“We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. Government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the United States for the benefit of themselves and their foreign customers.
The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board.” — Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932
“Most Americans have no real understanding of the operation of the international money lenders…The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and…manipulates the credit of the United States.”
— Senator Barry Goldwater The Federal Reserve is an independent, privately owned institution that has no relation to the United States Federal Government in which it operates. It is revealing to note that its own existence, if we are to consider the Constitution of the United States the absolute law of the land, is constitutionally illegal. Consider Article 1, Section 8 of the Constitution:
“The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. Consider also Article 1, Section 10 of the Constitution: “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts”. With these two constitutional laws having never been amended, given the language of both sections, we are faced with the inevitable conclusion that the
“Federal Reserve Note”, or paper currency, is an illegal instrument of debt. The same conclusion can be reached for the institutions that distribute this instrument of debt. It is worth noting that the Federal Reserve began with what was known as the Aldrich Plan for banking reform following the financial disaster of 1907. In a secret meeting in 1910 on Jekyll Island off the coast of Georgia, Senator Nelson Aldrich met with Paul Warburg of Kuhn Loeb Investment House, Henry Davison of Morgan Bank, Frank Vanderlip of National City (Citibank), and other power brokers from the world of banking and politics, to discuss the formation of a central bank.
These were the beginnings of what would ultimately be the Federal Reserve Act (1913) signed into law by President Woodrow Wilson without being ratified by any state. The lack of ratification is an enormous cause of concern if we are to believe what we have been told about the legal structure of the Constitutional Republic known as the United States of America. By the time of 1913, the United States government had already under gone a tremendous transformation with the Act of 1871 (titled “An Act To Provide A Government for the District of Columbia”; “Acts of the Forty-First Congress”, Section 34, Session III, chapters 61 and 62).
This was a strategy by foreign interests with the intent of establishing a new territorial government for the District of Columbia as a separate system of corporate government with state franchises with the ultimate intent of establishing an independent and privately controlled central bank that would control the currency, and the people, of a nation. This new corporate entity had previously adopted its own constitution derived from the national constitution, but without the national constitution’s 13th Amendment. The original constitution drafted by the Founding Fathers is titled “The Constitution for the united states of America”, whereas the new corporate charter is titled
“The Constitution of the United States of America”. In legal parlance, the changing of the word “for” to “of” is significant. This was an act of treason against the citizens of the United States, for the government to which we are beholden was no longer subject to the consent of the governed, and the government was effectively transformed into a corporate instrument for the expressed interests of the international bankers, which remains unchanged and unchallenged to this day (UNITED STATES CODE Title 28 3002 (15)(A)(B)(C)).
Judge Anna von Reitz from Big Lake Alaska has a wealth of information on corporate government at her website . Since the inception of the Federal Reserve, the US Dollar has lost 98% of its value. Prior to the cessation of minting silver dollars in 1965, one could exchange a single paper dollar for a single silver dollar. Congress had fixed the value of one “dollar” as being equal to 371.25 grains of pure silver. When the Nixon administration had abandoned the gold standard in 1971, paper notes could be printed on demand giving the banking system full control of the inflation or deflation of the currency, enabling unparalleled control over the economic wellbeing of a nation. With the advancement of technology and the advent of “Fractional Reserve Banking”, banks were now able to electronically create loans out of thin-air by entering numbers into a computer that represent the value of that loan needing only to be back by physical assets that represent only a fraction (7% – 10%) of that loan.
For example, the bank can create a digital loan for a value of $100 while only needing $10 in actual physical money to justify the digital loan. The recipient of the loan, however, has to repay the loan in actual physical assets plus interest, or risk losing the asset attached to that particular loan. The Federal Reserve has more power than all three branches of the United States Federal Government and all 50 states combined. From this central bank come economic terms tied to currency, debt and interest that are dictated to a citizenry in ways that are not always aligned with their wellbeing.
Consider the deregulation of banks and the machinations by the banks that would result in the 2008 financial crises. Many great and wonderful hardworking citizens of the United States were ultimately punished by the banks who were responsible for the crises. To add insult to injury, the United States government turned its back on the citizenry and proceeded to bailout the banks with trillions of tax payer dollars in the midst of foreclosures and bankruptcies for everyone else. One of the questions we as citizens of the United States must ask ourselves is: why in a system of government created with checks and balances in place to govern for the good of the people does a central bank exist which is not part of that system of government yet all elected officials in the House of Congress, and the Executive sit idly by without the fortitude nor courage to right this egregious violation to how the Constitution of the United States was written by its founding fathers.
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” – James Madison “This Act establishes the most gigantic trust on earth…When the President signs this Act, the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized…The new law will create inflation whenever the trust wants inflation…From now on, depressions will be scientifically created.”
– Congressman Charles A. Lindbergh, on the creation of the Federal Reserve System, 1913.
Fractional Reserve Banking Explained
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin. Bankers own the Earth. Take it away from them but leave them the power to create money, and with a flick of a pen, they will create enough money to buy it back again.
Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. But if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.” – Sir Josiah Stamp, president of the Rothschild Bank of England and the second richest man in Britain in the 1920s, speaking at the University of Texas in 1927. Did you know that you are paying money plus interest on loans that were created with money that does not exist but only as numbers entered into a computer screen? This is what the banking system refers to as Fractional Reserve Banking, and it is the biggest scam known to humanity. Investopedia describes Fractional Reserve Banking as “… a banking system in which only a fraction of bank deposits are backed up by actual cash on hand and are available for withdrawal.” This enables the bank to create a digital loan of any value while only having a fraction of actual physical assets on hand to back up that loan.
The bank will justify a loan of any value so long as it has 7% – 10% of the total value of that loan in actual physical money. For example, for a bank to justify issuing a digital loan that represents the value of $100, it would only need to have $10 in actual physical cash. The remaining $90 that represents the remainder of that loan is created as numbers entered into a digital ledger by the bank issuing that loan. There is no actual physical money that represents that $90. While they can create this money out of thin air and loan it to you, you have the responsibility of paying it back, plus interest, with actual physical money. If you do not repay this loan, the bank has the legal right to seize your assets to cover the value of that loan that did not exist in the first place. What if I were to tell you that this outrageous scam is perpetrated on citizens of the United States by a privately held banking system that is independent from the federal government of the United States? What if I were to tell you that this banking system with foreign holdings, referred to as the “Federal Reserve”, is actually constitutionally illegal? Article 1, Section 8 of the Constitution clearly states that “The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. This constitutional law has never been amended leaving us with the ultimate conclusion that the Federal Reserve is an illegal institution according to the document that is to be considered the absolute supreme law of the continental United States of America.
What if I were to tell you that the paper currency, or fiat, issued by the Federal Reserve as an instrument of debt is also constitutionally illegal? Consider Article 1, Section 10 of the Constitution: “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts”. This constitutional law has never been amended as well and, as considered above with regards to the supreme law of the United States, the “Federal Reserve Note” is therefore an illegal instrument of debt. How did this happen? The Federal Reserve came into existence with the Federal Reserve Act of 1913 signed into law by President Woodrow Wilson. It was derived from a secret meeting in 1910 on Jekyll Island off the coast of Georgia. It was there that Senator Nelson Aldrich met with Paul Warburg of Kuhn Loeb Investment House, Henry Davison of Morgan Bank, Frank Vanderlip of National City (Citibank), and other power brokers from the world of banking and politics, to discuss the formation of a central bank. This produced what was known as the Aldrich Plan for banking reform.
The Federal Reserve Act was not ratified by any single state in the union. By the time of 1913, the United States government had already undergone a tremendous transformation with the Act of 1871 (titled “An Act To Provide A Government for the District of Columbia”; “Acts of the Forty-First Congress”, Section 34, Session III, chapters 61 and 62). This was a strategy by foreign interests with the intent of establishing a new territorial government for the District of Columbia as a system of corporate government with state franchises with the ultimate intent of establishing an independent and privately controlled central bank that would control the currency, and the people, of a nation. This new corporate entity had previously adopted its own constitution derived from the national constitution, but without the national constitution’s 13th Amendment.
The original constitution drafted by the Founding Fathers is titled “The Constitution for the united states of America”, whereas the new corporate charter is titled “The Constitution of the United States of America”. In legal parlance, the changing of the word “for” to “of” is significant. This was essentially an act of treason against the citizens of the United States as the government to which we are beholden was no longer subject to the consent of the governed, and the government was transformed into a corporate instrument for the expressed interests of the international bankers which operates under Private International Law, and not Common Law, which remains unchanged and unchallenged to this day (UNITED STATES CODE Title 28 3002 (15)(A)(B)(C)). “The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” – The Rothschild brothers of London writing to associates in New York, 1863.
Elizabeth Warren Warns : The Economic Crash is Coming
In an article she wrote yesterday in medium .com , Elizabeth Warren the Democratic presidential candidate and probable next president of the United States is sounding the alarm as never before , she painted a bleak picture of the status of the american economy . She said that the Household debt is out of control , the Corporations are deeply in debt, and The Manufacturing is in recession .
The country’s economic foundation is fragile. A single shock could bring it all down. And the Trump Administration’s reckless behavior is increasing the odds of just such a shock. she added .And she goes on explaining :
When I look at the economy today, I see a lot to worry about again. I see a manufacturing sector in recession. I see a precarious economy that is built on debt . both household debt and corporate debt . and that is vulnerable to shocks. And I see a number of serious shocks on the horizon that could cause our economy’s shaky foundation to crumble….
and she adds .
and she goes on explaining :
A generation of stagnant wages and rising costs for basics like housing, child care, and education have forced American families to take on more debt than ever before. The student debt load has “more than doubled since the financial crisis.” American credit card debt matches its 2008 peak. Auto loan debt is the highest it has ever been since we started tracking it nearly 20 years ago, and a record 7 million Americans are behind on their auto loans . many of which have similar abusive characteristics as pre-crash subprime mortgages. 71 million American adults — more than 30% of the adults in the country — already have debts in collection. Families may be able to afford these debt payments now, but an increase in interest rates or a slowdown in income could plunge families over a cliff.
Corporations are also deeply in debt. Leveraged lending — lending to companies that are already seriously in debt — has jumped by 40% since Trump took office, spreading “systemic risk” throughout our financial system. These high-risk loans now make up a quarter of all American business loans, and they look a lot like the pre 2008 subprime mortgages: poorly-underwritten loans with minimal protections that are then packaged and sold to investors. I’ve warned regulators about my concerns — which experts share — but their tepid response shows they haven’t learned the lessons of the last crisis. she added .
Despite Trump’s promises of a manufacturing “renaissance,” the country is now in a manufacturing recession. The Federal Reserve just reported that the manufacturing sector had a second straight quarter of decline, falling below Wall Street’s expectations. And for the first time ever, the average hourly wage for manufacturing workers has dropped below the national average.
Then she said :
The administration may breach the debt ceiling in September, leading to economic turmoil that top economists say would be “more catastrophic” than the collapse of Lehman Brothers in 2008. Trump’s trade war with China threatens American manufacturing and has already hurt American companies that investors think of as “industry bellwethers,” while feeding an all-time economic slowdown in China that could have dramatic ripple effects on the American economy. And Trump is goading the U.K. toward a no-deal Brexit, which even his own administration acknowledges would have “immediate and significant spillover effects” to our economy.
The financial markets agree that there is a serious risk of downturn in the near future. The U.S. Treasury yield curve — a barometer for market confidence — normally slopes upwards because investors demand higher yields for bonds with longer maturities. But this March, it inverted for the first time since 2007, signaling that investors are so worried that things are going to get worse that they’d rather lock in lower rates for the future today than risk long-term rates going even lower. The curve has inverted before each and every recession in the past half century — with only one false signal.
And experts agree. In a recent survey of nearly 300 business economists, three-quarters expect a recession by the end of 2021 — with more than half thinking it’ll come by the end of 2020.
Elizabeth Warren is spot on , our economy is nothing but a Ponzi scheme and a House of Cards waiting to collapse .
The DEBT situation is one of the worst in human history.
The global debt increased ..
The corporate debt increased from 4.1 Trillions to over 6 Trillions in 10 years.
House hold debt. auto debt, student debt, you name it all, at record levels unlike any time in human history!.
All macro factors are NEGATIVE in the near future.
READING ARTICLES IS NOT ENOUGH. YOU ABSOLUTELY NEED THIS BOOK TO UNDERSTAND WHAT IS HAPPENING IS YOU ARE TO SURVIVE WHAT IS COMING.