Saturday, November 27, 2010

Engineered Economic Downturn

2002: Ben Bernanke speaks at Milton Friedman's 90th Birthday and jokes that Milt was correct all along that the FED caused the great depression by contracting the money supply in a fractional reserve system.

"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."

2005: Federal Reserve no longer publishing M3 datal an important measure of the Money Supply

2005-2008: M3 balloons to record levels which measured the money creation being done in the speculative and fraudulent derivatives market, driven by Goldman Sachs.

2008: FED institutes the Bank of International Settlement Basil 2 Accords which restricts/lightens fractional reserve requirements, contracts the money supply, and does to America exactly the same thing that Basil 1 did to Japan resulting in their "Lost Decade."

Economic crises have been produced by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans. These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States .... (Protocols of Zion 20:20)

Conclusion: This Current Economic Downturn was engineered just like the Great Depression. Mr. Bernanke confessed to Milton Friedman that he is well aware of how a contraction of the money supply would affect our fractional reserve economy. Mr. Bernanke was well aware of the effects Basil 1 had on Japan, and therefore must have been fully aware of how Basil 2 would effect the American economy.

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