Take A Moment To Educate Yourself!
The following is an article written by Melvin Sickler
America's greatest problem: Its debt-money system!
The corrupt Federal Reserve Corporation
If you would ask any American citizen what the Federal Reserve is, he probably would tell you that it is a government agency that creates all of the money to run the United States. This, unfortunately, is the misconception most American have: that the Federal Reserve is a government agency, probably because the word “Federal” is used in its name.
this is exactly what the Bankers want: ignorance among the
the next few paragraphs, I am going to simply explain what the
Federal Reserve is really all about, and how it is being used to
control the United States. A good resource book that I am using is
entitled “Billions for the Bankers — Debts for the people” by
The first thing that must be
understood is that the Federal Reserve Corporation is not a
government agency, as most people think. It is a private corporation
controlled by the Bankers, and therefore it is operated for the
financial gain of the Bankers over the people, rather than for the
good of the people.
When our Founding Fathers
wrote the Constitution of the United States back in the 1700's, they
specifically stated in Article 1 of this Constitution:
shall have the Power to Coin Money and Regulate the Value Thereof.
It was the wish of the
Founding Fathers that the power to create and control the money be
in the hands of the Federal Congress, and not in the hands of
private Bankers who could charge enormous amounts of interest, and
who could actually then control the country by controlling the
money. They understood the tricks of the Bankers, for what did Mayer
Anselm Rothschild, the great European Banker, once say: “Permit
me to issue and control the money of a nation, and I care not who
makes its laws...” It was their belief that all
citizens should share in the profits of its creation, not just
private Bankers, and therefore the national Government must be the
only creator of money.
So what happened! For several
years after the Constitution was signed, the money in the country
was handled both legally and illegally, the Bankers having devised
all kinds of tricks to try to take control of the nation's money.
But the final blow came in
1913, on Christmas Eve, when the Congress passed the Federal Reserve
Act, which officially took the power to create the money to run
United States away from the Congress, and gave it over to private
Bankers, who called themselves the Federal Reserve Corporation. But
note: they are private Bankers.
The passage of this Federal
Reserve Act authorized the establishment of a Federal Reserve
Corporation, with a Board of Directors (The Federal Reserve Board)
to run it. And the United States was divided into 12 Federal Reserve
This new law completely
removed from the Congress the right to create money or to have any
control over its creation, and gave this function over to the
Federal Reserve Corporation. The Fed printed “Federal Reserve
Notes”, which are still accepted today as money among the citizens
of the country.
But we have to understand that
these Federal Reserve Notes, used as money in the country, cannot be
considered as being constitutional money. Why, you ask? Because the
Congress went against the Constitution of the United States when it
passed this Federal Reserve Act, for it specifically states that
Congress, and only Congress shall have the power to coin and
regulate the money of the country.
Some might ask: “What does
it matter if Congress or private Bankers create the money? It is
accepted by the people just the same as a medium of exchange with
which to perform business transactions”.
Yes, the Federal Reserve Notes
are accepted as a medium of exchange by the people of the United
States. But this is a debt-money, being interest is charged on every
dollar that is created, but the interest is not created!, Let me
give an example to illustrate this point.
To obtain the
Let us say that the Federal
Government needs $1,000,000,000 ($1 billion) more, after it collects
the taxes, to continue financing its projects. Since it does not
have the money, and Congress has given away its authority to create
it, the Government must go to the Federal Reserve, which is now in
charge of creating the money for the country. But the Federal
Reserve does not just give its money away! The Bankers are willing
to deliver $1 billion in money or credit to the Federal Government
only in exchange for the Government's agreement to pay it back —
with interest! The Congress then authorizes the Treasury Department
to print $1 billion in U.S. bonds, which are then delivered to the
Federal Reserve Bankers.
The Federal Reserve then pays
the cost of printing the $1 billion (about $1,000), and makes the
exchange. The Government then used the money to pay its obligations.
Now, what are the results of
this transaction! The $1 billion in Government bills is paid, but
the Government has now indebted the people to the Bankers for $1
billion, on which the people must pay interest! And, of course, the
interest is not created!
And, to top it all, on this $1
billion that the Federal Reserve received in bonds from this
transaction, it is legally allowed to create another $15 billion in
new credit to lend to states, municipalities, businesses, and
individuals. Added to the original $1 billion, they could have $16
billion of created credit out in loans paying them interest, with
their only cost being the $1,000 they spent for printing the
original $1 billion lent to the Government. Is it diabolical? You
bet it is!
We should probably clarify the
term “create”. When we use this term, we refer to the process
used to bring money into existence. The Bankers create money out of
nothing, simply by writing numbers in their ledger books, and then
giving loans to the American people with this money, allowing them
to write checks on the numbers written in their accounts, and then
requiring payment with interest. Money is nothing but numbers, be it
numbers in a ledger book, on checks, or on dollar bills. Using this
process, most banks are legally allowed to lend out up to 50 times
of what they have on deposit, creating the money out of nothing and
then charging interest on it. You have to admit that it is quite a
And the Federal Reserve prints
the paper money we use in circulation, the Federal Reserve Notes, by
having numbers printed on pieces of paper of little value, since a
few cents will print a $1 bill or a $10,000 bill (at the same cost).
Money is very cheap to make, and whoever has the legal right to
create the money in a nation can make a tremendous profit.
The United States has plunged
itself terribly into debt since the Federal Reserve Act was passed.
In 1910, before the passage of
the Federal Reserve Act, the federal debt was only $1 billion, or
$12.40 per citizen. State and local debts were practically
By 1920, after only 6 years of
Federal Reserve “shenanigans”, the federal debt had jumped to
$24 billion, or $228 per person.
In 1960, the federal debt
reached $284 billion, or $1,575 per citizen, and state and local
debts were mushrooming.
By 1981, the federal debt
passed $1 trillion, and was growing exponentially, being the
Banker's tripled the interest rates. State and local debts were more
than the federal, and with business and personal debts, the total
was over $6 trillion, 3 times the value of all land and buildings in
October, 2005, the federal debt reached the $8 trillion mark
($26,672 for each U.S. citizen), and it is continuing to grow wildly
out of control. (For the fiscal year 2004, the interest payments on
the U.S. federal debt were $321 billion.) And that's only the peak
of the iceberg: the total debt (states, corporations, consumers) is
over $41 trillion!
United States National Debt (1938-2005)
Our people have become tenants and debt-slaves to the
Bankers and their agents in the land our fathers conquered. Our
children and following generations will be paying the debt for ever
are coming to a point where, eventually, the Government will own
nothing, the people will own nothing, and the Bankers will own
everything! We are becoming enslaved by the financial institutions
of the nation!
And to think that 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 legal right to create money out of
nothing and to lend it out at interest. If they had not been allowed
to do that, they could never have gained secret control of the
Now it is predicted that a depression is to take place soon
in the United States. You might be asking, “Does this have
anything to do with the operation of the Federal Reserve?” You bet
Let us go back to the 1930's when some of you probably
experienced what they called “The Great Depression”. During that
time, America had skilled and willing workers, good farmland, a
highly efficient transportation system, industries; all that was
needed to form a rich nation - all except an adequate supply of
money to carry on trade and commerce.
Few people knew that the Bankers had purposely withheld $8
billion from going into circulation by refusing loans to the
population while, at the same time, demanded payment on existing
loans, so that money was rapidly taken out of circulation and not
Because of this control on the money, America was put into
deep trouble. Jobs were waiting to be done, goods were available to
be bought, but there was no money. Food was thrown into the ocean
while people were starving. Twenty-five percent of the workers were
laid off. The greedy Bankers took possession of hundreds of
thousands of farms, homes, and business properties.
Believe it or not, some of the economic experts of that time
blamed the moon for bringing about all the economic hardship. Others
blamed the politicians. Still others blamed the consumers for not
wisely spending their money. But the truth is: the Depression was
purposely brought on by the Bankers through their artificial control
of the money.
To the end the Depression, the United States Government
borrowed huge sums of money from the Bankers for military equipment,
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 boomed.
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. The nation, which a few
years earlier could hardly feed its own people, was now producing
bombs to send free to its allies. Upsetting? You bet it is! And to
think it is all because some private Bankers, who call themselves
the Federal Reserve, have the legal right to create and control the
money to run the country — as they so wish!
President Woodrow Wilson had this to say about the Federal
great industrial nation is controlled by its system of credit. Our
system of credit is concentrated. The growth of the nation 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 world — no longer a
Government of free opinion no longer a Government by conviction and
vote of the majority, but a Government by the opinion and duress of
small groups of dominant men.”
before he died, Wilson is reported to have stated to friends that he
had been “deceived” and that “I have betrayed my country.”
He was referring to the Federal Reserve Act passed during his
We know the 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. They even finance Communism, and then
turn around and have foreign aid sent to stop the Communism that
The tens of thousands of young people who are killed, and
the hundreds of thousands who are crippled and morally corrupted
from war, means nothing to them. In fact, it doesn't even matter who
wins or loses the war, as long as all the countries involved are in
debt to these Bankers.
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.” I think you can
The Bankers purposely try to corrupt the people so it 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.
Many of our politicians have become agents of the Bankers,
while our two political parties have become their servants. No
matter who you elect into high office, Rockefeller and his agents
will be running the Government behind the scenes — you can be sure
of it! How else could something so diabolical as the Federal
Reserve, something so destructive to the national interest of the
people, be allowed to continue so long?
We know that the Bankers control all of the news media and
information centers, even the financial writers, to prevent people
from learning the simple truth about your money system. They blame
the people for causing the increase in debt and the inflation of
prices, when they know that the real cause is the debt-money system
By now you must surely agree that the only real solution to
solve our financial problems is to put pressure on the Government to
repeal the Federal Reserve Act of 1913 and to demand that Congress
again be allowed to create and control the money of the nation,
issuing interest and debt-free “United States Notes” as the
legal currency. John F. Kennedy had begun to do this very thing just
before he was assassinated!
a reform in the money system, no private Bankers would be able to
rob the people. Government banks, under the control of the people's
representatives, would issue and control all money and credit. A
$60,000 loan made a build a house would require only $60,000 in
repayment (with a little service fee), not $255,931.00 as it is now.
Everyone who supplied materials and labor to build the house would
get paid just as they are today, but the Bankers would not get
$195,931.00 in usury.
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 the 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.
is imperative to take action now! You must do your duty as a
patriotic citizen. Love of country and concern for your children
should make you deeply interested in this, America's greatest
problem. The future of the country depends on each one of you.
our leaflets (its free) on the Federal Reserve do distribute in your
area, either on cars in parking lots or house to house. Speak to the
various organizations in your community to alert them about what is
taking place. Get everyone to subscribe to the “Michael” Journal
to learn more about monetary system.
editorials in your local newspapers. Above all, write to your
elected representatives in Government, and get others to also write,
asking them to work to repeal this Federal Reserve Act.
last but not least, get down on your knee to pray to Almighty God to
free America from the yoke of High Finance, so that it can again
become “one nation, under God, indivisible, with liberty and
justice for all”.
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