Alexander Hamilton

Thomas Jefferson

James Madison

In 1811, under President James Madison, Vice President George Clinton broke the tied vote in congress to cast the bankers out refusing to renew the charter for the bankers. Unfortunatly it was President Madison who proposed a second United States privately owned Central bank and it came into existence in 1816

Andrew Jackson

.However, in 1836 President Jackson, overriding Congress, closed it commenting, "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it."  (we now have another one like it)

 Andrew Jackson also said, when speaking to the bankers: "You are a den of vipers and thieves.  I intend to rout you out, and by the eternal God I will rout you out."

Martin Van Buren

When speaking to his closest friend, Martin Van Buren, Jackson said, "The bank, is trying to kill me, but I will kill it!" (and he did)

The first two Federal Reserve Systems lasted about 20 years each and we are now almost a hundred years into the third one.

Woodrow Wilson

The year is now 1913, the year after Woodrow Wilson was elected president of the United States. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support.

In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".

Now Comes the Income Tax! !!!

We didn't have nor did we need an income tax until we got the bankers back.  The income tax was only needed to pay interest to the bankers for our money that they loan to our government.  Yes, you read that right, the Fed, mostly on paper and computer, creates money or pays the treasury a small printing fee for currency, and then loans this money to our government.  Our taxes pay them interest on this loan that cost the FEDS virtually nothing to make, what a sweetheart of a deal they have going for them.

  As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006.  No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.

According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was"  the 16th amendment, which created the IRS, was never properly ratified, not even by one state!  These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own.

HENRY FORD

Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".

In the nearly 100 years of the existence of the Fed, it has NEVER been audited and they don't pay income tax on the billions of dollars they take from us. 

According to Congressional record the U.S. Government can buy back the FED at any time for $450 million.  That's about half the amount of money we pay them daily.

Do we have the most stupid and/or the most corrupt leaders in the world, or what? It seems their # 1 concern is   getting re-elected, they seem to think nothing of shirking their responsibilities to the people  who elected them to their powerful prestigous high paying jobs.

Congress likes the Fed because they can spend all they want with no restraints, they just put our children, grandchildren and great-grandchildren into debt.

  A Federal Reserve note is just what it looks like, it's just a piece of paper with no backing whatsoever.  This is why Congress hates gold and silver backed money, it forces them to live within their means.  Of course they also get other perks from the Fed. perks far too numerous to mention here.

Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,.... 
Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS.  He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it.which unfortunately, may have cost him his life.

On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110.  This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest.  President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business.  This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury.  This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.  

Photo taken about 2 minutes before JFK was assassinated

The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve Notes.

Lincoln also took on the bankers and that brave bold step may also have cost him his life.

During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and   he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service empoyees, and bought supplies for the war.

  NO 

  Is this strong circumstantial evidence? 

   YOU DECIDE

This article was written by my friend Norman Chenoweth. He graciously   consented to allow me to edit it down to a more appropriate size  for making into a web page. He also allowed me to add a few  words of my own throughout the article. I can only hope that everyone I send this web page to will read it and share it with others, the American people deserve to know these facts about the FEDERAL RESERVE SYSTEM.

Norman has written some other articles that I hope you will take the time to read as they are about things every American should know but sadly most don't. He also has a wonderful free gift for you, be sure to check to see what it is, you won't be sorry, believe me I know!