Thank you for stepping up Nedl.  I hope I didn't slight you by not including you in the Big Three.

Unfortunately Nedl your answer is incorrect.  But thank you for your participation.

Let's see we're now over 35 minutes into this post but no response from bigbrother, darylmaximus, or Nigel.  Maybe their wives have them doing the supper dishes.  bigbrother did find time to take a jab at me in the Obama's Winning Muscatine post about 18 minutes ago which tells me bigbrother is aware of this thread.

I'm a patient man. 

naw..joey... I control my postings. You'll not receive what you wish on your terms at all.

he he he he he he he he Later.....when I wish.....

 

 I would love to hear what they have to say also. I would not hold your breathe though, they seem to shy away when asked to do some serious debates. here is my answer. so banks could manipulate the money system and create large amounts of wealth for themselves.

 

The Truth of the Federal Reserve System

The biggest financial crime in the history of the United States

Dear Citizen :

In this short article I will discuss the basic mechanics of the biggest financial crime in the history of the United States and some elements of how this crime, conducted by the Federal Reserve System, is cheating all Americans every day out of the wages which they receive for their labor. A future article will discuss how the savings which Americans are putting aside for their future are being slowly and steadily stolen by this same group. But there is first a even more important question to ask : While you have recently seen the media discuss the financial scandal regarding the Enron corporation why haven't you heard one word about what I am about to discuss which in size makes Enron look like a ant compared to Mount Everest?

From the beginnings of our nation there was a great debate and battle over many years regarding a basic question of how the nation will function : Who shall issue the money of the nation? The answer to the question of who shall issue ( make ) the money of the nation boiled down to 2 possibilities -

1. The government shall use the sovereign powers granted to it via the Constitution to issue money.
2. A private corporation, established via legislation, shall take over the function of issuing money.

While a fuller understanding of the history of the battles over this issue can be found at the various forums and websites to which we will refer you to for greater information the quickest summation of the answer to the problem is that :

1. Government issue of money is constitutionally, monetarily, and financially the soundest policy for the prosperity of the nation.
2. The issuance of the money of the nation by a private corporation leads to the draining of the resources of the nation to the private corporation which controls the issuance of money.

The summated result of this action is that the private corporation, unaccountable to the people of the nation, controls the nation as it controls the flow of money within the nation. As part of a mountain of evidence that the private corporation controls the nation I refer you now to the following website :

http://www.algaoaktree.com/MoneyMenu.htm

You will be taken to a website which has the best explanation of the money situation that I know of and it is here where you will learn of the total corruption of the Federal Reserve System, the private corporation which currently controls the issuance of money within our nation.

Please take your time and read the many extremely well written articles at this site completely. After reading the articles on this site you may ask one of the questions which I did upon learning the truth of our monetary system : Even though the subject of money is a somewhat technical one, why isn't the information found on this site more well known to the citizens of our nation?

The answer to the above question is, that while the history of our nation has included many battles over the question of who shall issue the money of the nation, that after the last victory of the private corporations in their attempt to control the money issuance ( and hence life ) of the nation there has been a virtual complete blackout of the facts and truths regarding money issuance and its vital importance to the nation. I refer to this phenomenon at various places within this website as " The Matrix " - the coordinated control of the mass media in order to both suppress information and to indoctrinate the citizens of the nation as to how they will think, what they will believe, and how they will act. Due to " The Matrix " the information which you will discover regarding the truth of money issuance in our nation is not published in newspapers, discussed on television, spoken of on the radio, printed in magazines, or taught in college ( or even any academic ) courses. Even CPA's and many other professions with college degrees of advanced standing will not know of the simple and vital truths regarding the issuance of our nations money which you can study at the website noted above. And the reason for this is simple as I shall explain in the following quick example.

This example is the distilled essence of the money issuing question. The actual process is of course more complicated but it all can be boiled down to the following :

Our nation was founded on the following money issuing principle which I shall refer to as Principle 1 :

The government ( A ) issues money, BASED ON THE AUTHORITY OF THE CONSTITUTION, to the people ( B ) for its circulation among the people to develop the commerce of the nation. The government is funded by the return of that issued money via taxes specified by the Constitution. These taxes are known as " indirect " taxes and include what are known as tariffs, excises, and imposts. The money which the government issues is ( here is a extremely important point ) INTEREST FREE.

PRINCIPLE 1 :

A---------------------B
( government ) ( people )

money issuance is from A to B, government to people, money issued is INTEREST FREE and returns to fund government via " indirect " taxes.

Example : For simplicity we will here presume that the nation is just starting out and that there is no money in existence. The process will hence proceed as follows :

1. Government wants to have 1 billion dollars in circulation to aid commerce within the nation.
2. Government issues 1 billion dollars into circulation to both aid commerce and to pay for government activities.
3. Government is funded by monies received via indirect taxes.
4. Government owes no money, either interest or principle, to any private interest as a result of this process.
5. No " direct " taxes ( such as a income tax ) are either needed nor imposed for either the functioning of government or to pay the principle or interest of any loan to any private corporation.
6. FACTS : Under Principle 1 our nation grew to be the greatest nation in the world ( most powerful and wealthiest ) WITHOUT a income tax.
7. So much revenue was produced by Principle 1 to run the government that the legislators in Washington literally didn't know how to spend it all and had regular surpluses in government funding.

For the mass majority of the history of the nation THERE WAS NO INCOME TAX.

The money of our nation is currently issued according to what I shall label as Principle 2. Principle 2 is the OPPOSITE of Principle 1 :

The government ( A ) issues money, BASED UPON UNCONSTITUTIONALLY GIVING ITS MONEY MAKING AUTHORITY TO A PRIVATE BANK, by BORROWING it from the private bank AT INTEREST.

PRINCIPLE 2 :

C---------------------A-----------------B
( private bank ) ( government ) ( people )

private bank makes money out of nothing.

I will repeat that again ( it is extremely important ) :

the private bank ( stealing the constitutional function of the government ) MAKES MONEY OUT OF NOTHING - AND THEN LOANS IT WITH INTEREST TO THE GOVERNMENT

Example - For simplicity we will here presume that the nation is just starting out and that there is no money in existence. The process will hence proceed as follows :

1. Government wants to have 1 billion dollars in circulation to aid commerce within the nation.
2. Government goes to private bank and asks for 1 billion dollars.
3. Private bank, usurping authority of government, creates 1 billion dollars from nothing.
4. Private bank loans bank created money AT INTEREST to government.
5. Government issues 1 billion dollars into circulation.
6. Government now owes 1 billion dollars PLUS INTEREST to private bank.
7. Private bank demands " collateral " for " loan."
8. " Collateral " for " loan " comes from the hides of the American people.
9. Personal income tax is imposed upon the American people to pay for the INTEREST AND NOT THE PRINCIPLE OF THE " LOAN."

Greater explanation of example :

1. government BORROWS 1 billion dollars as a " loan " from the private bank.
2. private bank gives a 1 billion dollar credit to the government ( makes the money out of thin air ).
3. government now OWES 1 billion dollars PLUS INTEREST to private bank.
4. private bank only created " money " for the principle and NOT the interest.
5. Even if government paid back the 1 billion dollars it would STILL owe the " INTEREST " on the " loan."
6. Therefore government must take out a second loan ( L2 ) to pay the interest on loan number 1 ( L1).
7. Private bank creates " money " for principle of loan L2 but NOT the interest of loan L2.
8. Government, even after paying off the interest of loan L1, and the principle of L2, still owes the interest of L2 as that was ( in our example ) never created yet.
9. Government must take out loan number 3 ( L3 ) to pay the interest on L2.
10. This process must be infinitely repeated as the interest to pay a loan is never made when the loan is made and must be obtained for payment of the previous loan by a new loan for the interest itself.

Ultimate results of Principle 2 :

1. The nation is FOREVER in debt to the private bank.
2. The accumulated debt and interest on the loans from the private bank only grows greater. It will NEVER be smaller.
3. More and more of the labor of the citizens of the nation must be spent in paying interest to the private bank for their " loans " to the nation.
4. Income taxes are unconstitutionally imposed by the hijacked government which is now under the control of the private bank and they are continually raised to pay interest to the private bank for the " privilege " of its " loan " to the nation.
5. The debt to the private bank, WHICH YOU KNOW AS THE " NATIONAL DEBT," can NEVER be smaller nor or can it ever be paid ( go to www.algaoaktree.com and click on the " money " link for the reasons why this is true ).
6. The financial and monetary policies of the nation are dedicated not to serving the interests of the citizens of the nation but to serving the interests of the real controllers of the nation and its future - the private, and unaccountable, bank which enslaves the citizens to it as it drains off the resources of the nation as its profit for allowing the nation to use the money substitute which it created out of nothing.

The interest free money of principle 1 noted above is referred to as " United States Notes." This is money put into circulation based on the sovereign power of the government. The money substitute of principle 2 noted above, that which carries a interest charge imposed by the private bank on the American people for the privilege of using it, is called " Federal Reserve Notes." They are the " money " which you carry with you now because the Federal Reserve is the private bank which has seized control of the issuance of money in our nation and now imposes its will upon the American people - demanding collateral for their " loan " and receiving payment in the form of the unconstitutional income tax - for the privilege of loaning us our own money ( a process you will learn by going to the website http://www.algaoaktree.com/MoneyMenu.htm) noted above.

What is the difference between Federal Reserve Notes and United States Notes? The answer is that Federal Reserve Notes have a interest charge to them which requires a payment of that interest to the private bank that issued them. United States Notes have no interest charge. Therefore the following can be stated:

Since in 1996 approximately 40% of the United States budget went to the payment of interest on the national debt the replacement of Federal Reserve Notes by United States Notes would eliminate interest payments to the private Federal Reserve System and would save 40% of the budget.

40%

40% of the federal budget equals BILLIONS of dollars.

For, dear citizen, the Federal Reserve System has been swindling our nation of BILLIONS of dollars for YEARS - year in and year out. And I have only described to you ONE of the major ways in which you are swindled; this being via the income tax and the " interest " which the Federal Reserve charges. In later articles I will discuss a even greater swindle ( stealing your savings ) which the " FED " perpetrates.

But to sum up the problem, it is Principle 1 as noted above and planned by our founders which was to free our nation from control by corrupt forces which wanted to drain the nation for their own profit. The forgotten, ignored, and largely suppressed money history of our nation shows that many battles were fought over this issue; most prominently by Presidents Andrew Jackson, and Abraham Lincoln.

The " Greenbacks " which Lincoln issued in order to finance the Union victory in the Civil War were interest free money which saved the nation millions when the banking establishment of the time wanted to gouge the Union by charging 30 to 40% for any loans to the nation. In the same way the nation today can issue interest free United States Notes and save billions and billions of dollars which can be used for the true growth of the nation - building roads, hospitals, schools, energy facilities, and all of the things which our nation needs to become economically prosperous once more - rather than paying that money ( and the labor it represents ) to a parasite private bank which has seized control of the monetary and financial life of our nation and now sucks it dry as it drains our nation like a vampire upon the citizens.

For it is the inherent weakness of the Federal Reserve System, which you shall learn about at the forums and websites which we shall note, that leads to the need for 2 parents to work to support a family, the rise in prices, the devaluation of our currency, the impoverishment of our citizens and the collapse of the middle class of our nation, and many other symptoms of a decaying economy.

Yet the knowledge which you will find at and via this website is kept from the general public. Why? Because the mass majority of our media is owned and controlled by those who profit off of the actions of the private bank known as the Federal Reserve. Additionally the mass majority of our politicians, including Senator Boxer here in California, feed off of this same system and have been purchased " lock, stock, and barrel " by the financial forces which profit by helping the vampire Federal Reserve System. This duet of politicians and the media with the addition of their controllers comprises a significant part of " The Matrix."

Could politicians institute " United States Notes " and save the country billions of dollars in lost money each year while also totally eliminating a need for a personal income tax ( even if it was legal which it is not )? Yes, they could - but they would be out of office tomorrow if they tried to do it due to the complete control which the Money Mafia, the Federal Reserve System, and " The Matrix " exercises over our political system.

For the battle to stop the financial vampire of private banking control over the issuance of the nations money has been going on for many years and in the days of Lincoln's fight against the bankers the following comments were written in the London Times which give a hint of the same magnitude of the battle which we have today :

" If that mischievous financial policy, which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe." ( Emphasis added ).

In Lincoln's time the banking elite realized that interest free money, freed from the control of the parasite private banks, was a deadly and mortal threat to their existence and had to be stopped at all costs. This is why you see no discussion in the media or in academia of the issues which I have raised here. They are controlled by the vise-like grip of the banking cartel which controls our nation including you, your future, and ( especially ) the future of your children.

Isn't it time to apply the " 40% solution " and go back to " United States Notes?"

Isn't it time to stop the control of our nation by the private bank known as the " FED," once and for all ?

Isn't it time to stop paying your hard earned money to a private bank as tribute for its conquering of the American financial and monetary system?

Isn't it time to free our children and the generations to come from the private banking vampire which has sucked our nation dry and will keep on doing so unless we stop it?

A History Of U.S. Paper Money

(The notes depicted here are for illustrative purposes ONLY)

If you want to know why Gold is anathema to bankers and financial authorities, take a a good close look at these Notes. The history of the move away from Gold in the 20th century is printed right on them.

"Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless" Ludwig von Mises. For the ultimate illustration of the truth of this statement, we give you the German Reichsmark of the early 1920s

REAL Paper Money

1913: $50 Gold Certificate
The last of the true Gold Certificates - the Federal Reserve was instituted in December 1913. This is a completely honest and upright money. It says so right on the certificate:

What you are looking at here is a money substitute. Any holder of this certificate held title to 2.41896 troy oz of Gold (at $US20.67 per troy oz.) which could be redeemed at any bank or from the U.S. Treasury itself at any time.

Enter The Federal Reserve

1914: $1 Federal Reserve Bank Note
At the time this was issued, a "note" was well understood to be a promise of payment. Accordingly, this is prominently labelled as a "Federal Reserve Bank Note".

And what is this Note redeemable in? Here's what it says: "Secured By United States Certificates Of Indebtedness Or One-Year Gold Notes, Deposited With The Treasurer Of The United States Of America". The Note was directly redeemable in Treasury debt, but it was not directly redeemable in Gold.

It's Money Because We Say It Is

1928: $100 Gold Certificate
The last of the U.S. Gold Certificates. This certificate was discontinued in 1934 - the same year as the U.S. ceased to issue Gold coinage and made it illegal for Americans to own Gold.

While the statement that the certificate is redeemable in Gold coin still appears, there is this ominous addition imprinted on the "Gold Certificate" stamp.

"This Certificate Is A Legal Tender In The Amount Thereof In Payment Of All Debts And Owen Public And Private". "Owen" is an archaic form of the verb "owe", meaning "to be in debt".

Redeemable In What?

1934: $1000 Federal Reserve Note
As it says right on the note, "The United States Of America Will Pay To The Bearer On Demand One Thousand Dollars". But what is it redeemable in? "Lawful Money".

It says so right on the note: "This Note Is Legal Tender For All Debts Public And Private And Is Redeemable In Lawful Money At The United States Treasury Or At Any Federal Reserve Bank".

In 1934, Gold was no longer "lawful money". In fact, this note was "redeemable" in another note just like it, or 10 "$100s", or 50 "$20s", or 1000 "$1s" - you get the picture.

Remember These?

1963: $1 Federal Reserve Note
The U.S. probably printed more of these than any other note in its history. When they first came out, you could buy quite a lot with one. Now, the U.S. $1 Dollar bill is being phased out.

The recognition of what a "note" is is no more. There is no statement about what this note can be redeemed in anywhere on it. Nor does the Fed bother to point out that the note is "lawful money" - just try and spend anything else! The Note simply states: "This Note Is Legal Tender For All Debts Public And Private". That's it.

The New U.S. Paper Money

1997: $50 Federal Reserve Note
Here is a specimen of the new "counterfeit proof" U.S. paper currency (the "$100s" came out in 1996). As far as what is written on the note, there is not much to distinguish it from the $1 note above. The only discernible difference is the markedly inferior engraving.

But look at the portrait of Ulysses S. Grant, and then scroll up to the first example on this page. Same man, radically different "money". This is counterfeiting of a much more blatant kind than the mere copying of what is already just a piece of paper.

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.

After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that 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? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve's control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt - war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment. As America's debt reaches unbearable levels and a conflict emerges in Bosnia that will further increase America's debt, one is force to ask, will President Clinton have the courage to consider utilizing Executive Order 11110 and, if so, is he willing to pay the ultimate price for doing so?

For a more detailed examination of Executive Order 11110 see the link below:
www.john-f-kennedy.net/executiveorder11110.htm