The Federal Reserve System, a Christmas Gift that Keeps on Taking

Ninety nine years ago this month, the law that brought the Federal Reserve System into existence was passed. It did so at the behest of some very wealthy and very greedy men who wanted nothing less than total control of as much of the world's total wealth that they could possibly get their hands on. These men with names like Aldrich, Rockefeller, Rothschild, Vanderlip, Kuhn, Loeb, Warburg, Morgan, Schiff, et al. wanted nothing less than total control of finances, currencies and economies worldwide. They wanted it so badly that they cared not what the majority might think, and they certainly didn't care what the common folk at the time might think. These were the robber barons of finance in their day, and they knew the general public wouldn't trust them or their banking schemes. It was for this reason they had to remain secretive in their plans and use every deception and political dirty trick in their arsenal to achieve their goals.

It took three years to set things up, but just before Christmas, on the 23rd of December in the year 1913, the Federal Reserve Act was enacted. It was sold to the American people as a sort of present to them, a way to stabilize the economy and prevent boom and bust cycles. What it was in actuality was a present to the wealthiest amongst us, the central bankers, and a way for them to gain control of our economy for their own benefit and to secure their power. It was a way for them to steal the real wealth of the common folk in such a way that most would never know or understand how their prosperity was being stolen.

Think about the date it was passed just for a second. It was just two days before Christmas. It was during the time when fully a third of the legislators had already gone back to their home states to spend time with their families. I'm not completely certain about how things were back then, but in today's world this is a time when most people are not paying attention to politics. I imagine it was the same even back then. Who wants to think about what politicians and lawmakers are doing when there are plans to be made for the big holiday? Any law that is passed at this time of year should be suspect. Any law that is passed after elections have taken place and before the new congress critters have taken their oath of office leaves too many of the political class completely unaccountable.

As many of you may know I am not a big fan of laws and regulations. The more laws we have, the more tyranny we have, the fewer laws we have, the more freedom we have. The law should be simple, if you do harm to an individual or you damage or steal his hard earned property, you should be held accountable. If there is no victim, there is no crime. If there are to be laws and regulations to make sure that no thought crimes are committed, however, than those laws and regulations should be restricting the political class and punishing them for breeching the laws. I think a good law would be that no legislation is to be passed during the period of time between an election and the swearing in of the new congress. That seems to be the time when the most constitution shredding, tyrannical, and controversial legislation seems to be passed.

But of course the political class and the power elite who control them don't want to create anything that limits their power, they want to limit what the common folk can do. They want to make certain their power base is maintained and grown. They want more power, not less, and so they are going to create laws and institutions that help them to gain it. They do this by removing or hiding what little control the common folk may have over the systems and institutions where the government claims to have a monopoly and consolidating that power as much as they possibly can. They consolidate their monopoly power on the use of "legitimate" force by bypassing congressional oversight in war matters and creating laws such as The Patriot Act, The Military Commissions Act, and the most recent NDAA to set up a police state. They consolidate their monopoly on the justice system and put power in the hands of their judges by constantly harping on finding people either "guilty" or "not guilty" of crimes and refusing to inform juries of their right and duty to judge the law. And so it was that they consolidated their monopoly on currency creation and removed power from the hands of the common folks back in 1913 by passing The Federal Reserve Act.

Before the creation of the quasi private, quasi public Federal Reserve the power to coin money was solely vested in the US House of Representatives and money was based on silver and gold. It took the promise of the gift of stable prices and maximum employment through "elastic" currency to "sell" the American people on this central banking scheme. These promises, of course, have been broken time and again, and we are currently experiencing the latest downturn in the economy and the most massive unemployment in decades as a result of this ill conceived creation of the powerful financial interests. As history has shown, this institution does not give anything to the common folk, it takes everything from them.

It takes wealth. It does so by creating debt in the form of "easy" credit. This credit comes in the form of fractional reserves which more or less guarantees that there will never be enough currency to pay back everything that is owed. In this way, the banks are set up to own anything real that a borrower possesses for a little bit of paper, or in modern days some ones and zeroes in some digital data bank somewhere. The central banks and their financial sector partners have a tendency to horde commodities of real value such as precious metals, land, etc. while issuing their debt paper to an unsuspecting public.

It takes lives. One of the first things that happened after the creation of the Federal Reserve was World War I. There is a school of thought out there that this would not have happened had the Federal Reserve not been created, or at least America would not have become involved. The "elastic" nature of the new American currency made it possible to pay for the war on the backs of future generations, otherwise the rise in taxes would have created political pressure to avoid war.

World War I was supposed to be the war to end all wars. Instead most of the wars fought in the 20th century stem from World War I. Who is it that constantly benefits from such destruction? Who is it that profits from such suffering? The military industrial complex that we were warned about, and those that finance them even more so.

The Federal Reserve takes away value. It keeps pumping more and more money into the system, creating it like the money itself is the wealth and not just a token of exchange. The more money that is available, the greater the supply, the less it is worth. Those at the top, the power elite, can spend it while its buying power is still high, but those at the bottom, the common folk, receive the money after its value has decreased. That is what inflation is really about. That is why the costs of necessities are rising. And now your federal government needs to tax you even more so that they too can maintain their spending addictions.

The Federal Reserve System takes our freedom. It takes away our independence. It profits off debt. For every dollar it loans out it expects to take back ten. It creates a debtor nation and then makes the citizenry beholden to it for economic survival. It makes the nation dependent on its currency and credit like a junkie is dependent on a drug. It takes away the political will of the people by creating the fear that we will not be able to get our fix should the currency supplier be held accountable.

The cycle can be broken. First, more people need to be educated as to the origin of the Federal Reserve as well as how other central banks operate. A full audit of the Federal Reserve needs to take place and all moneys accounted for. Secrecy must be stopped and transparency demanded. The people of the United States deserve to know where all their money, all their wealth is being spent, and why more of it isn't being saved to ensure prosperity for future generations. Finally, a way needs to be found to make the system accountable. No one should have such awesome power as a monopoly on currency creation enables. Strike at the source of the corruption, and we will begin to create a more honest and principled world for all to live in.

Nearly a hundred years ago, the Wilsonian progressives helped the moneyed elite sell the American public on a gift that to this day continues to keep on taking. Even Wilson himself realized he made a mistake when in later years he wrote: "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. The growth of the nation, therefore, and all our activities are 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 civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men."

Today the so called progressives want to continue to raise taxes. They want to keep the burden on the common folk. They want to treat symptoms rather than remove the cancer and cure the disease. They talk about those making over $250,000 a year as if they are the wealthy while bailing out those worth $250 billion. They want to steal from those who have become successful through industrious hard work while ignoring those who have made trillions through fraudulent and questionable means. That is not progress, it is tyranny against those who should be lauded for their hard work and successful endeavors. If you want progress, start by tearing down the stale old institutions that have been proven failures. Such an institution is the Federal Reserve. We have already given it too much and still it wants to take more.

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