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Friday, March 21, 2008

Congress should borrow from the Federal Reserve to buy JPMorgan

We should lobby a Senator to introduce a law to have Congress borrow hundreds of billions from the Federal Reserve. Then use that money to buy JPMorgan. After that, abolish the Federal Reserve and now as a share holder in the Bank for International Settlements (BIS), abolish the central bankers' bank. When we are done, we can privatize JPMorgan and sell it for $2/share to Bear Stearn investors.

JPMorgan helped create the sub prime market by lowering interest rates via the Fed. Thus they created the problem and provided the solution. In the process they stole billions of dollars in value from Bear Stearns investors.

In the video below, Faiz is struggling hard to rationalize his Establishment education that collectivism and Central Banks are good with logic and reason. Faiz actually says the Constitution is "extreme and impractical".

If the Federal Reserve is such a good thing, let's pass an Amendment to the Constitution to make it legal. Otherwise, it is operating illegally.

Faiz says before the Federal Reserve we had bank runs and instability. But who caused the Panic of 1907? It was the man who attacked the Knickerbocker Trust Company by starting rumors that it was insolvent. He did this because the developing trusts threatened the Establishment bankers.

His name was John Pierpont Morgan.

And he saved the day in 1907, according to Dow Jones MarketWatch (3/14/08). Just like JPMorgan and the Federal Reserve saved the day in 2008. It is the the "hero complex" where they provide the solution but actually initiated the crisis.

Woodrow Wilson, at the time President of Princeton University:
...all this trouble could be averted if he appointed a committee of six or seven public-spirited men like J. P. Morgan to handle the affairs of our country...
Woodrow Wilson, President of the United States, who signed the unconstitutional Federal Reserve Act into law:
A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.

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