THE 1913 "FEDERAL" RESERVE CAN BE
TERMINATEDThe "Fed" is an 87 year old fraud, a private banking cartel in
control ofour entire monetary system - which has masqueraded from 1913 to
2000 as alegitimate part of the U.S. government! It is felonious - thus the
UnitedStates Congress has willingly permitted a fraudulent usurpation of
powers,therefore all involved should be prosecuted individually and
collectivelyunder the RICO act for racketeering and for allowing
continuation of theFederal Reserve Act.Furthermore "The privately owned
Fed" was granted immunity to federal
audit or taxation!
The private corporation is deceivingly named the "Federal Reserve".
Itsstock is owned by mostly foreign banking interests, stock which can
legallybe repurchased by the United States for its initial capital
investment of$462,000,000 according to Senator Russell Long of Louisiana who
was Chairmanof the Senate Banking Committee when the act was passed. Ref.
Section 30 ofthe Federal Reserve Act of 1913. The appreciated value of
the stock wouldnot have to be paid, only the initial cost of $462,000,000.
This privatelyowned banking cartel have collected many trillions of dollars
of profit fromillegal ownership of the United States monetary system in
direct violationof the US
Constitution. The United States
can legally buy back the Federal Reserve votingstock. The country will then
own all of the Federal Reserve assets stored inall the Federal Reserve
Vaults plus all 12 Federal Reserve Banks. TheTreasury will own all the gold,
silver, yen, pounds, lira, rubles, federalreserve notes etc. of the Federal
Reserve and all the debt of the UnitedStates of America that may now be
owned by the Fed through bonds,securities, or other instruments given by the
U. S. Treasury. The bonds,securities, and the balance of the "National Debt"
owned by banks,individuals, insurance companies, mutual funds, etc. could be
called in bythe Treasury of the U.S., and payment in full of principal and
interest duecould be made with legitimate Federal Reserve Notes, which would
thenlegally be honored as legal tender by the Treasury.Article I,
Section 8, paragraph 5 of the constitution of the USA states;"The Congress,
shall have Power to coin money, regulate the value thereof,and of foreign
coin." Congress has the Power under Paragraph 18, "to makeall Laws
which shall be necessary and proper for carrying into execution theforegoing
Powers."Congress does not have the power to delegate authority to "Coin
money" toanyone, nor to give a private cartel of bankers the authority to
createpaper currency.Currently, the U.S. Treasury prints "Federal
Reserve Notes" which are"monetized" by phony contracts and documents
of the Federal Reserve banks.The Treasury prints the paper currency,
delivers it to the Federal Reservecartel, which then "monetizes" the
currency "out of thin air" and puts thisvery same currency into circulation
as "coin of the realm" by creating afalse "National Debt" which is charged
back to the American people.
Milton and Rose Friedman
from: " radical ideas for the 21st Century" ."Replace the Federal
Reserve System with a computer."
The approximate - and ever
changing - numbers look something like this:US FEDERAL INCOME
REQUIREMENT:$ 450,000,000,000 currently derived from Income
Taxes$1,250,000,000,000 derived from Imposts, Excises,
Duties,Tariffs,Gasoline, Phone, Airline,etc. $1,700,000,000,000 -total
amount requiredto operate the United States Government.US FEDERAL
EXPENDITURES:$ 450,000,000,000 payment to the private
stockholder (cartel) of the"US Federal Reserve"$1,250,000,000,000
remaining expenses (military, payrolls, highways,welfare, social sec.
etc)$1,700,000,000,000 total amount required for Government
operations.The "FED" can be re-purchased and eradicated under existing
laws! When thereis no debt, there will be no need for an Interest
expenditure, thus no needfor Income taxes as Income, because they will
cancel each other out! The IRSwould no longer be required. Repeal the
Federal Reserve Act of 1913.
--Dr. Alan Keyes
speech about the American income tax system prompted thefollowing response
from an unknown author:"The income tax system is just too juicy for the
terrocrats to give up. Doyou have any idea what it would cost them to hire
enough people to compilethe dossiers that we *automatically* hand over each
year? What moreingenious system of population control could one devise than
to arrange asystem where the subjects voluntarily file a report that lists
just aboutanything the terrocrat can imagine?It tells where you stash
your cash and other valuables, it tells all aboutyour kids and their
progression until they start filing their own reports,it tells about your
doctors and dentists, it reveals your housing situationand preferences, it
tells who else
