Skeptical questions about the Federal Reserve conspiracy

[Scepcop]

I'm wondering something. A lot of people and authors in the conspiracy movement simply tout these Federal Reserve banking conspiracy schemes like religious tenets without showing any evidence.

Even credible scholars like Edward G. Griffin have written a book about it called "The Creature From Jekyll Island". It's supposed to be the best one. Glenn Beck on Fox even did a special report about this, just before he was fired for it. You can see it on YouTube here: http://www.youtube.com/watch?v=vB5LK-jihgk

If you want a step by step explanation for it, see the popular internet film "Zeitgeist Addendum". There are many documentaries about it on YouTube too.

However, I'm skeptical of this whole Federal Reserve conspiracy thing. Its claims are that:

- Every US dollar in circulation in the US economy is created by debt and is owed.
- The Fed prints money out of thin air backed by nothing, called "fiat money".
- The banking elite owns America and the US government by controlling its money supply and funding the government itself.
- The Federal government gets ALL its money from the Federal Reserve and international bankers, which is loaned at interest and can NEVER be repaid. The government does not print money and owes everything to the Fed.
- All the taxes you pay goes to pay the interest on the national debt, not to any domestic public services.

The reasons I'm skeptical about all this are:

- If all this were true, then wouldn't there be millions of whistleblowers talking about it from government and finance? It seems too black and white cartoonish.
- Also, wouldn't the leaders of other countries be exposing America for it? Why hasn't Putin talked about it on Russian news or the leaders of the Middle Eastern countries brought it up? Why isn't the whole world talking about it? How come its only talked about in conspiracy circles and alternative media?
- Wouldn't such a ponzi scheme have collapsed a long time ago? How could it have gone on since 1913?
- How can the banksters loan the government all its money at interest, which can never be repaid? What a stupid system. The people who own the banks must be a lot smarter than that.
- If all the trillions of national debt is owed to the banksters, then why don't they just cancel out some of it to help the economy? Why do they let the national debt keep growing forever? Can't they just cancel or write off some of it? What would they have to lose by writing off the national debt, since the money doesn't exist anyway and they have unlimited money?
- If the banksters could print unlimited money and had unlimited wealth, then why would they care about getting richer? Why would they start wars for profit? Wouldn't that be like adding ice to Antarctica? Why would they need any money at all if they are creating all of it?
- Why continue to tax the American public, if you already have unlimited money and can print it anytime? What's the point of the IRS or the income tax amendment?
- Why does one have to qualify for a loan from a bank, if the bank issues money it doesn't have out of thin air under "fractional reserve banking"? Why doesn't it just give everyone a loan and not ask it to be paid back, since the bank has nothing to lose when it distributes money out of nothing by typing it into a computer?
- Why don't the banksters give every American citizen a million dollars? The banksters that create money out of thin air would have nothing to lose right?
- Why doesn't Congress just do whatever it wants, since money is no object and can be printed out of thin air?
- Why would the Federal government allow the banksters to control the entire money supply and issue all currency in the first place? Why would they allow the banksters to own the government itself?

So you see, this theory doesn't make much sense. I'd like to see some evidence for it. What's the basis of it? Conspiracy people tout this like they are religious truths. But what's the evidence and basis for it? Does Ron Paul believe in this?

Can someone enlighten me? Where's the evidence or proof for all these claims?

[NinjaPuppy]

[really?]

Winston, I think you done an excellent job questioning why conspiracies should always be suspect.

[NinjaPuppy]

[Scepcop]

[Arouet]

[Misha]

[NinjaPuppy]

[Misha]

[ProfWag]

Considering I have an M.B.A. and have taught Econ in college, I could probably answer your questions with some authority, but I doubt you would believe anything I say. If you are open to listening, ask me a question or two (rather than the 80 you asked on the post).