D
DaleSpencer
Guest
The truth about the federal reserve
http://educate-yourself.org/cn/fedreservebankexplained19dec05.shtml
Dear American:
Pursuant to your request, I will attempt to clear up questions you
have about the Federal Reserve Bank (FED). I spent much time
researching the FED and these are the shocking and revealing
conclusions.
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
Article 1, Section 8 of the Constitution states that Congress shall
have the power to coin (create) money and regulate the value thereof.
Today however, the FED, which is a privately owned company, controls
and profits by printing money through the Treasury, and regulating its
value.
The FED began with approximately 300 people or banks that became
owners (stockholders purchasing stock at $100 per share - the stock is
not publicly traded) in the Federal Reserve Banking System. They make
up an international banking cartel of wealth beyond comparison
(Reference 1, 14). The FED banking system collects billions of dollars
(Reference 8, 17) in interest annually and distributes the profits to
its shareholders. The Congress illegally gave the FED the right to
print money (through the Treasury) at no interest to the FED. The FED
creates money from nothing, and loans it back to us through banks, and
charges interest on our currency. The FED also buys Government debt
with money printed on a printing press and charges U.S. taxpayers
interest. Many Congressmen and Presidents say this is fraud (Reference
1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of
the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
(Reference 14, P. 13, Reference 12, P. 152)
These bankers are connected to London Banking Houses which ultimately
control the FED. When England lost the Revolutionary War with America
(our forefathers were fighting their own government), they planned to
control us by controlling our banking system, the printing of our
money, and our debt (Reference 4, 22).
The individuals listed below owned banks which in turn owned shares in
the FED. The banks listed below have significant control over the New
York FED District, which controls the other 11 FED Districts. These
banks also are partly foreign owned and control the New York FED
District Bank. (Reference 22)
First National Bank of New York
James Stillman National City Bank, New York
Mary W. Harnman
National Bank of Commerce, New York
A.D. Jiullard
Hanover National Bank, New York
Jacob Schiff
Chase National Bank, New York
Thomas F. Ryan
Paul Warburg
William Rockefeller
Levi P. Morton
M.T. Pyne
George F. Baker
Percy Pyne
Mrs. G.F. St. George
J.W. Sterling
Katherine St. George
H.P. Davidson
J.P. Morgan (Equitable Life/Mutual Life)
Edith Brevour T. Baker
(Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)
How did it happen? After previous attempts to push the Federal Reserve
Act through Congress, a group of bankers funded and staffed Woodrow
Wilson's campaign for President. He had committed to sign this act. In
1913, a Senator, Nelson Aldrich, maternal grandfather to the
Rockefellers, pushed the Federal Reserve Act through Congress just
before Christmas when much of Congress was on vacation (Reference 3,
4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully
replied (referring to the FED), "I have unwittingly ruined my
country" (Reference 17, P. 31).
Now the banks financially back sympathetic candidates. Not
surprisingly, most of these candidates are elected (Reference 1, P.
208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers
employ members of the Congress on weekends (nickname T&T club -out
Thursday...-in Tuesday) with lucrative salaries (Reference 1, P. 209).
Additionally, the FED started buying up the media in the 1930's and
now owns or significantly influences most of it Reference 3, 10, 11,
P. 145).
Presidents Lincoln, Jackson, and Kennedy tried to stop this family of
bankers by printing U.S. dollars without charging the taxpayers
interest (Reference 4). Today, if the government runs a deficit, the
FED prints dollars through the U.S. Treasury, buys the debt, and the
dollars are circulated into the economy. In 1992, taxpayers paid the
FED banking system $286 billion in interest on debt the FED purchased
by printing money virtually cost free (Reference 12, P. 265). Forty
percent of our personal federal income taxes goes to pay this
interest. The FED's books are not open to the public. Congress has yet
to audit it.
Congressman Wright Patman was Chairman of the House of Representatives
Committee on Banking and Currency for 40 years. For 20 of those years,
he introduced legislation to repeal the Federal Reserve Banking Act of
1913.
Congressman Henry Gonzales, Chairman of a banking committee,
introduces legislation to repeal the Federal Reserve Banking Act of
1913 nearly every year. It's always defeated, the media remains
silent, and the public never learns the truth. The same bankers who
own the FED control the media and give huge political contributions to
sympathetic members of Congress (Reference 12, P. 155-163, Reference
22, P. 158, 159, 166).
THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND
DEMAND CHANGE
We, the People, are at fault for being passive and allowing this to
continue.
Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier
and then President of the First National Bank in Canton Ohio. For 12
years he served as Chairman of the Committee on Banking and Currency,
making him one of the foremost financial authorities in America. He
fought continuously for fiscal integrity and a return to
constitutional government (Reference 1). The following are portions of
Rep. McFadden's speech, quoted from the Congressional Record, pages
12595-12603:
"THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE
GOVERNMENTOF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT
OF ENOUGH MONEY TO PAY THE NATIONAL DEBT.
The depredations and the iniquities of the Federal Reserve Board and
the Federal Reserve banks acting together have cost this country
ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER."
About the Federal Reserve banks, Rep. McFadden said, "They are private
credit monopolies which prey upon the people of the United States for
the benefit of themselves and their foreign customers; foreign and
domestic speculators and swindlers; the rich and predatory money
lenders. This is an era of economic misery and for the reasons that
caused that misery, the Federal Reserve Board and the Federal Reserve
banks are fully liable."
On the subject of media control he state, "Half a million dollars was
spent on one part of the propaganda organized by those same European
bankers for the purpose of misleading public opinion in regard to it."
Rep. McFadden continued, "Every effort has been made by the Federal
Reserve Board to conceal its power but the truth is the Federal
Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT
CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT
MAKES AND BREAKS GOVERNMENTS AT WILL.
No man and no body of men is more entrenched in power than the
arrogant credit monopoly which operates the Federal Reserve Board and
the Federal Reserve banks. These evil-doers have robbed this country
of more than enough money to pay the national debt. What the
Government has permitted the Federal Reserve Board to steal from the
people should now be restored to the people."
"Our people's money to the extent of $1,200,000,000 has within the
last few months been shipped abroad to redeem Federal Reserve Notes
and to pay other gambling debts of the traitorous Federal Reserve
Board and the Federal Reserve banks. The greater part of our monetary
stock has been shipped to foreigners. Why should we promise to pay the
debts of foreigners to foreigners? Why should American Farmers and
wage earners add millions of foreigners to the number of their
dependents? Why should the Federal Reserve Board and the Federal
Reserve banks be permitted to finance our competitors in all parts of
the world?" Rep. McFadden asked.
"The Federal Reserve Act should be repealed and the Federal Reserve
banks, having violated their charters, should be liquidated
immediately.
FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE
IMPEACHED AND BROUGHT TO TRIAL",
Rep. McFadden concluded (Reference 1, contains an entire chapter on
Rep. McFadden's speech).
If the media is unbiased, independent and completely thorough, why
haven't they discussed the FED? Currently, half the states have at
least a grass roots movement in action to abolish the FED, but there's
no press coverage. In July, 1968, the House Banking Subcommittee
reported that Rockefeller, through Chase Manhattan Bank, controlled
5.9% of the stock in CBS. Furthermore, the bank had gained
interlocking directorates with ABC.
In 1974, Congress issued a report stating that the Chase Manhattan
Bank's stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the
parent company of NBC). The same report said that the Chase Manhattan
Bank held stock in 28 broadcasting firms. After this report, the Chase
Manhattan Bank obtained 6.7% of ABC, and today the percentage could be
much greater. It only requires 5% ownership to significantly influence
the media (Reference 14, P. 56-57). This is only one of 300 wealthy
shareholders of the FED. It is believed other FED owners have similar
holdings in the media. To control the media, FED bankers call in their
loans if the media disagrees with them (Reference 25, P. 134-137).
Rockefeller also controls the Council on Foreign Relations (CFR), the
sole purpose of which is to aid in stimulating greater interest in
foreign affairs and in a one world government. Nearly every major
newscaster belongs to the Council on Foreign Relations. The Council on
Foreign Relations controls many major newspapers and magazines.
Additionally, major corporations owned by FED shareholders are the
source of huge advertising revenues which surely would influence the
media (Reference 14, P. 56-59). It can be no wonder why groups such as
FED-UP(tm) receive minimal, if any, press attention.
How do taxpayers stop financing those whose purpose it is to destroy
us? First, expose their activity, then demand change.
THE SOLUTION:
Currently all we do is exchange FED money (interest attached) for real
U.S. money (interest-free) dollar for dollar as Kennedy tried to do.
We should not be required to pay interest on our own currency.
According to Benjamin Franklin, this was one of the primary reasons we
fought the Revolutionary War. Today we are still fighting the same
family of bankers (Reference 4, Reference 1, P. 211, 212).
The U.S. Government can buy back the FED at any time for $450 million
(per Congressional record). The U.S. Treasury could then collect all
the profit on our money instead of the 300 original shareholders of
the FED. The $4 trillion of U.S. debt could be exchanged dollar for
dollar with U.S. non- interest bearing currency when the debt becomes
due. There would be no inflation because there would be no additional
currency in circulation. Personal income tax could be cut if we bought
back the FED and therefore, the economy would expand. According to the
Constitution, Congress is to control the creation of money, keeping
the amount of inflation or deflation in check. If Congress isn't doing
their job, they should be voted out of office. Unfortunately, voters
can't vote the FED or its Chairman out of office.
If the government has a deficit, we could handle it as Lincoln and
Kennedy did. Print money and circulate it into the economy, but this
time interest-free. Today the FED, through foreign banks, owns much of
our debt and therefore controls us. The FED will cease to exist as
taxpayers become informed and tell other taxpayers. The news media and
Congress will have no choice but to meet the demands of grass roots
America. (Reference 1, P. 17, 22)
AMERICA DECEIVED
By law (check the Congressional record), we can buy back the FED for
the original investment of the FED's 300 shareholders, which is $450
million (Reference 1, P. 227, Reference 17, P. 36). If each taxpayer
paid $25, we could buy back the FED and all the profit would flow into
the U.S. Treasury. In other words, by Congress allowing the
constitutionally illegal FED to continue, much of your taxes go to the
shareholders of the FED and their bankers. Note: The people who
enacted the FED started the IRS, within months of the FED's inception.
The FED buys U.S. debt with money they printed from nothing, then
charges the U.S. taxpayers interest. The government had to create
income tax to pay the interest expense to the FED's shareholders, but
the income tax was never legally passed (Reference 20 shows details,
state-by-state why it was not legally passed). The FED is illegal, per
Article 1, Section 8 of the United States Constitution. Not one state
legally ratified the 16th Amendment making income tax legal.
Currently, fewer and fewer Americans are being convicted for refusal
to pay income taxes. In IRS jury trials, the jury, by law, must decide
if the law is just. If taxpayers do not believe the law is just, the
jury may declare the accused innocent. Judges are legally bound to
inform juries of their right to determine the fairness of a law.
Judges often do not disclose this information so they can control the
court outcome. Luckily, more and more citizens are becoming informed.
If one juror feels the law is unfair, they can find the defendant
innocent (Reference 19). In Utah, the IRS quit prosecuting taxpayers
because jurors verdict is not guilty. Please tell your friends and sit
in the next jury.
If we eliminate the FED and uphold the Constitution, we could balance
the budget and cut personal income tax to almost nothing. In
Congressional hearings on September 30, 1941, FED Chairman Eccles
admitted that the FED creates new money from thin air (printing
press), and loans it back to us at interest (Reference 17, P. 93). On
June 6, 1960, FED President Mr. Allen admitted essentially the same
thing (Reference 22, P. 164). If you or I did this we would go to
jail.
It is time to abolish the FED! Tell your friends the truth and win
America back. We don't even need to buy back the FED. We only need to
print money the way the Constitution requires, not the new proposed
international money. We want to keep our sovereignty and print real
U.S. money.
Why has Congress allowed the FED to continue? If a Congressperson
tries to abolish the FED, the banks fund the Congressperson's opponent
in the next election (Reference 17, P. 35). The new Congressperson
will obviously support the FED. When Congresspeople retire, political
campaign funds are not taxed. Get elected and be a millionaire if you
vote right. By the way, the profit of the FED is not taxed either
(Reference 1, 9). Once America understands, and takes action,
Congresspeople will then gladly abolish the FED. In 1992, Illinois
Congressman Crane introduced a bill, co-sponsored by 40 other
Congressman, to audit the FED. This is a step in the right direction.
America is a great nation. As "We the People" become informed, the
media and Congress will be forced to buy back the FED, balance the
budget, significantly cut taxes, and stop allowing bribes to determine
voting strategies. I have already heard from politicians who claim
they will change their platform to include abolishing the FED if
enough people become informed.
IT IS UP TO YOU TO INFORM THE PEOPLE.
The FED hopes you will be passive and not act on this information. We
believe in grass roots America - we are waking up America. Ultimately,
the battle plan is to inform all Americans and demand change in the
media and Congress. True Americans should run for office and throw out
the politicians who allow this fraud to continue. Congress may refuse
to deal with this issue. That's why each person needs to go to their
local county/state government with the proper paperwork and ask them
to abolish the FED. With the proper documents, they are legally
obligated to do it.
WE NEED LEADERS TO BEGIN THIS ACTION. WILL YOU HELP?
Consider this fact. Most of the given sources in this booklet show how
the blood line of family bankers who own the FED funded both sides of
all major wars. They created fake colonial money to destroy the
Americans during the Revolutionary War and tried to finance both sides
in the American Civil War. Abraham Lincoln refused and the South
accepted. Many publications show that these bankers financed World War
I, World War II, and the Russian Revolutionary War, which helped
Napoleon, Lenin, and Hitler come to power. They financed both sides
from money created from nothing and profited greatly. These same
bankers created a number of American depressions to change the U.S.
legislation and seize our wealth. Read the sources for details. This
is why our forefathers wrote in the Constitution that only Congress
can issue money - not private banks (Reference 18).
More wars create more debt which means more profit to the bankers
(Reference 1, 21). These bankers planned three world wars so people
would welcome United Nations intervention to govern the world in
peace, not war. (Reference 22 gives specific details on World War I
and World War II, showing exactly how the bankers were responsible for
the beginning and continuation of these wars for their profit).
The banks have publicly announced they will force us to a cashless
society by 1997. Furthermore, they plan to create a one world
government through the United Nations headed by the FED, Trilaterals,
and the Council on Foreign Relations (Reference 3). By the definition
of treason, they have committed treason! This means you lose your
rights under the Constitution and Bill of Rights. Does this sound far
fetched? Twenty-four U.S. Senators (two of them presidential
candidates, Harkin & Tsongas) and 80 Representatives have signed a
"Declaration of Interdependence." This Declaration, designed to make a
one world government, is treason to the oath of office they took. The
media remained silent. The FED announced publicly that their first
objective was to get nationalism out of the American people's heads
because patriotism to a country would not be of value in the future.
The media makes us think the U.N. has all the answers, and to "think
globally." Congress passed a law stopping certain individuals from
being tried for this treason (Reference 6, Reference 1, P. 191-198).
Why pass this law if no treason was committed? State Department
document 7277 calls for the disarming of America, thus turning our
sovereignty over to a one-world government. Again, the media is
pushing to eliminate guns. Our forefathers believed that the right to
bear arms would prevent a takeover of our government. History shows
that before any government took over, they disarmed the citizens.
Hitler did it, and before our Revolutionary War, King George told us
to disarm - good thing we didn't!
Under the Federal Reserve Bank Act, the bankers control our economy.
The FED controls interest rates and the amount of money in the
economy. These factors determine either economic prosperity or the
lack thereof. Bankers are now pushing for a one world government and a
cashless society. Why cashless? No cash means no money for drugs, no
theft, and the ability to collect taxes on the underground economy.
Anyone who wouldn't support a cashless society must be a drug dealer,
thief, or tax evader, right? What a cashless society really means is
the banks can now control you. Today you fear the IRS. In a cashless
society, if you disagree with the bankers' political goals, you'll
find your money gone via computer error. (For additional information
on a cashless society, read Reference 13, P. 174; Reference 3;
Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216).
If you could accurately predict future interest rates, inflation and
deflation, you would know when to buy or sell stocks and make a bundle
of money. The FED has secret meetings (per Congressional Record) to
determine future interest rates and the amount of money to be printed.
The Securities Exchange Commission (SEC) by law, stops insiders from
profiting by privileged information. Congressional records prove that
FED bankers routinely hold secret meetings to profit by manipulating
the stock market via interest rates and the amount of money they
create. FED bankers also profit greatly from economic disasters like
the Depression (Reference 22, P. 56). The bankers create inflation,
sell their stocks before the market crashes, then buy up stocks at
cheaper prices. Bankers admitted this to Congress. This violates the
law, yet Congress does not act because these bankers are large
political contributors (Reference 17, P. 96-98; Reference 1, P.
162-163; Reference 22, P. 114-170 & P. 136). Thomas Jefferson
predicted this scenario if we ever allowed a private bank, like the
FED, to create our currency (Reference 1, P. 247).
FED Chairman Burns states "Killing can be made simply by knowing the
next few months newspapers ahead of time." Congressman Patman said
"The FED officials own more than 100 million dollars (of stocks) while
making decisions influencing these stock prices..." (Reference 24, P.
123). History proves that banks profit from bankrupting a nation
(Reference 22, P. 56).
Congress consistently defeats balanced budget amendments. In the past
30 years, Congress has raised our taxes 56 times and balanced the
budget only once. We need the sound banking system our forefathers
wanted us to have. History proves that banking systems like the FED
don't work. Major world powers have been destroyed over similar
banking systems (Reference 1). If we don't change this system NOW, in
five years the only thing our taxes will pay is the interest on the
national debt.
Section 7 of the Federal Reserve Act, passed December 23, 1913, states
that much of the profit of the FED should flow into the U.S. Treasury.
In 1959, new legislation allowed the FED to transfer bonds to
commercial banks at no cost to the bank. Now the FED receives less
interest income and less profit for the U.S. Treasury because the
money is diverted to other banks through an accounting entry
(Reference 17, P. 115-130). Congress and the IRS do not have access to
the financial records of the FED. Every year Congress introduces
legislation to audit the FED, and every year it is defeated. The FED
banking system could easily be netting 100s of billions in profit each
year. Through "creative accounting" profit can easily be reclassified
as expense (Reference 14, P. 20, Reference 17, P. 239). Within the
first few years, the shareholders of the FED received their initial
investment back with no risk. All the income is tax-free, except for
property tax, according to the Federal Reserve Act. When are the
profits of the FED going to start flowing into the Treasury so that
average Americans are no longer burdened with excessive, unnecessary
taxes? Clearly, Congress cannot or will not control the FED. IT IS
TIME TO ABOLISH IT!
3 WAYS TO ABOLISH THE FED AND ISSUE MONEY PER THE UNITED STATES
CONSTITUTION, ARTICLE 1, SECTION 8:
Buy back the FED and have the U.S. Government collect all profits.
Abolish the FED by printing real U.S. dollars as President Kennedy
attempted (Executive Order 11.110, 1963) (Reference 4).
Request your county/state to use their Constitutional powers to
abolish the FED. This is the BEST SOLUTION. Nearly half the states are
attempting or considering this action (Reference 5). Congress has had
80 years to follow the Constitution, and has refused to abolish the
illegal FED. The state/county effort is working faster than any other
method. We need your support to start a local chapter of FED-UP(tm)
Inc. and petition your county.
THE WRONG SOLUTION THAT HAS FAILED FOR 80 YEARS:
Congress and the media may want to require the FED to return the
required profits into the U.S. Treasury (per the Federal Reserve Act,
1913). The problem is that with "creative accounting" techniques,
profit can be easily masked as expense. The FED has expensed items
illegally to lower profit (Reference 17).
"We the People" have pushed the following states to pass or introduce
legislation calling for an end to the FED: Arizona, Washington,
Arkansas, Idaho, Oregon, Indiana, and Texas. We still need your
signatures on petitions, even if you live in these states. Many other
states are considering such action due to your petitions. These states
and a few honest Congresspeople are powerless until all Americans
become informed and demand change. Please pass out the petition. Once
we demand change, the media will have to report the whole truth and
not just push their own agenda. FED-UP(tm) challenges the media to
expose the facts on prime time talk shows or news programs.
By abolishing the FED, we would not pay interest on Federal Reserve
Notes. Until it is abolished, the FED has a monopoly on profit on our
currency and whether our money supply will be increased or decreased,
inflation or depression. The banks are capable of controlling business
by controlling who can or cannot obtain a loan.
WE'VE DONE OUR PART - NOW IT IS UP TO YOU TO SPREAD THE WORD. Please
take the brochure (Cutting taxes $6,000 per family per year) to VFW,
Moose/Elk Lodges, Bars, Union Halls, Churches, and Association groups.
Make copies of the "single-page" brochure for everyone at work and ask
your friends to do the same. Ask small business owners in your
community to tell other business owners and spread the brochure and
petition through the local Chamber of Commerce. CPAs should be
interested in saving their clients taxes. Ask your CPA to mail the
brochure and petition out to his/her clients. Upon receiving this
petition, many presidents of large corporations made this brochure and
petition available to all employees. Once people are informed, we can
force a change. People will have more money to spend, the economy will
be strong, and we can keep our Constitutional rights, liberties, and
freedoms.
Contact your library for the names and addresses of your local and
federal Congresspeople. MAIL THEM AN ENVELOPE WITHOUT YOUR NAME AND
ADDRESS ATTACHED. In the envelope, say "FED-UP(tm) Inc. Abolish the
FED." Also enclose one teabag (Boston Tea Party). Ask your friends to
do the same (give them the addresses). Politicians are aware of the
"Teabag Protest." If you don't mail it in, they're going to believe
that we're not organized or we just don't care. IF YOU DON'T DO IT NO
ONE ELSE WILL!
Many Congresspeople want to make this change, but can't without the
support of the people.
WHY OUR FOREFATHERS FOUGHT THE FED
"Allow me to control the issue and the nation's money and I care not
who makes its laws!" The above quote has long been attributed to the
18th century banker Amshell Rothschild (his blood line controls the
FED). For if one unscrupulous group is allowed to print a nation's
money - it can eventually use that money to gain control of the press
AND the politicians - and thus gain control of making the nation's
laws - and finally - control of the nation itself. (Reference 4)
If you will take the time to read the reference material listed which
has been researched by Professors of Universities, Congresspeople,
etc, you will turn up information that might frighten you. For
instance, in 1921 the stockholders of the Federal Reserve financed an
organization called the "Council on Foreign Relations" (CFR). Harpers
magazine called this the most powerful organization in the United
States. Ninety percent of the people in the State Department and key
positions in the Executive Branch are members of the CFR. The CFR
publishes a magazine called "Foreign Affairs." Read it if you want to
know what is going to happen in coming years. The CFR is in favor of a
New World Order (Reference 3).
Congressman Patman re-quoted Thomas Jefferson showing that our
founding fathers knew this banking principle very well. "I believe
that banking institutions are more dangerous to our liberties than
standing armies...." "Already they have raised up a money aristocracy
that has set the government at defiance. The issuing power (of
money)," he said, "should be taken from the banks and restored to the
people to whom it properly belongs." The American Revolution was a
struggle to wrest control of wealth from the Bank of England and to
restore the centers of power to the People where it "properly
belongs." The Constitution is specific about the authority of the
People, through their elected officials, to control the money, and
thus, the affairs of their government. (Reference 5, P. 32).
Ben Franklin said in his autobiography that the inability of the
colonists to get the power to issue their own money permanently out of
the hands of George III and the international bankers was [one of] the
PRIME reason for the Revolutionary War. (Quoted in Reference 4)
Thomas Jefferson stated, "If the American people ever allow private
banks to control the issue of currency, first by inflation, then by
deflation, the banks and corporations that will grow up around them
will deprive the people of all property until their children will wake
up homeless on the continent their fathers conquered." (Reference 1,
P. 247)
Congressman Charles A. Lindbergh of Minnesota said: "This [Federal
Reserve] Act establishes the most gigantic trust on Earth. When the
President [Wilson] signs this bill, the invisible government of the
Monetary Power will be legalized... the worst legislative crime of the
ages, perpetuated by this banking and currency bill." (Reference 5, P.
33)
Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta):
"We are completely dependent on the commercial banks. Someone has to
borrow every dollar we have in circulation, cash, or credit. If the
banks create ample synthetic money we are prosperous; if not, we
starve. We are absolutely without a permanent money system. When one
gets a complete grasp of the picture, the tragic absurdity of our
hopeless position is almost incredible, but there it is. It [the
banking problem] is the most important subject intelligent persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the
defects are remedied very soon." (Reference 1, P. 247)
Napoleon, a sympathizer for the international bankers, turned against
them in the last years of his rule. He said: "When a government is
dependent upon bankers for money, they and not the leaders of the
government control the situation, since the hand that gives is above
the hand that takes... Money has no motherland; financiers are without
patriotism and without decency; their sole object is gain." (Reference
4)
Congresspeople have referred to Federal Reserve Notes as "FIAT" (no-
backing) money. (Reference 1, P. 128, 169)
In 1879 the Supreme Court declared that the U.S. Government can
legally issue United States Notes, debt and interest-free, just as
Lincoln and Kennedy attempted. (Reference 1, P. 233)
A bank that attempted to repossess property on the basis of default
faced Judge Mahoney in a jury trial. Jerome Daly was found innocent.
The bank could not foreclose on the property because it created the
loan money from thin air, as many banks do. Use this as a precedent
the next time any bank tries to foreclose on your house. (Reference
17, P. 82, 83 for court records)
The FED violates Security & Exchange Commission (SEC) rules.
(Reference 17, P. 96-98)
California 9th Circuit Court declared FED banks are private, not
government. (Reference 17, P. 273)
Mr. Marriner Eccles, who was Chairman of the board of Governors of the
Federal Reserve System longer than any other man, testified before the
Joint Economic Committee in August 1962. When Chairman Rep. Wright
Patman asked whether it was not a fact that the Federal Reserve System
has more power than either the Congress or the President, Eccles
replied: "In the field of money and credit, yes." (Reference 1, P.
206)
Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove
City (PA) College stated: "The Federal Reserve System facilitates the
government's own inflationary financing in "periods of emergency." It
makes easy the inflationary financing of budget deficits and the
inflationary refunding of government loans. It stabilizes the
government bond market through inflationary methods and manipulates
this market to the advantage of the government. It does all this by
wrecking the purchasing power of the dollar; by subtly stealing from
the people of this country what it thus provides for the government,
through a process exactly on par with the coin clipping of ancient
kings but much less visible." (Reference 1, P. 250, 251)
Source: Banking Act of 1935, Hearings before a Subcommittee of the
Banking and Currency Committee, U.S. Senate, 74th Congress, 1st
Session, on S.1715, May 1935, pp 871-2. "The Federal Reserve System is
in the wrong hands. No Constitutional republic can function when the
government's money powers are in the hands of the financial oligarchy
such as New York financiers.
A Republican Senator, who preferred to remain unnamed, stated:
"Congress is too much motivated by fears and anxieties concerning
pressure groups and the "non election." (Reference 1, P. 210)
By controlling Congress, the FED has been able to control the
nominating conventions of both political parties. In this way, it has
been able to hand-pick the presidential nominees so that no matter
which party wins, their nominee for President is under definite
obligations to the FED... (Reference 1, P. 210; Reference 22)
In 1975, the Rockefeller Foundation Report discussed the
"Interdependence" of the countries of the world on each other. It
stated we are one world and America shall become a nation-state under
one government. They also say we must reach a zero state population
growth. The Rockefeller Foundation stated that they have in excess of
747 million dollars to achieve this with. (Reference 3)
Congressman John R. Rarick states that the Council on Foreign
Relations CFR) is dedicated to a one world government. The media
remains conspicuously quiet. The CFR wants to convert the U.S. from a
sovereign, constitutional republic into a servile member state of a
one world dictatorship. On February 17, 1950, CFR member James Warburg
(banker, and architect of the Federal Reserve System) stated before a
Senate Foreign Relations Committee, "We shall have one world
government whether or not you like it, by conquest or consent." Again,
the media remained silent. In the April 1974 issue of the CFR journal,
"Foreign Affairs", page 558, Richard Gardener states that the new
world order "will be built... but an end run around national
sovereignty, eroding it piece by piece, will accomplish much more than
the old fashioned frontal assault." Congressman McDonald, Heinz and
Tower stated that this is a conspiracy. Again, the media remained
silent. (Reference 14, P. 17, 18, 32, 33).
THE CFR WANTS TO ABOLISH THE CONSTITUTION. (Reference 14) WE MUST STOP
THEM!!
In a letter to Thomas Jefferson, John Adams wrote: "All the
perplexities, confusions, and distresses in America arise, not from
defects in the Constitution or confederation, not from want of honor
or virtue, as much as from downright ignorance of the nature of coin,
credit, and circulation".
British bankers have stated "Those that create and issue money and
credit direct the policies of government and hold in their hands the
destiny of the people". (Reference 1, P. 200-214)
Adams, Jefferson, and Lincoln believed that banker capitalism was more
dangerous to our liberties than standing armies. In a republic, banks
would lend money but could not create or manufacture it. (Reference 1,
P. 215)
Later, Jefferson used stronger language and denounced the institution
as "one of the most deadly hostilities against the principles and form
of our Constitution." Some have said that Jefferson did not favor a
strong central bank. What he did not favor was the delivery of our
monetary system into private hands to be run for private profit.
(Reference 1, P. 230)
President James A. Garfield said: "Whoever controls the money in any
country is absolute master of industry [legislation] and commerce".
(Reference 1, P. 247, Reference 4)
Without the Federal Reserve System, there can be no continuing march
towards socialism, and with it there can be no free economy.
(Reference 1, P. 251)
By controlling our own money, Thomas Jefferson expected that the
government would incur no debt, as had occurred in the European
system. (Reference 1, P. 243) European banks are like the FED.
The FED system is the death of our Constitution. (Reference 1, P. 250)
THE PLAN TO REDUCE PERSONAL INCOME TAX BY 75% AND BALANCE THE BUDGET
BY ABOLISHING THE FED CAN BE PROVEN BY AMERICAN HISTORY.
THE FACTS:
England lost the Revolutionary War.
England nearly destroyed the Colonies by creating fake Colonial
money and hyper-inflation.
Rothschilds who control the Bank of England (Like our FED) said that
by controlling the issue of money (printing it) you can control the
government.
The authors of the Constitution understood private banks" control
over governments. The Constitution gives only Congress the right to
print money.
From the beginning of the United States to present there have been
two ways to issue new currency:
The first way is to have the government print the money, debt and
interest- free, and circulate it through the economy for use as a
medium of exchange. There is no tax levied to pay interest on the
currency in circulation because it is debt and interest-free. This is
the system Lincoln used with his "greenbacks", a system Kennedy
desired, and Jefferson demanded.
The second method is: The Citizens allow the bank to print $500
billion in currency (cash). The bank pays for printing costs, ink, and
paper. The Citizens do not charge the bank any interest for use of the
$500 billion in printed currency. The bank uses the $500 billion cash
to buy a $500 billion government bond which pays the bankers interest.
The bank keeps some of the bonds and sells, for a fee (10%), some of
the bonds to the public. The bank can buy back the bonds from the
public simply by printing more money. The bankers can create inflation
and depressions by manipulating the amount of currency in circulation.
The FED operates exactly like this today. It also prints money
(through the U.S. Treasury) and uses this printed money to buy loans
from other banks. This money has created our inflation. We give the
bank cash interest-free, then they charge us interest on our own
currency.
Take a look at our history in view of the two banking systems:
BEN FRANKLIN - THE TWO BANKING SYSTEMS
From the autobiography of Ben Franklin as reported by Gertrude Coogan
in Money Creators:
....the inability of the colonists to get the power to issue their own
money permanently out of the hands of George III and the international
bankers was the PRIME reason for the Revolutionary War. (Reference 4).
Ben Franklin answering a question about the booming economy of the
young colonies: "That is simple. In the colonies we issue our own
money. It is called Colonial Scrip. We issue it in proper proportions
to the demands of trade and industry." (Colonial Scrip had no debt or
interest attached.) (Reference 4)
BANK OF AMERICA
International bankers saw that interest-free scrip would keep America
free of their influence, so by 1781 banker-backed Alexander Hamilton
succeeded in starting the Bank of America. After a few years of "bank
money", the prosperity of "Colonial Scrip" was gone. Benjamin Franklin
said, "Conditions were so reversed that the era of prosperity had
ended and a depression set in to such an extent that the streets of
the Colonies were filled with the unemployed!" Bank money was like our
FED money. It had debt and interest attached. By 1790 Hamilton and his
bankers had created a privately owned central bank and converted the
public debt (interest-free) into interest bearing bonds, payable to
the bankers. When Hamilton's bank charter expired in 1811, the
international bankers started the war of 1812. By 1816, another
privately-owned U.S. bank was started with $35 million in assets -
only $7 million of that was owned by the government. This bank lasted
for 20 years. U.S. history shows that currency with debt and interest
attached created a depression. (Reference 4)
ANDREW JACKSON - A GREAT PRESIDENT!
When the 1816 charter expired in 1836, Andrew Jackson vetoed its
renewal. It was then that he made two famous statements: "The Bank is
trying to kill me - but I will kill it!" Later he said "If the
American people only understood the rank injustice of our money and
banking system - there would be a revolution before
morning..." (Reference 4)
ABRAHAM LINCOLN - ANOTHER GREAT PRESIDENT!
President Lincoln needed money to finance the Civil War, and the
international bankers offered him loans at 24-36% interest. Lincoln
balked at their demands because he didn't want to plunge the nation
into such a huge debt. Lincoln approached Congress about passing a law
to authorize the printing of U.S. Treasury Notes. Lincoln said "We
gave the people of this Republic the greatest blessing they ever had -
their own paper money to pay their debts..." Lincoln printed over 400
million "Greenbacks" (debt and interest-free) and paid the soldiers,
U.S. government employees, and bought war supplies. The international
bankers didn't like it and wanted Lincoln to borrow the money from
them so that the American people would owe tremendous interest on the
loan. Lincoln's solution made this seem ridiculous. (Reference 1, P.
46, 47; Reference 4)
Shortly after Lincoln's death, the government revoked the Greenback
law which ended Lincoln's debt-free, interest-free money. A new
national banking act was enacted and all money became interest bearing
again. (Reference 4)
The late Thomas A Edison explained the matter of issuing currency this
way: "If our nation can issue a dollar bond (interest bearing) it can
issue a dollar bill (interest-free). The element that makes the bond
good makes a bill good also. The difference between the bond and the
bill is that the bond lets money brokers collect twice the amount of
the bond and an additional 20 percent, whereas the currency pays
nobody but those who contribute directly in some useful way. It is
absurd to say that our country can issue $30 million in bonds and not
$30 million in currency. Both are promises to pay: But one promise
fattens the usurers (interest collectors) and the other helps the
people." (Reference 1, P. 46)
The FED is owned largely by foreign banks that control our economy and
Congress through the power of money and the media which they bought
with profits generated with profits generated by artificial debt.
If we can convert U.S. dollars that are debt and interest-free to
interest bearing currency, we can change it back just as easily. Both
the media and the banking system will probably claim that such a
change will cause hyper- inflation. The answer however, can be found
in history. Lincoln printed debt and interest-free Greenbacks (cash)
to finance an entire war. With added production you can add currency
without having hyper-inflation. Lincoln proved it. John F. Kennedy - a
President with vision! On June 4, 1964, President Kennedy issued
Executive Order 11110. This Executive Order called for the issuance of
new currency - the United States Note. At the time, $4,292,893 of this
currency was put into circulation. This new currency was to be
distributed through the U.S. Treasury and not the Federal Reserve
System. Furthermore, it was to be issued debt and interest-free. Upon
Kennedy's assassination, this currency was withdrawn from circulation,
never to be issued again. The media remained silent on how Kennedy
would have eliminated the debt and interest payments, and therefore
eliminated the FED. Interest-free United States Notes do not result in
hyper-inflation. By issuing United States Notes, interest-free, we
have less interest expense, and less taxes. With less taxes people
spend more and buy more. This result is added production, and
therefore, you can add dollars without inflation. Either Rockefeller
and his people will spend your tax money into the economy or you get
to spend your own money by paying less taxes. The bankers want you to
think you'll have mass inflation by changing the system. This is only
true if you add dollars to the economy without added production. For
example, look what happened in post World War I Germany. They merely
printed money without increasing production. The result was hyper-
inflation. Another example: In the entire economy, if you have only 10
loaves of bread and only $10, each loaf would sell for $1. If you
print an extra $10, now you have $20 and the 10 loaves which would
sell for $2 each. This is only true if we don't have added production.
By cutting taxes, people will spend more and buy more bread. If we
print more money and bake more bread, we have $50 and 50 loaves, so
each loaf still sells for $1. As long as you monitor production with
increased cash, inflation will not occur. Under the FED system, the
price of bread has dramatically increased since 1913. If we cut taxes
and YOU spend your money instead of the BANKERS spending it, you will
have more bread, cars, and wealth than the bankers. SOMEONE will spend
your money - it might as well be YOU!
A FED-like banking system has destroyed other governments. In five
years the only thing taxes will pay is the interest on the debt.
Clearly, the FED must be abolished before we're demolished! Already
laws are set up to have a dictatorship when we have the economic
crisis (Federal Emergency Management Act, or FEMA).
Under the FED system, when a new dollar is issued, we pay taxes to pay
for the dollar as the principal (debt) plus interest on the dollar. We
pay for each new dollar twice, and who gets most of the money? The
bankers, who control this money. Taxpayers should only pay taxes for
the paper, ink, and printing costs of new money. Why should we give
bankers the right to print money on a printing press, charge them no
interest on this money, and then let them exchange their "free" money
for a government bond that pays them interest??
England never gave up on owning the United States. They are still
silently fighting the same Revolutionary War. The Bank of England,
through the Rothschilds, owns and controls the FED (Reference 22). We
have been robbed of our wealth, and in five years we will be bankrupt
if there is no change. The FED bankers will LEGALLY OWN OUR NATION;
OUR HOUSES, OUR CARS, OUR BUSINESSES, just as Thomas Jefferson
predicted.
SPECIFIC PLAN: HOW TO GET OUT OF DEBT
U.S. history proves that issuing debt and interest-free currency
allows our economy to prosper, as long as Congress controls the amount
of money created. You can add printed dollars into the economy as you
add production, and there will be no inflation. With today's
sophisticated computers, we can easily monitor the printing of money
and inflation.
Congress needs to buy back the FED and/or abolish it. Any government
debt they own would be automatically eliminated. All remaining debt
could be paid as needed with the same type of currency Kennedy issued
(debt and interest-free United States Notes). United States Notes are
backed by the full faith of the best government in the world - The
United States of America. This is no different than the backing of
today's Federal Reserve Notes. U.S. citizens collect only a small
fraction of the interest income on Federal Bonds and Bills. Foreigners
benefit from this interest, but we pay the tax so that they collect
interest on our currency. This makes sense to bankers and
Congresspeople who receive money from bankers and foreign lobbyists.
As we pay less interest, government spending will decrease and so will
taxes. Less taxes mean that people buy more goods and services and our
economy expands. An expanded economy means more jobs and higher
profits for businesses. More profit means increased state/federal
business taxes. Businesses continue to pay taxes while personal taxes
decrease. People will have more money to spend, will buy more, and
therefore pay increased state sales tax. This allows the states to
balance their budgets without raising real estate taxes. As history
proves, we will prosper.
For 80 years the FED has destroyed our economy. It will take years to
undo this damage. Just as Congress appoints a Postal Service, we will
have Congress appoint an agency to monitor inflation as we exchange
our retiring government debt for debt and interest-free United States
Notes (cash). We need to break up all Central Banks created by the FED
and return to the Constitution of the United States. We have to return
the power of the citizens' money back to the people.
THERE ARE SEVERAL SIMPLE WAYS TO ABOLISH THE FED:
Inform all Americans of this report and collect signatures on the
petition.
Demand that Congress and the media support "We the People's" rights
to uphold the Constitution and abolish the illegal FED.
Write to your local newspaper, show them this report and ask them to
keep freedom of the press alive, support the Constitution and abolish
the FED. Freedom of the press should not be limited to those who own
it.
Write to CNN and other media. Tell them you want to see FED-UP(tm)
on their programs.
Ask your State/County Representatives to use their Constitutional
powers to enforce your rights under the Constitution to have the FED
abolished. Write to Reference 5 for detailed paperwork to be given to
your local government.
Call in on TV and radio talk shows and discuss why the FED should be
abolished.
Support businesses who distribute the petition and display the sign
"FED-UP". If they don't, please ask them to.
Ask candidates if they plan to introduce legislation to abolish the
FED and uphold the Constitution which they are obligated to defend.
Make candidates take a stand! Have the politician sign a contract with
"We the People" enacting legislation to abolish the FED by a certain
date or the politician must resign from office. The Democratic
Congress and President promised the people "no FED" before the
election. Thirteen months later, they passed the FED.
Display your bumper sticker to show support and inform people.
If 5,000 people distribute 2-3 brochures daily, we can inform half a
million Americans monthly. Roughly 10% of these half a million people
will make copies and inform others. Our goal is to inform 70 million
adult Americans. Public opinion will soon be on our side. Once 10% of
the population know, the other 90% will follow.
Pray and ask God to return us to "One nation under God."
It is our recommendation that you research the references listed,
support all organizations that re trying to stop this fraud, and help
us in our goal to get every American to sign this petition.
REFERENCES:
(1) "The Federal Reserve Bank", by H.S. Kenan, published by The
Noontide Press
(2) National Committee to Repeal the Federal Reserve Act, P.O. Box
156, Westmont, IL 60559
(3) "The New World Order,Saving America", P.O. Box 1205, Middleburg,
FL 32050-1205
(4) "Bulletin", February 1989 & November 1991 issues, P.O. Box 986,
Ft. Collins, CO 80522 (Newsletter; $3 each)
(5) "The Most Secret Science", Betsy Ross Press, P.O. Box 986, Ft.
Collins, CO 80522 (Book) States attempt to abolish the FED. $12.00
(6) "Insider Report", P.O. Box 84903, Phoenix, AZ 85071
(7) "Phoenix Journal Express", P.O. Box 986, Tehachap, CA 93581
(8) $16 trillion in government and private debt, much of which the FED
printed and collected interest on (Reference 3)
(9) Northpoint Tactical Team, P.O. Box 129, Topton, NC 28781
(10) Christian Defense League, Box 449, Arabi, LA 70023
(11) "Bulletin", June 1992 issue, P.O. Box 986, Ft. Collins, CO 80522
(Newsletter; $3 each)
(12) "Savings and Loan Unethical Bailout" by Rev. Casimir F. Gierut
(13) "Dark Secrets of the New Age" by Texe Marrs
(14) "En Route to Global Occupation" by Gary H. Kah
(15) "One World" by John Amkerberg & John Weldon
(16) "The Spotlight", Liberty Lobby, 300 Independence Ave. S.E.,
Washington, D.C. 20003 (Newspaper)
(17) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut
(18) The Constitution of the United States
(19) "Walls in Our Minds" by M.J. Red Beckman, Common Sense Press,
P.O.
Box 1544, Billings, MT 59103. A must read book - $2.50
(20) "The Law That Never Was" Volume I, Bill Benson & M.J. Red
Beckman,
P.O. Box 1544, Billings, MT 59103 or write to Bill Benson, P.O.
Box 550, South Holland, IL 60473. Proof that the 16th Amendment
(income tax) was never properly ratified.
(21) "New World Order: The Ancient Plan of Secret Societies" by
William
T. Still
(22) "The Secrets of the Federal Reserve" by Mullins
(23) "The Social Security & Pension Conspiracy" by Metz
(24) "The History of the Federal Reserve. How to Replace It or How to
Reform It" by Metz - for references 23 & 24 write to Howard Metz,
P.O. Box 341, Malverne, LI 11565
(25) "The New World Order" by Pat Robertson. On page 131 he states
that we must abolish the FED.
(26) "Operation Vampire Killer 2000", highly recommended book. $6.00
($8.00 for 2) from ACLA, P.O. Box 8712, Phoenix, AZ 85066 This is a
must read book with quotes from well known people. This book proves
conspiracy. Your local police needs to read this book so they will
protect you - not become United Nations Agents against you. This book
will stop the New World Order plan to take over the U.S.A.
"America Betrayed", Center For Action, 652 N. Glenview, Nesa, AZ
85213
For references 1, 12, and 17, contact The National Committee to
Repeal the Federal Reserve Act (Reference 2)
http://educate-yourself.org/cn/fedreservebankexplained19dec05.shtml
December 19, 2005 From http://www.lifetechnology.org/blog/archive/2005_12_01_archive.html
Dale Spencer
http://educate-yourself.org/cn/fedreservebankexplained19dec05.shtml
Dear American:
Pursuant to your request, I will attempt to clear up questions you
have about the Federal Reserve Bank (FED). I spent much time
researching the FED and these are the shocking and revealing
conclusions.
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
Article 1, Section 8 of the Constitution states that Congress shall
have the power to coin (create) money and regulate the value thereof.
Today however, the FED, which is a privately owned company, controls
and profits by printing money through the Treasury, and regulating its
value.
The FED began with approximately 300 people or banks that became
owners (stockholders purchasing stock at $100 per share - the stock is
not publicly traded) in the Federal Reserve Banking System. They make
up an international banking cartel of wealth beyond comparison
(Reference 1, 14). The FED banking system collects billions of dollars
(Reference 8, 17) in interest annually and distributes the profits to
its shareholders. The Congress illegally gave the FED the right to
print money (through the Treasury) at no interest to the FED. The FED
creates money from nothing, and loans it back to us through banks, and
charges interest on our currency. The FED also buys Government debt
with money printed on a printing press and charges U.S. taxpayers
interest. Many Congressmen and Presidents say this is fraud (Reference
1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of
the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
(Reference 14, P. 13, Reference 12, P. 152)
These bankers are connected to London Banking Houses which ultimately
control the FED. When England lost the Revolutionary War with America
(our forefathers were fighting their own government), they planned to
control us by controlling our banking system, the printing of our
money, and our debt (Reference 4, 22).
The individuals listed below owned banks which in turn owned shares in
the FED. The banks listed below have significant control over the New
York FED District, which controls the other 11 FED Districts. These
banks also are partly foreign owned and control the New York FED
District Bank. (Reference 22)
First National Bank of New York
James Stillman National City Bank, New York
Mary W. Harnman
National Bank of Commerce, New York
A.D. Jiullard
Hanover National Bank, New York
Jacob Schiff
Chase National Bank, New York
Thomas F. Ryan
Paul Warburg
William Rockefeller
Levi P. Morton
M.T. Pyne
George F. Baker
Percy Pyne
Mrs. G.F. St. George
J.W. Sterling
Katherine St. George
H.P. Davidson
J.P. Morgan (Equitable Life/Mutual Life)
Edith Brevour T. Baker
(Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)
How did it happen? After previous attempts to push the Federal Reserve
Act through Congress, a group of bankers funded and staffed Woodrow
Wilson's campaign for President. He had committed to sign this act. In
1913, a Senator, Nelson Aldrich, maternal grandfather to the
Rockefellers, pushed the Federal Reserve Act through Congress just
before Christmas when much of Congress was on vacation (Reference 3,
4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully
replied (referring to the FED), "I have unwittingly ruined my
country" (Reference 17, P. 31).
Now the banks financially back sympathetic candidates. Not
surprisingly, most of these candidates are elected (Reference 1, P.
208-210, Reference 12, P. 235, Reference 14, P. 36). The bankers
employ members of the Congress on weekends (nickname T&T club -out
Thursday...-in Tuesday) with lucrative salaries (Reference 1, P. 209).
Additionally, the FED started buying up the media in the 1930's and
now owns or significantly influences most of it Reference 3, 10, 11,
P. 145).
Presidents Lincoln, Jackson, and Kennedy tried to stop this family of
bankers by printing U.S. dollars without charging the taxpayers
interest (Reference 4). Today, if the government runs a deficit, the
FED prints dollars through the U.S. Treasury, buys the debt, and the
dollars are circulated into the economy. In 1992, taxpayers paid the
FED banking system $286 billion in interest on debt the FED purchased
by printing money virtually cost free (Reference 12, P. 265). Forty
percent of our personal federal income taxes goes to pay this
interest. The FED's books are not open to the public. Congress has yet
to audit it.
Congressman Wright Patman was Chairman of the House of Representatives
Committee on Banking and Currency for 40 years. For 20 of those years,
he introduced legislation to repeal the Federal Reserve Banking Act of
1913.
Congressman Henry Gonzales, Chairman of a banking committee,
introduces legislation to repeal the Federal Reserve Banking Act of
1913 nearly every year. It's always defeated, the media remains
silent, and the public never learns the truth. The same bankers who
own the FED control the media and give huge political contributions to
sympathetic members of Congress (Reference 12, P. 155-163, Reference
22, P. 158, 159, 166).
THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND
DEMAND CHANGE
We, the People, are at fault for being passive and allowing this to
continue.
Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier
and then President of the First National Bank in Canton Ohio. For 12
years he served as Chairman of the Committee on Banking and Currency,
making him one of the foremost financial authorities in America. He
fought continuously for fiscal integrity and a return to
constitutional government (Reference 1). The following are portions of
Rep. McFadden's speech, quoted from the Congressional Record, pages
12595-12603:
"THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE
GOVERNMENTOF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT
OF ENOUGH MONEY TO PAY THE NATIONAL DEBT.
The depredations and the iniquities of the Federal Reserve Board and
the Federal Reserve banks acting together have cost this country
ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER."
About the Federal Reserve banks, Rep. McFadden said, "They are private
credit monopolies which prey upon the people of the United States for
the benefit of themselves and their foreign customers; foreign and
domestic speculators and swindlers; the rich and predatory money
lenders. This is an era of economic misery and for the reasons that
caused that misery, the Federal Reserve Board and the Federal Reserve
banks are fully liable."
On the subject of media control he state, "Half a million dollars was
spent on one part of the propaganda organized by those same European
bankers for the purpose of misleading public opinion in regard to it."
Rep. McFadden continued, "Every effort has been made by the Federal
Reserve Board to conceal its power but the truth is the Federal
Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT
CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT
MAKES AND BREAKS GOVERNMENTS AT WILL.
No man and no body of men is more entrenched in power than the
arrogant credit monopoly which operates the Federal Reserve Board and
the Federal Reserve banks. These evil-doers have robbed this country
of more than enough money to pay the national debt. What the
Government has permitted the Federal Reserve Board to steal from the
people should now be restored to the people."
"Our people's money to the extent of $1,200,000,000 has within the
last few months been shipped abroad to redeem Federal Reserve Notes
and to pay other gambling debts of the traitorous Federal Reserve
Board and the Federal Reserve banks. The greater part of our monetary
stock has been shipped to foreigners. Why should we promise to pay the
debts of foreigners to foreigners? Why should American Farmers and
wage earners add millions of foreigners to the number of their
dependents? Why should the Federal Reserve Board and the Federal
Reserve banks be permitted to finance our competitors in all parts of
the world?" Rep. McFadden asked.
"The Federal Reserve Act should be repealed and the Federal Reserve
banks, having violated their charters, should be liquidated
immediately.
FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE
IMPEACHED AND BROUGHT TO TRIAL",
Rep. McFadden concluded (Reference 1, contains an entire chapter on
Rep. McFadden's speech).
If the media is unbiased, independent and completely thorough, why
haven't they discussed the FED? Currently, half the states have at
least a grass roots movement in action to abolish the FED, but there's
no press coverage. In July, 1968, the House Banking Subcommittee
reported that Rockefeller, through Chase Manhattan Bank, controlled
5.9% of the stock in CBS. Furthermore, the bank had gained
interlocking directorates with ABC.
In 1974, Congress issued a report stating that the Chase Manhattan
Bank's stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the
parent company of NBC). The same report said that the Chase Manhattan
Bank held stock in 28 broadcasting firms. After this report, the Chase
Manhattan Bank obtained 6.7% of ABC, and today the percentage could be
much greater. It only requires 5% ownership to significantly influence
the media (Reference 14, P. 56-57). This is only one of 300 wealthy
shareholders of the FED. It is believed other FED owners have similar
holdings in the media. To control the media, FED bankers call in their
loans if the media disagrees with them (Reference 25, P. 134-137).
Rockefeller also controls the Council on Foreign Relations (CFR), the
sole purpose of which is to aid in stimulating greater interest in
foreign affairs and in a one world government. Nearly every major
newscaster belongs to the Council on Foreign Relations. The Council on
Foreign Relations controls many major newspapers and magazines.
Additionally, major corporations owned by FED shareholders are the
source of huge advertising revenues which surely would influence the
media (Reference 14, P. 56-59). It can be no wonder why groups such as
FED-UP(tm) receive minimal, if any, press attention.
How do taxpayers stop financing those whose purpose it is to destroy
us? First, expose their activity, then demand change.
THE SOLUTION:
Currently all we do is exchange FED money (interest attached) for real
U.S. money (interest-free) dollar for dollar as Kennedy tried to do.
We should not be required to pay interest on our own currency.
According to Benjamin Franklin, this was one of the primary reasons we
fought the Revolutionary War. Today we are still fighting the same
family of bankers (Reference 4, Reference 1, P. 211, 212).
The U.S. Government can buy back the FED at any time for $450 million
(per Congressional record). The U.S. Treasury could then collect all
the profit on our money instead of the 300 original shareholders of
the FED. The $4 trillion of U.S. debt could be exchanged dollar for
dollar with U.S. non- interest bearing currency when the debt becomes
due. There would be no inflation because there would be no additional
currency in circulation. Personal income tax could be cut if we bought
back the FED and therefore, the economy would expand. According to the
Constitution, Congress is to control the creation of money, keeping
the amount of inflation or deflation in check. If Congress isn't doing
their job, they should be voted out of office. Unfortunately, voters
can't vote the FED or its Chairman out of office.
If the government has a deficit, we could handle it as Lincoln and
Kennedy did. Print money and circulate it into the economy, but this
time interest-free. Today the FED, through foreign banks, owns much of
our debt and therefore controls us. The FED will cease to exist as
taxpayers become informed and tell other taxpayers. The news media and
Congress will have no choice but to meet the demands of grass roots
America. (Reference 1, P. 17, 22)
AMERICA DECEIVED
By law (check the Congressional record), we can buy back the FED for
the original investment of the FED's 300 shareholders, which is $450
million (Reference 1, P. 227, Reference 17, P. 36). If each taxpayer
paid $25, we could buy back the FED and all the profit would flow into
the U.S. Treasury. In other words, by Congress allowing the
constitutionally illegal FED to continue, much of your taxes go to the
shareholders of the FED and their bankers. Note: The people who
enacted the FED started the IRS, within months of the FED's inception.
The FED buys U.S. debt with money they printed from nothing, then
charges the U.S. taxpayers interest. The government had to create
income tax to pay the interest expense to the FED's shareholders, but
the income tax was never legally passed (Reference 20 shows details,
state-by-state why it was not legally passed). The FED is illegal, per
Article 1, Section 8 of the United States Constitution. Not one state
legally ratified the 16th Amendment making income tax legal.
Currently, fewer and fewer Americans are being convicted for refusal
to pay income taxes. In IRS jury trials, the jury, by law, must decide
if the law is just. If taxpayers do not believe the law is just, the
jury may declare the accused innocent. Judges are legally bound to
inform juries of their right to determine the fairness of a law.
Judges often do not disclose this information so they can control the
court outcome. Luckily, more and more citizens are becoming informed.
If one juror feels the law is unfair, they can find the defendant
innocent (Reference 19). In Utah, the IRS quit prosecuting taxpayers
because jurors verdict is not guilty. Please tell your friends and sit
in the next jury.
If we eliminate the FED and uphold the Constitution, we could balance
the budget and cut personal income tax to almost nothing. In
Congressional hearings on September 30, 1941, FED Chairman Eccles
admitted that the FED creates new money from thin air (printing
press), and loans it back to us at interest (Reference 17, P. 93). On
June 6, 1960, FED President Mr. Allen admitted essentially the same
thing (Reference 22, P. 164). If you or I did this we would go to
jail.
It is time to abolish the FED! Tell your friends the truth and win
America back. We don't even need to buy back the FED. We only need to
print money the way the Constitution requires, not the new proposed
international money. We want to keep our sovereignty and print real
U.S. money.
Why has Congress allowed the FED to continue? If a Congressperson
tries to abolish the FED, the banks fund the Congressperson's opponent
in the next election (Reference 17, P. 35). The new Congressperson
will obviously support the FED. When Congresspeople retire, political
campaign funds are not taxed. Get elected and be a millionaire if you
vote right. By the way, the profit of the FED is not taxed either
(Reference 1, 9). Once America understands, and takes action,
Congresspeople will then gladly abolish the FED. In 1992, Illinois
Congressman Crane introduced a bill, co-sponsored by 40 other
Congressman, to audit the FED. This is a step in the right direction.
America is a great nation. As "We the People" become informed, the
media and Congress will be forced to buy back the FED, balance the
budget, significantly cut taxes, and stop allowing bribes to determine
voting strategies. I have already heard from politicians who claim
they will change their platform to include abolishing the FED if
enough people become informed.
IT IS UP TO YOU TO INFORM THE PEOPLE.
The FED hopes you will be passive and not act on this information. We
believe in grass roots America - we are waking up America. Ultimately,
the battle plan is to inform all Americans and demand change in the
media and Congress. True Americans should run for office and throw out
the politicians who allow this fraud to continue. Congress may refuse
to deal with this issue. That's why each person needs to go to their
local county/state government with the proper paperwork and ask them
to abolish the FED. With the proper documents, they are legally
obligated to do it.
WE NEED LEADERS TO BEGIN THIS ACTION. WILL YOU HELP?
Consider this fact. Most of the given sources in this booklet show how
the blood line of family bankers who own the FED funded both sides of
all major wars. They created fake colonial money to destroy the
Americans during the Revolutionary War and tried to finance both sides
in the American Civil War. Abraham Lincoln refused and the South
accepted. Many publications show that these bankers financed World War
I, World War II, and the Russian Revolutionary War, which helped
Napoleon, Lenin, and Hitler come to power. They financed both sides
from money created from nothing and profited greatly. These same
bankers created a number of American depressions to change the U.S.
legislation and seize our wealth. Read the sources for details. This
is why our forefathers wrote in the Constitution that only Congress
can issue money - not private banks (Reference 18).
More wars create more debt which means more profit to the bankers
(Reference 1, 21). These bankers planned three world wars so people
would welcome United Nations intervention to govern the world in
peace, not war. (Reference 22 gives specific details on World War I
and World War II, showing exactly how the bankers were responsible for
the beginning and continuation of these wars for their profit).
The banks have publicly announced they will force us to a cashless
society by 1997. Furthermore, they plan to create a one world
government through the United Nations headed by the FED, Trilaterals,
and the Council on Foreign Relations (Reference 3). By the definition
of treason, they have committed treason! This means you lose your
rights under the Constitution and Bill of Rights. Does this sound far
fetched? Twenty-four U.S. Senators (two of them presidential
candidates, Harkin & Tsongas) and 80 Representatives have signed a
"Declaration of Interdependence." This Declaration, designed to make a
one world government, is treason to the oath of office they took. The
media remained silent. The FED announced publicly that their first
objective was to get nationalism out of the American people's heads
because patriotism to a country would not be of value in the future.
The media makes us think the U.N. has all the answers, and to "think
globally." Congress passed a law stopping certain individuals from
being tried for this treason (Reference 6, Reference 1, P. 191-198).
Why pass this law if no treason was committed? State Department
document 7277 calls for the disarming of America, thus turning our
sovereignty over to a one-world government. Again, the media is
pushing to eliminate guns. Our forefathers believed that the right to
bear arms would prevent a takeover of our government. History shows
that before any government took over, they disarmed the citizens.
Hitler did it, and before our Revolutionary War, King George told us
to disarm - good thing we didn't!
Under the Federal Reserve Bank Act, the bankers control our economy.
The FED controls interest rates and the amount of money in the
economy. These factors determine either economic prosperity or the
lack thereof. Bankers are now pushing for a one world government and a
cashless society. Why cashless? No cash means no money for drugs, no
theft, and the ability to collect taxes on the underground economy.
Anyone who wouldn't support a cashless society must be a drug dealer,
thief, or tax evader, right? What a cashless society really means is
the banks can now control you. Today you fear the IRS. In a cashless
society, if you disagree with the bankers' political goals, you'll
find your money gone via computer error. (For additional information
on a cashless society, read Reference 13, P. 174; Reference 3;
Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216).
If you could accurately predict future interest rates, inflation and
deflation, you would know when to buy or sell stocks and make a bundle
of money. The FED has secret meetings (per Congressional Record) to
determine future interest rates and the amount of money to be printed.
The Securities Exchange Commission (SEC) by law, stops insiders from
profiting by privileged information. Congressional records prove that
FED bankers routinely hold secret meetings to profit by manipulating
the stock market via interest rates and the amount of money they
create. FED bankers also profit greatly from economic disasters like
the Depression (Reference 22, P. 56). The bankers create inflation,
sell their stocks before the market crashes, then buy up stocks at
cheaper prices. Bankers admitted this to Congress. This violates the
law, yet Congress does not act because these bankers are large
political contributors (Reference 17, P. 96-98; Reference 1, P.
162-163; Reference 22, P. 114-170 & P. 136). Thomas Jefferson
predicted this scenario if we ever allowed a private bank, like the
FED, to create our currency (Reference 1, P. 247).
FED Chairman Burns states "Killing can be made simply by knowing the
next few months newspapers ahead of time." Congressman Patman said
"The FED officials own more than 100 million dollars (of stocks) while
making decisions influencing these stock prices..." (Reference 24, P.
123). History proves that banks profit from bankrupting a nation
(Reference 22, P. 56).
Congress consistently defeats balanced budget amendments. In the past
30 years, Congress has raised our taxes 56 times and balanced the
budget only once. We need the sound banking system our forefathers
wanted us to have. History proves that banking systems like the FED
don't work. Major world powers have been destroyed over similar
banking systems (Reference 1). If we don't change this system NOW, in
five years the only thing our taxes will pay is the interest on the
national debt.
Section 7 of the Federal Reserve Act, passed December 23, 1913, states
that much of the profit of the FED should flow into the U.S. Treasury.
In 1959, new legislation allowed the FED to transfer bonds to
commercial banks at no cost to the bank. Now the FED receives less
interest income and less profit for the U.S. Treasury because the
money is diverted to other banks through an accounting entry
(Reference 17, P. 115-130). Congress and the IRS do not have access to
the financial records of the FED. Every year Congress introduces
legislation to audit the FED, and every year it is defeated. The FED
banking system could easily be netting 100s of billions in profit each
year. Through "creative accounting" profit can easily be reclassified
as expense (Reference 14, P. 20, Reference 17, P. 239). Within the
first few years, the shareholders of the FED received their initial
investment back with no risk. All the income is tax-free, except for
property tax, according to the Federal Reserve Act. When are the
profits of the FED going to start flowing into the Treasury so that
average Americans are no longer burdened with excessive, unnecessary
taxes? Clearly, Congress cannot or will not control the FED. IT IS
TIME TO ABOLISH IT!
3 WAYS TO ABOLISH THE FED AND ISSUE MONEY PER THE UNITED STATES
CONSTITUTION, ARTICLE 1, SECTION 8:
Buy back the FED and have the U.S. Government collect all profits.
Abolish the FED by printing real U.S. dollars as President Kennedy
attempted (Executive Order 11.110, 1963) (Reference 4).
Request your county/state to use their Constitutional powers to
abolish the FED. This is the BEST SOLUTION. Nearly half the states are
attempting or considering this action (Reference 5). Congress has had
80 years to follow the Constitution, and has refused to abolish the
illegal FED. The state/county effort is working faster than any other
method. We need your support to start a local chapter of FED-UP(tm)
Inc. and petition your county.
THE WRONG SOLUTION THAT HAS FAILED FOR 80 YEARS:
Congress and the media may want to require the FED to return the
required profits into the U.S. Treasury (per the Federal Reserve Act,
1913). The problem is that with "creative accounting" techniques,
profit can be easily masked as expense. The FED has expensed items
illegally to lower profit (Reference 17).
"We the People" have pushed the following states to pass or introduce
legislation calling for an end to the FED: Arizona, Washington,
Arkansas, Idaho, Oregon, Indiana, and Texas. We still need your
signatures on petitions, even if you live in these states. Many other
states are considering such action due to your petitions. These states
and a few honest Congresspeople are powerless until all Americans
become informed and demand change. Please pass out the petition. Once
we demand change, the media will have to report the whole truth and
not just push their own agenda. FED-UP(tm) challenges the media to
expose the facts on prime time talk shows or news programs.
By abolishing the FED, we would not pay interest on Federal Reserve
Notes. Until it is abolished, the FED has a monopoly on profit on our
currency and whether our money supply will be increased or decreased,
inflation or depression. The banks are capable of controlling business
by controlling who can or cannot obtain a loan.
WE'VE DONE OUR PART - NOW IT IS UP TO YOU TO SPREAD THE WORD. Please
take the brochure (Cutting taxes $6,000 per family per year) to VFW,
Moose/Elk Lodges, Bars, Union Halls, Churches, and Association groups.
Make copies of the "single-page" brochure for everyone at work and ask
your friends to do the same. Ask small business owners in your
community to tell other business owners and spread the brochure and
petition through the local Chamber of Commerce. CPAs should be
interested in saving their clients taxes. Ask your CPA to mail the
brochure and petition out to his/her clients. Upon receiving this
petition, many presidents of large corporations made this brochure and
petition available to all employees. Once people are informed, we can
force a change. People will have more money to spend, the economy will
be strong, and we can keep our Constitutional rights, liberties, and
freedoms.
Contact your library for the names and addresses of your local and
federal Congresspeople. MAIL THEM AN ENVELOPE WITHOUT YOUR NAME AND
ADDRESS ATTACHED. In the envelope, say "FED-UP(tm) Inc. Abolish the
FED." Also enclose one teabag (Boston Tea Party). Ask your friends to
do the same (give them the addresses). Politicians are aware of the
"Teabag Protest." If you don't mail it in, they're going to believe
that we're not organized or we just don't care. IF YOU DON'T DO IT NO
ONE ELSE WILL!
Many Congresspeople want to make this change, but can't without the
support of the people.
WHY OUR FOREFATHERS FOUGHT THE FED
"Allow me to control the issue and the nation's money and I care not
who makes its laws!" The above quote has long been attributed to the
18th century banker Amshell Rothschild (his blood line controls the
FED). For if one unscrupulous group is allowed to print a nation's
money - it can eventually use that money to gain control of the press
AND the politicians - and thus gain control of making the nation's
laws - and finally - control of the nation itself. (Reference 4)
If you will take the time to read the reference material listed which
has been researched by Professors of Universities, Congresspeople,
etc, you will turn up information that might frighten you. For
instance, in 1921 the stockholders of the Federal Reserve financed an
organization called the "Council on Foreign Relations" (CFR). Harpers
magazine called this the most powerful organization in the United
States. Ninety percent of the people in the State Department and key
positions in the Executive Branch are members of the CFR. The CFR
publishes a magazine called "Foreign Affairs." Read it if you want to
know what is going to happen in coming years. The CFR is in favor of a
New World Order (Reference 3).
Congressman Patman re-quoted Thomas Jefferson showing that our
founding fathers knew this banking principle very well. "I believe
that banking institutions are more dangerous to our liberties than
standing armies...." "Already they have raised up a money aristocracy
that has set the government at defiance. The issuing power (of
money)," he said, "should be taken from the banks and restored to the
people to whom it properly belongs." The American Revolution was a
struggle to wrest control of wealth from the Bank of England and to
restore the centers of power to the People where it "properly
belongs." The Constitution is specific about the authority of the
People, through their elected officials, to control the money, and
thus, the affairs of their government. (Reference 5, P. 32).
Ben Franklin said in his autobiography that the inability of the
colonists to get the power to issue their own money permanently out of
the hands of George III and the international bankers was [one of] the
PRIME reason
Thomas Jefferson stated, "If the American people ever allow private
banks to control the issue of currency, first by inflation, then by
deflation, the banks and corporations that will grow up around them
will deprive the people of all property until their children will wake
up homeless on the continent their fathers conquered." (Reference 1,
P. 247)
Congressman Charles A. Lindbergh of Minnesota said: "This [Federal
Reserve] Act establishes the most gigantic trust on Earth. When the
President [Wilson] signs this bill, the invisible government of the
Monetary Power will be legalized... the worst legislative crime of the
ages, perpetuated by this banking and currency bill." (Reference 5, P.
33)
Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta):
"We are completely dependent on the commercial banks. Someone has to
borrow every dollar we have in circulation, cash, or credit. If the
banks create ample synthetic money we are prosperous; if not, we
starve. We are absolutely without a permanent money system. When one
gets a complete grasp of the picture, the tragic absurdity of our
hopeless position is almost incredible, but there it is. It [the
banking problem] is the most important subject intelligent persons can
investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the
defects are remedied very soon." (Reference 1, P. 247)
Napoleon, a sympathizer for the international bankers, turned against
them in the last years of his rule. He said: "When a government is
dependent upon bankers for money, they and not the leaders of the
government control the situation, since the hand that gives is above
the hand that takes... Money has no motherland; financiers are without
patriotism and without decency; their sole object is gain." (Reference
4)
Congresspeople have referred to Federal Reserve Notes as "FIAT" (no-
backing) money. (Reference 1, P. 128, 169)
In 1879 the Supreme Court declared that the U.S. Government can
legally issue United States Notes, debt and interest-free, just as
Lincoln and Kennedy attempted. (Reference 1, P. 233)
A bank that attempted to repossess property on the basis of default
faced Judge Mahoney in a jury trial. Jerome Daly was found innocent.
The bank could not foreclose on the property because it created the
loan money from thin air, as many banks do. Use this as a precedent
the next time any bank tries to foreclose on your house. (Reference
17, P. 82, 83 for court records)
The FED violates Security & Exchange Commission (SEC) rules.
(Reference 17, P. 96-98)
California 9th Circuit Court declared FED banks are private, not
government. (Reference 17, P. 273)
Mr. Marriner Eccles, who was Chairman of the board of Governors of the
Federal Reserve System longer than any other man, testified before the
Joint Economic Committee in August 1962. When Chairman Rep. Wright
Patman asked whether it was not a fact that the Federal Reserve System
has more power than either the Congress or the President, Eccles
replied: "In the field of money and credit, yes." (Reference 1, P.
206)
Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove
City (PA) College stated: "The Federal Reserve System facilitates the
government's own inflationary financing in "periods of emergency." It
makes easy the inflationary financing of budget deficits and the
inflationary refunding of government loans. It stabilizes the
government bond market through inflationary methods and manipulates
this market to the advantage of the government. It does all this by
wrecking the purchasing power of the dollar; by subtly stealing from
the people of this country what it thus provides for the government,
through a process exactly on par with the coin clipping of ancient
kings but much less visible." (Reference 1, P. 250, 251)
Source: Banking Act of 1935, Hearings before a Subcommittee of the
Banking and Currency Committee, U.S. Senate, 74th Congress, 1st
Session, on S.1715, May 1935, pp 871-2. "The Federal Reserve System is
in the wrong hands. No Constitutional republic can function when the
government's money powers are in the hands of the financial oligarchy
such as New York financiers.
A Republican Senator, who preferred to remain unnamed, stated:
"Congress is too much motivated by fears and anxieties concerning
pressure groups and the "non election." (Reference 1, P. 210)
By controlling Congress, the FED has been able to control the
nominating conventions of both political parties. In this way, it has
been able to hand-pick the presidential nominees so that no matter
which party wins, their nominee for President is under definite
obligations to the FED... (Reference 1, P. 210; Reference 22)
In 1975, the Rockefeller Foundation Report discussed the
"Interdependence" of the countries of the world on each other. It
stated we are one world and America shall become a nation-state under
one government. They also say we must reach a zero state population
growth. The Rockefeller Foundation stated that they have in excess of
747 million dollars to achieve this with. (Reference 3)
Congressman John R. Rarick states that the Council on Foreign
Relations CFR) is dedicated to a one world government. The media
remains conspicuously quiet. The CFR wants to convert the U.S. from a
sovereign, constitutional republic into a servile member state of a
one world dictatorship. On February 17, 1950, CFR member James Warburg
(banker, and architect of the Federal Reserve System) stated before a
Senate Foreign Relations Committee, "We shall have one world
government whether or not you like it, by conquest or consent." Again,
the media remained silent. In the April 1974 issue of the CFR journal,
"Foreign Affairs", page 558, Richard Gardener states that the new
world order "will be built... but an end run around national
sovereignty, eroding it piece by piece, will accomplish much more than
the old fashioned frontal assault." Congressman McDonald, Heinz and
Tower stated that this is a conspiracy. Again, the media remained
silent. (Reference 14, P. 17, 18, 32, 33).
THE CFR WANTS TO ABOLISH THE CONSTITUTION. (Reference 14) WE MUST STOP
THEM!!
In a letter to Thomas Jefferson, John Adams wrote: "All the
perplexities, confusions, and distresses in America arise, not from
defects in the Constitution or confederation, not from want of honor
or virtue, as much as from downright ignorance of the nature of coin,
credit, and circulation".
British bankers have stated "Those that create and issue money and
credit direct the policies of government and hold in their hands the
destiny of the people". (Reference 1, P. 200-214)
Adams, Jefferson, and Lincoln believed that banker capitalism was more
dangerous to our liberties than standing armies. In a republic, banks
would lend money but could not create or manufacture it. (Reference 1,
P. 215)
Later, Jefferson used stronger language and denounced the institution
as "one of the most deadly hostilities against the principles and form
of our Constitution." Some have said that Jefferson did not favor a
strong central bank. What he did not favor was the delivery of our
monetary system into private hands to be run for private profit.
(Reference 1, P. 230)
President James A. Garfield said: "Whoever controls the money in any
country is absolute master of industry [legislation] and commerce".
(Reference 1, P. 247, Reference 4)
Without the Federal Reserve System, there can be no continuing march
towards socialism, and with it there can be no free economy.
(Reference 1, P. 251)
By controlling our own money, Thomas Jefferson expected that the
government would incur no debt, as had occurred in the European
system. (Reference 1, P. 243) European banks are like the FED.
The FED system is the death of our Constitution. (Reference 1, P. 250)
THE PLAN TO REDUCE PERSONAL INCOME TAX BY 75% AND BALANCE THE BUDGET
BY ABOLISHING THE FED CAN BE PROVEN BY AMERICAN HISTORY.
THE FACTS:
England lost the Revolutionary War.
England nearly destroyed the Colonies by creating fake Colonial
money and hyper-inflation.
Rothschilds who control the Bank of England (Like our FED) said that
by controlling the issue of money (printing it) you can control the
government.
The authors of the Constitution understood private banks" control
over governments. The Constitution gives only Congress the right to
print money.
From the beginning of the United States to present there have been
two ways to issue new currency:
The first way is to have the government print the money, debt and
interest- free, and circulate it through the economy for use as a
medium of exchange. There is no tax levied to pay interest on the
currency in circulation because it is debt and interest-free. This is
the system Lincoln used with his "greenbacks", a system Kennedy
desired, and Jefferson demanded.
The second method is: The Citizens allow the bank to print $500
billion in currency (cash). The bank pays for printing costs, ink, and
paper. The Citizens do not charge the bank any interest for use of the
$500 billion in printed currency. The bank uses the $500 billion cash
to buy a $500 billion government bond which pays the bankers interest.
The bank keeps some of the bonds and sells, for a fee (10%), some of
the bonds to the public. The bank can buy back the bonds from the
public simply by printing more money. The bankers can create inflation
and depressions by manipulating the amount of currency in circulation.
The FED operates exactly like this today. It also prints money
(through the U.S. Treasury) and uses this printed money to buy loans
from other banks. This money has created our inflation. We give the
bank cash interest-free, then they charge us interest on our own
currency.
Take a look at our history in view of the two banking systems:
BEN FRANKLIN - THE TWO BANKING SYSTEMS
From the autobiography of Ben Franklin as reported by Gertrude Coogan
in Money Creators:
....the inability of the colonists to get the power to issue their own
money permanently out of the hands of George III and the international
bankers was the PRIME reason for the Revolutionary War. (Reference 4).
Ben Franklin answering a question about the booming economy of the
young colonies: "That is simple. In the colonies we issue our own
money. It is called Colonial Scrip. We issue it in proper proportions
to the demands of trade and industry." (Colonial Scrip had no debt or
interest attached.) (Reference 4)
BANK OF AMERICA
International bankers saw that interest-free scrip would keep America
free of their influence, so by 1781 banker-backed Alexander Hamilton
succeeded in starting the Bank of America. After a few years of "bank
money", the prosperity of "Colonial Scrip" was gone. Benjamin Franklin
said, "Conditions were so reversed that the era of prosperity had
ended and a depression set in to such an extent that the streets of
the Colonies were filled with the unemployed!" Bank money was like our
FED money. It had debt and interest attached. By 1790 Hamilton and his
bankers had created a privately owned central bank and converted the
public debt (interest-free) into interest bearing bonds, payable to
the bankers. When Hamilton's bank charter expired in 1811, the
international bankers started the war of 1812. By 1816, another
privately-owned U.S. bank was started with $35 million in assets -
only $7 million of that was owned by the government. This bank lasted
for 20 years. U.S. history shows that currency with debt and interest
attached created a depression. (Reference 4)
ANDREW JACKSON - A GREAT PRESIDENT!
When the 1816 charter expired in 1836, Andrew Jackson vetoed its
renewal. It was then that he made two famous statements: "The Bank is
trying to kill me - but I will kill it!" Later he said "If the
American people only understood the rank injustice of our money and
banking system - there would be a revolution before
morning..." (Reference 4)
ABRAHAM LINCOLN - ANOTHER GREAT PRESIDENT!
President Lincoln needed money to finance the Civil War, and the
international bankers offered him loans at 24-36% interest. Lincoln
balked at their demands because he didn't want to plunge the nation
into such a huge debt. Lincoln approached Congress about passing a law
to authorize the printing of U.S. Treasury Notes. Lincoln said "We
gave the people of this Republic the greatest blessing they ever had -
their own paper money to pay their debts..." Lincoln printed over 400
million "Greenbacks" (debt and interest-free) and paid the soldiers,
U.S. government employees, and bought war supplies. The international
bankers didn't like it and wanted Lincoln to borrow the money from
them so that the American people would owe tremendous interest on the
loan. Lincoln's solution made this seem ridiculous. (Reference 1, P.
46, 47; Reference 4)
Shortly after Lincoln's death, the government revoked the Greenback
law which ended Lincoln's debt-free, interest-free money. A new
national banking act was enacted and all money became interest bearing
again. (Reference 4)
The late Thomas A Edison explained the matter of issuing currency this
way: "If our nation can issue a dollar bond (interest bearing) it can
issue a dollar bill (interest-free). The element that makes the bond
good makes a bill good also. The difference between the bond and the
bill is that the bond lets money brokers collect twice the amount of
the bond and an additional 20 percent, whereas the currency pays
nobody but those who contribute directly in some useful way. It is
absurd to say that our country can issue $30 million in bonds and not
$30 million in currency. Both are promises to pay: But one promise
fattens the usurers (interest collectors) and the other helps the
people." (Reference 1, P. 46)
The FED is owned largely by foreign banks that control our economy and
Congress through the power of money and the media which they bought
with profits generated with profits generated by artificial debt.
If we can convert U.S. dollars that are debt and interest-free to
interest bearing currency, we can change it back just as easily. Both
the media and the banking system will probably claim that such a
change will cause hyper- inflation. The answer however, can be found
in history. Lincoln printed debt and interest-free Greenbacks (cash)
to finance an entire war. With added production you can add currency
without having hyper-inflation. Lincoln proved it. John F. Kennedy - a
President with vision! On June 4, 1964, President Kennedy issued
Executive Order 11110. This Executive Order called for the issuance of
new currency - the United States Note. At the time, $4,292,893 of this
currency was put into circulation. This new currency was to be
distributed through the U.S. Treasury and not the Federal Reserve
System. Furthermore, it was to be issued debt and interest-free. Upon
Kennedy's assassination, this currency was withdrawn from circulation,
never to be issued again. The media remained silent on how Kennedy
would have eliminated the debt and interest payments, and therefore
eliminated the FED. Interest-free United States Notes do not result in
hyper-inflation. By issuing United States Notes, interest-free, we
have less interest expense, and less taxes. With less taxes people
spend more and buy more. This result is added production, and
therefore, you can add dollars without inflation. Either Rockefeller
and his people will spend your tax money into the economy or you get
to spend your own money by paying less taxes. The bankers want you to
think you'll have mass inflation by changing the system. This is only
true if you add dollars to the economy without added production. For
example, look what happened in post World War I Germany. They merely
printed money without increasing production. The result was hyper-
inflation. Another example: In the entire economy, if you have only 10
loaves of bread and only $10, each loaf would sell for $1. If you
print an extra $10, now you have $20 and the 10 loaves which would
sell for $2 each. This is only true if we don't have added production.
By cutting taxes, people will spend more and buy more bread. If we
print more money and bake more bread, we have $50 and 50 loaves, so
each loaf still sells for $1. As long as you monitor production with
increased cash, inflation will not occur. Under the FED system, the
price of bread has dramatically increased since 1913. If we cut taxes
and YOU spend your money instead of the BANKERS spending it, you will
have more bread, cars, and wealth than the bankers. SOMEONE will spend
your money - it might as well be YOU!
A FED-like banking system has destroyed other governments. In five
years the only thing taxes will pay is the interest on the debt.
Clearly, the FED must be abolished before we're demolished! Already
laws are set up to have a dictatorship when we have the economic
crisis (Federal Emergency Management Act, or FEMA).
Under the FED system, when a new dollar is issued, we pay taxes to pay
for the dollar as the principal (debt) plus interest on the dollar. We
pay for each new dollar twice, and who gets most of the money? The
bankers, who control this money. Taxpayers should only pay taxes for
the paper, ink, and printing costs of new money. Why should we give
bankers the right to print money on a printing press, charge them no
interest on this money, and then let them exchange their "free" money
for a government bond that pays them interest??
England never gave up on owning the United States. They are still
silently fighting the same Revolutionary War. The Bank of England,
through the Rothschilds, owns and controls the FED (Reference 22). We
have been robbed of our wealth, and in five years we will be bankrupt
if there is no change. The FED bankers will LEGALLY OWN OUR NATION;
OUR HOUSES, OUR CARS, OUR BUSINESSES, just as Thomas Jefferson
predicted.
SPECIFIC PLAN: HOW TO GET OUT OF DEBT
U.S. history proves that issuing debt and interest-free currency
allows our economy to prosper, as long as Congress controls the amount
of money created. You can add printed dollars into the economy as you
add production, and there will be no inflation. With today's
sophisticated computers, we can easily monitor the printing of money
and inflation.
Congress needs to buy back the FED and/or abolish it. Any government
debt they own would be automatically eliminated. All remaining debt
could be paid as needed with the same type of currency Kennedy issued
(debt and interest-free United States Notes). United States Notes are
backed by the full faith of the best government in the world - The
United States of America. This is no different than the backing of
today's Federal Reserve Notes. U.S. citizens collect only a small
fraction of the interest income on Federal Bonds and Bills. Foreigners
benefit from this interest, but we pay the tax so that they collect
interest on our currency. This makes sense to bankers and
Congresspeople who receive money from bankers and foreign lobbyists.
As we pay less interest, government spending will decrease and so will
taxes. Less taxes mean that people buy more goods and services and our
economy expands. An expanded economy means more jobs and higher
profits for businesses. More profit means increased state/federal
business taxes. Businesses continue to pay taxes while personal taxes
decrease. People will have more money to spend, will buy more, and
therefore pay increased state sales tax. This allows the states to
balance their budgets without raising real estate taxes. As history
proves, we will prosper.
For 80 years the FED has destroyed our economy. It will take years to
undo this damage. Just as Congress appoints a Postal Service, we will
have Congress appoint an agency to monitor inflation as we exchange
our retiring government debt for debt and interest-free United States
Notes (cash). We need to break up all Central Banks created by the FED
and return to the Constitution of the United States. We have to return
the power of the citizens' money back to the people.
THERE ARE SEVERAL SIMPLE WAYS TO ABOLISH THE FED:
Inform all Americans of this report and collect signatures on the
petition.
Demand that Congress and the media support "We the People's" rights
to uphold the Constitution and abolish the illegal FED.
Write to your local newspaper, show them this report and ask them to
keep freedom of the press alive, support the Constitution and abolish
the FED. Freedom of the press should not be limited to those who own
it.
Write to CNN and other media. Tell them you want to see FED-UP(tm)
on their programs.
Ask your State/County Representatives to use their Constitutional
powers to enforce your rights under the Constitution to have the FED
abolished. Write to Reference 5 for detailed paperwork to be given to
your local government.
Call in on TV and radio talk shows and discuss why the FED should be
abolished.
Support businesses who distribute the petition and display the sign
"FED-UP". If they don't, please ask them to.
Ask candidates if they plan to introduce legislation to abolish the
FED and uphold the Constitution which they are obligated to defend.
Make candidates take a stand! Have the politician sign a contract with
"We the People" enacting legislation to abolish the FED by a certain
date or the politician must resign from office. The Democratic
Congress and President promised the people "no FED" before the
election. Thirteen months later, they passed the FED.
Display your bumper sticker to show support and inform people.
If 5,000 people distribute 2-3 brochures daily, we can inform half a
million Americans monthly. Roughly 10% of these half a million people
will make copies and inform others. Our goal is to inform 70 million
adult Americans. Public opinion will soon be on our side. Once 10% of
the population know, the other 90% will follow.
Pray and ask God to return us to "One nation under God."
It is our recommendation that you research the references listed,
support all organizations that re trying to stop this fraud, and help
us in our goal to get every American to sign this petition.
REFERENCES:
(1) "The Federal Reserve Bank", by H.S. Kenan, published by The
Noontide Press
(2) National Committee to Repeal the Federal Reserve Act, P.O. Box
156, Westmont, IL 60559
(3) "The New World Order,Saving America", P.O. Box 1205, Middleburg,
FL 32050-1205
(4) "Bulletin", February 1989 & November 1991 issues, P.O. Box 986,
Ft. Collins, CO 80522 (Newsletter; $3 each)
(5) "The Most Secret Science", Betsy Ross Press, P.O. Box 986, Ft.
Collins, CO 80522 (Book) States attempt to abolish the FED. $12.00
(6) "Insider Report", P.O. Box 84903, Phoenix, AZ 85071
(7) "Phoenix Journal Express", P.O. Box 986, Tehachap, CA 93581
(8) $16 trillion in government and private debt, much of which the FED
printed and collected interest on (Reference 3)
(9) Northpoint Tactical Team, P.O. Box 129, Topton, NC 28781
(10) Christian Defense League, Box 449, Arabi, LA 70023
(11) "Bulletin", June 1992 issue, P.O. Box 986, Ft. Collins, CO 80522
(Newsletter; $3 each)
(12) "Savings and Loan Unethical Bailout" by Rev. Casimir F. Gierut
(13) "Dark Secrets of the New Age" by Texe Marrs
(14) "En Route to Global Occupation" by Gary H. Kah
(15) "One World" by John Amkerberg & John Weldon
(16) "The Spotlight", Liberty Lobby, 300 Independence Ave. S.E.,
Washington, D.C. 20003 (Newspaper)
(17) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut
(18) The Constitution of the United States
(19) "Walls in Our Minds" by M.J. Red Beckman, Common Sense Press,
P.O.
Box 1544, Billings, MT 59103. A must read book - $2.50
(20) "The Law That Never Was" Volume I, Bill Benson & M.J. Red
Beckman,
P.O. Box 1544, Billings, MT 59103 or write to Bill Benson, P.O.
Box 550, South Holland, IL 60473. Proof that the 16th Amendment
(income tax) was never properly ratified.
(21) "New World Order: The Ancient Plan of Secret Societies" by
William
T. Still
(22) "The Secrets of the Federal Reserve" by Mullins
(23) "The Social Security & Pension Conspiracy" by Metz
(24) "The History of the Federal Reserve. How to Replace It or How to
Reform It" by Metz - for references 23 & 24 write to Howard Metz,
P.O. Box 341, Malverne, LI 11565
(25) "The New World Order" by Pat Robertson. On page 131 he states
that we must abolish the FED.
(26) "Operation Vampire Killer 2000", highly recommended book. $6.00
($8.00 for 2) from ACLA, P.O. Box 8712, Phoenix, AZ 85066 This is a
must read book with quotes from well known people. This book proves
conspiracy. Your local police needs to read this book so they will
protect you - not become United Nations Agents against you. This book
will stop the New World Order plan to take over the U.S.A.
"America Betrayed", Center For Action, 652 N. Glenview, Nesa, AZ
85213
For references 1, 12, and 17, contact The National Committee to
Repeal the Federal Reserve Act (Reference 2)
http://educate-yourself.org/cn/fedreservebankexplained19dec05.shtml
December 19, 2005 From http://www.lifetechnology.org/blog/archive/2005_12_01_archive.html
Dale Spencer
