The Federal Reserve

The Federal Reserve is not federal... and other facts.

The following links go in greater detail about the Federal Reserve and other related interests. You may be surprised at what you find out about our money and country.

The Federal Reserve Act

The Federal Reserve is Privately Owned
How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a "group of bankers" (they were members of the Round Table Group, which changed its name in 1920 to: THE COUNCIL ON FOREIGN RELATIONS) funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, Nelson Aldrich, a Senator, and the 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 Federal Reserve Act. Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly ruined my country"

His statement was not out of "remorse" - it was to avoid accountability, the man was a college professor with a PHD, he knew exactly what he was doing. Even if it had been "unwitting" He certainly made no effort to undue his destructive actions during his remaining 7 years in office, instead he continued passing the Round Tables agendas, a few of which were:

ABOLISH THE FEDERAL RESERVE (Speech by Ron Paul)

Mr. Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. I also ask unanimous consent to insert the attached article by Lew Rockwell, president of the Ludwig Von Mises Institute, which explains the benefits of abolishing the Fed and restoring the gold standard, into the record.

Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax impos ed on the American people.

Minnesota Judge Holds Federal Reserve Act Unconstitutional and Void
This decision, which is legally sound, amounts to an emancipation of this nation from personal, national and State debt purportedly owed to this banking system.

America Created Its Own Money in 1750
How Benjamin Franklin Made New England Prosperous
"That is simple. In the Colonies, we issue our own paper money. It is called 'Colonial Scrip.' We issue it in proper proportion to make the goods and pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one."

The Federal Reserve: Unconstitutional Money Regulation
In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated: "But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost."

Ex-Fed Chief Volcker: Most Dangerous Economy Ever
April 15, 2005 In a recent speech, former Federal Reserve Chairman Paul Volcker voiced his concerns for the future the American economy and that of the rest of the world.

Re: Notes of Debt are not Income
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy.”

Federal Reserve: Peter G. Peterson Speaks out on three serious deficits
Mr. Peterson spoke of his close and personal relationship with Federal Reserve Chairman Greenspan. He made many extremely important points in his interview:

1. He spoke of three serious deficits, the Budget Deficit, Trade Deficit and what he considered to be the most important, the Current Account Deficit.

Federal Reserve: The United States Is In Deep Financial Trouble!
March 17, 1993 What would be a jailable offense for a normal citizen was rendered legal for the government by the Federal Reserve Act. This was not a popular piece of legislation. In fact the Democrats had campaigned in 1912 on a platform of rejection of the creation of a private bank in charge of a fiat money system. Nevertheless, on December 23, 1913, taking advantage of the absence of congressmen opposed to the creation of a fiat monetary system during the Christmas break, the Federal Reserve Act was passed.

"THE DISMAL MONETARY SCIENCE"
March 28, 2005 The Goldbug Variation II
Gold is just another metal. If it sometimes seems to be more, that is only because society has found it convenient to use gold as a medium of exchange - a bridge between other, truly desirable, objects.

Secrets of the Federal Reserve
HISTORICAL BEGINNINGS . . . . THE FEDERAL RESERVE" Secrets of the Federal Reserve and the London Connection ... "G. Edward Griffin exposes the most blatant scam of all history. It’s all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. It's just exactly what every American needs to know about the power of the central bank."

Federal Reserve - Enemy of America
Charles A. Lindbergh, Sr. 1913 "When the President signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill."

Federal Reserve - What's Money?
Folks seldom think about what they're using for money. Money is a very complicated and little-known subject. This week The Spotlight takes a look at Federal Reserve Notes and other forms of American money. You may be suprised to find out that Federal Reserve Notes were backed by gold for 20 years. After being taken off the gold standard, the notes were still redeemable in "Lawful Money." The Spotlight traces 83 years of the Federal Reserve's funny money.

A phone call to the Fed
The following is a conversation with Mr. Ron Supinski of the Public Information Department of the San Francisco Federal Reserve Bank. This is an account of that conversation.

Bank of Credit and Commerce International
Equally important to BCCI's successful secret acquisitions of U.S. banks in the face of regulatory suspicion was its aggressive use of a series of prominent Americans, beginning with Bert Lance, and continuing with former Defense Secretary Clark Clifford, former U.S. Senator Stuart Symington, well-connected former federal bank regulators, and former and current local, state and federal legislators. Wittingly or not, these individuals provided essential assistance to BCCI through lending their names and their reputations to BCCI at critical moments. Thus, it was not merely BCCI's deceptions that permitted it to infiltrate the United States and its banking system. Also essential were BCCI's use of political influence peddling and the revolving door in Washington.

The Federal Reserve Is A privately Owned Corporation
Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED]

THE UNITED STATES IS STILL A BRITISH COLONY:
EXTORTING TAXES FOR THE CROWN! A DOCUMENTARY REVIEW OF CHARTERS AND TREATIES August 17, 1996 An introduction by the "Informer"

Rep. Traficant Charged With Bribery
Inflation is an invisible form of taxation that irresponsible governments inflict on their citizens. The Federal Reserve Bank who controls the supply and movement of FRN's has everybody fooled. They have access to an unlimited supply of FRN's, paying only for the printing costs of what they need. FRN's are nothing more than promissory notes for U.S. Treasury securities (T-Bills) - a promise to pay the debt to the Federal Reserve Bank.

The Way It Is
The Federal Reserve was illegally established, in 1913, by corrupt legislators in sufficient numbers to sneak the legislation through just hours before Christmas when the honest legislators who would have blocked it were home for the holidays (folks traveled by horse and buggy and trains back then). The details of that are not sufficiently important to this presentation to merit their lengthy disclosure here. Suffice it to say that it was a deliberate move designed to give the organization total control of the United States and its vast assets.

The Real Story of the Money-Control Over America
Instead of the Constitutional method of creating our money and putting it into circulation, we now have an entirely unconstitutional system. This has resulted in almost disastrous conditions, as we shall see.

Federal Reserve: WHO IS RUNNING AMERICA?

Federal Reserve: Congressman McFadden's speech on the Federal Reserve Corporation

Federal Reserve Notes Declared Unconstitutional Null And Void By The Court

The Federal Reserve Is A PRIVATELY OWNED Corporation
By Thomas D. Schauf

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 moneterizing US National Debt for 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 unconstitutionally 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).