I agree we became a country Thomas Jefferson wouldn't like. I think the country has many unconstitutional laws, and some are very big. I think we have taxation without represenation. And I think the Federal Reserve Act of 1913 and the taxing amendment of that year are unconstitutional.
Black's Law
Dictionary
defines the "Federal Reserve System" as, "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong.
Membership rules require investment of stock and minimum reserves."
Privately-owned banks own the stock of the Fed. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said:
Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors.
Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks.
Taking another look at Black's Law Dictionary, we find that these privately owned banks actually issue money:
Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.).
The FED banks, which are privately owned, actually issue, that is, create, the money we use.
This delegation of the power to make money is unconstitutional and a big part of Independence.
Some Presidential quotes about it:
If the American people ever allow private banks to control the issue of their
currency, first by inflation, then by deflation, the banks...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 properly belongs. -Thomas Jefferson
History 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 its issuance. -James Madison<
If congress has the right under the Constitution to issue paper money, it was
given them to use themselves, not to be delegated to individuals or
corporations. -Andrew Jackson
The Government should create, issue, and
circulate all the currency and credits needed to satisfy the spending power of
the Government and the buying power of consumers. By the adoption of these
principles, the taxpayers will be saved immense sums of interest. Money will
cease to be master and become the servant of humanity. -Abraham Lincoln
Despite these warnings, Woodrow Wilson Signed the 1913 Federal Reserve Act. A
few years later 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. -Woodrow Wilson
--But I think this is a great country and I will gladly defend my government against whosoever they deem as enemies. But is this trust supposed to be unconditional? I think not. Therefore, I am concerned about the banks and their power over us and the idea of collapsing the American dollar. That is what will happen if the government decides that we don't know how to save and so they should save for us by investing in foreign assets. What will that do the price of our assets? I do not believe that low interest rates can be maintained by choking off the supply of american securities. And that is trying to manipulate a market, which means that they will use market power to fix a price, which means you aren't getting what we should get. And if they do not fix the price, what would happen to interest rates? They would go to minus zero! There will be such a huge demand for American securities that the price will skyrocket. What this really means is that the government wants to control inflation by limiting growth in America. If they quit taxing us so much, we could have a lot more money to invest ourselves which is what it is all about. The one thing I can find about humans, we know how to spend money, and often that money pays off. |
