Comments And Quotes On The Federal Reserve

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    Comments And Quotes On The Federal Reserve - Presentation Transcript

    1. Hello Carrie: We'll have to talk after class. I really appreciate this information. I've seen many of those quotes but many of them are new to me. Interestingly, there is an article in the NY times (yesterday/today) about a Milwaukee school system (Whitefish Bay) that got scammed as well. I'm really not sure how this is going to go but it just doesn't seem good. I'll be reading as much as I can on the Federal Reserve, but the more I read the worse it sounds. I put together a compilation of the quotes below from this article and some other places. There are some new ones so I thought you may find it interesting. Tom -JEFFERSON: “I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” -MADISON: “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -Franklin claimed that this was the basic cause of the Revolutionary War. “The colonies would gladly have borne the tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.” -“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. -JEFFERSON Jefferson, as the new Secretary of State, watched the borrowing with sadness and frustration. “I wish it were possible to obtain a single amendment to our constitution taking from the Federal Government the power of borrowing.” Accused war criminal Henry Kissinger has observed \"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.\" President John Adams noted the need for education when he said \"All the perplexities, confusion and distress in America arises, not from want of honor or virtue, but from the downright ignorance of the nature of coin, credit and circulation.\" President Woodrow Wilson, the person who signed the Federal Reserve Act into law, subsequently stated: \"I am a most unhappy man. I have unwittingly ruined
    2. my country. A great industrial nation is controlled by its system of credit. 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.\" Senator Louis T. McFadden On May 23, 1933 the Chairman of the House Banking and Finance Committee, Senator Louis T. McFadden spoke out against the Federal Reserve owners: \"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed have cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it. Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime Lewis v. United States The courts have ruled that the Fed is a private corporation. For example, a 1982 court ruling regarding the Federal Reserve Bank (Lewis v. United States, 680 F.2d 1239) came to this conclusion. \"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 Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations.\" Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that
    3. there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.\" Woodrow Wilson in chapter 1 of his 1913 book The New Freedom, published by Doubleday, Page & Co \"The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson, and I am not wholly excepting the administration of W.W. (Woodrow Wilson). The country is going through a repetition of Jackson's fight with the Bank of the United States -- only on a far bigger broader basis.\" Written by President Franklin Roosevelt to Colonel Edward Mandell House, November 21, 1933. Ron Paul understands the Fed and testified, \"Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. It is time for Congress to put the interests of the American people ahead of the special interests and their own appetite for big government A few months later the ranking Republican on the House Budget Committee, Rep. Paul Ryan (R-Wisconsin), said the U.S. is headed toward bankruptcy and \"all the actuaries, all the objective scorekeepers of the federal government, are predicting this.\"

    + Carrie MadisonCarrie Madison, 2 years ago

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