(An Excerpt from Learn or Die: The New American Revolution by Marcello Tino)
The Federal Reserve and the Temple of Human Sacrifice
On Constitutional Avenue and 20th Street in Washington, DC stands the Eccle Building, Home of the Federal Reserve System. The granite four-story building is an austere building stripped of all nonessentials with massive iron doors. The official Federal Reserve System web site describes the duties of the Federal Reserve as:
Oversee the federal reserve system
Conduct monetary policy
Provide financial system stability
Supervise and regulate financial institutions an activities
Foster payment and settlement system safety and efficiency
This sounds well and good, but beyond the facade and the massive iron doors of the temple dwells the God of Money cloaked in mystery and secrecy, for it is here at the Federal Reserve that we find the heart of vampire capitalism. It is here at the Temple of the God of Money that the priests of the temple determine the flow of our blood through the system - how much, at what price, and to whom. This priesthood of banking is organized into three branches, the Federal Reserve Board, The Regional Federal Reserve Banks, and the Federal Open Market Committee.
So, how does our blood, our lives, our hopes , and our work flow through the heart of the system? There are two major control valves for the blood to flow through the body politic. One way is the Discount Window at each of the twelve Federal Reserve Regional Banks where commercial and depository institutions day to day borrow hundreds of millions and billions of dollars a day to make up for temporary shortages in their reserve requirements. Essentially the Discount Window determines the interest rate at which regional banks will loan to commercial banks and depository institutions which in turn will determine mortgage interest rates, credit card interest rates, and interest rates on personal and business loans etc. The regional banks in coordination with the Federal Reserve Board in Washington determine the rate at the Discount Window and depending on the rate they charge, the Federal Reserve can encourage borrowing and the flow of money to the private sector and at what cost.
The second way that the Fed controls the flow of money is the Open Market Window where the Fed buys and sells from five-hundred million dollars to several billion dollars of government securities a day on the open market. It is here in coordination with the Discount Window that the Fed can determine how much blood will flow through the government into the body politic. It is at the Open Market Window where the important decisions about the economy are made, and It is here that the priests of the temple cloak the truth in secrecy and mystery.
The Federal Open Market Committee meets to deliberate on the money supply eight to ten times a year, but the decisions are made in secret. Only six to ten weeks after the decisions are made is a brief report presented. The internal report and memos and the economic analysis that supports the decisions made by the Committee are keep confidential for five years and the full transcript of the meetings are never released. As William Grieder noted in his book Secrets of the Temple, "No other agency of government, not even the CIA enjoys such privacy." He also cited a quote from Henry Ford Sr. on the mystery of the Federal Reserve where Henry Ford Sr. says, "It is well enough that the people of he nation do not understand our banking and monetary system for, if they did, I believe here would be a revolution tomorrow morning." (Grieder 55)
This is true. Behind the vault like temple doors, the priests of the God of Money perform blood sacrifices of such a magnitude that when the veil of illusion, secrecy, and mystery are swept away, and we understand what is happening to us, we will have no choice but to fight back. The bloody truth is quite simple. The prime reason that the Federal Reserve exists in its present form is to protect the value of money for the wealthiest classes in America. Essentially we are talking about the vampire capitalists who make money off money, and at the top of this list of clients for the Federal Reserve are the bond holders who own America's debt. They are a very select group evidenced by the fact that the top 10% of the American families own 72% of the corporate and federal bonds and 86% of the state and local bonds. (Grieder 372)
To put it another way, they own America. They are the loaners not the borrowers, the creditors not the debtors; they are the wealthy individuals, banks, and financial institutions that make money off interest. It is this group that the priests of the temple serve, and to illustrate the extent to which the Fed will go to protect this group, we will look at how America was slaughtered during the Reagan Era.
The Reagan Era & Trickle-Down Blood
In the 1980s, in response to a decade of double-digit inflation and Ronald Reagan's policies of tax reduction and deficit spending, the Fed cut the flow of money and raised interest rates. For example, twenty-year government bonds averaged only .6% when inflation was soaring in 1979 (well below the historical expectations of a fair return of 2% or more.) In contrast, after the Fed implemented its hard money policies and raised interest rates, the real rate of long-term bonds jumped to 5.1%. roughly double the historical return. (Grieder 404) In addition, starting in 1997 when the Fed began to push up interest rates, commercial banking entered the most profitable era since World War II. Banker's net operating income increased 10.3% in 1980, grew another 9% in 1981 while large sectors of the economy were being destroyed and liquidated (Grieder 411)
Essentially the blood was flowing upward to the Fed's true clients, the financial sector. In comparison Professor Gerald Epstein, an economist at the New School of Social Research calculated that the before-tax-profits of the corporate sector, excluding finance, declined to an average 10.7% for the recession years of 1979-1982 compared to the long term average of 15.9% for the years 1960-1978. Commercial banks on the other hand, during the same period increased their average return on equity to 13.2% up from the long-term average of 10.4% (Grieder 412)
The businesses and industries most affected by the increase in interest rates were those that relied heavily on being able to borrow money on a routine bases, i.e., the auto industry, the oil business, the consumer credit industry, agrobusiness, the building and housing industry, and real estate etc. Also affected by the increase in interest rates and the resultant deflation of the economy and the hardening of the value of the dollar were businesses that depended on exporting its product and services, and companies sensitive to competition from abroad. Essentially hard currency affected the international exchange market and made exports more expensive and imports cheaper. Agrobusiness exports were severely affected as were other exports. Imports nearly gutted the auto industry and the steel industry. Essentially the American economy was sacrificed to the God of Money, and the priests of the temple ripped the heart out of the body politic and ate it raw while it was still beating. Stocks were liquidated, farms were liquidated, real estate was liquidated, and whole industries were liquidated in the blood letting.
As for American labor, at the peak of the recession in December 1982, twelve million people were out of work, whereas, only 4.4 million of those out of work were drawing unemployment and a group just as large were working only part-time. In all, the dislocation totaled as many as 20 million American workers. (Grieder 455) Dr. M. Harvey Brenner of John Hopkins University, who made a study of the impact on life and health associated with the deep recession of 1974-1975, calculated that 45,900 people died prematurely due to the swollen unemployment of 1974-1975, casualties in a liquidation process that was less severe than the one that occurred in 1982. (Grieder 458)
The priests of the temple argue like the physicians in the Middle Ages who used blood suckers to purge their patients of their own blood. They argue that bloodletting is healthy for the economy, and they call it "creative destruction", and when the vampire capitalist want to really be creative, they let the monster that dwells deep within their vaults the freedom to roam beyond the temple doors, and they call it - war. War is the ultimate bloodletting for the vampire class because everyone, on both sides of the war, must borrow massive amounts of money to wage the war, and everyone must pay, winners and losers alike. Millions up millions of lives are sacrifice, billions and billions of dollars are wasted and spilled on the battle field, that that is not the end. After they have reduce whole countries to ruin, they make more money reconstructing what they destroyed.
Hiroshima Then and Now
Cites
1. Grider, William, Secrets of the Temple, Touchstone Books, New York 1989
Illustrations
1. The Federal Reserve Blood Bank, Learn or Die: The New American Revolution, Thompson and Prince, Marcello Tino and Andrea Dalla Bono, 2020
2. Aztec Sacrifice, Learn or Die: The New American Revolution, Thompson and Prince, Marcello Tino and Andrea Dalla Bono, 2020
3. Hiroshima Then and Now, Learn or Die: The New American Revolution, Thompson and Prince, Marcello Tino and Andrea Dalla Bono, 2020
Author's Note - I have made Learn or Die: The New American Revolution available to you through Smashwords in a Freedom for Free Edition where you can pay what you want for the book or nothing at all. It is free. I'm doing this because after 50 years of research and study I believe I have found the way for all of us.
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