The dollar the Federal Reserve, FED to seal in green, a scam "legal" World.
Dollar Kennedy, the red seal, without interest, for the common good of the world.
If you find any, keep them, they have great value.
The Kennedys have died to bring down our financial channels.
The Federal Reserve (FED) has caused the Great Depression and is at the heart of all our current economic crises. None of the facts below are taught to students in schools today.
The official version is a sanitized version of American history that does not even make sense. Like so many things, if you want to know what really happened just follow the money.
41 facts about the history of central banks in the United States that everyone should know ....
# 1 Following the Seven Years War with France, King George III of England was deeply indebted vis-à-vis the central bank of England which is in fact a private bank .
# 2 In an attempt to increase revenue, King George strongly tempted to tax the colonies in America.
# 3 In 1763, the Bank of England asked Benjamin Franklin why the colonies were so prosperous, and this was his response ....
"It's simple. In the colonies we issue our own money. It is called Colonial Scrip. We are the problem in proper proportion to the demands of commerce and industry to manufacture the products pass easily from producers to consumers .
In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay for the banks. "
# 4 The Currency Act of 1764 directed the American colonists to stop printing their own money, colonial scrip (money that the colonists were using at the time) should be replaced at a ratio of two one for "notes" of the Bank of England.
# 5 Later in his autobiography, Benjamin Franklin explained the impact that this change in currency has had on the colonies ....
"In one year, conditions were so reversed that the era of prosperity ended, and depression sets in, so much so that the streets of the Colonies were filled with unemployed."
# 6 In fact, Benjamin Franklin stated unequivocally in his autobiography that the power to issue money was the main reason for the Revolutionary War ....
"The colonies would gladly have borne the tax on tea and some other matters had it not been that England took away the colonies their money which created unemployment and dissatisfaction. The inability of colonists to get power to issue their own money permanently. George III united the international bankers were the main reason for the Revolutionary War. "
# 7 Governor Morris one of the authors of the Constitution of the United States, we are solemnly warned in 1787 that we must not allow the bankers to enslave us ....
"The rich will strive to establish their dominion and enslave the rest. They always have. ... They will always They have the same effect here as elsewhere, if we do not, (power of) government, keep them in their proper fields. "
# 8 Unfortunately, those who warn us about the dangers of a central bank have not prevailed. After a failed attempt to create a central bank in the 1780s, the first bank in the United States was established in 1791. Alexander Hamilton (who had close ties to the Rothschild banking family) have concluded an agreement whereby he would support the move of the national capital at Washington, in exchange for support from the South to set up a bank Central.
# 9 George Washington signed the bill creating the largest bank in the United States on April 25, 1791. She received a charter of 20 years.
# 10 During the first five years of the first bank in the United States, the American government borrowed 8.2 million dollars and prices have increased 72 percent.
# 11 The opponents of the central bank are not happy. In 1798, Thomas Jefferson said the following ....
"I wish it were possible to obtain a single amendment to our Constitution -. Resuming on borrowing by the federal government "
# 12 In 1811, the charter of First Bank of the United States was not renewed.
# 13 A year later, the war of 1812 broke out. The British and Americans were at war again.
# 14 In 1814 the British captured and burned Washington DC, but the Americans eventually had significant victories in New York and New Orleans.
# 15 The Treaty Ghent, officially ending the war, was ratified by the U.S. Senate February 16, 1815 and was ratified by Britain February 18, 1815.
# 16 In 1816, another central bank was created. The Second Bank of the United States was prepared and received a charter for 20 years.
# 17 Andrew Jackson became president in 1828, was determined to end the power of central bankers in the United States.
# 18 In fact, in 1832, Andrew Jackson re-election slogan was "Jackson and no bank!"
# 19 July 10th, 1832 President Jackson said the following about the danger of a central bank ....
"It's not only our own citizens who are to receive the premium of our government. More than eight million shares of this bank are held by foreigners ... there is no danger to our freedom and independence of a bank that in its nature so little to bind it to our country? ... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence ... would be more formidable and dangerous military power of the enemy. "
# 20 In 1835, President Jackson fully repaid the U.S. national debt. He is the only U.S. president ever been able to achieve this goal.
# 21 President Jackson opposed the attempt to renew the charter of the Second Bank of the United States in 1836.
# 22 Richard Lawrence tried to take the life of Andrew Jackson, but he survived. It is alleged that Lawrence said he had done for "rich people in Europe".
# 23 The civil war was another opportunity for central bankers of Europe to live off of America. In fact, it is asserted that Abraham Lincoln actually wanted to borrow money to bank interest on the part of the Rothschilds in Europe in order to finance the war effort. Reportedly, the Rothschilds have required very high interest rates and Lincoln balked at paying.
# 24 Instead, Lincoln pushed through the Legal Tender Act of 1862. Under this Act, the U.S. government issued $ 449,338,902 of debt free money.
# 25 This debt-free money has been known as "Greenbacks" because of the green ink that was used.
# 26 The central banks of Europe were not happy. The following quote appeared in the Times of London in 1865 ....
"If this bad financial policy, which has its origin in North America, became a risk to the current system of power. If the government provides its own money without cost. He will pay the debt and debt-free, it will have any money to carry on its business. It will become prosperous without precedent in world history. The brain and wealth of all countries are in North America. This country must be destroyed or it will destroy every monarchy on the globe ".
# 27 Abraham Lincoln was shot by John Wilkes Booth April 14, 1865.
# 28 After the Civil War, all the money in the United States was created by the bankers who bought U.S. government bonds in exchange for bank notes.
# 29 James A. Garfield became president in 1881, and was a fierce opponent of banking powers. In 1881, he stated the following ....
"Whoever controls the volume of money in our country is absolute master of all industry and commerce ... and when you realize that the whole system is very easily controlled, one way or another, by a few powerful men at the top, you will You do not say how periods of inflation and depression follow. "
# 30 President Garfield was killed about two weeks later by Charles J. Guiteau July 2, 1881. He died of medical complications 19 September 1881.
# 31 In 1906, the U.S. stock market has been inundated with all kinds of securities. However, in March 1907, the U.S. stock market crashed completely. It is alleged that the elite bankers of New York were responsible.
# 32 Furthermore, in 1907, JP Morgan Rumors circulated that a major bank went bankrupt. This caused a massive recall race savings. In turn, banks have started to recall all their loans. The 1907 panic resulted in a congressional investigation that ultimately concluded that the central bank was "necessary" for this kind of panic never happens again.
# 33 It took a few years, but the international bankers finally got their central bank in 1913.
# 34 Congress voted on the Federal Reserve Act Dec. 22, 1913 between 1:30 ET 04:30.
# 35 An important part of Congress were asleep at that time or were already on their way home to celebrate Christmas.
# 36 The president signed the legislation that created the Federal Reserve, Woodrow Wilson, later, he deeply regretted the decision when he wrote the following ....
"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... I came to be one of the worst situations, one of the governments most completely controlled and dominated, in the civilized world no longer a Government by free opinion, no longer a Government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men. "
# 37 Between 1921 and 1929, the Fed increased the U.S. money supply by 62 percent. This was the period known as" The Roaring 20. "
# 38 In addition, highly leveraged "margin loans" has become very common during this period.
# 39 October 1929, bankers in New York began calling in these margin loans on a massive scale. This created the initial accident that initiated the Great Depression.
# 40 rather than increasing the money supply in response to this crisis, the Federal Reserve tightened credit really, so the monetary aggregates.
# 41 In fact, it was reported that the U.S. money supply contracted sharply over eight billion dollars between 1929 and 1933. This was an extraordinary amount of money for the time. More than a third of all American banks went bankrupt. The New York bankers were able to buy other banks and all sorts of other assets for pennies on the dollar. JF Kennedy wanted to change the whole system, he was killed in Dallas and the first order of "President" Johnson was to destroy the free dollars to Kennedy (see below).
Our elites are they aware of this?
course not.
In fact, it is rare that a student can even adequately explain what it really that a central bank and a war of currencies.
We lost a lot of what is important in our history.
And you know that those who forget history are doomed to repeat the same mistakes again and again.
It is absolutely essential that we learn what is really happening in our financial system and why we must make fundamental changes.
This financial terrorism is already more than innocent victims. ... Archbishop Concessao ... Ferray .blogspot.com/2010_04_01_archive.html - Cached ... euroracket.blogspot.com / - Similar pages
Feb 12. 2011 ... This financial terrorism is already more than innocent victims .... Vincent Concessao , Developed On the subject He Had Mentioned at the. ... Ferray .blogspot.com/2011/02/bush-un-chef-de-meutes-secretes-qui.html
Feb 12. 2011 ... This financial terrorism is already more than innocent victims .... Vincent Concessao , Developed On the subject He Had Mentioned at the. ... Concessao ... Ferray .blogspot.com/2010_04_01_archive.html - Cached ... caritas-in-veritate.blogspot.com / - Similar pages
April 29, 2010 ... Careful with terrorist financial producing all other ... http: / / Ferray .blogspot.com/2008/10/la-banque-corrompt-la- ... veritasincaritate.blogspot.com/2010/.../dieu-avant-largent-la-dictature-des. Html
October 16, 2008 ... their financial power United States. Paul Warburg was the first ... reported terrorists. Governments are forced to deliver ... Vincent Concessao , Developed On the subject He Had Mentioned At The Synod ... Ferray .blogspot.com / ... / the-bank-corrupts-the-majority-des.html - Cached
God before money. The dictatorship of financial terrorists. .... Exc. Archbishop Vincent Michael Concessao , Archbishop of Delhi (India). Archbishop Concessao ... Ferray .blogspot.com/2010_04_01_archive.html - Cached
view and in light of the social doctrine of the church, a study prepared by Alain Pilote during week study that followed the Congress of the Pilgrims of St. Michael in Rougemont, from 5 to 11 September 2006. This book is a new updated edition in 2009 (with new chapters and questions at the end of each chapter) of the first edition published in 2008 and entitled "Social Credit financial proposals explained in 10 lessons".
The idea of Social Credit can raise many questions among our new readers, and one article is certainly not sufficient to meet all these questions, or to give a good understanding of the whole concept of Social Credit. Furthermore, most people simply do not have time to read lengthy books on the subject. So here's the solution: the Social Credit proposals explained in 10 lessons, each the result of the previous one.
All those who appreciate the writings of Louis Even on Social Credit will be a duty to get this book, a masterpiece of logic and clarity. For new readers of "Tomorrow, we strongly recommend reading this book, which gives a simple but brilliant best possible explanations about the redesign of the economy that Social Credit. The last Update the print edition of June 2008, which contains fifteen chapters by more than the previous edition in 1988.
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From Debt to Prosperity
by J. Crate Larkin
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"United States Notes" were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a "Federal Reserve Note" issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a "United States Note" from the U.S. Treasury issued by President Kennedy's Executive Order. They almost look alike, except one says "Federal Reserve Note" on the top while the other says "United States Note". Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.
2) the creation of money by a privately owned central bank. His efforts to have all U.S. troops out of Vietnam by 1965 combined with Executive Order 11110 would have destroyed the profits and control of the private Federal Reserve Bank.
Executive Order 11110
AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:
SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended - (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): "(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.
JOHN F. KENNEDY THE WHITE HOUSE, June 4, 1963
Once again, Executive Order 11110 is still valid. According to Title 3, United States Code, Section 301 dated January 26, 1998:
Executive Order (EO) 10289 dated Sept. 17, 1951, 16 F.R. 9499, was as amended by:
EO 10583, dated December 18, 1954, 19 F.R. 8725;
EO 10882 dated July 18, 1960, 25 F.R. 6869;
EO 11110 dated June 4, 1963, 28 F.R. 5605;
EO 11825 dated December 31, 1974, 40 F.R. 1003;
EO 12608 dated September 9, 1987, 52 F.R. 34617
The 1974 and 1987 amendments, added after Kennedy's 1963 amendment, did not change or alter any part of Kennedy's EO 11110. A search of Clinton's 1998 and 1999 EO's and Presidential Directives has also shown no reference to any alterations, suspensions, or changes to EO 11110.
The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black's Law Dictionary defines the "Federal Reserve System" as: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves." Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors".
The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black's Law Dictionary, we find that these privately owned banks actually issue money:
"Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)".
The privately owned Federal Reserve (FED) banks actually issue (create) the "money" we use. In 1964, the House Committee on Banking and Currency, Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study entitled Money Facts which contains a good description of what the FED is: "The Federal Reserve is a total money-making machine. It can issue money or checks. And it never has a problem of making its checks good because it can obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them".
Any one person or any closely knit group who has a lot of money has a lot of power. Now imagine a group of people who have the power to create money. Imagine the power these people would have. This is exactly what the privately owned FED is!
No man did more to expose the power of the FED than Louis T. McFadden, who was the Chairman of the House Banking Committee back in the 1930s. In describing the FED, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932:
"Mr. Chairman, 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. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he 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. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".
Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions, departments, or agencies. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers. Those 12 private credit monopolies were deceitfully placed upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions.
The FED basically works like this: The government granted its power to create money to the FED banks. They create money, then loan it back to the government charging interest. The government levies income taxes to pay the interest on the debt. On this point, it's interesting to note that the Federal Reserve Act and the sixteenth amendment, which gave congress the power to collect income taxes, were both passed in 1913. The incredible power of the FED over the economy is universally admitted. Some people, especially in the banking and academic communities, even support it. On the other hand, there are those, such as President John Fitzgerald Kennedy, that have spoken out against it. His efforts were spoken about in Jim Marrs' 1990 book Crossfire:"
Another overlooked aspect of Kennedy's attempt to reform American society involves money. Kennedy apparently reasoned that by returning to the constitution, which states that only Congress shall coin and regulate money, the soaring national debt could be reduced by not paying interest to the bankers of the Federal Reserve System, who print paper money then loan it to the government at interest. He moved in this area on June 4, 1963, by signing Executive Order 11110 which called for the issuance of $4,292,893,815 in United States Notes through the U.S. Treasury rather than the traditional Federal Reserve System. That same day, Kennedy signed a bill changing the backing of one and two dollar bills from silver to gold, adding strength to the weakened U.S. currency.
Kennedy's comptroller of the currency, James J. Saxon, had been at odds with the powerful Federal Reserve Board for some time, encouraging broader investment and lending powers for banks that were not part of the Federal Reserve system. Saxon also had decided that non-Reserve banks could underwrite state and local general obligation bonds, again weakening the dominant Federal Reserve banks".
In a comment made to a Columbia University class on Nov. 12, 1963,
Ten days before his assassination, President John Fitzgerald Kennedy allegedly said:
"The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight."
In this matter, John Fitzgerald Kennedy appears to be the subject of his own book... a true Profile of Courage.
This research report was compiled for Lawgiver. Org. by Anthony Wayne
What is the Federal Reserve Bank?
What is the Federal Reserve Bank (FED) and why do we have it?
by Greg Hobbs November 1, 1999
The FED is a central bank. Central banks are supposed to implement a country's fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable. Central banks also do business, such as currency exchanges and gold transactions, with other central banks. In theory, a central bank should be good for a country, and they might be if it wasn't for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit.
There have been three central banks in our nation's history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as "fractional banking."
Fractional banking or fractional lending is the ability to create money from nothing, lend it to the government or someone else and charge interest to boot. The practice evolved before banks existed. Goldsmiths rented out space in their vaults to individuals and merchants for storage of their gold or silver. The goldsmiths gave these "depositors" a certificate that showed the amount of gold stored. These certificates were then used to conduct business.
In time the goldsmiths noticed that the gold in their vaults was rarely withdrawn. Small amounts would move in and out but the large majority never moved. Sensing a profit opportunity, the goldsmiths issued double receipts for the gold, in effect creating money (certificates) from nothing and then lending those certificates (creating debt) to depositors and charging them interest as well.
Since the certificates represented more gold than actually existed, the certificates were "fractionally" backed by gold. Eventually some of these vault operations were transformed into banks and the practice of fractional banking continued.
Keep that fractional banking concept in mind as we examine our first central bank, the First Bank of the United States (BUS). It was created, after bitter dissent in the Congress, in 1791 and chartered for 20 years. A scam not unlike the current FED, the BUS used its control of the currency to defraud the public and establish a legal form of usury.
This bank practiced fractional lending at a 10:1 rate, ten dollars of loans for each dollar they had on deposit. This misuse and abuse of their public charter continued for the entire 20 years of their existence. Public outrage over these abuses was such that the charter was not renewed and the bank ceased to exist in 1811.
The war of 1812 left the country in economic chaos, seen by bankers as another opportunity for easy profits. They influenced Congress to charter the second central bank, the Second Bank of the United States (SBUS), in 1816.
The SBUS was more expansive than the BUS. The SBUS sold franchises and literally doubled the number of banks in a short period of time. The country began to boom and move westward, which required money. Using fractional lending at the 10:1 rate, the central bank and their franchisees created the debt/money for the expansion.
Things boomed for a while, then the banks decided to shut off the debt/money, citing the need to control inflation. This action on the part of the SBUS caused bankruptcies and foreclosures. The banks then took control of the assets that were used as security against the loans.
Closely examine how the SBUS engineered this cycle of prosperity and depression. The central bank caused inflation by creating debt/money for loans and credit and making these funds readily available. The economy boomed. Then they used the inflation which they created as an excuse to shut off the loans/credit/money.
The resulting shortage of cash caused the economy to falter or slow dramatically and large numbers of business and personal bankruptcies resulted. The central bank then seized the assets used as security for the loans. The wealth created by the borrowers during the boom was then transferred to the central bank during the bust. And you always wondered how the big guys ended up with all the marbles.
Now, who do you think is responsible for all of the ups and downs in our economy over the last 85 years? Think about the depression of the late '20s and all through the '30s. The FED could have pumped lots of debt/money into the market to stimulate the economy and get the country back on track, but did they? No; in fact, they restricted the money supply quite severely. We all know the results that occurred from that action, don't we?
Why would the FED do this? During that period asset values and stocks were at rock bottom prices. Who do you think was buying everything at 10 cents on the dollar? I believe that it is referred to as consolidating the wealth. How many times have they already done this in the last 85 years?
Do you think they will do it again?
Just as an aside at this point, look at today's economy. Markets are declining. Why? Because the FED has been very liberal with its debt/credit/money. The market was hyper inflated. Who creates inflation? The FED. How does the FED deal with inflation? They restrict the debt/credit/money. What happens when they do that? The market collapses.
Several months back, after certain central banks said they would be selling large quantities of gold, the price of gold fell to a 25-year low of about $260 per ounce. The central banks then bought gold. After buying at the bottom, a group of 15 central banks announced that they would be restricting the amount of gold released into the market for the next five years. The price of gold went up $75.00 per ounce in just a few days. How many hundreds of billions of dollars did the central banks make with those two press releases?
Gold is generally considered to be a hedge against more severe economic conditions. Do you think that the private banking families that own the FED are buying or selling equities at this time? (Remember: buy low, sell high.) How much money do you think these FED owners have made since they restricted the money supply at the top of this last current cycle?
Alan Greenspan has said publicly on several occasions that he thinks the market is overvalued, or words to that effect. Just a hint that he will raise interest rates (restrict the money supply), and equity markets have a negative reaction. Governments and politicians do not rule central banks, central banks rule governments and politicians. President Andrew Jackson won the presidency in 1828 with the promise to end the national debt and eliminate the SBUS. During his second term President Jackson withdrew all government funds from the bank and on January 8, 1835, paid off the national debt. He is the only president in history to have this distinction. The charter of the SBUS expired in 1836.
Without a central bank to manipulate the supply of money, the United States experienced unprecedented growth for 60 or 70 years, and the resulting wealth was too much for bankers to endure. They had to get back into the game. So, in 1910 Senator Nelson Aldrich, then Chairman of the National Monetary Commission, in collusion with representatives of the European central banks, devised a plan to pressure and deceive Congress into enacting legislation that would covertly establish a private central bank.
This bank would assume control over the American economy by controlling the issuance of its money. After a huge public relations campaign, engineered by the foreign central banks, the Federal Reserve Act of 1913 was slipped through Congress during the Christmas recess, with many members of the Congress absent. President Woodrow Wilson, pressured by his political and financial backers, signed it on December 23, 1913.
The act created the Federal Reserve System, a name carefully selected and designed to deceive. "Federal" would lead one to believe that this is a government organization. "Reserve" would lead one to believe that the currency is being backed by gold and silver. "System" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created.
In reality, the act created a private, for profit, central banking corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.
Almost everyone thinks that the money they pay in taxes goes to the US Treasury to pay for the expenses of the government. Do you want to know where your tax dollars really go? If you look at the back of any check made payable to the IRS you will see that it has been endorsed as "Pay Any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig." Yes, that's right, every dime you pay in income taxes is given to those private banking families, commonly known as the FED, tax free.
Like many of you, I had some difficulty with the concept of creating money from nothing. You may have heard the term "monetizing the debt," which is kind of the same thing. As an example, if the US Government wants to borrow $1 million ó the government does borrow every dollar it spends ó they go to the FED to borrow the money. The FED calls the Treasury and says print 10,000 Federal Reserve Notes (FRN) in units of one hundred dollars.
The Treasury charges the FED 2.3 cents for each note, for a total of $230 for the 10,000 FRNs. The FED then lends the $1 million to the government at face value plus interest. To add insult to injury, the government has to create a bond for $1 million as security for the loan. And the rich get richer. The above was just an example, because in reality the FED does not even print the money; it's just a computer entry in their accounting system. To put this on a more personal level, let's use another example.
Today's banks are members of the Federal Reserve Banking System. This membership makes it legal for them to create money from nothing and lend it to you. Today's banks, like the goldsmiths of old, realize that only a small fraction of the money deposited in their banks is ever actually withdrawn in the form of cash. Only about 4 percent of all the money that exists is in the form of currency. The rest of it is simply a computer entry.
Let's say you're approved to borrow $10,000 to do some home improvements. You know that the bank didn't actually take $10,000 from its pile of cash and put it into your pile? They simply went to their computer and input an entry of $10,000 into your account. They created, from thin air, a debt which you have to secure with an asset and repay with interest. The bank is allowed to create and lend as much debt as they want as long as they do not exceed the 10:1 ratio imposed by the FED.
It sort of puts a new slant on how you view your friendly bank, doesn't it? How about those loan committees that scrutinize you with a microscope before approving the loan they created from thin air. What a hoot! They make it complex for a reason. They don't want you to understand what they are doing. People fear what they do not understand. You are easier to delude and control when you are ignorant and afraid.
Now to put the frosting on this cake. When was the income tax created? If you guessed 1913, the same year that the FED was created, you get a gold star. Coincidence? What are the odds? If you are going to use the FED to create debt, who is going to repay that debt? The income tax was created to complete the illusion that real money had been lent and therefore real money had to be repaid. And you thought Houdini was good.
So, what can be done? My father taught me that you should always stand up for what is right, even if you have to stand up alone.
If "We the People" don't take some action now, there may come a time when "We the People" are no more. You should write a letter or send an email to each of your elected representatives. Many of our elected representatives do not understand the FED. Once informed they will not be able to plead ignorance and remain silent.
Article 1, Section 8 of the US Constitution specifically says that Congress is the only body that can "coin money and regulate the value thereof." The US Constitution has never been amended to allow anyone other than Congress to coin and regulate currency.
Ask your representative, in light of that information, how it is possible for the Federal Reserve Act of 1913, and the Federal Reserve Bank that it created, to be constitutional. Ask them why this private banking cartel is allowed to reap trillions of dollars in profits without paying taxes. Insist on an answer.
Thomas Jefferson said, "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."
Jefferson saw it coming 150 years ago. The question is, "Can you now see what is in store for us if we allow the FED to continue controlling our country?"
"The condition upon which God hath given liberty to man is eternal vigilance; which condition if he breaks, servitude is at once the consequence of his crime, and the punishment of his guilt." John P. Curran
From Debt to Prosperity 
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