In a booklet entitled "Billions for the Bankers, Debts for the people", the author, Sheldon Emry, explained very well the corruption of the Federal Reserve. In the following article, I have summarized some of the key points made in this booklet.
When the Founding Fathers of the United States, who understood both money and God's laws, wrote the Constitution of the U.S., they insisted on placing the power to "create" money and the power to control it only in the hands of the Federal Congress. It thus states in Article 1, Section 8, Clause 5 of the Constitution that Congress, and only Congress, shall have the power to "coin money and regulate the value thereof."
But in December of 1913, Congress passed what has since been called the Federal Reserve Act, which completely removed from Congress the right to "create" money or to have any control over its "creation", and gave this function over to the Federal Reserve (a private corporation controlled by Bankers for their own financial gain rather than for the good of the people).
Because the Congress made this infamous decision to pass the Federal Reserve Act of 1913, a small group of "privileged" people have been given the right to create billions of dollars in money and credit which, as their own personal property, they have lent to the U.S. Government at interest, interest which they did not create.
Although it is the people who have sweated to make the production of the country which gives value to the money, these small handful of Bankers have been able to say that they can create the symbol of this production, which is the money, call it their own personal property, and lend it out to the country at interest. And the consequences have been disastrous!
In March of 2001, the experts stated that the federal debt of the U.S. had reached the $5.4 trillion mark, which makes a debt of $20,200 for every American. And this does not even include the state, city, and personal debts.
If all of America was signed over to the Federal Reserve to try to pay off this debt, the country would still owe the Fed the equivalent of two more Americas, if not more! The American people are becoming tenants and "debt-slaves" to the Bankers and their agents on the land their forefathers had conquered and built. Our children and following generations will be paying this debt for ever and ever! We are coming to a point where, eventually, the Government will own nothing, the people will own nothing, and the Bankers will own everything! And to think that the Bankers obtained this debt against the country for the mere cost of paper, ink, and bookkeeping, for all they did was to create money out of nothing by writing numbers in ledger books, and then lend it to the Government at interest.
Way back in the 1700's, Thomas Jefferson had warned the American people about such a thing happening. He said: "If the American people ever allow private banks to control the issue of their money, the banks and corporations that will grow up around them (the banks) will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered!"
It is conquest through the most gigantic fraud and swindle in the history of mankind. And to think that the key to their power and wealth is simply their being allowed to create money out of nothing, and then lend it out at interest. If they had not been allowed to do that, they could never have gained secret control of the nation.
During the Great Depression of the 1930's, America had everything going for it, with skilled and willing workers, a highly efficient transportation system, industries, good farmland. But they lacked an adequate supply of money to carry on trade and commerce.
What the people were not told is that the Depression was brought about on purpose. The Bankers deliberately withheld $8 billion from going into circulation by refusing loans to the population while, at the same time, demanded payment on existing loans. Money was thus rapidly taken out of circulation and not replaced. Although there were plenty of goods to buy and plenty of jobs to fill, there was very little money available. Food was thrown into the ocean while people went hungry. Twenty-five percent of the workers were laid off. The greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties.
To end the Depression, the United States Government borrowed huge sums of money from the Federal Reserve for military equipment for World War II, which put a new supply of money into circulation. People were hired back to work, industries began to blossom, farmers sold their produce, and the economy bloomed. The same Bankers, who in the early 30's had no loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend the Government for war purposes. It really boggles the mind when one understands how much corruption can come about because the money of a country is privately owned and controlled.
It is the same corruption on a worldwide scale. The International Bankers, the hidden controllers of the countries, purposely instigate wars, financing both sides of the same war, to frighten the people into going billions of dollars into debt for national defense. It does not matter to them who wins or loses a war as long as all the countries involved are further in debt to the Bankers. They even financed Communism, and then turned around asking for foreign aid to stop the Communism that they financed.
The Bankers purposely try to corrupt the people so it will be easier to control them, sweeping away anything that is honorable, such as morals, religion, family, love of country. They encourage drug use, alcohol, pornography, and crime. And they deliberately prevent real cures for diseases, stir up social and racial unrest, and work to degrade the educational system.
It was Henry Ford Sr. who once said: "The youth who can solve the money question will do more for the world than all the professional soldiers of history." It is not too hard to understand why!
America must again become a debt-free nation. The Congress of the United States must again be allowed to create and control the money of the country, without interest nor debt. A $60,000 loan made to build a house should require only $60,000 in repayment (with a little service fee), not $255,931 as it is in many cases today.
A debt-free America would mean that mothers would not have to work, but could remain home with their children. Juvenile delinquency would decrease rapidly. The elimination of usury and debt would be the equivalent of a 50% rise in the purchasing power of every worker. The Bankers would no longer be able to steal billions of dollars from the people every year in interest. America would become the envy of the world, being prosperous and powerful beyond the wildest dreams of its citizens.
The people must demand of their elected representatives in Washington that they repeal the Federal Reserve Act of 1913, and return back to Congress the power to create its own money, interest and debt free. And then simply erase the debt! Being it was made with the ink from a pen, it can be erased with a pen eraser. Write to your U.S. Congressmen and Senators, asking them to take action now.
The salutation and address for the U.S. Congress is: The Hon. (first name) (last name), U.S. House of Representatives, Washington, D.C. 20515. The salutation and address for the U.S. Senate is: The Hon. (first name) (last name), United States Senate, Washington, D.C. 20510.
You may also write to the President of the United States. His letters may be addressed to: The President, The White House, Washington, D.C. 20500.
But we must keep in mind that if we want our politicians to act, they must have the support of the people. This is why public opinion must be formed and people be educated on this subject if we wish to get anything accomplished along this line of monetary reform.
Leaflets on the Federal Reserve and the corrupt money system in general can be ordered in any quantity and free of charge, although donations are always welcome. Many like to distribute our leaflets on parked cars and house to house. You may order our leaflets from: "Michael" Journal, P.O. Box 485, Williamsburg, MA 01096, or write to our head office at: 1101 Principale Street, Rougemont, P.Q., Canada J0L 1M0.
Remember: All that is needed for the triumph of evil is that good men do nothing!
By creating money out of thin air And lending it out at interest, The Federal Reserve System Has created a huge monster: The $5 trillion national debt.