Federal Reserve Comes Out, Hoists Rainbow Flag

By Bob Unruh, WorldNetDaily

A state delegate in Virginia has sent a letter to the Federal Reserve Bank of Richmond, demanding that it remove a “rainbow” flag from the flagpole that also holds Old Glory.

“Dear President [Jeffrey M.] Lacker,” wrote state Delegate Bob Marshall, “Flying the homosexual flag just under the American flag outside Richmond’s Federal Reserve Bank building is a serious deficiency of judgment by your organization.”

Marshall said the Federal Reserve policies are supposed to “contribute to the strength and vitality of the U.S. economy,” but “a flagpole in front of a federal building is not a commercial or political message board.”

“What does flying the homosexual flag, or any other similar display, have to do with your central banking mission under the Federal Reserve Act passed by Congress?”

“The Richmond Fed’s endorsement of costly, anti-social, immoral behavior is rejected by 6,000 years of Western religious and moral teaching. You want the American people to trust your judgment in economic matters when your spokesperson celebrates an attack on public morals? Why?” Marshall continued.

Marshall told WND that his letter to the bank must have “set off a firecracker,” because there had been hundreds of responses via email and the like already.

“This guy has no business taking an institution Congress created for financial dealings and turning it into a political billboard,” he said.

Bank spokesman Jim Strader told WND that Marshall’s letter had been delivered and “we are reviewing his letter and we will respond.”

He refused to say what the response would be or when it would come.

But he said the “pride flag is flying at our bank as a symbol of our commitment to diversity and inclusion.”

He said bank managers got a request from “an employee group” and the request to fly the flag was approved.

Strader said it coincides with Barack Obama’s “proclamation” that June is the “Lesbian, Gay, Bisexual, and Transgender Pride Month.”

“This month … marks the 30th anniversary of the emergence of the HIV/AIDS epidemic, which has had a profound impact on the LGBT community,” Obama said. “Though we have made strides in combating this devastating disease, more work remains to be done, and I am committed to expanding access to HIV/AIDS prevention and care.”

Strader refused to respond to questions about whether the statement of a social agenda was a precedent for the bank, or whether other employee or interest groups could take advantage of the forum and proclaim their campaigns, also.

“I can’t comment on that,” he said.

He said the bank, too, has gotten comments on the “pride flag” flying in front of the institution assigned to manage the nation’s fiscal policy.

Officials with the Federal Reserve’s Board of Governors refused to reply to WND requests for comment.

But Marshall said, “This is a celebration of a behavior that is still a class six felony in Virginia.”

This dispute is not the only headache the Federal Reserve could be facing. WND recently reported on a series of grass-roots lawsuits that are being developed against the Fed.

And U.S. Rep. Ron Paul, R-Texas long has advocated an audit of the intensely secret organization, as well as a shutdown of its operations.

The lawsuit plans come from the PatriotStorm organization at its SuetheFed.com website. The plan envisions teams of attorneys analyzing data, demanding information, verifying damages and arguing court cases.

“Our litigation plan will be loosely patterned after the tobacco litigation model executed during the 1980s and 1990s; only far more organized, coordinated and focused in order to provide shared access of all discovery materials and briefs developed to all of our network law firms and prosecutors nationwide,” the website explains.

“The litigation activities will be divided among three broad areas: a) research; b) analysis and dissemination of discovery materials and briefs, and c) litigation coordination. The company will recruit several hundred to several thousand highly respected small to mid-sized litigating law firms to pursue the class action litigation for their representative plaintiffs (live persons, companies, municipalities, etc.) residing in their respective geographic areas.”

Congressman Paul long has argued that the Federal Reserve simply is illegal. Some of his concerns have revolved around Article 1, Section 8 of the Constitution, which assigns to Congress the right to coin money.

There is no mention in the Constitution of a central bank, and it wasn’t until the Federal Reserve Act of 1913 that the Fed was created.

Paul previously has said, “Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95 percent of its purchasing power, aided and abetted by the Federal Reserve’s loose monetary policy.”

And he’s proposed repeatedly – and again in this Congress – the idea of auditing the Fed to determine exactly what it has been doing and then begin making corrections. With a book titled “End the Fed,” he’s made no secret of his ultimate goal.

That the Fed is at least partly to blame for the financial problems that have developed in the U.S. seems not to be in dispute.

It was longtime Federal Reserve chairman Ben. S. Bernanke who admitted as much.

Bernanke said it was the Fed that caused the Great Depression, the worldwide economic downturn that persisted from 1929 until about 1939. It was the longest and worst depression ever experienced by the industrialized Western world. While originating in the U.S., it ended up causing drastic declines in output, severe unemployment and acute deflation in virtually every country on earth. According to the Encyclopedia Britannica, “the Great Depression ranks second only to the Civil War as the gravest crisis in American history.”

At a Nov. 8, 2002, conference to honor economist Milton Friedman’s 90th birthday, Bernanke, then a Federal Reserve governor, gave a speech at Friedman’s old home base, the University of Chicago.

After citing how Friedman and a co-author documented the Fed’s continual contraction of the money supply during the Depression and its aftermath – and the subsequent abandonment of the gold standard by many nations in order to stop the devastating monetary contraction – Bernanke added:

Before the creation of the Federal Reserve, Friedman and [Anna] Schwartz noted, bank panics were typically handled by banks themselves – for example, through urban consortiums of private banks called clearinghouses. If a run on one or more banks in a city began, the clearinghouse might declare a suspension of payments, meaning that, temporarily, deposits would not be convertible into cash. Larger, stronger banks would then take the lead, first, in determining that the banks under attack were in fact fundamentally solvent, and second, in lending cash to those banks that needed to meet withdrawals. Though not an entirely satisfactory solution – the suspension of payments for several weeks was a significant hardship for the public – the system of suspension of payments usually prevented local banking panics from spreading or persisting. Large, solvent banks had an incentive to participate in curing panics because they knew that an unchecked panic might ultimately threaten their own deposits.

It was in large part to improve the management of banking panics that the Federal Reserve was created in 1913. However, as Friedman and Schwartz discuss in some detail, in the early 1930s the Federal Reserve did not serve that function. The problem within the Fed was largely doctrinal: Fed officials appeared to subscribe to Treasury Secretary Andrew Mellon’s infamous “liquidationist” thesis, that weeding out “weak” banks was a harsh but necessary prerequisite to the recovery of the banking system. Moreover, most of the failing banks were small banks (as opposed to what we would now call money-center banks) and not members of the Federal Reserve System. Thus the Fed saw no particular need to try to stem the panics. At the same time, the large banks – which would have intervened before the founding of the Fed – felt that protecting their smaller brethren was no longer their responsibility. Indeed, since the large banks felt confident that the Fed would protect them if necessary, the weeding out of small competitors was a positive good, from their point of view.

In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn. …

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.

G. Edward Griffin, in “The Creature from Jekyll Island,” explains the cause of wars, boom-bust cycles, inflation, depression, prosperity and more – and calls the Fed the most blatant scam of all history.

History records that in 1913 President Woodrow Wilson approved the Federal Reserve Act but later reflected that his actions “unwittingly ruined my country.”

Wilson said that since the U.S. system of credit is concentrated in the hands of a few, “we have become … one of the most completely controlled and dominated governments in the civilized world.”

Paul recently announced, as chairman of the House Financial Services Subcommittee on Domestic Monetary Policy and Technology, a plan to audit the Fed.

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100% White boy born and bred in the USA. Dedicated to awakening Whites to all the crap being done to our decent, fair-minded race and exposing the devious brainwashing rats behind it all. Wake the ef up, White people!
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77 Responses to Federal Reserve Comes Out, Hoists Rainbow Flag

  1. loki says:

    There is no White political “movement” of any kind — only a Barnum and Bailey freak show filled with many physically dangerous misfits. I have suggested that all should step back a pace and examine the self proclaimed “leaders” whom you think will save your pork and beans. Do you really believe that these people could lead a duck to water, much less spearhead a revolution? Do you believe that endless gassing, Internet lurking and book reading, will stop the rain from falling?

    Many White people, like myself, do not like seeing their Western ways being corrupted and dismantled. I have asked myself how revisionism could possibly reverse this trend. Not even God has supplied me with an answer. Even so, if one is convinced that it is a viable approach then its authors should be examined as to their trustworthiness.

    Robert@FAEM.COM

  2. Frank Fredenburg says:

    Missing Iraq Money May Have Been Stolen, Auditors Say

    U.S. Defense officials still cannot say what happened to $6.6 billion, sent by the planeload in cash and intended for Iraq’s reconstruction after the start of the war.

    http://www.latimes.com/news/nationworld/world/la-fg-missing-billions-20110613,0,4414060.story

    Look who’s heading the investigation! Why is it that jews always investigate these cases? It gives you a clue as to who the culprits are. I expect this will get about as far as the Rumsfeld missing money. A planeload of money and they think it might have been stolen!
    I found this article at TvNewsLIES.org.

  3. loki says:

    When one finds himself wearing a thorny shirt which causes him discomfort, he need not necessarily look for another shirt. There is the option of simply shedding the irritating shirt. So it is with Christianity. It is sufficient to cast it off. One need not seek an Odin, Buddha or even conjure up a Creator of his own.
    The degenerate aspects of Christianity include the sacrificing of the beautiful for the sake of the botched. “The last shall be first” (Matt.20.16), we are told. These anti-Nature notions did not originate with Christianity. Race destroying ideas were first popularized by a man of low origin. He was the most repulsive man of his Age. His name was Socrates.

    In a beautiful city of beauty-worshippers, he, therefore found himself at a terrible disadvantage. Judged by the healthiest values of his Age, he was bound to stand at the very bottom of the scale.

    Unfortunately for mankind, he had a very shrewd mind. He would have made a first-class journalist, an ideal writer of bestsellers. And he determined to get himself across, i.e. to create values by which he himself and his type could be regarded as desirable.

    How could he do this? – Only by transvaluing existing values, by assuring the Greeks that there was no essential connection between a man’s visible and invisible aspects.

    And this he proceeded to do. It was the old hoax of the fox that had lost its tail. But he got away with it. True, he succeeded only with a dolt like Xenophon, and a middle-class Liberal like Plato; but he did succeed. And although the best of his contemporaries condemned him to death for it, his two apprentices most unfortunately survived him, and constituted the channel through which we became contaminated by this monster’s unscrupulous bluff to save his self-esteem.

    He admitted at his trial that he had spent his whole life teaching men to prize the soul above the body. True, in Plato’s Symposium he first speaks of beauty more or less in the orthodox Greek style, and refers to it as “accordant with the divine”, whilst ugliness “is discordant with whatever is divine.” But this is a mere concession to his listeners; for, in a later passage, he produces his own pet doctrine and argues persuasively that the beauty of the body is but a slight affair, and that man’s highest achievement is to set a higher value on the beauty of the soul. His bosom friend, Alcibiades, at the same banquet, declared that Socrates despised a man’s beauty more than anything, and to this same friend Socrates declared that the only true lover is he who loves the soul; to love a person’s soul is to love him for his own sake, and not for his bodily beauty which is not himself.

    The logical consequence of this attitude was, of course, to make Socrates no longer despicable. But it had other consequences, which Socrates himself did not fail to see. It made bodily defects respectable. It made disease almost a distinction. And, indeed, Socrates said as much. He declared to Glaucon: “If there be any merely bodily defect in another, we will be patient of it and will love the same.”

    These notes were later taken up by Christianity and sustained in all octaves, until the whole of Europe rang with them. And it is more or less true to say that Christianity is merely Platonism for the mob.

    Today, Clinton’s America is drowning in the worship of everything degenerate and ugly. The healthy and productive are being taxed to support the diseased and useless. I do not agree with one critic’s proclamation that the stupid have just as much right to live as do the intelligent. Perhaps it is time to re-examine what we mean by “rights”.

    How often, in that panorama of the criminal countenance, do we find handsome people? From Meyer Lansky and Louis (Lepke) Buchalter to Al(phonse) “Scarface” Capone and Charles (Lucky) Luciano, they were ugly, very ugly and repulsive to an extreme. What god were they in the image of?

    The ancients held that a beautiful soul was contained within a beautiful body and so was a sound mind. Then came the acceptance that the beauty of a soul had nothing to do with the appearance of its container, as we have seen. Today, the reversal is in place where ugliness, such as found in the hunchback Quasimodo, the “elephant man”, ET and the super cheese Jedi of Star Wars, is coupled with virtue and intelligence. The highly advertised and over-rated hideous Albert Einstein is the stuff nightmares are made of. It boggles the mind to contemplate why God is supposed to prefer the botched and repulsive. I do understand why the botched and repulsive like to believe that they possess heavenly attributes. Beliefs are not necessarily facts.

    (Adapted from Anthony Ludovici’s, The Choice of a Mate, Bowering Press 1935, pages 22-25.)

  4. loki says:

    Advice for the revolutionary:
    If a racist, you’d better know the bloodline of your leader and of those with whom you associate.
    If an anti-Semite, you’d better be able to recognize a Semite when you meet one.
    If a Nazi, then remember that Hitler never had a book list or other merchandise for sale.
    Make sure you know the definitions of the words you use.
    Remember that no man is any better than his word.
    Religion, economy, and so on, flow from the Nation — not the other way around.
    A Nation is no stronger than those who comprise it.
    Strive to become a valuable man; a man with integrity and honorable character.
    If your crotch does your thinking, then you are useless for any substantial purpose. FAEM.COM

  5. JamesTheJust says:

    I told my children when they were young adults that if they ever took on a sexually immoral lifestyle that I would make them leave and I wouldn’t have anything to do with them until they changed to GOD-fearing people. I meant it then and I mean it now.

    The damned satanic jew, perverted our children’s minds through pornography including the soft sex and “open” G-rated crap they call entertainment Talmud-vision. They infiltrated our schools and wrote the perverse curriculum prevailing in “public” SPECTACLE “education”. They infiltrated our places of Christian worship as “wolves in sheep’s clothing” and demanded that Christians accept their lies that they are “g-ds chosen”. They demanded that we allow negros and other beasts of the field into our assemblies. (If they only knew WHOSE g-d!) They infiltrated our government with bribes, threats, flattery and law suits.

    None of these blasphemies would have been allowed in our Saxon nation; only two generations ago. Our people went to assembly when going to assembly meant something. They worshiped GOD and not the jewish version of one.

    How quickly these demons work when their “big boss” tells them to implement plan “B”, or “C” or whatever the Talmudic/Cabalistic code name happens to be”.

    Never in the history of our White Adamic race have we been this bad off. There are no other lands where we can migrate, as we have in the past, when the jew has finished destroying our once great nation states. Our White race as excelled in inventions, which have always been turned into a weapon against us, by the damned jew. We have been their biggest benefactors; greatly accelerating the jews cause, while they have been our biggest curse. Its almost time to return the favor, double fold!

    Satan (the opposers) know they have but a short season.

    2 Chronicles 7:14

    If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

    In Isaac shall they seed be called. Sacca sunni. Saxon

    Ecclesiastes 3:1

    To every thing there is a season, and a time to every purpose under the heaven:

  6. Julian Lee says:

    I went to YouTube and the a big banner was there hyping a new movie called “Wilfred.” It shows a man licking the face of another man, big tongue and all. Of course, the Jews have a story line all cooked up to rationalize the weird picture, and the guy getting licked makes funny eyes like, “Oh, creepy!” to throw a sop to heterosexual men and get away with their little incremental. (I guess somebody’s wife, Wilfred, looks like his male dog to everybody else? But why the hell choose a male actor if it’s supposed to be the guy’s wife?)

    But the main point of it, what the Jews wanted, was to show a man licking the face of another man. To simply put something homo-erotic in front of the masses. They got the image out there, justified by their dumb story line. Next, it’ll be something worse.

    This is how Jews sneak their rot into our minds, rot the society, and incrementalize the people with corruption.

    And don’t tell me, “Oh, a Gentile wrote the screenplay,” or “A Gentile directed it.” You can’t bunk us anymore, tribe. You run this stuff, you put it out, and you decide what’s gonna be put out, and how it’s gonna be put out.

    It’s the Jews, it’s the Jews, it’s the Jews.

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