The Fed

Not to negate what you have said, because it is quite true...sadly enough -but the USA is actually indebted to the Federal Reserve Banks, which are private institutions owned by private foreign investors who all just happen to belong to the Bank of England.

Ironic, isn't it? What England couldn't gain by force, it gained through subversion. This country has been sold to the Queen, and that is a dirty little secret that will eventually come out. But first...world domination.

 

Yeah, but by who? I'm betting it won't be the Queen or her successors. And, unless we decide to become ruthless in conquest rather than politically correct, it won't be us either. Given the internal unrest in Jolly Old England, someone else is going to own the banks. Any good guesses?

 

As we all probably know...the US is attempting to control the middle east, the fossil fuel, and the ability to dominate the market. But why?

It all leads back to the principles that have already been dictated by the ones who make war for profit and for increased control. Not only do the banks already control virtually every monetary system on the planet, but they have the power to make war for those who do not comply with policy. The Project for a New American Century, also known as PNAC, which is headed by Jeb Bush, Cheney and Rumsfeld -outlines a clear plan for global control and instituting crisis to expand their power base here in the United States. (martial law)

The idea is to create an environment so detestable and unfavorable that the American people will welcome a UN controlled national policy over the current one, and I believe that terrorism may be the tool for their control.

In any case, to answer your question more directly, I would be careful of China and Russia. I have been doing research for a couple of years now on the two, and it looks like their recent friendship and alliances may end up growing into a red faction that will soon rival the superpowers of the US and Britain. And to any of those who doubt Russia's capability -they REALLY need to check into their facts more closely. Gorbachev even stated on record at the time he stepped down that their policy and power has not ended, as it would only be a move to make the "free world" fall asleep. Not only that but we have been funding Russia ("our" federal reserve banks) since the early 1900's.

This is all a staged and managed (and well controlled) chessboard. And I mean that in every sense.

*edited for opsec*

 

Actually, you are wrong, Ghostrider. You are 100% wrong in fact.

It is a fact that the Federal Reserve is no more “Federal” than the Federal Express Delivery Service. You can easily verify this little factoid by simply looking them up in the phone book. You will find that the Federal Reserve is conveniently located in the business listings. Calling the Federal Reserve Bank will serve you justice as well. All you need to do is ask the Public Relations Manager how many government employees they have. The Federal Reserve Banking System, also known as the “Fed”, is a completely privately owned and run establishment. They have no need to lie when the Government and the Media will do it for them.

A cadre of some of the wealthiest individuals in the world comprises the Federal Reserve Board.

“The Federal Reserve Banks are privately owned locally controlled corporations.” –Lewis vs. U.S., 680 F.2d 1239, 1241 (1982)

First, to understand how the Fed operates, you must be able to comprehend what type of monetary system we have. Previous to the 1930’s, the United States had a system of weights and measures known as the gold standard. An individual could take their hard-earned “dollars” to the bank and exchange them for the stated amount of gold or silver as denoted on the “dollar”. This system is what had been changed to better please the globalist money changers desires.

Not only am I correct, but I am also fully educated on the subject.

 

The Board of Governors
of the Federal Reserve System

On December 23, 1913, the Federal Reserve System, which serves as the nation's central bank, was created by an act of Congress. The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States.


Appointments to the Board
The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may serve only one full term, but a member who has been appointed to complete an unexpired term may be reappointed to a full term. The President designates, and the Senate confirms, two members of the Board to be Chairman and Vice Chairman, for four-year terms.

Representation
Only one member of the Board may be selected from any one of the twelve Federal Reserve Districts. In making appointments, the President is directed by law to select a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country." These aspects of selection are intended to ensure representation of regional interests and the interests of various sectors of the public.

Responsibilities
The primary responsibility of the Board members is the formulation of monetary policy. The seven Board members constitute a majority of the 12-member Federal Open Market Committee (FOMC), the group that makes the key decisions affecting the cost and availability of money and credit in the economy. The other five members of the FOMC are Reserve Bank presidents, one of whom is the president of the Federal Reserve Bank of New York. The other Bank presidents serve one-year terms on a rotating basis. By statute the FOMC determines its own organization, and by tradition it elects the Chairman of the Board of Governors as its Chairman and the President of the New York Bank as its Vice Chairman.

The Board sets reserve requirements and shares the responsibility with the Reserve Banks for discount rate policy. These two functions plus open market operations constitute the monetary policy tools of the Federal Reserve System.

In addition to monetary policy responsibilities, the Federal Reserve Board has regulatory and supervisory responsibilities over banks that are members of the System, bank holding companies, international banking facilities in the United States, Edge Act and agreement corporations, foreign activities of member banks, and the U.S. activities of foreign-owned banks. The Board also sets margin requirements, which limit the use of credit for purchasing or carrying securities.

In addition, the Board plays a key role in assuring the smooth functioning and continued development of the nation's vast payments system [see Fedwire and Payment System Risk Policy].

Another area of Board responsibility is the development and administration of regulations that implement major federal laws governing consumer credit such as the Truth in Lending Act, the Equal Credit Opportunity Act, the Home Mortgage Disclosure Act and the Truth in Savings Act [see Consumer Information and Community Development].

Meetings
The Board usually meets several times a week. Meetings are conducted in compliance with the Government in the Sunshine Act, and many meetings are open to the public. If the Board has convened to consider confidential financial information, however, the sessions are closed to public observation.

Contacts within Government
As they carry out their duties, members of the Board routinely confer with officials of other government agencies, representatives of banking industry groups, officials of the central banks of other countries, members of Congress and academicians. For example, they meet frequently with Treasury officials and the Council of Economic Advisers to help evaluate the economic climate and to discuss objectives for the nation's economy. Governors also discuss the international monetary system with central bankers of other countries and are in close contact with the heads of the U.S. agencies that make foreign loans and conduct foreign financial transactions.

 

Inflamatory at best, guaranteed to irritate, not enlighten.

But I also agree that war tactics should be based on being effective. Unfortunately, we are not talking about war here, we are talking about a holy crusade for world domination and the extermination of any people, entire races who stand in the way.


Most of them (Americans especially) still believe that we are fighting a real enemy, when it is fact that Al-CIAda and all the "terrorists" are a phantom enemy or controlled organizations at best. The Neo-Cons in power RIGHT NOW are murderers who feasted off of the assassination of Kennedy and they will have their judgement day...

It all leads back to the principles that have already been dictated by the ones who make war for profit and for increased control. Not only do the banks already control virtually every monetary system on the planet, but they have the power to make war for those who do not comply with policy. The Project for a New American Century, also known as PNAC, which is headed by Jeb Bush, Cheney and Rumsfeld -outlines a clear plan for global control and instituting crisis to expand their power base here in the United States. (martial law)

The idea is to create an environment so detestable and unfavorable that the American people will welcome a UN controlled national policy over the current one, and I believe that terrorism may be the tool for the control.

Brokor, your bucket is leaking. These things (taken collectively as you seem to think) if true, would be a conspiracy of such monumental proportions as to make the Sicilian code of "Omerta" trivial by comparison. You say you have studied the history and persons involved back 50 odd years. Do you really think a series of events over that much time can be construed as a plan for the world which even now is being executed without a leak in the strategy/tactics/OPLAN that would attract attention? You need a new ground strap on your tinfoil hat, methinks.

That said, you have earned your right to opine simply by being a citizen willing to put up or shut up, as most of us are. Your view is radically away from logical, but it is good to see it written. I, for one, like seeing the kernals that pop up, always a learning process.

 

Actually I only ever stated LAW, FACT, and any person can do the research and verify.

Righthand: Your entire post is about THE BOARD, which is not part of our government, but is entirely appointed and it operates exclusively outside the jurisdiction of the United States constitution, i.e., a cadre of some of the wealthiest men in the world comprises the Federal Reserve Board.

And please do not ignore fact in law:
“The Federal Reserve Banks are privately owned locally controlled corporations.” –Lewis vs. U.S., 680 F.2d 1239, 1241 (1982)


And that goes for the rest of you. I am not some crazy lunatic, I have studied these laws for well over a decade, and I want ANY ONE OF YOU to prove me WRONG instead of ganging up on me just so you can stroke your own ego's.

Thank you.

 

We have come a long way from white phosphorous' use in war to international, geopolitical and federal resever banks ownership by the queen of england.

Help us understand more than simply posting a single legal case, Broker. You might be suprised how people are open to discussion about these issues when they are give real, hard facts.

Here are readings to undestand how the federal reserve is controlled by the bank of england, the rockefellers, and the

http://land.netonecom.net/tlp/ref/federal_reserve.shtml

other info:

http://www.apfn.org/apfn/reserve.htm

http://www.goldismoney.info/forums/showthread.php?p=56537

 

[rofllmao]

 

I can split the "Fed" posts to a new one. For I do believe it is worthy of discussion. Clyde, Good link to Goldismoney... I browse that forum quite a bit and they are pretty logical.

I good book is "The creature from Jeckyl Island", by Griffon... I'll find a place for the new thread.

The federal Reserve was set up by Congress. It is not under the control of congress however. The "World Bank" is also a private organization.. I'll split this off.

 

Deleted. Not awake when posted.

 

(Author: Brokor)

The True Color Of Money

If you were told that everything you have ever known was actually a lie, would you believe it?

What if I told you that the color of money is purple? You would look at me funny or think I was off my rocker. I bet that if your political leaders and the media were to tell you this, you would offer the statement far more consideration.

This is precisely what type of challenge we face, as educators of the American people. Not only must we attempt to inform you of something so difficult to believe on an ordinary basis, such as the infrastructure and dealings of an entity as large as the Federal Reserve Banking System, but we must also attempt to persuade your way of thinking in the process, and that is the easy part. The difficulty comes when we must attempt to recondition you into thinking for yourself instead of for somebody else.

Why would anyone wish to persuade your way of thinking?

Well, the above question brings us to the purpose of this article. It is a fact that the Federal Reserve is no more “Federal” than the Federal Express Delivery Service. You can easily verify this little factoid by simply looking them up in the phone book. You will find that the Federal Reserve is conveniently located in the business listings. Calling the Federal Reserve Bank will serve you justice as well. All you need to do is ask the Public Relations Manager how many government employees they have. The Federal Reserve Banking System, also known as the “Fed”, is a completely privately owned and run establishment. They have no need to lie when the Government and the Media will do it for them.

A cadre of some of the wealthiest individuals in the world comprises the Federal Reserve Board.

“The Federal Reserve Banks are privately owned locally controlled corporations.” –Lewis vs. U.S., 680 F.2d 1239, 1241 (1982)

First, to understand how the Fed operates, you must be able to comprehend what type of monetary system we have. Previous to the 1930’s, the United States had a system of weights and measures known as the gold standard. An individual could take their hard-earned “dollars” to the bank and exchange them for the stated amount of gold or silver as denoted on the “dollar”. This system is what had been changed to better please the globalist money changers desires.

In 1933, then President Franklin Delano Roosevelt systematically altered the American economy by declaring a bank holiday and by proclamation which became permanent law, instituted a Fractional Reserve Banking System. The devious plan to deceive the American people was pulled off without a hitch. Of course, FDR would not have been able to pull this off at all if it were not for the Federal Reserve Act of 1913. Without this act of questionable legal passing, it would not have been possible for America to have gone from being the wealthiest nation in history, to the world’s most indebted nation ever.

“The Congress shall have the power…To coin money, regulate the value thereof…” –U.S. Constitution, Article 1 S.8

“…an unconstitutional statute, whether federal or state, though having the form and name of law, is in reality no law, but is wholly void, and ineffective for any purpose, since unconstitutionality dates from the time of its enactment, and not merely from the date of the decision so branding it. No one is bound to obey an unconstitutional law and no courts are bound to enforce it.” -16th American Jurisprudence, S. 256, 2nd Ed.

What is a Fractional Reserve System?

The Fractional Reserve money supply is made up predominantly of book entries – some 97% of it. Only 3% is actual coin and paper currency. Without a continuous and exponentially increasing cycle of borrowing, debt, and refinancing, the entire system would rapidly collapse. The FED believes that debt is assets. Banks create money by monetizing debt. This is done through you and your borrowing. You are an asset. Can you see how much power was created by FDR for the bankers when this system went into full swing? First, all of your gold was demanded to be returned or penalties and fines would be imposed. Second, the new system was incorporated for your appeasement while the bankers shipped your gold offshore and melted it down for themselves.

The IRS

I have written many diagrams and explained in detail the exactitude and complexity of the Federal Reserve System, and believe me when I tell you that it really is simple to understand once you “unlearn” all the falsities. The number one false belief: “my taxes support…” (Insert your social program here). The truth is, every penny collected from tax revenues are applied toward the national debt and electronic transfer payments. The truth is your federal “tax dollars” pay for absolutely nothing. The right hand to the powerful and private FED is none other than its loyal partner in crime, the Internal Revenue Service.

The IRS is another privately owned and run corporation and is based out of Puerto Rico and devoted completely to confiscating your property and imprisoning all those who “do not comply”. It is too bad that more people do not know that the federal income tax on wages is 100% voluntary.

“Whoever controls the money in any country is master of all its legislation and commerce.” –President James Garfield

“No state shall…coin money; emit bills of credit; make any thing but gold and silver coin a tender payment of debts…” -Article 1, S.10, U.S. Constitution

It is a good thing that the 16th amendment was never ratified. It was basically declared “In-Effect” by President Wilson’s Secretary of State, Philander Knox, on February 25, 1913.

The CAFR

Budgets are basically planning and monitoring documents. Companies prepare a budget. Governments prepare a budget. Companies prepare an annual financial statement of the total financial condition of the company based on what actually happened. Governments also prepare an annual financial statement of all of their financial activities of what actually happened. It is called the Comprehensive Annual Financial Report (CAFR). The CAFR is prepared annually. The CAFR is prepared under the accounting and reporting standards outlined by the Government Accounting Standards Board (GASB). It is an audited report. The CAFR has four parts:

1. Governmental Funds
2. Propriety Funds
3. Fiduciary Funds
4. Component Units

The budget you always hear about primarily involves the Governmental Funds. The other three major categories are not included in the budget and this is in most cases where most of the surpluses are located. Think about this. Basically, there are enormous amounts of funds being invested and returned to our government that you never know about. This money is used for anything from lining certain “pockets” to funding covert military operations and training their globalist organizations worldwide. The American people have a separate “budget” and are constantly told that there is a “deficit”. This false budgeting essentially controls the masses and keeps them in a perpetual state of conditioned need. If there is no actual need for income tax revenues to be collected from the American people, then what other purpose would there be for a government to continually derive its “functioning revenue”? How many presidential campaigns include “promises” to lower your taxes and include tax reform?

Around The Corner

There is a solution to these corrupt governmental afflictions. Most of what has happened was secretly and illegally passed through our legislatures. Only by educating ourselves about our heritage and learning from history will we be better suited to prepare for correcting what has gone wrong with our nation. There are groups out there who are currently aligning Americans against the corrupt, treasonous politicians that have been led astray or jumped on board the new aged revolution known only as the New World Order. One such group is the We the People Foundation (Web Site), where thousands of people have already joined the freedom train with legal action against these corrupt government servants.

With people standing together against oppression, there is a far better chance to alleviate what has gone terribly wrong. The first step may be to admit that the color of money is whatever you are told it is. You must resist them and begin to join the fight.

(I wrote this article for FTV a while back. Thought I would share.)
____________________________________________________________________


Death of the Constitution
Everything that happens today pertaining to governmental corruption, the economy, foreign relations, and yes, even what you buy at the supermarket is as a result of one single day in our history in the year 1933. The fact is, most Americans simply do not know that they are already living under martial law, and have been for over 70 years. In fact, most everyone alive today has been born under emergency rule and have never even tasted true freedom.

Read on for more.

How many of you know what a Republic is? And how many of you know that a Democracy is not our inherent form of government? In fact, another word for communism is “Democracy.” Since definitions apparently change with popular opinion and with time, I decided to find a definition of both “Democracy” and “Republic”, from a time in our history when we were not so completely controlled by our corrupt and powerful servants. These definitions are taken from The Soldiers Training Manual, issued November 30, 1928, which gives the following definitions:

“TM 2000-25: 118-120, Democracy – A government of the masses. Authority is derived through mass meeting or any other form of direct expression. Results in mobocracy. Attitude toward property is communistic, negating property rights. Attitude toward law is that the will of the people shall regulate, whether it be based upon deliberation, or governed by passion, prejudice, and impulse, without restraint or regard to consequences. Results in demagoguism (sic), license, agitation, discontent, and anarchy.”

“TM2000-25: 120-121, Republic – Authority is derived through election by the people of public officials best fitted to represent them. Attitude toward property is respect for laws and individual rights, and a sensible economic procedure. Attitude toward law is the administration of justice in accord with fixed principles, and established evidence, with a strict regard to consequences. greater number of citizens and extent of territory may be brought within its compass. Avoids the dangerous extreme of either tyranny or mobocracy. Results in statesmanship, liberty, reason, justice, contentment, and progress.”

Now that you have a little knowledge about where we come from, please allow me to inform you about why we no longer have an active Constitution, how this came to pass, and what we all can do to remedy the situation.

The Past Is Our Future

On March 6, 1933 President Franklin D. Roosevelt declared a bank holiday and made a declaration of emergency for the nation. As you probably know, a severe “crisis” was on hand at the time. The United States was suffering from “money shortages”, essentially, gold….and the wealthy foreign bankers in charge of the currency conspired with their new star pupil to create a massive federal reserve banking system based on false wealth. Now, these are severe allegations, so please allow me to prove this to you. You can go to your public library and refer to these documents that I am about to list. I want you to do this so you may actually know for a fact that what I am about to say is 100% true.

Franklin D. Roosevelt in his inaugural speech, March 4, 1933: “I shall ask the Congress for the one remaining instrument to meet the crisis . . . broad executive power to wage a war against the emergency as great as the power that would be given to me if we were in fact invaded by a foreign foe.”

How It All Began

The sounds are reminiscent of a science fiction novel, but I can assure you, this is deadly real. On Nov 19, 1973 in Senate Report 93-549, 93rd Congress had this to say: “Since March the 9th, 1933, the United States has been in a state of declared national emergency”

(Also see Presidential Proclamations 2038, 2039, 2040 of March 6 through March 9, 1933.)

The Senate Report went on to say: “This vast range of powers, taken together, confers enough authority to rule the country without reference to normal constitutional process. Under the powers delegated by these statutes, the President may: seize property; organize and control the means of production; seize commodities; assign military forces abroad; institute martial law; seize and control all transportation and communication; regulate the operation of private enterprise; restrict travel; and, in a plethora of particular ways, control the lives of all American citizens.”

Now, folks…this is well known. This is not a concept that was not known to rulers for many, many years. The concepts of the constitutional dictatorship went clear back to the Roman Republic. And there, it was determined that, in times of dire emergencies, yes, the constitution and the rights of the people could be suspended, temporarily, until the crisis, whatever its nature, could be resolved. Once it was done, the Constitution was to be returned to its peacetime position of authority. In France, the situation under which the Constitution could be suspended is called the State of Siege. In Great Britain, it’s called the Defense of the Realm Acts. In Germany, in which Hitler became dictator, it was simply called Article 48. In the United States it is called the War Powers.

If we are indeed under a war emergency in this country, then there should be evidence of that war emergency in the current law that exists today. That means that we should be able to go to the federal code known as the USC or the United States Code, and find that statute that law, in existence.

If we went to the public law library today and picked up a copy of 12 USC and went to section 95 (b), we will find a law which states;

“The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made, or issued by the President of the United States or the Secretary of the Treasury since March the 4th, 1933, pursuant to the authority conferred by Subsection (b) of Section 5 of the Act of October 6th, 1917, as amended [12 USCS Sec. 95a], are hereby approved and confirmed. (Mar. 9, 1933, c.1, Title I, Sec. 1, 48 Stat 1.)”

[Congress just made the President a dictator. The word “hereafter” is pivotal.]


___________________________________________________________________

Of course I skipped the fact that Wilson sold out this country by allowing the Federal Reserve Act to pass -an act which had plenty of resistance and would not have otherwise been accepted. In 1913, the Federal Reserve Act was passed, and this was the true starting point of the downfall of this nation. If only Wilson had the resolve of Jackson we would never even be in this situation today.

But I digress...

 

Exactly.

Didn't you just explain that? The withdrawal of the money supply and by hoarding gold, the monetary system was controlled...and that means so was the crash. The monetary system was altered by FDR and it eventually became a fiat currency no longer backed by gold. He and his banker buddies confiscated all the gold and shipped it offshore and melted it down.

To fully explain this tactic, I must first give some history:

For centuries, international bankers have enjoyed a lucrative business by financing governments and wars, and command considerable influence in the policies of such governments. Repayment of these loans could usually be guaranteed by the indebted government levying taxes upon its people. If a king or government could not or would not repay its loans, its enemy or rival would be financed. The business of financing wars was & still is very profitable.

As the wealth of these private banking empires increased, they eventually owned, as private corporations, the various central banks of Europe. Predominant among these was the House of Rothschild, with banking houses in major European capitals. Their seat of power was located in London, through control of the Bank of England. By loading more paper into circulation than gold to back it (fractional reserve banking), they were able to amass fortunes. By 1850, the House of Rothschild had more wealth than the combined monarchies of Europe.

What better way to expand economic control than by financing Europe's colonization? And what better prize was there than America, with her industrious people and vast resources? The War of Independence was not only independence from English rule, but economic independence as well. Our Founders drafted the Constitution so that only Congress had control over our monetary system, unlike the private monopolies controlling European economics.

Thomas Jefferson issued this warning: "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."

In 1792, contrary to Jefferson's warning, Alexander Hamilton established a 20 year charter with the Bank of England. When the renewal was denied in 1812, war broke out again. The charter was renewed in 1816. In 1833, President Andrew Jackson removed all moneys from this chartered bank and placed them into state banks. Mexico invaded Texas in 1836 after the renewal was again denied. Could these wars have been attempts by the European banking monopolies to disrupt and control Americas economy? The War Between The States (Lincoln's War) continued this pattern.

Abraham Lincoln said: "The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, (and) more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe ... corporations have been enthroned, and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed."

Now to get more to the United States exclusively....

By the end of the 19th Century, American industrialists and bankers, through the Industrial Revolution, had achieved great wealth. An excellent account of this is Matthew Josephson's 1934 book, entitled "The Robber Barons; the Great American Capitalists 1861-1901-(by Matthew Josephson, Harcourt, Brace and Co. New York 1934; available secondary market).
The industrialists were known as "Big Business" and the Wall Street bankers as the "Money Trust". The most prominent of these was banker J.P. Morgan. It was Morgan, working with the European banking dynasties, who created the "Financial Panic of 1907" This was an effort to manipulate Congress to approve of a central bank.

In 1912, Woodrow Wilson became President. His chief advisor and administrator was Col. Edward Mandell House, who was a proponent of world government, a representative of the European banking dynasties, and had close ties with the Morgan interests.

In 1912, House wrote a book, wherein he laid out a plan to bring America into a world government. ("Philip Dru: Administrator", by Col. Edward Mandell House, 1912; available at American Opinion Book Services, P.O. Box 8040 Appleton, Wis. 54913-8040). On page 222, he wrote: "...our Constitution and our laws ... are not only obsolete, but even grotesque."

His plan, and, to use his own words, "a conspiracy," would seek to achieve:

1. The establishment of a central bank;
2. A progressive graduated income tax; and;
3.Control of both political parties in the U.S.

What was House's goal? "Socialism as dreamed of by Karl Marx". House, who called himself the "unseen guardian angel" of the Federal Reserve Act, in concert with the Wall Street and European bankers, convinced President Wilson of the central bank concept.

Now we get into the banks, and to directly explain the crash of 1929....

The Federal Reserve Act was passed on Dec. 23, 1913 (by a vote of 298 to 60 in the House of Representatives, and 43 to 25 in the Senate). After the vote, Congressman Charles A. Lindberg, Sr. (father of the famous aviator) told Congress: "This act establishes the most gigantic trust on earth ... When the President signs this act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized ... The new law will create inflation whenever the trusts want inflation and deflation whenever the trusts want deflation..."


The Federal Reserve Board (FED) was then able to manipulate the money supply. In the six years prior to the 1929 Stock Market Crash, the FED increased (or inflated) the money supply 62%, inducing unwise investments and market speculation by the public. When everything was in place, the bankers, who had been financing market speculation, called in their "24 hr. broker call loans", precipitating the Crash. They were then in a position to loan the government billions of dollars to finance the nation out of the Depression.

Congressman Louis McFadden, Chairman of the House Banking Committee, (1920-1931) said this: "It (the Depression) was not accidental. The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all."

How powerful is the FED? Congressman Wright Patman, Chairman of House Banking committee (in the 60's) said: "in the U.S. today, we have in effect, two governments ... we have the duly constituted government ... then we have an independent, uncontrolled, and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to the Congress by the Constitution."

The FED has never been audited, and has resisted all attempts to do so. Lt. Col. Archibald Roberts (Director of Committee to Restore the Constitution) began a campaign on March 30, 1971, testifying before Wisconsin legislators about the fraud surrounding the FED. (The text of his address is in the Congressional Record, E3212-E3224, entered April 19, 1971). Roberts and other constitutional groups (including Washington state Senator Jack Metcalf) had, by the mid 80's, acquired about 20 states' support calling for audits/reforms, with no success.

Again, in the late 80's, Congressman Henry Gonzales (Texas) called for abolition of the Federal Open Market Committee and the repeal of the Federal Res. Act. (HR 1469, 1470).
Congressman Phil Crane (Illinois) also introduced HR 70, calling for an audit. ( Gonzales and Crane, also called for an audit/reforms under HR 28 and 145; Senator Byron Dorgan, (N. Dakota) called for a similar bill in the Senate, S212).


I hope that explains some more of this discussion in detail and clarifies some points. I always return to this quote for some bearing:

"Government does not create liberty; on the contrary, government is the one persisting danger of human liberty.... This role of government as the enemy of liberty was well understood by the Founding Fathers of the Republic. They wished government to have sufficient power to 'restrain men from injuring one another.' But beyond that, they tied it down securely with constitutional limitations, separation of powers, bills of rights, and other legal barriers and barbed wire entanglements." -- Clarence Manion