American Bankster refers to the morally criminal activities of the Federal Reserve and the Fractional Reserve Banking System.
The Federal Reserve, through interest rate manipulation, has brought on every major financial disaster since their creation in 1913. The result of each financial crisis has always been the same: the rich bankers and their friends get richer while the middle class gets smaller and the poor get more numerous.
Why are there special laws for banks?
Why does bank fraud carry a stiffer prison sentence than fraud against an individual? Are banks morally more valuable than an individual? Why do banks qualify for lower interest rates than individuals? Why does the government get a say in who deserves what interest rate?
The most important question to ask about the Federal Reserve is: why are they constantly inflating the money supply? The answer is simple; the more money the lend, the more interest they earn. Big government means big dollars for the Federal Reserve.
So who gets the money? The banks that the Federal Reserve likes the best: Goldman Sachs, JP Morgan Chase and others.
We know that some banks are more favored by the Federal Reserve based on the Federal Reserve's response to the collapse of WaMu and Lehman Brothers (both of which were apparently not on the Federal Reserve's Facebook Friend's List).
Where does the money come from?
That's the beauty of the system for the Federal Reserve. They get to print it for free!
What happens when they just print trillions of dollars?
The dollars in your bank account become worth less. Massively increase the supply of anything and the value (the price, and in the case of money the purchasing power) of that thing will go down.
The value of a dollar is controlled by supply and demand. Money is always in demand so the scarcity of money becomes very important. Anyone that controls the supply of money, controls the value of money.
In the case of the Federal Reserve, they; act as the government's banker, control the money supply, control interest rates at which money is lent, and act as a regulator over all banks. They aren't elected and they aren't accountable to Congress or the American people. They have never faced an audit.
For the above mentioned reasons and more we have created AmericanBankster.com in order to educate the pubic about the very real dangers we face as a nation because of our fiat monetary policy.
WASHINGTON — The president of the World Bank said on Monday that America’s days as an unchallenged economic superpower might be numbered and that the dollar was likely to lose its favored position as the euro and the Chinese renminbi assume bigger roles.
The Reserve Bank of Zimbabwe routinely prints money to fund the budget deficit, causing the official annual inflation rate to rise from 32% in 1998, to 133% in 2004, 585% in 2005, past 1,000% in 2006, and 26,000% in November 2007, and to 11.2 million percent in 2008. Meanwhile, the official exchange rate fell from approximately 1 (revalued) Zimbabwean dollar per US dollar in 2003 to 30,000 per US dollar in September 2007.
Why is this important? It means that China won’t be buying any short-term or long-term US debt. If President Obama and the Congress don’t show any signs of easing up on SPENDING, then the Federal Reserve will have to increase the amount of dollars it prints. If it keeps printing dollars at this rate, then very soon we will see the effects of inflation begin, followed by hyper-inflation. Prices will spiral up and out of control and most of the middle class will become poor and the already poor will suffer the most. The cost of milk and bread will be prohibitively high. Small farms will go out of business, driving prices even higher as competition is diminished.
...the tax code has brought about the employer-provided insurance system that has resulted in less competition and higher prices. The employer-provided insurance system creates yet another degree of separation between the patient, [Insurance Company, Employer] and doctor. This adds another administrative expense, gives less choice to employees and consumers and more control to big business owners, union bosses, bureaucrats and politicians."
"Over time the terms conservative and liberal have changed, and while this idea of labels changing is nothing new, it is important to acknowledge such change and to recognize the meaning to assess where we stand as individuals."
"...the crowd, made up of Obama's economic advisors, has already gathered insisting that they must break the window in order to save the glazier's business and all the merchants that depend on the glazier."
An Open Letter to Congress and the President
"When a business fails, the market (through consumers and investors) has decided that the business is not efficient enough or in high enough demand to exist, therefore, it should and must fail! To prop it up with taxpayer dollars is to take efficient money out of the economy and place it in the inefficient hands of bureaucrats where half of the money will be eaten up by the bureaucratic machine, and the other half will be wasted on a business that the market has already decided must fail."
Our Reaction: "HAHAHAHAHAHAHAHAHA"
"US fast-food giant McDonald's said Monday its 2008 net profit soared 80 percent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession."
"Wall Street is losing faith in Washington's efforts to fix
the financial crisis."
"The size of the problem is growing faster than the banks' ability to
handle it....We're halfway through the bailout money, and the banks
are in worse shape than they were six months ago."
Not only are taxpayers experiencing ever-increasing direct
taxes such as gasoline tax, property tax, sales tax, cigarette tax,
alcohol tax, etc., but your standard of living is being taxed through
the devaluation of your dollars.
Every time the government creates a new program, your standard of living
will get worse.