The Federal Reserve Bank is not a government institution, it has no reserves, and it is not a bank. It is a cartel that was …
Federal Reserve
The Federal Reserve Bank is not a government institution, it has no reserves, and it is not a bank. It is a cartel that was created in top secrecy and deceptively put into place in 1913. It’s goal is to maintain control in the financial system, and therefore their powerhold by keeping We The People in never-ending debt, aka Debt Slaves. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial “boom” followed by a recession or depression when the Fed-created bubble bursts. From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble, to the housing market crisis, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy.
In order to understand the Federal Reserve, we must first understand its origins and context. We must deconstruct the puzzle. The first piece of that puzzle lies here, in the White House. This is where the Federal Reserve Act, then known as the Currency Bill, was signed into law after passing the House and Senate in late December, 1913. The New York Times of Christmas Eve, 1913, described the festive scene:
“The Christmas spirit pervaded the gathering. While the ceremony was a little less impressive than that of the signing of the Tarriff act on Oct. 3 last in the same room, the spectators were much more enthusiastic and seized every occasion to applaud.”
Louis McFadden introduced House Resolution No. 158, Articles of Impeachment against the Secretary of the Treasury, two Assistant Secretaries of the Treasury, the Federal Reserve Board of Governors, and officers and directors of the Federal Reserve Banks for their guilt and collusion in causing the Great Depression. "I charge them with having unlawfully taken over 80 billion dollars from the United States Government in the year ...
It's been 75 years (2008 article) since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. This happens to be one of the episodes Kevin Gutzman and I describe in detail in our new book, Who Killed the Constitution? The Fate of American Liberty from World ...
From A Special Report on the National Emergency in the United States of America Research of Dr Eugene Schroder Excerpts: . . . in 1913, The Federal Reserve Act was passed, authorizing the creation of a [private] central bank, the thought of which had already been noted in the Constitution. The basic idea of the central bank was, among other things, for it to act as a ...
Congressman Louis T. McFadden in a speech delivered to the U.S. House of Representatives: "Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States ...
On the 13th of January 1932 Louis T. McFadden had introduced a resolution indicting the Federal Reserve Board of Governors for "Criminal Conspiracy": "Whereas I charge them, jointly and severally, with the crime of having treasonably conspired and acted against the peace and security of the United States and having treasonably conspired to destroy constitutional government in the United States. Resolved, that the Committee on the ...
The formation of the BIS was agreed upon by its constituent central banks in the so-called Hague Agreement on January 20, 1930, and was in operation shortly thereafter. According to the Agreement, The duly authorized representatives of the Governments of Germany, of Belgium, of France, of the United Kingdom of Great Britain and Northern Ireland, of Italy and of Japan of the one part. And the ...
In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By 1933, when the Great Depression reached its nadir, ...
The New York Times headlines read, "Federal Advisory Council Mystery Meeting in Washington". Resolutions were adopted by the council and transmitted to the board, but their purpose was closely guarded. An atmosphere of deep mystery was thrown about the proceedings both by the board and the council. Every effort was made to guard the proceedings of this extraordinary session. Evasive replies were given to newspaper correspondents." ...
The House of Representatives Committee on Banking and Currency conducted meetings in 1928 from March 19-21; April 30; and most of May (1-3, 4, 8, 9, 15-18, 23, 24, 28, and 29) regarding a bill to amend the Federal Reserve Act of 1913. The goal was to "define certain policies toward which the powers of the federal reserve system shall be directed; to further promote the ...
[This article was first published in the Fall 2009 issue of The Intercollegiate Review.] It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so. Far from viewing ...