Adonis Diaries

Posts Tagged ‘Internal Revenue Service (IRS)

How the Federal Reserve Bank behaved since early 20th century?

The US Federal Reserve Bank, an owned private institution, was created on December 23, 1913. It was planned at a secret meeting in 1910 on Jekyll Island, Georgia, by a group of Zionist bankers and politicians.

The power to print money was transferred from the US Government to a private group of Zionist bankers.

The Federal Reserve Act was hastily passed just before the 1913 Christmas break. Congressman Charles A. Lindbergh Sr. warned: “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.”

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.”

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.

That was when 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 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.

Gold was now removed from the system, leaving silver dollars as the only lawful money available. Silver was eventually eliminated from the money system in 1965, leaving the public with a totally scam money system of irredeemable paper currency and copper-nickel clad tokens.

This money system represents 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.

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:

1. the system went bankrupt and

2.  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.  Indeed they would be the enemy 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 credi”t are money.

The Federal Government and the Federal Reserve have the power to create unlimited amounts of credit because credit does not exist. Credit 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 then 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.

The Secretary of the Treasury is not the US Secretary of the Treasury because:

1. the US Treasury was bankrupted in 1933.

2. 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 Federal Reserve Bank has provided the needed sleight-of-hand credit financing to involve America in every foreign war during the twentieth century. The net result of America getting involved in one foreign war after another has been a consequent steady decline in personal freedom; the growth of a highly centralized, bureaucratic and fascistic government.

A horrendous rise in taxation and the planned destruction of the gold standard, which used to give some degree of protection to American citizens against an out-of-control, profligate, high-spending government in Washington.  

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.

The Federal Reserve made extensive usage of the misleading words “Federal” and “Reserve” and has over time replaced our system of real money of gold and silver coin with worthless paper, which is against the law according to the US Constitution.

Alan Greenspan, served as Chairman of the Federal Reserve from 1987 to 2006, stated at the annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research on December 5, 1996:

 “Augmenting concerns about the Federal Reserve is the perception that we are a secretive organization, operating behind closed doors, not always in the interests of the nation as a whole. This is regrettable, and we continuously strive to alter this misperception.”

The only solution to this problem is to do away with the Federal Reserve and go back to the way it used to be and have American money system based on gold and silver coin.  The only solution to the problem is honest money.

Thomas Jefferson saw it coming more than 150 years ago and wrote:

“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.

The Ninth Circuit Court adjudicated in 1982:

“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]

Congressman Louis T. McFadden, Chairman of the House Banking and Currency Committee, delivered a speech on the floor of the House of Representatives, June 10, 1932:

“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.” End of quote

Congressman Wright Patman, Chairman of the House Banking & Currency Committee, speech on the House floor, 1967:

“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.”

Teddy Roosevelt said:

“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.”

Americans have to ask themselves why they were not taught the truth about the Federal Reserve in school.

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.  

However, in 1965 the united States’ mint stopped minting silver dollars.  When this occurred inflation began to skyrocket.  Now it takes an entire 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 the national debt is shooting over 12 trillion dollars!  And this is not even counting the private debt by individuals and corporations, which is somewhere over 50 trillion dollars.

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.  Of course, they don’t bother to tell us that they do not create enough paper/digital currency to pay off the debt plus interest so mathematically the economy will eventually collapse as has always occurred in history with paper currencies.

The Federal Reserve system was created by international banking families such as the Rothschild, Wartburg and Rockefeller.  This international banking cartel creates “money” out of thin air.  It only costs them a few cents to print each Federal Reserve Note “dollar bill”, and then they “bill” the American people for the full face value of the note.  

To add insult to injury, they charge Americans interest to borrow their so-called “money”.  If you or I did this, we would be arrested for counterfeiting and fraud.  This system was instituted gradually, starting with the Civil War and culminating with the fraudulent passage of the Federal Reserve Act in 1913.

The passage of the Federal Reserve Act was unconstitutional because:

1) the US Constitution prohibited “bills of credit” (i.e., paper notes) and

2) the US Constitution would have to be amended to go off the silver and gold coin standard for money.  The US Constitution, the supreme Law of the Land, can only be amended pursuant to Article V.  The US Constitution cannot be amended by statute.  These unlawful actions by a criminal Congress remind me of a quote by Alfred E. Neumann of Mad Magazine fame: “America is that land which fought for freedom and then passed laws to get rid of it.”

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.”  

Now this may come as a shock to some people, but those paper “Federal Reserve Notes” are not money and they are not dollars.  Federal Reserve Notes are merely an informal document acknowledging debt.   There is nothing backing these “bills” except debt.  However, people voluntarily use them as instead of money and as dollars.  The key word is “as” – The smallest words can have the biggest meanings.

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 ever-increasing debt that cannot be paid.” End of quote

Countless preemptive wars were waged, and many political and physical assassinations of leaders and Presidents in the USA were direct results of preserving this privately owned Federal Reserve Bank.

Seek knowledge and get engaged to change mankind’s lot.

Note 1: The article is a section of a lengthy reply by 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/

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Genesis of Banks and Financial transactions: And this Credit system alternative

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.

There are only two economic systems: They are barter and credit.

1. Barter is the trading of one thing of value for something else of value. Throughout history, many different things have been used for bartering because money, in and of itself, does not exist. Something must be used as money. People have traded for goods and services using farm animals, large rocks, shells and crops.

All things used as money have had one thing in common, they were all tangible wealth. They were all things you could touch. They were all things you could weigh and measure.

Gold and silver have been used not long ago as money worldwide for a couple of thousand of years. A money system using gold and silver coin is a barter system.

A $20 gold coin is twice as heavy as a $10 gold coin.

2. Credit is intangible wealth. You cannot touch credit. You cannot weigh and measure it because there is no substance to weigh and measure. It is all imagination.

Credit is not wealth. No work is used in the creation of credit other than a booking entry.

Credit is an idea, not a thing. It is expressed by bookkeeping entries and computer symbols. The manipulation of words and their meaning is the key to controlling what people think.

Thousand of years ago, people would pay the local goldsmith to store their gold for them in his vault. He would then give them a receipt for the amount of gold that was stored.

The receipt was not money, it was a money substitute. It was later common for people to use the receipts as payment for goods and services since they could be exchanged for the gold held in the vault at any time.

The goldsmith found out that only a small amount of the gold was ever claimed since people just kept exchanging the receipts. The goldsmith started writing receipts for more gold than he had, using some of the receipts to buy things and loaning the rest at interest, while taking title to real property as collateral.

It is recorded that the City-State of Venice created the official institution named Bank

The gold for these extra receipts did not exist. By adding to the amount of receipts in circulation, the goldsmith stole from the people with the real receipts and decreased the value of the real gold receipts by creating inflation.

The more of something there is, the less it is worth and the more of it is needed to trade it for something else.

Paper currency is a money substitute, it is not money. It is only valid when the number of paper currency equals the amount of real money that it is a substitute for.

By manipulating the number of receipts in circulation, the goldsmith stole the wealth of the town without anyone figuring it out.

By lowering the number of receipts, he could make money scarce, creating a depression where he could foreclose on the property and magnify his riches.

He could quicken economic activity and bring abundance by raising the number of receipts until his next rip off.

Traditional definitions are eliminated while new meanings are repeated over and over again until accepted.

The definition of dollar has changed to hide the fact that a dollar is not money, but a unit of measurement for gold and silver coin. For example:

1. Title 12 United States Code Section 152 says: “The terms lawful money or lawful money of the United States shall be construed to mean gold or silver coin of the United Sates.”

2. Title 31 United States Code, Section 5101 says: “The money of account of the United States shall be expressed in dollars.”

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.

Most people say something like, “I have a dollar bill”. But what is a bill?

A bill is a receipt of a debt owed by one person or company to another. Therefore, a “dollar bill” is a receipt (or bill) of debt of one dollar that is owed.

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.”

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.

If you are holding a one dollar Federal Reserve Note, the question is: “what is it one dollar of?”

The answer is absolutely nothing. The number one measures no substance.

The only thing that give paper money value is the confidence people have in it as is stated in chapter 30 of our textbook.

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.

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.. That was when 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 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.

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.

Another myth that all Americans live with is the nature of the “Federal Reserve”: It it is not an agency (public institution) of the United States Government. (See details in link on note 3)

The name “Federal Reserve Bank” is not federal, nor is it owned by the government. It is privately owned.  Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation.

But that’s another story (See details in link on note 3)

The US national debt is shooting over 12 trillion dollars!  (This amount is equivalent of selling off all of France wealth). And the private debt by individuals and corporations, which is somewhere over 50 trillion dollars.

Yet, the US insists on extending financial advice to the European Union on how to manage the Euro currency…

Note 1: The Federal Reserve Act is hastily passed just before the 1913 Christmas break. Congressman Charles A. Lindbergh Sr. warned: “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.”

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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