Thomas Jefferson said that if he could add one more amendment to the U.S. Constitution it would be a ban on all government borrowing….
"I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing."HE WAS AFRAID FUTURE GENERATIONS WOULD BE SLAVES TO DEBT.
HE WAS RIGHT!
WE ARE....SINCE 1913.
REUTERS POSTED ONE SHORT ARTICLE ON MAY 4, 2016 ABOUT THE CYBERATTACK ON THE CENTRAL BANK OF GREECE BY THE GROUP "ANONYMOUS".
'FORTUNE' PICKED THAT UP AND ADDED, "Indeed, an apparent Anonymous member said in a video posted to YouTube that members of the hacking collective have decided to attack “central bank sites across the world.” While the video didn’t say which bank websites would be attacked, it was noted that the campaign would last 30 days.
THE VIDEO CALLS OTHERS "TO ARMS":
“This is a call to arms, brothers, who for too long have stood for nothing but have criticized everything,” Anonymous says in the video.
“Stand now, behind the banner of free men against the tyrannical matrix of institutions that oppose us.
Take your weapons and aim them at the Global Banking Cartel.
This is the operation to end all others.
In the beginning some people may stand to lose something from this, but the powers that be stand to lose much more. Bring the rain, brothers!”
IBTIMES (INTERNATIONAL BUSINESS TIMES) WROTE:
"Operation Icarus: Anonymous to attack stock markets and world banks in 30-day cyber assault.
FROM ANON: "We will be giving many tools to each and every 'Anon' all over the world, and we will be holding down PayPal, MasterCard, VISA, NASDAQ, Bank for International Settlements, all central banks, IMF, London Stock Exchange, and every major banking system will be targeted by Anonymous."
The news comes after hackers successfully disrupted the website of the Greek central bank by using a distributed-denial-of-service (DDoS) cyberattack. This method is frequently deployed by hackers and used to overwhelm a web server with traffic in order to knock it offline. The motivation, according to the hackers responsible, was to protest alleged corruption in the global banking system.
Alongside the hacking operations, a Twitter account purporting to be related to the cyberattacks has been posting regular updates.
In one post roughly 24 hours after the Greek central bank takedown, the hacktivists documented using a DDoS attack against the central bank of the Dominican Republic.
The group claimed to have taken the website down for an entire day however, at the time of writing, the website is online and functioning.
Last year, it was heavily speculated that Anonymous-affiliated hackers were involved in the disruption of the New York Stock Exchange after it mysteriously went offline for three hours on the morning of 8 June."
THEN, AS OF MAY 15, FIVE MORE BANKS WERE 'HIT':
"The hacktivists have taken full advantage of Saturday and conducted a series of 250 Gbps DDoS attacks on the bank of France, Central bank of the United Arab Emirates, Central Bank of Tunisia, Central Bank of Trinidad and Tobago and Philippine National Bank.
The websites of all targeted banks were forced to stay offline for hours but the bank of France was targeted twice in one day while the Philippine National Bank was targeted by Anonymous who told HackRead that the reason for targeting national bank website is to show their support for the hacker arrested by Philippine authorities last month for hacking the official website of the country’s election commission (COMELEC) and leaking entire voters’ database online.
OpIcarus was relaunched in March 2016, however, it gained popularity recently.
Since the relaunch, Anonymous and 'Ghost Squad' have conducted some massive DDoS attacks on banking and financial institutions worldwide.
The previously targeted websites included Central Bank of Jordan, Central bank of South Korea and Bank of Compagnie, Monegasque, Central Bank of Montenegro, the bank of Greece, the central bank of Cyprus, Dutch Central Bank, Central Bank of Guernsey and Maldives Monetary Authority (Central bank and banking regulator), Central Bank of Bosnia and Herzegovina.
To read HackRead’s previous coverage on OpIcarus click here.
WHY CALL IT OPERATION ICARUS?
"According to the Greek myth, Icarus was the young man who flew too close to the sun with wings made of feathers and wax.
His father warned him, but he did it anyway.
The wax melted and he fell into the sea.
But more importantly, the myth also illustrates why he did it.
Many of the Greek myths had classic themes.
In this case, the theme was centered on hubris.
The word hubris means extreme foolishness, pride and arrogance.
Now things become more clear.
Most people know what Anonymous normally does to organizations in their crosshairs.
Their victims are often taken offline for a period of time, their defenses are breached, and their data is released online.
The victims frequently make the headlines, and some of the headlines can be rather embarrassing.
This is what Anonymous does.
As of May 17, reports have shown that the Bank of Greece, the Central Bank of the Dominican Republic, the Guernsey Financial Services Commission, the Central Bank of Maldives, the Dutch Central Bank, the National Bank of Panama, the Central Bank of Kenya, the Central Bank of Mexico, and the Central Bank of Bosnia and Herzegovina, have experienced DDoS attacks, since the beginning of May."
[ADD Central Bank of Jordan, Central bank of South Korea and Bank of Compagnie, Monegasque, Central Bank of Montenegro, the central bank of Cyprus, Central bank of the United Arab Emirates, Central Bank of Tunisia, Central Bank of Trinidad and Tobago and Philippine National Bank.]
WHILE IT IS DOUBTFUL THIS WILL HAVE ANY LARGE OR LASTING EFFECTS ON THOSE ATTACKED, IT SHOULD AT LEAST SHINE A LIGHT ON THE PROBLEMS CREATED BY THE GLOBAL BANKING CARTEL.
Most Americans do not understand what the Federal Reserve is or why it is at the heart of our economic problems.
When Americans get into discussions about the economy, most of them still blame either the Democrats or the Republicans for inflation, for the housing crash, for our rampant unemployment and for the national debt.
But the truth is that the institution with the most power over our economic system is the Federal Reserve, the "Central Banks", International PRIVATE BANKERS, collectively called a "Banking Cartel".
The following are 19 reasons why the Federal Reserve/Central Banks are at the very heart of our economic problems….
#1 The Federal Reserve system is a debt-based financial system.
[IT WAS CREATED TO ENSLAVE ENTIRE NATIONS AND THEIR PEOPLE.]
The way our system is designed, normally no money comes into existence without more debt being created.
But this creates a huge problem, because when a new dollar is created, the interest owed to the banking system on that dollar is not also created at the same time.
Therefore, the amount money that is created is not equal to the larger amount of debt that is also created.
This is a Ponzi scheme that is designed to drain wealth from the American people and transfer it to the banking system.
#2 The Federal Reserve and the bankers have a monopoly on the creation of this debt-based money.
In the United States today, the only people that can create money are the bankers.
You cannot create money.
You would go to jail if you tried.
Even the U.S. government cannot create money.
Although the U.S. Constitution specifically gives Congress the power to create money, the U.S. Congress has given that power to the Federal Reserve and to the banking system.
As I have written about previously, the way our system is designed is that all money is supposed to originally come into existence as government debt.
But the important part to take away from all this is that normally money is only created when debt is created, and the amount of debt to be paid back is always larger than the amount of money created.
#3 The power of money creation and debt creation is in the hands of private individuals – not the government.
The Federal Reserve claims that it is an “entity within the government, having both public purposes and private aspects.”
That sounds so reasonable, but the truth is that the Federal Reserve is a legalized banking cartel that is privately-owned.
In fact, the Federal Reserve is about as “federal” as Federal Express is.
#4 The Federal Reserve itself is not much of a profit-making institution. Rather, it is a tool that enables others to make obscene amounts of money.
There are many who think of the Federal Reserve as an evil profit-making machine.
But the truth is that the Fed doesn’t make that much money.
Rather, the system was set up so that others could make an obscene amount of money from U.S. government debt.
This is where the magic of the Federal Reserve system is.
It is in getting the U.S. government enslaved to debt and using that debt to transfer hundreds of billions of dollars of our wealth into the hands of others.
As interest rates go up, this phenomenon is going to become even more brutal. Right now it is being projected that the U.S. government will be paying 900 billion dollars just in interest on the national debt by the year 2019.
As you fill out your tax return this year, just keep in mind that vast quantities of our money is going to pay interest on debt that the U.S. government never needed to become enslaved to.
#5 The Federal Reserve is a perpetual debt machine.
As mentioned above, the U.S. government is enslaved to debt.
So how did it get enslaved?
Well, instead of printing up and spending the money that it needs, the U.S. government borrows it through the Federal Reserve system at interest.
In fact, as noted above, the U.S. government cannot create a single new dollar without borrowing it.
But each new dollar that the U.S. government borrows creates more than a dollar of new debt.
As a result, the government eventually has to collect more in taxes than what it has borrowed.
This phenomenon creates an endless debt spiral.
If the Federal Reserve had never been created, and the U.S. government had been issuing debt-free currency all this time, it is entirely conceivable that we would have absolutely no federal government debt at this point.
Unfortunately, we are now trapped in a debt-based system.
#6 The Federal Reserve system is designed to cause inflation.
As U.S. government debt expands at an exponential pace, it inevitably causes inflation.
Most Americans believe that inflation is a fact of life, but the truth is that the United States has only had a major, ongoing problem with inflation since the Federal Reserve was created back in 1913.
Sadly, the U.S. dollar has lost well over 95 percent of its value since the Federal Reserve was created.
If the Federal Reserve did not exist, it is theoretically conceivable that we could have an economy with little to no inflation.
#7 The Federal Reserve has decided to play bizarre games with our money supply.
In a desperate attempt to revive the dying U.S. economy, the Federal Reserve has resorted to chucking [FRESHLY PRINTED, WORTHLESS] gigantic quantities of cash into the financial system.
Remember how earlier I explained that normally whenever new money is created that more debt is created?
Well, lately the Fed has been resorting to a trick called “quantitative easing”.
What “quantitative easing” means is that the Federal Reserve zaps massive amounts of money into existence out of thin air and starts spending it on anything that it wants to buy.
Lately, this has primarily been done to buy up U.S. government debt.
But isn’t that “monetizing the debt”?
Of course it is, and it is a blatant Ponzi scheme.
#8 The Federal Reserve is undemocratic.
Unelected elitists run the economy and make important economic decisions for the rest of us.
WE HAVE NO SAY-SO, NO VOTE IN THIS, MAKING THE WHOLE THING COMPLETELY UNDEMOCRATIC.
#9 The Federal Reserve COMPLETELY runs the U.S. economy.
[THIS IS 100% CONTRARY TO WHAT THE CONSTITUTION ESTABLISHED.]
Most Americans want to blame Obama or Bush or the U.S. Congress for the state of the economy.
But the truth is that it is the Federal Reserve that sets interest rates, it is the Federal Reserve that determines the money supply, it is the Federal Reserve that sets the “target rate” of inflation, it is the Federal Reserve that determines if unemployment is too high or too low and it is the Federal Reserve that rules over ALL of our banks.
NOBODY, NO GROUP, NO FEDERAL AGENCY has the direct power over the economy that the Federal Reserve does.
#10 The Federal Reserve favors the big banks.
Not all financial institutions are treated equally by the Fed.
The truth is that the big banks (particularly those on Wall Street) are treated with great favor by the Federal Reserve.
If the Federal Reserve did not exist, the big Wall Street banks would not have such an overwhelming advantage.
Most Americans simply have no idea that over the last several years the Federal Reserve has been giving gigantic piles of nearly interest-free money to the big Wall Street banks which they turned right around and started lending to the federal government at a much higher rate of return.
In fact, it has come out that the Federal Reserve made over $9 trillion in overnight loans to major banks, large financial institutions and other “friends” during the financial crisis of 2008 and 2009.
When “small enough to fail” banks need assistance, they are usually told to go sell themselves to one of the big banks.
#11 The worse the debt problems caused by the Federal Reserve become, the more money the IRS needs to collect from the rest of us.
If the U.S. government could issue debt-free money, it is conceivable that we would not even need the IRS.
You doubt this?
Well, the truth is that the United States did just fine for well over a hundred years without a national income tax.
But about the same time the Federal Reserve was created a national income tax was instituted as well.
The whole idea was that the wealth of the American people would be transferred to the U.S. government by force and then transferred into the hands of the ultra-wealthy in the form of interest payments.
If the Federal Reserve was shut down, it is entirely possible that we would be able to shut down the IRS as well.
#12 The Federal Reserve creates artificial financial bubbles.
When you look back over the last several decades, you will find financial bubble after financial bubble.
So who created all of those bubbles?
Look at the above facts.
It was the Federal Reserve.
#13 The Federal Reserve is anti-free market.
In a true free market system, the marketplace would determine what interest rates are.
In a true free market system, the marketplace would determine which financial institutions survive.
In a true free market system, artificial financial bubbles would be far less likely.
But we don’t have a true free market system.
#14 The Federal Reserve tells the rest of the our banks what to do.
Most Americans don’t understand just how much power the Federal Reserve actually has over our local banks.
For example, just last year Federal Reserve officials walked into one bank in Oklahoma and demanded that they take down all the Bible verses and all the Christmas buttons that the bank had been displaying.
[IF THE FED DECIDES A BANK MUST CLOSE ITS DOORS, THAT'S WHAT HAPPENS.]
#15 The people currently running the Federal Reserve pretty much have no idea what they are doing.
In case anyone has not noticed, Federal Reserve Chairman Ben Bernanke had a very long track record of incompetence.
Nearly every major judgment that he made wasdead wrong.
If one of us could go down the street and appoint the manager of the local Dairy Queen as the Chairman of the Federal Reserve, it is very doubtful that person would do a worse job.
#16 Even though the Federal Reserve has such extraordinary power over the financial system, the American people are not permitted to examine their books.
The Federal Reserve claims that they are regularly audited, but when some members of Congress attempted to push through a true comprehensive audit of the Fed last year Federal Reserve officials threw a hissy fit.
The truth is that the Federal Reserve has never undergone a true comprehensive audit since it was created back in 1913.
WHAT ON EARTH COULD THEY BE HIDING FOR OVER 100 YEARS?
ANYTHING THEY PLEASED.
#17 The Federal Reserve has way too much power.
If the Federal Reserve did not exist, we would not have an unelected, unaccountable “fourth branch of government” running around that has gotten completely and totally out of control.
Even some members of Congress are now openly complaining about how much power the Fed has.
The Federal Reserve is now more powerful than Congress.
YET THEY DO NOTHING TO CHANGE IT.
#18 The Federal Reserve is dominated by Wall Street and the New York banks.
The New York representative is the only permanent member of the Federal Open Market Committee, while other regional banks rotate in 2 and 3 year intervals.
The former head of the New York Fed, Timothy Geithner, was made U.S. Treasury Secretary.
The truth is that the Federal Reserve Bank of New York has always been the most important of the regional Fed banks by far, and in turn the Federal Reserve Bank of New York has always been dominated by Wall Street and the major New York banks.
The cold, hard reality of the matter is that the Federal Reserve is just another one of the tools that the Wall Street banking elite use to dominate all the rest of us.
#19 The Federal Reserve has brought us to the brink of economic collapse.
[ACTUALLY, SOME IN CONGRESS AND MANY FINANCIAL EXPERTS SHOWED THAT THE FED WAS COMPLETELY RESPONSIBLE FOR THE 'GREAT DEPRESSION', AND MANY ARE POINTING TO THE SIMILARITIES OF THAT PERIOD AND WHERE WE ARE TODAY....HEADING TOWARD A WORSE ECONOMIC DISASTER THAN THE GREAT DEPRESSION.]
If the Federal Reserve had never been created, the American people would not be so enslaved to debt.
At the very core of our economic problems is debt.
American consumers are swamped with debt, state and local governments are facing horrific debt problems from coast to coast and the federal government has piled up the biggest mountain of debt in the history of the world.
We are living in an absolutely massive debt bubble, and when it bursts the world is going to experience financial chaos like it has never seen before.
Things did not have to turn out this way.
We did not have to adopt a debt-based financial system.
We did not have to allow the bankers to enslave us with debt.
But that is what happened.
Sadly, most Americans and the vast majority of our politicians are still clueless about these issues.
In 1922, Henry Ford wrote the following….
“The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.”MAYBE ANONYMOUS REMEMBERS WHAT JEFFERSON AND FORD WROTE, REMEMBER HOW OUR LEADERS OF 1913 LIED TO US WHEN THE FED WAS CREATED IN SECRET.
MAYBE THAT'S WHY THEY WANT TO TAKE DOWN THE CENTRAL BANKS.
I WISH THEM EVERY SUCCESS.