February 29, 2008

Uncomfortable Truth About America’s Banking System, the Federal Reserve. What’s Behind the Economic Issues? Fiat Currency.

by @ 6:13 pm. Filed under Business

So a while back I wrote the post titled Arab Muslims Continue Buying Up America. Citigroup Makes Abu Dhabi one of its Largest Shareholders. And you can see in the comments there that our brother KyleAndrews spoke up to mention that I was missing an entire mess behind it all. In those comments he details things many of us were not so aware of before.

I had been speaking with KyleAndrews in private afterward and asked him to do a post on the subject. He had agreed, but unfortunately not only have I not heard from KyleAndrews since then, I have not seen him online at any of the spots we both frequent. My efforts to reach him have been unsuccessful. Keep in mind, I last spoke with him and have been trying to reach him since late December. So at this point I can only ask that everyone pray for him, I don’t know where he is or what’s going on.

But we have this issue of the economy and it was something you can tell he was very passionate about. He wanted this information to get greater distribution and with him away, I still wanted to work up something for you and I’m sure he’d want that. It’s a lot of stuff, so I’m just going to hit one point in this particular post, the Federal Reserve. And trust me, that’s enough in its self!

I’ve found a video that sums things up pretty well. (With KyleAndrews’ help.) You folks know I am not a Ron Paul fan. But just because I disagree with a guy on some other issues, to the point I don’t want him to be President, it does not mean that person can’t be telling the truth about a certain issue. It is Ron Paul who has been openly speaking some truth regarding our Federal Reserve and he did a documentary a while back with some other folks titled Fiat Empire, Why the Federal Reserve Violates the U.S. Constitution. It was originally made in 2005, before Ron Paul decided to make a Presidential run. Now the version of the documentary that is provided free online has been edited with a bunch of “vote Ron Paul” hype, but given his candidacy is in the dumps, I don’t feel I’m doing his campaign any favors by posting this now. While I want these issues addressed, I don’t feel he’s the man who should be our next President. (I’ve got other posts about him on this blog, but won’t harp on that here.) Just the same, facts are facts and that is why the video below is being provided to you.

It is 1 hour in length, but if you’d like to know about what’s going on with all the increasing prices that YOU PAY you might want to watch this.

FIAT EMPIRE – Why the Federal Reserve Violates the U.S. Constitution

Here is another video that offers additional details.

Corrupt Federal Reserve – Robbing Americans Since 1913

Now this all does relate to Arabs and others buying up American companies, including parts of banks. As our dollar gets weaker, somebody has to cover the money that we don’t actually have.

Honestly, I don’t know if the way things are regarding finances might ever end and we know worse is coming. Salvation does not come via winning some economic or political battle. Salvation only comes via the Lord Jesus Christ and when He returns the evil one will be bound.

Revelation 20:1-3 (New American Standard Bible)

1 Then I saw an angel coming down from heaven, holding the key of the abyss and a great chain in his hand.

2 And he laid hold of the dragon, the serpent of old, who is the devil and Satan, and bound him for a thousand years;

3 and he threw him into the abyss, and shut it and sealed it over him, so that he would not deceive the nations any longer, until the thousand years were completed; after these things he must be released for a short time.

Only those drawn to Christ will join Him in victory. Those without Him will perish, John 3:16.

John 12:30-32 (New American Standard Bible)

30 Jesus answered and said, “This voice has not come for My sake, but for your sakes.

31 “Now judgment is upon this world; now the ruler of this world will be cast out.

32 “And I, if I am lifted up from the earth, will draw all men to Myself.”

This world is now in the power of the evil one, as God has allowed to be for this time.

1 John 5:19-21 (New American Standard Bible)

19 We know that we are of God, and that the whole world lies in the power of the evil one.

20 And we know that the Son of God has come, and has given us understanding so that we may know Him who is true; and we are in Him who is true, in His Son Jesus Christ This is the true God and eternal life.

21 Little children, guard yourselves from idols.

Run to Jesus for eternal life, avoid this world’s lust for money.

34 Responses to “Uncomfortable Truth About America’s Banking System, the Federal Reserve. What’s Behind the Economic Issues? Fiat Currency.”

  1. Yvette Says:

    Now you know with the way these ‘pastors’ are enticing people to come to the ‘jesus’ of money most people will reject this and never even consider that things are not as they seem and do their own research. You wouldn’t believe how many people stare at me like a deer caught in the headlights when I tell them the federal reserve is neither federal nor a reserve but a private company. Some days I don’t know whether to laugh or cry at what is happening to us right in front of our faces knowing that few can see it.

  2. healtheland Says:

    I am certain Kyle Andrews is OK. If he is still with us in this world, great. If he is resting with the repentant thief in paradise, even better!

  3. IndependentConservative Says:


  4. IndependentConservative Says:

    If someone thinks the information posted here is total nuttery, they should wonder why has our government been running a Consumer Price Index (CPI) inflation calculator since 1913? If you go to the US Bureau of Labor Statistics web site that has the calculator and enter $1.00 to compare between 1913 and 2008 you get a figure of $21.32!!! It’s basically measuring how bad the Federal Reserve Act has been messing Americans over.

    A web page The Shrinking Value of the Dollar has a running total over the years and aside from the Great Depression, the value of each dollar in our pockets has always shrunk since 1913 when the Federal Reserve was established.

    So given the CPI shows how bad things are, the Federal Reserve does not prefer it as an index any longer and now prefers the Personal Consumption Expenditures Price Index (PCEPI). Some interesting things about the PCEPI:

    It is indexed to a base of 100 in 1992.

    Also, the PCEPI uses a chained index which compares one quarter’s price to the last quarter’s instead of choosing a fixed base. This price index method assumes that the consumer has made allowances for changes in relative prices. The PCE rises about 1/3% less than the CPI, a trend that dates back to 1992.

    If the numbers look bad, just change how you calculate them and the starting date for calculation, then suddenly the numbers look better 🙄 !

    But they’re hoping nobody notices, although our grandparents could manage with 1 person working in many cases to keep a household and today 2 people work in many households, to maintain a life that features less buying power and more extended lines of CREDIT.

    Not that personal spending habits don’t play any role, they do, but American’s buying power keeps getting cut and so the credit lines were bound to increase.

    So you have a case where the government can claim the numbers look good, radio talk show hosts can claim the numbers look good, but once you get to the grocery store you’re wondering why you leave with less money in your pocket! Less than when you used to go to the same store and purchase the same items before. Your buying power is being shrunk, while government plays with the numbers, to tell you everything is great and the radio talk show guys claim nobody should complain about the economy. Regardless of who wins these elections throughout the years, the games continue.

  5. IndependentConservative Says:

    I’ve heard from Kyle Andrews. He is fine.

  6. KyleAndrews Says:

    There is no end in site regarding inflation. Our current debt is nearing 10 trillion dollars while our GDP is 14 trillion. Even if we sold everything from sea to shining sea we would only have 4 trillion left over. However, this does not take into consideration our future liabilities which range from 40 – 70 trillion dollars. Where we gonna come up with that much money? we are NOT! Because of this we will continue to print money and have massive inflation. WE CAN’T COVER OUR DEBTS. We WILL however attempt to pay off the debts with worthless dollars where we can, in particular our burgeoning debt owed to Social Security. The only problem is that Grandmas $1200 a month check will only cover her rent and she won’t have anything else left. Now as for debt we owe to foreigners they ARE NOT TAKING OUR WORTHLESS DOLLARS. They want HARD ASSETS like our banks and real estate. They are not stupid. EVERY ECONOMY IN THE WORLD WHO WENT ON A FIAT CURRENCY EVENTUALLY CRUMBLED. We are in the beginning stages of this. And like IC said this is NOT some nutty cooky absurd talk. This is real. This is why we are considering the AMERO dollar based on three countries. The US, Mexico, and Canada. This way we can call our currency and establish a new one. Third world countries do this all the time rendering there previous currency worthless. Look around people. When have you ever seen countries gobbling up our assets like this in the past? You haven’t. Want to know why oil is so expensive? It’s hardly the greedy oil companies. It’s called Petro Dollars. ALL OIL TRANSACTIONS AROUND THE GLOBE “MUST” USE THE AMERICAN DOLLAR. As we inflate our money supply anything pegged to the dollar increases in price hence $102 a barrel oil. Want to know something even worse? Countries are beginning to switch to the Euro as the median of exchange for oil. You know what happens then? All those American Dollars in circulation come crashing back on our shores. OH BOY! You think your seeing inflation now just wait until were awash in our own dollars as they get dumped back on our shores. This will make the 1970s look tame considering inflation. Boys and girls want to know something else that might boggle your mind? In 2006 we stopped reporting how much money was in the money supply(M3). Hello! That’s like someone hiding something behind his back and telling you he’s not hiding anything. They stopped reporting it because we couldn’t let the world know we have our printing presses at full throttle. But how dumb can they be? Evidently not that dumb because by 2007 they caught onto our game and began demanding our tangible items and not our worthless paper. Folks you have not seen anything yet. I’m not a quack conspiracy theorist. Look at the numbers and do the math. The govt. is in a win win situation. They can cover their debts by printing more money and handing out worthless notes. Also, as we cause inflation prices get higher and the Govt. gets to collect more money. I know your scratching your head. Well lets do some math. You paid a $1.89 a gallon for milk 3 years ago at lets say 5% sales tax. That’s a $1.98 with tax. So we can say the Govt. gets .09 cents. Well with inflation the tax rate remains the same at 5% but the price shot up to $4.00 a gallon which now nets the Govt. .20 cents. They get more tax revenue and they can pay their debts all the while making you the one who shoulders the load. Oh! sorry to shock you but this is primarily a Republican tactic called deficit spending. Republicans go into debt that we can’t pay giving us inflation in the long run where Democrats just tax you outright. And sigh, all this time you thought the Republicans were for tax cuts- LOL! There BOTH for tax increases it’s just that the Republicans hide it better. Anyways, in closing as in the words of our good friend John inspired by God said,

    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.

    And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

    Oh just to let you know, the rest of the world is following suit and also is printing money to maintain their currency peg to OUR dollar which will result in world wide inflation just like mentioned in Revelation 6: 5-6.

    I hope your saved because your seeing the beginning of the afore mentioned sign.


  7. IndependentConservative Says:

    Well Kyle, either more of us will hear what you and others are saying now, or later. Best to at least know the train is coming than just be blindsided by a train! In the end, having Christ is the only hope.

    Much of what you mentioned regarding oil is now being reported in the news to a degree. Of course they don’t get into what is really causing the inflation, but they know it’s not a supply/demand issue any longer that keeps oil prices rising.

    And the rumblings of dumping the dollar totally (dumping as in other nations dumping it and dumping as in America trending towards an Amero) are out there too.

    I think the “mental leap” to accepting this all as being true, is that you have to admit it’s actually occurring IN AMERICA. If we were talking about some other nation, the whole story would probably be reported and TV political pundits would proclaim that the nation should do something about it. But then there is the issue of seeking to have government correct problem via them extending their hand into more stuff, that creates another can of worms I didn’t even want to jump into. It would help to pull government OUT of some things and stop government spending so much and get America on a monetary system that actually has a foundation, but those are not solutions that favor government or banks, so odds are low any of that will happen. Not to mention, it would involve some more pain now rather than even greater pain later and government loves kicking the can up the road rather than dealing with a problem sooner. And kicking that can up the road works to their advantage and the advantage of those funding them.

    No matter who wins elections, we lose. Taxes or not, the American people can’t cover the tab government is running up. And the American people often beg for many of the things that help run the tab up. Or are lead into feeling they should beg for it.

  8. KyleNYC Says:


    Now hopefully people will begin to see that this current economic “crisis” (engineered, of course) is just one more tool that satan (lowercase on purpose) will bring about Revelation 13.

  9. KyleAndrews Says:

    Right now it’s Monday 1:25 am EST here in NY. The overseas markets have opened and we are seeing massive sell offs. Gold and Silver have hit there all time highs. The last time this happened was in the late 70s and early eighties when inflation was double digit. Also Ben Bernake announced that he is going to lower interest rates even more and just last week injected another 30billion into the system. What they are doing is attempting to thwart a recession by creating inflation. However this is short sighted to say the least. Propping up the economy by pumping dollars into the system will only work in the short term. Eventually the system will crash. That bad thing is that if the Fed didn’t mess with the economy and let the free hand of the market work its way through we would have had a recession, lost some jobs, and cleared out the bad debt. Instead the Fed is artificially keeping up a weakened economy which will cause what would have been a normal business downturn (afore mentioned) to a steep recession.


  10. KyleAndrews Says:

    To bolster my above mentioned statement. This article I just found today on CNN Money. In the Feds own words they are NOT worrying about inflation but rather will continue to attempt an economic downturn. Why? Simple! They care about business more and the people less. No class warfare just being honest. We WILL continue to see price inflation and the Fed doesn’t care. It’s all about the bottom line.


  11. IndependentConservative Says:

    KyleAndrews, that link you provided has a link to video THAT TELLS MORE OF THE TRUTH in more frank terms. Check out this video that is linked to the story.

    The expert goes as far as to say our dollar COULD become WORTHLESS.

    New post coming.

  12. Independent Conservative Says:

    CNN Starting to Report the Truth About the Economy Online. Your Dollar COULD become WORTHLESS….

    You should start with the post Uncomfortable Truth About America’s Banking System, the Federal Reserve. What’s Behind the Economic Issues? Fiat Currency. If you have not fully reviewed that post already. (Several of the comments will help you unde…

  13. SteelGator Says:

    This is exactly what Hitler did in the 1930s and 1940s. He just kept printing money and taking out loans from British and American banks. When the Brits and Americans called their notes, Hitler told them to “kiss off” and this was one of the many reasons that WWII started. I guess the United States could just thumb their noses at the world and not pay. Then, WWIII (which could be Armageddon)would then start. I think the U.S. ought to ask some countries, (i.e. Germany, Britain, and Japan) to forgive much of our national debt, due to the fact that after these countries were destroyed via WWII, the United States went in and rebuilt their countries for free.

  14. SteelGator Says:

    In fact, I think America will just peacefully submit to the “one world” government after our economy fails and folds. This way, the leaders will sell it to the people as a good thing. The New World Order will supposedly bail America and other countries out. The end of the world as we know it might be sooner than we think.

  15. SteelGator Says:

    I assumed most Americans knew that our money was not backed by anything. This is one thing I really liked about Ron Paul. He wanted us to go back on the “gold standard”. New World Order lover Richard Nixon with Kissinger’s advice took us off the “gold standard” over 30 years ago. There is nothing backing the Euro either. The Euro is just an overvalued currency that only exists because all European countries had their own currency. Their individual currencies and their socialist economies were and are going to pot. Thus, they band together to improve the value of their currency and try to fix their flailing economies.

  16. IndependentConservative Says:

    I guess the United States could just thumb their noses at the world and not pay.

    You do realize that a form of just that occurred during the “American revolution” when men with debt such as GEORGE WASHINGTON got tired of the tab he was running up with BRITISH MERCHANTS AND BANKERS.

    America like the rest of the world will (or already does) love the beast.

  17. IndependentConservative Says:

    Just as North American countries plan with the “Amero”.

  18. SteelGator Says:

    IC said…
    “You do realize that a form of just that occurred during the “American revolution” when men with debt such as GEORGE WASHINGTON got tired of the tab he was running up with BRITISH MERCHANTS AND BANKERS. America like the rest of the world will (or already does) love the beast.”

    Yep, and a Jewish Banker also got dispersed Jews to kick in millions of dollars to payoff some of Washington’s debt and provide funds so the Revolutionaries can win. Israel (even before 1947) has always been a friend of America.

    Ditto to your statement about the beast!!

  19. SteelGator Says:

    Euro and Amero will be one someday as well.

  20. SteelGator Says:

    Great video’s IC. I had heard about this before but never seen video on it. Anyway, this is just another part of the eventual “New World Order.”

  21. KyleAndrews Says:

    Steel Gator,

    You mentioned Kissinger as one of the NWO stooges but what about Zbignew Brezinski? He is advising Obama. This man is one of the original founders of the CFR and would love nothing more than to have our economy collapse to help facilitate the NWO. This all ties into the current economic condition.


  22. IndependentConservative Says:

    Good to see others are keeping eye on the CFR linkage of the political candidates that remain.

  23. johnkaniecki Says:


    Hi hope you are well.

    Unfortunately the government does not want the American people to fall complacently to the New World Order. What they desire is strife and uprisings. Why you may ask. They want to kill as many of us ‘undesirables’ as possible before they cart us away to the concentration camps. Read about Henry Kissingers comments about people being worthless eaters. The powers to be just see the masses as useless people.

    Who are on the list? Anybody who disagrees primarily. Those of darker skin color have a higher priority but it will not be on a purely racial basis.

    You see how the religious right is getting all warm to Israel. They want Isreal to build the temple so prophecy can be fufilled. (Another important topic as well. The Church is the true temple of God.) But don’t be fooled just like the Nazis and Soviets they are miles apart and partners for but a moment.

    The correct response would be a massive non violent protest. I myself believe this will be the begining of the tribulation.

    The whole system is being propped up just for the moment to get us through the next election cycle.



  24. KyleAndrews Says:

    Oh John,

    I just touched off on this subject on JesusChristology website. You mentioned Kissinger a Republican. I have mentioned Zbignew Brzezinski a Democrat. These two are both CFR and still have MAJOR influence in their respective parties. The Problem is that at the top the goals are the same. It’s we the sheeple who go around thinking there is a difference between the Dems and the Pubs.


  25. IndependentConservative Says:

    Kyle, John is still seeing this all way too much from the glaze of partisan political vision.

  26. johnkaniecki Says:

    That may be true IC certain things are hard to break out of. I was going to vote for the Socialist candidate for senator here in New Jersey on the 2006 election day. I knew full well he or she wasn’t going to win. But on the way home I put on Air America radio and listened to Randi Rhodes. After hearing that I voted for the victorious Democrat.

    People have a wide range of opinions as how far the coruption/manipulation/control goes. I’ve heard everything from the Jews to the Illumanati to the masons to the neocons to the aliens control this world.

    What I do know is the most important things of all and that is Jesus is Lord.



  27. KyleAndrews Says:


    First of all I think we all would not want wars. That being said this Liberal idea to end wars to gain peace is faulty. It is good in theory and “should” be this way but the Bible clearly states there will be wars and rumors of wars. Also, as we enter (Notice I didn’t say raptured out of) the end times there will be so much carnage with much of it by God himself. The suffering servant will show his other side as King, Ruler, and Judge. The bloody mess is described in Revelation when Jesus returns. Now don’t get me wrong I am not advocating war it is just that assuming that avoiding war somehow brings peace is myopic at best and not scriptural at worst. But that being said YES pray for peace.


  28. KyleAndrews Says:

    This is what Fiat Currency gives you.


  29. IndependentConservative Says:

    And Kyle, what do you think about this:
    Bush Administration Proposes Sweeping Overhaul of Financial Industry Regulations

    Giving the banks even MORE POWER. Is this like a fox working patrol over a foxhole or what?

  30. KyleAndrews Says:


    I saw that one also. Shockingly not only are they increasing there regulatory power but they also are entertaining the idea of a Nordic style banking system which allows the Federal Govt. to Nationalize the banks in essence socializing the banks.


  31. IndependentConservative Says:

    Nobody seems to have a problem with it. The media is reporting it like it’s a great idea.

    I hear the reports thinking to myself “am I the only guy seeing issues with this?”…

    And I don’t know if something like our Federal Reserve even existed in the Nordic system. Our “federal reserve” is the big banks. Were they the ones calling the shots in the Nordic system? And regardless, its still an idea I have issues with.

    And here’s something that is NOT an April Fool’s prank: Truck Drivers Threaten To Strike On April Fool’s Day

    I hear some large truck companies are possibly going to participate along with some independent truckers.

  32. KyleAndrews Says:

    Yes I saw the one about the trucks. In regards to the Nordic system coupled with the massive overhaul of the sytem is granting the Fed Reserve “THE” power it needs to shore up complete control.

    Here is a nice vid that should bring it all together.


  33. SteelGator Says:

    I totally agree this is very scary. The sad part is the Democrats don’t think these regulations go far enough.

  34. IndependentConservative Says:

    Kyle, it turns out the photo in that article is bogus:
    The Independent’s ‘Great Depression of 2008’ Photo Is From 2005

    Regarding the actual article content, some are disputing that the economy is in bad shape, but you knew that would happen.

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