I placed empahsis on a contrary court opinion.
Greatest Scams of History -- The Fed & The IRS
Baron M. A. Rothschild: "Give me control over a nation's currency and I
care
not who makes its laws."
The Fed is NOT part of the government. It is privately owned by a
select group of powerful individuals and private banking cartels. It's
express purpose is to fleece the American people by stealing our money
under the pretext of "central banking system" that calls itself
"Federal." Yet it is no more a part of, or controlled by, the Federal
Government than is Federal Express!
The Constitution, Art 1 Sec 8 states:
"Congress shall...... have the power to coin money, regulate the value
thereof."
The authority is granted and vested only in the U.S. Congress. On April
19,
1982, the U.S. Court of Appeals, Ninth Circuit Court ruled the "Federal
Reserve Banks are privately owned, locally controlled corporations"
(Lewis vs. U.S.)
Chairman Louis McFadden of the House Banking and Currency Committee,
addressed the House on 6/10/32.
"Some people think the Federal Reserve Banks are U.S. government
institutions. They are not government institutions. They are private
credit monopolies which prey upon the people of the U.S. for the benefit
of themselves and their foreign and domestic swindlers, and rich and
predatory money lenders." (75 Congressional Record 12595-12603)
William P.G. Harding, Governor of the Federal Reserve Board stated in a
speech delivered before the Washington Chamber of Commerce in1921, :
"From a legal standpoint these banks are private corporations, organized
under a special act of Congress, namely, the Federal Reserve Act. They
are not in the strict sense of the word Government banks." This "special
act" by Congress in 1913 is in direct violation of 16 Corpus Juris
Secundum, Section 141, which states that Congress cannot delegate or
sign over its authority to any individual, corporation or foreign
nation. Yet that's exactly what occurred in December of1913 by a select
group of individuals in the U.S. Congress. That "special act" has
become the biggest fraud in the history of this country.
William H. Fokler (Manager of Public Affairs, Department of Treasury,
Bureau
of Engraving & Printing, Washington DC):
"It is mathematically impossible to pay off the "national debt. As we
have advised, the Federal Reserve is currently paying the Bureau
approximately $23 for each 1,000 notes printed. This does include the
cost of printing, paper, ink, labor, etc. Therefore, 10,000 notes of
any denomination, including the $100 note, would cost the Federal
Reserve $230. In addition, the Federal Reserve must secure a pledge of
collateral equal to the face value of the notes."
In ordering these notes into existence, by sending a purchase order to
the Bureau of Engraving for 10,000 notes, at a total cost of $230 to the
Federal Reserve, this private banking cartel, not the government of We
the People, thereby obtains a pledge of collateral equal to their face
value of $1 million! This "pledge" is made to the Reserve cartel by
Congress and the collateral to which Congress pledges is the land, labor
and assets of the American people. What a racket!
This private entity known as "the Fed," was incorporated in 1914 and has
been creating a completely unnecessary "national debt" ever since.
Simply stated: The Fed creates money as debt. The Fed creates money out
of thin air. This is accomplished at the stroke of a pen with nothing
more than a book entry, when the members of the Federal Reserve System
make loans to the government, to the banks, to businesses and to
individuals. This debt money is the money supply.
The Federal Reserve Systems' banks charge usury on the created debt
money.
We American citizens are obligated to repay this debt money, plus the
usury (interest). However, the money to pay the usury on the debt is
never created within the system. Loan repayments to banks reduce the
money supply, because the money is removed from circulation when the
debt is repaid! To keep the money supply from shrinking, more borrowing
is necessary. It is mathematically impossible to pay off the aggregate
debt principle plus the aggregate usury.
In a futile attempt to avoid the day of reckoning, borrowers are forced
to take on increasing amounts of debt to pay not only the principal of
the debt, but the onerous usury as well. Debt escalates at an
exponential rate until the borrowers are forced into bankruptcy. This
phenomenon is not unique to government borrowing, but applies as well to
individuals and business. The ultimate consequences are involuntary
unemployment, inflation, burdensome usury rates, and the calculated loss
of our inherited rights and freedoms, and the confiscation of our
property.
According to Daniel Webster:
"A disordered currency is one of the greatest political evils. It
undermines the virtues necessary for the support of the social system,
and encourages propensities destructive to its happiness. It wars
against industry, frugality and economy, and it fosters evil spirits of
extravagance and speculation. Of all the contrivances for cheating the
laboring classes of mankind, none has been more effectual than that
which deludes them with paper money."
(Congressional Record, March 4, 1846)
This is what we now have and if We the People don't force Congress to
rectify this matter, the whole house of paper money is going to fall
down around our heads in a few short years. The ultimate mathematical
equation is complete and total bankruptcy or all but the elite few. Tens
of thousands of Americans have been begging Congress after Congress to
stop this fraud for over 30 years. All we have received is more and
more taxation to feed this monster and the debt it creates.
Lewis T. McFadden, Chairman of the House Banking Commission, U.S.
Congressman, speaking about the international financial conspirators,
during the very time they were taking over the monetary control of
America:
"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, hereinafter called the Fed. They are not government
institutions. They are private monopolies which prey upon the People of
the United States for the benefit of themselves and their foreign and
domestic swindlers; rich and predatory moneylenders." (McFadden died
mysteriously in 1936 after three attempts on his life.)
George W. Malone, U.S. Senator from Nevada speaking before Congress in
1957 alluded to the families that secretly own the Federal Reserve Bank
and control the finances of the U.S.:
"I believe that if the people of this nation fully understand what
Congress has done to them over the past 49 years, they would move on
Washington, they would not wait for an election.. .. It adds up to a
preconceived plan to destroy the economic and social independence of the
United States."
By the year 1995, 100% of every federal income tax dollar you are
coerced to
pay will go just to service the interest on the national debt. Larry
Burkett, The Coming Economic Earthquake, pg. 90.
"The actual deficits are almost twice as large as those admitted by the
government. So why hasn't our economy collapsed" Because the American
people still have confidence in 'the system.' The heart of the system
depends on borrowing to fund the budget deficits each year. The
interest on a $3 trillion debt amounts to $240 billion annually, or
about 40 percent of all personal income taxes paid. When this debt
swells to $20 trillion in nine years or so, the annual interest will be
$1.6 trillion, or about 200 percent of all personal income taxes
projected for that year (at a 33 percent rate)."
We have yet to pay a dime toward the principal of this alleged debt,
and because of the modern banking miracle of compounding interest, the
debt continues to rise unabated. Whose debt is it anyway? Is this what
you work your fingers to the bone for -- to pay usury to a private
groups of bankers who make up the Fed?
Some of those stockholders are identified as:
Rothschilds of London and Berlin,
Lazard Bros - Paris,
Israel Mossesschieff - Italy,
Kuhn and Loeb - Germany,
Warburg - Hamburg,
Lehman Bros - NY,
Goldman and Sachs - NY and
Rockefellers - NY.
Not you nor I, not America, not the U.S. government, but a consortium
of private international banking families and their stockholders. The
Federal Reserve System takes in about a trillion dollars yearly. Yet a
manipulated and cowardly and perhaps venal Congress gives them special
exemption from paying any taxes on the illegally obtained income. They
pay only real estate taxes while what we pay to make them rich beyond
your wildest imagination, and Americans slide further and further into
personal bankruptcy and despair. The Fed violates your 13th Amendment
Constitutional rights by placing We the People into involuntary
servitude. By forcing us to use an illegal medium of worthless
currency, indebted with interest that can never be paid back, we are
placed into involuntary servitude to these private individuals who own
the Fed and its branch banks
Charles A. Lindbergh Sr. at the time of the passage of the Federal
Reserve Act in 1913.
"This Act establishes the most gigantic trust on earth. When the
President signs this Act the invisible government by the money power,
proven to exist by the Money Trust Investigation, will be legalized.
The new law will create inflation whenever the trusts want inflation.
From now on depressions will be scientifically created."
Frank Vanderlip, Saturday Evening Post, February 9, 1935, Pg. 25.
The Federal Reserve System was planned in secrecy. "Despite my views
about the value to society of greater publicity for the affairs of
corporations, there was an occasion, near the close of 1910, when I was
as secretive, indeed as furtive, as any conspirator ... our secret
expedition to Jekyl Island as the occasion of the actual conception of
what
eventually became the Federal Reserve System."
Colonel Edward Mandell House, Foreign Affairs Advisor to President
Woodrow Wilson, chief architect of the Council on Foreign Relations, and
author of the book Phillip Dru, Administrator: A Story Of Tomorrow,
advocating "socialism as dreamed by Karl Marx," is also characterized as
"the unseen guardian angel of the Federal Reserve Act," according to
House's biographer, Charles Seymour in The Intimate Papers of Colonel
House.
FDR in a letter to House on October 23, 1933, stated:
As a matter of fact, "The real truth of the matter is, and you and I
know, that a financial element in the large centers has owned the
governments of the U.S. since the days of Andrew Jackson (which history
depicts as the last truly honorable and incorruptible American
President).
The Federal Reserve is Independent In Its Operations. Gary Allen, "None
Dare Call It Conspiracy. "
"Neither Presidents, Congressmen, nor Secretaries of the Treasury
direct the
Federal Reserve. In the matters of money, the Federal Reserve directs
them."
Congressman Wright Patman
In the United States we have, in effect, two governments... We have the
duly constituted Government... Then we have an independent,
uncontrolled and uncoordinated government in the Federal Reserve System,
operating the money powers which are reserved to Congress by the
Constitution."
The Federal Reserve Is A Government Granted Private Monopoly. G. Edward
Griffin, The Capitalist Conspiracy, Pg. 17.
" By law, the seven members of the Federal Reserve Board are appointed
by
the President for a term of fourteen years each. In spite of the
incredible length of these appointments, nevertheless, they are supposed
to create the illusion that the people, acting through their elected
leaders, have some voice in the nation's monetary policies. In
practice, however, every President since the beginning of the Federal
Reserve System has appointed only those men who were congenial to the
financial interests of the
international banking dynasties.
Henry Ford, founder of the Ford Motor Company, commenting on the
privately
owned "Federal" Reserve scam:
"It is well enough that people of the nation do not understand our
banking
and monetary system, for if they did, I believe there would be a
revolution
before tomorrow morning."
The Federal System Has Never Been Audited
Congressman Wright Patman, Congressional Record May 5, 1975.
"In its 60 - year history, the Federal Reserve System has never been
subjected to a complete, independent audit, and it is the only important
agency that refuses to consent to an audit by the Congress' agency, the
General Accounting Office... GAO audits of the Federal Reserve will,
moreover, fill the glaring gap that now exists in our information about
the Fed's activities and programs. As things now stand, the only
information that we get on programs of the Fed is what the Fed itself
wants us to have."
Ask yourself: How can an alleged agency of the federal government of
the United States operate for 80 years without ever being audited?
Simple. Since the Fed is privately owned, our Congress does not have
the power to enforce an audit.
What The Fed Says About Itself
Some of the most informative materials available on the topics of
money,
inflation, interest, banks and banking, are issued by the twelve Federal
Reserve District Banks. Most materials are available free of charge.
Many larger metropolitan cities have a local Fed Branch Bank. You are
encouraged to walk in and ask to speak to the Public Relations Manager.
His job is to answer your questions and furnish you with any materials
you may desire, relevant to banks and banking, interest (usury),
inflation, money and currency. If you take the time to research, you
will be utterly amazed at what you will discover!
Pre Federal Reserve History
Prior to the "Federal Reserve Act of 1913, the United States Government
coined, and issued our currency debt free. The only lawful and
Constitutional material for money were gold and silver. The Free
Coinage Act of 1792 established a standard weight, purity, and
denomination for the nation's money.
The authority of Congress was set forth in Article 1, Sec 8 and 10 which
state: "The Congress shall have Power To coin Money, regulate the Value
thereof, and of foreign Coin, and fix the Standard of Weights and
Measures."
"No State shall.... coin Money, emit Bills of Credit, make anything but
gold and silver Coins for Tender in Payments of Debts."
Precious metals such as gold and silver have been the most highly prized
means of a monetary exchange for many centuries. They are "honest
money." By mining the earth, one exchanges their God-given talents and
resources for wealth. That wealth can then in turn be exchanged for the
goods and services honestly produced by another individual's talents and
resources. The Free Coinage Act of 1792 dramatically simplified the
process of issuing a standard coin into circulation. At no cost, the
individual could take his silver or gold dust, shavings, or bullion, to
the mint, and have it melted down and
pressed into coin. Now it was guaranteed to be a standard weight and
purity.
What Is Money
Ever wonder just what money is? Let's look at some common definitions:
USC Title 12 Sec 152:
"Lawful money of the United States shall be construed to mean gold and
silver coin..."
Black's Law Dictionary:
"Coins and paper currency used as circulating medium of exchange, and
does
not embrace notes, bonds, evidence of debt..."
What we readily see from these definitions is that paper cannot be
money. What we carry in our pockets -- Federal Reserve Notes are
disqualified as money, because they are notes. A note is an IOU -- an
evidence of debt. It is not money! Why then do we call it money? Have
we been tricked?
While president, JFK issued an executive order to the Treasury to issue
United States Notes to bypass the Federal Reserve and its Federal
Reserve Notes. But that order was rescinded when JFK was thereafter
assassinated in an elaborate plot involving several sharpshooters with
high powered weapons at different locations firing at the exact time
Oswald was firing. The motivation for JFK's assassination is still
deemed to be a "mystery."
The Free Coinage Act specified money to be gold or silver coin, and the
denomination is to be based upon a weight -- a dollar, and all coins
were to be at least 90% pure. The dollar is specified as: Gold -- 25.8
grains Silver -- 412.5 grains.
Between revenues generated from loaning to private banks at a set
interest rate and revenues generated by excise taxes, military sales,
etc., the government of our nation does not need to charge one penny in
personal federal income tax. The personal income tax is Socialistic in
design and goes against everything the founding fathers of this nation
believed in and created the Constitution for -- to allow us taxation
with representation and to never allow private or foreign interests to
control our money systems.
As a practical matter, Money is an artifact of no intrinsic value, that
is meant to be used in a FOOD scarce marketplace in order to DENY access
to a less than sufficient GDP (all of which is naught but a derivative
of FOOD) to those least deserving, simply because there is not enough to
go around. It is tantamount to a "ticket of access" to GDP, no
different than "tickets of access to theaters. This is managed by not
issuing any money to those least deserving.
However, when there is enough and more than enough GDP for all, there is
no
moral or valid reason whatsoever for denying access to GDP to anyone, no
matter what he has done or not done. To deny access to anyone in that
case is the paramount result of
the misery, crime and violence by those rejected people who are merely
asserting their right to attain a "living" also.
In such a situation of abundance, as we've enjoyed for the last
century, there is no longer any need for money at all, as there is no
need to DENY anyone access to a burgeoning GDP. There is no need at all
for the entire financial industry, an industry that has no record ever
of contributing one iota of benefit to society.
Thomas Jefferson stated:
"Single acts of tyranny may be ascribed to the accidental opinion of a
day.
But a series of oppressions, begun at a distinguished period, and
pursued
unalterably through every change of ministers (administrations), too
plainly
proves a deliberate systematic plan of reducing us to slavery."
Is this not exactly the plan implemented with the so-called "Federal
Reserve
Act of 1913," and the creation of the income tax?
Abraham Lincoln stated:
"The privilege of creating and issuing money is not only the supreme
prerogative of Government, but is the Government's greatest creative
opportunity. By the adoption of these principles, the taxpayers will be
saved immense sums of interest."
Why was a personal, progressive income tax placed upon We the People in
1913; the same year as the Fed came into being? How else could the
kingpins
of the Fed finance all this usury charged against the bogus currency?
Simple. Start taxing the people and calling this illegal scam a
"national
debt." How else to exercise a firm control over the people than by
threatening their very "living" via "taxation" despite the fact that
people
do NOT create money as once they created Food, the original subject of
taxation.
Contrary to IRS opinion and the propaganda espoused by the insiders,
the
16th Amendment to the U. S. Constitution was never ratified. Bill
Benson and
Red Beckman, two dedicated patriots, went to 48 states' legislators and
found
out something very shocking -- only 4 states voted for the 16th
Amendment.
Their exhaustively researched document, The Law That Never Was, Vols. 1
& 2,
demonstrate beyond a shadow of a doubt that the 16th Amendment was never
properly ratified as a Constitutional Amendment. It was simply declared
to
be "in effect" by President Taft's Secretary of State.
It is unconstitutional for the U.S. government to directly tax wages
and
earnings. Even if it was valid, the 16th Amendment does not change the
Constitution, for it is an excise tax on income derived from revenue
taxable
activities, interest, gains and profits.
"Title 26 of the U.S. Code is referred to as the Internal Revenue Code.
Even though Americans believe they are law in the 50 states of the
Union,
they are not.."
NCBA Bulletin, May 1988.
"Deceptive statements by IRS spokesmen and other propagandists have
created
great confusion as to whether these limitations on direct taxes are
still in
effect. Some incorrectly claim that the 16th Amendment (the Income Tax
Amendment) changed the constitutional limitations on direct taxes and
authorized an income tax as a direct tax without apportionment. The
U.S.
Supreme Court rejected these claims in the case of Brushaber v. Union
Pacific
RR. Co., 250 US 1, when they ruled that the 16th Amendment created no
new
power of taxation and that it did not change the constitutional
limitations
and that it did not change the constitutional limitations which forbid
any
direct taxation of individuals."
The Federal Tax Lien Act of 1966, P.L. 89-719 legislative history, Pg.
3722
states, "The entire taxing and monetary systems are hereby placed under
the
Uniform Commercial Code."
On page 3 of the 1993 Instructions for Form 1040 is a statement by the
Commissioner of the IRS, "You are among the millions of Americans who
comply
with the tax law voluntarily." "Thank you for making this nation's tax
system the most effective system of voluntary compliance in the world."
Meaning the greatest population of sheep.
The American Heritage Dictionary defines "voluntarily" as:
"1) Arising from one's own free will: 2) Acting on one's own
initiative: 3)
Acting or serving in a specified capacity willingly and without
constraint."
If the IRS's own Commissioner states that We the People comply with
their
law voluntarily, why is it that those who don't comply voluntarily are
prosecuted, bankrupted and thrown into prison?
Why are Americans forced to surrender their rights under the supreme
law of
the land, the U.S. Constitution by an agency that has no authority under
the
U.S. Constitution or by any powers granted by the U.S. Congress?
Being coerced and forced to submit a signed tax return violates your
Fifth
Amendment rights under the U.S. Constitution. As soon as you sign and
submit
a tax return, you give the IRS license to use this information against
you in
a court of law. Unconstitutional. The Fifth Amendment states you
cannot be
forced to give incriminating evidence against yourself. Why are 110
million
"taxpayers" putting up with this from 535 people in the Congress? This
is
OUR country, We the People.
Do we really need a personal income tax to fund the essential functions
of
our government? Let's take a look at the numbers provided by the
Department
of the Treasury and the Office of Management & Budget, as a result of
Freedom
of Information Act request made in February 1993.
Income tax collected in 1992 -------------$476,500,000,000
Deficit -------------------------------------$766,668,000,000
National Debt
(on-budget, not available off-budget) ----- $4,200,000,000,000
REVENUES & EXPENDITURES WITHOUT INCOME TAX
Receipts without personal income tax -- $615,227,000,000
Outlays (including "national debt") current spending without cuts,
including
Soc. Sec. ------------------------------------------- $1,381,895,000,000
Eliminate phony "national debt" -----------$350,000,000,000
Eliminate Medicare/Medicaid, implement a national health care program
for all
of us, funded by excise tax ----------------------$292,000,000,000
Eliminate NEA, Foreign Aid, Immigration, privatize the FAA, Post Office
&
others
--------------------------------------------------$250,000,000,000
Surplus ----------------------------------- $125,332,000,000
Even if the "money" we have now was arbitrarily deemed valid, how much
should be issued and distributed? Simply determine how much is necessary
for
anyone to earn a decent and satisfactory to him living, multiply that by
the
population, everyone without exception, and there is the figure. If a
decent
living by today's standards is $100,000 a year, then for 255 million
people
(whatever is the number) that would total a yearly expenditure of
$25,500,000,000,000 a sum easily imagined, from its source, the Bureau
of
Engraving, with no need for taxes whatsoever, no "national debt," no
"budget
deficit.".
Thomas Jefferson said:
"I believe that banking institutions are more dangerous to our
liberties
than standing armies. Already they have raised up a monied aristocracy
that
has set the government at defiance. The issuing power should be taken
from
the banks and restored to the people to whom it properly belongs."
Income tax is designed to break the will and the spirit of the people,
making it easy for an oppressive government to subjugate the masses. In
this
nation, one is no longer rewarded for hard work and entrpreneurial
drive.
Work harder, work smarter, earn more money, and you'll get whacked with
a
punitive high tax bracket.
Ever wonder why it's so hard to get good service anymore? Does it seem
that
no one cares; that no one's really interested in taking pride in their
work
anymore? In undermining our motivation,our enthusiasm, our pride, it is
the
hope of the banking insiders that the income tax will so erode our will
that
we the American People will simple shuffle along without a whimper
.President James Garfield:
"Whoever controls the volume of money in any country is master of all
its
legislation and commerce.
Abraham Lincoln:
"We the People are the rightful masters of both congress and the courts
--
not to overthrow the Constitution, but to overthrow the men who pervert
the
Constitution."
George Washington:
To sin by silence when they should protest makes cowards of men."
James Madison:
"Against the insidious wiles of foreign influence, the jealousy of a
free
people ought to be constantly awake; since history and experience prove
that
foreign influence is one of the most baneful woes of Republican
government."
FDR:
"I believe there are more instances of the abridgement of freedom of
the
people by gradual and silent encroachments of those in power than by
violent
and sudden usurpations."
[U.S. Supreme Court in American Communications Association v. Doud, 339
U.S.
302, 442]
"Among us today is a concentration of private power without equal in
history
and is growing. This concentration is seriously impairing the economic
effectiveness of private enterprise as a way of providing employment for
labor and capital as a way of assuring a more equitable distribution of
income and earnings among the people of the nations as a whole. Private
enterprise is ceasing to be free enterprise."
"It is not the function of our Government to keep the citizen from
falling
into error; it is the function of the citizen to keep the government
from
falling into error."
To sum up -- so long as real Goods, GDP are kept in greater supply than
human demand, as it has been for the last century, then all money
considerations are irrelevant, including especially, the entire
financial structure that has become a cancer upon the body politic. |
