A few facts and a little
history first:
A conspiracy theory is an
idea that a conspiracy exists without evidence supporting the theory. A conspiracy is no longer a theory when the
evidence proves the conspiracy.
Fact: The Federal Reserve Bank is not a part of the U.S.
Government. It is a privately owned bank. At one time this fact was said to be a rumor and it
was considered a conspiracy theory. When the truth was revealed, we found that even
the choice of its official sounding name was an intentional effort to hide its
privately owned bank status. Since the
Federal Reserve Bank’s formation in 1913, its success was only possible if it
could keep its purpose secret. In fact, history proves information about The
Federal Reserve Bank was deliberately suppressed.
A book, written by Eustace
Mullins in 1950, detailing the establishment of the Federal Reserve Bank and
the questionable congressional passage of the act that gave it power, was
blocked from publication in the United States for two years. The book was banned and burned in
other countries. Over the course of his lifetime, the author was ostracized by
politicians and the influential moneyed elite. Praised by many today as a true
patriot and the ultimate investigative writer, that is not how he was described
by those in power. Documents obtained through the Freedom of Information Act
reveal Mullins was characterized by the FBI as an “insane… vicious… depraved…
warped…degenerate homosexual… jackal… and prolific writer”.
.
The money behind Woodrow
Wilson’s election was from those who benefited from passage of the act. He was
promised the presidency if he would support the Federal Reserve Act. After passage,
President Wilson regretted ever signing it into law and wrote,
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Woodrow Wilson |
“I
am a most unhappy man. I have unwittingly ruined 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.”
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Representative Dr. Ron Paul |
Only in the last few years, thanks largely to research
capabilities available through the internet and the efforts of U.S.
Representative Dr. Ron Paul, have many citizens become aware the Federal
Reserve is not a part of the government or under the control of the Treasury
Department. The Federal Reserve is a privately owned central bank.
The framers of the Constitution were opposed to the
formation of a central bank.
Rep. Ron Paul and a growing number of members of congress
have come to realize how the nation has been duped. Now millions of U.S.
citizens have come to understand the politics surrounding the establishment of
the Federal Reserve Bank.
As of July 18, 2012,
House of Representatives Bill 459 has 270 co-sponsors which assures its passage
in the House. The bill was introduced by
Dr. Ron Paul. Dr. Paul has sponsored
numerous bills to remove power from the Federal Reserve Bank or dissolve it
entirely. Early in his career, he began urging congress to at least have a
full, clear and transparent audit of the Fed.
All of his requests met resistance until the financial collapse of
2008. Finally, in 2009, the House did
pass a full audit bill.
When the Senate bill, which became known as the Dodd-Frank Act,
was passed, it only allowed a very restricted audit. Viewing the actions of the Fed was confined
to a very narrow, date specific timeframe surrounding the events of the 2008
crisis. No one really expected to find
anything that wasn’t already public.
SURPRISE!
In 2008, amid cries of protest, congress approved TARP, a $700
billion dollar bailout. Many tax payers did not want to be responsible for the
repayment of the funds, because the funds were going to banks and private
businesses. The popular consensus was
that many in the financial markets had been behaving like gambling addicts with
taxpayer dollars. The Federal Reserve
Bank is fully backed by the U.S.
government’s promise to repay. That means the taxpayer is ultimately
responsible to pay the loans provided by The Federal Reserve Bank.
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Senator Dodd |
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Senator Frank |
The limited audit made possible by the Dodd-Frank Act resulted in the discovery
that, in addition to the $700 billion loan bail out, the Federal Reserve Bank
also loaned another $16+ trillion to private business and banks in other
nations. Repeat: In addition to the $700 billion TARP passed by congress, another $16+ trillion was loaned and neither the congress nor the taxpayers were aware of
this fact.
Yet the taxpayers are
ultimately responsible for the guarantee that the loans are paid. Remember,
this was found on a date limiting full audit.
If a date limited audit revealed this tightly held secret, what other loans might the taxpayers be
responsible for without their knowledge? That is why Ron Paul, along with 270
co-sponsoring congressmen, has re-introduced the same full audit bill that was
requested in 2008. There are millions of Americans who would like to know what
an unlimited, full audit would reveal.
As stated, there is no doubt that HR 459 will pass in July
2012 because of the 270 co-sponsors.
Now comes the challenging part. In order for a bill to become law, it also must
be passed in the Senate and then signed by the President. Senate Bill 202 is now in place. It was authored by Senator Rand Paul, Dr. Ron
Paul’s son. It is identical to House
Bill 459. Unfortunately, at this time it
does not have adequate support in the Senate and without extreme pressure
placed by the tax payer on their Congressmen, it appears doomed to fail.
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Fed Chairman, Ben Bernanke |
The mainstream media consistently report the statements by
Fed Chairman Ben Bernanke that passing such a bill could add a political pressure factor
into the decisions the Fed makes.
Let’s certainly hope so.
The fact is that the decisions the Fed has made in the past
are already highly politically motivated,
as proven by the limited full audit.
The very passage of the Federal Reserve Bank Act of 1913 was politically
motivated. The Dodd-Frank Act that
allowed the limited, full audit reveals only a small glimpse into their
political motivations and possible conflicts of interest.
It obviously takes the power of money, in enormous amounts, to
be elected to high public office in this country. Look at today’s
headlines for the evidence. President Barak
Obama is whining like a spoiled child because the presumptive Republican
nominee, Mitt Romney, is receiving more contributions of campaign funds.
Look at who is contributing to their campaigns. Both parties, Democrat and Republican, are
receiving some of their the greatest campaign contributions from the very same banks, financial
institutions, and corporations that received bail out funds from TARP. Many of those same fund recipients received
billions and trillions more from the Fed than were revealed to the government
or the people.
In order for a Senator to remain in office, he or she has to
receive campaign contributions from somewhere.
If a Senator supports a full audit of the Fed, the truth would be
certain political suicide. The last
thing the banks want is the exposure of their ties and possible conflicts of
interest with the private bankers who own the Federal Reserve. If the curtain was pulled back, it would
reveal that the monetary power and control over our government has been the
Fed’s very purpose all along. Those politicians that protect the Federal
Reserve are its puppets and they will prosper; those that don’t are identified
as flakes or troublemakers.
The root of the gradual erosion of the U.S. Constitution and
thus our republic has been the owners of the Federal Reserve and those who
benefit financially or politically from its existence. Starting and financing wars, foreign aid, and
social security are all politically approved under the guise of helping the
nation, but in truth, all these policies financially benefit the private owners
of the central bank, known as the Federal Reserve Bank.
Unless the current U.S. Senate can be pressured by the power
of the people demanding passage of SB 202 in its current form, there is little
hope this nation will continue to exist long enough to return to our
constitutional foundations which were designed to ensure our liberty.
The Federal Reserve is literally banking on the fact that
the majority of U.S. citizens are too distracted putting bread on their tables
or pursuing the newest forms of entertainment to take the few minutes necessary
to make a call to their Senator and demand SB 202 be passed. Of course, the Fed has a back up plan. You can be assured the bail out recipients will call Senate
offices and explain that in the next election cycle they won’t be receiving
campaign contributions. Which is more important, the money or the vote? No problem; with enough money the voting
machines can be rigged.
Written by
Barbara Shoff
Edited by
Denise Snyder