qYou’ve heard a lot about the Federal Reserve these days, mainly in the context of bailing out this bank or buying that company. How much do you really know about the Federal Reserve? If you’re like most people in our country, you probably don’t know much; or at least, you don’t know the most important aspects of the Federal Reserve. If this begins the process of waking you up to your awful situation, then this could be the most important article you ever read.
First, the Federal Reserve is not a governmental body. That’s right. It is not a governmental body whatsoever. It is actually a private bank owned by private—very private—bankers. No one knows the complete list of owners of the Federal Reserve, but the Rockefellers, Rothschilds, Morgans, and Warburgs are its most prominent owners. Don’t worry if you thought it was governmental; It’s the name that throws everyone off, but as the saying goes, “it’s no more federal than Federal Express.” Not only is it non-governmental, but it operates with no Congressional oversight. That’s right. They answer to no one. Sure, the chairman, Ben Bernanke, goes to Congressional hearings and tells Congress what the economy is doing and what plans the FED has, but he does not answer to congress. He dictates the policy. Furthermore, Congress does not audit the Federal Reserve. Here’s an analogy for you: It’s like playing a game of Monopoly where you get to be the banker and no one will check to see whether you’re being honest with the money. That is the position of the Federal Reserve.
Because the Federal Reserve is non-governmental, it is unconstitutional. Article 1 Section 8 of the Constitution says that Congress will have power “to coin Money, regulate the Value thereof.” It’s very plain; the FED is unconstitutional because it is a private company doing the job of Congress. Yes, I’m aware that the Supreme Court upheld the Second Bank of US as constitutional. In essence, John Marshall said that Congress could charter the bank to perform the duties of the Federal government. I’m not saying that the idea of a central bank is unconstitutional; I’m all for a central bank that is owned and run by Congress. The current central bank, the Federal Reserve, is not an agent of Congress, but is the higher power. It is true that the Federal Reserve Act of 1913 claims that the Federal Reserve is subject to oversight by Congress. However, the fact of the matter is that this Congressional “oversight” of the Federal Reserve has never amounted to anything more than post facto spectatorship.
Who Designed It
One of the best resources on the Federal Reserve is The Creature of Jekyll Island by G. Edward Griffin. In his book, Griffin tells of a secret meeting held at Jekyll Island in Georgia. It was here that secretive men set to paper the ideas for the Federal Reserve and began animating this monster. According to Griffin, the men responsible for the creation of FED were Nelson Aldrich, senator, Chairman of the National Monetary Commission, and father-in-law to John D. Rockefeller; Henry P. Davison, Sr. Partner of JP Morgan Company; A. Piatt Andrew, Assistant Secretary of the Treasury; Frank A. Vanderlip, President of National City Bank of New York, representative of William Rockefeller; Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company; and Paul Warburg, partner of Kuhn, Loeb, & Company, representing the Rothschilds of Europe. Note that there were representatives from the three strongest banking families: Rothschilds, Rockefellers, and Morgans.
What Was Made
Essentially what came out of that meeting on Jekyll Island in 1910 was an agreement amongst the most powerful bankers to create a cartel wherein they would ensure not only their success in America but could profit to the maximum extent of their imaginations. They were very careful to make sure that no one knew they were meeting. They avoided being seen together at dinner, didn’t sit together on the train, and used false names or only first names to protect their dark secret. Frank Vanderlip later admitted, “If it were to be exposed publicly that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by Congress” (Quoted in Edwards, 11). Their secret was kept; the bill passed in the House and the Senate and Woodrow Wilson signed it into law. Later, President Wilson realized his mistake and lamented,
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world – no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men”.
Definitely FOR Profit
The Federal Reserve website claims to be a “non-profit” organization. This couldn’t be further from the truth. The fact is they profit in many ways: taxes, federal spending, and bailouts to name a few. Many people are surprised when I tell them that every dime of Federal Income Taxes goes directly to the Federal Reserve; it does not go through the treasury. It is not used for any government service; It is used as an interest payment for the money that the Federal Reserve has loaned the government, but it’s not really their money. They just print it. So, every new dollar the Federal Reserve prints we, the people, pay back in taxes–or at least assume the debt of– and we pay for it again with inflation.
This is one of the most cunning and evil scams that has ever been perpetrated anywhere and at anytime in the history of the world.
They also love to do bailouts. Why? Every time they bailout a company or a country, they either 1) have issued a massive loan that is guaranteed by the taxpayer and by which they will profit immensely or 2) they take control of a company and/or a country at the expense of the taxpayer.
Furthermore, the FED has a history of tightening credit in our country to cause a bust in the economy (e.g. 1921, ’29, ’53, ’57, ’69, ’75, ’81, ’87, ’08) . Whenever this happens, you can be sure these bankers are using the crisis to their advantage by buying more companies and spreading to more industries. Does this sound familiar? Think of Bear Stearns, AIG, Merrill Lynch, Citigroup, etc. Now, they have moved to GM, Chrysler, and the auto market. They are using money printed out of thin air. Then they will assign the debt to us, but do you think you will see a penny of dividend payments from these companies? The ways by which the Federal Reserve can profit are almost innumerable; but one thing is certain, they DEFINITELY do profit.
Why Haven’t I Heard of This?
If this is new to you, it’s because these same bankers own all the corporate media in the US and maintain the strongest influence over education in America, but trust me it is not new, and it is true. Shortly after the creation of the FED, men began to fight it. Here are some examples:
“We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the United States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board.” (Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932)
Next to fight the fight against the FED was Wright Patman:
“In the united States we have, in effect, two governments….We have the duly constituted Government….Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.” (Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, 1967)
Here is what Barry Goldwater has said,
“Most Americans have no real understanding of the operation of the international money lenders….The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and….manipulates the credit of the United States.”
And most recently Congressman Ron Paul on September 10, 2002 introduced a bill in the House to Abolish the Federal Reserve. The official platform for the Republican Party in Idaho is to abolish the Federal Reserve. So, while it is not covered in the media, it is talked about often by vigilant Americans.
Actually, the Federal Reserve is the fourth central bank America has had. The first two failed. The third central bank Andrew Jackson almost single-handedly shut down: “You are a den of vipers and thieves. I intend to rout you out, and by grace of the Eternal God, will rout you out.” He went on to say, “The bold effort the present bank had made to control the government are but premonitions of the fate that awaits the American people should they be deluded into the perpetuation of this institution or the establishment of another like it.” The struggle is not new in America. It’s not that a central bank is bad; it’s that a bank owned by private bankers is beyond bad. This is round four. Will we have the fortitude to fight this “den of vipers” as Jackson did?
What to Do
Above all, we need to spread awareness. You can start by emailing this article to your friends and family. Please add social bookmarks such as digg, stumble, etc., if you’re into that sort of thing, to spread this news. This has to become common knowledge to the most common man before there will be enough outrage and power to stop this enslaving scheme. I leave you with a quote from Thomas Jefferson:
“If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered”.
See This Video on What You Can Do: http://whatablessing.net