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Larry M. Lounsbury

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Member Since: Nov, 2006

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Blogs by Larry M. Lounsbury

From Failout To Bailout: How To Shut Down The Fed
10/1/2008 7:17:46 PM    [ Flag as Spam or Inappropriate ]

This is a article written from a website at http://depression2.tv/d2/node/211
So, by now fellow taxpayer, you are asking yourself how to solve the credit crisis without bankrupting yourself and your fellow taxpayers. The Grin Reaper is here to help, first let's start with some facts shall we?

1) In 1913 the Federal Reserve was created by a coterie of private international bankers as described by G. Edward Griffen in his book The Creature from Jekyll Island: A Second Look at the Federal Reserve.

Over the last 95 years the Federal Reserve, which is neither Federal nor does it have any reserves has taken out the US national debt as profit for it's "services" of printing money from thin air and charging you the taxpayer to "borrow" it. The establishment of the Federal Reserve has no basis in the United States Constitution.

2) The current credit crisis was initially caused by the inability of debtors, in the face of increasing payments and decreasing property values, to service the mortgages that they have taken on. It has been greatly exacerbated by the development of $1 Quadrillion in financial derivatives built on these mortgages, as well as car and student loans.

3) The Federal Reserve, together with the US Treasury and the International Banksters that control the world's central banks have dumped $1.8 Trillion of liquidity into the credit markets over the last 1 1/2 years to little or no avail in terms of easing the credit crisis.

Observing these facts, it is apparent that:

1) No solution to the credit crisis will succeed without stabilizing the real estate market. Throwing more "liquidity" at the troubled banks will do no more than prop us up until the inevitable day of reckoning. Thus the credit crisis is not a result of liquidity, rather it is one of SOLVENCY.

2) The taxpayer has no constitutional responsibility to bailout the Federal Reserve and it's banks from their self-imposed insolvency.

3) The Failout represents nothing more than a recapitalization of insolvent banks because they loaned money to individuals who are unable to pay it back.

The BIG question is, how do we do it? The Grin Reaper's answer?

The Federal Reserve Banks should be seized by Congress under Article 1 Section 8 of the Constitution. The FED banks could survive as clearinghouse banks, but the Federal Reserve, that has robbed the American people for 95 years, would cease to exist. The debt owed by the American people to the FED banks would be discharged in bankruptcy. Congress would take monetary policy from the FED and would simply stand in place of the FED through a monetary board. The FED credit computers would be transferred to Congress who would issue new credit (money), because under our present system 97% of all money originates as credit. This new credit would keep the system going and prevent collapse. It could all be done without interest and without debt. The backs of the international banking cartel would be broken forever (or at least until they could regroup in a generation or two and re-engineer the 4th Central Bank of the United States), and the American people through their elected representatives would control monetary policy (i.e. money in circulation, interest rates, and credit availability.)

As a side benefit to elimination of the Federal Reserve, we the people can demand the repeal of the 16th Amendment to the US Constitution, and eliminate the Federal income tax, which was established to service the national debt "owed" to the private cartel of international banksters. Elimination of the Federal income tax will put more money in the pockets of individual taxpayers and free them from the debtors prison without bars that the current US administration, and the private international banking cartel, has constructed for them.

It's a plan you can take to the Banksters!


Comments (3)

More Blogs by Larry M. Lounsbury
• Vote for Actor Friend. - Monday, November 02, 2009
• Adam lambert - Tuesday, September 15, 2009
• Adam Lambert in NYC - Tuesday, August 18, 2009
• Gold-untarnished Fiat? - Friday, July 17, 2009
• Iran's Vote - Saturday, June 20, 2009
• Spice trade correction - Thursday, June 11, 2009
• Something to think about. - Saturday, April 25, 2009
• The Jews Face a Double Standard - Thursday, January 08, 2009
•  From Failout To Bailout: How To Shut Down The Fed - Wednesday, October 01, 2008  
• Caroline's Mum - Saturday, July 05, 2008
• Data Base - Friday, June 27, 2008
• owards a nationalisation of parts of the US banking system - Monday, April 07, 2008
• Over 100,000 hits! - Thursday, January 31, 2008
• Why wars and suffering - Monday, September 24, 2007
• Why I believe in True Love - Monday, September 24, 2007
• Arctic ice melt opens Northwest Passage - Sunday, September 16, 2007
• Question of Love - Saturday, September 15, 2007
• Language of Trees - Friday, September 07, 2007
• Accident Day - Sunday, September 02, 2007
• Quantas Air Division - Tuesday, August 14, 2007
• Heavenly Voices - Tuesday, June 12, 2007
• Doppleganger and Things That go Bump in the Night - Friday, June 08, 2007
• Sense and Meaning - Tuesday, April 24, 2007
• DNA - Wednesday, April 18, 2007
• Birthday and Vision - Tuesday, March 13, 2007
• Overwhelmed - Saturday, March 03, 2007
• Claustrophobic - Monday, February 26, 2007
• Sacrifice Of Freedom - Monday, February 26, 2007
• Busy Week - Friday, February 23, 2007
• Logic Ahead of Its Time - Wednesday, February 21, 2007
• Picking The Next President - Wednesday, February 21, 2007
• Life's Simple Pleasures - Tuesday, February 20, 2007
• Stories and Studies - Thursday, February 15, 2007
• My Wifes Blog - Tuesday, February 13, 2007
• Hot Night - Monday, February 12, 2007
• Wife’s Embarrassing Moment - Sunday, February 11, 2007
• An Image of Him - Saturday, February 10, 2007
• Loving Yourself - Friday, February 09, 2007
• Mission Impossible - Sunday, February 04, 2007
• Grandma Still Drives - Sunday, February 04, 2007
• SID Vicious - Friday, February 02, 2007
• Trashy People - Thursday, February 01, 2007
• Public Speaking - Thursday, February 01, 2007
• Communication With A Highlander - Wednesday, January 31, 2007
• Perfection In a Imperfect World - Wednesday, January 31, 2007
• Repost number 28 - Monday, January 29, 2007
• Bilingual - Monday, January 29, 2007
• A Duck's Story - Monday, January 29, 2007
• Forgiveness - Sunday, January 28, 2007
• More Short Stories - Saturday, January 27, 2007
• Timelapse - Friday, January 26, 2007
• Snake Food - Friday, January 26, 2007
• Embarrasing Moments - Friday, January 26, 2007
• Finding My Groove - Tuesday, January 23, 2007
• Business ethics and Personal Ethics - Monday, January 15, 2007
• Pure Logic-Realities of Moral Absolutes - Saturday, January 13, 2007
• The Human Connection - Thursday, January 11, 2007
• More Input - Wednesday, January 10, 2007
• Free Time - Monday, January 08, 2007
• Essense of Time - Saturday, January 06, 2007
• Order in the Universe "General Grand Unification Problem" - Friday, January 05, 2007
• Too Much Rhetoric - Wednesday, January 03, 2007
• Smoke and Mirrors - Tuesday, January 02, 2007
• Jerusalem - Sunday, December 31, 2006
• Writing - Wednesday, December 27, 2006
• Love - Tuesday, December 26, 2006
• Christmas Music - Friday, December 22, 2006


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