In 1946 UK nationalized her Private Central Bank and now we must do the same to solve our Financial Crisis

(The Galactic Times) The incompetent left brained CEO's and their management teams created and financed our financial mess exactly the same way as W & his Neocon friends got us to the needless war in Iraq - through lying and deception. They thought that they can handle it and perhaps they will still get the military to take care of any problems that may arise. They have only one obstacle, W ids no more in office.

The constitution took care of W. On the banking side we do not have that limit. Protecting the taxpayer money from any further robbery by the banking barons is now the job of the Obama administration.

Since 1913 our Financial system is operated under FED. Note that Federal Reserve or FED is a private bank owned by US, West-European and Israeli (Khazar) wealthiest families. The real owners of FED are the following 10 (9) private banks: Rothschild Bank of London, Rothschild Bank of Berlin, Lazard Brothers of Paris, Israel Moses Seif Banks of Italy, Warburg Bank of Amsterdam, Warburg Bank of Hamburg, (Lehman Brothers of New York - now Bankrupt), Kuhn Loeb Bank of New York, Goldman Sachs of New York, Chase Manhattan Bank of New York.

One of the last things President John F. Kennedy did before he was assassinated was to declare his intention to reform the central banking system of the United States. No connection between these two events?

Congressman Louis McFadden, Chairman of the House Banking and Currency Committee from 1927-33, opposed the Federal Reserve System. There were three reported attempts on his life before he finally died of "heart failure." Here's what he said about the Federal Reserve from the floor of Congress: "Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it."

President J. F. Kennedy was absolutely correct we must reform our banking system. He saw the 1929 as their making including the WW II and the enormous power this partially foreign entity had over all of our industries, the influence that was only growing. After him these same power players planned and put us through the first oil crisis, the "dot.com"-bubble, the Savings & Loans scandal, Iraq war, securitized mortgages, and now the incoming derivatives bubble and after that the sky high interest rates to bankrupt every person that has any loans to them. So far they have profited immensely and with these two remaining blows they likely plan to take over it all.

To move forward we must remove the head and the roots from this banking system and replace then all under the US Government control and cut every connection to their former owners. Our FED is supposed to be on the tax payers side, not on the side of foreign interest groups like it is now. To get there we must nationalize the FED and put it 100% under the US government. It will be the only institution to have the right to issue new money. The tax payer will not pay interest to any new money the government may need. We all know that whenever this is done by new legislation it is done at the expense of the value of our currency and it is up to Congress to decide if we must do it.

The Bank of England was nationalized in 1946, which might seem at first sight to be a far reaching measure, made little difference in practice. Yet, the state did acquire all the shares in the Bank of England -- they now belong to the Treasury and are held in trust by the Treasury Solicitor.

This is the route we should take also here in the USA. It may not change much at the beginning but it will cut the cozy cooperation between the FED and our financial and banking empires. The financial barons aided by FED stole US$ 700 billion directly from the taxpayers - and had the nerve not to keep records where this money went.

The indirect loses of this financial mess are already over US$ 4 Trillion. These banking barons are equally guilty criminals like the Neocons that got us into the war in Iraq and Afghanistan. They have even the nerve to claim without laughing that "Nobody could see any of these troubles to be on the way to us." Of course they did not see them they planned for them. And they are like President Clinton: It all depends on what the meaning of the word "is" is.

Did they mean that nobody of us the plebs, here down on the ground, could see any of it coming. What naivety is this? Everybody even half brained down here on earth knew exactly what was coming both with the housing bubble and the the war in Iraq but we could do nothing to prevent them! They created also the derivatives bubble that is still out there but starting to crash - and that is BIG!

Saying earlier anything against these issues in a public would have meant danger of becoming a terrorist sympathizer and for sure at least non patriotic and a person that for sure was working for some enemy somewhere.

What Citi & Co did by knowingly packaging the worthless mortgages into securities and selling them to unsuspecting foreigners was a "patriotic" for the Neocons as it brought fresh money to US but all this is money was created through several crimes - the largest being the cheating against the simplest and most vulnerable of the home buyers! Lying knowingly to steal money from others even in foreign countries is a crime in every country on this planet! Citi & Co did not worry of this as it was a Patriotic deed in the eyes of all the Neocons! Perhaps they got mesmerized by the Talmud law that they had recently learned from their new "masters" in the Middle-East.

In mid 90's Sweden nationalized it's banking system and threw every equally arrogant, incompetent and exuberantly paid manager out. Now their banking system is just fine led by the people who actually understand what banking is. As one major difference the past sweetheart deals to the "buddies" are now out. That "socialist" county is still running as strong as ever and the country's old and solidly private enterprise sector keeps on roaming the world as it has always done and is today even more competitive than ever. I would accept this part of their socialism any time here as it beats the banking system we have here in any open competition even if blindfolded and hands tied behind their backs.

As an interesting difference in their nationalized banking system the usury that we must pay here to all credit card companies if one has two late payments, even one minute each, after their due time are totally unknown. They would simply jail the whole management from this kind of credit card company.