What is the Federal Reserve? With a name like the Federal Reserve, you would think that it is a government agency, right? In fact, the Federal Reserve is NOT a government agency at all. Some people have suggested that it is a private corporation. It certainly seems possible based on the Fed’s own website because it shows that the Fed pays dividends to its stockholders In fact, the Fed pays its smaller stockholders 6% and its larger stockholders even more. That certainly makes it sound like a corporation, but it isn’t actually a corporation either. So if it isn’t a governmental agency and it isn’t a private corporation, what is it? Well, it turns out that It’s a combination of the two and the worst of both. The Federal Reserve is actually a cartel made up of the biggest banks (owned by just a few families), and this cartel is protected by our very own government.
In 1933 Representative Louis T. McFadden having served as Chairman of the Banking and Currency Committee for more than 10 years in The US House of Representatives brought formal charges against the Federal Reserve for numerous criminal acts including fraud, conspiracy, and treason. On the House floor he said, “Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks . . . The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.”
Through the hoax of the Federal Reserve, we are being taken to the cleaners by our very own government – that same government that is supposed to be protecting our lives, liberties, and property.
But first, how did this central bank known as the Federal Reserve come into existence, and what exactly is a central bank? A central bank produces the currency of the whole nation. It controls interest rates and is responsible for inflation. It also loans money to the government – money that it creates out of thin air and then charges us interest. Some of our founders like Thomas Jefferson warned about the dangers of a central bank. But in the early 1900’s a small group of wealthy bankers decided to consolidate their power. They met with a powerful senator named Nelson Aldrich in a secret meeting on an island off of the coast of Georgia. Here they drafted what would come to be known as the Federal Reserve Act.
It was a successful attempt to write legislation that would promote their interests by creating a central bank. But it was imperative that no one know that it actually came from the bankers themselves. In fact, in order to sell the idea to the public, several of these bankers made public statements stating they were opposed to the Federal Reserve Act. In addition, the American people were told that the new central bank would stabilize the economy and prevent bank failures.
Representative Charles Lindberg Sr. said, “This Act (the Federal Reserve Act) establishes the most gigantic trust on earth. When the President signs the Act, the invisible government of the Monetary Power will be legalised… The worst legislative crime of the ages is perpetrated by this banking and currency Bill.”
Today my call to action is not only to demand the end of the Federal Reserve but to get out of debt. Money is power and if we are in debt, the bankers control us.