April 26, 2013
(Part 1 dealt with the Sixteenth and Seventeenth Amendments and the fact that they were probably not legitimately ratified to be part of the US Constitution.)
The Federal Reserve:
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then be deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” (Thomas Jefferson, 1802)
It almost sounds as if Jefferson knew what was coming.
Like the other two progressive actions, the passage of the Federal Reserve Act is a nail in America’s coffin over the long term. Most Americans think the Federal Reserve is a branch of the federal government like the Department of Education, DOD, the EPA, DHS, DOJ (aka the Department of Cover Up), etc. Well, it is, and it isn’t. The Federal Reserve is a private corporation, actually a banking cartel. The federal government is only a partner in the cartel to add some legitimacy to it; to have the power of a federal law behind it. To use another term, it’s a monopoly over the nation’s money supply. It is designed to help member banks, not We The People. Remember the bank bailouts in 2009? The system worked, for the banks.
The Federal Reserve was NOT formed by Members of Congress, in Congress, or devised by a Presidential initiative. It was conceived in super-secrecy on Jekyll Island, Georgia in 1910. Jekyll Island was a private island owned by very wealthy people, mostly bankers and industrialists. Seven of these wealthy bankers met there, developed the idea, and over the next three years brought it to fruition. The propaganda behind it was much as we see today from progressives. Words take on different meanings; deception; misinformation; “the ends justify the means.” In theory is was advertised as a way to break up the “Money Trusts;” various entities who had money and clout. Today’s term for these people is “corporate millionaires and billionaires.” Problem is, like today, the “money trusts” were the very people who were pushing the concept. They distract the people with what’s happening in the right hand so they don’t see what the left hand is doing. Obama bashes the millionaires and billionaires in public while taking millions from them in private. The same was true back in 1910-13 era. The secrecy of the Jekyll Island event reminds me of the Bilderburg Group and the Council of Foreign Relations group today.