Article Image Psycho Clown Mask Angered People Wear

II. Federal Reserve Is “Private” Institution Run By “Thieves” Is A Dangerous Lie

Written by Edwin Sumcad Subject: Federal Reserve

     To lie in public that the United States Federal Reserve is a private agency run by thugs could fire up psychopaths to kill. [See Psycho Clown Mask]

     Hate-propelled public deception has always a treacherous backlash. Imagine that this anti-Fed campaign is caught by millions of ignorant radicals and very angry leftist revolutionaries across the country. Such falsehood being spread around – that the Fed is a private bank run by “thieves” – becomes the gospel of truth through constant exposure that fires up deeper hatred against the government. Rush people with deep resentment in their heart are motivated to undermine law and order, or even emotionally driven to kill.

       The U.S. Holocaust Memorial Museum shooting on June 13, 2009 in Washington, D.C. killing a security guard demonstrated this fired up hatred of 88-year-old white supremacist named James W. von Brunn, against the Jews. When random killing flares up and more bodies land in the morgue, we know what causes it.

       If the intention to spread this hate-the-Fed contagion to the public at large is to change America by invoking our constitutional right to arm ourselves and start a bloody shooting war against the government, foolishly showing how our forefathers’ concept of the right to revolt in the name of liberty and freedom has been systematically distorted, we must condemn this public deception against the Federal Reserve; the condemnation should be categorized as a terrorist revolt worse than the insane agenda of terror Osama bin Laden and Al Qaeda have, i.e., butchering Americans and bombing this nation to kingdom come, which is predicated on cajolery and executed with finesse through treachery. 

      There is no doubt that those who hate the Fed hate America. We do not need a local political 911 spawned by the likes of Bill Ayers, Barack Obama’s previous working colleague otherwise known as the anti-Vietnam-war “Bomber”, or Colorado University’s “Little Eichmann” Ward Churchill, Timothy McVeigh, notorious Oklahoma bombing weirdo, 

 or another psychopath like Theodore Kaczynski, The Unabomber, exploding in our midst! Having Barack Obama as president whose birth certificate millions suspected could be fake, is to millions of Americans, already more than enough for them to bear!

     Anyone who is privileged to know the truth of what the Fed is all about, especially its function in the economy as the nation’s Central Bank, has a public duty of a law-abiding citizen to confront the lies and expose any vicious charlatan who by dragging the reputation of the agency down the gutter the general public ends up the loser. We end up the loser because such abomination injects into the veins of the enemy additional lifeblood of terror.

     In sharing the light of knowledge and awareness on this issue, I published these disquieting concerns all over the Internet. A curious reader may “Google” or search the Web, to locate what I have written about the Federal Reserve. 

     One of the many editorial reports could be found right in the, and also in this site, and in other nationally known Websites. [Click on these links to get a sample: Federal Reserve, Fed I, Fed II or America sans the Fed.]

       Righting a wrong down the road always merits a lot of sweet and sour rewards to hardworking journalists … including being called names, by very emotional character assassins whose doggy dry mind unfortunately can only bite hard but cannot argue intelligently in public fora.

      The American public knows that Dr. Ron Paul leads this revolt against the Fed. The Congressman from Texas should not be denied his voice against the Fed. Neither should his right be suppressed or ridiculed, in advocating his manifest intention to exhibit his rather patriotic-sounding but deemed “strange” political agenda against the Federal government run by a different breed of politicians he believes are less perceptive or less heroic than he is. 

      But notwithstanding any ego-massage of those who disagree, many followers agree with his perceptions. Still many others consider him a “guru” with magical “cures” to the nation’s manifold illnesses.  Although the prescribed cure might have come from another planet because it is hardly understood, it has some kind of placebo-effect that numbs the pain of the wound. With the nuclear blast of the current economic debacle, not to speak of its sickening financial radiation all over the place, to say that millions of Americans are sick and wounded, is an understatement.  In this sense, they needed a doctor.

      The only problem is – and this problem the public already knows -- Paul is indeed, a doctor of medicine that speaks economics most economists admit they hardly understand. A few believes he brings into today’s politics new ideas about our long lost freedom and liberty.  This is a libertarian website and since Paul is a libertarian politico, he has a good support. 

       I am not a libertarian – only a devoted sentinel of free speech – but I endorse this support and encouragement from an advocate of freedom of expression as one of the anchors of our individual liberty, especially to be free of any government control and censorship when we desire to communicate ideas across the wide spectrum of dissention and disagreement on issues of national interest.

       But in this esoteric economic discipline no matter how far, and notwithstanding where my experience and academic advantage are coming from, I am afraid that the ranks of those who hardly understand his economics includes me … the truth, I cannot hide but instead humbly confess.

       However, I do not criticize Dr. Paul’s person not because of fear of a threat of physical and spiritual harm coming from a politicizing loyal group of followers. I am sure Paul’s decent judgment is first to disapprove when overzealous disciples step out of line. On the contrary, I count myself among those who admire the Congressman’s courage next to his amiable person who as a doctor of medicine [one of my sons is a hardworking doctor] is gentle to life he saves. I am only not in accord with his political ideas and economic critiques aired in public that many Americans like me cannot help but disagree.

      For example, our illustrious forefathers are being used by Fed abolitionists spearheaded by the Congressman to argue the abolition of the nation’s Central Bank.

       We can name a couple or so of our forefathers who criticized banks and greedy bankers many, many years ago.  They have been presented and represented with scripted damaging anti-Fed commentaries seen and heard in the tube and in the screens of edited and heavily slanted audio and videotapes.  We owe our forefathers their traditional vigilance on freedom and it is being wrongly exploited to the hilt; their liberating wisdom in the past always fits the problem of their time, and with it is their caveat on what to avoid in the days ahead, all of which are being used to destroy the success of a nation that they have founded.

      But their world then had now changed so drastically that this transition to a better world boggled the imagination. The explosion of scientific information, modern discoveries and technology many centuries later, was unimaginable then than it is now, and we are still warping in time towards the unknown, and therefore new and more totally different realities are still forthcoming. 

      Had their been a United Nations in Benjamin Franklin’s time, a World Bank or an IMF, a World Trade Organization and the like, of which the people of the world owed their creations to modern American ingenuity and leadership, I am sure our forebears would have been wise enough to engineer a national central banking system that would enable the nation to address the complex problems and wherewithal of our political and economic life in accordance with the needs of our modern time.

      The harsh criticisms of a couple or so of our great ancestors against the weaknesses of banking and bankers in their time should be remembered at all times, but these should not be used against today’s central banking system or the Federal Reserve at a wrong time.  These are of two different times.

      For, indeed, it is wrong to fault the Fed for the printing of paper money [our forefathers started it to finance their revolution against the Crown of England; it is also a function of central banks of all nations to use paper money for economic development] and for the creation of our credit system needed to make this nation the greatest, the wealthiest and the mightiest on the planet.  

      Furthermore, the Fed’s central banking mechanisms that employ flexible Keynesian fiscal and monetary policies to good advantage, are economic panacea of our modern time, which is hard to see when the mind’s eye is politically and ideologically beclouded with spite and malice.

      Are their rogue officials in the Fed banking system? Sure … but critics should see to it in whatever way they can, that they are brought to court. There are quite a number of existing laws under which culprits of their kind could be punished.  I have just cited several of them … [ Read Part I. Federal Reserve Is Government Entity -- Not A Private Banking Enterprise].

      In his relentless campaign against the Fed, Congressman Ron Paul is currently sponsoring HR 1207 “to audit” the Federal Reserve.  It is still being brewed in Congress and to comment on it thoroughly this early is premature.  We may criticize or praise it when it is “cooked” and served for public blessing, in the altar of public opinion.

      But here is the acid test to find out if the bill is worth wasting the taxpayers’ money: The need for a government audit is premised on Paul’s argument – actually based on his widely published criticisms -- that the Federal Reserve is a “private” bank owned and managed by private bankers, hence it should be audited.

       Under this thinking, the Fed is a “private” business venture. Of course it is a fallacious thinking because the Fed is a government entity. But let’s go along with Paul’s declaration that the Fed is a “private” business.

       Based on that concept, the bill could create a dangerous precedent.  When HR 1207 becomes a law, what would prevent the government from “auditing” private corporations or any private business or entity at will, like how it will audit the Fed, which Paul declared is a “private”, not a government, corporation?

        A concerned American – possibly a franchise holder -- opined in his own protest blog that we have a monkey on our back if the government audits McDonald for promoting the sale of Big Mac. There will be no more free enterprise to talk about outside the control of government, starting from the “Obamanition” [nationalization] of the healthcare system and the auto industry.

       Paul criticized President Obama’s drive towards radical socialism or extreme communalism where the government holds our free enterprise by the neck. 

      In this sense, it saddens me to shoot a question of grief like an arrow into the wind: Is the Congressman unknowingly playing himself and his loyal followers right into Obama’s hand?

      This suspicion is cryptic and creepy. If Obama and Paul are actually “friends” behind the scene, the calamity to expect from that covert friendship, whether actual or implied, is worse than history’s 911 infamy.  It reminds us of the Conspiracy Theory. Reminiscent of that conspiracy, like New York’s Twin Towers, this country will surely collapse not by explosion but by implosion! #


© Copyright Edwin A. Sumcad. access June 25, 2009.

      The writer is an award-winning journalist. Read more about the author and his writings, or you may e-mail your comment at 

8 Comments in Response to

Comment by Larken Rose (19393)
Entered on:

It's easy to get lost in confusing minutia, instead of focusing on obvious principles. People can predict all manner of mayhem if not for the glorious Federal Reserve "protecting" us, but here is the painfully simple, undeniable bottom line: The Federal Reserve makes money out of nothing. Then, mostly through loans, they trade the new fabricated currency for the real time and effort of people who have to earn their money, who can't just make it up out of thin air. In other words, the Federal Reserve gets lots and lots of power and wealth in exchange for NOTHING. The Fed doesn't produce one scrap of actual value or wealth. That's simply not disputable, nor does the Fed even try to hide that fact. Of course, if you or I traded NOTHING for lots and lots of wealth, it would be called fraud and theft, and rightly so. So who wants to make the argument that we NEED some group committing TRILLIONS of dollars of theft and fraud every year? Can someone explain why we should be thankful that someone is doing that? Anyone?

Comment by Ernest Hancock (1003)
Entered on:

The Truth About The Fed That Hurts

Letter Written by: Lolo
Date of Letter: 2009-06-25
Subject: Federal Reserve

 Dear Ernie,

I could understand why on June 24th, 2009 withdrew from public viewing the two research-backed opinions I wrote about the Fed, namely:

I. Who Said Federal Reserve Is A Private Banking Institution?

II. Federal Reserve Is “Private” Institution

Run By “Thieves” Is A Dangerous Lie.   Dr. Ron Paul, a known Libertarian, is leading the campaign to abolish the United States Federal Reserve, which according to him and his followers is a private institution run by “thieves”. He is supported by Paulian worshipers and his libertarian agenda is promoted by   The titles of the withdrawn editorials alone are enough to upset Paul’s followers – especially those who feel deeply for him and couldn’t think deeper on the adverse implication of his campaign or could not see and admit that the Fed is not a private but a federal, public institution.   The choice between giving the public the rare opportunity to see the truth that the Fed is a public entity thereby undermining the basis of the anti-Fed abolition campaign that it is a “private” banking agency run by “thieves” on one hand, and suppressing the truth to protect Paul’s public image on the other, is not an easy decision for you to make. You chose the latter.   I respect that. As I said I understand. This is your website, and I do not question your right of ownership as to what extent you are going to use it, to promote your own personal and public purposes.

But I do support your public purpose – and that is to provide the public a venue of free expression. That’s why I am here.  It is from here that the legendary Phoenix surges back to life … to rise to the immeasurable height of freedom from the ruins of dictatorship, from the stranglehold of despotism and intolerance, and to be free of government censorship that wilts life itself.  You and I are parallel in this destiny -- to fight and die for freedom.   The purpose of this letter which I hope you will publish is to let you know that I have never attacked or criticized Dr. Ron Paul’s person. I admire his private person, just as I love my son, a very loving and humane person, which is a gift to humanity.  I only disagree with his publicly declared economic and political philosophies as we search for a true leader this country can rely on in times of bliss and crises.   Also to let you and our reading public know that the withdrawn pieces are in my log-in file, complete with a truckload of angry comments of those in the campaign trail to abolish the Fed.  They appeared to be deeply hurt by the articles – actually seemed severely wounded by the truth they saw for the first time that the Fed is not a private entity that they had been led for so long to believe.   Since the withdrawn Fed articles and this rain of vitriolic comments are only accessible to me, I am the only one who sees the axe before it drops and slices the flesh.  I think you designed it this way … to shield my agony from public viewing, and to send me the unspoken message that full reading of the expose’ is not welcome in this site, even though it is a great opportunity for any reader to know that in those written editorials lies the erstwhile one-time reality or the only hidden truth, about the Fed.   There is nothing mean-spirited in those hurtful comments that I have not anticipated.  I said so myself right in the articles itself. Those who feel deeply for Paul and cannot think as deep as their feelings, as to what his politics and economics mean to the country, will immediately dive into personal attacks right after they read the expose’, throwing the author to the shredder and make mincemeat out of his person.  The can only do so because it is all feelings – nothing above the chest, or anything academic about it, beyond those emotions. Thus I do not bother myself wasting my time in answering them.  I have lost any desire to give the light of knowledge and understanding they sorely needed, especially to those who could no longer be helped.   I noticed that among those spiteful comments, only Powell Gammil is having a ball out of those printed personal abuses – he said so himself that he enjoyed it.  However, he is the only one that defends from being dragged down to the gutter as a result of “ad hominum” attacks that were allowed in print against the person of the writer – which obviously he believes is not good for a freedom site.   

“Comment by: Powell Gammill 
Entered on: 2009-06-24 21:58:01

“Ad hominum attacks do not do anyone justice on FP.  Edwin may very well be fluent in English as a second language as he is from the U.S. Commonwealth of Puerto Rico.”

I would not even comment on what Gammill said about myself. Gammill is obviously not one of them.  But here’s a tap on the head: Terrorists who attacked my English only know the English of terror.  What English are they talking about other than their own?  If they can show several journalism awards of excellence like I have, then perhaps they have a redeeming quality to be saved from the firing squad.

Yours truly,

Edwin A. Sumcad

Writer: Ernest Hancock
Writer's Response: Edwin,   Free-Market advocates _know_ that the Federal Reserve isn't a free-market entity. Try to compete with something else (even backed by precious metals) and you'll get a jack-booted understanding of how the money monopoly really works.   FreedomsPhoenix' editorial policy is pretty much whatever Powell and I say it is. The overwhelming principle is to allow for free expression of opinion. The structure of the site allows the readers to easily avoid writers that they have learned are Brain Drains and a waste of time.   However, for those hoping to take advantage of the opportunity to make their opinions clear on a particular subject using the writings of another is stimulating to many. For new readers, they can only get the 'Free flow of ideas' concept over time and the comments section helps them speed this process up.   Your article is still on the front page at the bottom in the Opinion and Article section. And you'll notice that we reformatted the site so that the comments show up on the same page opened to the original article. This change was motivated by you and others that would use FreedomsPhoenix to promote their writings without any say from the readers of the site about what you have to say.   Soooooo, this change allows for you to share your writings while the site readers are able to provide their comments on what was shared.   Of all of the postings that you have made on this site I have read maybe the first two... I get it :) But the comments are always entertaining.   Most of the awareness I have of your postings is due to the emails I get wondering why I would allow your work on FreedomsPhoenix in the first place. But then I get some of those emails about others' writings that I personally like. So I do my best not to make any more of a judgment other than how long I allow the piece to be on the front page and how high on the front page. Very rarely to I just delete a posting. I think that I have done that maybe 5 times over almost 5 years and 60,000 entries.   It wouldn't surprise me if one of your writings were one of them but I usually target for deletion the stories that are superficial and full of useless personal attacks that are without a meaningful purpose.   Privately to my friends and supporters I do my best defending the publishing of your work... "for the entertainment and education of our readers about the thought process of people that support (fill in the blank)"   I'm sure that there may come a time that we will be more selective due to an over whelming volume of entries (we are already at two daily editions - and I doubt we'll go to a regular 3rd edition) But for now I hope to keep the site open to those that are very counter to the opinions of our editors and the majority of our readers.   Your opinions are... well, you are the one that has to defend them in the open here. And that is the only way that they are ever going to appear on this site... in the open, surrounded by the comments of others about what you had to say.   Now don't make me have to read all of your stuff,... depending on my mood, I just might hit the delete key :)   Ernie


Comment by Powell Gammill (13871)
Entered on:

Ad hominum attacks do not do anyone justice on FP.  Edwin may very well be fluent in English as a second language as he is from the U.S. Commonwealth of Puerto Rico.

Comment by Michael Haggard (21213)
Entered on:

He is real and he is a poor writer. I have lived in a non-english speaking nation for 6 years now, and I have graded paper written in english by ESL students that were better constructed than this one. His BIO is self written here: and is as proofless of his claims as the above article.

Comment by Rocky Frisco (15250)
Entered on:

Where's the "onion" link to this ridiculous twaddle? I must approve the lickspittle author's pen-name, "Some Cad."

This alien obviously came from Uranus.

Comment by Freed Radical (3141)
Entered on:

Ernie-- Can we please lose this neo-con troll from Freedom's Phoenix? We can hear this "the FED is essential to life as we know it" garbage from the lamestream media. This clown still believes the government's 9/11 conspiracy theory and defends torture and the Patriot Act. Maybe we should stop advocating freedom and merge with "Free Republic." Eric

Comment by Jason Dimitrov (10088)
Entered on:

I'm thinkin' HR1207

Comment by Barry Hess (1035)
Entered on:

This is a parody right?  After all, 'who' else but a kool-aide drinker would spout nonsense like saying the Fed wasn't a "private" bank (run by thieves) and then not demonstrate what is wrong with the assertion.  It was weird reading, like he (or she) was told what to say and had nothing but denials in his/her bag of 'free speech' tricks.  No substance whatsoever.  I even read the Robinson Caruso bit--waste of my time with more of the same drivel. I guess these apologists for the Fed have a reason, but other than being on the payroll--I can't think of any.  It would seem 'normal' for a 'free speecher' to repeat nonsense ad nausium in hopes of convincing a thinking person that the sky is not blue........too, bad, cause the only thing worth noting is the clown picture--is it the writer?

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