11110 Reasons Why The Federal Reserve Is The Greatest Fraud Of All Time

Mention the Federal Reserve (FED) and most people, including Americans, will think that you are talking about the financial arm of the US government.

That assumption, however, would be well off the mark.

The Federal Reserve is in fact a private company.

Many Americans also believe that the FED is part of their Constitution.

UNCONSTITUTIONAL

However, that assumption is also far from true. In fact, Article 1, Section 8 of the United States Constitution actually outlawed such an entity from ever existing -

‘only Congress shall have the power to create money and regulate the value thereof’.

In stark contrast to this statement, the Federal Reserve Bank is owned and run by private individuals and international bankers.

These international bankers have the power, through the United States Treasury, to print money by simply adding ink to worthless pieces of paper.

What is more, they also control it’s value and even loan it to the US’ and other governments around the world, charging interest for the privilege.

This ability affords the Federal Reserve huge amounts of power, despite the fact that their very existence violates the US Constitution.

With that in mind is the Federal Reserve the greatest, and most overt, financial crime of all time?

BRIEF HISTORY

The Federal Reserve was originally begun with approximately 300 individuals and banks backing it.

Each bought a number of shares at a cost of $100 each.

As these shares are never publicly traded one can only wonder how much each is worth today!

Collectively, the shareholders in the Federal Reserve make up the strongest financial cartel in history.

Each year the Federal Reserve collects billions of dollars in interest payments alone, distributing the profit between it’s members.

The Federal Reserve is allowed to print as much money as it chooses yet pays no interest, fees or charges to the US government.

This ability to literally print as much money as it wants was bestowed upon the FED in 1913, despite it being quite illegal.

MANIPULATION OF INFLATION AND INTEREST RATES

The FED creates money and then lends it to individual, companies and governments throughout the world.

Through the banking sector they then turn a huge profit by charging interest on these loans.

The basic tenants of supply and demand dictate that the endless printing of new bank notes will cause inflationary pressures.

This means that the FED could manipulate the money flow in order to drive up inflation and therefore interest rates.

Any other organisation with that sort of power would be under constant surveillance in order to ensure that it wasn’t abusing it’s power in order to commit fraud.

In stark contrast, the FED’s dealings are often concluded behind closed doors and with little to no supervision.

THE FEDERAL RESERVE ACT

Back in 1913 there had been many failed attempts to get the Federal Reserve Act through Congress.

At this point in time the bankers elected to fund Woodrow Wilson’s attempt to gain the presidency of the United Sates, in return for his continuing support of the FED.

Just before Christmas that year, when most other Senators were away on holidays, one Nelson Alrich managed to get the Federal Reserve Act through with little resistance.

Nelson Aldrich, incidentally, was a grandfather to the Rockefellers.

After his election to the Presidency Woodrow Wilson passed the Federal Reserve Act, only to later comment, “I have unwittingly ruined my country”.

There are a great many commentators who believe that US presidential candidates are now carefully selected and funded by the FED, so that they can guarantee that every new president will be sympathetic to their cause.

WHO ARE THE CURRENT OWNERS OF THE FEDERAL RESERVE?

Whilst there may still be some smaller shareholders in the FED, it is believed that the Federal Reserve is owned and controlled primarily by the following Central banks -

1.  Rothschild Bank of London
2.  Warburg Bank of Hamburg
3.  Chase Manhattan Bank of New York
4.  Warburg Bank of Amsterdam
5.  Rothschild Bank of Berlin
6.  Lehman Brothers of New York
7.  Lazard Brothers of Paris
8.  Kuhn Loeb Bank of New York
9.  Goldman Sachs of New York
10. Israel Moses Seif Banks of Italy

the-federal-reserve

EXECUTIVE ORDER 11110

On June the 4th 1963 one brave man attempted to remedy the situation by stripping the Federal Reserve Bank of its power to loan money to the government at interest.

President John F. Kennedy signed an Executive Order – No. 11110 – that instantly gave the U.S. government the right to issue currency without going through the Federal Reserve.

This was achieved by granting the Treasury the power ‘to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.’

In other words, for every ounce of silver held in the U.S. Treasury’s vault, the government could print a certain, and limited, amount of new money.

Under Executive Order 11110, Kennedy was responsible for introducing around $4.3 billion of notes into circulation.

CONSEQUENCES

Executive Order 11110 could have been a hugely significant turning point in U.S. history.

In an instant President Kennedy almost consigned the Federal Reserve Bank to oblivion.

If  silver certificates had continued to be issued then there would soon have been a total lack of demand for Federal Reserve notes as the former were backed by silver and the latter backed by absolutely nothing at all.

Executive Order 11110 had the potential to slash national debt as no interest would be payable.

Eventually the government would have repaid all it owed to the Federal Reserve and at that point the Bank would have ceased to serve any kind of useful function.

ASSASSINATION

Just 5 months later and President Kennedy was assassinated in Dallas in what many believe was a grand conspiracy.

Could Executive Order 11110 have cost Kennedy his life?

After all, the Executive Order has never repealed by any subsequent U.S. President and could be enacted at any time.

Why hasn’t any President followed Kennedy’s lead in returning to a monetary system backed by silver?

Perhaps JFK’s assassination sent out a message that was well understood by his successors?

About Lee Munson

Lee's non-technical background allows him to write about internet security in a clear way that is understandable to both IT professionals and people just like you who need simple answers to your security questions.

Comments

  1. The King Has No Clothes says:

    The best hedge against a fall in the greenback is real estate.

    Convert your dollars to a commodity that produces some stability, or even better pays you as you hold it: Real Estate.

    If Inflation hits, then your house is worth more of perfectly-printed dollars. Need something to trade with at the store?

    Convert all your equity to silver coins.

    • I agree with real estate and silver but do you not think that gold is the better investment right now?

  2. The government is borrowing 875 billion dollars from its own people without their permission–and the people are already broke and suffering in endless debt. Once the U.S. loses it’s ability to borrow money from its own people and particularly other countires (like China), it will collapse and fall into a long period of hyperinflation–so severe, a meal may cost thousands of dollars. There will be revolution. I don’t think this will happen, I know it will.

    • I assume then that they are ‘borrowing’ this money by simply printing it?

      What sort of revolution are you predicting?

      Personally, I can see the same thing happening in the UK and can imagine a scenario in which the monetary system is pulled apart.

      Not sure if that’s good or bad though.

  3. You’re preaching to the choir on this one. American’s bicker back and forth over democrat versus republican while the Fed laps up endless profits. Now we have a president who wants to give the Fed even more power. Obama is no better than Bush . . . and with his new “stimulus” package, absolute financial disaster is eminent.

    Great post and a message that cannot be mentioned enough.

    • Democrat vs Republican in the US, Labour vs Conservatives in the UK.

      And all the while I thought it was Them vs Us!

      Not being American I don’t know much about the stimulus package – why do you think it will be disasterous Bobby?

  4. Kennedy was killed by the communist Lee Harvey Oswald and I fail to see how you can link that to the Fed.

    • I’m just putting forward the beginnings of an idea TCOT so that others might think and then draw their own conclusions.

    • psst. he tried to change the currency to gold n silver fool. The federal reserve didn’t want that shit going down

  5. I don’t have any answers but you have certainly given me plenty of questions to think about!

  6. That’s what I love about your site Lee – one day it’s kiddie drawings and the next it’s an epic masterpiece :D

  7. Wow this made me stop and think. You make good points about the bank being unconstitutional but if that was true why is it not publicised, debated and dealt with?

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