Comments on A Hollywood Republican: The Federal Reserve by Craig Covello

Ah, yes, The Creature from Jekyll Island. It is as...

2009-12-15T12:53:55.644-08:00

Ah, yes, The Creature from Jekyll Island. It is as emblematic as the Bible. There is the Old Testament and the New Testament. But the Ten Commandments serve as the Cliff Note miracle of substance with the dogma of simplicity. There is an old saying, “If you have to explain it, forget it.” That is the difference between a book review seemingly as long as the book and capturing the essence. And then there is the ten page instruction on delineating your left from your right. For those who do not have time this blog review is an excellent and convenient must read. It deconstructs the Federal Reserve but does not offer a meaningful solution or a cure other than creative destruction.

This project must be terminated. The complexity of the Federal Reserve is calculated. The lack of transparency is an absolute for its existence. This is their successful checkmate as we hold our finger to the crack in the dam.

The authors confront a truism in every thoughtful article. How do I convey my thoughts simply, clearly and subjectively? Notice, a clever obfuscating construct of the Federal Reserve, if an idea cannot be said simply and understandably it is most probably an act of concealment and not enlightenment.

The Federal Reserve is the magician’s left hand distraction while the right hand is the power elite redistributing wealth. But the redistributed wealth is ours not theirs. For with wealth come power, control and responsibility. Nobody woke up until Obama was elected president. But now we doze again. Beware; a book review often does not encapsulate the “simple” truth. And we do not understand the “Global Power Elite.” The word “cartel” is revealing.

In the last ten months energy companies have funded $300 million into the coffers of 2,225 DC lobbyists. They fear a carbon tax and strategically lavished twice as much on carbon caps bill’s opponents than to its supports. This is the strategic straddle of the global elites as they manipulate economies, governments and Wall Street much as the Rothschilds did, and may still be doing, in the creation of the Creature from Jekyll Island. Research the Rothschild’s (the anti thesis of redistributive wealth…not apparent on the surface) conspiracy for a new world order. With “command and control” of money, the Federal Reserve, allows for the exercise of control over a nation’s policies. And why has there never been an audit of the Federal Reserve?

One may be inclined to contemplate the obvious future worthlessness of fiat money, or marvel at the genius of the pecuniary predators? Someone or something benefits from this chicanery and that was not adequately addressed. And it was, most assuredly, the most important thread of this concept. G. Edward Griffin could easily have said “Watch the price of Gold and you will know the corruption of this thing called the Federal Reserve…..and the greed of humanity.”

An analysis of the Vimar Republic, a rebuke coming from China, certainly not a conspiracy, would portend an autopsy with terrifying similarities to our current national policies and programs that slip toward panic as we print money on a colossal scale which will cause hyperinflation and risk civil war…. short of a miracle.

So now we have a Federal Reserve financial encyclopedia (The Creature from Jekyll Island) that examines the minute details of what some believe is another complicate deception without a single shred of survival wisdom on the machinations of the power elite (cartel) structure behind it. A solution might be to get back to the precious metal standard (or a property value standard) but the Bastards have made that nearly impossible. So, pray tell what the true objective of this destructive monetary policy is? Where is the wisdom on any solution? Serious dialogue on solutions would have made this blog more than informative and truly indispensable. An autopsy only documents a failure.

These conspiracy theories aren't conservative, the...

2009-12-15T11:06:03.933-08:00

These conspiracy theories aren't conservative, they're paranoid. Money policy is a key policy instrument in a free market society (take econ 101 instead of reading Griffin and you would know). To rail against an institution like a central bank is really advocating a return to the gold standard and living in caves. The U.S. was late in creating a central bank; it finally came around after the bank run in 1907. Read up on that to know why money supply is a good tool to have in one's arsenal. If you think, as you state, that the Fed's main purpose is to protect the "New York banks" to the detriment of the "public", I suggest you buy stocks in those banks. There is an argument to be made that one has to be wary of a government (a society, really) to run deficits for extended periods of time and then try to inflate its way out of its obligations. This has a certain allure since it hits foreign creditors as much as domestic savers (the Chinese are understandably worried about this). But in the end, this all boils down to choices people make. Your claim that "private individuals and corporations have been enticed to borrow [..] due to artifically low interest rates [..] introduced by the Fed" is laughable. Interest rates cannot be artifically lower than long term equilibrium (someone always has to be willing to lend to you at that rate). The fact that the U.S. was (and is) able to borrow is because it is a large, powerful economy with good credit. You are only overleveraged if you can't pay off your debt in the future. To the present day, enough people (and governments) in this world believe the U.S. to remain able to do so. The fact that we chose consumption in the today over saving for tomorrow is a personal choice everyone makes. If you don't run a balance on your credit card, good for you personally. Many of your fellow Americans (and the elected government, on their behalf, both Repulicans and Dems) have chosen to run up a bill, however, and you might not like their choices, but it was, is, and remains their choice to make. To insinuate that they were enticed into it by anything but their free will is disingenious.

Craig - Your assessment of Griffin's book was ver...

2009-12-14T17:57:10.457-08:00

Craig -
Your assessment of Griffin's book was very clearly laid out and easy to understand even for me, someone not known for understanding monetary flow. Our nation is in serious trouble but just as the average man, woman and child in 1774 did, we must fight to remain free at all cost.

Thank you,
Diane (Armato)

I already knew most of that and have been steaming...

2009-12-14T17:17:02.146-08:00

I already knew most of that and have been steaming for years about it. It feels good to hear others spread the word on this wolf in sheep’s clothing.
The Federal Reserve bank is total deception from the word go. It is organized crime and nothing more. We should abolish it today...right now!!
This is another Government flim flam that the people are very confused about and the Government wants to keep it that way.
In the nutshell they can wake up tomorrow and decide to throw us another 100 million dollars in debt and OK the Government to start printing the new money that day and we can do nothing but pray they at least spend it on something that could at least indirectly benefit us in some way but we both know that is wishful thinking. Then...our job is to shut up and pay it back…Good Luck!!
I wrote a short piece and posted it on a blog about this a few months ago and was shocked how many people told me I was totally wrong. That "The Federal Reserve Bank" was run by the Government as a safety to protect the American economy. I fell out of my chair. Ignorance runs deep.
Thank you for a great read and thanks for putting it in at least semi layman's terms so these knuckle heads can grasp at least part of it.

Great Read...THANKS CRAIG

Bruce Carson