The Federal Reserve "System"
What Most Americans Don’t Know About Our System of Currency
Essentially, it was the Takeover of the United States of America
NewsFocus.org, by Tim Watts 031209
"The few who understand the system will either be so interested in
its profits or be so dependent upon its favours that there will be
no opposition from that class..."
to New York bankers, 1863
For over two
hundred years, the United States of America has been the beacon of
democracy and freedom for the world, or so we have been led
to believe. While sadly unbeknownst to many, our democracy was
infiltrated long, long ago. If that is a statement that you
personally take issue with, you are encouraged to please take the time to
read this article and see if there isn’t something hidden that you
just might not know about regarding our beloved country. Please consider
First off, it's
hard to understand much of our current financial crisis without
first knowing how our monetary system came about. Unknown to a great
many, the last one hundred years of U.S. history have given rise to
changes within our government that are patently offensive to the
intent of our founding fathers, as well as being extremely abhorrent to
our Constitution, the Bill of Rights, and the resulting laws that
our forefathers laid out for us over two centuries ago. It all
began with the takeover of our nations’ currency, over 90
years ago, but first we have to start at the beginning, when our
founding fathers first recognized monetary slavery.
The Money Tax
were said to have left England for religious freedom, but many
also left to escape the oppression and tyranny of the monarchy,
including its interest bearing system of banking. In
1619, the Virginia colonists were given the right to their own
self government, but after time, the long arm of oppression from
the British government eventually reached back out across the
and began to restrict the rights of the colonies to issue their
own paper money. By 1764 the British banned the new currency altogether (except
when needed for military issue).
This forced the colonists to borrow money from the central bank of
England, with interest, which soon created debt for
The very same
swindle they had escaped from was now being levied on them once
again, only this time in the British colonies of America.
The colonists were once again slaves to the monetary system of the
This struggle between Britain and the American colonies over the
right to issue their own paper money was a significant factor in
bringing about the American Revolution.
The colonies would gladly have borne the little tax on tea and
other matters had it not been that England took away from the
colonies their money, which created unemployment and
dissatisfaction. The inability of colonists to get power to issue
their own money permanently out of the hands of George the III and
the international bankers was the prime reason for the
Our forefathers had
a specific plan when they founded this country, to not
repeat the mistakes that had been made by the monarchy. If
they could see today that we have given control of our government
back to the elite, they more than likely would all roll over in their collective
graves. Make no mistake about it, our forefathers would surely be
ashamed of what “we the people” have naively and ignorantly
allowed to happen to our country and the precious liberty and
freedoms they fought and died for.
In 1783 we earned
our independence from England, yet over 200 years later we find
ourselves back where we once were when under the rule of King
George III. It is morbid irony that George the II (Bush) would
be the ruler to take independence away from the people.
The issues we face
today are very much the same as back then. One of the more
pertinent issues that we share is echoed in this historical
“Taxation without representation is tyranny.”
Mayhew, Boston 1750
[Later repeated by James Otis, although textbooks teach us it was Patrick
who gets the credit, the idea behind the quote is sound in itself
to this day. We now, much to the horror and dismay of our founding
forefathers, find ourselves in exactly the same spot as before the
American revolution. As the old saying goes…
Who Refuse to Learn from the Mistakes of the Past
are Condemned to Relive Them.” -Anonymous
is, we no longer enjoy our representation “of the people, by
the people and for the people.” Our political system is
controlled by the rich and elite of our country, the major
corporations, special interest groups, lobbyists, and PAC money,
all edging the public out, keeping their collective voices from
man no longer has the voice of his elected representatives. That
in essence puts us quite squarely back where we were in the 1750s,
taxation without fair representation. Over the years
has indeed regressed in many ways that were not intended
by the signers of our highly revered Constitution.
It All Go Wrong?
there was a significant moment in history where our country was
the most vulnerable, it was clearly during the post-civil war era,
the reconstruction period. The animosity from this domestic war certainly didn’t
end abruptly overnight with the final surrender document at
Appomattox. Even to this day, we still have
residual sentiment left over in the South, so it is not hard to
understand that we were not functioning at our political best as a
unified government during that time. To coin an old
phrase, we were most likely ripe for the picking.
reconstruction period, we had three sitting United States
Presidents murdered. Three! All were assassinated within a very short 36 year
period. This is a disturbing historical fact which is quite alarming,
yet seldom dealt with in American history books.
It is important to note that
Lincoln was greatly disturbed by the banks extremely high interest
rates (24% t0 36%), in return for funding of the civil war. This
would have plunged the nation into extreme debt, if not a national
Lincoln said, "The
privilege of creating and issuing money is not only the supreme
prerogative of Government, but is the Government's greatest
creative opportunity. By the adoption of these principles, the
taxpayers will be saved immense sums of interest."
had a national currency created instead, called greenbacks, which
were interest free. Something the bankers did not like at all.
This very well may have been the undoing for President Lincoln.
later quoted as saying, "The money power preys upon the
nation in times of peace and conspires against it in times of
adversity. It is more despotic than monarchy, more insolent than
autocracy, more selfish than bureaucracy. I see in the near
future a crisis approaching that unnerves me and causes me to
tremble for the safety of my country. Corporations have been
enthroned, an era of corruption in high places will follow, and
the money power of the country will endeavor to prolong its
reign by working upon the prejudices of the people until the
wealth is aggregated in the hands of a few and the Republic is
destroyed ... I feel at the moment more anxiety for the safety
of my country than ever before, even in the midst of war."
London Times wrote about Lincoln's new greenbacks:
mischievous financial policy which had its origin in the North
America Republic during the late war in that country, should
become indurated down to a fixture, then that Government will
furnish its own money without cost. It will pay off its debts
and be without debt. It will become prosperous beyond precedent
in the history of the civilized governments of the world. The
brains and wealth of all countries will go to North America.
That government must be destroyed or it will destroy every
monarchy on the globe."
How is it
that such a powerful cabal could become so prevalent so quickly
during this reconstruction period? Was it in place all along, with behind the scenes interest
or even possible influence in the war? Was it state sponsored, or
privately financed from the wealthy? Who had the power to
finance and perpetrate a coup such as that? How about the banks
that Lincoln had angered with his government issued greenbacks?
possible that all of those assassinations were not separate
There have been rumors
throughout history that the civil war was brought about by the
wealthy bankers of Europe in an attempt to divide the nation and
then conquer it through its banking system. Their intent was a central
banking system which would have total monetary control over the U.S.
Lincoln is quoted as saying at
the time, "combinations too powerful to be suppressed by the
ordinary machinery of peacetime government have assumed control of
various southern states."
It would appear that the
issues we have been taught about regarding the origins of the
civil war are not all as we think. Slavery was merely a guise for
motives far more sinister in the division of the union.
President James A. Garfield
was also said to understand the danger presented by the
wealthy bankers. Garfield is quoted as saying, "Whoever
controls the money of a nation, controls that nation."
Garfield was then also assassinated
in 1881, during his first year in office.
Suspiciously enough, all of those presidential murders coincidentally occurred
within a very narrow window of history that was ideal with opportunity
for disaster capitalism. The reconstruction period was indeed
a period as tumultuous as the war itself.
Three U.S. presidents killed
in just 36 years. Was it all just a wild coincidence or was it a
calculated criminal collusion for control of the United States?
One thing is without doubt,
all of this took place during the
weakest moment in our nation’s history, while we were
healing, but yet still politically divided. It was the perfect
chance for a coup.
Coincidence or Collusion?
Say what you
will, but three American Presidential assassinations within a 36
year period are tough odds for a coincidence.
With this premise in
mind, it’s certainly more than appropriate to question whether or
not nefarious behind the scenes
activity was taking place, a
secret coup following the revolution, at a time when our country
was undeniably most politically weak and very much still divided
Apparently someone saw
opportunity in our national disarray, attacking us at our weakest.
stand, but divided we fall.”
-Aesop / Dickinson/ Lincoln
Many would openly
agree that three assassinated presidents in a span of 36
years, a period of only nine possible presidential terms,
is quite alarming and very notably suspicious. Maybe this
cabal was in place all along. Maybe, quite possibly, some of the
reasons for the civil war are not as we have been told. Maybe
those behind the scenes decided upon a different way to change
the course of this country.
consider the following letter, written two years before Lincoln’s assassination,
which appears to detail a new “system” being sold to the wealthy
elite of our country…
"The few who understand the system will either be so interested in
its profits or be so dependent upon its favours that there will be
no opposition from that class, while on the other hand, the great
body of people, mentally incapable of comprehending the tremendous
advantage that capital derives from the system, will bear its
burdens without complaint, and perhaps without even suspecting
that the system is inimical to their interests."
-The Rothschild brothers of London writing to associates in New
Beginning of the Coup
If you were
to witness firsthand the assassination of not one, not two, but
three American president’s in your lifetime, specifically a
very short 36 year period, you would have to ask yourself, what
behind the scenes struggle was taking place at that time in our
old enough to realize the time frame, this period would be the same duration as 1974
until 2010, and yet we grieve for one president killed over 40
years ago in 1963.
intended to JFK.)
Assassination of President Lincoln
Assassination of President Garfield
Assassination of President McKinley
This is a
startling fact, not explored well enough in American history
our classrooms, perhaps because of the powerful goliath that grew out of
this great turmoil.
We don't study this period as
much as we should probably because those who stole the power don't
want us to look. They control everything, including the major
publishing houses. Certainly one person who understood this
concept quite well was Sir Winston Churchill who once said, "History is written by the
And as they say in the
marketing world, "perception is reality."
Return of the Money Tax
Just nine years after the third presidential assassination, a
group of eight very powerful and wealthy men met in a then secret
meeting off the coast of Georgia on Jekyll Island, to plan a
takeover of this nation's banking and monetary system; in essence,
a coup on the United States of America. These men represented a
vast majority of the world's wealth, including the Rockefellers,
the Morgans, the Warburgs and the Rothschilds. They were invited
to the 1910 meeting by Senator Nelson Aldrich, under the guise of a duck
hunting trip; all of them refusing to use their last names in the
hopes of not being found out or implicated in the takeover plan.
As a result of this secret
meeting, the Federal Reserve System was born, just a few years
later in 1913. It was on Woodrow Wilson’s watch that this coup was
perpetrated against our democracy. President Wilson held great remorse
over the decision upon leaving office, sadly admitting his
gullibility in allowing the Federal Reserve System to take control
over our nation’s monetary system.
"I am a most unhappy man. I have
unwittingly ruined my country. A great industrial nation is
controlled by its system of credit. Our system of credit is
concentrated in the hands of a few men. We have come to be one of
the worst ruled, one of the most completely controlled and
dominated governments in the world--no longer a government of free
opinion, no longer a government by conviction and vote of the
majority, but a government by the opinion and duress of small
groups of dominant men."
-President Woodrow Wilson
Think about having the power to control a nation's currency.
Seriously. How much power would you have at
your fingertips? Think about the concept of that kind of power,
not in the hands or control of government, but in the hands of a
private corporation. That is exactly what we have under the
Federal Reserve Act.
The opposition to creation of the Federal Reserve is well noted by
past Congressman and is echoed to this
very day by such brave Congressmen as Dennis Kucinich (D) and Ron Paul (R), both from opposite
sides of the political spectrum, are very much opposed to the Federal Reserve
System scam on the American people.
A Money Coup
of our nation’s monetary system to the Federal Reserve in 1913 was
the first step in losing our country. Handing over the power to control our national monetary
policy has cost us our national sovereignty and the democracy that our forefathers
fought and died for. A great financial power over our country has
been given to the wealthy banking elite.
little known fact among the general public is that the Federal
Reserve is not owned by the US Federal Government. It is
private institution with rich owners of the banking community.
When those of great financial wealth hold that much control
over our monetary system, a power far greater than that of nations
is created. Our country is a slave to their interests as long
as we remain part of the Federal Reserve “system.”
Our money is
no longer backed by anything other than faith. It is
literally a rich man’s shell game. There is no longer gold or
silver backing every dollar. Our money is now called “legal
tender.” It is a manufactured currency.
So essentially, for all intents and purposes, all of our
is simply worthless paper, with no gold backing, at least not for
Take a look at our money. At the top of each bill it says, "Federal
Click for a larger image
It also says, "This note is legal tender for all
debts, public and private."
Its interesting to note the enormous amount of gold that is
held at the Federal Reserve, with none of it backing our currency.
In light of our abandonment of the "gold standard," it's not
backing our domestic currency, one can only assume that the
gold is there more for
international backing and foreign exchange. What it comes down to
is this; if
you control the domestic currency market, the only entities that you
need to worry about are the international markets and their exchanges.
Our monetary system is literally
a faith-based money system, manipulated by the rich
bankers of the Federal Reserve. Considering that we don't own this economic
monolith, it could truly be hard to get an accurate accounting on
the amount of bills produced, Considering the volume of old and
damaged bills that are burned, the capability exists to
tremendously exploit this monetary system of good faith that we've
come to know, trust and accept as money.
Gold Standard and Banking
"We have gold because we cannot trust governments."
Hoover's statement in 1933 to Franklin D. Roosevelt
The gold standard meant that for every note issued, there was
gold in the bank to back that note. Paper currency had real value
because of this. Today, our money is no longer backed by
gold or silver. It is for all intents and purposes, worthless
Jefferson had this to say about banks, while warning us of the
danger in giving away the control of our nations’ currency…
believe that banking institutions are more dangerous to our
liberties than standing armies."
-Thomas Jefferson, US President.
"If the American people ever allow private banks to control issue
of their currency, first by inflation, then by deflation, the
banks and the corporations will grow up around them and 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
-Thomas Jefferson - Debate over the Re-charter of the Bank Bill
Never a Popular Act
Many notable American
Congressman have had much to say about the Federal Reserve System
and have given dire warnings over the years regarding it.
"This [Federal Reserve Act] establishes the most gigantic trust on
earth. When President Wilson signs this bill, the invisible
government of the monetary power will be legalized... the worst
legislative crime of the ages is perpetrated by this banking and
currency bill."Congressman Charles A. Lindbergh, Sr., 1913
"From now on, depressions will be scientifically created."
-Congressman Charles A. Lindbergh Sr. , 1913
"The financial system has been turned over to the Federal Reserve
Board. That Board administers the finance system by authority of a
purely profiteering group. The system is Private, conducted for
the sole purpose of obtaining the greatest possible profits from
the use of other people's money"
-Charles A. Lindbergh Sr., 1923
"We have, in this country, one of the most corrupt institutions
the world has ever known. I refer to the Federal Reserve Board.
This evil institution has impoverished the people of the United
States and has practically bankrupted our government. It has done
this through the corrupt practices of the moneyed vultures who
-Congressman Louis T. McFadden in 1932 (Rep. Pa)
"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 [ Congressional Record
"The Federal Reserve banks are one of the most corrupt
institutions the world has ever seen. There is not a man within
the sound of my voice who does not know that this nation is run by
the International bankers.”
-Congressman Louis T. McFadden (Rep. Pa)
“We shall have one world government whether or not we like it. The
only question is, whether world government will be achieved by
conquest or consent.”
-Paul Warburg – Council on Foreign Relations / Architect of the
Federal Reserve, 1950 before U.S. Senate.
The Takeover of America
Federal Reserve soon became a dark omen for the democracy that
our forefathers envisioned and shaped for us. They understood
implicitly the result of such an entanglement, because they went
through exactly the same situation with England.
because of the Federal Reserve Act of 1913, the
money tax from the wealthy bankers was back. Servitude to
the bankers and their money was king once again.
notables throughout history have weighed in on the subject of the
banking industry and its involvement with government and the
control of a society…
"When a government is dependent upon bankers for money, they and
not the leaders of the government control the situation, since the
hand that gives is above the hand that takes. Money has no
motherland; financiers are without patriotism and without decency;
their sole object is gain."
-Napoleon Bonaparte, Emperor of France.
issue and control a nation's money and I care not who writes the
-Mayer Amschel Rothschild (1744-1812) Founder of the House of
records that the money changers have used every form of abuse,
intrigue, deceit, and violent means possible to maintain their
control over governments by controlling money and it's issuance".
Congress has the right to issue paper money, it was given to them
to be used by themselves... and not to be delegated to individuals
-President Andrew Jackson, Vetoed Bank Bill of 1836
"Whoever controls the volume of money in any country is absolute
master of all industry and commerce."
-James A. Garfield, President of the United States
"Banking was conceived in iniquity and was born in sin. The
Bankers own the earth. Take it away from them, but leave them the
power to create deposits, and with the flick of the pen they will
create enough deposits to buy it back again. However, take it away
from them, and all the great fortunes like mine will disappear and
they ought to disappear, for this would be a happier and better
world to live in. But, if you wish to remain the slaves of Bankers
and pay the cost of your own slavery, let them continue to create
-Sir Josiah Stamp, (President of the Bank of England in the 1920's,
the second richest man in Britain)
It is well enough that people of the
nation do not understand our banking and monetary system, for if
they did, I believe there would be a revolution before tomorrow
"The real truth of the matter is, as you and I know, that a
financial element in the large centers has owned the government of
the U.S. since the days of Andrew Jackson."
-President Franklin D. Roosevelt in a letter dated November 21,
"The real rulers in Washington are invisible and exercise power
from behind the scenes."
-U.S. Supreme Court Justice Felix Frankfurter
"To expose a 15-Trillion dollar rip-off of the American people by
the stockholders of the 1000 largest corporations over the last
100 years will be a tall order of business."
A Purpose And A Goal (A New
One thing to
understand is that a cabal this large of the wealthy and elite has
obviously coalesced over the years due to tremendous ideological differences with
our system of government. There are those of great wealth
who seek nothing other than more wealth, power and/or acclaim for
themselves. On the other hand, there are also those of wealth, like perhaps
Bill Gates, who feel as though they are in a position to change the
world for the better. Like everything in life, there are two sides to the
coin. Two factions with the same goal, but not exactly
for the same purpose.
Not all of the ultra-wealthy have such beneficent
intentions. Some of those wealthy wish for a one world government
run by the central banks, with total power and control over all.
They have clearly duped the others into following along.
the altruistic subset of rich can get caught up and entangled with the
unscrupulous set and can be easily swayed. One area where this appears to have happened is the
plan for a new world order, as mentioned by Paul Warburg. Many
appear to be in support of the plan, a one world government ruled
over by the wealthiest central bankers, however, not all realize the adverse
consequences of such a potentially dangerous endeavor.
There are many arguments for why a one-world system
is attractive and most are quite easily understandable, however,
ideology exists only in a
perfect world, one in which we clearly do not yet exist. Proponents for the NWO would say that is because we have not yet created that order, but
a common moral center, without personal financial gain, is
needed first before such an idea can be a true altruistic plan
success, as opposed to a nefarious plan of oppression.
intentions may be altruistic in their basic concept, there are
many issues to be resolved that must contend with the concept of
evil in a one world government. Capitalism, as we embrace it today,
would seem to be a clear threat to that beneficent intent, if left unchecked
in it’s present form. If the world were to ever
evolve to one unified community, then the inherent nature of man
must surely evolve also, with more compassion and humility, while
losing its avarice.
With such a
grandiose plan for international integration being so far along at
this point, we can only pray
that this coup is uncovered and stopped in time, before it is too
late, or that those with the best of intentions from this group will
take charge and steer this bold quest
with compassion and integrity, rather than greed. So far, it
appears our best hope is that a divide is created among the rich over
the fulfillment of this long standing plan. A change in
direction is needed for this impending revolutionary new world
Here is what mega-billionaire David
Rockefeller has said on the new world order...
"Some even believe we are part of a secret
cabal working against the best interests of the United States,
characterizing my family and me as 'internationalists' and of
conspiring with others around the world to build a more
integrated global political and economic structure -- one world,
if you will. If that's the charge, I stand guilty, and I am
proud of it."
--David Rockefeller, 2002 Memoirs
"We are on
the verge of a global transformation. All we need is the right
major crisis and the nations will accept the New World Order. "
--David Rockefeller, UN 1994
"We are grateful to the Washington
Post, The New York Times, Time Magazine and other great
publications whose directors have attended our meetings and
respected their promises of discretion for almost forty years. It
would have been impossible for us to develop our plan for the
world if we had been subjected to the lights of publicity during
those years. But, the world is now more sophisticated and prepared
to march towards a world government. The supranational sovereignty
of an intellectual elite and world bankers is surely preferable to
the national auto-determination practiced in past centuries."
--David Rockefeller, Baden-Baden, Germany 1991
Our money system
has clearly been taken away from “we the people.” The
manipulation of markets and economies is now in the hands of only
a few, yet many in this country live in darkness and aren’t aware
of this basic fact of our vaunted financial system.
To be clear, the Federal Reserve does not
belong to the US Government. It is a privately owned institution
that controls our money system. It is and always has been a threat
to the United States of America, our Constitution and our
It's time that Americans learned
the truth about the shackles that bind and control our government
and "we the people."
But don't take this author's word for it. Research for yourself
and find out the truth about the privately owned Federal
The Men Who Run the US
Alan Greenspan: There Is No Authority Above The Federal Reserve
This arrogant admission clearly admits who really runs the show.
On The Federal Reserve...
Death Of The American Empire
Global Research, by Tanya Cariina Hsu
Banking institutions are more dangerous to our liberties than
It all began in the early part of the 20th
century. In 1907 J.P. Morgan, a private New York banker,
published a rumour that a competing unnamed large bank was about
to fail. It was a false charge but customers nonetheless raced
to their banks to withdraw their money, in case it was their
bank. As they pulled out their funds the banks lost their cash
deposits and were forced to call in their loans. People now
therefore had to pay back their mortgages to fill the banks with
income, going bankrupt in the process. The 1907 panic resulted
in a crash that prompted the creation of the Federal Reserve, a
private banking cartel with the veneer of an independent
government organization. Effectively, it was a coup by elite
bankers in order to control the industry. ...
How The Financial Crisis Was Built Into The System
Yahoo Finance, by Robert Kiyosaki
In 1910, seven men held a secret meeting on
Jekyll Island off the coast of Georgia. It's estimated that
those seven men represented one-sixth of the world's wealth. Six
were Americans representing J.P. Morgan, John D. Rockefeller,
and the U.S. government. One was a European representing the
Rothschilds and Warburgs.
In 1913, the U.S. Federal Reserve Bank was
created as a direct result of that secret meeting.
Interestingly, the U.S. Federal Reserve Bank isn't federal,
there are no reserves, and it's not a bank. Those seven men,
some American and some European, created this new entity,
commonly referred to as the Fed, to take control of the banking
system and the money supply of the United States. ...
The Jekyll Island Duck Hunt That Created
The Federal Reserve
Jekyll Island History.com, by Tyler Bagwell
Soon after the 1907 panic, Congress formed the
National Monetary Commission to review banking policies in the
United States. The committee, chaired by Senator Nelson W.
Aldrich of Rhode Island, toured Europe and collected data on the
various banking methods being incorporated. Using this
information as a base, in November of 1910 Senator Aldrich
invited several bankers and economic scholars to attend a
conference on Jekyll Island. While meeting under the ruse of a
duck-shooting excursion, the financial experts were in reality
hunting for a way to restructure America's banking system...
The Federal Reserve Act
Federal-Reserve.net, by John DiNardo
the night of November 22, 1910, a small group of surrogates of
the most powerful bankers of the World met, under the veil of
utmost secrecy, at specific little-used tracks of the railway
station in Hoboken, New Jersey. Each of these secret banking
agents had his own private railway car with new servants who
would not recognize the identity of these men. The men traveled
in silence to their secret destination, the elitist resort
island off the coast of Georgia named Jekyll Island. Over the
next few weeks these men would perpetrate, under the orders of
their masters (men such as the Rothschild, Rockefeller and
Morgan bankers) perhaps the most colossal and devastating fraud
ever inflicted upon the American People. ...