How We Lost Control of the Federal Reserve
Instead of the Constitutional method of creating our money and
putting it into circulation, we now have and entirely unconstitutional
This has brought our country to the brink of disaster, as we shall see.
Since our money was handled both legally and illegally before 1913, we
shall consider only the years following 1913, since from that year on,
all of our money had been created and issued by an illegal method that
will eventually destroy the United States if it is not changed. Prior
to 1913, America was a prosperous, powerful, and growing nation, at peace
with its neighbors and the envy of the world. But in December of 1913,
Congress, with many members away for the Christmas Holidays, passed what
has since been known as the Federal Reserve Act. (For the full story
of how this infamous legislation was forced through our Congress, read "Conquest
or Consent", by W. D. Vennard).
Omitting the burdensome details, it simply authorized the establishment
of a Federal Reserve Corporation, run by a Board of Directors (The Federal
Reserve Board). The act divided the United States into 12 Federal Reserve "Districts."
This simple, but terrible, law completely removed from Congress the right
to "create" money or to have any control over its "creation",
and gave that function to The Federal Reserve Corporation. It was accompanied
by the appropriate fanfare. The propaganda claimed that this would "remove
money from politics" (they did not say "and therefore from
the people's control")and prevent "boom and bust" economic
activity from hurting our citizens.
The people were not told then, and most still do not know today, that
the Federal Reserve Corporation is a private corporation controlled by
bankers and therefore is operated for the financial gain of the bankers
over the people rather than for the good of the people. The word "Federal" was
used only to deceive the people.
More Disastrous than Pearl Harbor
Since that "day of infamy", more disastrous
to us than Pearl Harbor, the small group of "privileged" people
who lend us "our" money have accrued to themselves all
of the profits of printing our money -- and more! Since 1913 they
have "created" tens of billions of dollars in money and
credit, which, as their own personal property, they can lend to our
government and our people at interest (usury).
"The rich get richer and the poor get poorer" had become the secret
policy of the Federal government. An example of the process of "creation" and
its conversion to peoples "debt" will aid our understanding.
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