From: Jeff Jordan Wednesday, December 20, 2000 12:28 PM ET
Reply # of 35994
George W Bush first legislative proposal should be:
legislation to repeal the Federal Reserve Act
For centuries there has been a war between the "money controllers" and their opponents trying to wrest away control. One of the American Founding Fathers was Alexander Hamilton, who was a "money controller" who believed in a strong centralized federal government and a central bank. One of his opponents was President Andrew Jackson who vetoed the extension of the charter of the United States Bank (monopoly central bank) in 1832.
Some people believe that the "money controllers" constitute the "secret government" of the world, and that most or all of the ostensible national governments are mere puppets of the "secret government" behind the scene.
"As a result of the war, corporations have been enthroned and an era of corruption in high places will follow and the MONEY POWER of the country will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in the hands of a few and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war." - Abraham Lincoln
This report includes:
President Woodrow Wilson's role
A license to steal - how fractional reserve banking works
One more turn of the screw - an old fable for modern times
The nation's dictator
Proposed legislation to repeal the Federal Reserve Act
Paul Luther's case
The Free Enterprise solution.
President Woodrow Wilson's Role
On December 23, 1913, Congress passed the Federal Reserve Act. President Woodrow Wilson, while keeping his campaign promise to the bankers, signed the Federal Reserve Act legislation which sold our country to a private organization of bankers.
Being a highly educated man, a brilliant professor and president of the prestigious Princeton University, President Woodrow Wilson was able to conclude within three years after the passage of the Federal Reserve Act, the destruction of our great country. Referring to the great number of bankers who swarmed into the nation's capitol, President Wilson said:
"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 the Government by the opinion and duress of small groups of dominated men."
Even before the Federal Reserve Act was passed, Thomas Jefferson predicted a huge national debt if we violated our Constitution and allowed a bank like the FED to exist. Read on to find out how to help abolish the FED and zero out the National debt
A License to Steal - How Fractional Reserve Banking Works
The book, Repeal The Federal Reserve Act, written by Rev. Casimir F. Gierut, describes in detail just how Congress sold out our nation to private bankers and how those private bankers fraudulently and illegally operate their businesses and cost taxpayers millions of dollars each year. This book is not based on the opinions of people who have limited knowledge of the banking institutions. Nor is it based on the opinions of persons who had a personal grudge against the bank or bankers. This book is based on the sound judgments of dedicated American's who have served as members of Congress. This may very well be the greatest LICENSE TO STEAL story ever perpetuated in the history of mankind. When Congress passed the Federal Reserve Act on December 23, 1913, to present date, the Federal Reserve Banking System has been stealing from the Government as well as from the people of these United States. The Federal Reserve Act gave these private group of Bankers the right to go directly into our country's Bureau of Engraving and authorize the printing of currency at a cost of less than a penny a note. This is the first step in their swindle and the beginnings of the deceitful "fraction reserve" money ratio formula used in banking today. Take a look at what happened and come to your own conclusions.
It all started with the private bankers of the 16th century in Western Europe. The "goldsmith bankers," as they were nicknamed in those days, would store people's gold in a bank vault for safekeeping. The banker would then give the depositor a "receipt" for his gold. Anyone having possession of a receipt was able to go to the bank and claim the gold. People soon learned they could carry on trade and commerce by simply passing the receipt from hand to hand without ever drawing out the gold, and henceforth, those receipts began to circulate as "money." This led the "goldsmith bankers" to a discovery which is the founding principle of the "fractional reserve" banking still in existence today. Congressman Wright Patman of Texas wrote about that time period:
"Few people who held the goldsmith's receipt came to claim their gold. As the goldsmiths (bankers) realized this, they also realized that they could make loans of gold which had been in their safekeeping. That is, they could write receipts for gold to borrowers who, in fact, were not depositing new gold but borrowing the ownership of gold already in the goldsmith's possession. This gold - actually the 'receipts' of ownership - being loaned by the goldsmith was not his to lend. He did not own it. But so long as the calls for gold by the original depositors were so infrequent, the goldsmith felt he could lend without undue risk and earn interest on a certain portion of the deposited gold"...
"In other words, the goldsmith wrote receipts for people who were not depositing gold. These receipts too circulated as money. So receipts for more gold than the banker actually had in his vaults were circulating. The goldsmith had only a fraction of the amount of gold needed to meet the claims [receipts] against him. They were issuing $10 in receipts for each $1 in gold. This is the fractional reserve system"...
"Although it is a long historical step from the goldsmith bankers to the present day, the logical development is quite short. For our modern system is only a refinement of "fractional reserve" banking developed so long ago (by the goldsmith's bankers)."
So today we have evolved from operating with the goldsmith bankers to dealing with the international (Federal Reserve System) bankers, actually very similar in nature. Our investigation takes us to an examination of the Federal Reserve Act to more fully understand what happened in 1913 that is affecting us today in the 1990s.
Many people (and almost all bankers) are under the misconception that Congress "created" the Federal Reserve Act of 1913. This is not true. Congress merely "passed" the legislation and President Woodrow Wilson signed the Act into law. In fact, the Federal Reserve Act was initially composed as a proposal for legislation by a group of private bankers who met in deep secrecy and not by any members of Congress. Present at those meetings were the following bankers: Frank Vanderlip, President of National City Bank of New York; Henry P. Davidson, senior partner of J. P. Morgan Company; and Charles D. Norton, President of Morgan's First National Bank of New York. These three powerful bankers invited Mr. Paul Moritz Warburg of M. M. Warburg Company of Hamburg, Germany, which was the chief German representative of the European banking family, the Rothschilds.
Mr. Paul Moritz Warburg would go on to mastermind the entire document that we recognize today as the Federal Reserve Act. As a partner of Kuhn, Loeb and Company Bank of New York, he was aware of the sentiments of the Congressmen who opposed the formation of a Central Banking System in the United States and knew they blamed the money panic of 1907 on the big New York bankers and the speculators of Wall Street. Thus, Mr. Warburg searched for a title that would not alert the Congressmen as to the true intent of the document he was preparing. He used the word "Federal" in the title which gave the false impression that this document involved the Federal Government. The Federal Reserve System had three very important elements:
The Federal Reserve System would be owned by private bankers; and thus would earn profit for the bankers.
In due time the bankers would gain control of the issuance of the nation's money.
The bankers would use the credit of the United States by involving the United States in foreign affairs.
Warburg established four branch reserve banks in four different sections of the country seemingly independent of each other. This furthered the deception by giving the impression that the New York banks and Wall Street were not in control of the Federal Reserve System. The hidden factor was that all four regional reserve banks were united with the Federal Reserve Bank of New York, which was to be the main bank of the Central Banking System in our country.
When the bankers and Warburg were satisfied that they had accomplished what they had set out to do on paper, they invited Senator Carter Glass to introduce the Federal Reserve document on the floor of Congress. And so with expressed views of the bankers and Warburg's "Federal Reserve Act," the Central Banking System in the United States was born. The events that followed as a result of that legislation being introduced to Congress can be described with the following excerpt from Gierut's book:
"Bank officials swarmed into Washington, D.C. to lobby for the passage of Warburg's document. This legislation was strongly opposed by Congressman Charles Lindbergh, Sr. of Minnesota. He warned that this document was, in fact, establishing a Central Banking System. His greater concern was the fact that this type of banking system would create recessions, depressions, inflation, boom and bust of the nation's economy."
Opposition came from Senator Cabot Lodge, he said:
"I had hoped to support this bill, but I cannot vote for it as it stands, because it seems to me to contain features and to rest upon principles in the highest degree menacing to our prosperity, to stability in business, and to the general welfare of the people of the United States."
And Senator Elihu Root denounced the Federal Reserve bill as an outrage on our liberties.
Many of the Congressmen foresaw the handwriting on the wall. The bankers would, in due time, have complete control over the money supply. The bankers would be the secret elite ruling over Congress itself.
Pressure on the Congressmen grew as the debate increased on the Paul Warburg document. The National banks contributed over $5 million to a fund for propaganda in favor of the passage of the bill.
As time went on the Democrats and Republicans took their stand. The Republicans were against this legislation. The Democrats made the Federal Reserve Act a part of their platform. The Democrats nominated Professor Woodrow Wilson, president of Princeton University, to run on the Democratic ticket for the Presidency of the United States.
The bankers throughout the country were all out campaigning for Woodrow Wilson. With their help, he was elected President of the United States.
After the election of November 1913, the bankers worked hard to bring the Federal Reserve Act to a vote near the Christmas holidays. They knew that some of the Congressmen would leave earlier for their Christmas vacation, therefore some would be absent at the time of voting on the bill. Secondly, with the Christmas holidays and Christmas rush, many Congressmen would not take the necessary time to study the Federal Reserve document. Thus, as the bankers planned, the House of Representatives voted on the Federal Reserve Act on December 22, 1913. The House voted on House Resolution 7837 (the Federal Reserve Act) introduced by Senator Glass.
On so important an issue, 103 empty Congressional seats meant less opposition to the passage of the Federal Reserve Act. Can you imagine 103 of our elected officials (76 Representatives and 27 Senators) were more concerned about going for their Christmas vacation than saving our country? Many of the Congressmen did not have time to read the entire bill. Many who did make an honest effort to study the legislation found themselves lost in the forest of technical banking vocabulary.
On December 23, 1913, the Day of Infamy, Congress passed the Federal Reserve Act. Keeping his campaign promise to the bankers, President Woodrow Wilson signed the document which sold our country to private bankers."
Congressman Wright Patman (R, Texas) gives an explanation of the formula of the Federal Reserve Banking System which is worthy to note. He explains how the entire banking system centers around the "fractional reserve money ratio formula" which is approved by the members of the Federal Reserve Board of Governors. To quote Congressman Patman:
"The formula consists of two parts. One is the amount of bank reserves which the member (local) banks of the Federal Reserve System have to their credit on the books (held at the district) Federal Reserve Banks. The second part is a regulation, which the Federal Reserve Board (of Governors) issues from time to time, telling the member (local) banks the maximum amount of bank deposits they may create per each dollar of their reserve deposit"...
"Expressed mathematically, this is a simple formula: A x B = C. A = Amount of (local) bank reserves; B = The number of dollars of deposits member (local) banks can create per each dollar of reserves; C = Total Bank Deposits. This is an example of the fractional reserve money ratio formula in terms of money: A x B = C.
A = Represents $10,000 the local member bank has in the reserve account.
B = The number of dollars member banks may create per each dollar in reserves is $10.00 for each $1.00 in reserve.
C = For the total bank deposits, multiply $10,000 by the present ratio of $10 for each $1 in reserve. This means $10,000 times $10 equals $100,000. The local bank may record a total of $100,000 in the "bank deposit" checking account for future loans."
This is a very important formula and worthy of memorizing. This is the simple equation to understanding the entire Federal Reserve Banking System. This is how the Federal Reserve Board of Governors and the thousands of member local banks operate without ever being exposed for the fraudulent bookkeeping entries, the printing of the "phony buck," transacting fraudulent loans, creating unjust and illegal interest, and even confiscating property. All of this collectively issues the LICENSE TO STEAL.
To comprehend the magnitude of the passing of the Federal Reserve Act into law requires an in-depth study of our history, the important players both major and minor, and an analysis and understanding of the Congressional legislative history surrounding the issue. The purpose of this report is to give factual foundation to further motivate study and prompt you into action!
And action is just what Rev. Gierut's organization, the "National Committee to Repeal the Federal Reserve Act," is all about. He calls for the end of the fractional reserve money ratio formula through which acts of thievery are committed on a daily basis by the banking system. He urges all American taxpayers, Congressmen and the President of the United States to wake up and demand the Federal Reserve to stop using the illegal formula. Gierut offers a Constitutional Monetary Reform Plan as the means and necessary actions to save our country from total financial collapse and utter ruin. This plan consists of seven propositions which are in summary:
Abolish the fractional reserve money ratio formula. Replace it with a 100% reserve account for all future loans.
End all bond swindling schemes by issuing lawful currency backed with gold, or silver, or backed with United States Treasury Notes. Thus, it will become ujnecessary for the Government to issue bonds to back its own lawful currency.
Repeal the Federal Reserve Act of 11913 and all subsequent amendments.
Stop the issuance of unlawful Federal Reserve Notes.
Repeal the National Bank Act of 1863 and return the banks to the jurisdiction of the state they are located in.
United States take ownership of the 12 District Federal Reserve Bank Buildings which were constructed at the expense of the American taxpayers.
Cancel the National debt owed to the Federal Reserve Banking System as the law does not permit banks to profit from fraudulent practices.
As of the December 1994, the Federal Reserve Act remains intact. Year after year, legislation is introduced into congress to repeal the Act. Year after year, the legislation is voted down. The banks have continued to "buy off" congressmen and Senators which can easily be determined by Financial Democracy Campaign Analysis of Federal Election Commission which recorded donations by the largest bank holding companies in 1989-1990 to have been $9.3 million.
All that could be said about the most corrupt organization ring in America is best stated in a speech Congressman Louis McFadden of Pennsylvania delivered on the floor in Congress. On Friday, June 10, 1932, Congressman McFadden, who was chairman of the House of Representatives Banking and Currency Committee for ten years, spoke with authority on the subject of money and the Federal Reserve Banking System. In his address before the members of Congress, he stated:
"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board of governors and the Federal Reserve banks. The Federal Reserve Board has cheated the Government and the people of the United States out of enough money to pay the national debt. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the money vultures who control it."
"Some people think the Federal Reserve Banks are United States Government 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 customers, foreign and domestic speculators, and swindlers. Those 12 private credit monopolies were deceitfully and disloyally foisted upon this country by bankers who came here from Europe."
"The danger that the country was warned against came upon us and is shown in the long train of horrors attendant upon the affairs of the traitorous and dishonest Federal Reserve Board and the Federal Reserve Banks. This is an era of economic misery; and, for the conditions that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable. THIS IS AN ERA OF FINANCED CRIME
One More Turn of the Screw
There is an old fable in which Aesop tells of the woodsman who went into the forest to get a handle for his axe. We've included this story in this report because it accurately describes what happened to us when the Federal Reserve Act was passed and signed into law. It seems the woodsman went into the forest and consulted with the trees, negotiating a handle for his axe. Now the large and mighty trees, the stronger ones, arrogating to themselves authority and ignoring the rights of others, thought that they could dispose of the smaller trees as they pleased.
The larger trees conferred together and decided to the grant the woodsman's request, and so they gave to the woodsman the Ash tree. The Ash soon fell; but the woodsman had no sooner fitted the handle to his axe than he began upon the other trees.
He did not stop with the Ash, but he also hewed down the great and mighty Monarchs of the forest who had surrendered in their pride, the rights of the humble Ash. An old Oak was heard to complain to a neighboring Cedar; "If we had not given away the rights of the Ash we might have stood forever; but we have surrendered to the destroyer the rights of one, and now we are suffering from the same evil ourselves."
The moral of the story: Don't cut off somebody else's to spite your face.
If we look closely at our Government and the way successive legislation destroys individual rights - knowing that government is being controlled and manipulated by a group of private bankers - could we really be dealing with woodsmen who always want more handles
The Nation's Dictator
[Excerpts from speech, Congressional Record, by C.G. Binderup]
"YES, YOU, the Federal Reserve Banking System, you are the dictator in our great nation. You are the Nero who fiddles while Rome is burning.
We in Congress can study for years, travel for miles, and legislate for months, striving to enact sound legislation. We come to Washington holding aloft a mandate from the people. We come clothed in power by the ballots representing the will of 135,000,000 citizens. We come to enact laws for the general welfare, but in every nook and corner of the Nation's Capital you are here, the invisible government, the power behind the throne of government. You with your red flag of economic dictatorship, you whisper into the ear of Congress, "Listen! We hold the power supreme, the power of money, and by this power we can dictate and determine just who shall occupy our seat." You whisper into the ear of the Public Press, "Listen! We hold by the power of money the control of big business that buys your advertising contracts, that determines the life or death of your paper." You whisper to the management of radio broadcasting stations, "Listen! We own the bonds and the stocks directly or indirectly. Your salary depends upon us."
....there IS so much more!!!!!!!Jeff |
