Money System Fraud
On the night of December 23, 1913 the United States Congress passed the Federal Reserve Act and thereby committed the greatest act of TREASON in history. It surrendered this nation's sovereignty and sold the American people into slavery to a cabal of arch-charlatan international bankers who proceeded to plunder, bankrupt, and conquer this nation with a money swindle.
The "money" the banks issue is merely bookkeeping entries. It cost them nothing and is not backed by their wealth, efforts, property, or risk. It is not redeemable except in more debt paper. The Federal Reserve Act forced us to pay compound interest on thin air. We now use worthless "notes" backed by our own credit that we cannot own and are made subject to compelled performance for the "privilege".
Certificate was used solely for "official" transactions between
Federal Reserve Banks. It wasn't circulated among the public.
From 1913 until 1933, the United States paid the "interest" with more and more gold. The structured inevitability soon transpired: the Treasury was empty, the debt was greater than ever, and the United States declared bankruptcy. In exchange for using notes belonging to bankers who create them out of nothing on our own credit, we are forced to repay in substance (labor, property, land, businesses, resources - life) in ever-increasing amounts. This may be the greatest heist and fraud of all time.
When a government goes bankrupt, it loses its sovereignty. In 1933 the United States declared bankruptcy, as expressed in Roosevelt's Executive Orders 6073, 6102, 6111, and 6260, House Joint Resolution 192 of June 5, 1933, confirmed in Perry v. United States, (1935) 294 U.S. 330-381, 79 L.ed 912, as well as 31 USC 5112, 5119, and 12 USC 95A.
The bankrupt United States went into receivership, reorganized in favor of 115 creditors and new owners. In 1913, Congress turned over America... lock, stock and barrel to a handful of criminals whose avowed intent from the beginning was to plunder, bankrupt, conquer, and enslave the people of the United States of America and eliminate this nation from the face of the earth. The goal was, and is, to absorb America into a one-world private commercial government, a "New World Order."
With the Erie R.R. v Tompkins case of 1938, the Supreme Court confirmed their success. We are now in an international private commercial jurisdiction in colorable admiralty-maritime under the Law Merchant. We have been conned and betrayed out of our sovereignty, rights, property, freedom, common law, Article III Courts, and... our Republic. The Bill of Rights has been statutized into "civil rights" in commerce.
America has been stolen. We have been made slaves, i.e. permanent debtors, bankrupt, in legal incapacity, rendered commercial "persons," "residents," and corporate franchisees known as "citizens of the United States" under the so-called "14th Amendment." Said "Amendment," which was never ratified - see Congressional Record, June 13, 1967; Dyett v. Turner, (1968) 439 P2d 266, 267; State v. Phillips, 1975 (affirmed) - created a citizenship for corporations, abstract statutory entities which are the products and definitions of the legislature and are fully taxable and regulatable thereby. Thomas Jefferson's prophecy has come to pass: "If the American people ever allow private banks to control the issue of currency... the banks... will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."
Since 1933, what is called the "United States Government" is a privately owned corporation of the Federal Reserve/IMF. It is merely an instrument whereby the banksters administer their ongoing subjugation and plunder of what was once considered "the last great hope of human freedom." All "public servants," officials, Congressmen, politicians, judges, attorneys, law enforcement officers, States and their various agencies, etc., are the express agents of these foreign principals - see Foreign Agents Registration Act of 1938; 22 USC 286 et seq, 263A, 185G, 267J, 611(C) (ii) & (iii); Treasury Delegation Order #91 - who have stolen the country by clever, intentional, and unrelenting fraud, trickery, treachery, non-disclosure, mis-representation, intrigue, coercion, conspiracy, murder (example: the murder of President John F. Kennedy and the continuing cover-up), etc.
More and more people are awakening to the truth. What do you think the American people will do as they discover that they have no more country, that they are slaves to mortal enemies, that they have been tricked and betrayed by their "leaders" who sold them out? What do you think they will do when they realize that all their alleged "public servants" are willing or stupidly compliant parties to the plunder, bankruptcy, subjugation, and ruin of their lives and country?
We have been deceived in many areas. As you study this information, you will soon learn that many of the things you have always assumed to be true, were in fact, a lie. The control of money is a subject that one needs to grasp in order to understand just how real the conspiracy to create a 'one-world totalitarian socialist government' is, for without the international financiers creating, regulating and manipulating the money supply, they would have no power.
Everything you see discussed and taught by economists, universities and other so-called "experts" in the field in regards to the monetary system is only related to the effects, not the causes. **Where money actually comes from** is never discussed, or if it is, glossed over, so that you do not ask any questions. If it seems difficult to grasp, that's because they have purposely made it very complicated to understand how their international scam works. Continue reading to find out why these criminal "banksters" do not want you to fully understand the true function of our currency system.
In the US, all currency is controlled by the Federal Reserve Banking System. Here's perhaps the *MOST IMPORTANT CONCEPT* of this article, for you to grasp, if you're ultimately going to understand the bigger picture of deceptions and lies that is being perpetrated throughout the United States, as well as the rest of the world:
The Federal Reserve Bank is NOT "federal", is NOT a "reserve", and is NOT a "bank"! The Federal Reserve Bank is a PRIVATE corporation. It is NOT part of the government. The name has been designed to deceive you. It is amazing what a name can do to immediately foster a false air of respectability from the public.
The Federal Reserve is NOT part of the government. If it were part of the government, that would mean that we would have NO national debt. Think about it. We cannot owe money to ourselves!
| National Debt Clock |
The Federal Reserve Bank is a Privately Owned Banking System, fraudulently chartered by Congress in 1913. They have almost nothing in reserve and loan out far more than they have and keep only a fraction in 'reserve' to cover the day's transactions. After 1913, the first "Federal" Reserve Notes were put into circulation in the United States, by the international "banksters" who created them.
In 1928 alone, the Federal Reserve Bank made loans (of the "gold-backed" dollar) to member banks in an amount that was SIX times the known gold supply of the world! Since 1933, when "Illuminist appointed" presidential puppet Franklin Delano Roosevelt (or FDR - whom many deluded Americans still admire to this day!) banned gold as a medium of exchange, (to prevent the imminent run on the banks) there has been almost no substance to our national economy.
However, Federal Reserve Notes were still Redeemable in Gold outside the United States of America and the same Federal Reserve Notes were still Redeemable in Silver upon Demand within the United States of America.
Illuminist, Thief, Traitor
In 1933, Franklin Delano Roosevelt cancelled (or repudiated) the Redemption of Federal Reserve Notes in gold within the United States of America and forbid the private ownership of Gold coins or bullion by Citizens, "under penalty of fine and/or imprisonment". So all of the responsible, (?) "law-abiding" (?) Citizens turned in their Gold to the Treasury, which promptly used that real Money to pay off Federal debts!
When the USA "went off the Silver Standard" in 1965, the Government again repudiated (cancelled) the Redemption of Federal Reserve Notes in silver coin (the last Lawful Money) and repudiated the Lawful Money itself!
To be Legally Valid, a Promissory Note must be in writing and have these necessary elements:
1. A recipient [the payee].
2. A Definite sum of money.
3. A promise to pay.
4. A date when such payment is due and payable.
5. The signature of the Note maker [the payor].
A "dollar note", backed by silver, issued by a bank or the government (payer) pays to the bearer (payee), an amount of silver (something to be paid), "on demand" (a time when it will be paid).
We now had Federal Reserve Notes which are Redeemable only in other Federal Reserve Notes, and "token" coinage, having little intrinsic worth, which is not redeemable in anything. That is, we have a "Note" which does not "Promise" anything, is not "Redeemable On Demand" in anything of intrinsic value, and which has been deemed to be "Legal Tender", but which is not and can never be "Lawful Money" of the United States of America. Legally, such currency is called "Fiat Money". Popularly, such fake currency is called "worthless", or "funny" money.
So just exactly what "Obligation" supposedly attaches to such a "Note" or to the use of such a "Note"? I believe that since no obligation [of redemption] any longer attaches to the purported Issuer [the Federal Reserve Banks] or the purported co-signers [the Treasurer of the United States and the Secretary of the Treasury] of such an instrument, no greater obligation could possibly attach to the first, nor any subsequent, holder or user of such a "Note".
If it costs only 3 to 4 cents to make such a "Note" (no matter what the actual "face value" of the denomination), isn't that production cost the only real intrinsic worth of the "Note"?
There used to be a statute in the UNITED STATES CODE which made it illegal to counterfeit United States coin or currency. Now that same statute makes it illegal to illegally counterfeit United States coin or currency. I guess 'legal counterfeits' are acceptable to Congress these days, since they conspired with the Federal Reserve Bank to destroy all of our "lawful" money!
In other words, "every" Federal Reserve Bank purporting to issue these "Notes" as money to its member banks and every bank issuing them to its customers as money is legally insolvent, because they cannot ever redeem a single such "Note" in Lawful Money of the United States of America. Further, they are also willfully committing fraud upon their customers, because they know that they cannot redeem those "Notes", even if their customers do not know!
Money can be classified into THREE categories:
1. "Commodity" Money - money that has "intrinsic value in and of itself", such as a gold or silver coin. Commodity money has been used throughout most of the world's history and has been very successful.
2. "Promissory" Money - a "promise" (hence the word promissory) to pay in Commodity money. An example of Promissory money would be a note that is backed by gold or silver reserves in a bank. The note is "a promise to pay in Commodity money." It therefore represents something of "real" value. The "promise" is backed by a commodity. Fairly simple concept to grasp.
3. "Fiat" Money - money which is backed by NOTHING! Fiat Money is created out of thin air and the only reason people accept it is because of *FAITH*. Fiat Money is the money we have througout the world today. Another important point to remember is that in ALL of recorded history, Fiat Money has ALWAYS collapsed and there has not been even one exception! Why? Fiat Money can be manipulated very easily by those who are involved in its creaton and distribution.
Money. Fiat Money has no intrinsic value in and of itself.
In simpler terms that means that it's completely worthless.
Today we trade copper-coated tokens, pieces of paper, and computer entries with one another. The *value* of money is all in people's heads (FAITH). The population has been brainwashed through indoctrination via the sleazy media presstitutes to never question the monetary system. Are you starting to see how controlling the information you receive, controls what and how you think about and perceive everything?
The Federal Reserve buys notes from the United States Treasury at printing cost and then loans them to the United States Government. In exhange, the government gives the Federal Reserve a government bond, which is really a fancy name for an I.O.U. slip! Often the Federal Reserve does not even have money printed. The money is simply created in a computer and is "checkbook" money. This money has no real value at all.
Furthermore, the Federal Reserve then uses the government bonds it received from the U.S. government as an asset (they count it as a reserve) and is thus able to loan to the commercial sector as well. The loans are backed by the government promise to pay the Federal Reserve. Remember, all this money has been created out of thin air and is thus backed by nothing, and furthermore, it is created as a DEBT!
The United States used to be on the gold standard, then it went to the silver standard. Now it exists on the paper standard?! Total debasement. Do you see something terribly wrong here? I certainly hope so!
Every single dollar in circulation represents a debt, because it was first *loaned* into circulation. All money is originally created out of nothing and then loaned. This is a fact! Debt Fiat Currency is much worse than non-debt Fiat currency, simply because the debt currency "enslaves" that nation. The people are the "guarantors".
Try to comprehend this - ALL money in circulaton is "debt" currency, which means that every single day, every single dollar in circulation is earning compounded interest. Very few people truly understand this and the vast majority of people simply do not want to hear or think about it. The result is that the national debt can NEVER be repaid, for if the debt were to be repaid as best as possible, THERE WOULD BE NO MONEY IN CIRCULATION! The second reason is the debt can never be repaid, because the "interest" on the debt was never created in the first place. It doesn't exist!
This interest comes out of things of REAL VALUE. This is the situation of every single nation on the planet today!! When politicians talk about the national debt being "in control," they are blatantly lying to you! They use phrases like "monetizing the debt", which you don't understand, but it sounds good, right?
"Monetizing the debt" is a sophisticated economics term to disguise the process of the government borrowing more money to keep up with the interest re-payments on the debt. Of course they never will, by the nature of how the 'false' debt was created in the first place!
Now think about this. The money that you use is nothing more than pieces of paper or computer entries which came into existence because they were "borrowed". Now this money, in and of itself, has no real commodity value of its own, yet interest is collected for its use. In essence, what has happened is a "third party" (the International Financiers) has been brought into every transaction made and collects a part of every transaction, simply because we are using their currency! In a feudalistic society, this is called a "tribute." In the real world today, it is called *extortion*!
cost to themselves (since they created it). Then they expect
that money to be paid back with the addition of interest??!
I hope you understand the core issue I am describing here.
Our monetary "system" currently in place is all a big fraud!
If you take the time to study this in depth, you will soon come to the sad realization that ALL of the wars throughout banking history have been used to create government debt, and this is a vast subject on its own. Suffice it to say that practically all conflicts in recent history have been "intentionally manipulated" to bring about more power and influence to the global elite. These criminals have a great deal of blood on their hands indeed.
When a monetary system self-destructs, the goods and services are not destroyed. They are merely transferred to those who are informed. The coming world economic collapse will achieve two primary objectives -- First, it will "destroy the middle class". Second, it will "transfer the wealth lost" to those who are bringing about the collapse. The destruction of the middle class is essential for the establishment of a socialist system. Socialism has only two classes - the rich (those in control) and the poor (slaves).
This collapse is spreading, due to the fact that nations of the world over the past twenty years have become "interdependent" on each other. The collapse is intentional and is not a result of the so-called "business cycle." Those who have awakened and converted a fair proportion of their paper assets into tangible assets such as gold, silver coins, and food (as you cannot eat gold or silver!) will be in a much better situation than those who will be caught totally by surprise. If you are in any form of debt right now, I strongly advise you to GET OUT OF IT, even if it means selling your house to pay off the mortgage! Those in debt are slaves, as they have to secede to the dictates of the lenders. The lure of easy credit in the present system has encouraged millions of people to get into some form of debt.
Here is another fact you probably did not know - banks are LEGALLY able to loan out more than they have in reserve (fiat reserves in reality). This process is called "Fractional Reserve Banking." Yet another sophisticated business title, right? Basically, a percentile limit is put on the bank and it works like this - if a bank has a percentile fractional reserve banking limit of 10 percent, it is able to loan out 90% of any deposit. Legally they have to hold 10% in reserve. The problem though is that each time the bank loans 90%, it does not loan cash. That bank merely puts the 90% into someone's account and then COUNTS THIS AS ANOTHER ASSET (a reserve)!
Then they loan 90% of the 90% they just loaned to someone else and so on and so forth. Banks can legally loan what they do not have. If the person chooses to withdraw their money, it usually ends up in another bank and the process just repeats itself from there. I hope you see something wrong with this! I also hope you take the time to look this up, as you will see that all of this is true!
"Fractional Reserve Banking" has its origins in medieval Europe, with the gold and silver merchants. People would deposit their gold and silver coins for safe-keeping with these merchants, for a small fee. The merchants soon became aware that many people were trading in the receipts (promissory money) which they issued to depositors. The merchants soon began to write out extra receipts and loan them at interest to people. This in turn caused inflation, as the purchasing power of people's receipts was lessoned. When many people awakened and demanded their gold and silver coins, the merchants were not able to cover their liabilities and thus went out of business. Today we have the same system, but the money elite are protected by the political elite.
Revenue Service (IRS), which you think are going to the
government, are not going to the government at all. You
have been deceived! The IRS is a private corporation in
business to collect debts for the international financiers!
The entire monetary system is a massive scam! It is contract fraud! It is the theft of your wealth through deception. Step by step, the international financiers and the sleazy banksters who represent them, are gaining ownership of our real assets as 'collateral' for their fake debt interest. The assets are not directly acquired by the Federal Reserve. Wealth is accrued through the continual process of inflation, which is the end result of the flooding of the economy with more and more worthless "Fiat" Money. Inflation is in reality a "hidden" tax.
The money received is taken out of circulation, to prevent the rampant inflation that would occur due to the constant creation
of more worthless Fiat money, but only the elite control this!
This system ensures that the wealth is slowly transferred from the middle class to the upper class. How? Now, pay close attention. When the government finds itself with a budget deficit (which is basically always the case) it needs more money to cover costs.
The government then "borrows" this money from the central bank. This money is created out of nothing and thus the extra money in the economy leads to inflation, because the supply of money exceeds the available goods and services. The thing to pay attention to though, is that when the money first enters the economy, the economy does not react immediately by raising the prices of goods and services.
There is a delay, as the people do not yet realise that there is more money in the system. Because of this, the government is able to spend this new money by paying the old prices. Those closest to the bureaucracy do very well. By the time the money filters down to everyone else, the public has reacted to the inflated economy and thus the public has to pay more for everything. It is a very subtle way to transfer wealth and it has been working very well for the global elite.
When a person makes something and sells it, it increases the value of the money in supply, because the goods and/or services increases. When "Fiat" Money enters the system, that person loses a little bit of their wealth. A basic understanding of these processes is important to grasp in order to gain an accurate perspective on reality.
It is an incredible scenario indeed, but sadly, it is true! When you try to explain this to people, you will find that very few will listen to you, or dismiss what you say as the rantings of a lunatic.
The International Financiers and the politicians continue these processes and the nations involved get deeper and deeper into debt - and there is NO way out of it, because the interest was never created. The interest comes out of YOU! Then, when a nation gets into trouble, along comes the "International Monetary Fund" and the World Bank to "LOAN" more money, so that the nation in question can keep up with their interest re-payments. Remember a "tribute" would be a more accurate term than "interest", because nothing of value was actually loaned. It is all psychological.
These International Financiers are the greatest and most successful criminals ever to walk the face of the Earth and many politicians are aware of this system, yet they do not say or do anything about it, because they are more worried about their paychecks and career, so they have sold their nations out. They are traitors in every sense of the word! Hard words - but true nonetheless.
Compare a $50 dollar bill to a $100 dollar bill or a $1000 dollar bill and ask yourself why is the $1000 dollar bill worth more? Also, why is the $1000 dollar bill worth $1,000? Isn't it solely because people "believe" it is worth something? Think about it.
Now there is so much more to learn than this and I suggest that you also study monetary history, so you can understand how we got to where we are at present.
Learn about the economic treaties which fall under the "Global Agreement on Trade and Tariffs" (GATT), such as the "North American Free Trade Agreement" (NAFTA), "Asia Pacific Economic Cooperation" (APEC), and "European Union" (EU).
All of these treaties and tariffs have been designed to "lower the standard of living" in the developed nations, via a transfer of wealth (this is exactly what has been happening - and you think it is all an accident?). With these treaties, world governments remove tariffs and trade protections, thus forcing small business to compete on equal terms with transnational corporations. They have a nice word for this too - they call it "economic rationalism." There is nothing rational about it, unless you want to transfer industry to large corporations and lower the standard of living in developed nations.
Economic rationalism is based on a free market working in laissez-faire (free enterprise) society. Free market economics worked when all business was small and contained within national borders. When corporations arose in the mid-to- -late-1800's and soon became recognizedd as a "corporate personality," corporations gained the ability to control the "market price" of a commodity. This violated the rules and conditions of genuine free market economics.
A corporation is able to sustain a loss in an area to drive out competitors, but can remain viable because of profits made in another area. The mixed economy was introduced by governments to combat this and it worked very well. Economic rationalism totally ignores these factors and has thus insured the scenario which has developed in the world today. The name "economic rationalism" is in itself a clever use of words which do not mean what people think they do and thus is another example of yet more "mind control."
To further understand how this both ensures the destruction of small business, high living standards and the environment, it is important to note that a transnational corporation with a factory situated in Asia does not have the same health and safety regulations, or the same expenses in wages or environmental regulations to submit to, as a small business, who produces the same goods located in Australia.
Transnational corporations can pack up and move shop whenever required, while a small business cannot do this. Transnational corporations also have the ablitiy to control the market price and thus are able to destroy small businesses. What we have is big business and government working hand in hand. This is defined as CORPORATE FASCISM, even though the government will not tell you this is the definition. It happened in Germany with Hitler and now it is happening again in the United States, except it is on a much larger scale than that - a worldwide scale!
Our so called representatives sell us these economic treaties, by claiming they will offer increased competition and thus a better product with a cheaper price. Has this actually happened? NO, it has not! We have been lied to! Small business is in trouble, unemployment grows and an oligarchy has been created. But the average person continues to buy into these lies and the same people believe that all this is happening by accident. Sit back, THINK, and look at what HAS happened, and IS happening. Can you really believe that all of these things, which result in the International Financiers and the owners of transnational corporations obtaining more political power and wealth, occurred by accident?
Privatization is also another one of those nice sounding concepts which the people are buying into. Under privatization, a nation sells off its publically owned assets and services. The result is that the control of these assets and services ends up in the hands of internationalists.
have ever been undertaken in the history of the world. The
wealth is not being transferred among the common people,
but exclusively into the hands of the criminal global elite.
Now with regards to the political leaders who are meant to represent the people who live in their nations ("democratic" nations), look up the word TREASON in the dictionary and remember what it says.
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