Saturday, August 25, 2012

Russia's "End the Fed" Movement Gains Traction

Russia's own Federal Reserve Bank
photo source
Brandon Turbeville
Activist Post

In what seems to be the stirrings of a Russian “End the Fed” movement, a band of Russian Duma deputies has embarked upon a mission of removing the power of setting interest rates from the Russian Central Bank and placing it in the hands of the government.

Thus, the Central Bank would be left only with regulatory duties, while placing the authority of setting interest rates in the hands of the Russian government.

United Russia Deputy, Yevgeny Fyodorov, a supporter of the new legislation and a member of the Duma’s Budget and Tax Committee, stated that shifting the responsibility of setting interest rates to the Russian government would “enliven the Russian economy and create new jobs.”

Fyodorov also stated that the Central Bank, as it currently stands, holds itself apart from the problems of the Russian government and the Russsian economy in general. He claims that, if interest rates are set by the government as opposed to the Central Bank, they could be drastically reduced to the benefit of the economic activity.

According to the Moscow Times, the Russian Central Bank currently holds interest rates at around 8% for 2012. However, Fyodorov claims that a 1% percent rate would be more “appropriate” and that an interest rate of this amount would make the Russian Central Bank “more competitive with European banks.”

Going even further, Fyodorov told the Rossiiskaya Gazeta that the Russian Central Bank, which was only recently established in the 1990s, was “set up from the very first to realize the goals of the United States.”


Of course, while stating that the Russian Central Bank is a tool of the United States might be somewhat misplaced anger, Fyodorov at least has his sights set in the right direction.

However, it is not the United States as a traditional enemy nation that is manipulating Russian currency, so much as it is the same coterie of international bankers that manipulates the American money supply via the private Federal Reserve and the entire Third World due to the IMF and World Bank.

In all fairness, however, Fyodorov’s statement is not completely without merit.

This is because, after the fall of communism, the central bankers who dominate world finance have, through IMF shock therapy[1] and domestic manipulation of the Russian economy, largely slowed any growth in Russia, while feeding the American war machine to act as the battering ram for the implementation of the New World Order.

Predictably, Fyodorov’s plan is being met with both opposition and derision from the rest of the Russian political class. As reported by the Moscow Times, Prime Minister Dimitry Medvedev’s cabinet has refused to support the legislation. Likewise, “experts” have almost universally suggested that Fyodorov’s as ludicrous with some “industry insiders” suggested that the plan was making its rounds as joke emails.

Such ridicule is reminiscient of the treatment dealt to the lone voices of reason in the political wilderness of America like Ron Paul and Dennis Kucinich. Initially the criticisms of the private central bank are dismissed as conspiracy theory or fringe. But, as awareness increases and a movement grows with it, the need for an end to the private central banking system can no longer be relegated to the shadows.

Fyodorov is, of course, not alone in his battle against the private central bank. Also supporting the bill are: Anton Romanov, member of the Energy Committee; Andrei Murgoi, member of the Financial Markets Committee; and Viktor Zvagelsky, deputy chairman of the Duma’s Economic Policy, Innovation Development and Entrepreneurship Committee.

Although Fyodorov’s suggestions that such low interest rates at the highest levels will spur growth might bring with them some problems as well as benefits, the fact is that Fyodorov and his colleagues are undoubtedly on the right track.

While it is unlikely that the private central bank will surrender any of its authority without a fight, it is high time that courageous Russians step into the ring.

[1] Tarpley, Webster Griffin. Suriving the Cataclsym. 3rd. Edition. Progressive Press. 2011.http://www.amazon.com/Surviving-Cataclysm-Through-Financial-History/dp/1615776001/

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Read other articles by Brandon Turbeville here.

Brandon Turbeville is an author out of Mullins, South Carolina. He has a Bachelor's Degree from Francis Marion University and is the author of three books, Codex Alimentarius -- The End of Health Freedom, 7 Real Conspiracies, and Five Sense Solutions and Dispatches From a Dissident. Turbeville has published over one hundred articles dealing with a wide variety of subjects including health, economics, government corruption, and civil liberties. Brandon Turbeville is available for podcast, radio, and TV interviews. Please contact us at activistpost (at) gmail.com. 


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17 comments:

Anonymous said...

All people should be pushing to take the power away from this parasitical class in every
country.
Economic policy and power should be in the hands of the people.
Good for this group of Russians who have seen the light.
If low interest rates are so wonderful in the west why not in Russia.
Why?
Because it suits the people with the purse string, not because it suits the Russians.

Anonymous said...

Wow! Ron Paul is having a GLOBAL EFFECT? !!! Too bad Russia listens to Ron Paul, but not the GOP. Oh well. It isn't about the GOP, anyway. The future belongs to PEACE, SOUND MONEY, LIBERTY, and the U.S. Constitution.

William said...

Look for "Pussy Riot" and the NGOs backing the attacks against Putin to be absolutely mum on this one...

Anonymous said...

Yes, Russia get rid of the scum that bankrupted your economy. Kennedy got his brains shot all over the street for the same move, but PĆ¼tin has more experience with the 'mob'. Rrrrrraaaah!!!!

apeman2502 said...

Well, alright!

Anonymous said...

One by one countries throughout the world are fighting The Dynasty of Bankers

Anonymous said...

Give the Government the power and they will print money 24 hrs a day

Anonymous said...

central banking is an unneeded parasite.

Anonymous said...

To all banksters,The tide is turning andit's turning now!Rgds Arth

Anonymous said...

People don't know the real central bank scam.
Central banks needs to be dismantled and GOVERNMENTS MUST PRINT THEIR OWN MONEY WITHOUT ADQUIRING ANY DEBT TO ANYONE. PERIOD.

The creation of money, out of thin air, by central banks which has to be given back at interest is the ultimate root of our problems.

While this is not understaood nothing will be really changed.

JAMES GOODE said...

The 99% VS the 1% - A battle to be fought and won with truth and unity! The people have finally started to come together. You cannot convince me that tiny Iceland can handle the “Cabal” and WE cannot!
Now is the time to join forces with those you would not normally consider. THEY win as long as they can keep us divided and focused on diversions like Left vs Right. Others have carried the load of exposing this corrupt activity for years. Now we the people NEED to come together and make it a major issue in the news and in this political cycle.
JOIN US, this is YOUR cause too (Click the “LIKE” button and spread the word): www.facebook.com/BankAndPoliticianFinancialCorruption

Kent Welton said...

The whole world is working to overthrow the banksters - i.e., the private debt-money cartel that is the bane of our lives and the curse and corrupter of capitalism.

Kent Welton,
PublicCentralBank.com

Anonymous said...

Yevgeny Fyodorov is a Hero. Long Live to him!

canobs said...

___ Icelandic people are the greatest, and Y. Fyodorov my hero as well as this little American woman at: - webofdebt.com/articles - her name EllenBrown ___ These people trying to get the world away from the enslavement of interests, taxes and debts all sent to the private banksters (Rothschilds,Rockefellers,GoldmanSachs,their agent Soros etc...)

Anonymous said...

The double dip, double digit, hyper-inflationary recession that is progressing into a full blown depression will keep spiralling out of control until world war 111 or total financial and economic collapse.

The elite globalist banking CABAL that are members of the Illuminai, their agenda is:
1-Population Reduction
2-Control of all the resources both human and natural

They are the personification of evil and will be destroyed in the Great War of God the Almighty in the battle of Armagedon along with satan the devil and his demons.

Armagedon is to clense the earth where only righteous people are to dwell.

KeithLJ said...

The actions of the bankers were included in the Magna Carta of 1215. We still have the problem. Some of the ideas of King John were great. Would make for great reading.

Kevin Holland said...

Great news! Thank you Mr Yevgeny Fyodorov and your colleagues for your courage to step up and do whats right.

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