Government of the elite, by the elite, and for the elite

Ron Paul supporters espouse many seemingly radical political views together with some other traditional and Constitutional-based political opinions.  One may ask, 'where is the radical ideology regarding "no more foreign aid" or "bring all the troops home" coming from?' In addition to the average Libertarian, Ron Paul's political views are attracting the "conspiracy theorists" vote.  Ron Paul has been a frequent guest on favorite Conspiracy Theory radio programs like the Alex Jones show which has exploded in listenership in the last year.

What are the Conspiracy Theorists afraid of?  Conspiracy Theorists are concerned with the effects and decisions that come out of regular meetings of the world elite. Several times a year, world elite, Past and future US Presidents, cabinet members, royalty, media moguls, Forbes 100 CEOs, Ivy League University Presidents, Defense Contractors, FED chairman, etc meet at places like  Bohemian Grove each July, or the Davos Conference, the Bilderberg Conference, or at the United Nations, or at the G20 Economic conference, or the Council on Foreign Relations, or the Tri-Lateral Commission.  

While at these variously titled meeting, these same powerful and wealthy elite set a world agenda which greatly influences and affects US domestic and foreign policy and our laws.  Conspiracy Theorists are concerned that these meetings of the global elite constitute a subversive anti-American government of the elite, by the elite, and for the elite. 

In the remaining portion of this post, I would like to illustrate how policies from these international globalist organizations are infiltrating, subverting traditional American values, while also greatly harming our peace and prosperity.

George Romney worked for Massachusetts Democratic U.S. Senator David I. Walsh during 1929 and 1930, first as a stenographer, then, as a staff aide working on tariffs and other legislative matters.  Romney researched aspects of the proposed Hawley-Smoot tariff legislation and sat in on committee meetings for Senator Walsh who apposed Tariffs. While living in the DC area, Romney opened a ice cream shop and attended  night classes at George Washington University.  The Smoot-Hawley Tariff act was eventually signed into law by Herbert Hoover, yet the Depression continued to worsen. 

Unfortunately, because of the worsening depression, Romney's ice cream parlor failed, and he no longer had the income necessary to finish his degree at GW.  The cause of the worsening Depression was hotly debated at the time.  Like most Democrats,  Senator Walsh opposed tariffs and he along with FDR and others blamed the Smoot-Hawley Tariff act for worsening the depression.  Consequently, from that moment on, "Free-Trade" became a plank in the Republican platform when prior to this, Republicans like Lincoln, McKinley, and Hoover were stanch protectionists.

For any LDS readers out there. I am not sure everyone knows who the Smoot is, in the Hawley-Smoot Act.  The Smoot in the title of this bill just happens to be Senator Reed Smoot of Utah, who was also an Apostle of the Lord Jesus Christ and member of the LDS Church's Quorum of 12 Apostles.  Elder Smoot didn't become an Apostle after being a Senator, Elder Smoot was appointed and ordained to the Holy Apostleship while he was also serving as a State Senator.  While LDS do not claim our leaders are infallible, Elder Smoot was one of very best men that the LDS Church has ever produced.

Thankfully, not everyone agrees that tariffs and protectionism policies caused the Great Depression. Milton Friedman, Father of the Chicago school of economics, monetarist theory of money, and Nobel Laureate always maintained that the FED and not tariffs caused the Great Depression.  Milton Friedman said the FED's contraction of the money supply is what triggered the Depression.

The FED initially rejected this analysis, but a recent comment by FED chair Ben Bernanke demonstrates how the FED actually views this issue.

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. Later Ben Bernake again supports Milton Friedman's position at a leture : 

"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."
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm

2004:  Ben Bernanke speaking at the Washington and Lee University, Lexington, Virginia again expresses support for the monitorist theory of money, and the FED's role in exacerbating the Great Depression by increasing interest rates several times, and advocating several banking holidays which exacerbated cash and gold hording.


"Finally, perhaps the most important lesson of all is that price stability should be a key objective of monetary policy. By allowing persistent declines in the money supply and in the price level, the Federal Reserve of the late 1920s and 1930s greatly destabilized the U.S. economy and, through the workings of the gold standard, the economies of many other nations as well."
http://www.federalreserve.gov/boarddocs/speeches/2004/200403022/default.htm


2005: Federal Reserve no longer publishing M3 data, which is an important measure that monitors growth of the money supply involving derivatives and other complex investments. This concealing of M3 will serve to hide the initial effects of the sale of fraudulent mortgage-backed securities which will follow.
http://www.federalreserve.gov/releases/h6/discm3.htm

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.http://www.amcalrealestate.com/wp-content/uploads/2009/07/money-supply-rate-of-change.gif

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."http://www.federalreserve.gov/newsevents/press/bcreg/20070720a.htm

"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.

Furthermore, just as massive borrowing to invest overinflated the money supply prior to the Great Depression, we see the FED set up the current system of derivatives trading which created an unstable economic environment requiring a reaction in terms of implementing Basil 2. This was a perfect example of the FED creating a problem, eliciting a predicted reaction and then providing the pre-conceived solution.

The FED blamed protectionism of the Hawley-Smoot tariff act and regulating trade as the Constitution requires as the cause of the Great Depression.  The Civil war was fought over protectionism and tariffs.  South wanting to buy cheap slave-produced goods and machinery from the East India Trading Company instead if the North.  This blame of the Great Depression on Protectionism turned the Republican party that were once protectionists like Pres McKinley into advocates of free-trade.  And now free trade has robbed our county of domestic industrial infrastructure our jobs, and our self-reliance.

So here we see a clear example of how an international organization like the Bank of International Settlement (central bank of central banks) policy has infiltrated and subverted traditional American values and Constitutional principals, while also greatly harming our peace and prosperity.

Overall Analysis:  The elite wanted deflation before WW1 and WW2 because they wanted to buy up all the companies that would profit from the war.  This time, the elite already own all the major companies.  What the elite are doing currently, is buying up soverign national debt.  The goal is to get all the countries in as much debt as possible to them before the end game.

According to Milton Friedman's monetarist theaory, recent money supply expansion via TARP, and QE2 that prices are holding somewhat and the current depression is not as bad as it could be.  However, our dollar is no longer gold-backed as it once was, and if the dollar loses its status as the world reserve currency, because of free-trade, the US is no longer industrially, energy, or even agricultually independent, and and dollar devaluation would sink the US economy. This fact is precisely what is driving the US to enter into wars with Iraq, Libya, and Iran who were circumventing the Petro-Dollar system by selling oil to China in Euros and Yuan. Iran is now doing business with Russia in Rubles. The fiat, debt-based, Petro-Dollar system cannot tolerate major oil-producing nations selling oil in alternative currencies.  

This warmongering will evenually lead to the point where the international community led by Russia, China, and Muslim nations will decide to attack the US with a massive nuclear firststrike and invasion; hoping to divide the US up forever. This is the elite's end game which they hope will end the idea of constitutional government forever. 

Unfortunately, because the US is not currently economically self-sufficient, an Act like Hawley-Smoot is not going to fix things at this point.  The first thing the US would be wise to do is avoid war with Iran at all costs and reform our monetary system where money creation is "merit-based" and not decided by a ruling class of economic oligarchs who buy and sell US bonds.