Chuck Baldwin
American Free Press

At the time of this writing, the U.S. House and Senate are poised to pass a $700 billion bailout to Wall Street. At the behest of President George W. Bush, the U.S. taxpayers are going to be on the hook for what can only be referred to as the biggest fraud in U.S. history.

President Andrew Jackson to the international bankers: “You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

Virtually our entire financial system is based on an illusion. We spend more than we earn, we consume more than we produce, we borrow more than we save, and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency known as the Federal Reserve Note, which was created out of thin air by an international banking cartel called the Federal Reserve.

According to Congressman Ron Paul, in the last three years, the Federal Reserve has created over $4 trillion in new money. The result of all this “money-out-of-thin-air” fraud is never-ending inflation. And the more prices rise, the more the dollar collapses. Folks, this is not sustainable.

Already, Bear Stearns was awarded a $29 billion bailout, followed quickly by the bailout of Freddie and Fannie that will cost the taxpayers up to $200 billion. Then the Fed announced the bailout of AIG to the tune of $85 billion. Mind you, AIG is an enormous global entity with assets totaling more than $1.1 trillion. Moreover, the Feds agreed to pump $180 billion into global money markets. And the Treasury Department promised $50 billion to insure the holdings of money market mutual funds for a year. Now, taxpayers are being asked to provide $700 billion to Wall Street. (I hope readers are aware that, not only will American banks be bailed out, but foreign banks will also be bailed out. Then again, at least half of the Federal Reserve is comprised of foreign banks, anyway.) In other words, the Federal Reserve is preparing to spend upwards of $1 trillion or more. Remember again, this is fiat money, meaning it is money printed out of thin air.
(more…)

Americans have reached a point in history where they will be deciding whether they would like to give away their freedoms to the bankers or remain a free people. This proposed Paulson Bailout plan for Wall Street is, in our opinion, the single most important issue since the colonists decided to sign the Declaration of Independence in 1776. Americans and their representatives in Congress will literally decide whether two hundred and thirty two years of freedom of the American individual will be abolished in the course of one week!

If the 110th Congress of these United States votes in favor of the Paulson plan the concept of individual liberty and freedom will be buried for generations to come! What hope does the rest of the world have if America gives up on liberty?

We should not forget what Sir Josiah Stamp (Director of the Bank of England in the 1920s) said about the system of Central Banking from which he personally benefited:

“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”

We should also not forget what Thomas Jefferson said about banking institutions:

“I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.”

Let us hope that the 110th Congress votes for liberty.