Part 4
On June 5, 1933, Congress confirmed the bankruptcy. (through the "Joint Resolution to Suspend The Gold Standard And Abrogate The Gold Clause, June 5, 1933"). This was HJR 192, 73rd Congress, 1st session.
Then, through another EO issued by President Johnson in 1968, silver backing was removed from our currency. This made the country insolvent. The Fed issues currency no longer redeemable for silver. Furthermore, the Fed is not a government institution.
You will never find them listed in phone directories under "government offices". It is a private corporation owned by approximately 300 Class A stockholders. These people own the Fed by owning the stock of the largest member banks in the New York Federal Reserve Bank, which, for all practical purposes, is the Federal Reserve.
The controlling interest is held by less than a dozen international bankers, whose names, until recently, was one of the best-kept secrets of international finance:
1. Rothschild Banks of London & Berlin
2. Lehman Bros. Bank of N.Y.
3. Lazard Bros. Banks of Paris
4. Kuhn, Loeb Bank of N.Y.
5. Israel Moses Sief Banks of Italy
6. Chase Manhattan Bank of N.Y.
7. Warburg Bank of Hamburg & Amsterdam
8. Goldman, Sachs Bank of N.Y.
The most influential of the European interests is the Rothschild family in London. Each of the American interests is, in various ways, connected to this family, including the Rockefellers, who are by far the most powerful of the Fed's American stockholders (primarily through the Chase Manhattan Bank).
Thomas Jefferson issued this warning:
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
Today, less than 2% of Americans own their homes.
The Fed, like other central banks, uses a system called "fractional banking." Deposits become the "fraction", allowing the system to "create" as much as 770% of that deposit:
i.e.: a $1,000 deposit becomes approximately $7,700 a $10.000 deposit becomes approximately $77,000.
In addition, examine the "amount due" on your property tax statement: You will not find a dollar sign affixed to that "amount".
Why? The Currency Act of 1792, which has never been revoked, defines a dollar as 412.5 grains of 9/10 fine silver (originally 371.25 grains of 11/12 fine silver). Federal Reserve Notes are not redeemable in silver. To affix a dollar sign to the "amount due" would be fraudulent. They know this ‹ and you don't.
Article 1, Section 8, Clause 5 says that only Congress has the power to..."coin money, regulate the value thereof...and fix the standard of weights and measures.' Article 1, Section 10, Clause 1 says that No State shall...make anything but gold and silver coin a legal tender in payment of debts..." The Federal Reserve operates in violation of the Constitution.
Since Col. House helped establish the Federal Reserve Act, and believed in socialism, is the central bank concept Marxist?
Plank 5 of Karl Marx's Communist Manifesto reads:
"Centralization of credit in the hands of the State, by means of a national bank with State capital, and an exclusive monopoly." ‹ communist Manifesto by Karl Marx
House also knew, that in addition to controlling a nation's monetary system, a method of taxation had to be established, and in 1913, the 16th Amendment was passed.
This graduated income tax was hailed by proponents as a "tax on the wealthy" (sound familiar?). Nothing could have been farther from the truth. As with the passage of the Federal Reserve Act,
"Big Business" and the Wall Street bankers publicly denounced, but privately funded its promotion and passage. Why? Through their influence in government circles, they insured the necessary loopholes in the bill were included - tax-exempt foundations. By the time the 16th Amendment was passed, they had already established the Rockefeller and Carnegie Foundations.
Their wealth was allowed to compound tax-free while their competitors were saddled with tax burdens. The Amendment also allowed Congress to increase and broaden the tax on the general public.
Until 1929, the size and cost of the Federal government was Constitutionally limited: it borrowed little money and paid little interest.
The Depression years following the Stock Market Crash changed all this. With the country officially bankrupt in 1933, taxes could now be broadened and increased to finance government borrowing.
Roosevelt's New Deal began the era of entitlements which are with us today.
Two points must be made here:
1) The 16th Amendment was never properly ratified. This has been proven in court. Two of the 36 states that had allegedly ratified the amendment were California and Kentucky - There is no record of California's vote, and Kentucky legislators voted against it 22-9. This violates the amendment procedure of our Constitution, Article V.
2) The 16th Amendment has Marxist roots. Plank 2 of the Communist Manifesto calls for: "a heavy progressive or graduated income tax".
Thus, the conspirators, through financial influence and brilliant deception, had established the mechanisms to: |
