The Federal Reserve Myth (The Truth of the Matter is)

First let me introduce myself to all of you. My name is Brother John and I have been allowed to
post to this blog as an independent contributor. The opinions that I write on are mine alone and may not be shared by the site or its editor.

I come from the baby boomer generation and recently retired after 33 years as an Industrial firefighter for one of the largest Fortune 500 companies in the world. For almost 20 years I ran a "line of business" within the fire department. I was a direct report to the Fire Chief and to the companies Insurance Carrier. I controlled a $3 to $6 million dollar a year budget and acted in the following capacities all at the same time; I was a Capital Manager, a Non Capital Budget Manager, Project Manager, the department Capital Depreciation & Asset Manager (with control over approximately $20 Million) in department assets, and the Department Internal Inventory Auditor. Also sat on 4 corporate committees; Fire/Engineering Committee, Life Safety Alarms Committee which I chaired, Committee for Corporate Compliance of Sarbanes-Oxley and the Corporate Asset Reduction Committee. During this time frame I taught adult education for 20 years, as well as spending 10 years on the Board of Directors for a public school district (an elected position). I did this all with an Associates of Applied Sciences Degree and a lot of independent studies and research.

My goal here is not to jack myself up or to bore readers with my petigery. It is to give you the reader an idea of where I have been and to tell you 2 important rules:

The first is "NEVER BELIEVE A POLITICIAN OR THE NEWS MEDIA WITHOUT DOING YOUR OWN RESEARCH" and the second rule is "NEVER REPEAT WHAT A POLITICIAN OR THE NEWS MEDIA SAYS WITHOUT DOING YOUR OWN HOMEWORK".

Why you ask? Because they are both there to take your money without giving to you anything in return.

Anyway on with the topic at hand. I have copied this article from the website "Liberty Alert" by Bob Livington because I doubt that the Media in this country will report on it and you should know that this bill exists.

"Rep. Ron Paul is pushing a bill (H.R.1207) that calls for the comptroller general of the United States to audit the Federal Reserve. And the bill is gaining steam as more members of Congress, both Democrat and Republican, sign on".

"The bill is called the Federal Reserve Transparency Act of 2009, and it requires an audit of the Fed’s Board of Governors and the Federal Reserve Banks be completed and reported to Congress by the end of 2010".

"The Federal Reserve is a "government-established private entity" that can enter into agreements with foreign central banks and foreign governments. However, no agency has oversight over the Fed and the Government Accounting Office is prohibited from auditing or viewing any agreements. So no one, except for the Fed’s Board of Governors, truly knows what’s going on there".

"According to reports, Paul says every problem with the American economy from the Great Depression to the current crisis results from Federal Reserve policy. It’s true. The Fed’s manipulation of money has led to inflation and a devaluation of the dollar that’s robbed the American people of their wealth".

"No less an expert than former Fed Chairman Alan Greenspan agrees. In a 1966 essay entitled Gold and Economic Freedom, Greenspan wrote":

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.”

"The Constitution gives Congress the right “to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures” in Article 1, Section 8, Paragraph 5".

"The Fed is a non-constitutional institution created in 1913. It was given a monopoly on the issue of all bank notes, and national and state banks could only issue deposits redeemable in Federal Reserve Notes or gold (gold ownership was outlawed 20 years later then reinstated in 1975). All national banks were forced to become members of the Federal Reserve".

"The U.S. Government is out of control in many respects, and the Federal Reserve is one of them. Congress’ policies of increasing spending to prop up failing businesses, fund entitlements and expand government and pay for it by having the Fed print fiat money (money no longer backed by gold) are responsible for the loss of trillions of dollars of wealth around the globe".

"This bill by Paul—now co-sponsored by 28 legislators—is a step toward fiscal responsibility. Perhaps, if it passes, the bill will show the masses the great fraud that has been perpetrated on them for the last 96 years".

"Once that is done maybe, just maybe, a loud hue and cry from the masses will ensue, our country will go back to a gold standard, and some of the madness will end."

-END-

"The truth of the matter": IS that the "Banking System" goes all the way back to Abraham Lincoln. In 1862 Lincoln was in need of funding for the North for the Civil War. He traveled to New York to sign a loan agreement with the Banks of England owned by the Rothchilds. The interest on the loans were set at 24 to 36 percent. In 1862 to 1863 Lincoln had the Congress authorize the treasury to print $400,000,000.00 in federal notes known as "Greenbacks" at no interest. The British banking communities were fuming and quick to respond by supporting the Confederacy. The London Times wrote, "If this mischievous financial policy which had its origin in North America shall become a fixture that government would furnish its own money without cost. It would pay off debts and be without debt, it would have all the money necessary to carry on its commerce. It would become prosperous without precedent in the history of the world. That country must be destroyed or it will destroy." To counter the British move. Lincoln announced his "Emancipation Proclaimation" which placed the British International Financiers into full retreat. Shortly after the end of the Civil War Lincoln intended to refinance the recontruction of the South with government issued Greenbacks when he was assassinated. John Wilkes Booth may have pulled the trigger but speculation is that he was hired by the British Banking Community who stood to lose millions in interest loans from the reconstruction contracts.

On word of Lincoln's death the leader of Germany's government, Chancellor Otto Van Bismark wrote that, "The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it systematically to corrupt modern civilization. They will not hesitate to plunge the whole of Christendom into wars and chaos in order that the earth should become their inheritance."

It would appear that Von Bismark's comment came true faster than even he predicted when after Lincoln's death, the Greenbacks were taken out of circulation and Congress authorized the "National Banking Act."

Since Lincoln's death, has history repeated itself? (It may well have!!) Not ONCE NOT TWICE, BUT THREE TIMES.

In 1881, James Garfield became President and challenged the banking system. He was assassinated just four months into his presidency when he publicly commented, "Whoever controls the volume of money in any country becomes absolute master of all industry and commerce and when you realize that the entire system is very easily controlled in one way or another by a few powerful men at the top, you will not have to be told how periods of inflation and depression orginate".

In 191o there was a meeting held on Jekyll Island of the coast of Georgia that was so secret that participants took different routes to New Jersey and boarded a train with a private car, the shades drawn and identifiing themselves by only using thier first names. Thier distination was Brunswick, Georgia and a small island that was owned by the some of the rich & famous of the Banking elite as a club. The attendees were Senator Nelson Aldrich, his personal secretary Arthur Shelton, former Harvard University Profressor of Economics Dr. A. Piatt Andrew, JP Morgan & Co. partner Henry P. Division, National Bank President Frank A. Vanderlip and Paul M. Warburg of Kuhn, Loeb, and Co. The sole purpose of the meeting was to come up with a national banking system that looked and acted like a federal government institution but was privately owned and behold the Feaderal Reserve was born and sign into law in 1913 by Presient Woodrow Wilson who on his deathbed was reported as sayng, "I've unwittingly ruined my country".

During the depression FDR barrowed from the Federal Reserve to help finance his "NEW DEAL" strategies but this time the government was charged interest on the loans.

At this point you might want to ask yourself, "Why the federal government would pay interest on its own money?"

And finally I said that History may have struck three times. In 1963 President Kennedy signed an executive order #11110 which amended an executive order #10289 signed in 1951 that gave the Presedent the power to create his own money to run the country that would be debt and interest free. I remember the rubarb that surrounded this action and that the notes had aready been printed and were being stored in a vault at the US Treasury. It was but a short time later in November of 1963 that Kennedy was assassinated. Clearly his goal was to topple the Federal Reserve and the International Banking Cartel but the notes were never released and apparently the plan died with him.

Now I challenge you do your own homework and researach on the subject and let me know what conclusions you can draw.

The following sources were used to research this essay:

Jeckyll Island History by Tyler E. Bagwell

Web of Debt-The Shocking Truth About Our Money System by Ellen Brown

Abraham Lincoln's Bank War by Anton Chaitkin

Abraham Lincoln & JFK by Melvin Sickler

Jewish Capitalism and Presedent Lincoln by Paragory.com

How International Bankers Gained Control of America, From a Video Script Produced by Patrick S. J. Carmack , Directed by Bill Still, Royalty Production Company 1998

-BrotherJ-