The Hundred-Year Hoax

The Federal Reserve Act, passed by Congress during Christmas recess in 1913, laid the foundation for the creation of a privately owned and controlled central bank and gave private bankers the power to control the nation’s money supply. Contrary to popular belief, the Federal Reserve Bank operates for the benefit of its owners, not the public. It engineers the transfer of wealth to them by rowing the economy between easy money and tight money cycles.

It was Alexander Hamilton who lobbied for the first private Federal Bank, and in 1789 Congress chartered the bank. Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said:

I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies.

In 1811, under President James Madison, Vice President George Clinton broke the tied vote in Congress to cast the bankers out, refusing to renew the charter for the bankers. Following the war of 1812, President Madison oddly reversed his opposition and proposed a second United States privately owned central bank, which came into existence in 1816.

However, in 1836 President Andrew Jackson, overriding Congress, closed it, commenting,

The bold efforts the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.

Jackson said, speaking to the bankers whose minions had wormed themselves into powerful government positions: You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out.. President Jackson fired nearly 700 federal employees, and paid off the national debt.

Woodrow Wilson was elected President of the United States in 1913. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support. In December 1913 while most members of Congress were home for Christmas, the Federal Reserve Act was slipped through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed: I have unwittingly ruined my country.

Why hasn’t Congress abolished this central bank in all the years since 1913? To begin with, most Congressmen just don’t understand the system. Only a few of those who do have had the courage to speak up. Rep. Louis T. McFadden, Chairman of the House Banking and Currency Committee, said in 1932:

We have in this country one of the most corrupt institutions the world as ever known. I refer to the Federal Reserve Board ... This evil institution has impoverished ... The people of the United States ... And has practically bankrupted our Government. It has done this through the corrupt practices of the moneyed vultures who control it

On October 3, 1936, Congressman McFadden was poisoned to death. This was the third assassination attempt on his life. He had suffered an earlier poisoning and had had shots fired at him.

The battle over who gets the power to issue our money has been the pivotal issue throughout the history of the United States. Wars were fought over it, depressions caused to acquire it, yet after WW I, this battle was rarely mentioned in newspapers or history books. Why? By WWI, the the money changers with their dominant wealth had seized control of most of the nation’s press. After three generations, today’s voting public has been conditioned to believe the Federal Reserve Bank is a necessary and integral part of our Federal Government. It is not!

Article 1, section 8, of the Constitution:

The Congress shall have the Power.....To coin Money, regulate the Value thereof, ....

The United States Constitution gives the U.S. Treasury the power to coin (issue) money. Nowhere in that document is Congress given the authority to delegate this responsibility to a cartel of private bankers.

Because the issuing power of money was (unconstitutionally) granted to the Federal Reserve Bank, the Treasury then had to borrow the money it needed to pay federal obligations, and pay interest. On 30 September 2008, the total U.S. federal debt passed the $10 trillion mark, for the first time (about $32,895 per capita).

Advent of the Income Tax

The United States of America was financed and built almost entirely with tariffs for more than a century. We didn't have nor did we need an income tax until we got the bankers back. The income tax was only needed to pay interest to the bankers for money they lent to our government. In just five short months, from October, 2005, through February, 2006. American taxpayers paid the FED banking system $173,875,979,369.66 in interest. No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.

According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Fed’s collection agency comes after you and confiscates everything you own.

In the nearly 100 years of the existence of the Fed, it has NEVER been audited and they don't pay income tax on the billions of dollars they take from us. According to Congressional record the U.S. Government can buy back the FED at any time for $450 million. That's about half the amount of money we pay them daily.

During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed.

He would not think of plunging his beloved country into a debt that the country would find impossible to pay back. So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: ... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts ...

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U..S. Civil Service employees, and bought supplies for the war.

Lincoln was assassinated shortly after the war and Congress revoked the Greenback Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.

On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today.

In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963. The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 were Federal Reserve Notes.

Follow The Money!

When you connect the dots you find there was no one in the world who had a more apparent motive to kill these two Presidents than the bankers. It seems inconceivable that anyone could still think there was no conspiracy in the assassination of JFK, especially when you consider the many people that were murdered or had suspicious deaths and who were associated in some way with Kennedy's assassination.

Sources:
BIGGEST SCAM IN HISTORY
Documentary: The Money Masters
The History of the Money Changers

"Act as a rational being and aim at becoming a rallying point for all those who are starved for a voice of integrity - act on your own rational values, whether alone in the midst of your enemies, or with a few of your chosen friends, or as the founder of a modest community on the frontier of mankind's rebirth.

- Ayn Rand, Atlas Shrugged