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Abolishing the Federal Reserve System

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  • Article I of the U.S. Constitution: "Congress shall have the Power to Coin Money and Regulate the Value Thereof."

    The number one issue in my mind should be what IS the biggest threat to our constitution and freedoms. That is the privately held bank more formally known as the Federal Reserve System, which is neither Federal, or a Reserve, and is ultimately a privately held corporation.

    The system allows these bankers to create money out of thin air and charge us interest on that money create from nothing. The domino effect caused by this "system" is madness.

    The Federal Reserve Banks are owned by the following:

    1. The Rothschild Family - London
    2. The Rothschild Family – Berlin (It is believed that the Rothschilds, together,
    hold 53% of the U.S. Federal Reserve stock)
    3. The Lazard Brothers - Paris
    4. Israel Moses Seiff - Italy
    5. Kuhn, Loeb & Co. - Germany
    6. The Warburgs - Amsterdam
    7. The Warburgs - Hamburg
    8. Lehman Brothers - New York
    9. Goldman & Sachs - New York
    10.The Rockefeller Family - New York.

    The faster we return to the constitution which provides for our government to create and coin money the better. Taking back our money system would significantly reduce, solve or eliminate many of the issues listed in the Unity 08 American Agenda.

    The following are some tidbits of what can be found on the web, something the banking concerns have not been able to control up to this point.

    Abraham Lincoln was the last President to issue such debt-free and interest-free currency (in February 25th and March 4th, 1862). After the war, realizing the Union's real enemy was Rothschild, the President, emphasizing the Constitution, made it crystal clear to Congress that:

    The privilege of creating and issuing money is... the supreme prerogative of government!
    ABRAHAM LINCOLN.

    He was assassinated shortly afterwards... Coincidence? Maybe..

    On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy's order gave the Treasury the power "to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." This meant that for every ounce of silver in the U.S. Treasury's vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

    With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver. The Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it?

    Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. Coincidence? Again Maybe.

    Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee from 1920 to 1931, clearly voiced his opinion about the ethics of this institution:

    "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 McFadden also said the following words before the House of Representatives in the midst of the Great Depression, 1932. It is relevant today, 2024, as we are definitely heading towards a NEW DEPRESSION ERA, as the debt burden is quickly eliminating the Middle Class.

    "Every effort has been made by the Federal Reserve Board to conceal its power. But the truth is, the Federal Reserve Board has usurped the government of the United States. It controls everything here; and it controls our foreign relations. It makes or breaks governments at will. No man, and no body of men, is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve Banks.

    "These evil-doers have robbed this country of more than enough money to pay the national debt. What the National Government has permitted the Federal Reserve Board to steal from the people should now be
    restored to the people. The people have a valid claim against the Federal Reserve Board and the Federal Reserve Banks. If that claim is enforced, Americans will not need to stand in bread lines. Homes will be
    saved. Families will be kept... What is needed here is a return to the Constitution of the United States. The old struggle that was fought out here in Jackson's day must be fought over again. The Federal Reserve Act should be repealed; and the Federal Reserve Banks - having violated their charters - should be liquidated
    immediately. Faithless government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict the American people - outraged, robbed, pillaged, insulted, and betrayed as they are in their own land - will rise in their wrath and send a President here who WILL sweep the money changers from the temple."
    --Congressman Louis T. McFadden

    Even Alan Greenspan, former Chairmen of the Federal Reserve, has criticized the U.S. monetary system in 1966, saying:

    "The abandonment of the gold standard made it possible for the welfare statists [government bureaucrats] to use the banking system as a means to an unlimited expansion of credit."

    Congressman Wright Patman, in 1942, Explained Exactly How the Federal Reserve and its Private Banking Ownership is Stealing the Wealth of Every American.

    Despite numerous attempts by former Congressman Patman and others who called for an audit of the books of the Federal Reserve System, no audit has been made by the government since the Federal Reserve took over our money and credit in 1913.

    • In 1952 Congressman Wright Patman of Texas (who was the House Banking Chairman until 1975), said:

    "In fact there has never been an independent audit of either the twelve banks of the Federal Reserve Board that has been filed with the Congress ... For 40 years the system, while freely using the money of the government, has not made a proper accounting." Patman said that the Federal Open Market Committee (who, in addition to the Board of Governors, decides the country's monetary policy) is "one of the
    most secret societies. These twelve men decide what happens in the economy... In making decisions they check with no one -- not the President, not the Congress, not the people."

    During his career, Patman sought to force the Federal Reserve to allow an independent audit, lessen the influence of the large banks, shorten the terms of the Fed Governors, expose it to regular Congressional review just like any other Federal agency, and to have only officials nominated by the President and confirmed by Congress to be on the Federal Open Market Committee.

    In 1967, Patman tried to have them audited, and on January 22, 1971, introduced House Resolution H.R. 11, which would have altered its organization, diminishing much of its power. He was later removed from the Chairmanship of the House Banking and Currency Committee, which he held for years.

    • In 1967, Arthur Burns, the Chairman of the Federal Reserve, said that an
    audit would threaten the "independence" of the Reserve.
    • In 1975 a bill, House Resolution H.R. 4316, to require an audit was introduced
    in Congress. During the April, 1975 hearings, Sheldon Emry submitted a statement favoring the audit, as did many others. Due to pressure from the money controllers, it was not passed.
    • During the 1980's, Rep. Phil Crane of Illinois introduced House Resolution H.R. 70 that called for an annual audit of the Fed (which never came to a full vote), and Rep. Henry Gonzales of Texas introduced H.R. 1470, that called for the repeal of the Federal Reserve Act.
    • On March 1, 1982, the Arizona State Legislature, as well as a number of other
    states passed a resolution calling for the abolishment of the Federal Reserve
    System.

    The Federal Reserve System has never been audited, and their meetings, and
    minutes of those meetings, are not open to the public. They have repelled all
    attempts to be audited.

    "I sincerely believe that banking institutions are more dangerous than standing armies."

    "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

    --Thomas Jefferson (1743-1826),
    3rd American President

    I am not an expert on this subject, just an interested and inquisitive bystander, do your own research and understand who's thumb our government representatives are really under and who our real enemies are "foreign and domestic", and then lets elect someone who will is willing to take care of business.