Negatives of the Federal Reserve System
Discover the Negatives of the Federal Reserve System. It’s a Private Bank, You’re Being Scammed Out of Your Wealth and Labor, it Enslaves All Americans, etc.
Let’s look into some of the negatives of the Federal Reserve System.
Before getting into some Fed Facts, we’ll take a look at a few quotes that illustrate the fraud and deception of the Federal Reserve.
“This [Federal Reserve Act] establishes the most gigantic trust on Earth.
“When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized… the worst legislative crime of the ages is perpetrated by this banking and currency bill.”
– Charles A. Lindbergh, Sr. , 1913.
“The Federal Reserve bank buys government bonds without one penny.”
– Congressman Wright Patman, Congressional Record, Sept. 30, 1941.
“[A central bank] is a curse to a Republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”
– Andrew Jackson.
NOTE. The Federal Reserve IS A CENTRAL BANK!
“The Federal Reserve banks are one of the most corrupt institutions the world has ever seen.
“There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.”
– Congressman Louis T. McFadden (speaking in the Senate).
The men quoted above lived in a time before the amazing banking propaganda that now pervades America.
We would be wise to listen more closely to their warnings regarding the negatives of the Federal Reserve System.
Government Bankruptcy
When President Franklin D. Roosevelt signed off on HJR-192, the citizens of the United States had no idea that they’d just been sold into financial slavery.
HJR-192 effectively declared the fraud bankruptcy of the government.
The U.S. Government was broke and indebted to an extremely powerful force.
Bankrupt to whom? To the privately owned Federal Reserve Bank. The government owed the Federal Reserve money it didn’t have.
As part of the bankruptcy, the U.S. Government pledged the labor of its current citizens as well as all future citizens.
From that day forward, before you were born, you had been made a
slave to the elite, private banking cabal.
A Private Corporation
Yes, the Federal Reserve is a private central bank!!
The 1982 Ninth Circuit court case of LEWIS v. UNITED STATES, 680 F.2d 1239 ruled that the Federal Reserve Bank is privately owned.
“Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Federal Reserve Banks are not federal instrumentalities for purpose of the FTCA, but are independent, privately owned and locally controlled corporations.
“Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region.”
Inflation
“The new law (Federal Reserve Act) will create inflation whenever the trusts want inflation.
“From now on, depressions will be scientifically created.”
– Charles A. Lindbergh.
“… it’s interesting to know that if we had lived in ancient Rome with a one ounce gold coin we would’ve been able to buy a very fine toga, a hand-crafted belt and a pair of sandals that was the price in Rome.
“Today, if we have a one ounce gold coin what can we buy with it?
“We can go into any men’s store and buy a very fine suit, a hand-crafted belt and a pair of shoes.
“The price of these items hasn’t changed in thousands of years when expressed in terms of real money but when expressed in terms of these things we carry around in our pockets called Federal Reserve notes which is not really money at all, fiat money anyway.
“…the prices keep going up and up and up because the value of those units keeps going down and down and down because they keep making more and more and more of them and dumping them into the economic soup.”
– G. Edward Griffin, The Creature From Jekyll Island.
“Every Congressman, every Senator knows precisely what causes inflation… but can’t, [won’t] support the drastic reforms to stop it [repeal of the Federal Reserve Act] because it could cost him his job.”
– Robert A. Heinlein, Expanded Universe.
Ruining America
In 1913, President Woodrow Wilson signed off on the Federal Reserve Act and committed treason against his country.
He allowed into existence a United States central bank that would be allowed to bully the American people into paying a fraudulent and unconstitutional income tax.
“I am a most unhappy man. I have unwittingly ruined my country… Our system of credit is concentrated.
“The growth of the nation, therefore, and all our activities are in the hands of a few men.
“We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world.
“No longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.’
– Woodrow Wilson.
More Quotes
“We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit.
“If the banks create ample synthetic money we are prosperous; if not, we starve.
“We are absolutely without a permanent money system…. It is the most important subject intelligent persons can investigate and reflect upon.
“It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon.”
– Robert H. Hamphill, Atlanta Federal Reserve Bank.
“Charging interest on pretended loans is usury, and that has become institutionalized under the Federal Reserve System.”
– G. Edward Griffin.
“I have never seen more Senators express discontent with their jobs…
“I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country.
“Deep down in our heart, we know that we have given our children a legacy of bankruptcy.
“We have defrauded our country to get ourselves elected.”
– John Danforth (R-Mo).
Educate Yourself
What more do you need?
The people who are the producers in America are being scammed by the banking elite.
While the producers slave away in their little shack homes, the bankers create money from nothing and steal the wealth of the land through the Federal Reserve, the illegal United States central bank.
The bankers produce nothing and contribute nothing but misery and slavery to the people.
Educate yourself on why your debt is impossible to pay off because the interest must be paid with more borrowed money.