THE FEDERAL RESERVE: THE GREATEST SCAM IN HISTORY?

The Federal Reserve was created in 1913-1914 in order to bring stability to the economy and yet almost every major crash, including the great depression, can be attributed to the Federal Reserve.

We are going to take a look at the history of the Fed and what prominent historical figures have said about the organization.

Firstly, from 1837-1862 there was a system of national banks in the USA but then in 1913-1914 a consortium of 12 privately held banks got together and formed the Federal Reserve Bank, an entity that is not part of the US government. These banks then purchased notes from the US Mint for printing costs and lent them out through member banks charging interest.

The Federal Reserve came into being after its supporters paid for the Presidential campaign of US President Woodrow Wilson. Wilson signed the bill that transferred the US currency to twelve regional private banks. President Wilson regretted his decision later saying:

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."

In 1933 President Roosevelt confiscated citizens gold and handed it to the Federal Reserve. At the very moment when Americans have needed to protect their wealth the most, the best store of wealth ever created, gold, was confiscated from American citizens and given to a un-elected conglomerate of private banks.

When the bill for the Federal Reserve was being considered, some brave politicians spoke out against its creation calling it "the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed" and Congressman Victor Murdock said, "I do not blind myself to the fact that this measure will not be effectual as a remedy for a great national evil - the concentrated control of credit."

It even appears that one of the most important and most respected figures in American history, Thomas Jefferson disagrees with the Federal Reserve saying,

"If the American people ever allow private banks to control the issue of their currency, first by inflation and 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."

Jefferson also said,

"I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies" "Paper is poverty… it is only the ghost of money, and not money itself."

The Federal Reserve made no secret about the scam they are running as the Boston section of the Federal Reserve Bank said:

"When you or I write a check there must be sufficient funds in our account to cover the cheque, but when the Federal Reserve writes a check there is no bank deposit on which that cheque is drawn. When the Federal Reserve writes a cheque, it is creating money."

Perhaps the Fed can create money, but we strongly believe that wealth cannot be created. Wealth is simply transferred, it is not created and we challenge anyone to prove otherwise. The only time wealth was created was when the world was created, with all its resources, true wealth. So why hasn't the Federal Reserve been disbanded?

Well as the Rothschild Brothers of London said in 1863;

"The few who understand the system, will either be so interested from it's profits or so dependant on it's favours, that there will be no opposition from that class."

The great Henry Ford once said

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

The problem is, very few people understand the system at all. It is not taught in schools and even some of the most prominent financial analysts and fund managers really have no idea how the system works. They tend to define inflation as rising prices when in fact inflation occurs because of the expansion of the money supply. Or even link inflation with the economy doing well, saying, "we should raise interest rates as the economy did extremely well this month and we don't want inflation getting out of hand", or words to that effect.

What all people, not just investors, need to understand is that paper money is worthless. Gold and precious metals are the real money, the real wealth that cannot be created like its paper ghost.

LINCOLN, KENNEDY, OBAMA and the FEDERAL RESERVE

Lincoln issued his famous greenbacks to fund the Civil War without enslaving the American people to the 30% interest demanded by the bankers. Lincoln refused to plunge the people of the nation into a debt they could never pay back, and issued his own currency instead. “... (we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts...”

The bankers understood the threat a government-issued currency represented to their wealth and power. The London Times wrote of Lincoln's move...

"If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That government must be destroyed, or it will destroy every monarchy on the globe."

Following this editorial, the governments of Europe, as much under the control of the banks as the present US Government, offered to support the Confederacy, but had to quit when Lincoln issued the Emancipation Proclamation, as their own people refused to support the side in the war that favored slavery. After the Union won the civil war and it was obvious that Lincoln would keep his greenbacks in circulation, he was assassinated. Popularized history portrays the assassination as the work of John Wilkes Booth who we are told thought the outcome of the war would be reversed by Lincoln's death (along with simply wishing to be more famous than his father Edwin Booth). But the historical truth is that 8 other conspirators were arrested and sentenced for the plot. Of the 8, one individual stands out. Samuel Arnold was convicted for being one of the core plotters, but was provided with a lawyer by no less a figure than Secretary of War Edwin Stanton, and then pardoned by President Andrew Johnson! Following Lincoln's death, Congress immediately repealed the Greenback law, celebrating the end of slavery by re-enslaving all America to the bankers!

Kennedy issued his US Notes for much the same reason. On June 4, 1963, Kennedy signed Executive Order 11110, which authorized the US Treasury to issue a new form of silver certificate.

Kennedy issued $4,292,893,825 of cash money; free of debt and free of interest. It was a sufficient amount to allow the nation to operate without the private Federal Reserve. Just 5 months later, JFK was shot by the "crazed lone nut" Lee Harvey Oswald. Almost immediately after Kennedy's death, the US Notes were pulled out of circulation and destroyed except for samples in the hands of collectors.

A telling clue lies in the fact that the Warren Commission, now widely understood to have been a cover-up, counted among its seven members John J. McCloy, who had served as head of the World Bank and President of Chase Manhattan Bank. A rather odd resume for a man charged with investigating a murder, in hindsight!

Subsequent examination has shown that Kennedy's Executive Order 11110 was never rescinded. That would have taken an act of Congress, and in the atmosphere of near deification of JFK following his death, that would have brought more public attention to what Kennedy had wanted to do. So, the E.O. still stands.

I have written this commentary for two purposes. First, to remind President Obama that he already has all the authority he needs to order the US Treasury to start issuing currency. He just needs to pick up the phone or stroll through that tunnel and tell them to carry out Kennedy's EO 11110. Obama has that authority. He does not need Congress or anyone else's permission.

My second purpose is to send a message to the Federal Reserve. and that message is that if Obama does start issuing currency in accord with the Constitution and Kennedy's EO 11110, and anything happens to him (or for that matter to Ellen Brown), the owners of the Federal Reserve will be our first and most likely suspects.

Michael Rivero
WhatReallyHappened.com

FEDERAL RESERVE IGNORES FREEDOM OF INFORMATION REQUEST

December 12, 2008

As Bloomberg.Com News reports today, the Federal Reserve has refused “to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.” On November 7, Bloomberg filed a Freedom of Information request to disclose the recipients of more than $2 trillion of “emergency loans” from U.S. taxpayers and the assets the central bank is accepting as collateral, but the private banker syndicate has told Congress and the American people to go fish.

Bloomberg notes that the Freedom of Information Act requires federal agencies to make government documents available to the press and the public. However, the Fed is not a federal agency, it is a cartel of private bankers. It is a consortium of twelve private banks which are not part of the United States government and does not answer to it. The Fed controls our monetary system and acts at the behest of large national and international private banks. 100% of its shareholders are private banks and none of its stock is owned by the government.

Expecting a cartel of private bankers to respond to a FOIA is to say the least an exercise in futility.

Perpetuating the scam and the illusion, the Fed tells us they are subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. “As we know from watching the business news, ‘oversight’ basically means that Congress gets to see the results when it’s over,” writes Ellen Brown. “The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells.”

In response to the Bloomberg FOIA, the Fed said it is “allowed to withhold internal memos as well as information about trade secrets and commercial information,” in other words it does not owe the American people the transparency it initially promised before the purse strings were loosened. Fed mob boss Ben Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency.

Recall Nancy Pelosi declaring a congressional version of martial law in order to get the banker giveaway bill passed, as revealed by Rep. Michael Burgess on the floor of the House. Rep. Brad Sherman repeated Burgess’ claims. “Many of us were told in private conversations, that if we didn’t pass this bill on Monday, the sky would fall, the market would drop two or three thousand points, another couple thousand the second day, and a few members were even told that there would be Martial Law in America if we voted no.”

“We just witnessed a full week of Wall Street experts on television threatening the American people, and President Bush threatening Congress, claiming that ‘to do nothing’ will result in a economic crisis — possibly a depression,” Patrick Henningsen wrote on October 3. “So constituents called their Congressional representatives telling them to ‘do something’. No one is entirely sure what that something should be, so most Congressmen and women guessed that ‘something’ must be a $700 Billion ‘get-out-of-jail card’ for the bankers.”

As it now stands, that paltry $700 billion figure has ballooned to an astounding $8.5 trillion, a figure that represents almost 60 percent of the nation’s estimated gross domestic product. As the San Francisco Chronicle admitted, the “final cost won’t be known for many years.” Most of the money, about $5.5 trillion, will be printed by the Fed crime syndicate on its fantasy printing presses and loaned to the government. Our children, grand children, and great-great grand children will be on the hook to pay off this stellar debt — currently 10 trillion dollars, projected to go to 11 trillion or more in two years — for decades to come. It’s a dream come true for the international bankers.

“There has to be something they can tell the public because we have a right to know what they are doing,” Lucy Dalglish, executive director of the Arlington, Virginia-based Reporters Committee for Freedom of the Press, told Bloomberg. “It would really be a shame if we have to find this out 10 years from now after some really nasty class-action suit and our financial system has completely collapsed.” In fact, the banker debt scam is already crashing the economy, as planned.

“The fall of the US economy will have a domino effect and bring about a worldwide depression that will further depress the US economy and bring a full fledged inflationary depression worse than the great depression of the 1930’s. When this happens most companies will go bankrupt and will be nationalized,” notes Don Koenig. “When the US economy goes down it will take the world economy with it. This economic collapse will cause great civil unrest all over the world, cities will be filled with riots and later with troops.”

It’s the final stage of the bankster take-over, the last chapter of a plan to turn the world into a hellish corporatized slave gulag based on the China model. It really is naive to believe the Fed will respond to a mere FIOA request and reveal the details of its plan to crash the global economy. Bloomberg’s lawsuit against the Fed is commendable, however it is predicated on a false and dangerous assumption: that the Fed is a government institution answerable to Congress and the American people. It is not, although the illusion is alive and well.