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http://survivingeconomicwarfare.blogspot.com/2013/12/one-hundred-years-is-enough-time-to.html

One Hundred Years Is Enough: Time to Make the Federal Reserve a Public Utility
Dec 22, 2013 | Web of Debt | Ellen Brown

December 23rd, 2013, marks the 100th anniversary of the Federal Reserve, warranting a review of its performance.  Has it achieved the purposes for which it was designed?
The answer depends on whose purposes we are talking about.  For the banks, the Fed has served quite well.  For the laboring masses whose populist movement prompted it, not much has changed in a century.
Thwarting Populist Demands
ImageThe Federal Reserve Act was passed in 1913 in response to a wave of bank crises, which had hit on average every six years over a period of 80 years. The resulting economic depressions triggered a populist movement for monetary reform in the 1890s.  Mary Ellen Lease, an early populist leader, said in a fiery speech that could have been written today:

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. . . . Money rules . . . .Our laws are the output of a system which clothes rascals in robes and honesty in rags. The parties lie to us and the political speakers mislead us. . . .

We want money, land and transportation. We want the abolition of the National Banks, and we want the power to make loans direct from the government. We want the foreclosure system wiped out.

That was what they wanted, but the Federal Reserve Act that they got was not what the populists had fought for, or what their leader William Jennings Bryan thought he was approving when he voted for it in 1913. In the stirring speech that won him the Democratic presidential nomination in 1896, Bryan insisted:
 [We] believe that the right to coin money and issue money is a function of government. . . . Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson . . . and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.
He concluded with this famous outcry against the restrictive gold standard:

You shall not press down upon the brow of labor this crown of thorns, you shall not crucify mankind upon a cross of gold.

What Bryan and the populists sought was a national currency issued debt-free and interest-free by the government, on the model of Lincoln’s Greenbacks. What the American people got was a money supply created by private banks as credit (or debt) lent to the government and the people at interest. Although the national money supply would be printed by the U.S. Bureau of Engraving and Printing, it would be issued by the “bankers’ bank,” the Federal Reserve. The Fed is composed of twelve branches, all of which are 100 percent owned by the banks in their districts. Until 1935, these branches could each independently issue paper dollars for the cost of printing them, and could lend them at interest.
1929: The Fed Triggers the Worst Bank Run in History
The new system was supposed to prevent bank runs, but it clearly failed in that endeavor. In 1929, the United States experienced the worst bank run in its history.
 The New York Fed had been pouring newly-created money into New York banks, which then lent it to stock speculators. When the New York Fed heard that the Federal Reserve Board of Governors had held an all-night meeting discussing this risky situation, the flood of speculative funding was retracted, precipitating the 1929 stock market crash.
 At that time, paper dollars were freely redeemable in gold; but banks were required to keep sufficient gold to cover only 40 percent of their deposits. When panicked bank customers rushed to cash in their dollars, gold reserves shrank. Loans then had to be recalled to maintain the 40 percent requirement, collapsing the money supply.
 The result was widespread unemployment and loss of homes and savings, similar to that seen today. In a scathing indictment before Congress in 1934, Representative Louis McFadden blamed the Federal Reserve. He said:

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks . . . .

The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. . . .

Some people think that the Federal Reserve Banks are United  States  Government  institutions.  They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.

These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions.

Freed from the Bankers’ “Cross of Gold”
To stop the collapse of the money supply, in 1933 Roosevelt took the dollar off the gold standard within the United States. The gold standard had prevailed since the founding of the country, and the move was highly controversial. Critics viewed it as a crime. But proponents saw it as finally allowing the country to be economically sovereign.
 This more benign view was taken by Beardsley Ruml, Chairman of the Federal Reserve Bank of New York, in a presentation before the American Bar Association in 1945. He said the government was now at liberty to spend as needed to meet its budget, drawing on credit issued by its own central bank. It could do this until price inflation indicated a weakened purchasing power of the currency. Then, and only then, would the government need to levy taxes—not to fund the budget but to counteract inflation by contracting the money supply. The principal purpose of taxes, said Ruml, was “the maintenance of a dollar which has stable purchasing power over the years. Sometimes this purpose is stated as ‘the avoidance of inflation.’”
It was a remarkable realization. The government could be funded without taxes, by drawing on credit from its own central bank. Since there was no longer a need for gold to cover the loan, the central bank would not have to borrow. It could just create the money on its books. Only when prices rose across the board, signaling an excess of money in the money supply, would the government need to tax—not to fund the government but simply to keep supply (goods and services) in balance with demand (money).
Ruml’s vision is echoed today in the school of economic thought called Modern Monetary Theory (MMT). But after Roosevelt’s demise, it was not pursued. The U.S. government continued to fund itself with taxes; and when it failed to recover enough to pay its bills, it continued to borrow, putting itself in debt.
The Fed Agrees to Return the Interest
For its first half century, the Federal Reserve continued to pocket the interest on the money it issued and lent to the government. But in the 1960s, Wright Patman, Chairman of the House Banking and Currency Committee, pushed to have the Fed nationalized. To avoid that result, the Fed quietly agreed to rebate its profits to the U.S. Treasury.
In The Strange Case of Richard Milhous Nixon, published in 1973, Congressman Jerry Voorhis wrote of this concession:

It was done, quite obviously, as acknowledgment that the Federal Reserve Banks were acting on the one hand as a national bank of issue, creating the nation’s money, but on the other hand charging the nation interest on its own credit—which no true national bank of issue could conceivably, or with any show of justice, dare to do.

Rebating the interest to the Treasury was clearly a step in the right direction. But the central bank funded very little of the federal debt. Commercial banks held a large chunk of it; and as Voorhis observed, “[w]here the commercial banks are concerned, there is no such repayment of the people’s money.” Commercial banks did not rebate the interest they collected to the government, said Voorhis, although they also “‘buy’ the bonds with newly created demand deposit entries on their books—nothing more.”
Today the proportion of the federal debt held by the Federal Reserve has shot up, due to repeated rounds of “quantitative easing.” But the majority of the debt is still funded privately at interest, and most of the dollars funding it originated as “bank credit” created on the books of private banks.
Time for a New Populist Movement?
Road-DogThe Treasury’s website reports the amount of interest paid on the national debt each year, going back 26 years. At the end of 2013, the total for the previous 26 years came to about $9 trillion on a federal debt of $17.25 trillion. If the government had been borrowing from its own central bank interest-free during that period, the debt would have been reduced by more than half. And that was just the interest for 26 years. The federal debt has been accumulating ever since 1835, when Andrew Jackson paid it off and vetoed the Second U.S. Bank’s renewal; and all that time it has been accruing interest. If the government had been borrowing from its central bank all along, it might have had no federal debt at all today.
In 1977, Congress gave the Fed a dual mandate, not only to maintain the stability of the currency but to promote full employment.  The Fed got the mandate but not the tools, as discussed in my earlier article here.
It may be time for a new populist movement, one that demands that the power to issue money be returned to the government and the people it represents; and that the Federal Reserve be made a public utility, owned by the people and serving them. The firehose of cheap credit lavished on Wall Street needs to be re-directed to Main Street.
 Ellen Brown is an attorney, president of the Public Banking Institute, and author of twelve books including the bestselling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her blog articles are at EllenBrown.com. She is currently running for California State Treasurer on the Green Party ticket.
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“The ‘Dollar’ ends on 13th December 2013”. Will it indeed?
(Posted by Rique Seraphico).

Greetings:  This guy may be completely “NUTS” but then he may be completely “RIGHT”!  Use your discernment.

D~That is my retired Judge friend Dale’s opinion. I happen to believe there is far more TRUTH in this article than fiction !!!!!!!!!!!!!!! So YES !!!! Use Discernment but be on guard. Reader Gunny sends long missive:

“The ‘Dollar’ ends on 12/13/2013” –

Date: Saturday, 26-Oct-2013 14:12:19

Presented as received, please use discernment:~~~~~~~~~~~~~~~~~~~~~~~~~~

Dear Friends in the USA,
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Just a note to pass on MY observations, a reminder, and a warning.The “Dollar” ends on 12/13/2013. (more later) It is my opinion that nothing going on in DC makes sense the last 10 months, and the DISDAIN and Hatred for Americans shown to US by our “elected representatives” on BOTH sides has been palatable and punitive.  These people who are supposed to REPRESENT US don’t even act like they want to get “re-elected’ or even re-selected like they truly are.

The ObamaCare website mess and ” the National shutdown” make this painfully obvious.
Pelosi, Reid, Boehner, McCain and the rest on “Both sides” inflicted Billions of Dollars Damage on the American public for no reason whatsoever, and Laughed about it!

Hence, I have to make these observations:

1) The ObamaCare website, the NSA website and the “Utah Fusion Center” have a Terminal virus, and there is no doubt about it.  The fact they have contacted John McAfee (Norton Antivirus Founder) confirms this via association even though he is a legal fugitive from the law in the USA.  Microsoft, Google, Verizon, IBM and Intel want no part of fixing this “program”, or they would have already fixed it.

obamacare1Today, the NSA website, www.nsa.org, was offline and off server for over 15 hours and just came back online 10 minutes ago.  This virus is a variation of the Stuxnet Virus used by Rothschild agents against Iran’s nuclear facilities 6 years ago, and the Coolant control computers at Fukushima. The existence and deployment of this viral program was exposed by Eric Snowden well over 5 months ago.

2) The EBT shutdown in Louisiana was obviously a “dry-run” for a larger shutdown in the future. Sooner more likely than later in my opinion.  This same virus can shut down the EBT Computer system just as easily as the Government can by flipping a switch.

BTW, November 1st, 2013, all Food Stamp deposits reduce by 10% across the board Nationwide in the USA!

That is $20 to $30 per month GONE from every family food budget! I am sure some folks would RIOT over THAT alone if they actually read the letter they have already received!

3) BINGO – The 100 year charter for the Federal Reserve expires on 12/13/2013.

The “dollar” has indeed been depreciated 1% per year for each of those 100 years as planned from the start by the Rothschild Banksters. This is verified by their complete control of silver over the last 100 years. [NOTE: currently worth 3 cents based on 1960 silver prices.]

Example – In 1913, a silver dollar(1 oz) bought 10 loaves of bread.
Today that same 1oz. of silver at $23 buys THE SAME 10 loaves of bread.

Hmmm.But they DON’t control Gold, or EVERYONE else’s money anymore, so:
In 1913, 1oz. of gold was only $26, and today it is over $1300. That is over 200% DEPRECIATION of the DOLLAR as the GOLD never changed, ONLY the DOLLAR DID. (ON Purpose and Planned)

Guess What, the Rothschild’s did this and still control the USA, Britain, Israel and Saudi Arabia.Guess who STARTS ALL the WARS FOR PROFIT?

The USA, Britain, Saudi Arabia and Israel. Go Figure…

So, what does it all mean NOW? (In my opinion).

Well, the Banksters have to give us a “new dollar”(new money) or they have to keep using the one that is now officially worthless everywhere outside the USA.

**This is why other nations like China, Russia, Brazil, India and Iran are trading in THEIR money or Gold. They KNOW our dollar is WORTHLESS and do not WANT to use it!***Because I think the PTB HAVE TO replace the “dollar” on or by 12/13/2013, or face the problem of extending it’s charter, I believe that this scenario is about to play out right now, and this is my opinion and warning, and it is based on my belief that they really don’t need any of us anymore.

That we as humans and Americans are just “worthless feeders” and that all we do is “service” each other like one big “drive thru at Wendy’s”. They are almost correct, we really don’t “produce” much anymore if you think about it.

EBT Down4) The EBT system will crash before November 1st, or December 1st to avoid the $10.2 Billion cash deposit it NEEDS each month that fund it’s 47.68 Million recipients in the USA. They (CNN/FOX/MSNBC etc) will “blame” this crash on a “Cyber attack” from: (insert axis country)..

5) Within days if not hours of the EBT system going dark, the internet will be cut off as well within the USA. The internet has already gotten out of control and this is the perfect opportunity to end that experiment. The PTB will leave the TV and Cable on to broadcast their lies and pleas for “calm” while doing nothing but allowing the instantaneous imploding of every major metro area in the USA.

6) Within hours of the start of rioting, Martial Law will be declared, the BANKS CLOSED (to the delight of the banksters) and all media will be tightly censored to make sure that we all hear exactly the lies and excuses the PTB want us to hear until they cut the power off indefinitely.

7) When the cities have burned to the ground and the starving masses culled, say in 3-6 months, the “Feds” will invade the suburbs (as saviors) and the the Banksters will impose their NEW MONEY SYSTEM on the remaining population who have been starved and fought to complete submission.

(You and me, our kids, our friends, our neighbors, whomever is left..)It is my opinion that The Fed/Cabal is out of time(as planned), and this whole Obamacare/shutdown thing was a sideshow to buy them just a few more days or weeks.
But the “ending of the dollar” on 12/13/2013, the ramifications I believe are already in play.

(Whether you knew it or not)

Time to buckle up my friends.
Best Wishes,”Gunny”

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I really believe there will be peace in the streets instead of riots.  I guess that depends on your  mindset and actions. I for One see the world getting better.

Another article saying the dollar is dead!  I say $1 silver and $20 gold as a standard currency that will not change!

http://jhaines6.wordpress.com/2013/11/03/the-game-is-over-the-king-dollar-is-dead-a-lot-of-recent-history-tied-together-in-an-effort-to-make-some-sense-of-what-is-going-on-j/

JOIN I-OPEEN and Let’s prosper together.

You are the bank