seeds & roots
the fed
True or False
The American Dollar is currently worth .3428 oz of Gold.
The Central Banking/Federal Reserve Act (The Aldrich Plan) was drafted by congressional representatives on Jeckyl Island in 1910.
The US Government tells the Federal Reserve how much money it can print.
When the Senate voted the bill instituting the Federal Reserve in June of 1913, it was a close vote, but the proponents won and got the Federal Reserve Bill passed.
The Federal Reserve is an extension of the US Government.
Answers
The American Dollar is currently worth .3428 oz of Gold.
FALSE. The dollar might be worth the paper is printed on. It is backed by no universal medium of value (something like gold). It hasn’t been since 1971 when president Richard Nixon did away with the Gold Standard. Since our currency has no real standard, it actual value is flucutating all the time. The Federal Reserve is the entity that controls that fluctuation and in turn controlling its value. Are you nervous yet?
The Central Banking/Federal Reserve Act was drafted by congressional representatives on Jeckyl Island in 1910.
FALSE. In 1910, The Central Bank/ Federal Reserve Act was drafted by the leading private bankers of the day, under the guise of a week long duck hunting trip at one of J.P. Morgan’s private residences on Jeckyl Island GA (who knew ducks were at the beach?!). Under the name of the Aldrich Plan, the bankers drafed a piece of legislation that suggested the country needed a central private bank to back the country’s monetary assets, even though the country had been operating perfectly fine without a central bank for 80 years. You don’t have to be a genius to realize, when the bankers say there should be one big bank to hold all the money, the bankers are the one who are going to benefit.
The US Government tells the Federal Reserve how much money it can print.
FALSE. The Federal Reserve meets with the Government to discuss these things, but in the end, the Fed does what it wants. The Fed isn’t held accountable to the Government, or any body for that matter. The Federal Reserve actual loans our government money with interest. When I say “loan” I mean the Fed prints up more money out of thin air and gives it to the Government. The Government is expected to pay back that same money over time plus interest. If that doesn’t sound right to you, it’s because its not right. Its legalized counterfeiting and with no standard to back our currency, the currency loses it’s value every time the Fed prints more of it. If you’ve had any money in savings for say 10-20 years, that money has actually lost value. Don’t shoot the messenger it’s basic economics.
When the Senate voted the bill instituting the Federal Reserve in June of 1913, it was a close vote, but the proponents won and got the Federal Reserve Bill passed.
FALSE. It wasn’t voted on in June and it wasn’t as close of a vote as you might think. It was voted on 3 days before December 25 when a lot of government representatives were home for Christmas. The voting record of the Senate indicates that the bill could have been stopped, but it passed by a vote of 43 yeas to 25 nays with 27 not voting. The voting record also shows that almost all of those not voting on the bill had previously declared their intentions and were paired with members of opposite intentions. The proponents of the Bill purposely chose to sneak the bill through the House and Senate days before Christmas b/c they knew that at any other time the other members of the government with a conscience (and a brain) would be present to speak out against such a crooked piece of legislation. The sad truth is that the bankers got their dream of a centralized private bank (accountable to no one) responsible for funding the US Government, legalized!
The Federal Reserve is an extension of the US Government.
FALSE. This is the easiest one to figure out by now if you’ve read this far. The Federal Reserve is a private bank; a complete and separate entity from the US Government. My question is this. Why is the Federal Reserve presented as a Government institution to the public? Most people just assume its Government owned and ran. It looks and sounds like Government, but if we study the history and facts it’s obviously a wolf in sheep’s clothing. It scares me that the majority of Americans don’t know (or care) that the Fed is the master bank that prints money for the Government at interest making money off everybody who in turn uses the dollar through cycles of inflation and bust.
I’m not a crazy conspiracy theorist, I’m just a normal guy who is studying the facts and saying “‘let’s call this what it is”. What the Fed does is basically equivalent to highway robbery of an unknowing American Public. Please be willing to educate yourself. Don’t take my word for it. Study the history yourself. You can start by watching the video below. After you’ve educated yourself on the facts and history, voice your concern to your government representatives & vote your conscience. We have the privilege of having government representatives who are willing to be our voice and enact legislation that represents what we say is right. I’m a firm believer that we deserve what we tolerate. Don’t tolerate this.