The Fed: The Naked Truth About the Dollar

The Federal Reserve: The Naked Truth About the Dollar

“If the American people ever allow the banks to control the issuance of their currency…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.”                     -Thomas Jefferson

By Janica Janson and J. Rick Normand

The American Dream is quickly turning into a nightmare that seems to have no ending. Everyone is looking for answers. How could this have happened? Who’s behind the collapse of our economy? Could this economic crisis been prevented? Unfortunately, the mainstream mass media, today’s yellow journalists and others are either pretending not to know, did no real investigating or are forbidden to tell the truth. All this Constant Negative News they are giving us, only fuels the wildfires of fear into the hearts of Americans everywhere.  What is at the heart of this cruel joke? Are you ready for the Truth?

Our Founding Fathers’ Warnings

The source of our current day economic fiasco actually began when we stopped listening to our Founding Fathers. They warned us about the central banks and turning our monetary power over to a private party. At first, the Colonists printed their own money. They were thriving as Benjamin Franklin explained, “ In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one.” England wasn’t happy about that.  So they passed the Currency Act of 1764, which forbid the Colonists to print money. This made them pay interest on England’s paper money. Benjamin Franklin protested vehemently saying, “The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of money manipulators was probably the prime cause of the Revolution.” Benjamin Franklin further claimed the interest-bearing notes caused their economic depression and mass unemployment. Sound familiar?

Thomas Jefferson was also very opposed to having a central bank and it became a major debate with Alexander Hamilton.  Jefferson was wise to the potential corruption of the European centralized banking system. In 1802, Jefferson wrote to the Secretary of Treasury, “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”

The Federal Reserve Act

Unbelievably in 1913, the U.S. Government gave up its power to print money when the Federal Reserve Act was slipped through Congress. President Woodrow Wilson signed it on December 23, while most members were on holiday. The Federal Reserve Act was well planned by a few elitists, whose families are still in control today.  Their sinister plan began In 1910, when Nelson Aldrich and other executives like, Frank Vanderlip and bank owners such as: J.P. Morgan, Rockefeller and Kuhn, Loeb & Co. conspired to create the Reserve Act on Jekyll Island in Georgia.

Later, Frank Vanderlip openly confessed to this conspiracy in his 1935 autobiography, From Farmboy to Financier,” I was as furtive as any conspirator. Discovery, we knew simply must not happen, or else all our time and effort would have been wasted. If it were to be exposed that our particular group had got together and written a banking bill, that bill would have no chance whatever of passage by congress. I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

This fiendish entity was given life when Republican Senator Aldrich sought to pass the Aldrich Plan. Most Democrats were strongly against any centralized bank reserve system. They clearly saw the dangers of a Central Bank.  A Central Bank could control the entire country by being in charge of the U.S. monetary system. Eventually the Aldrich Plan was renamed as the Federal Reserve Act.

Lindberg’s Warning

Charles Lindberg Sr. argued the day before the bill passed warned… “This is the Aldrich Bill in disguise. The worst legislative crime of the ages is perpetuated by this banking bill. The banks have been granted special privilege of distributing the money, and they charge as much as they wish. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. The system is private. There should be no legal tender other than that issued by the government. The people are the government.”

But as mentioned earlier, the banksters behind the Federal Reserve Act won. It is important to know that the Federal Reserve is not a government agency any more than Federal Express (FED EX). Both are private corporations.  As a corporation, its goal is to make sure the member banks receive profits, regardless of the effect on the U.S. economy or average citizen. The Federal Reserve purported to solidify our monetary system and avoid economic panics.  Huh?  In our present crisis, many financial analysts and experts are screaming that the Federal Reserve’s actions are not only causing planned–panics but inflaming them!

America’s Biggest Sham

Critics today see that the warnings of our Founding Fathers went unheeded. Matthew Collins, A-Letter Editor writes for the sovereignsociety.com, “By far one of the biggest shams ever foisted on the American public, the Fed is nothing more than the creation of “member” banks. Purportedly to achieve the goals outlined in their charter; their only real purpose is to grow their member banks balance sheets. Of course, they’ll never tell you that…instead you get Federal Reserve double-speak and the ex-CEO of Goldman Sachs in charge of our economic well-being (which he assumes to entail making charitable donations to his alma mater).

“But with all of America clutching our pocketbooks in panic,” Collins continues, “it seems that we’ve forgotten to ask the important questions. Like ‘Do they have any right to be doing this?’ ‘Is this what they’re supposed to be doing?’ and my personal favorite, ‘Is the Fed simply cleaning up a mess that they were responsible for in the first place?’ ”

History Repeats Itself

History repeats itself as Collins notes, “Andrew Jackson was certainly a crazy old man, and by today’s standards he’d fall somewhere between ‘geezer’ and ‘curmudgeon,’ but it turns out that many of his world views were right on target. In addition to defusing America’s first attempted presidential assassination by bludgeoning the would-be assassin halfway to death with his walking stick, Jackson abolished the country’s second central bank. This Federal Reserve is America’s third go at a centralized banking system. And yes, the first two were indeed miserable failures. In reference to the second central bank, Jackson once said: “The bold effort the present bank had made to control the Government, the distress it had wantonly produced … are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it.”

The Dollar = Debt

The United States now borrows what should be their own money plus interest from a private corporation, the Federal Reserve.  As a result, every dollar is actually a debt to the Federal Reserve. The Federal Reserve alone can determine the amount of currency in circulation and its value. The US government is not allowed to question or be privy to any of the fed’s actions, meetings or decisions. The Fed (also a very deceptive nickname of the Federal Reserve) is in total control of our economy. This means that a select group of private banksters hold the US Government and its people economically hostage.  All their actions and meetings are held in secret. They don’t release their minutes until 5 years after their meeting! How could things be so crazy?  How is it that we are paying interest to a private corporation to print our own money?

Even the late Republican Senator Barry Goldwater spoke against the Federal Reserve, “Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.”

Matt Collins further asserts, “Through a shady relationship with our Treasury, a cartel of banks (think drug cartel…essentially the same thing) has direct access to the printing presses that make our dollars, and therefore they have direct access to America’s wallet.”

“This is not one of those myths or misconceptions,” says Collins, “This is fact, as verified by the court case Lewis vs. United States 68F.2d 1239 (9th cir. 1982), wherein the judgment clearly stated, “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region,” (verbatim). The same case went on to say that “the fact that the Federal Reserve Board regulates the reserve banks does not make them federal agencies…”

It’s mindboggling that the name Federal Reserve has been purposefully misleading not only for the public but for the government as well.  Most U.S. citizens and government workers themselves are not aware that the Federal Reserve is not a government agency.  The United States Government does not own any stock; have any form of ownership or power over the Federal Reserve. The Federal Reserve is owned by member banks, which are private corporations.  It’s assets lie in itself and by the power of Congress to tax the people. Some people think the Federal Reserve Banks are the United States government’s institutions.

“They are not government institutions. They are private credit monopolies, which prey upon the people of the United States for the benefit of themselves and their foreign swindlers,” Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

Out of Thin Air

Our Founding Fathers must be rolling over in their graves. Isn’t this why we had the Revolution? “One key attribute that gives money value is scarcity,” Ron Paul asserts. “If something that is used as money becomes too plentiful, it loses value. That is how inflation and hyper-inflation happens. Giving a central bank the power to create fiat money out of thin air creates the tremendous risk of eventual hyper-inflation. Most of the Founding Fathers did not want a central bank. Having just experienced the hyper-inflation of the Continental dollar, they understood the power and the temptations inherent in that type of system. It gives one entity far too much power to control and destabilize the economy.”

Ron Paul says there is a solution, “Congress should reject the central bank as a failure for its manipulations of money that have brought our economy to its knees. I am hoping that in the 111th Congress, my legislation to abolish the Federal Reserve System gains traction so that the central bank can no longer destroy our money.”

Taking Our Freedom Back

It’s time we realize the Federal Reserve Note needs to be replaced by us…the U.S. Citizens’ dollar. It must be a currency that the citizens themselves issue, not a shadowy, private central bank. The new currency must be one based on a solid commodity like gold, silver or barter of services, goods and ideas.  Most importantly it must never again be a note of debt to a private corporation or to a collective dictatorship government as we have today.

We need to enact a Competitive Currency Act that would decentralize the monetary power to states and local communities, because with absolute power comes absolute corruption.

Retired Professor of Finance at the University of Buffalo, Michael S. Rozeff, writes for www.LewRockwell.com, “We need to entertain concepts that seem radical today but were not radical to those who fought for and articulated the ideals of American independence. Better to consider these matters now than when the system is collapsing around our ears.”

“Yet the alarm bell needs now more than ever to be rung loudly and vigorously,” writes Rozeff,  “for the most recent enlargement is coming in the area of financial control over the banking system and thus the economy. What is left of liberty in America faces an extremely dangerous threat. It is all the more serious because it is not widely recognized as a threat.” Rozeff continues, “The public needs to understand what its rights are and that they are being immensely abridged by government. It needs to know that restoration and augmentation of these rights is the only proper course to take and the only course that promises a lasting and bountiful prosperity.”

“What needs to be done?” asks Professor Rozeff, “The main thing is to end the reign of forced currency such as the Fed’s. This will ensure that inflation and deflation cannot ever occur because these are both results of a forced currency. With competition in money, any issuer that issues too much currency will suffer a loss in value of the currency. That will, however, be a local matter and no affect the entire economy as a forced currency does.”

“There are, of course, ignorant economists, who think that without government intervention, the economic and financial system cannot survive and we will all be wandering around in bearskins with spears. However, if the financial and economic system were to collapse and if the government and fed did not interfere,” Rozeff concludes, “A free market revival would occur with amazing rapidity.”

The twisted minds of these Banksters always seem to solve the economic problems they so wickedly craft, but only for their specific needs.  Their ultimate goal is to produce a One-world currency, a One World Government and a New World Order, but with a hidden agenda.  According to Zeitgeist, The Movie & Addendum.  It’s not one world peace they want; it’s about controlling the whole piece.   It’s time to get back our freedom and in control of our own economy. Time is running out. We can’t be like the complacent upper-middle-class Germans, who never saw it coming. Don’t let it happen to us. If the “Fed” can create digital money out of thin air, we certainly can delete their currency and create our own with a click of a mouse. Imagine That!