When J.P. Morgan, on behalf of the Rothschilds, took advantage of a weak government, back in 1913, to create the Federal Reserve, the big banks got control of our money.
From that point forward, instead of the government printing or minting money on its own (such as the Civil War greenback), rather the United States government can only get money or credit, beyond taxes, by borrowing it from the consortium of big banks known as the Federal Reserve.
The main purpose and use of the Federal Income Tax is to pay the interest on this debt.
We, America, owe our soul to the company store, this bank consortium.
Since 1913, we have gone through a few major cycles of boom and bust. During the booms, we ramp up our debt. Governments, corporations and individuals go into debt more, since it is readily available and life is good. During the busts, prices are driven down (major companies sell for pennies on the dollar) and more control is handed over to the central banks. Well, actually, they got that control when we increased our debt; the bankruptcies and foreclosures of the hard times just make manifest what was already implicit, that we no longer own this land nor the fruits of our labor nor the wealth of the savings of ourselves or our ancestors.
The Treasury, by the 1913 law, can only make more money by borrowing it from the Federal Reserve. So regardless of the details of how this AIG deal goes down, the central banks, such as JPMorganChase, and the most powerful people behind them, gain increasing control over our economy, our government (most Democrats and many Republicans in Congress are bought and paid for), our federal bureaucracy, our mainstream media, our most prestigious universities, and the largest grant foundations.
This is another bust, and the big cats are raking in more, increasing their grip.
This time, unlike perhaps the 1930's, they are trying to do it without a terrible deflation inflicting great stress on the common people. Severe depressions make us peons harder to control. They are trying, and so far succeeding, in keeping us peons feeling mostly OK with things, while at the same time driving major corporations (insurance, real estate, finance, automobile, transportation, ...) into bankruptcy, so that they can pick up the pieces, dirt cheap.
A few token fat cats in more publicly visible roles may end up behind bars, if our public cry for revenge needs satiating. But the most powerful have little fear of that happening to them personally.
Eventually, they will destroy the dollar doing this. Inflation will rise dramatically, in perhaps the one to five year time span. There is no alternative, short of a major nuclear war or the second American Revolution.
“severe depressions make us peons harder to control”
This was the one part of your post with which I cannot agree. The depression brought about the single stupidest move by our government in the last century (aside from the creation of the Fed): taking us off the gold standard. The depression also led to the most precipitous growth of the federal government in the history of the United States. The depression only made it easier to control the peons.
The government doesn't borrow from the Fed.
The main purpose and use of the Federal Income Tax is to pay the interest on this debt.
LOL!
How much did the government collect in income taxes last year? How much did the Fed collect in interest last year?
We, America, owe our soul to the company store, this bank consortium.
That's funny! Hyperbole much?
The Treasury, by the 1913 law, can only make more money by borrowing it from the Federal Reserve.
The Treasury doesn't "make money". So what?