"If government becomes 'independent of politics' it can only mean that that sphere of government becomes an absolute self-perpetuating oligarchy." -- Murray Rothbard, The Case Against The Fed
"Wall street owns the country. It is no longer a government of the people, by the people, and for the people, but a government of Wall Street, by Wall Street, and for Wall Street. The great common people of this country are slaves, and monopoly is the master." -- Mary "Yellin' Lease, 1895
"A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army...We must not let our rulers load us with perpetual debt." -- Thomas Jefferson
Even as we get closer to complete economic chaos and bankruptcy induced by a corrupt system of debt-money, we still hear those in congress repeating the catechism of Fed "independence." In effect, they have pledged to maintain the independence of the privately owned "Fed" -- exactly what the great banking historian, Murray Rothbard, called "an absolute self-perpetuating oligarchy."
Independence from whom? For What? For how long? To what end?
In any case, the independent bank scam enables turning what would be our debt-free national investments into interest-bearing debt slavery. As a result of nearly a hundred years of this monetary servitude, the money mafia game is now on the verge of imploding, both domestically and globally, and taking with it our prosperity, economy and democracy - as well as that of many nations sinking under the same tyranny.
Independence of the "Fed"? Well, it's independence from the people of course, from democracy, from accountability and morality. It is unaccountable independence from everything right, good, and constitutional while paving the way for taking care of their big bank owners at our expense. It is surely not independent of banking criminals handing themselves trillions. In fact it has become their own exclusive money monopoly and private weapon for their greed and gain and our financial destruction - a truly perverse prerogative now being used to collapse all public power and privatize all public assets.
Too many of the very Congresspersons entrusted with the money and credit powers by the founders in our Constitution continue to turn their backs on this democratic money power -- that being the very way out of debt money slavery and everlasting interest upon interest imprisoning all future generations. In effect, these spineless Congresspersons are calling the founders idiots for giving the power of the purse to the most representative body? They might as well be saying exactly that if they continue to support this debt money slavery of a private cartel masquerading as a "government" institution.
Apparently, these same Congresspersons are ignorant of the hundred years of history of the Rothschild "Bank Of England" predation and our Revolution to escape precisely this crushing foreign banking debt-money monopoly. I guess they still think the Boston Tea Party was all about taxes on tea!
Too many politicians, economists, and media sycophants alike still repeat this "independent" mantra, a mindless pledge of allegiance to the oligarchy, to the filthy rich and powerful banking families that own our country, our world, and our lives. It is both high comedy and high tragedy to watch these lemming politicians and economists fall all over themselves to say they support Fed independence.
Yet the Fed is clearly not independent of historic banking oligarchies, it is not independent of the self-interest of the Fed's private owners. It is only independent of the very people the Constitution required it not to be independent from!
In short, Fed "independence" is the scam of the ages, and the people who espouse it are either uninformed, bought off, scared for their positions, ruthless fascists, or any sick combination thereof.
So you think the founders were crazy and wrong not to give a private central bank independence? They were crazy to make our money powers dependent on a Congress re-electable by the people - as opposed to Fed appointments virtually dictated by its big bank owners? With this oligarchic stance you demean your own office. You demean the Constitution. You are not worthy to serve as long as you serve to consign the people to everlasting debt-money slavery. For this you will be reviled by your constituents and your own families for your service to bankers and the ruin they visit upon us.
So, go ahead, run on that platform - i.e., that the founders were crazy and we're much better off with an oligarchic, Goldman Sachs forever, Fed. Tell your constituents you don't believe in our Constitutional democratic money powers . . . and that the big bankers know best. Run on that platform and see if ninety-nine per cent of your constituents are still that stupid.
As recent events have clearly displayed, however, the truth is that the last thing we need is a continued Fed independence from the people. We need a public central bank owned by the people, responsible to our elected representatives, dedicated to the public interest, free of interest-bearing money creation, and forever free of dependence upon private banking entities for our very future and prosperity.
Kent Welton is a monetary reform activist, Author and Exec. Dir. The Center For Balance. Please visit his websites: KentWelton.com, PanditPress.com, OligarchyUSA.com, andPublicCentralBank.com.