Wednesday, January 20, 2010

Wars and central banks

What most people do not understand is the relationship between the Federal Reserve and war. The Federal Reserve is responsible for every economic difficulty that afflicts our nation. Without a Federal Reserve creating fiat paper currency out of thin air, an empire could not wage continuous war. There is no clearer proof than evaluating major U.S. military conflicts prior to 1913 versus after the creation of the Federal Reserve. Between 1791 and 1913 (122 years) the U.S. engaged in only four major conflicts:

* War of 1812
* Mexican-American War
* Civil War
* Spanish-American War

Only the War Between the States can be considered significant and it was fought solely on U.S. soil. The Federal Reserve was created in 1913 by bankers in collusion with politicians in Washington DC. This private central bank, run by a cartel of major banks, has encouraged politicians to wage war. Continuous conflict enriches bankers, as all the money used to wage war is borrowed from them. This may explain why between 1913 and 2010 (97 years) the U.S. has engaged in eleven significant foreign conflicts:

* World War I
* World War II
* Korean War
* Vietnam War
* Grenada Invasion
* Panama Invasion
* Gulf War
* Somalia
* Kosovo War
* Afghan War
* Iraq War

Above and beyond these actual conflicts, we engaged in a 46 year Cold War with the Soviet Union that involved funding opponents to communism, coups, and assassination of foreign leaders. This Cold War was used as an excuse to station troops in over a 100 foreign countries, creation of the military industrial complex and creation of a secret spy agency, the CIA. Conveniently, when the Cold War ended with the collapse of the Soviet Union, a new amorphous war was created by politicians and their bankers. The nebulous War on Terror has been exploited to create the Department of Homeland Security and passage of the Orwellian Patriot Act, which allows the government to violate Americans’ right to privacy in the name of National Security. The War on Terror is used as the reason for invading foreign countries and using predator drones to blow up whoever our leaders feel is a threat. The cost for the War on Terror thus far has been $2.3 TRILLION. There are trillions more to be wasted because you can never win a war on terror. Who benefits from a never ending war on terror? Every dime of the $2.3 trillion has been borrowed. The beneficiaries of debt are bankers, as they reap billions in profits and pay themselves millions in bonuses. The money that is loaned to the government is then paid to the companies that constitute the military industrial complex. These companies then buy the support of Congress for their new and improved killing machines. This encompasses the circle of death in Washington DC.
- James Quinn

2 comments:

  1. War is also an economic engine, a technological innovation driving force, a population growth control mechanism, etc.

    Don't blame the bankers alone. Think of defense contractors/manufacturers too.



    LN


    ReplyDelete
  2. LN, I wholeheartedly agree the military complex benefits from wars--financially and otherwise. And I would speculate a dollar invested in defense spending doesn't quite have the same multiplier effect to the GDP as a dollar spent in the manufacturing private sector. Best-case, armaments are merely stockpiled, never used to destroy people or property--it's dead inventory, unlike an IPhone which is frequently and pervasively used for many applications (including shopping and communicating). Worst-case, weapons ARE used to destroy people and property, which destroys GDP of other nations. National security implications aside, weaponry has marginal financial benefits in the best case, and negative financial characteristics in the worst case scenario.

    ReplyDelete