Tom Luxsox Coins

Frn Chicago

The Federal Reserve System is not Federal?

The money we use today is not real money.

The dollars you carry in your wallet or purse are not backed by anything.

Our current economic inflationary situation in this country is not due to rising prices, as government would like us to believe, but instead is caused by the Federal Reserve System.

The Federal Reserve is a cartel of international bankers, politicians, and power-brokers that have been systematically controlling our money, so that you and I, could be, and have been slaves to inflation, debt, and taxes.

"Give me control over a nation's currency and I care not who makes the laws."

Baron M.A. Rothschild

The Federal Reserve System cartel has prospered at our expense.

Runaway inflation in the US is here not because of an increase in prices, as our elected officials and the Fed's would like us to believe. We have inflation because of the increase in the money supply, which the Fed's create out of thin air.

"If the American people allow private banks to control the issuance of their currency, first by inflation then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Thomas Jefferson

The Feds Create Money With The Stroke Of A Pen

The money supply along with our national debt has increased because the Federal Reserve System has literally printed more money. They print money, as they need it.

How do they create their own money?

The Federal Reserve was incorporated in 1914, and since then the Feds have been creating money with the stroke of a pen; they use nothing more than a book entry.

When the government, or banks, businesses and individuals wants a loan from the Feds, the Feds simply writes a check for the loan, and of course the money is not really there, basically they write a "bad" check.

The person, who receives that "bad" check, then deposits the check into his or her bank.

The bank then sends the check to the Fed for payment, and wooosh, that money is instantly created out of thin air.

The bank now makes an entry on their books as an asset. That's right!

That bad check issued by the Feds is now an asset on the books of the bank.

And then what does the Fed do? Upon issuing that loan, the Fed makes an entry on their asset side of their books.

Isn't that amazing? Money has been marvelously created all over the place.

If you or I printed our own money, it would be called counterfeiting.

The Feds debts now become their assets.

Try that yourself and see if your accountant or the IRS will allow it.

Write a "bad" check and see what your bank does.

History records that money changers have used every form of abuse intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance."

President, James Madison

The Federal Reserve System is an out-of-control fire, and the Federal Reserve notes (FRN's) those paper dollars we carry in our purses and wallets are the fuel that feeds the burn.

"A Federal Reserve Note is merely an IOU. Here's how it works. When the politicians want more money, they dispatch a request to the Federal Reserve for whatever sum they desire. The Bureau of Printing and Engraving then prints up bonds indenturing taxpayers to redeem their debts. The bonds are then "sold" to the Federal Reserve. But note this unusual twist - the bonds are paid for with a check backed by nothing! It is just as if you were to look into your account and see a balance of $412 and then, hearing that the government bonds were for sale, write a draft for $1 billion. Of course, if you did that, you would go to jail. The bankers do not. In effect, they print the money that enables their check to clear."

James Dale Davidson, Director, National Taxpayers Union

However, there is a better way for all of us to secure the future we would like, without the help or the control of the Federal Reserve, the politicians, or the government.

We need to get back to the gold standard.

The US Constitution, which is the supreme law of the land, clearly states in Article 1 Section 10: "No State shall...coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt..."

Before 1913 and the Federal Reserve Act, the United States government coined and issued debt free money. The only type of legal money was gold and silver coin, and gold and silver, according to the Constitution, is still the only form of legal money.

To back up the Constitution and its definition of what lawful money is, the United States Code, federal statutory code, USC Title 12 Section 152 states; "The terms lawful money and lawful money of the United States shall be construed to mean gold and silver coin of the United States."

The Federal Reserve System has violated the Constitution by printing its own paper money, and by printing so much paper money, which is backed by neither gold nor silver, that inflation and debt has eroded away at our way of life.

Read the Constitution, study its contents, research what money really is, and what the Federal Reserve is, and then ask yourself.

Is the Federal Reserve System operating to benefit me?

Frank Pandozzi is a television producer, treasure hunter, and an author. For more information about Frank, please visit http://www.metal-detecting-ghost-towns-of-the-east.com

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