What's the Plan to Save America? - Part 4
This is Part 4 of my series on “What’s the Plan to Save America?” Please read Parts 1-3, if you haven’t yet, as each chapter builds on the previous.
What’s the Plan to Save America - Part One
What’s the Plan to Save America - Part Two
What’s the Plan to Save America - Part Three
What’s the Plan to Save America - Part Four
People throw around words like Federal debt, Federal deficit and the Federal Reserve - but frankly, I don’t think most of us understand what it really means, how it got that way, who is responsible, who we actually owe money to and how to fix it.
In order to fix a problem - first you have to understand it and define it. So let’s do that together.
The newborn US had roughly a 30% debt-to-GDP ratio and that has been the average over time.
Back then, the Continental Congress lacked the power to tax the people. It first tried to pay for stuff by printing money. This currency, known as the Continental, collapsed. The Continentals were intended to be an early form of fiat currency, which was not tied to a commodity like gold or silver.
Continentals were the paper currency issued by the Continental Congress in 1775 to help fund the American Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the fact that too many bills were printed.
You can see that wars and recessions always spike the debt of countries. Central banks LOVE wars and recessions and pandemics because they require nations to borrow lots and lots more money from them.
People try to blame President Trump for the debt we had to incur for COVID - but it was at historic levels well BEFORE that.
Look at the huge increase in debt/GDP that this country incurred from 1980-2015 - before COVID hit - due to the wars in the Persian Gulf, Iraq and Afghanistan and the recessions of 1980, 1987, 1990, 2001 and 2007.
G7 projections for debt/GDP in 2024 are as follows:
US: 134%
UK: 110%
Italy; 145%
France: 115%
Japan: 255%
Canada: 105%
Germany: 64%
Remember, the historic average for America of debt/GDP is 30%. So, America is NOT the only developed nation struggling with a high debt/GDP ratio. Why is this happening?
The US represents about 25% of the global economy - based on GDP. That’s HUGE.
America’s GDP is currently estimated at around $28.65 TRILLION for 2024 and our debt is estimated at roughly $35 TRILLION.
When we borrow money from the central bank and foreign creditors to fund our wars and our recessions and other catastrophes - we must pay interest on that debt. Just like we do in our own households.
Historically, America has paid roughly 1% of our debt on interest. Using today’s dollars - that would mean we should be paying about $286.5 BILLION in interest per year, RIGHT?
However, estimates are that our interest payments will skyrocket to 3.5% of GDP - or the equivalent of roughly $1 TRILLION per year in the next decade. Hmm. Who pockets ALL that interest? 40% of it goes to the Federal Reserve and foreign investors! How does that happen? It all started with the creation of the Federal Reserve in 1913.
The Federal Reserve basically created a CENTRAL BANK in America in 1913 that creates money out of nothing and makes perpetual interest on that debt!
Andrew Jackson warned us against this. So did JFK and President Trump.
According to the numbers I have analyzed - this is who we owe our debt to:
$35.1 TRILLION debt
Owed to:
42.1% - US Institutions & People - $14.78 TRILLION
18.3% - Federal Reserve - $6.42 TRILLION
8.9% - Social Security Trust Fund - $3.12 TRILLION
6.6% - Military/Civil Service Trust Fund - $2.31 TRILLION
24.1% - Foreign Investors - $8.45 TRILLION
So, of the current $35.1 TRILLION in debt - we owe $14.87 TRILLION - or 42% - of that to the Federal Reserve and foreign investors.
On top of that we have $104 TRILLION in unfunded Social Security and Medicare Costs for future expenses - for existing enrollees in the system. This is why they want to bring in so many illegals - because they think they will cover our social security costs for the future. Right - yet keep everything else the same? WON’T WORK.
Why does the most powerful country in the world owe so much money on interest and owe so much money to foreign countries? Because the Federal Reserve system set it up that way. Almost 40% of US debt is owed to foreign countries and the banksters behind the Federal Reserve. The Federal Reserve is not funded by congressional appropriations. Its operations are financed primarily from the interest earned on the securities it owns. Let’s review.
As I reported earlier, in 1832, President Andrew Jackson led a successful effort by Congress to retake control of America's money supply by refusing to renew the charter for the Second CENTRAL Bank of America. Not until 1913 would the Globalist banksters be able to set up their third central bank in America - modeled after the Bank of England.
In 1875, Jacob Schiff, at the banking house of Kuhn, Loeb, and Co., financed John D. Rockefeller's Standard Oil Company, Edward H. Harriman's railroad empire, Andrew Carnegie's steel empire and helped J.P. Morgan and the Drexels and Biddles of Philadelphia establish European branches of their respective banks in New York.
In 1913, all these banking competitors, plus the Rothschilds, joined forces as an international banking cartel to establish another central bank in America - called the Federal Reserve Bank - and undo what Andrew Jackson had done. The Federal Reserve coordinates with other central banks around the globe and they literally operate as an international cartel.
In November 1910, six men – Nelson Aldrich, A. Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg – met at the exclusive Jekyll Island Club, off the coast of Georgia, to write a plan to reform America’s banking system. The meeting and its purpose were closely guarded secrets. The plan written on Jekyll Island laid a foundation for what would eventually be the Federal Reserve Bank.
Aldrich and Davison chose the attendees and went to great lengths to keep the meeting secret. They pretended they were all going duck hunting and told the men to come one at a time to a train terminal in New Jersey, where they could board his private train car. Once aboard, the men used only first names – Nelson, Harry, Frank, Paul, Piatt, and Arthur – to prevent the staff from learning their identities. For decades after, the group referred to themselves as the “First Name Club.”
This small group of individuals, representing over 25% of the world’s wealth, met and gathered on a small island off the coast of Georgia to create the blueprint for the Federal Reserve. B.C. Forbes learned about the Jekyll Island trip and wrote about it several years later in 1916 in an article published in Leslie’s Weekly on October 19, 1916.
In a book called The Creature from Jekyll Island, author G. Edward Griffin argued that the Federal Reserve is a dangerous private corporation that creates money from nothing, creates inflation, charges perpetual interest on nothing, promotes war and is a tool for Globalist totalitarianism. Griffin said that they chose the name FEDERAL RESERVE BANK for America’s central bank because they wanted people to think it was a Government institution, was reserving something or saving something and was a bank. Griffin says it is none of those things. Instead, it is one of the biggest scams every played on America.
GRIFFIN: What did we get with the Federal Reserve? We got a corporation, chartered by Congress, which was given an exclusive franchise to create the nation's money. We got a mechanism where Congress can raise taxes as high as they want, through inflation, without the American people even knowing they are paying. and we got a mechanism where the banks can earn perpetual interest on NOTHING.
The payoff of the Federal Reserve on the Government side is that they can tax people - inflation is a tax - a hidden tax - without them knowing. On the banking cartel side is that they can collect INTEREST on NOTHING forever.
GRIFFIN: The Federal Reserve is one of the greatest scams in all history. The Federal Reserve needs to be abolished for seven reasons:
1) The Federal Reserve is incapable of accomplishing its stated objectives.
2) It is a cartel operating against the public interest.
3) It is the supreme instrument of usury.
4) It generates our most unfair tax.
5) It encourages war.
6) It destabilizes the economy.
7) It is an instrument of totalitarianism.
GRIFFIN: This partnership between Government and the banks called the Federal Reserve was not new in banking. It was created in Europe in the 16th century and perfected with the Bank of England in 1694. They called this partnership THE CENTRAL BANK.
Why? The Kings of Europe discovered that they could raise taxes of their subjects only so far before they would revolt. 43% was the maximum they could tax people before they faced revolution. However, once they mastered the central bank inflation scam and set up the apparatus - they could take up to 80% of what the people produced and they didn't even know it.
The American Congress didn't want a central bank in 1913 - because that's what they had in Europe - so the cartel decided to call the central bank of America something different - the FEDERAL RESERVE. They used the word FEDERAL to make it sound like a Government operation. They used the word RESERVE to make it sound like it was SAVING something. They did this to SELL THE AMERICAN PEOPLE ON THE SCAM.
They put Federal Reserve buildings around the country to make the locals think it was there to SERVE the little people out in the sticks, too.
People say the Federal Reserve should be audited. Why? They are doing exactly what they set out to do. Scam the American people. The Federal Reserve needs to be abolished.
The Federal Reserve should be abolished because it is incapable of accomplishing its stated objectives, operates for private interests and functions as a fiat money system. Through its mechanism of creating money from nothing, it generates our most unfair tax called inflation, encourages war and ultimately acts as an instrument for totalitarianism.
Fractional and fiat money systems always degenerate into economic chaos. The Federal Reserve has given the most powerful families in society a formidable tool in their manipulation of geopolitics. Throughout the last 400 years, powerful families have played both sides of war for their own financial gain.
The Federal Reserve plays an important role in the push for a New World Order and global socialism. Through the IMF and World Bank, development loans and the growing footprint of the UN, there is a conscious long-term effort to move towards a world fiat CBDC currency (under IMF/World Bank framework) and a world government (under the UN framework).
Throughout the book, Griffin makes the case for seven reasons to abolish the Federal Reserve.
Reason 1: It is incapable of accomplishing its stated objectives. Griffin suggests this is exemplified by the failure of the Federal Reserve to achieve economic stability since 1913.
Reason 2: It is not a protector of the public, but an international banking cartel operating against the public interest. As is the nature of a cartel, its design ensures that the public always bears the cost. The unstated primary objective of the cartel is to use the government to transfer responsibility for losses from banks to taxpayers. The “for-the-public-good” argument could make banks “too big to fail”.
“We must not forget the phrase “lender of last resort” means that the money is created out of nothing resulting in the confiscation of wealth through inflation.”
Reason 3: It is the supreme system of usury. Usury is the charging of interest on a loan of fiat money. This distorts a true process of lending as it depends on the creation of debt and money from nothing.
Reason 4: It generates our most unfair tax (inflation). Through the creation of government debt and issuance of money from nothing, the Federal Reserve debases the US dollar and creates inflation in the economy.
Reason 5: It encourages war. The fiat monetary system of the Federal Reserve funded World War I, World War II, the Korean War and Vietnam War [and the wars in the Persian Gulf, Iraq and Afghanistan and now in Ukraine & Israel.] Similarly, the Bank of England’s creation funded wars since 1694. Most of these wars would have either not occurred at all, or greatly reduced in severity, without the system of fiat money.
GRIFFIN: “It is the ability of governments to acquire money without direct taxation that makes modern warfare possible, and a central bank has become the preferred method of accomplishing that.”
Reason 6: It destabilizes the economy. The central banking system has led to a record of boom and bust, inflation, bank failure, and currency collapse. Fed policies led to the Great Depression, with a spiral of monetary expansion and contraction leading to a final bubble.
GRIFFIN: “As long as men are given the power to tinker with the money supply, they will strive to circumvent the natural laws of supply and demand.”
Reason 7: It is an instrument of totalitarianism. The chain of events that leads to global government and socialism starts with the Federal Reserve and fiat monetary system. Fiat money leads to government debt, which leads to inflation, which destroys economies, and provides the excuse for escalating government power and ultimately, totalitarianism.
The US dollar and just about every national currency are now fiat money systems via CENTRAL BANKS. Fiat money systems always fail. They operate by using what Griffin calls the “Mandrake mechanism.”
The Mandrake mechanism describes the process by which a CENTRAL BANK like the Federal Reserve turns debt into money. It is a chain of events that results in an overall expansion of money supply (money backed by nothing). The cycle is exacerbated by the fractional reserve ratios operated by commercial banks. Ultimately, it leads to greater and greater boom and bust cycles.
The New World Order has played both sides of war for financial gain for centuries and CENTRAL BANKS have enabled this.
To ensure governments maintain and expand debt, it must therefore be involved in war or other crisis of similar magnitude. By financing the enemy, a credible threat of war can be created from another side.
Governments that decline to finance war through debt are eliminated by financing opposition and revolution. To sustain this process, both sides are financed to ensure the perpetual threat of war. Some longstanding players and families have been at the heart of the financing and orchestration of this chaos - all of whom were represented at the meeting in 1910 at Jekyll Island to form the Federal Reserve.
The ultimate goal of the Federal Reserve, other central banks, the IMF and the World Bank is one-world socialism and a one-world currency with the IMF as the global central bank.
GRIFFIN: “Money, whether it is digital money, whether it is currency on paper, gold or silver — it has to be outside of the control of the New World Order and the only way it can be outside of that control in my view is if it’s a hard tangible thing - something people have made with their own effort. Gold and silver happen to be that thing that societies throughout history have always selected…there’s a reason for that.
When you talk about a cryptocurrency that is backed by hard assets, it rings a good solid bell with me, maybe even a silver bell.”
In other words, Griffin believes that crypto, backed by hard assets, can be used to circumvent a Globalist CBDC and fight back against the totalitarian schemes of the Central Banks.
One thing I didn’t mention before is that Andrew Jackson (President Trump’s hero) is the only President in history to get rid of the Central Bank in America and pay off America’s debt. In fact, his strategies generated SO MUCH MONEY that we didn’t know what to do with it all!
President Jackson warned about the dangers of a CENTRAL BANK. They tried to murder him for that. President JFK also warned about the dangers of the FEDERAL RESERVE central bank and he paid for that with his life. They also just tried to murder President Trump - likely for his plan to do the same.
The ONLY way to tackle the debt elephant is to take ONE BITE at a TIME - like Andrew Jackson did.
I believe President Trump has gathered together a TEAM OF RIVALS to do just that - using AI, Bitcoin, precious metals and America First revenue-generating strategies to explode our GDP, pay off our debt, save the dollar, compete with China and get out from under the debt slavery of the New World Order. How will they do that specifically and what will it mean for the average American family? I’ll explain that in Part 5.