>>>> This is for the Jacobso liar and idiot.
Hello yougenie. I've been absent for a week only to find, on my arrival back
home, you are still whining.
Here is a list of the owners of the Federal Reserve and little more
information for you.
WHO OWNS THE FEDERAL RESERVE
Here are the principle owners;
The Rothschild Family – London
The Rothschild Family – Berlin
The Lazard Brothers Paris
Israel Seiff – Italy
Kuhn-Loeb – Germany
The Warburgs – Amsterdam
The Warburgs – Hamburg
Lehman Brothers – New York
Goldman Sachs – New York
The Rockefeller Family – New York
Seven of the ten or 70%% of the owners of the Federal Reserve Banks are
~ ON JUNE 4 1963, President John F. Kennedy Signed Executive Order #11110,
stripping the privately-owned Federal Reserve Bank of its power to loan
money to the United States Federal Government at interest. With the stroke
of a pen, President Kennedy declared that the privately-owned Federal
Reserve Bank would soon be out of business.
~ When President Kennedy signed this Order, it returned to the Treasury
Department the Constitutional power to create and issue money without going
through the privately- owned Federal Reserve Bank. United States Notes were
then issued as an interest-free currency.
~ President Kennedy was assassinated on November 22 1963 and the United
States Notes he had issued were immediately taken out of circulation.
The Federal Reserve Bunk
By Harry V. Martin
Copyright FreeAmerica and Harry V. Martin, 1995
Article I, Section 8, Clause 5, of the United States Constitution provides
that Congress shall have the power to coin money and regulate the value
thereof and of any foreign coins. But that is not the case. The United
States government has no power to issue money, control the flow of money, or
to even distribute it - that belongs to a private corporation registered in
the State of Delaware - the Federal Reserve Bank.
The Federal Reserve System was established by President Woodrow Wilson in
1913. The premise used by President Wilson and his financial advisors for
the establishment of the Federal Reserve System was to "supplant the
dictatorship of the private banking institutions" and "to stabilize the
inflexibility of national bank note supplies". The previous system of
banking was "feudal" in nature, in which private bankers control communities
and could issue their own bank notes. They had little regulations concerning
reserve assets and loan policies. Banking was a patch-quilt of institutions
scattered across the face of the nation with no central policy.
With the advent of the Federal Reserve a new currency was issued - Federal
Reserve notes, which at the time were based on the gold standard. The
Federal Reserve was to unite and supevise the entire banking system, control
the expansion or contraction of currency, and regulate the flow of money to
the commercial banks through the establishment of 12 Federal Reserve Banks.
The Federal Reserve is controlled by private banking interest and by
Presidential appointment - but it is still a private organization and not a
government entity. In 1913, President Wilson's creation of the Federal
Reserve System established a three-tier monetary system in the United
States - the holders of money (public, government, business and
institutions; the commercial banks that borrow from the public and issue
loans; and the central bank or Federal Reserve that has a monopoly on the
issuing of money. The Federal Reserve is technically owned by the commercial
FEDERAL RESERVE CONTROLS THE MONEY, NOT THE GOVERNMENT
The monetary policy of the United States is the domain of the Federal Resene
Bank and not the government. This process is in direct contradiction of the
U.S. Constitution that reposes the responsibility of the monetary system
with the Congress of the United States. On April 27, 1936, hearings were
held by the House Committee on Banking and Currency. The preamble of the
bill - HR 9216 of the Seventy-fourth Congress, states, "The committee had
under consideration the bill (HR 92163 to restore to Congress its
constitutional power to issue money and regulate the value thereof; to
provide monetary income to the people of the United States at a fixed and
equitable purchasing power of the dollar, ample at all times to enable the
people to buy wanted goods and services at full capacity of the industries
and commercial facilities of the United States; to abolish the practice of
creating bank deposits by private groups upon fractional reserves, and for
The Congress declared, "Whereas the permanent welfare of the people and the
protection of the economic life of the Nation are dependent on the
establishment of a monetary system wholly subject to the control of Congress
that will promote the interests of agriculture and labor, of industry,
trade, commerce, and finance for the economic well being of all citizens by
the maintenance of an adequate supply of money with a unit of fixed average
purchasing power, which will avoid excessive expansion or disastrous
contraction." That preamble led to the body of the text. "Section 1. That it
is hereby declared to be the policy of Congress to provide such issuances of
certificates of national credit as shall be requisite so to increase the
purchasing power of the consumers of the United States as to make it conform
to the capacity of the industries and people of the United States for the
production and delivery of wanted goods and services, which capacity be
declared to be the measure of national credit." The Congress attempted to
issue non-interest bearing Treasury Notes. A Federal Credit Commission
linked to the Secretary of the Treasluy was the goal of Congress.
The Commission was to consist of seven commissioners appointed by the
President with approval of the U.S. Senate. U.S. citizenship was a prime
requirement and they could not have more than four from one political party.
It was also made unlawful for anyone to interfere with the commission. The
concern of Congress was that banks were issuing loans without the backing of
real deposits and that it was controlling money based on the price it
attracted on international money markets or by the amount of interest they
could charge. The Congress wanted to withdraw from the banks the right to
issue credit on fractional reserves, and leave the banks the right to issue
credit on account of actual deposits, which means that permanent money will
be loaned not bank manufactured money.
"By this bill, Congress resumes its constitutional duty of issuing money and
regulating its value, a duty and a right which it has long been abdicated to
the private banking system," read the preamble of the bill. The bill would
have eliminated the private manufacture of money - a direct contravention of
the mandate of the Constitution, which places the right to coin money in the
hands of Congress.
PAYING OFF THE NATIONAL DEBT
The bill would have allowed the nation to pay off its national debt and stay
out of debt. In one year's time, with this bill, the national debt could
have been paid, and without any tax increases, plus it would have allowed
for full employment. "Because of the unsound practice of relying on the
private manufacturing of monetary credits by private groups, you are
preparing to lay heavier taxes on the shrunken income of the people, without
hope of balancing the Budget perhaps for years to come," was the testimony
of Allen B. Brown, chairman of the New Economic Group. Remember, this
testimony is in 1936. "In order to meet the Budget deficits, this
administration and the preceding one committed themselves to a program of
borrowing, so that now the national debt has doubled with every prospect of
further increase. More than half of this great sum of added debt represents
merely book figure which the banks have lent the Government. To pay for
their service of writing figures on their books and canceling the Government
checks in their clearing system, the Government has engaged to tax the
American people. They must pay back the billions of book figures with sweat
and labor, with goods and services to which they are now denied access of
purchasing power for their families, and they must pay enormous debt
charges." Brown said that the bill before Congress would "put a stop to this
process of privately manufacturing monetary credit for the use of business
out of added government debt."
"The banks manufacture, without borrowing it, the monetary credit which they
loan to the Government. For every dollar they themselves contribute to the
loaning process, they manufacture 10 credit dollars, and call them their
own, although they base the credit dollars on human sweat and labor and
productive genus that is not their own." The comments by Brown was a direct
slap at the Federal Reserve System - that was only 23 years old, at the
time. "The crying fault of our prevailing money system is its impermanence.
It fluctuates wildly in volume, because it is debt-money, loans, and subject
alternately to the fears and the sanguine expectations and speculative
propensities of its private owners who have become the debt-masters of all
business." He added, "We need to be delivered of the curse of a money system
that is not owned, as a cash-credit system, by the American people. We want
no longer a system that can at any time be cancelled out of existence with
the dumping of pledged securities and, simultaneously, with the depression
and deflation of all the physical and intangible assets of the American
The bill would have ended immediately the private monetary credit inflation.
The Federal Reserve can create money out of nothing, simply printing it,
lending it and printing more. You could have guessed that this bill never
became law in 1936 - the banking interest was too powerful.
KENNEDY TRIED TO CHANGE IT
In 1963, President John Kennedy wanted an end to the Federal Reserve System,
which had a strangle-hold on the United States and virtually the world. By a
simple stroke of the pen, President Kennedy dismissed the Federal Resene
System and ordered the U.S. governmcnt to restore its Constitutional-mandate
of controlling the money. President Kennedy was dead three weeks later. When
President Lyndon Johnson took office, he immediately rescinded Kennedy's
order and the Federal Resene won another round.
Representative Charles A. Lindberg, Sr., the father of the famous aviator,
was a member of thc Banking and Currency Committee. He opposed the Federal
Reserve Act and gave a speech on January 20, 1915. "The system is private,
conducted for the sole purpose of obtaining the greatest possible profits
from the use of other people's money, and in the interest of the
stockholders and those allied with them." Representative Louis T. McFadden,
chairman of the Housing Banking and Currency Committee, stated on June
10,1932, "Some people think the Federal Reserve Banks are United States
Government institutions. They are not Government institutions. They are
privatc credit monopolies that prey upon the people of the United States for
the benefit of themselves and their foreign and domestic swindlers; and rich
and predatory money lenders."
FOREIGN BANKERS OWN MAJORITY OF FEDERAL RESERVE
More that half the shareholdings in the Federal Reserve Bank arc controlled
by large New York City banks, including National City Bank, National Bank of
Commerce, First National Bank, Chase National Bank, and Marine National
Bank. When Rockefeller's National City Bank merged with J.P. Morgan's First
National Bank in 1955, the Rockefeller group owned 22 percent of the shares
of the Federal Reserve Bank of New York, which in turn holds the majority of
shares in the Federal Reserve System - 53 percent. But who really owns what?
Here arc the top controllers of the Federal Rwerve Bank
1. Rothchild banks of London and Berlin.
2. Lazard Brothers Banks of Paris.
3. Israel Moses Seif Banks of Italy.
4. Warburg Bank of Hamburg and Amsterdam.
5. Lehman Brothers Bank of New York.
6. Kuhn, Loeb bank of New York.
7. Chase Manhattan Bank of New York, which controls all of the other 11
Federal Rwerve Banks.
8. Goldman, Sachs Bank of New York.
This ownership combination has been challenged by the Federal Reserve Bank,
but a study of Standards and Poors will verify the ownerships. This means
that the controlling interest of our national monetary system is foreign. In
1797, John Adams wrote to Thomas Jefferson, "All the perplexities, confusion
and distress in America arise, not from defects of the Constitution or
Confederation; not from any want of honor or virtue, as much as downright
ignorance of the nature of coin, credit and circulation." In simple terms,
the United States Government borrows money from the Federal Reserve Bank
with interest. Here is how it works: The Government wants $1 billion. The
Federal Reserve prints $1 billion - based upon no hard asset - and lends it
to the Government at a high interest rate. The bank did not have the
original money, it created it and made a bookkeeping entry - like you
writing yourself a check without funds and cashing it. The Federal Reserve
controls the flow of money, making it tight and creating unemployment or
printing more than actually exists and creates inflation. It is, in
wessence, a paper corporation, which controls the entire economic well-being
of the nation.
No Congress, no President has been strong enough to stand up to the
foreign-controlled Federal Reserve Bank. Yet there is a catch - one that
President Kennedy recognized before he was slain - the original deal in 1913
creating the Federal Reserve Bank had a simple backout clause. The investors
loaned the United States Government $1 billion. And the backout clause
allows the United States to buy out the system for that $1 billion. If the
Federal Reserve Bank were demolished and the Congress of the United States
took control of the currency, as required in the Constitution, the National
Debt would virtually end overnight, and the need for more taxes and even the
income tax, itself. Thomas Jefferson was concise in his early warning to the
American nation, "If the American people ever allow private banks to control
the issuance of their currency, first by inflation and then by deflation,
the banks and corporations that will grow up around them will deprive the
people of all their property until their children will wake up homeless on
the continent their fathers conquered."