The 2010 Great Depression is as unnecessary as the one in 1929
By Jim Condit Jr., Candidate for US Congress, 8th District Ohio
(My congressional campaign at www.TheRestOfTheStory2010.com is devoting our “radio ads campaign” to making known the 1967 attack on USS Liberty. The significance of what happened to the USS Liberty in 1967 holds the key to current attacks against our “Ship of State” in 2010.)
The current Recession/Depression we are going through is as unnecessary as the one the Money Masters at the Federal Reserve Board imposed upon our grandparents in 1929.
The Great Depression got underway in earnest on so-called “Black Monday”, October 28, 1929.
But did we not have the same number of people, the same quantity of natural resources (trees, coal, etc.), and the same technologies on the day before and the day after “Black Monday” in 1929?
The answer is “Yes.”
The only thing that had changed was that a massive quantity of cash was in the process of being effectively removed from circulation by the modern day Money Changers at the Federal Reserve Bank. Congress had injudiciously delegated the power to control the issue of our nation’s currency to this private corporation in 1913 (16 years earlier).
The same is true in our day. In late September and early October, 2008, the Mass Media suddenly trumpeted that America was faced impending financial doom unless a massive “bailout” was immediately approved by Congress.
My opponent, Congressman John Boehner announced to the world that Federal Reserve Board Chairman, Ben Bernanke, informed key congressional leaders of the gravity of the crisis with quivering lip. And Boehner himself shed a tear on the floor of Congress, and then proceeded to vote for the bailout, along with a majority of other Congress critters.
But now, as in 1929, all of our natural resources and human potential remained the same before and after the financial crisis was announced. The only factor that had changed was that our Money Manipulators had removed massive quantities of money from circulation.
Neither Boehner nor the other congressmen can tell their constituents where the bailout money went.
And experts such as television/internet commentator Max Keiser (www.OnTheEdge.com) claims that the 13 trillion dollar bailout which has since disappeared into various mega-banks and mega-corporations – could have paid off virtually every home mortgage and every credit card in the United States. (!!!!!)
In early 2010, Max Keiser interviewed author David DeGraw about his new book: “The Economic Elite Vs. The People of the United States of America”.
On page 13, in the section entitled, “Casualties of Economic Terrorism, Surveying the Damage”, DeGraw tells us that since September 2008, “. . . Americans have lost $5 trillion from their pensions and savings” and “$13 trillion in the value of their homes.” – and – “workers between the ages of 55-60” . . . “lost 25% off their 401Ks.”
DeGraw goes on to tell us that in 2008 and 2009, “Over 5 million US families have already lost their homes, in total 13 million families are expected to lose their home by 2014 . . .”
Furthermore, according to reliable sources, 40 million people are on food stamps with 15 million people on unemployment.
This is NOT free enterprise as our Founding Fathers established and envisioned. This is Monopoly Capitalism, which Pope Pius IX warned was tantamount to Socialism and Communism in his 1931 Encyclical, Quadragesimo Anno.
My congressional campaign seeks to abolish the FED and replace it with an entity under the US Congress, which would issue money in the light of day, instead of the secrecy that has enshrouded the FED, which has never been audited, as Congressman Ron Paul has taught the world.
The amount of money issued would be roughly equal to goods and services available, and the near term economic possibilities, such as the repair and improvement of the nation’s transportation infrastructure.
The value of a dollar would be tied to gold as specified in the Constitution, as this precious medal has proved resilient over the centuries as various national currencies have come and gone.
Money is basically a ticket for available goods and services (cars, clothes, food, computers, etc. etc.). Those goods and services, together with the credibility of the government which issues the currency, is what gives money its value.
Good sources to understand the problem and the solution to our current, contrived money woes are these: the article, The Money Myth Exploded” by Louis Even, as well as the book, This Age of Plenty, available by Google search; the book The Secrets of the Federal Reserve by Eustace Mullins; the book The Creature from Jekyll Island by G. Edward Griffin; and the videos, The Money Masters, and The Secret of Oz, both by journalist Bill Still.
We must come out from the dark ages of money. This can be done by Congress ending the Fed, and replacing it with an entity that will issue money in the light of day, and in the service of the American people, rather than in the service of the insane dreams of those behind the Federal Reserve board for a tyrannical New World Order.
Gordon Duff posted articles on VT from 2008 to 2022. He is a Marine combat veteran of the Vietnam War. A disabled veteran, he worked on veterans and POW issues for decades.
Gordon is an accredited diplomat and is generally accepted as one of the top global intelligence specialists. He manages the world’s largest private intelligence organization and regularly consults with governments challenged by security issues.
Duff has traveled extensively, is published around the world, and is a regular guest on TV and radio in more than “several” countries. He is also a trained chef, wine enthusiast, avid motorcyclist, and gunsmith specializing in historical weapons and restoration. Business experience and interests are in energy and defense technology.
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