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The Federal Reserve What Is It? Who Is It? President Woodrow Wilson promised in his campaign speech to get the Federal Reserve Act passed, and on December 23, 1913, the Federal Reserve Act was passed and signed by the President that same night. Under a controlled environment Congress delegated to a consortium of private financiers, gigantic powers that almost surpass comprehension. This power group was organized and seized the control of the monetary system of the United States, thus complete power of the U.S. This group of private financiers get together and issue our money. You can look at any Federal Reserve note and see who has issued the note. It is not issued by the Treasury. It is an obligation of the United States government, but it is not issued by the United States government. It is issued by one of the twelve branch banks of the Federal Reserve System. There are twelve of these, and each one of them has been given the power to issue currency, and can do so in any quantity it desires. This Federal Reserve system can also set interest rates. They can set the interest rate at 50 percent, or one percent. The Federal Reserve can create inflation, or deflation at will. It can determine the money supply, and has acquired complete control over the American economy. Under this kind of system the President of the United States and members of Congress have become servants of those who control the monetary system. This is same situation exists in ever nation of the Western world. England has the privately controlled Bank of England; Germany has the privately controlled Reichsbank; France has the privately controlled Banque de France; and the Bank of Italy is very similar. Each of these banking systems wee set up by government action, and every one of them is operated by a group of private financiers for the benefit and profit of the financiers. The Federal reserve Act is absolutely un-Constitutional. Congress is mandated by Article 1, Section 8, paragraph 5 of the constitution to "cong money (and to) regulate the value thereof." section 10, paragraph 1 of Article 1 declares that "no state shall...make anything but gold and silver coin a tender in payment of debts." In other words, any money that is not issued and controlled by the United States Government, and any money that is not redeemable in gold or silver, does not consist of coins in gold or silver, is un-Constitutional money. In 1934 Franklin D. Roosevelt following the desires of the bankers got the Gold Reserve Act passed which gave the Federal Reserve System all the gold that was in fort Knox. They gave it to them as an outright gift. They did not even ask for a receipt in return for the gold. This was a time when gold could be produced for about $12 an ounce. Americans who owned gold were told, under penalty of felony, that they had to turn in all their gold coins to the United States government or to the Federal Reserve System. All they received in return for their gold was Federal Reserve notes at around $22 for every ounce of gold. Then President Roosevelt got an act passed by Congress raising the price of gold bullion to $35 an ounce. Between 1934 and 1941 the Federal Reserve System was buying gold from all over the world at $35 an ounce, when it was only worth about $12. The amount of gold in the Federal Reserve system increased from $3 BILLION to about $23 BILLION during that period, at the expense of the taxpayer. As of 1954 the Federal Reserve System owned about twenty-eight thousand tons of gold in Fort Knox. Between 1955 and 1972 this gold was sold to foreign investors. As it was sold, the gold was taken out of Fort Knox and placed in the vaults of the New York Branch of the Federal Reserve system. These foreigners can sell this gold at any time they wish, and there will be no income tax on their profits. Nor is it. necessary to reveal the names of those who now own what was once the wealth of the American people. If you will read Section 895 of the Internal Revenue Code, you will find the loopholes for foreign investors spelled out in so many words. Study the monetary laws along with the provisions of the Internal Revenue Code and you will soon find out who really owns and controls this nations monetary system. In addition to these un-Constitutional activities, the federal government has now assumed thousands of different programs that not only lack any Constitutional authority, but are categorically prohibited by the Constitution. As a result of what has been happening while the people have been sleeping, and not fully realizing what's been taking place, the American people find themselves under a powerful despotism which has merged us into a socialist type of welfare state. Poverty discourages people from thinking for themselves, and allows the government to go beyond its Constitutional authority. Those with some degree of wealth and success are too important and informed to care as they bask in false security, and fail to realize they are only robots to those who control the real money. The interest paid on the national debt is a major source of profit to the private financiers who own the Federal Reserve. Do they want the national debt paid? Certainly not! Do they want Congress to cut spending? Certainly not! They don't even want a balanced budget. They love it! This cluster-trot of government waste, foreign-aid, welfare, medicaid, medicare, social security, environmental programs, global warming, public education, liberalism, socialism, communism, drugs, crime and financing uprisings and wars are only a few of the items they finance. The Federal Reserve Program is only one part of the conspiracy behind the conspiracy, international bankers, the Council on Foreign Relations (CFR), the United Nations (UN), the ILLUMINATI, all in union to forming the "One World Government." Congress has the power to repeal the Federal Reserve Act any day that it wants. Congress can amend it or abolish it. Congress can get the UN out of America and America out of the UN. Congress is America's only hope. That is why it is so important to vote and know exactly for whom you are voting. Ninety-nine percent of those in Congress today need to repent and change their ways. They have absolutely no accountability to the voters. This is wrong, and it is our fault. *COPYRIGHT NOTICE** In accordance with Title 17 U. S. C. Section 107, any copyrighted work in this message is distributed under fair use without profit or payment to those who have expressed a prior interest in receiving the included information for nonprofit research and educational purposes only.[Ref. http://www.law.cornell.edu/uscode/17/107.shtml ] Want to be on our lists? Write at [EMAIL PROTECTED] for a menu of our lists! Write to same address to be off lists! <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. 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