[PAA-Discuss] ABOLISH THE FEDERAL RESERVE ACT OF 1913

[Bart Boyce]

   Great Article Rick .....

        The Green Party and Deb Shafto are initiating some "town hall" - like discussions
and the Federal Reserve is at the top of the list of things we will discuss 

--- On Wed, 1/27/10, Rick _lux <lux_88 at hotmail.com> wrote:








  
  
                
      

      
       
  
     
Abolish The Federal Reserve Act of 1913 
    


 


View Current Signatures   -   Sign the Petition 








To:  U.S. Congress 
  This 
  petition calls for the abolishment, by Congress of The Federal Reserve Act of 
  1913. To return all the rights and profits, from the 
  creation of money to the rightful heirs, the citizens and the U.S. Government. 
  It is outrageous that private banks and the FED can create our money and 
  collect interest on it. If we must pay interest on monies created and loaned, 
  let it be the United States of America that receives it, not some private 
  interest. 

We have lost our freedom to the private banks that create 
  money out of thin air and enslave the common man to a life of debt. If we are 
  to be indebted let it be to our country and not the bankers. 

"The 
  States should be applied to, to transfer the right of issuing circulating 
  paper to Congress exclusively, in perpetuum." --Thomas Jefferson to John W. 
  Eppes, 1813. ME 13:276 

"[The] Bank of 
  the United States... is one of the most deadly hostility existing, against the 
  principles and form of our Constitution... An institution 
  like this, penetrating by its branches every part of the Union, acting by 
  command and in phalanx, may, in a critical moment, upset the government. I 
  deem no government safe which is under the vassalage of any self-constituted 
  authorities, or any other authority than that of the nation, or its regular 
  functionaries. What an obstruction could not this bank of the United States, 
  with all its branch banks, be in time of war! It might dictate to us the peace 
  we should accept, or withdraw its aids. Ought we then to give further growth 
  to an institution so powerful, so hostile?" --Thomas 
  Jefferson to Albert Gallatin, 1803. ME 10:437 
  

Following by Greg Hobbs 

  What Is The 
  Federal Reserve Bank? 

The FED is a 
  central bank. Central banks are supposed to implement a country's 
  fiscal policies. They monitor commercial banks to ensure that they maintain 
  sufficient assets, like cash, so as to remain solvent and stable. Central 
  banks also do business, such as currency exchanges and gold transactions, with 
  other central banks. In theory, a central bank 
  should be good for a country, and they might be if it wasn't for the fact that 
  they are not owned or controlled by the government of the country they are 
  serving. Private central banks, including our FED, operate 
  not in the interest of the public good but for profit. 
  

There have been three central banks in our nation's 
  history. The first two, while deceptive and fraudulent, pale in 
  comparison to the scope and size of the fraud being perpetrated by our current 
  FED. What they all have in common is an insidious practice known as 
  "fractional banking." 

Fractional banking or fractional 
  lending is the ability to create money from nothing, lend it to 
  the government or someone else and charge interest to boot. The practice 
  evolved before banks existed. Goldsmiths rented out space in their vaults to 
  individuals and merchants for storage of their gold or silver. The goldsmiths 
  gave these "depositors" a certificate that showed the amount of gold stored. 
  These certificates were then used to conduct business. 

In 
  time the goldsmiths noticed that the gold in their vaults was rarely 
  withdrawn. Small amounts would move in and out but the large 
  majority never moved. Sensing a profit opportunity, the goldsmiths issued 
  double receipts for the gold, in effect creating money (certificates) from 
  nothing and then lending those certificates (creating debt) to depositors and 
  charging them interest as well. 

Since the certificates 
  represented more gold than actually existed, the certificates were 
  "fractionally" backed by gold. Eventually some of these vault 
  operations were transformed into banks and the practice of fractional banking 
  continued. 

Keep that fractional banking concept in mind as 
  we examine our first central bank, the First Bank of the 
  United States (BUS). It was created, after bitter dissent 
  in the Congress, in 1791 and chartered for 20 years. A scam not unlike the 
  current FED, the BUS used its control of the currency to defraud the public 
  and establish a legal form of usury. 

This bank practiced 
  fractional lending at a 10:1 rate, ten dollars of loans for each dollar they 
  had on deposit. This misuse and abuse of their public charter 
  continued for the entire 20 years of their existence. Public outrage over 
  these abuses was such that the charter was not renewed and the bank ceased to 
  exist in 1811. 

The war of 1812 left the country in economic 
  chaos, seen by bankers as another opportunity for easy profits. 
  They influenced Congress to charter the second central bank, the Second Bank of the United States (SBUS), in 
  1816. 

The SBUS was more expansive than 
  the BUS. The SBUS sold franchises and literally doubled the number of banks in 
  a short period of time. The country began to boom and move 
  westward, which required money. Using fractional lending at the 10:1 rate, the 
  central bank and their franchisees created the debt/money for the expansion. 
  

Things boomed for a while, then the banks decided to shut off the 
  debt/money, citing the need to control inflation. This action on the part of 
  the SBUS caused bankruptcies and foreclosures. The banks then took control of 
  the assets that were used as security against the loans. 

Closely examine how the SBUS engineered this cycle of 
  prosperity and depression. The central bank caused 
  inflation by creating debt/money for loans and credit and making these funds 
  readily available. The economy boomed. Then they used the inflation which they 
  created as an excuse to shut off the loans/credit/money. 
  

The resulting shortage of cash caused the economy to falter 
  or slow dramatically and large numbers of business and personal bankruptcies 
  resulted. The central bank then seized the assets used as 
  security for the loans. The wealth created by the borrowers during the boom 
  was then transferred to the central bank during the bust. And you always 
  wondered how the big guys ended up with all the marbles. 
  

Now, who do you think is responsible for 
  all of the ups and downs in our economy over the last 85 
  years? Think about the depression of the late '20s and all 
  through the '30s. The FED could have pumped lots of debt/money into the market 
  to stimulate the economy and get the country back on track, but did they? No; 
  in fact, they restricted the money supply quite severely. We all know the 
  results that occurred from that action, don't we? 

Why would the FED do this? During that 
  period asset values and stocks were at rock bottom prices. Who do you think 
  was buying everything at 10 cents on the dollar? I believe that it is referred 
  to as consolidating the wealth. How many times have they already done this in 
  the last 85 years? 

Do you think they will do it 
  again? 

Just as an aside at 
  this point, look at today's economy. 

  Markets are 
  declining. Why? 
  Because the FED has been very liberal 
  with its debt/credit/money. The market was hyper inflated. 

  
    Who creates inflation? The FED. 
    
    How does the FED deal with inflation? 
    They restrict the debt/credit/money. 
    What happens when they do that? The 
    market collapses. 
   
  Several months back, after 
  certain central banks said they would be selling large quantities of gold, the 
  price of gold fell to a 25-year low of about $260 per ounce. The 
  central banks then bought gold. After buying at the bottom, a group of 15 
  central banks announced that they would be restricting the amount of gold 
  released into the market for the next five years. The price of gold went up 
  $75.00 per ounce in just a few days. How many hundreds of billions of dollars 
  did the central banks make with those two press releases? 
  

Gold is generally considered to be a hedge against more 
  severe economic conditions. Do you think that the private banking 
  families that own the FED are buying or selling equities at this time? 
  (Remember: buy low, sell high.) How much money do you think these FED owners 
  have made since they restricted the money supply at the top of this last 
  current cycle? 

Alan Greenspan has said publicly on several 
  occasions that he thinks the market is overvalued, or words to that 
  effect. Just a hint that he will raise interest rates (restrict 
  the money supply), and equity markets have a negative reaction. 
   
  Governments 
  and politicians do not rule central banks, central banks rule governments 
  and politicians. 
   
  President Andrew Jackson won 
  the presidency in 1828 with the promise to end the national debt and eliminate 
  the SBUS. During his second term President Jackson withdrew all 
  government funds from the bank and on January 8, 1835, paid off the national 
  debt. He is the only president in history to have this distinction. The 
  charter of the SBUS expired in 1836. 

Without a central bank to manipulate the supply of money, the 
  United States experienced unprecedented growth for 60 or 70 
  years, and the resulting wealth was too much for bankers to 
  endure. They had to get back into the game. 
   
   In 1910 
  Senator Nelson Aldrich, then Chairman of the National Monetary Commission, in 
  collusion with representatives of the European central banks, devised a plan 
  to pressure and deceive Congress into enacting legislation that would 
  covertly establish a private central bank. 

This bank would assume control over the American 
  economy by controlling the issuance of its money. After a 
  huge public relations campaign, engineered by the foreign central banks, the Federal Reserve Act of 1913 was slipped through 
  Congress during the Christmas recess, with many members of the Congress 
  absent. President Woodrow Wilson, pressured by his political and financial 
  backers, signed it on December 23, 1913. 
Recommend you all read 
  “The Creature from Jekyll Island” by Edward 
  Griffin, so you understand the FED and how it was created and 
  by whom. 

The act created the Federal 
  Reserve System, a name carefully selected and designed to 
  deceive. "Federal" would lead one to believe that this is a government 
  organization. "Reserve" would lead one to believe that the currency is being 
  backed by gold and silver. "System" was used in lieu of the word "bank" so 
  that one would not conclude that a new central bank had been created. 
  

In reality, the act created a private, 
  for profit, central Banking Corporation owned by a cartel of private 
  banks. 
   
  Who owns 
  the FED? 
  
    The Rothschilds of London and 
    Berlin
    Lazard Brothers of 
    Paris
    Israel Moses Seif of Italy; 
    
    Kuhn, Loeb and Warburg of 
    Germany
    and the Lehman 
    Brothers
    Goldman
    Sachs 
    Rockefeller families of New 
    York. 
   
  Did you know that the FED is 
  the only for-profit corporation in America that is exempt from both federal 
  and state taxes? 
  The FED takes in about one trillion 
  dollars per year tax free! The banking families listed above get all that 
  money. 

Almost everyone thinks that the money they pay in taxes 
  goes to the US Treasury to pay for the expenses of the government. 
  
  Do you want to 
  know where your tax dollars really go? 
  If you look at the back of any check 
  made payable to the IRS you will see that it has been endorsed as "Pay Any 
  F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of 
  U.S. Oblig." Yes, that's right, every dime you pay in income taxes is given 
  to those private banking families, commonly known as the FED, tax free. 
  

Like many of you, I had some difficulty with the concept of 
  creating money from nothing. You may have heard the term 
  "monetizing the debt," which is kind of the same thing. As an example, if the 
  US Government wants to borrow $1 million,  the government does borrow 
  every dollar it spends they go to the FED to borrow the money. The FED calls 
  the Treasury and says print 10,000 Federal Reserve Notes (FRN) in units of one 
  hundred dollars. 

The Treasury charges the FED 2.3 cents for 
  each note, for a total of $230 for the 10,000 FRNs. The FED then 
  lends the $1 million to the government at face value plus interest. To add 
  insult to injury, the government has to create a bond for $1 million as 
  security for the loan. And the rich get richer. The above was just an example, 
  because in reality the FED does not even print the money; it's just a computer 
  entry in their accounting system. To put this on a more personal level, let's 
  use another example. 

Today's banks are 
  members of the Federal Reserve Banking System. This membership 
  makes it legal for them to create money from nothing and lend it to you. 
  Today's banks, like the goldsmiths of old, realize that only a small fraction 
  of the money deposited in their banks is ever actually withdrawn in the form 
  of cash. Only about 3 or 4 percent of all the money that exists is in the form 
  of currency. The rest of it is simply a computer entry. 

Let's say you're approved to borrow $10,000 to do some 
  home improvements. You know that the bank didn't actually take 
  $10,000 from its pile of cash and put it into your pile? They simply went to 
  their computer and input an entry of $10,000 into your account. They created, 
  from thin air, a debt, which you have to secure with an asset and repay with 
  interest. The bank is allowed to create and lend as much debt as they 
  want.
THANKS!
Phyllis 
Henley
970-629-2897 		 	   		  
Hotmail: Free, trusted and rich email service. Get it now. 
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