The Federal Reserve Banking System

"Give me control of a nation's money and I care not who makes her laws."

Meyer Rothschild

Actual $100 United States Note bill - Notice the seal is RED instead of green as on the Federal Reserve Note.

For the last 98 years a private corporation has run the United States of America. Article I, Section 8, Clause 5, of the United States Constitution provides that Congress shall have the power to coin money and regulate the value thereof and of any foreign coins. But that is not the case. For nearly a century the United States government has had no power to issue money, control the flow of money, or to even distribute it. That belongs to a private corporation registered in the State of Delaware, the Federal Reserve Bank.

In 1836 President Andrew Jackson abolished the "Bank of the United States", America’s central bank and then eliminated the national debt without having to impose an income tax. In 1913 under pressure of blackmail, President Woodrow Wilson established the Federal Reserve System under the premise of "supplanting the dictatorship of the private banking institutions and to stabilize the inflexibility of national banknote supplies”. Representative Charles A. Lindberg, Sr., the father of the famous aviator, was a member of the Banking and Currency Committee. He opposed the Federal Reserve Act and gave a speech on January 20, 1915. "The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money, and in the interest of the stockholders and those allied with them." Unfortunately he was not listened to. With the creation of the Federal Reserve a new currency was issued, the Federal Reserve Note. Take out a one-dollar bill and read what is printed across the top. The Federal Reserve was to unite and supervise the entire banking system, control the expansion or contraction of currency, and regulate the flow of money to the commercial banks through the establishment of 12 Federal Reserve Banks. The Federal Reserve is controlled by private banking interest and by Presidential appointment - but it is still a private organization and not a government entity. In 1913, President Wilson's creation of the Federal Reserve System established a three-tier monetary system in the United States - the holders of money (public, government, business and institutions), the commercial banks that borrow from the public and issue loans; and the central bank or Federal Reserve that has a monopoly on the issuing of money. The Federal Reserve and not the government now controlled the monetary policy of the United States. This is in direct violation of the United States Constitution. On April 27, 1936 the United States Congress tried vainly to rest control of the monetary system back with bill HR92163. The preamble of this bill stated "The committee had under consideration the bill (HR 92163 to restore to Congress its constitutional power to issue money and regulate the value thereof; to provide monetary income to the people of the United States at a fixed and equitable purchasing power of the dollar, ample at all times to enable the people to buy wanted goods and services at full capacity of the industries and commercial facilities of the United States; to abolish the practice of creating bank deposits by private groups upon fractional reserves, and for other purposes.". Under pressure from the banking industry, the bill never became law. On June 4, 1963 John F. Kennedy issued Executive Order 11110. This order called for the issuance of a new currency, the "United States Note”. $4,292,893 of this new currency was actually placed into circulation. The new currency was to be distributed through the U.S. Treasury and not the Federal Reserve. President Kennedy dismissed the Federal Reserve System and ordered the U.S. government to restore its Constitutional mandate of controlling the money. Three weeks later, President Kennedy was assassinated. Lyndon Johnson’s first act upon taking over the office of President was to rescind executive order 11110, and all the new currency was taken out of circulation.

In 1957 Senator George Malone of Nevada, while speaking of the Federal Reserve, said, "I believe that if the people of this nation fully understood what Congress has done to them of the past 49 years, they would move on Washington (revolt), they would not wait for an election… It adds up to a preconceived plan to destroy the economic and social independence of the United States.” That was 45 years ago.

With the creation of the Federal Reserve Corporation, came income taxes. With income taxes came the Internal Revenue Service, which is also a private organization and has no organizational or legal ties to the U.S. Treasury or any other government organization. It is a private industry built for the collection of taxes to be paid to the Federal Reserve Corporation, NOT the federal government. This is to pay interest on money loaned to the government by the Federal Reserve.

More that half the shareholdings in the Federal Reserve Bank are controlled by large New York City banks, including National City Bank, National Bank of Commerce, First National Bank, Chase National Bank, and Marine National Bank. When Rockefeller's National City Bank merged with J.P. Morgan's First National Bank in 1955, the Rockefeller group owned 22 percent of the shares of the Federal Reserve Bank of New York, which in turn holds the majority of shares in the Federal Reserve System - 53 percent. But who really owns what? Here arc the top controllers of the Federal Reserve Bank

1. Rothchild banks of London and Berlin.

2. Lazard Brothers Banks of Paris.

3. Israel Moses Seif Banks of Italy.

4. Warburg Bank of Hamburg and Amsterdam.

5. Lehman Brothers Bank of New York.

6. Kuhn, Loeb bank of New York.

7. Chase Manhattan Bank of New York, which controls all of the other 11 Federal Reserve Banks.

8. Goldman, Sachs Bank of New York.

The Federal Reserve Bank has challenged this ownership combination, but a study of Standards and Poor will verify the ownerships. This means that the controlling interest of our national monetary system is foreign. In 1797, John Adams wrote to Thomas Jefferson, "All the perplexities, confusion and distress in America arise, not from defects of the Constitution or Confederation; not from any want of honor or virtue, as much as downright ignorance of the nature of coin, credit and circulation." In simple terms, the United States Government borrows money from the Federal Reserve Bank with interest. Let’s say that the Government wants $1 billion. The Federal Reserve prints $1 billion - based upon no hard asset and lends it to the Government at a high interest rate. The bank did not have the original money; it created it and made a bookkeeping entry. Like you writing yourself a check without funds and cashing it. The Federal Reserve controls the flow of money, making it tight and creating unemployment or printing more than actually exists and creates inflation. It is, in essence, a paper corporation, which controls the entire economic well being of the nation. The National Debt is based upon this money, borrowed from the Federal Reserve, which controlling interests are foreign investors. If the Federal Reserve disappeared today and the Federal Government issued it own money, these loans would go away along with their interest payments. When this happens the National Debt ceases to exist along with the need for income taxes.

In 1929 the dollar was based on gold, meaning for every dollar in circulation there was an equal amount in gold. The Federal Reserve Bank of New York exported over $111 million in gold to France and England. The other banks of the Federal Reserve followed suit. Once nearly all the gold was removed from US banks, it was decided to remove the US dollar from the gold standard and prohibit the ownership of gold in this country. As of 1993, the Federal Reserve Bank of New York had $128 billion of gold in its vaults, based on a price of $35 per ounce that the Federal Reserve has basically sold to itself through foreign interests under its control.

As long as the American public continues to use the Federal Reserve Note for buying and selling, instead of gold or silver coin, or currency backed by gold or silver; they are under the control of the Federal Reserve Corporation and it’s shareholders. No Congress or President has been strong enough to stand up to the foreign-controlled Federal Reserve Bank. Yet there is a catch, one that President Kennedy recognized before he was slain. The original deal in 1913 creating the Federal Reserve Bank had a simple back out clause. The investors loaned the United States Government $1 billion. And the back out clause allows the United States to buy out the system for that $1 billion. If the Federal Reserve Bank were bought out and dismantled; and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight, and the need for more taxes and even the income tax, itself. Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance 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 their property until their children will wake up homeless on the continent their fathers conquered." ©

Liberty Dollar

(today's alternative to the Federal Reserve Note)

FDR - THE THIEF OF AMERICA'S GOLD

Executive Order 11110

Notice the differences between the Federal Reserve Note and the United States Note.