Wednesday, May 15, 2013

Jekyll Island - the documentary by Bill Still

This year -- 2013 -- is the 100th anniversary of the creation of the Federal Reserve System. This was a system which was sold to the public as a way to create stability for the U.S. financial system, but, in fact, just the reverse has been true. The film examines the roots of the Federal Reserve System and what was put in place at the secretive Jekyll Island meeting in 1910 where it was given birth?

Until we recognize what the basic problem is – in every nation – we certainly can't fix it. In fact, nothing any national government does will fix the problem, and all of us will see mounting debts and sinking standards of living. Our children will inherit this mess, and it will get worse every single year.

The good news is we CAN fix this. It won’t take a war or a revolution; it only takes a simple understanding of the problem, and its simple solution. . . .

Did you notice "LACKAWANNA" on the tower behind Bill in this video?

From page 16 of The Scranton Times, a Lackawanna County, Pennsylvania newspaper dated Monday, April 19, 1937:


Washington, April 19 - Representative Lamneck (D Ohio) told the house today the federal reserve system is committing legally "the greatest burglary in history." Criticizing the system in the midst of a plea that the budget be balanced to avert "calamity," the Ohioan said that for a $300 investment a bank could get a $30,000 return. "If a burglar had a license to steal, he said, "he would at least have to carry away his loot. The federal reserve system has its loot brought to it." Lamneck said this was a procedure for a "steal" authorized by congress.

The treasury asks bids for several million dollars worth of bonds. A banker says he will take a million dollars worth and credits the treasury on his books with a million dollars. Then he deposits the bonds with a federal reserve agent as collateral security for a million dollars in federal reserve notes and agrees to pay the cost of printing the currency - about $300. He now has a million dollars in currency to balance the million dollar deposit he credited to the treasury. He still owns the bonds and can collect the interest, about $20,000 a year on an investment of $300.