Money Matters: The Federal Reserve

It's a little known fact that the United States Government does not print the money we all love to spend.

Contrary to popular belief and despite Article 1, Section 1 of the US Constitution, which grants Congress explicit powers to coin and regulate money, the responsibility has been delegated to the jurisdiction of a private company quite expressly since December 23rd, 1913 when President Woodrow Wilson sold his country for campaign contributions from some of the most powerful and insidious men in America.

Wilson, for his part, later acknowledged his role in the crime when he stated—

"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."

In order to more thoroughly understand the source of Old Woodrow's gloom, one should really check out Paul Grignon's, Money as Debt and Peter Joseph's, Zeitgeist Addendum, but a summary explanation of the trouble goes as follows—

Since Wilson's blooper in 1913, American currency has been loaned to the government by a private institution known as the Federal Reserve or "The Fed." But don't let the name fool you. They're about as federal as FedEx and much harder to stomach once you're hip to the game.

Actually, the Federal Reserve is a conglomeration of foreign bankers, a private company pursuing private interests just like McDonald's or Walmart, except that instead of slinging Big Macs and can openers, they print worthless paper money out of thin air and loan it to the government at interest. And since they're the only ones entitled to print money anymore, all the money to pay back the interest on the loan has to come from them also...at more interest! 


In other words, when the government borrows a dollar from the Federal Reserve, they do so with the understanding that the taxpayer must pay back a dollar plus interest. And where does the money to pay back the interest come from? The same bankers who issued the first dollar with another interest rate attached to the second one. The short end of it is a never-ending cycle of debt from which it is mathematically impossible to escape.

The real world consequence from the perspective of Joe Citizen is a lifetime of perpetually increasing debt, scarcity, and work. In a word? Slavery.

In this system you are nothing more than a bolt or a cog in a machine engineered in the interest of profit for a few men. Furthermore, the government they have purchased is merely an instrument for your manipulation.

While some of you might scoff at the ramifications of such an accusation. Ask yourself, is it really so hard to believe?

When was the last time you saw a politician change the system in any meaningful way to improve the quality of life for the people of this country? I'll wait... Is it not readily apparent to even the most casual observer that corporations have established a disturbing level of influence over government? Is it not clear that their loyalties do not reside with you and I?

These now prophetic words from former Congressman Louis McFadden sum up the issue quite nicely:

Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.

The diligent-minded should research the story of Congressman McFadden, an adamant enemy of the Fed and a true representative of his country. The idle might, at the very least, note that after several assassination attempts McFadden finally died by poisoning after a banquet in 1936.

To further validate the notion of Fed supremacy over the government, take a look at an excerpt from an interview with Alan Greenspan, former chairman of the Federal Reserve.

This whole central banking conflict is hardly a new phenomenon.

One poorly explored fact about the American Revolution is that resistance of the Founding Fathers to the formation of a central banking system; King George's attempt to subjugate the colonies under the Bank of England was one of the direct causes of the war.

In the words of Benjamin Franklin—

"The refusal of King George III to allow the colonies to operate an honest money system, which freed the ordinary man from the clutches of the money manipulators was probably the prime cause of the revolution."

Even afterwords, the first patriots worked diligently to prevent infiltration by bankers and repeatedly denounced them as agents of corruption.  Several times in history they were able to acquire a foothold only to be cast out by the watchful eyes safeguarding a fledgling nation.

This most recent incarnation forever changed the trend and sent America spiraling into a despotism far more miserable and surreptitious than any hardship she had been birthed to circumvent.

As Thomas Jefferson put it—

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and 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."

Jefferson uttered those words in the late 18th century but they likely ring truer today than they ever have. So take heed. This is but one of the many things you are not supposed to know. Do yourself a favor. Throw away your television and wake up.

The matrix really has you.