federal reserve

March 13, 2012
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The Federal Reserve, a public financial system. This is what everyone always though. Without research nothing is really proven, you can’t always believe the talk from other people. Some believe the Federal Reserve actually is a private centralized bank that controls America’s monetary system. The truth is, it’s one of our cause of debt and isn’t really needed, before going into detail thought, lets learn some history on the Federal Reserve.

Article 1,Section 8, and clause 5 of the U.S. constitution say congress has the power to coin money and regulate value. Not issue currency, control the flow of it, and even distribute it. What the Federal Reserve is doing is unconstitutional and illegal. In the early 1900s the most powerful banking families wanted to setup a central bank to make money. So they needed an event to take place to spark their plan. The Morgan’s made rumors about a huge New York bank going bankrupt. The fear of losing their deposits, people made immediate withdrawals. Due to this banks were forced to call in loans to prevent loss of their companies. This caused chain reactions and made the panic of 1909. The spark went excellent. The bankers then, wrote bills and codes to create a central bank and passed it to there inside men. Nelson Aldrich who was a family friend and congressman and Woodrow Wilson who became president. Who already agreed to sign the act into power in exchange of campaign support. Then, on December 23, 1913 the Federal Reserve went into power. Years later Woodrow wrote. “I’m a most unhappy man. I have ruined my country; a great industrial nation is now controlled by its system of credit. We’re 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 a small group of dominant men.”

“ I believe that banking institution are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people whom it properly belongs “-Thomas Jefferson. Very few governmental people, who acknowledged it, made the whole establishment of the Federal Reserve. The president at the time of all the bankers needed. The constitution never said a central bank could be established. It s one of the reason the colonies left England. Thomas Jefferson kicked out the other two banks out of America’s monetary system. This bank thought gained too much power through the manipulation of the gullible governmental officals.

The Federal Reserve is the cause of debt due to the fact that when we can just make money. We instead borrow federal notes from them in interest to be put in monetary circulation. When we can’t pay the interest, what do we do? We borrow even more notes from the Federal Reserve. It’s a never ending process. All the Federal Reserve does is increase production of its currency. “We are the problem and the solution”-? When the Federal Reserve came it was thought to be an economical stabilizer. An example of how the they work is this, in 1914-1919 they increase money supply (loans). Then, in 1920 they call in mass percentages of the loans. In 1927 the financial system collapses, I wonder why though? Most banks collapsed, but not them. This created a huge monopoly. “Under the federal reserve act. Panics are scientifically created. The present panic is the first scientifically created one, worked out as we figured a mathematical equation”-Charles Lindbergh. This was just a warm up. The Federal Reserve continued the cycle of increase and decrease to produce enormous profit. They created margin loans, which were easy moneymakers, but bad when the margin call came which meant people needed to pay back the loans in full within 24 hours. This caused bankruptcy and to most is considered the greatest robbery in history. The government needs a way to pay for them loans so they created an income tax. Sound familiar, probably since you pay one every year. It should be since 35 percent of your own wealth goes to the pockets of the bankers. The public’s ignorance to the tax is a point of view of how stupid the American population really is. Firstly, the tax is unconstitutional. Secondly, the tax is unapportioned and was never ratified in a court of law. Its been proven that the government uses this tax to pay not for education, but for the interest loan given to them by the Federal Reserve.

My point is proven, there’s no point of the Federal Reserve it was and still is a way to make lots of money for a few people. My argument can go on forever, but if you really want to find out the truth you have to learn everything and make up your own mind. The future is in your hands. Hope this has changed the way you think.

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