THE FEDERAL RESERVE! ITS ORIGINS, HISTORY, AND CURRENT STRATEGY
Few perceive the truth about the Federal Reserve. Rare are those who know its origins. It is right in front of us, but
our relative ignorance of economics and history is their protection. A quick history lesson is in order.
On October 14, 1066, AD., King William I (the Conqueror) founded the English monarchy. The Corporation was created by William
in 1067 AD. to facilitate trade, and assure the continuation of the wealth of the monarchy. The City of London's legal name
is The Corporation of the City of London. The City of London has unique political and economic privileges that do not apply
to Greater London, or anywhere else in the British realm. The "City" even has its own police force that is sovereign.
The Bank of England was granted a royal charter on July 27, 1694, by William III to regularize the monarchy's finances.
This scheme was invented by a Scot promoter named William Paterson. The scheme was to create a bank with a "fund for perpetual
interest". Fractional reserve banking was created, along with the radical monetary concept of a "monopoly" bank which would
create money for loans that would never be repaid. A perpetual money machine for the monarchy was born. The permanent National
Debt was born. The Bank of England would finance the emerging empire from its headquarters in the City of London. Never again
would the lack of money, or liquidity, hamper the British empire under normal economic conditions. Conveniently, the monarchy
also controls the City of London. This assures that the heart of the economic machine will always be protected.
The United States fought a hard and expensive war against England in 1776 to achieve sovereignty. That included the right
to have her own currency, control her own tax policies, and the avoidance of involvement in the affairs of other nations.
HistoryCentral.com > > War of 1812> United States Declares War on Great Britain
The United States declared
War on Great Britain on June 12, 1812. The war was declared as a result of long simmering disputes with Great Britian. The
central dispute surrounded the impressment of American soldiers by the British. The British had previously attacked the USS
Chesapeake and nearly caused a war two year earlier. In addition, disputes continued with Great Britain over the Northwest
Territories and the border with Canada. Finally, the attempts of Great Britain to impose a blockade on France during the Napoleonic
Wars was a constant source of conflict with the United States.
The US did everything in their power to remove British influence and control from this continent. Again and again we defeated
all attempts to allow our money to be controlled by a National (Central) bank. When Central banks were established, we abolished
them. Times changed, and Thomas Woodrow Wilson was elected. The intellectual who wanted the League of Nations (the progenitor
of the United Nations) was elected. Under his leadership, we received the Federal Reserve, and the Sixteenth Amendment (Income
Tax) shackling us into slavery to the British Crown forever. In 1917, Wilson made the world safe for democracy by plunging
the US into World War I
On December 23, 1913, the Federal Reserve Act, also known as the Glass-Owen Bill, was passed. The Republican controlled
Senate rammed the bill through when many members of the US Congress were home for the holiday. The President, Dr. Thomas Woodrow
Wilson, signed it into law one hour after being passed by the Congress! Somebody very powerful really wanted this law passed.
The Federal Reserve System is an independent central bank. Although the President of the United States appoints the chairman
of the Fed, and this appointment is approved by the United States Senate, the decisions of the Fed do not have to be ratified
by the President, or anyone else in the executive branch of the United States government. Buried in the legislation was the
granting of total power over the monetary policies of all US banks. A very curious statement is found in the original 1913
law. SEC. 30. The right to amend, alter, or repeal this Act is hereby expressly reserved. Reserved expressly to whom, or what?
No definition is provided. This is the entire Section 30 statement! "Curiouser and curiouser, cried Alice".
Stock not held by member banks shall not be entitled to voting power. This clause guarantees that no outsider can justify
buying shares in the Federal Reserve. "But wait! There's more!"
Sec. 341 Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by
an Act of Congress, or unless its franchise becomes forfeited by some violation of law. The Federal Reserve was only given
a corporate life of 20 years! Their time was up in 1933 Who was President at that time? Franklin. D. Roosevelt, of course.
Somehow, the Federal Reserve's termination did not occur. Reader, do I have your attention yet? My research failed to find
any reauthorization of the Federal Reserve Act of 1913, other than the tacit approval given by the Sarbanes-Oxley Act of 2002.
No Senator or Representative in Congress shall be a member of the Federal Reserve Board or an officer or a director of
a Federal reserve bank. No member of Congress is have access to the inner sanctum! Hello, what is this? Are they afraid that
an American might come upon something untoward? 12 USC 3019 Federal reserve banks, including the capital stock and surplus
therein, and the Income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real
estate. People, I think we are a roll now.
SEC. 25.Any national banking association possessing a capital and surplus of 1,000,000 dollars or more may file application
with the Federal Reserve Board, upon such conditions and under such regulations as may be prescribed by the said board, for
the purpose of securing authority to establish branches in foreign countries or dependencies of the United States for the
furtherance of the foreign commerce of the United States, and to act, if required to do so, as fiscal agents of the United
States. Such application shall specify, in addition to the name and capital of the banking association filing it, the place
or places where the banking operations proposed are to be carried on, and the amount of capital set aside for the conduct
of its foreign business. The Federal Reserve Board shall have power to approve or to reject such application if, in its judgment,
the amount of capital proposed to be set aside for the conduct of foreign business is inadequate, or if for other reasons
the granting of such application is deemed inexpedient. Wow, the US government has no formal control over the foreign operations
of the Federal reserve banks! The Federal reserve banks are exempt from all taxation. These people are very independent. Independent
of audits, independent of congressional supervision, and independent of the American voter.
The Federal Reserve claims that nobody owns it â€“ that it is an "independent entity within the government."
The Federal Reserve is subject to laws such as the Freedom of Information Act and the Privacy Act which cover Federal agencies
but not private corporations; yet Congress gave the Federal Reserve the autonomy to carry out its responsibilities insulated
from political pressure.
Each of the Fed's three parts â€“ the Board of Governors, the regional Reserve banks, and the Federal Open
Market Committee â€“ operates independently of the federal government to carry out the Fed's core responsibilities.
Once a member of the Board of Governors is appointed, he or she can be as independent as a U.S. Supreme Court judge, though
the term is shorter. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is
considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in
the executive or legislative branch of government, it does not receive funding appropriated by the Congress, and the terms
of the members of the Board of Governors span multiple presidential and congressional terms. (The Fed's financial independence
arises because it is hugely profitable due to its ownership of government bonds. (It gives the government billions of dollars
each year.) However, the Federal Reserve is subject to oversight by the Congress, which periodically reviews its activities
and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives
of economic and financial policy established by the government.
The only statements of ownership made by the Federal Reserve Board is an allusion to the twelve Federal district banks.
This circle puts us back at the beginning, for no information is provided regarding the ownership of the twelve Federal district
banks. However, a 1976 government study commissioned by the Federal Reserve Directors revealed the following:
OWNERSHIP OF THE FEDERAL RESERVE Most Americans, if they know anything at all about the Federal Reserve, believe it is
an agency of the United States Government. This article charts the true nature of the "National Bank." Chart 1 Source: **
Federal Reserve Directors: A Study of Corporate and Banking Influence ** - - Published 1976 Chart 1 reveals the linear connection
between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve
Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives
in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which
the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by
Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms
had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914.
In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused
those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the
House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve
Banks show this same family control.
George Bush presided over a minor change in the Federal Reserve Act. The Sarbanes-Oxley Act was passed in 2002. The American
Congress failed again to deal with the Federal Reserve. Bush managed to keep all discussion and changes confined to some reporting
requirements for financial institutions. Bush knows very well who he serves, and he really serves his master well. It's amazing
how few grasped the significance of Alan Greenspan being knighted by the Queen of England! Greenspan was knighted on September
26, 2002. An obvious reward for preventing any real discussion, or change, of the Federal Reserve during the Sarbanes-Oxley
Act debates. Had an American President been knighted, serious questions would have arisen. It was so each easier to reward
her manager, Alan! Do you still believe that Alan Greenspan has the power of Dearth Vader? He is only a little man, faithfully
serving his queen.
The British Crown, or the British monarchy is the owner of the Federal Reserve. This is their real secret. The strategy
of the Federal Reserve is their other secret. Again, it is right of front of us, but no one sees the obvious. The strategy
of the Federal Reserve is to accumulate all the wealth through the very slow, but effective, technique of currency debasement.
The monarchs of old used to shave or clip the coins as they passed through their treasuries. Now the process is more sanitary
(no more clipping and scraping all those dirty coins). John Maynard Keynes clearly stated that at there is no more effective
method of destroying a society than through currency debasement.
The primary reason for its success is the inability of most people to understand that more is not necessarily better. A
recent conversation highlighted Kenyes's observation. There is some agitation to raise the minimum wage in my state. I listened
to a proponent of a higher minimum wage. I attempted to point out that an increase in a large number of people's income would
only result in prices going up, along with the obvious tax increases. "What was I talking about?" was the response. I explained
that some percentage of people might wind up dealing with tax bracket creep (increases), and all will have with the obligatory
tax increases that follow from any price increase. If nothing else, the sales tax must go up because the prices have gone
up. I was immediately informed that I was the most negative person they had ever talked to.
The Federal Reserve will always debase the currency to take its cut, and guarantee that the government has a tax base available
to feed its bureaucratic family. The government is a total slave of the Federal Reserve. For example, analyze the latest real
estate boom. There will be a major boost in property taxes based on the new valuations. Many people will be surprised when
they receive their new tax bill. This will guarantee more money for the government coffers. They know that people will do
almost anything to keep their homes. What's another job or two per family? Besides, the extra job will provide more tax revenue
for the government. This will require more day care, or baby-sitting services for many families, which create more income
for the government. This will cause more meals to be eaten out, which creates more revenue for the government Meanwhile, prices
will continue to go up, which creates more sales tax revenue for the government. Are you getting the point yet? Deflation
is end of the government. The local, state, and federal government will all fail!
This is the strategy of the Federal Reserve. The majority of the people will always believe that more is better. Knowing
that, and now having a democracy ensconced in the US, it was time to feed and breed. Prices always go up, and everything is
"Wunnerful, Wunnerful" Bring on the Champagne Lady. Alan runs the bubble machine. The illusion of money has destroyed most
people since society (goverment) developed socialism. Democracy feeds on the illusion of something for nothing. As each demagogue
promises more than his competition, the tax burden becomes oppressive. The monetary illusion serves to conceal the costs through
currency debasement. This assures the complete destruction of the society that embraces this perversion. Any attempt to introduce
logic into a dialogue will be defeated by claiming you're an elitist devoid of compassion. Envy, hate, and manipulated passions
are the hallmark of democracies. While all this destruction is occurring, money diverted by the mechanism of currency debasement
is constantly being transferred to the British Crown in the City of London.
Any questions, gang?
Free Markets For Free Men
Wayne N. Krautkramer firstname.lastname@example.org
More commentary at http://onlypill.tripod.com/
The Corporation of the City of London: http://www.fact-index.com/c/ci/city_of_london.html
The Bank of England: http://www.fact-index.com/b/ba/bank_of_england.html#History
The Sixteenth Amendment: http://www.lovetolearnplace.com/SpecialDays/IncomeTax/
Federal Reserve Act of 1913: http://aor.cat4.net/federalreserveact1913/
Federal Reserve: 2002 Amendment: http://www.frbdiscountwindow.org/federalreserveact.html
Federal Reserve ownership: http://land.netonecom.net/tlp/ref/federal_reserve.shtml