The Federal Reserve Scam

Few people know, or understand what the Federal Reserve is. Most people think it is part of the government and that the government controls the Fed, this simply is not so. The Federal Reserve is a PRIVATE corporation that profits from control of our monetary system.

Here is how, the U.S. Government borrows money from the Fed, say 1 million dollars, the Fed prints the 1 billion dollars on OUR own printing presses, at our governments expense, and lends this money to the government WITH interest. They have neither printed the money, nor have they provided any resource other than to okay the printing of this money, and yet we are indebted to them to pay it back plus interest. Furthermore the Fed since it’s inception in 1913 has never once been audited and pays NO taxes on the money it takes from us.

This system effectively controls the flow of money and in turn the economic wellbeing of the nation. They can tighten up on this flow and it will create conditions that will force unemployment or they can allow for the printing of too much currency thereby creating inflation.

The secondary fallout from this is system is the Federal Income Tax. Here again most people have been lulled into believing that we need the FIT because we need roads and to help the elderly and poor, etc. This belief is not only untrue, but in fact completely the opposite of what it claims.

Since the initiation of the FIT only one class has benefited from it and that is the super-wealthy. I’m not talking about the wealth of the Walton or Gate’s kind, although they are listed as two of the richest men in the world that is a misnomer. They are miniscule in comparison to the International Banking Families and the controlling interest of the Federal Reserve. Some of those family names may be familiar to you Rothschild, Rockefeller, Chase, and Lehman. The Fed has challenged this on several occasions, but a study of Standards and Poors will quickly reveal that in fact this is the case.

I’m sure at this point you are asking why have our leaders allowed this to happen and why haven’t they stopped it. Quite simply many have, but have been thwarted in one way or another to turn it around.

In fact when Woodrow Wilson signed the order in 1913 to affiliate with and allow our currency to be controlled by the Fed he was going in direct opposition to our constitution, but even he was quoted as saying later “ I have unwittingly ruined my country”, when referring to the Fed.

Our Constitution strickly forbids private control of regulating and coining our currency. Article I, Section 8, Clause 5, of the United States Constitution provides that Congress shall have the power to coin money and regulate the value thereof and of any foreign coins.

Thomas Jefferson warned about using private banks to control our currency, stating, " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies". Further stating, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered." Others like Andrew Jackson and Abraham Lincoln were also opposed to a privately owned banking system controlling U.S. currency.

More recently there were those like Representative and member of the House Banking and Currency Committee, Charles A. Lindberg Sr. who stated in a speech he gave on January 15, 1915 "The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money, and in the interest of the stockholders and those allied with them." Again in 1932 it was severely criticized by Representative Louis T. McFadden also a member of the House Banking and Currency Committee, in which he states, "Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions. They are private credit monopolies that prey upon the people of the United States for the benefit of themselves and their foreign and domestic swindlers; and rich and predatory money lenders."

The last one to oppose the Federal Reserve System was President John F. Kennedy. On June 4th 1963 President Kennedy sign into law executive order 11110 that stripped the Fed from being able to loan the U.S. money with interest. However less that than six months later President Kennedy was assassinated, and his successor Lyndon Baines Johnson rescinded the order.

Henry Ford is also quoted as stating, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".

The thing that everyone should understand is that neither the Congress nor the President has control of the national debt; it is in the hands of this private corporation. Until we put pressure on our representatives to remove us from this system we will continue to spiral down into the abyss of financial dependence and debt. Once we have removed ourselves from the FED we will no longer have the need for the Federal Income Tax as it now stands. A more equitable and reasonable system of taxation to pay necessary government functions can then be instituted.