The Federal Reserve Has Enemies

by Trace Mayer, J.D. on November 23, 2008 · 7 comments

The Federal Reserve Has Enemies

Reading time: 4 – 6 minutes

 

End the Fed protest in Houston on November 22, 2008

End the Fed protest in Houston on November 22, 2008

I recently wrote about how civil unrest has started in Iceland.  The rallies started small with about 500 people and steadily grew over a couple months to about 8,000 which represents about 2.5% of their total population.  On November 22, 2008 the Federal Reserve had some protestors.  Like Iceland it is starting out small with only a few hundred at each of location (Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco).  Additionally, other rallies took place at other Federal Reserve locations from Jacksonville, FL to Los Angeles.  In total it is estimated there were over 15,000 protestors.

The Federal Reserve is an unconstitutional monetary system that allows for confiscation through inflation without representation.  Under the 1792 Coinage Act governmental actors perpetrating this type of a fraud would be subject to the death penalty.

In October in Toronto with Cambridge House I was asked a question during the panel session before several thousand people about what the average person could do.  I said, “That light at the end of the tunnel is just the next train.  Get out of the way!  Get 3 months worth of food in your house.  Have some place to go should supply chains be interrupted.  Have a plan should civil unrest develop.”  That night at dinner like usual I sat next to Jim Willie a PhD in Statistics who did forecasting for life insurance companies.  I dare not even mention his dire prediction.

Gerald Celente, president of Trends Research Institute, is a highly acclaimed and accurate trend forecaster.  He has recently made the following prediction:

“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”

“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”

“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”

“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”

 

No one knows what lies ahead.  Our future is not etched in stone yet.  Unemployment plus discouraged workers is getting ludicrous.  However, many societies have traveled the path of a currency collapse before.  The critical question will once again be posed: Repression or Regeneration?  Plenty of people are now echoing the warning that many of us have been sounding for a long time.  I recommend preparing according to your own risk tolerance.  Perhaps the most dangerous state to be in is denial.  If history is any guide it always appears that the issuers of the currency are always the last to accept that their is a problem with it.

The Federal Reserve Has Enemies

RELATED POSTS:

  1. Federal Reserve Will Fail With Quantitative Easing
  2. Banks Have NEGATIVE Reserve Ratios
  3. Civil Unrest In Greece
  4. Civil Unrest In Iceland
  5. Gold and Economic Freedom by Alan Greenspan
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ABOUT THE AUTHOR: Trace Mayer, J.D., author of The Great Credit Contraction holds a degree in Accounting, a law degree from California Western School of Law and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist and monetary scientist. He is a strong advocate of the freedom of speech, a member of the Society of Professional Journalists and the San Diego County Bar Association. He has appeared on ABC, NBC, BNN, radio shows and presented at many investment conferences throughout the world. This is merely one article of 197 by Trace Mayer, J.D..

The Great Credit Contraction

7 comments

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{ 5 comments… read them below or add one }

1 Schwabe November 24, 2008 at 1:07 pm

The collapse of the US monetary system is a double edged sword. It is perhaps a window of opportunity for Americans to take back the country via revolution – or it is another opportunity for banking, corporate, and military industrial complex to further their economic enslavery agenda.

2 Revolutionmuslim November 29, 2008 at 11:02 am

The Federal reserve is a clandestine organization, you better beware of them.

3 andrew hughes November 29, 2008 at 2:46 pm

I agree with you 100% with the coming of the war among ourselves.The Federal Reserve should be done away because all they seem to know is print more paper money.They should allow these stupid banks to go under instead of feeding them with more useless paper money.Next big failure is going to be the commercial real estate.estimated guess to be around $1 trillion.Thanks for your news update. Andrew

4 John Anderson February 12, 2009 at 4:01 pm

The biggest enemy of the federal reserve is economic common sense and monetary education. It’s biggest ally is monetary ignorance. One of these things the U.S. has in spades, the other is scarce resource.

This will change when people can no longer afford basics. And when the public begins to learn why they can’t afford the basics they will be pissed.

5 Bob Jones April 2, 2009 at 7:57 pm

I fear that the bodies of Americans will be stacked like cordwood in the streets of America’s larger cities as the more desperate elements of the population go feral. Basic services like water, electricity etc. will become nonexistent and violent food riots with subsequent carnage will break out. Minorities will get their revenge on caucasian citizens for the privileged life they have led for the 200 year history of this country. Government buildings will burn.

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