I dont know how many times I have read and heard this statement, "End the Fed", and never really understood why. I didnt even know exactly what the Fed was. So, I started doing a bit of homework and this is what I have found out.
The Fed, or the Federal Reserve, is the central bank of the United States of America. A central bank produces the single currency for an entire nation. They are able to control interest rates and inflation because they control the money supply. They loan the government money, with interest. They regulate the value of the currency. This is a system that produces one thing, which is debt.
Our central bank is a private corporation, makes its own policies and, like other central banks, loans its money at interest. Some issues with this system are starting to become visible.
In 1933 the gold standard for our currency was abolished and money then became "legal tender" This means that for every dollar printed its equal value in gold was no longer stored away. "Legal tender" is backed by nothing, it is worthless paper. Its value is only in how much is in circulation. This puts a lot of power in the hands of the Federal Reserves. They then had the power to regulate the circulation of money, which then regulates the value of it.
The Federal Income Tax, from what I have been reading, is unconstitutional. It is unconstitutional because the Federal Income Tax is unaportioned; the constitution says that all direct Federal taxes have to be aportioned (apportioned tax= every citizen pays the same lump sum amount). It was also never ratified, which means that not enough states approved it before it was passed.
There is no law that says a person needs to pay this tax. This is no small fee, 35% of the average workers income is taken in this tax; which is about four months of work out of a year. This could be justified if this money was going into our school systems or healthcare systems, but its not. Its goes to pay the interest that the government owes to the Federal Reserve Banks.
There is a lot evidence of corruption behind this central banking system. Congressman Louis McFadded said the following in 1932,
"When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is—the Fed has usurped the government.”
He was then poisoned before he was able to start a movement to end the Fed.
I recommend each of us educating ourselves. Below is the link to Wikipedia, which explains the basic history of the Fed. This is where I started my research
Below is a link that I recommend profusely. This is a documentary that uncovers the hidden truth behind the Fed. I took notes on the information they were saying, and when I googled each piece of info I discovered that it was accurate.
The Fed, or the Federal Reserve, is the central bank of the United States of America. A central bank produces the single currency for an entire nation. They are able to control interest rates and inflation because they control the money supply. They loan the government money, with interest. They regulate the value of the currency. This is a system that produces one thing, which is debt.
Our central bank is a private corporation, makes its own policies and, like other central banks, loans its money at interest. Some issues with this system are starting to become visible.
In 1933 the gold standard for our currency was abolished and money then became "legal tender" This means that for every dollar printed its equal value in gold was no longer stored away. "Legal tender" is backed by nothing, it is worthless paper. Its value is only in how much is in circulation. This puts a lot of power in the hands of the Federal Reserves. They then had the power to regulate the circulation of money, which then regulates the value of it.
The Federal Income Tax, from what I have been reading, is unconstitutional. It is unconstitutional because the Federal Income Tax is unaportioned; the constitution says that all direct Federal taxes have to be aportioned (apportioned tax= every citizen pays the same lump sum amount). It was also never ratified, which means that not enough states approved it before it was passed.
There is no law that says a person needs to pay this tax. This is no small fee, 35% of the average workers income is taken in this tax; which is about four months of work out of a year. This could be justified if this money was going into our school systems or healthcare systems, but its not. Its goes to pay the interest that the government owes to the Federal Reserve Banks.
There is a lot evidence of corruption behind this central banking system. Congressman Louis McFadded said the following in 1932,
"When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is—the Fed has usurped the government.”
He was then poisoned before he was able to start a movement to end the Fed.
I recommend each of us educating ourselves. Below is the link to Wikipedia, which explains the basic history of the Fed. This is where I started my research
Below is a link that I recommend profusely. This is a documentary that uncovers the hidden truth behind the Fed. I took notes on the information they were saying, and when I googled each piece of info I discovered that it was accurate.
After learning all of this, now I understand why I keep hearing people say, "End the Fed."
Excellent blog post Kelly!
ReplyDeleteJust read your “End the Fed” article. Awesome job! Thank you for putting this up.
ReplyDeleteKeep digging Kelly as you will be quite surprised to discover what is truly behind the Fed and what keeps it afloat.
In the movie, The Matrix, Neo was told to follow the “White Rabbit”, but in the case of understanding the Fed it’s “follow the money”.
And by following the money I don’t mean tracking the wealth of the ultra wealthy or powerful. That is what they want you to do and that trail is always a dead end. The real trail of the money needs to be followed back to the pocketbooks of all people of this world. It is here that you will see the truth behind the Fed.
Hide in the shadows as they do, deceive as they believe they must, the Fed’s fear driven, oppressive intention of separation between the elite and the rest of society is not upheld by politicians or corporations or even the police / military enforcement arm of the system.
What allows the Fed and all central banks of the world to operate with complete and utter autonomy is society’s insatiable and destructive desire to get their “a piece of the pie” before someone else. People believe that if given the chance they can find love, safety and comfort through debt.
The undoing of the Fed is the undoing of society’s belief that they can get what they deserve by attacking and triumphing over another person’s freedom. This is what the Fed teaches society for enslaving people to debt is at the center of its foundation.
There is no such thing as debt without there being a slave and his master. But what people overlook is that even a slave master is a slave for they cannot punish a member of their own family without feeling the effects of their punishment.
Just to give some additional perspective as to the nature of the Fed’s influence, and the intention of banks in general, here’s a few quotes.
ReplyDeleteAll but one of them were said publicly between 120 to 70 years ago.
_________________________
“A bank’s objective isn't to control the conflict, it's to control the debt that the conflict produces. You see, the real value of a conflict, the true value, is in the debt that it creates. You control the debt, you control everything. You find this upsetting, yes? But this is the very essence of the banking industry, to make us all, whether we be nations or individuals, slaves to debt.
~ Umberto Calvini – the character from the movie The International in a pivotal scene where he explains the “true” nature of banking in the world. I know, it’s from a movie but you will be hard pressed to find a more succinct explanation of the true intention of banks, such as the U.S. Federal Reserve. ~
_________________________
"Let me issue and control a nation's money, and I care not who writes its laws"
~ Meyer Amchel Rothschild - Meyer Rothschild is not only one of the founding fathers of the United States Federal Reserve Bank, he and his family are the primary owners in the world’s central banks. ~
_________________________
"It is well enough that 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 ~
_________________________
"I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies"
~ Thomas Jefferson~
Nice post, Kelly. Sounds like you're well on your way to understanding this crooked system.
ReplyDeleteFYI, the most insightful thing I ever read on the topic of money is a great little number by Murray Rothbard. The Mises Institute makes it freely available in many formats. The audio book version is super convenient.
See you at running club!