Erica Baker
Sep 6, 2018 · 5 min read

You can thank Woodrow Wilson when he signed the Federal Reserve Act of 1913. Since then this private central bank as well as its member banks have been creating ink and paper out of thin air and lending it to us at usury (interest). The private central bank has since it inception has stolen untold trillions of dollars from you and I. Your local bank isn’t innocent either. They can legally lend out your deposit and pocket the interest, leaving you and I out in the cold. Yes you still have your deposit, but through fractional reserve lending they can lend out as much as 90% of your deposit and they do not have to pay you any of the interest they collect on the loan.

Second, remember this, all wars are bankers wars, the bankers finance both sides of the argument, those are the facts. War only serves three masters, the politicians that allow it and get bribes and kickbacks for it, the military industrial complex that provides the bullets and bombs, and the private central bankers that fund them. We have been in a wartime economy for most of the 20th century, and now into the 21st century, and it has cost us our infrastructure and our resources, only to enrich those that are playing the game.

Now let us look at the markets, what you are seeing is an illusion. We have a debt based market, a market created from the issuance of credit instruments with no intrinsic value at all. It only serves to enrich the investor class at the expense of employees and customers. Our labor participation rate has stayed relatively flat for the past two decades. Currently it is setting at 62.9%. An unemployment rate of 3.9% and a labor participation rate of 62.9% cannot exist in the same universe, it is impossible. Anyone that tells you differently is lying to you or is not very good at math.

Let us now look at real wages in this country. Adjusted for inflation the American worker has not seen an increase in income in over thirty years, meanwhile C.E.O salaries have increased by over 200% in that same time period. On average the ratio between C.E.O pay and front line workers are between 350 to as high as 450 to 1. Unless there is a recycling mechanism that takes the accumulated wealth at the top and recycles it back down into good wages, salaries, and benefits, the system will continue to lock up, that is what it is doing currently.

Now let us look at a thorny issue, that is the issue of illegal immigration that has run rampant in this country for decades. This does two things, one, it suppresses real wage growth by undercutting American citizens ability so compete. Second, it puts pressure on existing housing inventory causing existing inventory to rise in price. It is a supply and demand issue, the less demand you have the lower the price, the higher the demand is the higher the price, it is a matter of simple economics. With that said, there are many landlords and sellers that are driven purely by greed, and it is that greed that out prices lower income people out of housing.

Below will prove my point of the labor participation rates, it will shock you.

https://data.bls.gov/pdq/SurveyOutputServlet
Woodrow Wilson (D) 1912–1917

This is what Woodrow Wilson said in 1919, six years after he signed the Federal Reserve Act of 1913; “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.” — Woodrow Wilson 1919

Thomas Edison

Thomas Edison said this in an op-ed when talking about private central banking; “People who will not turn a shovel full of dirt on the project nor contribute a pound of material, will collect more money from the United States than will the People who supply all the material and do all the work. This is the terrible thing about interest …But here is the point: If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People. If the currency issued by the People were no good, then the bonds would be no good, either. It is a terrible situation when the Government, to insure the National Wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold.

“Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government? The people. Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people’s credit in interest-bearing bonds?” — Thomas A. Edison, New York Times, December 4, 1921

Read more: ALL WARS ARE BANKERS’ WARS! | WHAT REALLY HAPPENED http://www.whatreallyhappened.com/WRHARTICLES/allwarsarebankerwars.php#ixzz5QMXGRu5Q

    Erica Baker

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