Death of the American Dream.

Discussion in 'Business & Economics' started by Saturnine Pariah, Aug 8, 2012.

  1. Saturnine Pariah Hell is other people Valued Senior Member

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  3. Saturnine Pariah Hell is other people Valued Senior Member

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    However some points in the video are linked to some conspiracies, , out of good will i'm willing to adress these.
    Jekyll Island


    In 1910, a secret meeting was held at a J.P. Morgan estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill called the Federal Reserve Act was written. This legislation was written by bankers, not lawmakers. This meeting was so secretive, so concealed from government and public knowledge, that the 10 or so figures who attend, disguised their names when en route to the island.

    Back in 1910 banking reform was a big issue in the United States, and Nelson Aldrich -- as we already discussed -- had seen how several European countries had Central Banking systems and helped draft a plan for one in the United States. This meeting was not that secretive. We know exactly who attended:
    •Nelson Aldrich, US Senator
    •AP Andrews (Assistant Secretary of the Treasury Department)
    •Paul Warburg (Kuhn, Loeb, & Co)
    •Frank A Vanderlip (President, National City Bank of New York)
    •Henry P Davison (Senior Partner, JP Morgan Company)
    •Charles D Norton (President, First National Bank of New York)
    •Benjamin Strong (Representing JP Morgan)



    The film claims it was "bankers, not lawmakers", when the first two, or at least the first, would be considered as such. It makes perfect sense as well, considering as I already talked about, the whole idea was Nelson Aldrich's and he wanted help drafting a plan. That is, the help of people who knew about Banks and the help of the Treasury Department to set up the plan for a central bank in the US.[19]

    The whole mystery of it can be attributed to Forbes magazine, who published an article several years later of a bunch of bankers skipping town in the middle of the night to some island -- sounds more like some horrible John Grisham rip-off, rather than what actually happened. What's next? Are you going to tell me they were speeding away from Jekyll Island in a speed boat with monocles, bags of money with dollar signs, and their canes propped up against stacks of property deeds while they stroked their mustaches mincingly?

    Federal Reserve Act


    After this bill was constructed, it was then handed over to their political front man, Senator Nelson Aldrich, to push through Congress. And in 1913 with heavy political sponsorship by the bankers, Woodrow Wilson became President, having already agreed to sign the Federal Reserve Act in exchange for campaign support. And two days before Christmas when most of Congress was at home with their families, the Federal Reserve Act was voted in, and Wilson in turn made it law.

    It really didn't need to be "handed over to him", because he already had it, considering he was the primary person behind it. While Woodrow Wilson did get some money from corporations, most of the money was from smaller donations, not banks[20].

    The film implies that nobody knew about the act, when it had been debated and discussed for more than 4 months prior to being voted on. It passed the House on December 22, 1913 with 298 yeas to 60 nays, with 76 not voting (even if they would have voted all nay, it would still have been a majority of yeas).[21] The next day the Senate passed it, 43 yeas to 25 nays, with 27 not voting. The record shows that almost all of those not voting on the bill had previously declared their intentions, and were paired with members of the opposite intentions.[22]

    Woodrow Wilson's Regret


    Years later, Woodrow Wilson wrote, in regret:

    "[Our] 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 who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

    "We 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."

    The first quote is actually changed a bit, the original is[23]:


    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 who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.

    What's most interesting is that this originally was in a speech from 1912, so how could he be regretting something that hasn't happened yet?

    The second quote is also different, but only slightly edited [24]:


    "We have restricted credit, we have restricted opportunity, we have controlled development, and we 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."

    As with the first quote, this quote is from before the Federal Reserve Act even existed. This is actually from his 1912 campaign speech.

    How can he regret something that hasn't happened yet? Could it be these are just being used and the film is inaccurately trying to tell you that he regretted passing the law, when that was not the case? That would be my guess.
    This information can be read further in the following link
    http://conspiracies.skepticproject.com/articles/zeitgeist/part-three/#history_of_central_banks
     
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  5. kmguru Staff Member

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    Our healthcare is still good - 20% of GDP. Military is still big. Too many people are behind bars getting food...people are still getting their illegal drugs...x-rated internet is still big....Hollywood is still going...Harvard is still full...

    So, let us see where situation goes to...
     
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  7. Saturnine Pariah Hell is other people Valued Senior Member

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    Yes, let us watch what happens to this 236 year old experiment
     
  8. kmguru Staff Member

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    it may not last that long if...
    http://www.miamiherald.com/2012/08/13/2949878/mitt-romney-opens-bus-tour-in.html

    On the other hand, look at what happened to India in the last 5000 years...people forgot the Warrior Group and then the country basically got taken over by outside religions...creating a mess...
     
  9. Saturnine Pariah Hell is other people Valued Senior Member

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    :facepalm:
    With that i lose whatever little faith i had in this government.
     

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