Secrets Of The Federal Reserve
Etznab
to research.
http://www.federal-reserve.net/secrets.htm
Some quotes [the brackets are mine]:
"American history in the twentieth century has
recorded the amazing achievements of the Federal
Reserve bankers. First, the outbreak of World War I,
which was made possible by the funds available from
the new central bank of the United States. Second,
the Agricultural Depression of 1920. Third, the Black
Friday Crash on Wall Street of October, 1929 and the
ensuing Great Depression. Fourth, World War II. Fifth,
the conversion of the assets of the United States and
its citizens from real property to paper assets from
1945 to the present, transforming a victorious America
and foremost world power in 1945 to the world's largest
debtor nation in 1990. Today, this nation lies in econ-
omic ruins, devastated and destitute, in much the
same dire straits in which Germany and Japan found
themselves in 1945. Will Americans act to rebuild our
nation, as Germany and Japan have done when they
faced the identical conditions which we now face--or
will we continue to be enslaved by the Babylonian
debt money system which was set up by the Federal
Reserve Act in 1913 to complete our total destruction?
This is the only question which we have to answer, and
we do not have much time left to answer it."
[Following is the part about "the train" that I mentioned
on the other thread (U.S. Federal Reserve). At the link,
it can be found in the section Chapter One, Jekyll Island]
"On the night of November 22, 1910, a group of news-
paper reporters stood disconsolately in the railway
station at Hoboken, New Jersey. They had just watched
a delegation of the nation's leading financiers leave the
station on a secret mission. It would be years before
they discovered what that mission was, and even then
they would not understand that the history of the United
States underwent a drastic change after that night in
Hoboken. [....]
"The Jekyll Island Club was chosen as the place to draft
the plan for control of the money and credit of the people
of the United States, not only because of its isolation,
but also because it was the private preserve of the people
who were drafting the plan. The New York Times later noted,
on May 3, 1931, in commenting on the death of George F.
Baker, one of J.P. Morgan's closest associates, that
"Jekyll Island Club has lost one of its most distinguished members.
One-sixth of the total wealth of the world was represented by the
members of the Jekyll Island Club." Membership was by inheritance
only. [....]
"In fact, no benefaction took place at Jekyll Island. The
Aldrich group journeyed there in private to write the
banking and currency legislation which the National
Monetary Commission had been ordered to prepare in
public. At stake was the future control of the money and
credit of the United States. If any genuine monetary reform
had been prepared and presented to Congress, it would
have ended the power of the elitist one world money
creators. Jekyll Island ensured that a central bank would
be established in the United States which would give
these bankers everything they had always wanted.
[....]
"The main problem, as Paul Warburg informed his
colleagues, was to avoid the name "Central Bank". For
that reason, he had decided upon the designation of
"Federal Reserve System". This would deceive the
people into thinking it was not a central bank. However,
the Jekyll Island plan would be a central bank plan, ful-
filling the main functions of a central bank; it would be
owned by private individuals who would profit from owner-
ship of shares. As a bank of issue, it would control the
nation's money and credit. [....]
"Federal Reserve proposal was unconstitutional from its
inception, because the Federal Reserve System was to
be a bank of issue. Article 1, Sec. 8, Par. 5 of the Con-
stitution expressly charges Congress with "the power to
coin money and regulate the value thereof.". Warburg's
plan would deprive Congress of its sovereignty, and the
systems of checks and balances of power set up by
Thomas Jefferson in the Constitution would now be
destroyed. Administrators of the proposed system would
control the nation's money and credit, and would them-
selves be approved by the executive department of the government. The
judicial department (the Supreme Court,
etc.) was already virtually controlled by the executive
department through presidential appointment to the
bench. [....]
"On page 60, Warburg writes, "The results of the con-
ference were entirely confidential. Even the fact there
had been a meeting was not permitted to become public."
He adds in a footnote, "Though eighteen [sic] years have
since gone by, I do not feel free to give a description of
this most interesting conference concerning which
Senator Aldrich pledged all participants to secrecy."
"B.C. Forbes' revelation8 of the secret expedition to
Jekyll Island, had had surprisingly little impact. It did
not appear in print until two years after the Federal
Reserve Act had been passed by Congress, hence it
was never read during the period when it could have
had an effect, that is, during the Congressional debate
on the bill. Forbes' story was also dismissed, by those
"in the know," as preposterous, and a mere invention. Stephenson
mentions this on page 484 of his book
about Aldrich.9 [....]
"Now that the public debt of the United States has
passed a trillion dollars, we may indeed admit "how
great is the indebtedness of the United States to
Mr. Warburg." At the time he wrote the Federal
Reserve Act, the public debt was almost nonexistent.
[....]"
*********
Near the bottom of the page are some interesting
questions and answers. Example:
Q: Can I buy this stock?
A: No. The Federal Reserve Act stipulates that the
stock of the Federal Reserve Banks cannot be bought
or sold on any stock exchange. It is passed on by
inheritance as the fortune of the "big rich". Almost half
of the owners of Federal Reserve Bank stock are not
Americans.
Q: Is the Internal Revenue Service a governmental
agency?
A: Although listed as part of the Treasury Department,
the IRS is actually a private collection agency for the
Federal Reserve System. It originated as the Black
Hand in mediaeval Italy, collectors of debt by force
and extortion for the ruling Italian mob families. All
personal income taxes collected by the IRS are re-
quired by law to be deposited in the nearest Federal
Reserve Bank, under Sec. 15 of the Federal Reserve
Act, "The moneys held in the general fund of the
Treasury may be ....deposited in Federal reserve
banks, which banks, when required by the Secretary
of the Treasury, shall act as fiscal agents of the
United States."
Q: Does the Federal Reserve Board control the
daily price and quantity of money?
A: The Federal Reserve Board of Governors, meeting
in private as the Federal Open Market Committee with
presidents of the Federal Reserve Banks, controls all
economic activity throughout the United States by
issuing orders to buy government bonds on the open
market, creating money out of nothing and causing
inflationary pressure, or, conversely, by selling govern-
ment bonds on the open market and extinguishing debt,
creating deflationary pressure and causing the stock
market to drop.
Q: Can Congress abolish the Federal Reserve System?
A: The last provision of the Federal Reserve Act of 1913,
Sec. 30, states, "The right to amend, alter or repeal this
Act is expressly reserved." This language means that
Congress can at any time move to abolish the Federal
Reserve System, or buy back the stock and make it
part of the Treasury Department, or to altar the System
as it sees fit. It has never done so.
*********
Well, at lest the system CAN be altered. By the
Congress at least which, in turn. CAN be altered by
the people.
Misc. Link:
http://www.yale.edu/lawweb/avalon/declare.htm
Etznab