Germans Want to End the Fed?
by James Corbettcorbettreport.com
June 21, 2014
This article originally appeared in The International Forecaster newsletter. To subscribe to the Forecaster, please visit the website.
On the evening of Monday, September 4, 1989, a handful of people dissatisfied with the East German government organized a peaceful demonstration
in the courtyard of the St. Nicholas Church in Leipzig. People in other
cities, hearing of the demonstration by word of mouth and from West
German television coverage began convening their own demonstrations on
Monday evenings. By early October, the Leipzig demonstration had swelled
from its original few hundred participants to a massive 70,000 people, a
full 14% of the population of the city. The next week, there were
120,000 people at the protest. The week after that, 320,000. The East
German security forces refused to intervene for fear of causing a
massacre, and in November the Berlin Wall fell. A revolution had
occurred.
Three months ago, Lars Maehrholz, a
German citizen concerned about war, freedom of the press and the Federal
Reserve began a weekly peace demonstration in Berlin. At the time he
was the only person in attendance, but after attracting a larger
audience and garnering coverage from a local mainstream journalist, Ken
Jebsen, the movement now boasts a combined 20,000 participants in 100
cities across Europe.
Is a revolution occurring? Lars Maehrholz
hopes so. Last week, he told Luke Rudkowski of citizen journalist group
We Are Change about the origin of the protest: “I started this movement
because I realized that the Federal Reserve Act is one of the worst
laws in the whole world. A private banking company is lending America
money, and in my opinion America is not democratic anymore. The Federal
Reserve tells the government what to do, and that’s a problem.” Asked by
Rudkowski why a German protest movement would have as one of its
targets the U.S. central bank, Maehrholz explained: “Because when you
realize that the finance system is a global system, you have to go back
to the beginning of the system. And in my opinion it’s also the World
Bank and the IMF and things like this, but at the beginning of all this
is the law from 1913.”
That the German people (or at least a
segment of that population) seem to be better informed about the evils
of the Fed than the American people may be surprising at first glance,
but there may be a logic to it. After all, this is the country where a
growing grassroots movement called “Repatriate Our Gold” arose in 2012
and forced the Bundesbank to issue a remarkable statement
in January 2013 announcing that they would indeed repatriate 674 tons
of their gold holdings at the New York Fed by 2020. The announcement
came as a shock to world markets and the clearest sign yet that the
Bundesbank was taking the threat of a death spiraling Euro seriously.
Boy what a difference a year makes. In all of 2013, the Bundesbank actually received a paltry 5 tons
of gold from the New York Fed out of a scheduled 84 tons. High-ranking
Merkel officials are tripping over themselves to tell the public that
this is a good thing, but the public clearly are not buying it. They
know that something is rotten in the state of Germany, and that rot goes
back to the Fed. Hence the Monday demonstrations.
Depending on whether you’re a glass half
full or glass half empty kind of person, this is either great news or
depressing news. It’s great insofar as there is a growing movement of
concerned people across Europe that are identifying the real cause of
the world’s economic problems: private central banking in general, and
the Fed in particular. It’s depressing to think, however, that there is a
larger and more active anti-Fed movement in Europe than there is in
America itself. The wind has long since left the sails of the American
End The Fed movement and the Campaign For Liberty has so far failed to
continue Ron Paul’s legacy of opposition to the bank. The real question
is: who is the American Lars Maehrholz and when will Monday
demonstrations begin in Washington?
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