Subprime Crashes Into Criminal Monetary System

"Central banking is perhaps the most brilliant scam ever perpetrated, and the U.S. Federal Reserve stands as the most successful of all central banks in history. The Fed is able to transfer wealth away from the people who earned it, and into the hands of the Federal Government and member banks, relentlessly, stealthily, year after year, and all the while maintaining the preposterous claim of social benefit in the form of "managing the economy." The method of this theft is sophisticated and disguised enough as to escape the attention of most, and when combined with propaganda, leads most people to the conclusion that we'd be in trouble without it. Yet I wish to show here that central banking can be well understood by most people for exactly what it is: ­ the fraudulent theft of trillions of dollars via the monopolization of money."
-- Johnny Silver Bear
"The Fed", 15 Jul 2004

An open letter to Gary North in response to his article, "Will The Big Banks Collapse?"

Gary -

Enjoyed your thorough description of the continuing subprime meltdown and central banking's role.

Some few of us are doing what we can to shift the national discussion from hand-wringing and clothes-clutching to the hard-biting, effective remedies and solutions available in the legal arena. Most Americans, of course, are lost in clothes-clutching, pie-in-the-sky daydreams of striking back with an electoral system that died of pathogenic electronic voting corruption in 2002, and sundry reform strategies that play to predator elitism's corruption machines and cannot possibly succeed.

While you're not one who is talking effective remedies and solutions, you are a blazing, citizen expert on central banking. We could use your expertise.

Little help, please.

The unconstitutional passage of the Federal Reserve Act, on the vehicle of inferior statute law, has always been an unconstitutional "anti-law regime". Its continuation has always resulted in felonies and felony conspiracies in each and every application of its unconstitutional statute, including its usurous "fractional lending" and its consequent inflationary reduction of the dollar's value. In the Fed's case, that would be minute-by-minute, every minute, since 1913. That's a lot of felonies.

Per the Constitution, the American people have a right to debt-free currency issued and valued by Congress.

Debt-based currency, issued and valued by a federal-statute-defined monopoly of private corporations (the Federal Reserve) violates 18 USC 241 -- felony conspiracy against citizen rights -- as well as both the letter and the spirit of the Constitution.

The "letter" of Constitutional law is violated by the Fed's conflict with Article 1, Section 8, Paragraph 6 -- "The Congress shall have the power ... To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures".

The "spirit" of Constitutional law is violated by the Fed's conflict with the 1935 SCOTUS decision in Schechter Poultry, 295 US 495, which barred Congress from delegating any of the core powers assigned to it in the Constitution.
The American people pay compound interest on every dollar of the Fed's debt-based currency, which is created out of thin air in a variety of usurous ways and at many physical locations. Every act that creates any amount of that "fiat currency" marks a new felony under 18 USC 241. Every payment of compound interest on that "fiat currency" marks a new felony under 18 USC 241.

Every govt act under color of law that supports the Federal Reserve is another violation of 18 USC 241, another felony conspiracy against citizen rights. When Bush nominated Ben Bernanke to be Fed Chairman on 22 October 2005, he joined the chairman-replacement felony conspiracy, adding to his mantle as the Criminal President. When the Senate confirmed Bernanke by voice vote on 31 January 2006, it joined the felony conspiracy, adding to its mantle as the Criminal US Senate.

Between seeking Bernanke as Fed Chairman and his Senate confirmation, several govt hierarchies became principals or accessories-after-the-fact in the felony conspiracy.

That is, there are hundreds of felons-in-waiting and accessories-after-the-fact, in and out of govt, who need to go to prison for Federal-Reserve-related crimes -- right now, before the fascist thugs in central banking, the govt, and powerful corporations spring the North American Union and its dollar-dumping MEXCANUS Amero on us.

Getting to those criminal prosecutions, of course, will not be easy. But they are the effective remedies, I'm convinced, that the American people need to get to. And we do have options that can force the issue.

I'm nowhere near the expert you are on central banking. But it's clear to me that effective remedies and soltuions for our central banking abominations involve making it right with the law.

In my world, making central banking right with the law means repealing the Federal Reserve Act and generally obliterating central banking as we know it.

Yes, reasons for JFK's murder undoubtedly included his moves toward a debt-free currency and abolishing the Fed. But that's a story for another day.

My first order of business is to describe an institution that can replace the Federal Reserve, starting us with the issuance of debt-free currency.

Do you have any starting places to recommend? Can you recommend a biblio of thinkers and works dedicated to replacing the Fed?

Clearly, we can't go on with this national discussion of hand-wringing and clothes-clutching. We're running out of time. Americans will not continue to take the abuse and lies so typified by the byzantine subprime finanacial instruments, the consequent housing market crash, and the zero accountability for those who commit such abuses against the people. With the safety-valves into change blocked by the governing and corporate elites, and with so many industries carpet-bombing the middle-class, the next stop could easily be bloody revolution.

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