1. The Federal Reserve Bank is Unconstitutional



Knowing the truth about the Federal Reserve Bank and how it was conceived is quite disturbing and almost hard to believe, since many Americans have been conditioned to believe that this bank is an arm of the federal government.



I believe our former Congressman in short describes the Federal Reserve Bank best.

“…we have in this country one of the most corrupt institutions the world has every known. I refer to the Federal Reserve Board and the Federal Reserve Banks… This evil institution has impoverished and ruined the people of the United States… Some people think the Federal Reserve Banks are United States Government institutions…They are not government institutions. They are private credit monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers…‿

“In this dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket.‿

“Every effort has been made by the Federal Reserve Board to conceal its powers, but the truth is...the Fed has usurped the government. It controls everything here (Congress) and it controls all our foreign relations. It makes and breaks governments at will.

"The Federal Reserve (Banks) are one of the most corrupt institutions, the world has ever seen. There is not a man, within the sound of my voice, who does not know that this Nation is run by the International Bankers".

“… The Fed has cheated the Government of the United States and the people of the United States out of enough money to pay the Nation's debt.... The wealth of these United States and the working capital have been taken away from them and has either been locked in the vaults of certain banks and the great corporations or exported to foreign countries for the benefit of foreign customers of these banks and corporations. So far as the people of the United States are concerned, the cupboard is bare."

Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee



2. Fiat (Paper) Money is Unconstitutional



Article I, Section 8, Clause 2 and Article I, Section 10, Clause 1. The Constitution prohibits explicitly or implicitly the emission of any form of what was once called "bills of credit" or what is now called paper notes. Another term “IOUs‿.

This constitutional provision bars any government state or federal, from granting special legal privileges to the notes, deposits, or currencies of private banks. Thus, allowing private banks to use governmental debt as so-called reserves for the emission of bank notes is unconstitutional.

The fiat dollar is no longer backed by gold. What was once called “fractional Reserve banking‿ turned into what is called “zero reserve banking.‿ At this time, all of the precious metals that could be used for the U.S. monetary system is now stored securely in vaults five floors beneath the Federal Reserve Bank of New York. Such precious metals have been stolen by the private bankers of the Federal Reserve. America no longer owns gold for national spending and only full faith and credit of the American people backs the fiat dollar.

"Our public credit is good, but the abundance of paper has produced a spirit of gambling in the funds, which has laid up our ships at the wharves as too slow instruments of profit, and has even disarmed the hand of the tailor of his needle and thimble. They say the evil will cure itself. I wish it may; but I have rarely seen a gamester cured, even by the disasters of his vocation."

Thomas Jefferson to Gouverneur Morris, 1791. ME 8:241



3. Gold and Silver is Still the Only Legal Tender Recognized Globally


When the Legal Tender Act was implemented, the U.S. Treasury began issuing certificates and notes to any people who chose to trade in their coins in order for them to conduct large business deals or make substantial payments in a less cumbersome manner. These certificates and notes were actually considered dollars equivalent to the amount of gold or silver that was traded in to banks or their local goldsmith. Therefore, a person was able to take such certificates or notes and redeem their value in gold or silver coinage. In other words, such notes and certificates were “worth their weight in gold.‿ All had changed when the international bankers came on to the scene.

"We are now taught to believe that legerdemain tricks upon paper can produce as solid wealth as hard labor in the earth. It is vain for common sense to urge that nothing can produce but nothing; that it is an idle dream to believe in a philosopher's stone which is to turn everything into gold, and to redeem man from the original sentence of his Maker, 'in the sweat of his brow shall he eat his bread.'"

Thomas Jefferson to Charles Yancey, 1816. ME 14:381
People understood the fact that certificates and notes passed around as money were figuratively not worth anything. They were nothing more than promissory notes that gave assurance that a certain sum of dollars were available on deposit at the goldsmith institution or bank, that issued the promissory notes initially. However, whenever the notes were presented by the holders to either of the two institutions, or bearer on demand, the value printed on the face of the note was expected to be redeemed.



The interest amount owed to the national and international bankers are not only usurious, but so numerous in size that the money the Federal Government collects in taxes is totally usurped by the interest payments alone; leaving nothing to actually spend on the necessary services such as roads, buildings, transit systems etc.



4. FDR Initiated the Assault on Money, Hiding the True Value of Precious Metals over Money



In order to refresh your memory, with FDR’s New Deal (New World Order) the last of the gold was minted in 1933. President Franklin Delano Roosevelt announced a 4 day bank holiday and an embargo (ban) on gold. He essentially told the public that gold was no good and 1) that he was confiscating it, and 2) give a reward to anyone who told on another person known to be possessing or hoarding it. FDR collected 15% of the gold minted in 1933, however the question should come to your mind as to what ever happened to the other 85% of the gold minted? Did people just throw it away because the government told the people that gold was no good? Did people forget to hand it in? Since when does the government tell people that something is no good and then collect it back instead of telling them to just throw it away? Are the people that stupid?



“With gold we can buy the most rebellious consciences, can fix the rate of all values, the current price of all products, can subsidize all State loans, and thereafter hold the states at our mercy.‿

Funeral Oration of Rabbi Reichorn.



5. U.S. Monetary System is Based on Fractional Reserve


After an agreement to pay the sum certain interest fee along with the requested loan amount of say for example $10,000,000, Congress then notifies the U.S. Treasury Department and orders them to print $10,000,000 in U.S. Bonds. These bonds are then exchanged for the borrowed amount in cash (which in reality may only cost them about $10,000 in total to print by the Federal Reserve Bank.)



“Let us see how a bank creates a mortgage lien on a house: A man who owns a building lot and has $20,000 needs an additional $75,000 to build a house. If the banker finds the collateral sufficient, he may credit the man’s checking accounting with $80,000 – minus several ‘points’ for expenses –against which checks can be written to pay for construction. When the house is completed, it will have a thirty-year lien at 12 or 15 percent. After working 30 years to liquidate the debt, the owner will have paid perhaps $300,000 for something that did not cost the bankers a dime in the first place. This is the magic of fractional reserve banking.‿

The Battle for the Constitution, Dr. Martin A. Larson



6. U.S. Currency has been Debauched

An increase in un-backed paper money can lead to many things, but the commonly known problem is staggering inflation. Inflation has and can once again ruin lives just through the devastating effects that are incurred to their savings, checking deposits, mortgages, insurance, mutual funds, bond holdings etc.


"There [is a measure] which if not taken we are undone...[It is] to cease borrowing money and to pay off the national debt. If this cannot be done without dismissing the army and putting the ships out of commission, haul them up high and dry and reduce the army to the lowest point at which it was ever established. There does not exist an engine so corruptive of the government and so demoralizing of the nation as a public debt. It will bring on us more ruin at home than all the enemies from abroad against whom this army and navy are to protect us." Thomas Jefferson to Nathaniel Macon, 1821.



7. Paper Money is Easily Manipulated and Maintained through Greed

"[The] Bank of the United States... is one of the most deadly hostility existing, against the principles and form of our Constitution... An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?"

Thomas Jefferson to Albert Gallatin, 1803. ME 10:437


It is the obsession with wealth by the public and their total confidence in paper promissory notes, which do not equal the value of actual coinage or property, to allow paper money to be printed without limitation. Money printed without limitation creates inflation without proper backing of gold, silver, platinum, etc. The same holds true of such printing of money that is not backed by proper real production of goods and services. Look at all the 20, 30 and 50 billion dollar deals that the big companies are flaunting and boasting about; money that is not even available.



“Whereas I charge them, jointly and severally, with the crime of having treasonably conspired and acted against the peace and acted against the peace and security of the United States and having treasonably conspired to destroy constitutional government in the United States.‿

Congress Louis T. McFadden Chairman of House Banking and Currency Committee


The big international bankers can therefore position the economy at will through warfare, restriction on resources or technology, or just outright temporarily pull the plug on the stock mark. When the latter happens, people begin to panic and sell off. A depression is easily created, and the rich buy everything in the stock market for a song and a dance; scooping up stocks for practically nothing. As they buy up, the economy terribly suffers, and they become richer than ever before. Many cannot see that the time is due for them to do it again; this time permanently separating the classes of wealth.



“I believe that if the people of this nation fully understood what Congress has done to them over the past 49 years, they would move on Washington, they would not wait for an election… It adds up to a preconceived plan to destroy the economic and social independence of the United States.‿

Senator George W. Malone, speaking before Congress about the Federal Reserve Bank (1962)