{"id":64082,"date":"2017-01-21T22:45:11","date_gmt":"2017-01-22T02:45:11","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=64082"},"modified":"2017-01-21T22:45:11","modified_gmt":"2017-01-22T02:45:11","slug":"the-federal-reserve-creates-unlawful-currency-that-is-backed-by-nothing","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=64082","title":{"rendered":"The Federal Reserve creates unlawful currency that is backed by nothing."},"content":{"rendered":"


\n\"\"<\/a>End The Fed (Public Group)<\/p>\n

You see, the simple truth is that The Federal Reserve System is neither \u201cfederal,\u201d nor does it have any \u201creserves.\u201d The Fed is a system of private banks, owned by rich foreign and American bankers. It is the biggest scam ever perpetrated upon the American people. The Fed is the reason we have inflation and an enormous national debt, which, by the way, will NEVER be paid off, since The Fed would rather have the interest on the loan (the national debt) than the principal, because they make trillions of dollars from the US being in debt. \u201cBut wait a minute! Doesn\u2019t the US government control The Fed? Doesn\u2019t the President appoint the Chairman of the Federal Reserve?\u201d<\/p>\n

Well, yes, the President does appoint the Chairman but NO, the US government does NOT control The Fed. Quite the opposite. The Fed actually controls the US government.\u00a0 Baron M. Rothschild once wrote, \u201cGive me control over a nation\u2019s currency and I care not who makes its laws.\u201d Well, The Fed not only controls the US currency, but it also controls our politicians<\/p>\n

THE MEETING AT JEKYLL ISLAND: Back in 1910, Jekyll Island (an island off the coast of Georgia) was privately owned by a small group of millionaires from New York, including William Rockefeller and J.P. Morgan.\u00a0 Their families would travel to Jekyll Island to spend the winter months. There was a brilliant structure there, the clubhouse, which was the center of their social activities. The island has since been purchased by the state of Georgia, converted into a state park and the clubhouse has been restored. If you were to visit the clubhouse and walk downstairs, you would come to a door with a plaque stating: \u201cIn this room the Federal Reserve System was created.\u201d<\/p>\n

In November of 1910, Senator Nelson Aldrich sent his private railroad car to the railroad station in New Jersey.\u00a0 From there, he and six other men traveled under the cloak of secrecy to Jekyll Island.\u00a0 They were told to arrive separately at the railroad station, not to eat together, not to speak to each other, and to act like they were strangers.\u00a0 They were told to avoid newspaper reporters since they were well-known people, and reporters would have wondered why these seven prominent men were all traveling together. Once they got on board the train, the deception continued. They were told to use first names only, not to use their last names at all.<\/p>\n

A few of the men used pseudonyms.\u00a0 Once they arrived at Jekyll Island, they spent over a week hammering out the details of what eventually became the Federal Reserve System.\u00a0 When they were done they went back to New York. After the meeting at Jekyll Island, for several years, these men denied that there ever was a meeting.\u00a0 It wasn\u2019t until after the Federal Reserve System was established in 1913 that they then began to talk openly about their secretive trip and meeting at Jekyll Island. As a matter of fact, they wrote books, magazine articles, and gave interviews to reporters, so now it\u2019s possible to go into the public record and learn exactly what happened there off the coast of Georgia.<\/p>\n

CONVINCING THE PUBLIC: The next thing was to \u201csell\u201d The Fed to the public. The first draft of the Federal Reserve Act as it was presented to Congress was called the Aldrich Bill (named after the sponsor, Senator Nelson Aldrich). \u00a0However, since Aldrich was so identified with big business interests, the people were outraged and Congress voted it down. \u00a0But, just like Congress does today, they took the bill, rearranged the paragraphs, took Aldrich\u2019s name off the bill and found a couple of Democrats (Carter Glass and Robert Owen) to sponsor the new bill. Since everybody \u201cknew\u201d that the Republicans represented big business and that Democrats represented the \u201ccommon man,\u201d this was a brilliant move. The Aldrich Bill had morphed into the Glass-Owen bill, and the new bill was perceived as being totally different from the Aldrich Bill.<\/p>\n

The next step was for Aldrich and Vanderlip to give speeches and interviews to newspaper reporters condemning the Glass-Owen Bill. They would frequently state that the new bill would be \u201cruinous to banking and terrible for the country.\u201d\u00a0 By the time the American public would read that comment in the local newspaper, he would gullibly say, \u201cGee whiz, I reckon if the big bankers don\u2019t like the bill very much then it must be pretty good.\u201d With this kind of expert tactics and deception, the public didn\u2019t stand a chance. \u00a0It is no surprise that popular support was finally gained for the bill and on December 22, 1913 the bill was passed by Congress and the following day was signed into law by President Wilson. As author G. Edward Griffin states, \u201cthe creature from Jekyll Island finally moved into Washington, DC.\u201d<\/p>\n

After the passage of the Federal Reserve Act, Congressman Charles Lindbergh stated:\u00a0 \u201cThis Act establishes the most gigantic trust on earth\u2026.When the President signs this Act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized\u2026.The new law will create inflation whenever the trust wants inflation\u2026.From now on, depression will be scientifically created.\u201d That\u2019s right, Lindbergh stated that future depressions would be \u201ccreated\u201d by the bankers. Louis McFadden, Chairman of the House Banking Committee during the 1930s, said about the stock market crash of 1929: \u201cIt was not accidental; it was a carefully contrived occurrence. The international bankers sought to bring about a condition of despair so that they might emerge as ruler of us all.\u201d\u00a0 Since 1913, the Federal Reserve Act has been amended over 100 times, with each amendment expanding the power and reach of the Federal Reserve System to \u201ccreate money out of nothing.\u201d<\/p>\n

___
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