Economic Crisis

[Fred]

Please be kind because I wrote this as recently as a student. I am trying to contribute and show my passion for the movement. I think more education of the problems and what Occupy Wall Street stands for is necessary for growth of the movement. Looking at Gandhi and MLK, we need to show massive civil disobedience peacefully until we agitate the politicians to make change. After the time is right, we need to take our money from the banks so that we can hurt their pockets and get attention. The banks can't refund all of our money as they are borrowing it to gamble on Wall Street. Here is a research paper that I put my heart into.

Economic Crisis
A crime is an act or the commission of an act that is forbidden or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law. (Merriam-Webster, 2011).Let's see what crimes are the causes of the current economic collapse globally. The effects of the 2008 economic crisis left many to wonder what caused it. Unemployment grew from 5% to 10% rapidly since September of 2008. It has remained steady till now leaving shock and a bit of panic globally. The American economy imploded leaving some companies to downsize or close indefinitely. While absorbing the shrinking of the national standard of living, I still couldn't piece together why the economy had receded and become stagnant. It was frustrating to hear remedies from our politicians. Democrats explained the need for more jobs and give extended unemployment benefits to stimulate the economy. The Republicans said America's unemployed need to stop being lazy and work those minimum wage jobs or get skilled. Although it is true that most unemployed Americans were not holding college degrees, yet degree holders can't find decent jobs like before the economic massacre. I believed that big corporations were too greedy for profit that they were shipping American livelihoods along with those jobs across the ocean with no remorse. Moving jobs overseas seemed to be the root of the problem back in 2008. Even though it wasn't the entire problem, it was contributing with the decline of our high standard of living. I discovered that it was just the tip of the iceberg. In fact, the conception of Nafta began with President George H. W. Bush, Canada, and Mexico. I recalled President Bill Clinton getting credit for signing Nafta. While it enables companies to move a portion of their business abroad to remain competitive in the global market, it also removes jobs from America. That had me bouncing back and forth on the political plans to fix our economics. After blaming Republicans for giving the upper class tax breaks and pointing fingers at Democrats for going over national budget, I realized that I had to learn why both the Democrats and Republicans were letting our country's economy decay on their watch. Only after researching history, economics, and politics did everything make sense. It turns out the U.S. economic crisis is a result of the central banking system, Constitution, and political system which should be crimes.
The central banking system in the U.S. is known as the Federal Reserve, yet they are not part of our government. They are made up of privatized European investors who are now citizens of the United States as of present date. Their current official representative is Ben Bernanke who answered the question. Who was responsible for the Great Depression of 1929 - 1939? Mr. Bernanke replies, "...Let me end my talk by abusing slightly my status as an official...Your right, we did it. We're very sorry. But thanks to you, we won't do it again...(Bernanke, 2000). No trial or punishment was given to the Federal Reserve for so much American suffering during the Great Depression. Many small banks, business, and Americans were severely suffering. The economy was destroyed and the Federal Reserve said that it was not their fault. Right before the Great Depression, the Federal Reserve said they would stop little banks from failing to prevent a depression. The Federal Reserve's main function is to monitor and adjust accordingly to the market. While they had the authority and knowledge, the effects of the mishandling of our nations economics allowed banks to weaken. The contractions in the market imploded our economy. Approximately in the middle of the Great depression, President Franklin Delano Roosevelt signed an Executive Order 6102 in 1933 demanding all citizens turn over the gold to the government. People who were goldsmiths obviously got to keep their gold, but had to register it. Everyone else had to turn in their gold in exchange for certificates or else risk punishment. There were fines up to$10,000 and up to 10 years of jail for hoarding gold. Basic economics teaches gold as the most trustworthy precious metal. It has held its worth from the beginning of time. It was used for trade right after bartering. Another fact is that gold goes up in value over time. In 2007gold was $700 for an ounce. In 2011, one ounce is worth $1800. Today if we look at paper money, it reads that is backed by a legal tender. That means there is no equivalent amount of gold bars sitting in vaults anymore. We have more than 14 trillion dollars in debt. All the gold on the planet is not worth our U.S. debt. The inflation in the United States is caused by the Federal Reserve. They magically reduce economic instability with devaluing the dollar. That means we lose a higher standard of living. Food, clothing, gas, some taxes, entertainment, cars, and etc. are getting more costly while your wages remain the same. Another way to put it, my great aunt went through the Great Depression without having kids or ever buying a car. She had a garden for most of her summer produce and jarred the extras for the winter. She also kept her money earned from my uncle's Post office job under her mattress literally. When I came over to visit, she sent me on errands to the grocery store. She insisted that she pay and handed over $20. I used to think the money was counterfeit because the ink was blue instead of green as we are used to seeing these days. The manager of Jewels came to inspect the money and said it was fine after reading the money was backed by silver. (Vera, 2001). Today I realize that my great aunt's money is worth much less from inflation. According to a cost of living calculator, $20 dollars in 2009 was worth $1.25 in 1934. (LAMartin, 2011). If my great aunt and uncle knew basic economics like our generation does, they wouldn't have saved all their money in a mattress to be virtually worthless today. My great aunt and uncle could have been a millionaire if they invested in gold. Taking away the peoples gold and replacing it with degenerative valued paper notes should be a crime of fraud. Because of this fraud caused by the central banking ideology, U.S.A has experienced many collapses in our history. They take debt and our money and gamble them on Wall Street. If they do well, then the banks and our government make profits and growth. If Wall Street fails, then we go into a recession. The central banks have been troublesome for many people around the world and in our country. Some of these people were not only citizens, but our presidents. They criticized and even tried to abolish the central banking system. President Jackson stated to President Adams and the Central banking supporters, "Gentlemen, I have had men watching you and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves." (Jackson, 1829). President Jackson paid off our entire national debt in his term. Afterwards, there was a 5 year depression. The central banks withdrew all the government funds leaving our country with inflation and high unemployment. Another hater of the Central banks was President Garfield who stated, "Whoever controls the money of a nation, controls that nation and is absolute master of all industry and commerce. When you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." (Garfield, 1881). President Garfield denounced the Central Banks and was considered a good economist, but he only served as president for 100 days before being assassinated by a lawyer. While there are many other presidents and leaders of distant countries who hated the Central Banks, we are not completely owned by them. We only have $14 trillion more dollars to go. We have a public voice which is our last power in the Constitution. The central banks claim to help countries grow, but their track records tell otherwise. The common citizens and even Presidents of our past complained of the slavery to the banks. It's time to see where the Federal Reserve gets its rights from our Constitution.
The Constitution is the supreme law of the Unites States. It consists of the statement of purpose, legislative power, executive power, judicial power, state powers and limits, amendments, federal power, and ratification. The laws are clear on who should be in control of our money. Article 1, section 10 states that, "...No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts..."(U.S. Const. art. I, § 3). The Federal Reserve does not use gold or silver. More importantly, they are "...privately owned and locally controlled corporations."(Lewis vs. U.S., 680F. 2d 1239, 1241). This makes the Federal Reserve illegal based on the Constitution. Another unconstitutional law is the IRS. Everyone in the United States is expected to pay income taxes, but there is no written law. Even if you accept the law, only government workers and corporations are mentioned in the law. It is interesting that judges are excluded from paying taxes and since everyone else might not work for the government or be a corporation, they don't have to pay taxes. It is voluntary and still punishable making the law fraudulent. If the Supreme courts ever ruled in favor the people being unlawfully taxed, then there would be lawsuits and compensations for the people. The Supreme Court did rule that income tax is legal. If you decide to not pay income tax you might find it hard to find a job since you need to use your social security number. It is also true that we enjoy lots of benefits from taxes like Financial Aid for college. Free medical care for our young, old, disabled, and unemployed citizens is another tax benefit. Some people ask if the IRS is part of the U.S. Department of Treasury. It appears that the IRS works under the Federal Alcohol Administration. The FAA was declared unconstitutional by the Supreme Court. (U.S. vs. Constantine, 296 U.S. 287, 1935). In other words, because the FAA in Puerto Rico is unconstitutional, then so is the IRS. If lawmakers were purely going by the constitution, then we would have less conspiracies of being defrauded by our country's government. Now it's getting clearer that banking then unconstitutional laws are pointing at a broken political system.
Our current political system caters to some people being above the law. Giant corporations like the Federal Reserve monopolize and defraud our country while Blackwater can murder with no consequences. Evidence is in the creation of laws to help a business gain more profit at the expense of the public. The infamous Blackwater mercenaries were contracted to fight in Iraq. The Army, Marines, and Air force are supposed to be looking for weapons of mass destruction and fighting terrorists. We already killed the alleged September 11, 2001 terrorist Osama Bin Laden which was the purpose of the war. Another terrorist was Saddam Hussein for his owning of weapons of mass destruction. He was captured and hung to death. Then the war continued on and many reports of Americans killing Iraqis surfaced. Black water has created its own footage that is getting harder to find for legal reasons. They were accused of shooting innocent Iraqi civilians. There are witnesses that claim Blackwater gunned down and threw grenades on other innocent civilians. Blackwater claims they were being attacked by enemies. Here is a link that survived. http://video.google.com/videoplay?docid ... 4471592594. There used to be many videos of Blackwater shooting innocent civilians all over the web but this appears to be the last. The videos tell a different story of the mercenaries. Although the soldiers for hire are shown killing innocent civilians on their own video, the courts found no evidence against them. It is not surprising that Blackwater has changed its name to Xe Corporation and is still in business to kill. The purpose of hired U.S. mercenaries in foreign countries generates a lot of questions; one possible reason for mercenaries is for security. Sniping insurgents from building and having helicopter support to shoot at enemy strongholds don't sound like security. U.S. hired mercenaries and the Central Banking system in the U.S. are above the law. They also have laws that don't pertain to them. For example, they can't monopolize because of the Sherman Antitrust Act, yet they have wiped out the gold standard. Our money is what is being monopolized. I thought our country was supporting free markets and competition. Banks should be fighting to get the lowest rates to us because their competition has a similar one. Not having competition allows for high interest rates and complete control over our countries economy. The Federal Reserve also claims that secrecy improves efficiency of the financial markets. They didn't see the toxic loans being treated as triple A rating on Wall Street. Instead subprime mortgages and people spending beyond their limits caused a bubble which burst in 2008. The loans were granted and refinancing even though some people didn't qualify. The Federal Reserve took money from the U.S Treasury to spread across all the banks. According to the Inside Job documentary, in 1982, Ronald Reagan deregulated the savings and loans banks allowing them to make risky investments. Afterwards, hundreds of banks failed and cost taxpayers $124 billion. It cost some people their life savings. Thousands of the savings and loan executives went to jail. Alan Greenspan, the former representative of the Federal Reserve, over seen the investors and even wrote to one, stating that they had excellent skills and see no foreseeable risk. In the late 1990's, the financial sectors combined into a few gigantic firms. Due to their size, they risked failure to our whole economic system. In1998, Citi Corporation and Travelers merged into Citi Group which violated the Glass Steagall Act. This law was made to prevent businesses from engaging in risky investments. One year passed, and head of the Federal Reserve and congress allowed the law to be broken. (Inside Job, 2010). Afterwards, the Gramm Leah Bliley Act allowed giant mergers of companies. This proves that banks monopolize and use lobbying power to get their way. The failures the banks make will get bailed out by the Federal Reserve leaving some common people unemployed and homeless. At present, it costs companies far more to abide by the law than to violate it. Our political system can be bought by big business without fear of punishment.
Finally, the U.S. economic crisis points to the evidence of crimes from the central banking system, Constitution, and political system. The Federal Reserve was unconstitutionally erected and unwillingly accepted by the people. The Constitution is treated like it was written with an erasable pencil because money is to be overseen by the treasury and backed by gold. The income taxes we pay are voluntary because of the unconstitutional laws. Our political system shows the power of lobbyist getting laws bypassed or ignored to help banks and mercenaries remain unlawful. When there is an economic disaster of this magnitude which reaches into other well developed countries, then we are supposed to be investigating, auditing, and punishing if necessary. These crimes committed on the highest levels need help from the people's last and only power, peaceful revolution to take our country back to righteous fundamentals. We can't rebuild our economy while maintaining the same exact ideas from our past success.








References
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