The Problem with the Federal Reserve

[Mayacaman]

Back in the early 1990's, I was fortunate to be able to pick the brains of two folks, both lawyers, about the complex machinations of the Federal Reserve System. One of these lawyers had a Masters degree in Economics from Wharton. The other, a member of the Berkeley Mensa club, & a former corporate lawyer, took it upon himself, upon his retirement, to read the entire Federal Reserve Act.

Both of these fellows had advanced understanding of how the Federal Reserve System works. The Wharton graduate had been, as he put it, “taught the rules of the Temple, but didn’t want to join.”

The other one - the Mensa guy - had read the whole bloody six hundred +plus+ pages of the damned thing, constantly referring back to earlier passages when they were referred to as being either amended or annulled. It took him six months to complete this project, which he took on immediately upon retiring from his practice as a corporate lawyer.

He sifted through the whole complicated Mares Nest of the Federal Reserve Act - as it stands, with all of its many, many amendments and revisions -and recursively, item by item, unraveled, from a legal standpoint, how the System functions...

Here is what I came up with, after being instructed by these two folks, neither of whom knew the other: an article by a lay-person, written for lay-people - with flow-charts - and now safely archived at archive.org. Use your Safari Browser to access this site, if you have a Mac. I find that works best.

https://web.archive.org/web/20160324214200/http://www.paleoprogressives.org/problem-with-the-fed.html

[cyberanvil]

Here is what I came up with, after being instructed by these two folks, neither of whom knew the other: an article by a lay-person, written for lay-people - with flow-charts - and now safely archived at archive.org. Use your Safari Browser to access this site, if you have a Mac. I find that works best.

Perhaps in your next installment you could pursue the relationship between the Fed and the NWO. You know, drill down to bedrock.

[Mayacaman]

Perhaps in your next installment you could pursue the relationship between the Fed and the NWO. You know, drill down to bedrock.

All in due time, cyberanvil. For the present I'd just like to state that back in 1913, opposition to the Federal Reserve Bank was a left-wing position. It was the position of the Left wing of the Republican Party - the "sons of the wild jackass" who were excommunicated by the "top brass" out of the Republican Party in 1917, for opposing the entry of the United States into the Great War in Europe. In 1932, it was the position of the Socialist Party of America. In 1932 and 1934, a plank to nationalize the Federal Reserve Bank was in the platform of the Farmer-Labor Party of Minnesota.

All through the nineteen twenties, thirties, and forties, into the nineteen-fifties, opposition to the Federal Reserve Bank, and the push to nationalize that particular Institution, was a left-wing position. But it wasn't exclusively a left-wing position. There was also a right-wing, reactionary opposition that saw the issue in terms of an insidious "Jewish Bankers' conspiracy."

And that is how the Institute for Policy Studies - the I.P.S. - the mother ship of the New Left, which was founded in 1962 with a grant of ten million dollars from James Paul Warburg of the Chase Manhattan Bank, tends to view the whole issue. The cadre from the I.P.S. have tended to dismiss any critical analysis of the Fed as "right-wing conspiracy." I think there was a certain quid pro quo involved in that exchange. If one may fairly disapprove of the largess ladled into the contemporary 'left' by George Soros, it is fair to say that he was not the first plutocrat to corrupt the 'Left.'

If you wish to offer any information as per the relationship of the Federal Reserve System to the New World Order, Jefferson Donley, you are welcome to do so in this thread. I'll offer up my own critique as to the bona fides.

[cyberanvil]

If [/COLOR]you wish to offer any information as per the relationship of the Federal Reserve System to the New World Order, I'll offer up my own critique as to the bona fides.

https://www.conspiracyarchive.com/NWO/Federal_Reserve_McFadden.htm

Your thoughts?

[M/M]

Lots of well-reported Fed articles on this site: https://wallstreetonparade.com
Today's article: Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period

[Mayacaman]

https://www.conspiracyarchive.com/NWO/Federal_Reserve_McFadden.htm

Your thoughts?

I am aware of the career of Congressman Louis McFadden of Pennsylvania and how, back in the 1930's, he made a series of speeches on the Floor of the House exposing the machinations of the Federal Reserve Bank. The text of the speech on the link you supply is essentially true. I note that Congressman McFadden seems to have been the victim of a few assassination attempts, and that ultimately he was dispatched from this life & his career on the Hill by being poisoned.

He was not the only Congressman or Senator who spoke up pointedly against the private, Wall Street monopoly over the creation of Money & the machinations of the Federal Reserve System during the 1930's who was assassinated. Huey Long, the Senator from Louisiana died after taking a bullet in the stomach in September of 1935, in the Rotunda of the Statehouse in Baton Rouge. And blind Senator Schall of Minnesota was hit and run while being assisted across the street on a Boulevard in December of 1935, in Washington D.C.

Huey Long was a left-leaning Democrat, a Southern Populist. Senator Schall, in his own words, "never was as Red as Walter Liggett" (my maternal grandfather) who was assassinated with a machine gun in Minneapolis, on December 9, 1935, just two weeks before the untimely demise of Senator Schall himself. In the 1920's Thomas Schall had been a member of the Progressive Party of Robert LaFollette, Sr.

I will note that Walter Liggett, who was a well known Editor & Publisher, with a distinguished career in journalism, having once been named for the Pulitzer prize, was also quite aware of the fact that F.D.R. was using the Federal Reserve to finance all of the costly expenditures of the New Deal when he had the option to "Spend with New Money" {the title of one of Liggett's editorials in his weekly, "The Mid-West American."}

The National Debt stood at a mere eighteen billion dollars in March of 1933 when Franklin Roosevelt entered the White House. It had reached fifty billion dollars by the end of 1941, at the time of Pearl Harbor. At the time of Roosevelt's death, in April of 1945, the National Debt stood at a whopping two hundred and fifty billion dollars. ($250,000,000,000.)

We are still paying interest to the bond-holding class on this enormous pool of "Debt" - which was generated by the Federal Reserve Bank, the fountain of Money-creation; Money backed by the interest-bearing Notes of the Treasury Department, Treasury Notes that are liabilities of the tax-paying Public, the sheeple.

Roosevelt had the option and the power to "spend with new money" - that is, with non-interest-bearing Fiat Notes issued directly by the Treasury - the sort that Lincoln issued during the Civil War - thus adding no more to the pile of the National Debt, but he chose not to. The "National Debt" is a legal fiction. It exists in the form of U.S. Treasury Securities in the vaults of the Prime Banks, which have secured possession of these T-Bills through the operation of the Federal Open Market Committee, the Fed's window on Wall Street.

By the way, Jefferson, at the end of the article in the link you supplied, it quotes a few words from "Pelley's Weekly" This "Pelley" was the Capo of the "Silver Shirts" - a collection of home-grown American Fascists. Here you have an example of the right-wing, racist opposition to the Federal Reserve Bank posthumously commending a man, Congressman Louis McFadden, who was not among their sordid number.

Apart from that, the website of the link is a group who see the struggle as the "Illuminati versus the People." I prefer to call "THEM, Inc.," the Power Elite, the Plutocrats, the "Owning Class" rather than the "Illuminati" - which be it as it may, is just a little too rabid for my taste. To paraphrase Voltaire, 'If the Illuminati did not exist, it would have to be invented.'

[Mayacaman]

Lots of well-reported Fed articles on this site: https://wallstreetonparade.com
Today's article: Federal Reserve Admits It Pumped More than $6 Trillion to Wall Street in Recent Six Week Period

Good information, Mara, aka M/M. & good Link! Thank you. I bookmarked the link.

"...The Fed’s minutes revealed that after multiple expansions of this vast money spigot, which was previously set to lapse in January after getting the Wall Street trading houses through the year-end money crunch, instead it may be extended through April. The minutes read as follows:

“The manager also discussed expectations to gradually transition away from active repo operations next year as Treasury bill purchases supply a larger base of reserves. The calendar of repo operations starting in mid-January could reflect a gradual reduction in active repo operations. The manager indicated that some repos might be needed at least through April, when tax payments will sharply reduce reserve levels.”

Corporate and individual tax payments occur every April. The Fed offers no explanation as to why this April is different and requires a multi-trillion-dollar open money spigot from the Fed.
The Fed’s minutes also acknowledge that its most recent actions have tallied up to “roughly $215 billion per day” flowing to trading houses on Wall Street. There were 29 business days between the last Federal Open Market Committee (FOMC) meeting and the latest Fed minutes, meaning that approximately $6.23 trillion in cumulative loans to Wall Street’s trading houses had been made in that short span of time..."

[cyberanvil]

Apart from that, the website of the link is a group who see the struggle as the "Illuminati versus the People." I prefer to call "THEM, Inc.," the Power Elite, the Plutocrats, the "Owning Class" rather than the "Illuminati" - which be it as it may, is just a little too rabid for my taste. To paraphrase Voltaire, 'If the Illuminati did not exist, it would have to be invented.'
[/FONT]

The Illuminati may be better at concealment than others. A more visible group would be the Bilderberg Group or closer to home, the Bohemian Grove group. Humm?

[Mayacaman]

The Illuminati may be better at concealment than others. A more visible group would be the Bilderberg Group or closer to home, the Bohemian Grove group. Humm?

I didn’t say that the so-called “Illuminati” doesn’t exist, cyberanvil; I just meant that I prefer to keep my distance from the term. I prefer to use the old-left terms, because, in a very real way, they are cleaner; & also much more acceptable, academically…

My little Jewish socialist grandmother taught me the word “plutocrat” when I was two years old, so I have a history with the word. She used to employ the street, Brooklyn, slang version of the term: “plutes.” To me that has always spoken volumes…

Like many leftists, I was always suspicious of the Idea of an all-exclusive Men’s Club that encompasses All the Boys who have clearance & are party to the top floors of the Waldorf Astoria & Bankers Trust Building {@ 14-16 Wall Street}.

What persuaded me as to the existence of the “Illuminati” was two just books: The first was the tome, “Fire in the Minds of Men - Origins of the Revolutionary Faith” by James Billington, who was the director of the Woodrow Wilson International Center for Scholars, and then became the Librarian of Congress.

The other book was written by an Orthodox Rabbi, the late Marvin Antelman, who was also a serious Chemist, and an affiliate of Betar, the old party of Ze'ev Jabotinsky, which came to be composed of the remnant that remained after Menachem Begin formed the Likud. Rabbi Marvin Antelman's book is entitled “To Eliminate the Opiate”

So it’s not like I reject the reality of that particular formation / Men’s Club; I just don’t want to be associated with the right-wing Gentile cadre who carelessly throw the term around. - Because some of these are the same sorts of folks who carelessly use the name “Rothschild” as a synonym for the whole owning class. – And that’s a very simplistic, and potentially dangerous way to think; dangerous for the little Jews - the ones who are not members of the Club.

[Mayacaman]

In Congress: September 11, 1913

On September 11, 1913, Charles Augustus Lindbergh, Sr., the Congressman from Little Falls, Minnesota, (at the headwaters of the Mississippi River) read, before the House of Representatives, a six hour speech into the Congressional Record. In the context of the legislation that was currently before the House and the Senate – the legislation that culminated in the “Federal Reserve Act” - the elder Lindbergh proposed on that day, an alternative Bill.

On that day, September 11, 1913, the Congressman from Little Falls proposed a Resolution for a Sub-Treasury Central Bank-of-issue, a Central Bank that would have bi-passed Wall Street, and allowed the Treasury Department to issue Money without an interest-bearing Debt (in the form of Treasury Bonds) against “Our Money.”

Since the National Debt stood at only One Billion dollars in 1913, this Resolution, had it been passed by the House and Senate in lieu of the Federal Reserve Bank Bill, would have saved the American People Billions upon Billions of dollars in Interest alone, in the ensuing years since 1913. Unfortunately for us, We the People, the Congress did not vote in favor of this Alternative Bill to the Federal Reserve Act. Then, as now, the majority of Congressmen and Senators were in the pocket of "special interests" (Read "Capitalists".)

The “elder Lindbergh” as he came to be known, after his son made the first solo flight across the Atlantic in 1927, was a member of the Radical, “Western Progressive” wing of the Republican Party. In 1917, both he and Robert LaFollette, Sr., from the neighboring State of Wisconsin - another Left Republican - opposed the entrance of the United States into World War One.

On the Floor of the House and the Senate the elder LaFollette & the elder Lindbergh articulately fought the process which led the United States into the Great War. Today, they could accurately be described as both isolationists & peaceniks. Subsequently, for their labors, they were expelled from the Republican Party by the “top brass” {Read, the RNC, or the “Wall Street” wing of the Republican Party} who were intent on cashing in on War profits…

After they were excommunicated from the Republican Party in 1917, both Lindbergh and LaFollette went off, to found radical, Left Parties: the Farmer-Labor Party of Minnesota and the Progressive Party of Wisconsin, respectively. These two political parties are now both quite defunct. It is one of the tragedies of American history that these two men, who had so much in common and were allies on the Hill, did not establish One radical Third Party with staying power, to take on the controlled dialectic that is run, in the interests of Wall Street by the Duopoly, better known as the “Demo-Repubs” =OR= “Republicrats”...

In 1924 Robert LaFollette, Sr. ran for President as the Candidate of the Progressive Party. He was fully supported in that presidential bid by Eugene Debs, and the Socialist Party. Robert LaFollette received over five million votes in the 1924 Presidential race, the largest number of votes ever received by any Third Party Candidate in any presidential election in the whole of American History.

Here is the link to this Speech by the elder Lindbergh, from the on-line Bound Volumes of the Congressional Record - House, of September 11, 1913. Scroll down to page 4733 to catch the beginning of the Speech. It is a very important bit of buried History. The Photocopy (above) catches the text after a mere short sentence or two.

[cyberanvil]

Mark Evans (aka Mayacaman) writes

In Congress: September 11, 1913

Here is the link to this Speech by the elder Lindbergh, from the on-line Bound Volumes of the Congressional Record - House, of September 11, 1913. Scroll down to page 4733 to catch the beginning of the Speech. It is a very important bit of buried History. The Photocopy (above) catches the text after a mere short sentence or two.

Your diligence in research is awe inspiring. But in the end I fear the Fed will be with us for the duration. So although your research is interesting (and a bit depressing) what's a body to do?
I prefer items a bit closer to the present. Presently I am adding to my files on the rise of the Kennedy family and their connections to the Mafia. Ol' Joe was a bootlegger you know. In the end, it got John zapped.
Cheers.

[Mayacaman]

Your diligence in research is awe inspiring. But in the end I fear the Fed will be with us for the duration. So although your research is interesting (and a bit depressing) what's a body to do?

I prefer items a bit closer to the present. Presently I am adding to my files on the rise of the Kennedy family and their connections to the Mafia. Ol' Joe was a bootlegger you know. In the end, it got John zapped.
Cheers.

The Fed is certainly a fixture on the landscape - like the Rock of Gibraltar. And indeed, it may be with us for the duration. There is still room for educating the Masses about what it is and how it fleeces them. And / Also mountains may be moved...


There has not been a Day of Peace on Earth since World War One began in August of 1914. That was when the Federal Reserve Bank got to work, cranking out Credit to Finance Wars all over the Planet.


With regards to Joseph Sr, and Jack Kennedy: It is well known that Joe Kennedy, Sr. was a rum runner, but his connections were with Haig & Haig of Scotland, the stiffs of whom used to meet ol Joe's fleet of Boston Trawlers out on the Grand Banks. I don't see how that connection got John Fitzgerald Kennedy killed, in the end. If the Mafia was involved in the hit on JFK - and they may have been - it was for other reasons than family Karma.

[Mayacaman]

Although the elder Lindbergh was a Member of Congress, because of his opposition to America's entry into World War One, he was censured by Congress. In 1917, he was even excommunicated out of the Republican Party, as I have written (above). In the Spring of 1918, his books, "Banking, Currency and the Money Trust" & "Why is Your Country at War" were suppressed, and all available copies were seized & burned by Federal Agents; the printing plates to them being smashed by order of the Attorney General, Mitchell Palmer. That was one whole year before the "Red Scare" of 1919 - also accomplished by Attorney General Mitchel Palmer, under the Democrat Party regime of Woodrow Wilson.

[cyberanvil]

Mark Evans (aka Mayacaman) writes

With regards to Joseph Sr, and Jack Kennedy: It is well known that Joe Kennedy, Sr. was a rum runner, but his connections were with Haig & Haig of Scotland, the stiffs of whom used to meet ol Joe's fleet of Boston Trawlers out on the Grand Banks. I don't see how that connection got John Fitzgerald Kennedy killed, in the end. If the Mafia was involved in the hit on JFK - and they may have been - it was for other reasons than family Karma.

Joe's connection was with Mafia legend Frank Costello . Back in the day, no dirty deeds were done without Mob involvement. When Joe decided he needed help electing JFK, he turned to the Mob and made a deal. If John was elected, he would invade Cuba and the very high grossing Casinos would be returned to the Mob. This didn't happen and when Bobby was given the green light to go after the Mob, the die was cast. LBJ, the Mob and even the CIA all chipped in to erase JFK.

How did Marilyn Monroe fit in? She didn't, but her murder by the Kennedy's has an interest all of its own.

[Mayacaman]

The Waldorf Astoria

Back in the 1930's, Frank Costello had digs and kept his mistress a few flights down from the top floor of the Waldorf Astoria on Park Avenue. Frank kept his wife and daughter at his home in Queens. Lucky Luciano - who was a playboy, and had a revolving door of mistresses - had an apartment on the same floor.

Bellboys used to come down from the top floor, bearing trays with sealed envelopes telling these wise guys whom to rub out next. The trigger men generally came from Brownsville. The guys on the top floor of the Waldorf were men beyond suspicion - "all honorable men" - as the saying goes. So who were the men on the top floor of the Waldorf Astoria in the 1930's?

Well, you had the office of J.P Morgan, Jr. and the Boardroom and the Mid-town Manhattan offices of the Board of Directors of J.P Morgan & Co. You also had the business office of ex-president Herbert Hoover, who was the "most powerful man in America." You had the office of Arthur Goldsmith, who was J.P. Morgan Jr's contact man with the Communist Party, USA.

J.P.Junior had other irons in the fire. As Carroll Quigley wrote in "Tragedy and Hope" "Morgan himself, Dwight Morrow, and other partners were allied with the Republicans; Russell C. Leffingwell was allied with the Democrats; Grayson Murphy was allied with the extreme Right; and Thomas W. Lamont was allied with the Left."

So, it's no wonder that Joseph Kennedy Sr. had "connections" with Frank Costello, who had digs a few flights down from the top floor of the Waldorf Astoria. But Joe's main connections were the Men on the top floor. Those were the connections that landed him the position of Ambassador to the Court of St. James.

One must also understand that there is a distinction between the "Mafia" and the "Syndicate"{or "the Mob".} Lucky Luciano, Meyer Lansky, Frank Costello, & Benjamin Siegel had all been understudies to Arnold Rothstein. He was the one who had the Mid-town connections & the fix with City Hall and Tammany Hall. After Arnold Rothstein was killed, the Big Boys, the "Boys upstairs" adapted Rothstein's protêgés as their own, in house, plausibly deniable thugs.

After biding their time, the Four went after the big Mafia men with a vengeance. Technically, Luciano, Lansky, Costello & Siegel were not Mafia. They were called the "Syndicate" - which was run out of the top floor of the Waldorf - and was founded in December of 1933, the same month that Prohibition was Repealed. Meyer Lansky later stated "We're bigger than General Motors" - which was in-house commentary.[Keep hitting the "More Results" bar.]


Joseph Kennedy Sr. did have connections with Haig & Haig, however. That was where he got the Scotch Whisky during & after Prohibition.


What does all of this have to do with the Federal Reserve? Plenty.

Joe's connection was with Mafia legend Frank Costello . Back in the day, no dirty deeds were done without Mob involvement. When Joe decided he needed help electing JFK, he turned to the Mob and made a deal. If John was elected, he would invade Cuba and the very high grossing Casinos would be returned to the Mob. This didn't happen and when Bobby was given the green light to go after the Mob, the die was cast. LBJ, the Mob and even the CIA all chipped in to erase JFK.

[cyberanvil]

Mark Evans (aka Mayacaman) writes

So, it's no wonder that Joseph Kennedy Sr. had "connections" with Frank Costello, who had digs a few flights down from the top floor of the Waldorf Astoria. But Joe's main connections were the Men on the top floor. Those were the connections that landed him the position of Ambassador to the Court of St. James.
Joseph Kennedy Sr. did have connections with Haig & Haig, however. That was where he got the Scotch Whisky during & after Prohibition.

Another view.

Joseph P. Kennedy : Smuggler or Bootlegger?
https://smugglersbootleggersandscoff...er-bootlegger/

[Mayacaman]

In Congress, December 22, 1913

On December 22, 1913, just before the Christmas recess, the Federal Reserve Act was rushed through Congress when the House was far from full, and many Congressmen and Senators had already gone home. On that day the elder Lindbergh spoke articulately against the legislation that was soon to be the law of the land.

Here is a partial version of the text of his speech:

“…To conserve the people and their children in health, prosperity, and happiness is the real conservation problem--to conserve the products of energy for their own use, and not for the purpose of it to pay interest on credit supported by themselves, but paid to bankers and others. That is the real problem that is before Congress in the consideration of the currency bill, but the currency bill fails in this respect. It simply gives the bankers the privilege of extending credits to charge the people interest on, while the Government is to support it.

“I doubt that any Member would intentionally wrong the people but it is known that the Money Trust is adroit in its plans to defeat those who dare to oppose it. Members who oppose it are subject to all kinds of attempts to injure their reputation back in their districts. The trusts control some of the newspapers and have them and other agents at work. These libel, slander, and hatch up all sorts of schemes in the hopes to start the people themselves to making unfavorable comments about Members whom the trusts wish to remove from Congress. But the people have discovered this and are not often fooled by them. So now the Money Trust has supplementary schemes, and try them out with some success in molding legislation.

“This scheme has been to make the people believe that the trusts are opposed to the very thing that the trusts favor. It is assumed that the people will favor what the trusts openly claim to be against…

“Smoothly the Money Trust has played a game of fake opposition to allay the suspicions of the public while it put through Congress its plan to shape this new bill. Members have voted for it who never would have done so if they did not believe the people wanted it…

“This act establishes the most gigantic trust on earth, such as the Sherman Antitrust Act would dissolve if Congress did not by this act expressly create what by that act it prohibited. 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 bill establishes regional banks to be owned by the other banks. The United States Treasury collects taxes from the people. These it will deposit in the regional banks, but will get no interest or at least very little. These banks will be controlled by nine directors-three of them selected by the Federal Reserve Board and six by the banks. That will give the ·banks full control, with the privilege of the three other directors to look on and see how slick they will do it.

It will work out in about this way: All the taxes collected from the people by the United States officers will be deposited in the regional banks. Those of the people who have any money will deposit it in the local banks. The people who are compelled to borrow will go to the local banks and borrow that money. It will be the same money that their neighbors and their beloved Government, the United States, deposited in the banks.

They will give their notes for these loans to the local banks. The local banks will send the notes to the regional banks which they own. The regional banks will take them to the people's Government, the United States, and have some more money printed. This the local banks will get. This may be loaned· to manufacturers, merchants, etc., and their notes taken, and these notes again may be sent to the regional banks to go through the same process to get some more money from the United States-and so on the endless chain will continue. That is the financial end of it.

Then comes the domestic. Of course we all know, and I shall explain the process later, that all this interest is added to the price of the things we buy, or if we are the original producer, subtracted from the things we sell, or in case we are wage-workers it is subtracted from our wages or made up by extra hours of work. The consequence is that the farmer's wife, the wage-worker's wife, and others' wives who are not supported by the usury system, are compelled to work long, long days in their domestic toil, and their daughters are sent to be the servants of the usurers, and husbands are kept in the field, at the bench, or other place of toil, all to pay the usury that has been supported by the old system and enlarged on by this new fraud.

When I hear politicians talk about a progressive administration, and then review this bill, which is to be a Christmas gift to the Money Trust, I pity the innocent children all over this land - defenseless they are, but the burden created by this act in lieu of a promise for liberation from the false old system that has made 94,000,000 people industrial slaves, is a shame that should make the administration seek its own oblivion..”

Here is the link for the full text of his speech. Scroll down to page 1445. His speech begins in the lower right hand corner.

https://www.govinfo.gov/content/pkg/...t2-v51-5-2.pdf

[Mayacaman]

Amendment XXVIII & Apologia

AMENDMENT XXVIII

Money and Credit – Congress Asserts Power To Coin Money, and Emit Bills of Credit

[SECTION 1.] The Congress hereby asserts the power, granted in this Constitution, to coin money, and to regulate the value thereof. - And further, to emit non-interest-bearing bills of credit directly through the Treasury Department on the Credit, and in the Name of the People.

[SECTION 2.] The U.S. Congress hereby authorizes the U.S. Treasury to issue a sufficient quantity of Fiat “dollars” to purchase back the capital stock of the Federal Reserve Bank from the private owners, by eminent domain.

[SECTION 3.] The Federal Reserve Bank shall henceforth cease to exist as a private and public institution. All of the books, documents and records of the Federal Reserve Bank, and of the U.S. Treasury Department shall be transferred to the U.S. Congress, and the U.S. Treasury Department and the Federal Reserve Bank shall be made Subject to the most minute Congressional and e-Public Examination. A New Institution, the “Common-Wealth Central Bank” of the United States of America, shall henceforth function as a Sub-Treasury Central Bank of issue.

[SECTION 4.] The U.S. Congress does also hereby authorize the U.S. Treasury to recall, by eminent domain, all outstanding U.S. Treasury Securities, constituting the “National Debt,” and to Convert them by Fiat, into a new species of dollar-denominated, and non-interest-bearing credit instrument, to be termed "National Credit Receipts." All U.S Securities owned by individual persons shall be redeemed, at face value, in credit, on the books of the Common-Wealth Central Bank. However; all outstanding U.S. Treasury Securities originally purchased from the Federal Open Market Committee by Banking Corporations at Treasury bond-auctions, shall be discounted to seven percent of their “value” and be accounted as balances on the Books, and by the Credit, of the Common-Wealth Central Bank of the United States of America.

[SECTION 5.] The U.S. Treasury, and the Common-Wealth Central Bank of the United States of America [as the fountainhead of Credit Creation in the nation] shall henceforth Issue as Money only non-interest-bearing, fiat Treasury Notes, and Mint Coins of pure Specie, stamped with their weight and fineness. The books, accounts and records of the Treasury shall continually be open to public scrutiny. The Congress, in order to promote the General Welfare, shall find creative – and equitable - ways to invest and spread the new National Wealth. There shall be no further issues of Treasury Securities, or Bonds.

[SECTION 6.] Each of the State Treasury departments, of each of the fifty States, are also hereby empowered, by the same creative principle [formerly given by charter to banks] to create Credit within their own jurisdictions, in the form of checks, signed by the State comptrollers, in accordance with appropriations made by the State legislatures, for the purpose of maintaining State institutions, infrastructure, and salaries.

[SECTION 7.] In accordance with the provisions of this Article, all banks and financial institutions in America shall receive new charters from the Treasury. The U.S. Treasury and the Sub-Treasury Common-Wealth Central Bank {and the State Treasuries} shall henceforth have the unique and sole power within the nation to create Credit – a function formerly granted by the government [ and thus erroneously delegated ] only to Banks. Henceforth private banks may charge interest, to service accounts.

[SECTION 8.] In Sum, this Article defines, and enhances the powers granted to Congress and the Treasury, under Article I, Section 8, Clause 5, of this Constitution. Furthermore, it amends and modifies Article I, Section 10, Clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States.

Apologia

Why We Need Amendment XVIII, Now


Amendment XVIII does several things that are timely:

Amendment XXVIII Re-Asserts the Constitutional principle that Congress – the Representatives of We, the People - should control, and be the ultimate Arbiter over the Creation of Money and Credit.

Amendment XXVIII Nationalizes the private ownership of the Federal Reserve Bank, and subsumes the creative functions of that institution into the Treasury Department, creating a Sub-Treasury “Common-Wealth Central Bank” - to be established and dedicated to the Interest of the People – not Wall Street.

Amendment XXVIII Authorizes Congress to recall the National Debt, and transforms, by Congressional Fiat, the fraudulent “National Debt,” held by prime banks in the form of U.S. Treasury Securities, into an actual National Blessing in the form of billions of Dollars of “Common-Wealth” to be deposited in the New “Common-Wealth, Central Bank” by recalling, and transforming the U.S. Treasury Bonds, by Fiat, into a new, non-interest-bearing, dollar-denominated credit instrument: the “National Credit-Receipt.”

Amendment XXVIII cleans out the Augean Stables of the Treasury Department and the Federal Reserve Bank, and opens the Books, Documents, and Records of those Institutions to the minutest Public Scrutiny. Amendment XXVIII also asserts “…there shall be no further issues of Treasury Securities, or Bonds.”

Amendment XXVIII opens, once again, the Treasury Mints to the free coinage of silver and gold. The new Commodity Money coins shall be stamped with their weight and fineness, not denominated in terms of “Dollars.”

Borrowing a page from the Articles of Confederation, Amendment XXVIII grants, once again, to the State Governments the power to create Credit within their own jurisdictions. This will be of great help to the infrastructure and to Health, Education, and Welfare within the fifty states. And it will serve the Interest of the People; though it displease the banking elites and their minions.

Since State governments are empowered to grant charters to State Banks, which enable these Banks to create Credit, States also should be empowered to Create, with the stroke of a pen, sufficient Credit within their own jurisdictions to assist Human needs.

If Amendment XXVIII intended only to restore a lawful system of Constitutional money - with Fiat Treasury Bills replacing the interest-bearing debts known as "Federal Reserve Notes," then indeed, no Amendment would be necessary. The Constitution already provides Congress with the power to issue such notes as interest-free money. Also, the U.S. Supreme Court, in Julliard v. Greenman (110 U.S. 421, 448) in 1884 ruled that: “Congress is authorized to establish a national currency, either in coins or in paper, and to make that currency lawful money for all purposes, as regards the national government or private individuals.” {A broad interpretation of Article I, Section 8, clause 5, of the Constitution.}

An elegant solution, Amendment XVIII, also Nationalizes the National Debt; and transforms the Treasury Department into a Treasury of Common-wealth; and fills the coffers of this new institution with billions and billions of "dollars" of Credit & establishes a new specie of credit-instrument, a dollar-denominated "National Credit Receipt" to be just as serviceable as “Dollars” on the international market.

Amendment XVIII makes a distinction between the U.S. Savings Bonds that were purchased by Ma and Pa bond investors and those U.S. Treasury Securities that were purchased by the Prime Banks at Bond Auctions held under the auspices of the Federal Open Market Committee, the Federal Reserve’s Window on Wall Street. Commercial Banks have always utilized the “multiplier” of the fractional reserve system to purchase U.S. Treasury Securities at cents on the dollar.

In recognition of this Fact - that such transactions are, and have always been, from the beginning, Fraudulent - AMENDMENT XVIII renders the outstanding “Debt” that is “owed” to the Prime Banks of this – and every other Nation - at a mere 7% [Seven per cent] of the face value of such Fraudulent, Banker-secured paper “Debt.”

This reduction of the Debt to a Sum that is payable in Credit, on the Books of the new Sub- Treasury Central Bank-of-Issue, the “Common-Wealth Central Bank” is, in Reality, exceedingly fair and Just, in recognition of the Fraud that has been committed by the Community of International bankers, in foisting the former system upon the unsuspecting Public.

Thus, AMENDMENT XVIII allows a large amount of Credit to be created on the books of the new Common-Wealth Central Bank - as compensation for that portion of the investment of the Banks in the National Debt, that might actually be deemed ‘legitimate.” This gives the Prime Banks some Credit - but no Stock - in the new Institution.

The aggregate effect of these Reforms is to establish an Institution that benefits All Americans - and not just the small elite who were fortunate to inherit the right stock in certain Wall Street Money Market Banks.

Amendment XXVIII dissolves the Federal Reserve Bank into the United States Treasury Department, and subsumes the creative, credit-creation function of the Federal Reserve into the new Sub-Treasury "Common-Wealth Central Bank." Henceforth, the Treasury shall not be compelled to issue interest-bearing Treasury Securities to "back" all of the paper "dollars" that the Federal Reserve currently issues. Instead, the Treasury shall issue non-interest-bearing Treasury notes, as Abraham Lincoln and John Fitzgerald Kennedy were able, for a short time, to do.

Significantly, Amendment XXVIII also grants the fifty States the power to create credit within their own sovereign jurisdictions, to meet their crushing deficit burdens, instead of having to float endless bond issues and borrow more "money" at interest from banks and investors of the bond-holding class. The Articles of Confederation, drafted by the revolutionary Continental Congress of 1777, allowed the States this power - and it should be restored to the several States, in order for there to be a healthy society in North America.

Thus, Clause 9 reads: "Furthermore, it amends and modifies Article I, Section 10, clause 1, to empower State Treasuries to create [a limited amount of] non-inflationary Credit, in the form of check-book money in order to meet the pressing needs of the States."


Sincerely,

Mark Walter Evans,
Hood Mountain,
California

Attached Files

• Adams.-.The.Legalized.Crime.of.Banking.and.a.Constitutional.Remedy.1958-1.pdf (454.0 KB )
• PatmanPrimerOnMoney.pdf (68.5 KB )
• Banking-and-Currency-and-the-Money-Trust-by-Minesota-Congressman-Charles-a-Lindbergh-Sr.pdf (579.0 KB )

[ Source ]

(under my old handle, "Iolchan")

[Mayacaman]

Newsletter from Jeremy R. Hammond,
Independent Journalist

The thought-controllers want us to believe that central banks are an essential part of modern economies. The truth is that the Federal Reserve monetary system serves the political and financial elites at the expense of everyone else in society.

It is a system that is keeping us enslaved. It effects a transfer of wealth upward.

Naturally, those who benefit from this system wish for it to remain. That is why a class of intellectualism exists known as Keynesian economics, whose adherents you might know better as "mainstream economists".

Their essential function is to manufacture consent for the existence of central banking with technical gibberish intended to make the average person think that economics is so hard for the uninitiated to understand that we must trust these "experts" to centrally plan the economy for us.

But the simple truth of the matter is that the Fed is a government-legislated private monopoly over the supply of currency, and it operates by engaging in price-fixing and manipulating the market in the interests of the powerful.

It works through the magic of fractional reserve lending. The Fed monetizes debt by buying assets with dollars created out of thin air. I'm sure you've heard that before, and it sounds crazy, but that is the truth.

Other banks then expand on the increase in the base money supply by similarly lending dollars created out of thin air.

Most people probably think that when banks issue loans, they are lending out of the reserves they have on deposit. But that's not how it works.

As long as banks keep 10% in reserve, the can meet demand for withdrawals of deposits. Instead of lending out of those reserves, though, the reserve amount constitutes the proportion from which they can magically expand the money supply.

So, for example, if they have $1,000 on deposit, you might think they lend out $900, keeping 10% in reserve. But, actually, the $1,000 is the 10%, reserve amount from which they can lend. So, from that, they can lend out up to $9,000 that they create out of thin air.

And, then, if the borrowers spend that "money" and the party on the other side of that transaction goes and deposits those funds into their bank, that bank can then repeat the cycle and continue expanding the money supply through the magic of fractional reserve lending.

That might sound so crazy to you that you don't believe me. But if you think about it, you have known it to be true for most of your life. Remember learning in school about the Great Depression and the problem of a "run on the banks"?

Since banks lend out dollars they don't actually have in their possession, if depositors demand too much of their own money to be withdrawn at once, it reveals the inherent state of bankruptcy in which the banks operate.

That's a special privilege they've been granted by government. It is a system of legalized counterfeiting.

That's why a "run on the banks" is a problem!

This expansion of the money supply is inflation. The consequence of monetary inflation is price inflation because, try as they might, politicians can't legislate away the law of supply and demand.

Wealth does not come from a printing press. Creating money out of thin air does not cause economic growth. It just robs us of our purchasing power by devaluing the dollar and creates an illusion of wealth expansion.

But the super rich and powerful benefit because they are the first to receive the newly created "money", and they are able to use it to buy up assets before the resulting increase in prices.

As the new dollars flow through the rest of the economy, with more dollars chasing an equal supply of goods and services, prices rise, robbing the rest of us of our purchasing power. The dollars we worked so hard to earn yesterday cannot purchase an equal value in goods or services tomorrow.

We are, in essence, enslaved -- robbed of the fruits of our labors through the hidden tax of price inflation.

They'll try to tell you inflation is low based on the consumer price index (CPI). The told us inflation was low during the housing bubble. But the housing bubble that wiped out so much of regular Americans' wealth was inflation.

Bubbles in housing, stocks, bonds, and other asset classes are price inflation resulting from the Fed's inflationary monetary policy.

By purchasing assets like government securities with illusory "money", the Fed creates an artificial increase in demand for those debt instruments, which drives down interest rates.

I'll explain more about the significance of this price-fixing of interest rates and how it harms all of us in my next newsletter (watch for it!)

But for now, let me end on a more optimistic point by noting that there are those who've broken the chains of bondage and achieved freedom financially.

And in an upcoming docu-series that you can watch free online, they will reveal the secrets of their success with us.

In Money Revealed, people who've succeeded as entrepreneurs or investors will share their insights on how to both create and preserve wealth.

I'm talking about people like Jeff Walker, who went from being an income-less stay-at-home dad to one of the biggest names in marketing by effectively utilizing a single asset with untold potential: his small mailing list. (Which of course grew along with his success.)

I've already learned a lot from people like him -- in fact, my mailing list is my own biggest asset and the principle means by which I am able to earn income while maintaining my total independence as a journalist.

This email you're reading right now is actually an example of how it's done -- some of what I've learned from people like Jeff Walker put into action!

I'm by no means wealthy. Honestly, it's been a real struggle to persist in doing independent journalism. But I am managing to earn a living working from home doing what I am passionate about and really good at, and I am on the right track, thanks to what I've learned from people like Jeff Walker. (It's nice to no longer feel pressured to "get a real job". 藍)

So, if you'd like to learn from people who know how true wealth is created, be sure to catch the free viewing of this docu-series starting October 27:

Watch the trailer and sign up for the free viewing of Money Revealed

In case you're wondering how this email represents some of what I've learned from top marketers like Jeff Walker, it's because throughout the free viewing, you'll be given the option to purchase the entire docu-series, and if you end up doing so, I'll earn a commission on the sale for the referral.

Doing this kind of affiliate marketing is one of the means by which I'm able to maintain my independence as a journalist. More than that, I see an opportunity today for a true revolution in journalism, with potential for greater independence and a decentralization over the control of information that would shatter the business model of the mainstream media.

I always used to conceive of marketing or advertising as being kind of sleazy. And that's one reason I struggled for so long to earn income from my work. But I've since learned that, done right, it's not about selling something to someone. It's about delivering real value -- including actionable knowledge -- and helping others solve problems and overcome obstacles keeping them from realizing their desires.

The interviewees in Money Revealed understand that "secret" of success, and they'll share the story of how they did it, inspiring us to also get on the path to success in whatever area that accords with your goals -- whether its starting your own business, investing in real estate or the stock market, building a nest egg with compounding interest, avoiding theft of your hard-earned dollars by government (i.e., "taxation"), and more.

Regards,

Jeremy R. Hammond
Independent Journalist, Author, and Writing Coach
www.jeremyrhammond.com

[OurFreeSociety]

Funny that I was just discussing this with someone yesterday.


Despite his ad at the bottom, at least this guy knows some things, but it doesn't sound like he's a truther, or he just didn't want to say all he knows.


Here's a few things to understand about the Federal Reserve.


1. They say that the reason the Titanic was sank is because 3 people on there did NOT wnt the Federal Reserve to go through.

My issue with the list, is the last one:

Benjamin Guggenhein, Isador Straus (co-owner of Macys), & John Jacob Astor (built the Waldorf Astoria). the first two were German American Jews,

The Astor family is part of the 13 lower level evils, but occassionally someone within the famiies do try to break ranks & they kill them.

JP Morgan was supposed to be on the ship, but "suddenly" felt sick & didn't go.

The evils always use the "sick" excuse. Look how many people didn't show up for work on the day of 911.


and

1. In the late 1800's a fictional book was written by Morgan Robertson called, "The Wreck of the Titan," and it was about a ship that sank.
2. Woodrow Wilson (the president at the time) was very good friends with J.P. Morgan who he admired. He helped Morgan get control of the Fed in return for his support.
3. He was the one that passed a law for a holiday on the DAY that the Fed came into power which is when everyone was off for that holiday.
4. 3 weeks before it sailed there was a fire they covered up.
5. Irish journalist Senan Molony wrote about what happened on the Titanic, "Titanic Unseen."

https://www.independent.co.uk/news/u...-a7504236.html
.
2. From one book:


"1913 W. Averell Harriman was initiated into Skull and Bones. He helped finance Hitler to power.
Hitler’s war machine was I.G. Farben, which was controlled by the Rothschild’s through the Warburg’s.
Paul Warburg, created the privately-owned "central bank" of America, the Federal Reserve, in 1913, and was on the board of American IG. Hitler’s IG Farben, which ran the camp at Auschwitz, was a
division of Standard Oil, officially owned by the Rockefellers. The Rothschild’s finally saw their work
pay off in United States with the creation of the Federal Reserve System, solidifying their ultimate
control of the nation. "
3. I don't have a video on it b/c I watched it before I started taking notes & saing links, but I vaguley remember that they started the great depression so that people would be desprate & allow the gov't to do whatever they wanted.


AGAIN, fear is their weapon & 90% of all people fall for the scam & allow the mafia gov't to control them.


Case in point we can see it now with ALL of the sheeples wearing face diapers that are toxic on so many levels & they believe all the lies told to them by the gov't & the white coats.

Then they ATTACK anyone who's smarter then they are & knows how the body actually functions, & they demand they also harm themselves just to make themselves feel more secure.

If masks WORK, then why does anyone care whether someone else wears one?

They shouldn't.

It makes no logical sense, but sheeples have no brain capacity to think. They just follow & live in a state of fear & confusion.


4. From another book and I still have to read the Jekyll Island book.


This entire book (doesn't matter if it's from the late 80s) is about the medical mafia industry & how that industry & all of their hospitals & scam cancer charities are tied to tons of huge corps, oil, banks, & the list goes on.

Ever wonder why they never found the so called "cure" for cancer?

Well first of all you should NEVER be looking for the cure to anything. You should ONLY be looking for the CAUSE of why you don't feel well.

Again, this is brainwashing from the medical mafia b/c they know what the root causes are for all of these symptoms & if the doctor doesn't know this, he's just a white coat follower like everyone else.


All of the evils & their low level lackeys (if you know their name, they aren't at the top) are all tied together. They all marry one another to keep the blood "pure" & also to keep their secrets from getting out to the public.


"Another prominent director of Sloan Kettering was Dorothy Peabody Davison, a leading New York socialite for some fifty years. She had married F. Trubee Davison, son of Henry Pomeroy Davison, a Rockefeller relative who had been the right-hand man for J. P. Morgan. Davison was one of the group of five leading bankers who met with Senator Nelson Aldrich (his daughter married John D. Rockefeller, Jr.) at Jekyll Island in a secret conference to draft the Federal Reserve Act in November of 1910. "


Again, this book was published in the late 80s, but it still gives us information on how the Federal Reserve does WAY MORE than just print fake money.


"Alan Greenspan, now chairman of the Federal Reserve Board of Governors, whose action in raising the interest rate a few days after he took office precipitated Black Monday, the worst stock market crash in American history.

Greenspan's name is not familiar to most Americans, although it should be; he was the chairman of a Special Commission on Social Security, which finagled a horrendous increase in the amount of withholding tax on every working American.

Greenspan was able to do this because he was a highly paid Wall Street "consultant," meaning that he could juggle figures to come up with whatever result the Rockefeller Monopoly desired.

He conducted a specious campaign to persuade the American people that the Social Security program was bankrupt, when in fact it had reserve funds of $22 billion, plus $25 billion which Congress had borrowed directly from the system, and which was a collectible asset.

Greenspan also based his demand for a huge increase in the withholding tax, which was nothing but a tax, on a projected 9.6% increase in the inflation rate, when in fact it was only a 3.5% increase. The alarmed public, frightened by President Reagan's absurd claims that the principal beneficiaries of the Social Security System were the idle rich, was hoodwinked into dropping its objections to the increase in tax.

However, actual figures on hand at that time showed that only 3% of the elderly had incomes above $50,000 a year, which in itself was hardly a princely sum in these days of inflation, an inflation which itself was largely created by the government's fiscal policies.

Greenspan was the star of the great Social Security "crisis" of 1983, shrewdly capitalizing on the propaganda barrage that the Social Security System was rapidly going broke. His first finding was that Social Security funds would be in the red from $150 to $200 billion by 1990; at the same time, he was telling his high-paying corporate clients it would be only one-third of that sum.

The final increase was what he had told his clients. He also "forecast" that the consumer price index would rise to 9.2% by 1985; at the same time, he was informing his corporate clients it would be only one-third of that figure. The actual increase was 3.6%. This performance earned Greenspan a prestigious position as partner of J. P. Morgan Company.

He is now chairman of the Federal Reserve Board of Governors. The New Republic defined the function of this body on January 25, 1988 stating plainly, "The Federal Reserve Board protects the interests of the rich." No one has yet challenged that statement. "




and more...


"The only real interest of the financiers is to develop markets for their products which can return a profit. Because most of the Third World countries are unable to pay for goods, a complex system has been developed whereby the American taxpayer sends "aid" to the Third World. He works in a factory to make a tractor; the tractor is then sent to Bolivia, and then a payment for it is extorted from the worker's wages. A further refinement is a system whereby American or international banks "lend" the money to these countries so that they can pay for the goods; the Federal Reserve System then "guarantees" these uncollectible loans with American taxpayers' funds. Once again, the worker has the money extorted from his paycheck to cover the cost of the goods he produces. "


and of course here's the gov't aiding the evils to steal from people like farmers.


The amount of tyranny against farmers going back (who knows how far) is horrific.


"At the conclusion of World War II, the monopolists began a concerted effort to dump their surplus nitrates into the American food chain.

County agents throughout the United States were told to advise farmers in their areas to increase their use of fertilizers, herbicides and pesticides. This advice served to make farming even more capital intensive, forcing the farmers to go to the banks to borrow more money, and paving the way for the program of forcing the individual farmers off the land, creating great agricultural monopolies, similar to the Soviet Agricultural Trust.

Farmers also borrowed heavily to buy expensive tractors which ran on gasoline, greatly adding to the Rockefeller revenues, and at the same time depriving them of the fertilizer formerly available from their horses.

It was hardly coincidental that the banks, which so cheerfully anted up the loans needed by the farmers who faithfully followed the instructions of their county agents, were banks who got their funds from the Federal Reserve System.

This monopoly of the nation's money and credit had been planned at a secret meeting of conspirators on Jekyl Island, Georgia in November of 1910, a meeting presided over by Senator Nelson Aldrich, whose daughter had recently married John D. Rockefeller, Jr. "


Another book...


Even the Kennedys are part of the lower evil families, I think that JFK had a change of heart and...


"In the case of President Kennedy, the assassination was carried out with great attendant publicity and with the utmost brutality to serve as a warning to world leaders not to get out of line.

The order went out, "assassinate Kennedy," - soon after Kissinger was kicked out (of Vietnam) - and after Kennedy had made his intentions known to end U.S. involvement in Vietnam, and break the monopoly of the Federal Reserve."


and then we wonder why they killed him (there were many reasons, not just one)


"He [Kennedy] signed Executive Order 11110 dated June 4, 1963, calling upon the Treasury to print and issue directly United States dollars, as opposed to Federal Reserve notes, thus bypassing the Federal Reserve banks. [...]
Following his decision to bypass the Federal Reserve, Kennedy began showing that he would no longer accept the dictates of foreign entities[...]"