The scam, the money issue. Chapter 8.
In 1907, a money panic occurred, which many believed to be caused by deliberate international gold shipments which depleted bank reserves.
As a result of the damage caused by this money panic, the people of our nation and various politicians agitated for monetary reform.
In 1909, the 16th Amendment to the US Constitution establishing the income tax was proposed and supposedly ratified in February 1913, income tax was a condition precedent for a fiat currency system between 1909 and 1913.
A plan for a proposed central bank took shape, and the Federal Reserve Act.
Establishing a private non-Federal Reserve system of banks was passed December 23, 1913.
The Federal Reserve Act has sold to the American public by its proponents, gave the outward appearance that the money trust was being destroyed and replaced by a government agency which would operate for the benefit of the people. The people were defrauded because the act did not dethrone the money trust, but in fact granted vast and unknown powers to it.
The system is totally private, having only a few titular public heads, financial powers that sought and obtained this legislation desired a privately owned system with enough public facade which gives the deceptive appearance of government authority.
Not only does legislation disclose the private nature of this system. The federal courts have recognized this fact. See Louis B. United States 680 F.2D.
12:39 9th Cert.
of a court.
1982.
The Federal Reserve Act established 12 privately owned Federal Reserve banks who stock was to be owned by the member banks. These 12 private regional central banks comprise the system now known as the Federal Reserve Bank.
The only public attribute of this system is that it is controlled by 12-member Board of Governors, 7 of whom are appointed by the President of the United States.
The original act authorized the issuance of Federal Reserve notes which were to be redeemed in lawful money of the United States, according to 12 USC 411.
And 12 USC 152 prior to its repeal in 1994, defined lawful money to be gold and silver coin.
Therefore, the act called for Spey redemption of certain of such notes.
The fact that such notes were deemed to be obligations of the United States shows conclusively that Congress’s power to issue legal tender treasury notes derived from its power to borrow money on the credit of the United States. Article One, Section 8, clause 1 was given.
To the system because the Federal Reserve Act conveyed this very substantial congressional power to the private banking cartel. The question arises concerning the constitutionality of this legislation.
Since Congress established no discernible purpose or policy insofar as the issuance of these obligations is concerned. There is no standard by which the actions of the private system can be controlled. There are no rules, regulations, or procedures to be followed concerning the issuance of these FRNs. There are no requirements.
For findings of fact regarding the issuance of FRNs. No administrative procedures such as public hearings and the opportunity to be publicly heard.
The Federal Reserve system was given unbridled power to expand or contract quantity and worth of outstanding federal bills of credit.
This legislation is unconstitutional for this very fact and was the first step in the complete takeover of the United States and the funding of the First World War.
The Federal Reserve system was established just in time for the war, the system created all the credit needed to finance that war. Federal bonds were sold to the Federal Reserve Bank in exchange for credit to the government for federal bonds. These federal bonds, public promissory notes became the basis upon which Federal Reserve notes private promissory notes were issued.
Public promises were used to borrow the private credit of the American people.
From the private, non-federal Federal Reserve Bank.
After the conclusion of the war, the Federal Reserve system intentionally contracted.
The currency supply.
The Federal Reserve had demonstrated its ability to expand the currency supply. Now it was the best time to test its ability to contract it. On May 18, 1920, a secret meeting of the Federal Reserve Board devised a criminal plan to severely damage the commerce of the United States, the agriculture industry in particular. During this meeting, plans were made to severely raise the reserve requirements and discount rate. The results were predictable
and agriculture and its support industries received a severe financial blow all for the purpose of reducing food prices, great financial ruin resulted in those who were damaged or without all. The system proved to be efficient and contracting the money supply, thus laying the groundwork for the Great Depression. After this vicious and criminal currency contraction.
The system began the inflationary policy that created the bubble of the roaring twenties. By 1926, 1927, and 1928 newspapers, bank officials, stockbrokers, and even the president, governors, the states praised the good times and encourage people to enter the stock market because prosperity had now arrived.
But during the spring or summer of 1929 plans similar to those devised on May 18th, 1920, were seen to be operating, and on October 29, 1929, the speculation bubble caused by by the inflationary policy of the Fed, broke, and the Great Depression of our nation began.
Fortunes are made by inflationary currency policies and contractual currency policies as well. The trick is to know when the effect of these policies will occur. Those in the know made fortunes during the Depression, compliments of the system created and allowed by Congress.
The system withdrew credit from the private sector of our economy, economy caused the depression.
The federal but the, but between the collapse in October 1929 and June 1st, 1933, the Federal Reserve Bank’s ability to create credit enabled it to use the private credit it stole from the American people to buy federal bonds, redeemable in gold.
By June 1, 1933, the Federal Reserve System held virtually all of the United States gold bonds that were to mature between June 1st, 1933 in January 1st, 1934.
Owning these bonds put the Federal Reserve in a position to dictate the fate of the nation to Congress and these private non-federal Federal Reserve banks did exactly that and have been doing so ever since.
The scam
Follow through, part two.
On March 4th, 1933, Franklin Roosevelt was inaugurated the US president in very troubling time in the Depression.
On March 6, 1933, Roosevelt declared a banking holiday and closed the door of the nation’s bank.
On the authority of the expired World War One trading with the enemy Act 40 411, which had expired at the termination of that war to authorize the President to outlaw the hoarding of gold. Some of the banks that were closed as a result of Roosevelt’s executive order never reopened to the ruin.
Of their depositing customers.
Roosevelt called an emergency session of Congress for March 9, 1933.
When the house convened it immediately passed the emergency Banking Act of 1933 without seeing a copy of the proposed legislation with only 40 minutes debate.
Roosevelt extended the bank holiday with his new powers and issued another executive order on March 10th, 1933 to divest Americans of their constitutional rights to possess gold, thus commence the war on gold initiated by the American president at that time.
By June 1st, 1933, congressional Joint Resolution 1192 was proposed to make it against public policy to pay any obligation to gold.
House joint resolution 192 was enacted on June 5, 1933, and even though it was only a resolution, it was given the force of law.
On August 28, 1933, Roosevelt issued another executive order which required information returns for gold ownership and outlawed the ownership gold without a license.
Failure to file the return in owning gold without license were made crimes against the state. Roosevelt’s legislation to outlaw gold made the federal government the biggest order of gold in the world and put America on the in convertible currency, promissory note standard instead of the gold standard that America had been on before. The inconvertible currency promissory notes standard was deemed modern, like the architecture of the 1930s.
And the boat tail Dusenberg’s Auburns and chords, the final piece of legislation Roosevelt secured in his war on the ownership of gold by American citizens was the Gold Reserve Act January 30th, 1934.
48 337.
This legislation was also railroaded through Congress in the manipulative tradition used to obtain the emergency banking app of 1933. Roosevelt and Congress used an alleged national emergency. Actually, the bankruptcy of the Federal United States.
As the predicate for the hastily.
Legislation and orders so issued.
And let’s not forget.
By 1942, you were given a 94% income tax with a max cap of 400K per year.
In 1946, they pushed the foreign aid.
Act and foreign aid had a two-part deal to it. It was to keep
Other countries under the thumb of the American government by way of the US dollar USD.
And also tax the American people on ways they don’t know which way it’s coming from.

The conditions now:

Any crime against the law and mankind has ever occurred, it was surely the crime that Congress committed when it established the the Federal Reserve system in 1913.
This act created 12 privately owned banks of issue which were unified into one private system and given a public facade for appearance sake, for no consideration without any restraints being placed upon the grant, Congress empowered these banks to issue notes which were deemed to be the obligations of the United States government on behalf of the people.
After creation, these banks quickly assumed the prominent position in the financial affairs of this nation, which they have held ever since.
Their power was exercised adversely in 1920 and 1921, and the result was a depression in agriculture.
Therefore, these banks created a boom which, when the bubble burst ended the worst economic calamity known to modern man to date the Great Depression.
During the Depression, these banks made war against the UNI T E D S T A T I E S.
Gold and silver coins have always been and always will be the enemy of paper money, the friends of paper money during this dark era in our history.
Made certain that gold would never again offend them, the embarrassing predicament in which they placed the federal government with sufficient to cause the federal government to take an action unprecedented in the annals of the history of money.
This action was the bold move to confiscate all gold in in the possessession of private American citizens and allegedly
To forever lock it up in the vaults of Fort Knox.
All of this occurred during the national emergency that was the predicate for the actions taken.
The knowledge and experience gained by the central bankers in the 30s was put to use in the 60s when a very silent war against Silver was conducted, which resulted in the obliteration of all connections between this precious metal and our currency.
All the attention of the American public was focused upon the preparations for sending men to the moon, one of the most deadly social diseases ever known to man, the money was introduced to our nation.
Today, the currency system in our country is totally privately owned and controlled, it is manipulated at will and in a specifically designed to financially conquer the people of America.

The chief banknote which this system issues, the FRN.
TFederal Reserve note is totally irredeemable.
These notes, in addition to critic claims against the Federal Reserve Bank constitute the reserves upon which the the nation’s private banks issue a multiple of demand deposits out of thin air.
Which are likewise irredeemable.
The issue of FRNs are all these private banks in plainly is plainly unconstitutional.
In this entire system has been imposed upon the American people with irresistible force and the power of the gun.
Our entire currency system is as unconstitutional as the Confederate currency system was of civil war times.
Since the advent of Fiat paper money, our nation has suffered from the identical ills which the the framers of the Constitution endured and sought to prevent.
Inflation is endemic. Taxes are constantly rising. Crime is rampant, Americans are unemployed and losing their homes at a deplorable rate and that great institution, the American family is falling apart.
And has fallen apart.
These are always the direct social consequences consequences whenever any nation has permitted its currency to be debauched as history has clearly shown.
Neither the national executive or legislative branches display any inclination nor their lawful authority to remedy this severe social problem.
Further, state governors and legislators are afflicted with a supposed lack of knowledge and the true nature of coin credit and monetary circulation and therefore unable or unwilling to offer redress.
However,
The judiciary of our nation does offer hope and has given the people a ready remedy, and they can implement to revitalize America.
Perfect solution lawfully established in HJR 192 of 1933.
How banks operate.
It is well recognized by the banking textbooks and experts that banks engage in a practice known as deposit creation, which in essence is simply the credit, the creation of credit by bookkeeping entry.
As the Federal Reserve Bank of Chicago has so aptly stated in its publication, Modern Money Mechanics.
The actual process of money creation.
Takes place in the banks.
As noted earlier, checkable liabilities of banks or money.
These liabilities are customers’ accounts, they increase when when the customers deposit currency and checks and when the proceeds of loans made by the banks are credited borrows accounts.
Borrower’s accounts.
In the absence of legal reserve requirements, bank can build up deposits by increasing loans and investments so long as they keep enough currency on hand to redeem whatever amounts the holders of deposits want to convert into currency.
Thus, banks simply extend credit when loans are made. The currency for which these and all other loans in America can be redeemed as known as Federal Reserve notes, FRNs.
The reserves held by the Federal Reserve Bank have been admitted by the government in its work titled Arimer on Money to be backed by nothing.
Today, the American people use coins, currency, paper money.
And commercial bank.
Demand deposits parentheses checkbook money.
Parents
ID 817.
The private commercial banks issue checkbook money.
Imagine there’s only one bank in the country and that it has two private depositors, each with $50 in his checking account.
Total bank demand deposits would then be $100.
Suppose John Jones asked for a $50 loan from the bank and the bank approved the loan.
The bank would then lend the money to Mr. Jones by simply opening the checking account for him and depositing 50 bucks into it.
This is what ordinarily happens when one business or private individual calls from a bank. The bank deposits, the bank deposits the amount of the loan in the relevant checking account.
In making the loan to Mr. Jones, the bank did not reduce anybody’s previous bank balance. It’s simply credited the Jones account with 50 bucks.
The total amount held in bank demand deposits now becomes $150.
The bank has therefore issued $50 in checkbook money.
The natural question to ask is where does the bank get the additional $50 to issue and lend to Mr. Jones.
The answer, as will become clear very soon here, is that the bank did not get the money at all.
The money has been created ID.819-20.
All money used in this country and in most countries of the world is of two types. One is printing press money, which is money printed by the government. The other type of money is in use is pen and ink money.
Pen and ink money is created by the private commercial banks and each time a bank makes a loan, buys a US government security or buys any other asset.
Printing press money is engraved on special paper and with special inks and it cost about 1 cent per bill.
Whether $1 bill or a $10,000 bill, pen and ink money is created by a private banker simply by making ink marks on the books of the bank.
However, in recent years, many of the banks have installed obviously electronic office machines which make the entries in the bank’s books, someday, the day I we may come to refer to bank-created money as office machine money or perhaps Univac.
I the
848-49.
In the first place, one of the major functions of the private commercial banks is to create money.
A large portion of bank profits come from the fact that the banks do create money and as we’ve pointed out, banks create money without cost to themselves in.
The process of lending or investing in securities, such as government bonds.
Bank profits come from interest on the money lent and invested.
While the cost of creating money is negligible, banks do incur costs, of course, from bookkeeping to loan officers salaries.
The power to create money has been delegated or loaned.
By Congress to the private banks for their free use. There is no charge.
ID at 89.
Since I had also seen reports that the member banks of the Federal Reserve system have a certain number of millions of dollars in cash reserve on deposit with the Federal Reserve Bank. I then asked if I might be allowed to see these cash reserves. This time my question was met with some looks of surprise. The bank officials then patiently explained to me there are no cash reserves.
Cash in truth does not exist and never has existed what are called cash reserves or simply bookkeeping credits entered into the ledgers of the Federal Reserve Banks. These credits are first created by the Federal Reserve and then passed along through the banking system.
On another occasion in the spring of 1960, I paid a visit to the Federal Reserve Bank of Richmond.
Along with several other members of Congress and in the course of the visit, asked the president of the bank if I could see the cash reserves in which the member banks had on deposit with their bank.
Here the answer was in substance the same. There is no cash in the so-called cash reserve. In other words, the cash making up the bank’s cash reserves with the Federal Reserve Bank is just a myth. ID at 38. Mr. Russell Monk, an official employed at the United States Treasury Department has declared the common banking practices today involve mere extensions of credit via loans.
If the money supply is to be increased, money must be created. Federal Reserve Board or the Fed, as it’s often called, has several ways of allowing money to be created, but the actual creation of money always involves the extension of credit by private commercial banks, the credit of the people.
In both the goldsmith’s practice and in modern baking, new money is created by offering loans to customers, a private commercial bank, which has just received extra reserves from the Fed by borrowing reserves, for example, can make roughly $10 in loans for every $1 in reserve it obtains from the vet. How does it get $10 from $1 it simply makes book entries for its lone customers saying you have a deposit of $10 with us. Banks are prohibited by law from loaning their assets or their customers’ assets.

By David E. Robinson by agreement.