How the Dollar faired since 1913?
The US national debt is shooting over 12 trillion dollars! (This amount is equivalent of selling off all of France wealth)
The private debt by individuals and corporations is somewhere over 50 trillion dollars.
The framers of the US Constitution specified a money system of gold and silver, to be coined and regulated in value by US Congress and prohibited by the US government from issuing paper money as stated in Article 1 sections 8 and 10 of the Constitution:
“Congress shall have Power to coin money and regulate the value thereof. No State shall make any thing but gold and silver Coin a Tender in Payment of Debts.”
The economic and financial difficulties of the US have a long history of delayed decisions based on sound real wealth resolutions.
The cause of the successive financial problems began when the US allowed a foreign private financial family, the Rothschild family of England to coin and print the US currencies in 1804.
In 1811, England waged a war against the US and entered the Capital Washington in order to coerce the US Federal government into extending the Rothschild charter for another 20 years.
During the civil war in 1862, Abraham Lincoln went solo and refused the high interest loan of the Rothschild banking system (of up to 36%) , and the government printed its own money. This decision angered the British Empire, which brought back foreign interference into printing the dollar.
The Federal Reserve Act was hastily passed just before the 1913 Christmas break. This Federal Reserve Bank is privately owned, and all the tax collected from citizens are authomatically deposited in this Bank, and it collect 2 cents no matter what denomination is printed on it….
US President Woodrow Wilson signed the act into law, turning over the money system of the country to a group of private bankers and allowed them to create money by making bookkeeping entries, loan it at interest, and take title to real property as collateral.
Congressman Charles A. Lindbergh Sr. warned in 1913: “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, depression will be scientifically created.”
During the Great Depression people who had gold in the banks wanted the banks to honor their contract to redeem the paper currency for gold..
The fraudulent nature of fractional reserve banking was at risk of being exposed because there was not enough gold on deposit in the banks to redeem all Federal Reserve Notes issued promising payment in gold.
US President Roosevelt declared a national emergency and closed the banking system for two days as recommended by the Board of Directors of the Federal Reserve Bank of New York.
Congress then passed the Emergency Banking Act declaring it illegal for US citizens to own gold under penalty of up to a $10,000 fine and/or up to 10 years in prison.
The people exchanged their gold and gold certificates for Federal Reserve Notes of created dollars based on debt, which stated a promise of redemption in lawful money.
From 1914 to 1963, Federal Reserve Notes never claimed to be money, nor did they claim to be dollars. A note for five dollars read: “The United States of America will pay to the bearer on demand five dollars.”
How can a promise to pay five dollars be five dollars? To the left of the President’s picture and above the bank seal, it said: “This note is legal tender for all debts public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.”
In 1963, the Federal Reserve began to issue its first series of notes without the promise, while taking notes with the promise out of circulation. How can paper become what it promises by removing the promise?
To the left of the President’s picture and above the bank seal, it now read: “This note is legal tender for all debts public and private.”
Gold was now removed from the system leaving silver dollars as the only lawful money available.
The US Congress initially defined a lawful money “dollar” as being and consisting of (at least) 371.25 grains of pure silver. Before 1965, anyone could exchange one paper dollar for one real silver dollar.
In 1965, the US’ mint stopped minting silver dollars.
As even Silver was eliminated from the money system, the public was left with a totally scam money system of irredeemable paper currency and copper-nickel clad tokens that represent a debt owed to the owners of the Federal Reserve Banking System, the payment of which is guaranteed by the collateral of all property and income of all US citizens.
Late President Nixon did away with the gold standard in 1972 and only the US military superiority guaranteed that the dollar be the only currency for oil import and export transactions around the world…
This started the story of the PetroDollar and the long string of calamities and preemtive wars that the US waged in order to maintain its dictate…and not ending with Iraq invasion…https://adonis49.wordpress.com/2012/05/28/us-wall-street-and-the-rothschild-financial-stories/
America’s economic problems started with issuing fraudulent receipts for gold that does not exist. This became standard procedure for the banking business.
The recent equivalent to the goldsmith’s receipt for gold is the Federal Reserve Note. The word “Note” implies a contract, because legally a note must state who is paying, what is being paid, to whom and when.
The new inflation spiral began to skyrocket. Now it takes a whole fist full of paper dollars (i.e., “Federal Reserve Notes”) to buy one real silver dollar. It now takes two working parents to support a family and
A note is a proof of debt. It is not possible to pay off a debt with a debt. No debt can be paid in full unless paid in gold or silver, coined and regulated in value by Congress. The name “Federal Reserve Note” is a fraudulent label since each word claims to be something that in reality it is not.
By removing the promise to redeem the note in lawful money, the Federal Government in cooperation with the Federal Reserve, eliminated the monetary system of the United States as established by the Constitution and replaced it with something totally different.
Federal Reserve Notes are only accepted because people believe they have value.
When half of the receipts circulating as a money substitute are redeemable in gold, the other half of the receipts are both credit and inflation.
When none of the receipts are redeemable, all of it is credit and inflation. Credit is inflation, therefore, the only cure for inflation is real, honest money.
A dollar is supposed to be a unit of measurement for gold and silver coin to insure uniform weight, purity, and value.
A dollar unit of paper money that is not redeemable in gold or silver coin is a dollar unit of inflation, which is a dollar unit of credit, which is a dollar unit of nothing.
The purpose of paper money that is not redeemable for gold or silver coin is to get things without paying for them. Those who issue and control paper money as credit get everything for nothing.
Paper money as credit is used to take wealth using numbers, where numbers of nothing are exchanged for things of substance and value.
This grand theft occurs in full view unnoticed because the public has been made an accessory to the crime by accepting pieces of paper with numbers on them in place of lawful money, not knowing the difference between worthless “notes” and lawful money.
Oliver Ellsworth, the third Chief Justice of the US Supreme Court said of paper money:
“This is a favorable moment to shut and bar the door against paper money. The mischief of the various experiments which have been made are now fresh in the public mind and have excited the disgust of the respectable parts of America.”
Roger Sherman, a delegate from Connecticut and author of the gold and silver coin provision of the US constitution, wrote a condemnation of paper money entitled A caveat Against Injustice in which he said…
“If what is used as a Medium of Exchange is fluctuating in its value it is no better than unjust weights and measures, both which are condemned by the laws of God and Man, and therefore the longest and most universal Custom could never make the Use of such a Medium either lawful or reasonable.”
Federal Reserve Notes are evidence of debt the U.S. Government owes to the owners of the Federal Reserve the payment of which is guaranteed by the collateral of all property and income of all US citizens.
When the US Government needs to borrow money, the Treasury creates a bond, and promises to pay a specified amount of money at a specified interest on a specified date. This bond is evidence of debt.
This interest-bearing debt is the foundation for America’s money supply and its payment is guaranteed by the collateral of all property and income of all US citizens.
The Federal Reserve “buys” this debt simply by making a bookkeeping entry for the amount and writing a check against no funds, and then converts it into paper currency and checkbook money.
In effect the Federal Reserve lends the US Government its own credit, and then charges interest on it.
If the public does this, it is called kiting, which according to Webster’s dictionary is defined as, “to use (a bad check) to get credit or money”.
If a citizen does what the Federal Reserve is doing he will bejailed or fined for it.
Every dollar created by the Federal Reserve System is debt for the citizens of the United States, which the central bank collects interest on, in addition to the interest from the bond created by the Treasury that put this magic money making machine in motion.
For example, when the reserve ratio is ten to one, a bank can create and loan ten dollars for each dollar held in reserve and charge interest on it.
While the reserves of the goldsmith were gold, the reserves of the Federal Reserve is paper, nothing more than bookkeeping entries that are a record of debt.
The absurdity of the situation is that if there were no debts, there would be no money, since every dollar of paper currency and checkbook money is loaned into circulation.
And, in order to pay the interest, there has to be another loan because the banking system only creates the principal and not the interest.
In fact, the interest can never be paid because it is not possible to return to the bank more dollars than were created, making it inevitable that the Federal Reserve Banking System acquire title to all wealth in the nation.
Increasing the amount of currency and checkbook money increases inflation.
Creating new dollars reduces the value of all dollars, resulting in higher prices.
By manipulating the quantity of created dollars, the purchasing power of every dollar is altered.
Depressions are the result of private bankers reducing the money supply by tightening credit and withdrawing currency, causing a drop in prices, unemployment and foreclosure of property. This is premeditated theft.
If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporation that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.
A promise to pay money substituted for lawful money until the promise was removed.
Exchanging paper currency is not a complete transaction until payment is made in gold or silver coin. Until then, it is both credit and debt a record of a specific amount of money to be paid or received.
Credit, a deferred payment and debt, a sum of money due, are the same thing. It is hidden by deceptive double-entry bookkeeping where a debt becomes an asset by calling it a credit. Paper money that redeems nothing only appears to have value because it can be exchanged for things of value.
When a piece of paper representing debt is exchanged for wealth, someone has been robbed. Paper money transfers wealth from one person, then from another, then from another, and on and on until the last person will be stuck with it.
When banks cannot honor their contract to redeem their notes for gold or silver coins, they are bankrupt. The contract between the people and the Federal Reserve printed on each bank-note promising to pay in lawful money was invalidated because the system went bankrupt and because the amended version of the “Trading with the Enemy Act of 1917” placed all US citizens in the category of enemy, and no contract is considered valid between enemies.
American citizens were declared to be the enemy by their own government, for indeed they would be if the people ever discovered what had happened to their money.
Being unable to trade in wealth such as gold and silver coin enslaves the people to those who create and control what is being called money.
All it took to rob the public was to convince the people that paper and credit are money. The Federal Government and the Federal Reserve have the power to create unlimited amounts of credit because credit does not exist. It is not a tangible substance, but an idea represented by bookkeeping entries and computer symbols.
To pay means to deliver a tangible substance as money like gold and silver coin. Where there is no substance, there is no payment. There is only pretend payment. Banks do not really lend money, they only pretend to lend money. They put no money in a borrower’s account. They only make bookkeeping entries that are reduced as the borrower writes checks against imagined deposits.
When the banks charge interest on a loan they do not make, banks impart psychological value to numbers of nothing. Charging interest sustains the illusion that banks loan something of value, when all they do is rent the appearance of money.
Three years after signing the Federal Reserve Act into law, US President Woodrow Wilson made the following statement:
“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 small groups of dominant men.”
The Secretary of the Treasury is not the US Secretary of the Treasury because the US Treasury was bankrupted in 1933.
The Secretary of the Treasury is not paid by the United States Government. The Secretary serves as US Governor of the International Monetary Fund as receiver of the bankrupt United States, collecting the debt from US citizens.
The value of the US$ in 1940 was worth 17 times more than the value of the US$ now as a result of the Federal Reserve’s long-term monetary policy, which has quietly cooperated with the federal government to finance government deficits with Federal Reserve credit.
Thomas Jefferson said:
“If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered.
Most people assume that the Federal Reserve Bank is Federal that is, part of the United States’ government. However, the Ninth Circuit Court put that issue to rest in 1982 when they adjudicated:
“Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately-owned and locally controlled corporations.”
– Lewis vs. U.S., 680 F. 2d 1239, 1241]
“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
“In the united States we have, in effect, two governments….We have the duly constituted Government….Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.”
– Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, 1967
“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
“These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”
– Teddy Roosevelt
The paper and digital currency that bankers create out of thin air is backed by nothing. The more paper “dollars” they roll off the printing presses or digital “dollars” created by computers, the less each one is worth. Therefore, it takes more of ’em to buy the things people need, so the price of everything has to go up and up and up in endless inflation.
Wages for most people will not increase fast enough to stay ahead of the game. But not to worry, the international bankers have created plastic credit cards – VISA, MasterCard, American Express etc., to help the people out.
The Federal Reserve is also a monopoly, in a country where monopolies are supposed to be illegal.
The US income tax department – Internal Revenue Service (IRS) – deposits people’s income tax payments directly in the Federal Reserve Bank- not in the United States Treasury.
Therefore, the Internal Revenue Service (IRS), an unconstitutional entity, is merely the collection agency for the international bankers. Over the years the IRS has become a tool of the elite banking families to financially attack and/or imprison people who expose the Federal Reserve.
If you take out a paper dollar and look at it, you will notice that it states at the top of the “bill”: “FEDERAL RESERVE NOTE”.
A “note” is, by definition, an “instrument of debt” and “evidence of debt”. According to BLACK’S LAW DICTIONARY (Sixth Ed.) “MONEY” is defined: “In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate.”
Banks can create this phony “currency” out of thin air. Banks can loan out “currency” that they don’t even have.
When you apply for a loan from a bank, the bank does not have anything to back up that loan because they are allowed to loan out about 7 to 10 times more “currency” than they have on deposit. This is not mere speculation; this is a matter of court record, testimony under Oath, by a former lawyer for the Federal Reserve. In other words bankers create “currency” with just the stroke of a pen or the keystroke of a computer.
These bankers then charge you “interest” to borrow this “currency”, which is nothing more than some numbers typed on a piece of paper! If American People ever did this they would be spending many years in an US federal prison. Unfortunately, they do not print enough currency to pay the interest so more pseudo-dollars must be borrowed to pay off the interest, resulting in a unpayable, ever-increasing debt.
Note 1: US President John F. Kennedy planned to terminate the privately owned Federal Reserve System. In 1963, he signed Executive Orders EO-11 and EO-110, returning to the government the responsibility to print money, taking that privilege away from the Rothschild. Shortly thereafter, President John F. Kennedy was assassinated.
Note 2: The article was from Nalliah Thayabharan in response to my post: https://adonis49.wordpress.com/2012/05/15/super-nationalist-zionism-contributed-to-the-rise-of-the-third-reich/
Note 3: https://adonis49.wordpress.com/2012/06/10/privately-owned-federal-reserve-bank-how-the-rothschild-family-controlled-the-printing-of-the-dollars/
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Adonis Diaries 
Abraham Lincoln worked valiantly to prevent the Rothschild’s attempts to involve themselves in financing the Civil War.
Interestingly, it was the Czar of Russia who provided the needed assistance against the British and French, who were among the driving forces behind the secession of the South and her subsequent financing.
Russia intervened by providing naval forces for the Union blockade of the South in European waters, and by letting both countries know that if they attempted to join the Confederacy with military forces, they would also have to go to war with Russia.
The Rothschild interests did succeed, through their agent Treasury Secretary Salmon P. Chase, to force a bill (the National Banking Act) through Congress creating a federally chartered central bank that had the power to issue U.S. Bank Notes.
Afterward, Lincoln warned the American people:
“The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy.
I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed. ”
Lincoln continued to fight against the central bank, and some now believe that it was his anticipated success in influencing Congress to limit the life of the Bank of the United States to just the war years that was the motivating factor behind his assassination.
Modern researchers have uncovered evidence of a massive conspiracy that links the following parties to the Bank of Rothschild.
Lincoln’s Secretary of War Edwin Stanton, John Wilkes Booth, his eight co-conspirators, and over 70 government officials and businessmen involved in the conspiracy.
When Booth’s diary was recovered by Stanton’s troops, it was delivered to Stanton. When it was later produced during the investigation, 18 pages had been ripped out. These pages, containing the aforementioned names,were later found in the attic of one of Stanton’s descendants.
From Booth’s trunk, a coded message was found that linked him directly to Judah P. Benjamin, the Civil War campaign manager in the South for the House of Rothschild.
When the war ended, the key to the code was found in Benjamin’s possession. The assassin, portrayed as a crazed lone gunman with a few radical friends, escaped by way of the only bridge in Washington not guarded by Stanton’s troops.
“Booth” was located hiding in a barn near Port Royal, Virginia, three days after escaping from Washington. He was shot by a soldier named Boston Corbett, who fired without orders. Whether or not the man killed was Booth is still a matter of contention, but the fact remains that whoever it was, he had no chance to identify himself.
It was Secretary of War Edwin Stanton who made the final identification. Some now believe that a dupe was used and that the real John Wilkes Booth escaped with Stanton’s assistance.
Mary Todd Lincoln, upon hearing of her husband’s death, began screaming, “Oh, that dreadful house!”
Earlier historians felt that this spontaneous utterance referred to the White House. Some now believe it may have been directed to Thomas W. House, a gun runner, financier, and agent of the Rothschild’s during the Civil War, who was linked to the anti-Lincoln, pro-banker interests.
Another myth that all Americans live with is the charade known as the “Federal Reserve.” It comes as a shock to many to discover that it is not an agency of the United States Government.
The name “Federal Reserve Bank” was designed to deceive, and it still does. It is not federal, nor is it owned by the government.
The Federal Reserve Bank is privately owned. It pays its own postage like any other corporation. Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation. Government property, as you know, is not.
It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated.
It has enabled an imperial elite to manipulate our economy for its own agenda and enlisted the government itself as its enforcer. It controls the times, dictates business, affects homes and practically everything.
It takes powerful force to maintain an empire, and this one is no different. The concerns of the leadership of the “Federal Reserve” and its secretive international benefactors appear to go well beyond currency and interest rates.
Andrew Jackson was the first President from west of the Appalachians. He was unique for the times in being elected by the voters, without the direct support of a recognized political organization.
He vetoed the renewal of the charter for the Bank of the United States on July 10, 1832.
In 1835, President Andrew Jackson declared his disdain for the international bankers:
“You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.”
There followed an (unsuccessful) assassination attempt on President Jackson’s life. Jackson had told his vice president, Martin Van Buren, “The bank, Mr. Van Buren, is trying to kill me….”
Was this the beginning of a pattern of intrigue that would plague the White House itself over the coming decades? Was his (and Lincoln’s) death related by an invisible thread to the international bankers?
President James Abram Garfield, our 20th President, had previously been Chairman of the House Committee on Appropriations and was an expert on fiscal matters. President Garfield openly declared that whoever controls the supply of currency would control the business and activities of all the people. After only four months in office, President Garfield was shot at a railroad station on July 2, 1881.
President John F. Kennedy planned to exterminate the Federal Reserve System.
In 1963 he signed Executive Orders EO-11 and EO-110, returning to the government the responsibility to print money, taking that privilege away from the Federal Reserve System.
Shortly thereafter, President John F. Kennedy was assassinated. The professional, triangulated fire that executed the President of the United States is not the most shocking issue. The high- level coordination that organized the widespread coverup is manifest evidence of the incredible power of a “hidden government” behind the scenes.
In the 70′s and 80′s, U.S. congressman Lawrence McDonald from Georgia, spearheaded efforts to expose the hidden holdings and intentions of the international money interests. His efforts ended on August 31, 1983, when he was killed when Korean Airlines 007 was “accidentally” shot down in Soviet airspace. A strange coincidence, it would seem.
Senator Jesse Helms of North Carolina, Senator Steven Symms of Idaho, and Representative Carroll J. Hubbard, Jr. of Kentucky were aboard sister flight KAL 015, which flew 15 minutes behind KAL 007; they were headed, along with McDonald on KAL 007, to Seoul, South Korea, in order to attend the ceremonies for the thirtieth anniversary of the U.S.-South Korea Mutual Defense Treaty.
The Soviets contended former U.S. president Richard Nixon was to have been seated next to Larry McDonald on KAL 007 but that the CIA warned him not to go, according to the New York Post and TASS.
Senator Henry John Heinz III and former Senator John Goodwin Tower had served on powerful Senate banking and finance committees and were outspoken critics of the Federal Reserve and the Eastern Establishment.
On April 4, 1991, 52-year-old Henry John Heinz III, Republican Senator from Pennsylvania, crashed in a Piper PA60 Aerostar when it collided with a Bell 412 helicopter near Philadelphia. Burning wreckage fell on the grounds of an elementary school in nearby Lower Merion Township; two of the dead were children playing outside at noon recess.
On the next day, April 5, 1991, John Goodwin Tower was also killed when twin-engine turbo-prop Atlantic Southeast Airlines plane flying from Atlanta went down in a thickly wooded area within view of motorists on Interstate 95. The coincidences seem to mount.
A commuter plane – Flight Atlantic Southeast 2311- twin-engine turbo-prop Atlantic Southeast Airlines plane flying from Atlanta carrying 23 people, including former 65-year old Republican Senator John Tower of Texas, crashed and burned in a thickly wooded area within view of motorists on Interstate 95 – a mile and a half short of the airport killing everyone on board.
Attempts to just audit the Federal Reserve continue to meet with failure.
It is virtually impossible to muster support for any issue that has the benefit of a media blackout. The bizarre but tragic reality that the American people suffer from a managed and controlled media is a subject for another discussion.
For many years, numerous authors have attempted to sound the alarm that there exists a hidden “shadow government” that actually rules America. Most of us have dismissed these “conspiracy theory” views as extremist and unrealistic. The ignorance in America is overwhelming. Indeed, the contrast in general awareness of world affairs between the average American and the average European is striking. The concentration of power in America is frightening.