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FEDRES.TXT
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1992-02-19
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TAXES AND THE FEDERAL RESERVE
How would you like to own a business where no one in
government knew who you are . . . where the IRS never
questioned you and only the lowest of lower minor bureau-
crats has his hand in your pocket . . . for real estate
taxes only . . . and no one in government dared to approach
or reproach you ? . . . You are indeed the king of the
mountain and the ignorant American citizens are paying you
over 17 1/2 million dollars PER HOUR OF EVERY DAY! NO taxes
. . no control . . . how sweet. This is not science fiction
nor a story about fairies or leprechauns . . . there is such
an outfit in our country that pays no taxes except real
estate taxes.
If they pay no federal income, state income or other
taxes, guess who has to make up the difference? That's
right . . . you and I are the jerks who pay the 17 mil per
hour and make up their share of taxes. Who is this evader
of taxes? The Federal Reserve System!
But you say they're part of the Federal Government--
at least under some government control. WRONG! This is
what they want you to believe but it's a fairy tale! The
Fed is NOT an agency of the federal government and neither
does any division of government control their actions or
policies. It has the same relationship to the federal
government as the Federal Express or your local Federal Meat
Market. NONE. It is a privately owned banking system.
The Federal Reserve is a central bank, similar to
central banks around the world. These include the Bank of
England, the Bank of France, the Bundesbank of Germany and
Banco de Mexico. No government in the world controls a
central bank; the opposite is true. These banks tell people
and governments where to go . . what to do and they answer
to no one!
Banks conjure images of vaults overflowing with stacks
of money. What is money? ". . . (a) Standard pieces of
gold, silver, copper, nickel, etc., stamped by government
authority and used as a medium of exchange and measure of
value; coin or coins; also called hard money. (b) any paper
note issued by a government or an authorized bank and used
in the same way; bank notes; bills; also called paper
money." (Webster's New Twentieth Century Dictionary).
Random House dictionary defines a note as "any of
various types of instruments covering debts, as a promissory
note." Now take a fast look at the dollar bill in your
pocket. It tells you it's a 'Federal Reserve Note'! It's
an instrument covering debt, created out of thin air, only a
credit entry on bank books. This secret outfit controls our
money and tells us what it's worth.
Is that legal? Let's find out. What does our
Constitution have to say about money? First, Congress has
the authority to "borrow money on the credit of the United
States." This corrects a defect in the original Articles of
Confederation. Today, we see the result of unrestrained use
of this power when Congress proposes raising the debt
ceiling.
Next we find "Congress shall have the Power . . . To
coin Money, regulate the Value thereof, and of foreign Coin
. ."
Not one word in our Constitution allows our money to be
a piece of paper with numbers printed on it. To coin money
does not mean to print money.
The colonists had over one hundred years experience
with paper money. They were known as Bills of Credit back
then. Bad money experiences left a nasty taste in the
mouths of most at the Constitutional Convention in Philadel-
phia. Their plan was to stop the use of paper money. They
added a monetary constraint to the document which prohibits
any state from 'making any Thing but gold and silver Coin a
Tender in the Payment of Debts'. This requirement slapped
the responsibility right on the states to keep our money
honest. We have a constitutional right to real money.
Debasement of our money is so complete that we now have
ersatz pennies and coated copper coins replace our silver
coins. This is a travesty!
Paper money is a good deal for government. A worthless
piece of paper with a number printed on it tells us it's
worth ten dollars, one hundred dollars . . . or one thousand
dollars.
In the upper left corner of that paper dollar in your
pocket is the statement, "This note is legal tender for all
debts, public and private". That's a cockeyed lie! Gold
and silver coin are the ONLY legal tender allowed by the
Constitution.
The Coinage Act of 1792 defined our money and specifies
our coins are to be of gold and silver. This is still a
valid act of the Congress . . . Congress has never repealed
it.
Congress is ordered to regulate the value of foreign
coin. Yet today we have foreign exchange markets where the
value of our dollar floats in relationship to foreign
currency. This is so unconstitutional as to border on the
edge of criminal.
How did we get into this situation concerning our
money? Let's unravel a web of intrigue and deceit. Central
banks were common in Europe before World War I and they
decided to set up the same system in the United States.
Earlier in our history, we had two central banks. Fortu-
nately, at those times, we had Presidents who valued and
respected their oath to preserve the Constitution. Our
government did not renew these bank charters and they died a
quiet death. However, there is no charter requiring renewal
under the Federal Reserve Act. They have a perpetual
license to steal.
The late eighteen and early nineteen hundreds saw a
major campaign by international bankers to get a new central
bank established in this country. The first character we
find in this story is Paul Moritz Warburg from Hamburg,
Germany. He represented a large European banking family,
the Rothschilds. These are the people who once said,
"Permit me to issue and control the money of a nation, and I
care not who makes the laws!"
The Rothschilds bankrolled Warburg in 1902. His
mission? To convince major bankers and industrialists that
a private central bank was the answer to America's economic
ills. In addition to whatever money Warburg needed to buy
into New York money houses, they paid him half a million a
year . . . a tidy sum even today. Rothschild knew what
fabulous profits there would be after they set up the
private bank. And they were right . . . 17 million bucks
per hour ain't shabby.
Warburg spent eight years around the country preaching
his false economics. There were many conspirators in this
goal to control the United States' economy. One greedy and
powerful character was US Senator Nelson Aldrich. (Yes,
Nelson Rockefeller's grandfather.) Congress often denounced
Aldrich for the disregard of his oath of office as he
devoted his power and energies to the program of inter-
national finance.
Strange happenings began the night of November 22, 1910
when reporters received a tip that some very important
people from New York city would be arriving at the train
station in Hoboken, New Jersey. Along with Warburg and
Aldrich, reporters identified the biggest names in banking
and industry and included many government officials. These
men controlled the oil, railroads, communications and heavy
industry in this country.
Not one man would talk to reporters. They all dis-
appeared into the last car on the train, a private car owned
by Aldrich. Drawing all shades, they left reporters
scratching their heads on the reason for these movers and
shakers being there. There wasn't a hint on the destination
of the train or reasons for the secrecy.
Thirty years later, some details of that trip emerged.
Jekyll Island, off the coast of Georgia, was where these big
shots travelled and came up with the bill creating the pri-
vately owned bank for United States. True to Rothschilds,
they knew once they had control of our money, it wouldn't
make any difference who makes the laws.
Deception was immediate. The conspirators knew that
the representatives from Southern and Western states would
never agree to any bill suggesting a central bank or control
by Wall Street money. The first try to get the private bank
bill through Congress was called the Aldrich Plan. People
fought back and in 1911, they defeated the bill.
This kind of greed doesn't die. It was only a minor
set back. Their final triumph occurred in 1913. Warburg
insisted the bill go back into Congress as the Federal
Reserve Act to hide that it was the same bill defeated
earlier.
The lackeys pushed the bill through Congress on
December 22, 1913 after most members had gone home for the
Christmas holidays. President Woodrow Wilson signed it into
law the very next day. America's independence disappeared.
The preamble to the Federal Reserve Act tells us the
purposes of the Act are "to provide for the establishment of
Federal Reserve Banks, to furnish an elastic currency, to
afford a means of rediscounting commercial paper, to
establish a more effective supervision of banking in the
United States, and for other purposes."
'Elastic currency'? That's the same as rubber money.
Rediscounting is a system where member banks borrow credit
from the central bank. This allows fluctuations in the
discount rate and enables the Fed to control the money
supply of the nation. Rediscounting influences the total
outstanding credit on commercial paper and government bonds.
In this way, the central reserve bank can expand or contract
the money supply at will. They can now manufacture boom
times or depressions whenever it strikes their fancy.
And with all the bank and Savings and Loan closures,
it's clear they were effective in their duty to exercise
supervision of banking in the United States. Or . . . was
that planned?
'And for other purposes' -- what does that mean? Is
that the all encompassing clause which removes all restric-
tions? Warburg and his lackeys knew exactly what they were
doing.
The Act gave authority (?) for a private banking system
to create 'money' out of thin air. We find proof of this
from hearings before the House Committee on Banking and
Currency, September 30, 1941. Representative Wright Patman
of Texas asked Federal Reserve Governor Marriner Eccles:
"How did you get the money to buy those two billion dollars
worth of Government securities in 1933?"
Eccles replied: "We created it."
Patman asks: "Out of what?"
Eccles: "Out of the right to issue credit money."
Patman: "And there is nothing behind it, is there,
except our Government's credit?"
Eccles: "That is what our money system is. If there
were no debts in our money system, there wouldn't be any
money."
See now why your dollar bill is called a note?
This interview is from the Congressional Record and is
also in an exceptional book by Eustace Mullins, called The
Federal Reserve Conspiracy, (Omni Publications, Hawthorne,
CA., 1971).
The money we use today has its basis in debt, not
wealth. This funny money, contrived by a private banking
cartel for their profit, now controls our economy. And,
speaking of profit, our government does NOT know who owns
The Federal Reserve system or whether they are even American
citizens for that matter. How does that grab you?
Let's check interest payments again. They demand
payment in full and on time every year. Breaking down the
$17.6 million per hour means we shell out over $226,000
every time your heart beats. Over a quarter of a million of
our bucks!
One requirement of the Federal Reserve Act orders the
system to have an annual public audit. The Fed has NEVER
had a public audit. When questioned about this, the Fed
answers that they are continually audited . . . BY THEM-
SELVES! They do not address the word 'public'. It's like
having the fox count the hens in the chicken house.
When someone questions their legality, the Fed responds
with, "Would you rather have the control of money in the
hands of politicians and politics?" Politicians are, at
least in theory, responsible to the people. But what's more
important, the Constitution orders Congress [politicians] to
control the value of our money! Honest money is a guaran-
tee. There is not one instance in history to show that
politicians have ever destroyed the value of money . . .
it's only been done by international bankers.
We read that Congress shall coin money and regulate its
value. Whenever you see the words 'Congress shall', it's a
COMMAND! There is NO option or permission in our Constitu-
tion to delegate congressional duties to another govern-
mental body, and certainly not to a private cartel.
If this isn't clear thus far, let's take a quick look
at the Tenth Amendment . . THE POWERS NOT DELEGATED TO THE
UNITED STATES BY THE CONSTITUTION, NOR PROHIBITED BY IT TO
THE STATES, ARE RESERVED TO THE STATES RESPECTIVELY OR TO
THE PEOPLE. If we didn't precisely grant the power, they
don't have it.
Our Constitution gives NO authority for the Federal
Reserve system. Neither is there any permission for our
government to be in any type of banking business. (FDIC,
FSLIC, IMF, World Bank, etc, etc.) Congress is breaking the
law . . . and their oath to support our Constitution. As a
result, they saddle us with debt which they call money.
This control of Americans is so thorough, it effects even
the little kid with pennies in a piggy bank.
Write a letter to any Fed Reserve bank and ask a
question about money. The question is unimportant, but pay
attention to the return envelope. It will bear a stamp.
All government mail has a Roman styled eagle printed in the
upper right corner. If the Fed was a government entity, it
would also use a franked envelope!
To show that no one in our government has any say-so in
the activities of the Fed, an under-secretary of the
Treasury appeared on PBS. He said the government would like
to see the Federal Reserve increase the money supply to
allow for a more moderate growth. More wishful thinking is
for the Fed to lower the discount rate . . . the rate they
charge member banks when they borrow money. What drivel!
They have just been forced to lower the discount rate.
It has to be that the economy has gone much more sour than
even the Fed expected. Strange, isn't it? The condition of
the economy is all a result of previous actions by the Fed!
There are a lot of theories out there . . . please make up
your own mind as events unfold.
This brings up another point Americans should question
... ownership of gold by the Federal government. Our gold
is supposedly at Ft. Knox, Kentucky safely stored under-
ground. But, is it? No one really knows and congressmen
have been unable to get into the vaults to be sure of its
existence. Why is it that we've heard nothing about this
alleged storage lately?
These are public monies entrusted to the government.
Just where is our gold? If it's not at Ft. Knox, what
happened to it? Is it possible it's already in a secret
vault under the Seine River in Paris? Letters to the
Secretary of the Treasury and members of Congress might just
revive interest on this crucial issue. Answers should be
very interesting.
Is it also possible that our gold is no longer at Ft.
Knox because of shady manipulations involving the Federal
Reserve System? International bankers have been moving our
gold out of the country for over 100 years. What went wrong
is clear. Our money problems are all a result of a law
which Congress had no power to enact which permits this
financial fiasco.
Question your Senators and Representatives about this
violation of constitutional powers. The only way our
government can make ANY change in the basic operation is
with our consent through the amendment process! We have to
demand that Congress take away the power to create 'money'
from a private bank and fulfill their constitutional duty to
issue honest money.
If Congress refuses to perform its duty, we should
throw them all out of office and elect honest people to the
positions.
Your taxes have gone wild ONLY because of unconstitu-
tional practices by our government. I have pointed out
another one of their illegal deals. When do we get a handle
on this crap? It's up to you! Today we're holding the
dirty end of a short stick!
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