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
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.
If you enjoy my writings, please visit szandorblestman.com to make a donation. I have recently collected all my Ron Paul opinion editorials and put them in an ebook entitled, "Ron Paul's Wisdom, A Layman's Perspective" available at amazon.com and other fine ebook outlets.