questioneverthing

Federal Reserve System

We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.

Robert H. Hamphill, Atlanta Federal Reserve Bank

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

Sen. Barry Goldwater (Rep. AR)

This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill.

Charles A. Lindbergh, Sr., 1913

From now on, depressions will be scientifically created.

Congressman Charles A. Lindbergh Sr., 1913

The depression was the calculated shearing of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market....The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank.

Curtis Dall, FDRs son-in-law as quoted in his book, My Exploited Father-in-Law

Give me control of a nation's money and I care not who makes its laws

Mayer Amschel Bauer Rothschild

The Federal Reserve bank buys government bonds without one penny...

Congressman Wright Patman, Congressional Record, Sept 30, 1941

From 1913 until now inflation of the dollar has been 2950%. A 1913 dollar would now be worth $.034. When I became a wage earner in 1950 I could buy a full breakfast, eggs, sausage, hashbrowns, shortstack, juice, and coffee for $.39. This morning I paid $9.60 for the same, an inflation of 2460%

        barefootsworld.net

There is a distinction between a 'debt discharged' and a debt 'paid'. When discharged, the debt still exists though divested of it's charter as a legal obligation during the operation of the discharge, something of the original vitality of the debt continues to exist, which may be transfered, even though the transferee takes it subject to it's disability incident to the discharge.

Stanek vs. White, 172 Minn.390, 215 N.W. 784

We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.

Congressman Louis T. McFadden, 1932, (Rep. Pa)

The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class.

Rothschild Brothers of London, 1863

The Federal Reserve banks are one of the most corrupt nstitutions the world has ever seen.There is not a man within the sound of my voice who does not know that this nation is run by the

International bankers.

        Congressman Louis T. McFadden (Rep. Pa)

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

President James A. Garfield

I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected.

John Danforth (R-Mo)

The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

Henry Cabot Lodge Sr., 1913

When you or I write a check there must be sufficient funds in our account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.

Putting it simply, Boston Federal Reserve Bank

The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes --a little over 2 cents each-- without regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau's full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945.

Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve System

Banks lend by creating credit (ledger-entry credit, monetized debt). They create the means of payment out of nothing.

Ralph M. Hawtrey, Secretary of the British Treasury

To expose a 15 Trillion dollar ripoff of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business.

        Buckminster Fuller

Every Congressman, every Senator knows precisely what causes inflation...but can't, [won't] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job.

Robert A. Heinlein, Expanded Universe

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

        Henry Ford

As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [checkbook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.

Eustace Mullins

By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

John Maynard Keynes

The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations.

Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

The Federal Reserve banks, while not part of the government,...

United States budget for 1991 and 1992 part 7, page 10

[Every circulating FRN] represents a one dollar debt to the Federal Reserve system.

Money Facts, House Banking and Currency Committee

...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks.

Eustace Mullins

Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is just

a piece of paper. Deposits are merely book entries.

Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the FRAUD can no longer be concealed.

John Maynard Keynes, "The Economic Consequences of The Peace", 1920

Capital must protect itself in every way...Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd.

Taken from the Civil Servants' Year Book, "The Organizer" January 1934

A great industrial nation is controlled by it's system of credit. Our system of credit is concentrated 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 world – no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.

President Woodrow Wilson

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance.

James Madison

In the United States today we have in effect two governments.... We have the duly constituted Government.... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.

Congressman Wright Patman, Chairman of the House Banking Committee

Q: Do you approve of the latest credit-tightening moves?

A: It's not my job to approve or disapprove. It is the action of the Federal Reserve.

Secretary of the Treasury David M. Kennedy, U.S. News & World Report, May 5, 1969

I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.
        Thomas Jefferson


It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.
        Albert Jay Nock






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