President Trump VS the Globalists (eBook)

Chapter 2

The Federal Reserve

“Permit me to issue and control the money of a nation and I care not who makes its laws.” Mayer Amschel Rothschild.

“And I sincerely believe with you, that banking institutions are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” Thomas Jefferson.

Some of the Globalist Families I’ve mentioned earlier control the creation of the dirty paper in your wallet. Let’s find out how that privilege, so important to a strong economy and a free citizenry, was taken out of the hands of congress. The Constitution tells us in Article 1, section 8, “Congress shall have power…To borrow money, to coin money, regulate the value thereof, and of foreign coin, and fix the standards of weights and measures: and to provide for the punishment of counterfeiting…No state shall…coin money: emit bills of credit: or make anything but gold and silver coin a tender payment of debts. Congress is no longer in the money business. The result, disaster. Let’s find out how that happened. While we’re at it a think I can tell you why President Trump has a picture of Andrew Jackson in the Oval Office. So what did Jackson do, quite a lot? Enough to have an assassination attempt on his life. Again, unfortunately, we did not learn about his most important achievement in school. We have to go back to the past very briefly to understand the train wreck called the Federal Reserve, surreptitiously thrust upon the deceived American congress in December 1913. For this chapter I drew on many sources. The one thing all of the sources had in common was that the Federal Reserve was created in great secrecy. To be fair I researched a book by a cheerleader for the Federal Reserve called America’s Bank, by Roger Lowenstein. This book is endorsed on the back cover by two former heads of the Federal Reserve, Paul Volker and Ben Bernanke, it too states that the Fed was created and planned under utmost secrecy. The question that I hope springs to your mind is why the secrecy? If the Federal Reserve banking system was/is good for the American people why did the founders of the Federal Reserve hide like criminals? Here is the definition of conspiracy according to Oxford: a secret plan by a group to do something unlawful or harmful. We know from all sources that the first half of the definition of conspiracy regarding the creation of the Fed is true. As we read on you decide if the second half, the unlawful and harmful part, is fulfilled by the history of the Fed. The book by the cheerleader (Roger Lowenstein) did have an interesting quote in it from Nelson Aldrich, the powerful senator from Rhode Island, maternal grandfather of the Rockefeller Brothers and head of the Senate Finance Committee at the time, he said, “I grow sick with the thought that I am to remain one of that herd of dumb, driven cattle which makes up the mass of men.” His grandsons and great grandsons feel the same way… about us.

In colonial days you had colonies printing their own money in an effort to be free of the Bank of England controlled by the Rothschilds. Massachusetts was the first to do it to finance its clashes with Quebec. The other colonies liked what they saw and did the same. Free money. There was no central government to regulate it. When more was needed it was simply printed. The money was not redeemable by gold or silver, thus it had no real value. This caused economic disaster in the colonies. Prices soared as a result of inflation. That last sentence is important as most people when asked what inflation is will say rising prices. That is not true. You hear the term inflation used incorrectly by economists all the time (the same ones that get their predictions wrong 50% of the time). Inflation is inflating the money supply. The more money that is pumped into an economy the less it is worth. When money is worth less it takes more of it to buy the same goods or services. Rising prices are the result of inflation. Rising prices are the result of printing more money. We’ve all heard of it taking 2 million Petros (the Venezuelan dollar) to buy a bag of flour. That’s hyperinflation. This is from the late Professor of Economics, Antony Sutton. Antony was also a Research Fellow at the Hoover Institute on War, Revolution and Peace at Stanford University. Former congressman and presidential candidate Dr. Ron Paul agrees on the above true definition of inflation in his book: End the Fed.

When it became clear to the colonists that the money was worthless the colonists no longer wanted to accept it. This is where the term “not worth a colonial” came from. Laws had to be put in place to force people to use it. The whole situation became untenable and was finally sorted out after the Revolutionary War was won and the constitution was written in 1787. In article 1 section 8 in the preceding paragraph we see that the framers of the constitution were precise in their verbiage. It begins with “only congress”, there is no room for interpretation. The framers knew how vitally important a nation’s money supply was to prosperity and more importantly freedom.

Very early in The United States history, bankers wanted control of the money supply. They wanted the U. S. to have a central bank based on the European model the Rothschilds had put in place in numerous countries in Europe. Unfortunately they succeeded. The first Central Bank in what would become the United States began in 1782. The bank was called The Bank of North America. The Bank of North America was modeled on the Rothschild controlled Bank of England. The Bank of North America, as the Federal Reserve is today, was a private institution. As you can imagine, then as now people got rich. The Bank of North America did not survive the end of the Revolutionary War. The key take away here is: with the bank of North America fractional banking was introduced to the colonies. This meant that only a fraction of the total deposits in the bank had to be in the bank. The rest could be loaned out at interest. The problem with fractional banking is, what if everyone wanted their deposits at the same time? This would create a run on the banks. We saw this as a nation in the fall of 1930, 16 years after the Fed as we know it was sold to congress and the American people to prevent such economic upheavals. The second central bank, created after the revolutionary war was won was called the Bank of the United States. It was the first bank of that name. The driving force behind this bank was Alexander Hamilton. The person most notably against the bank was Jefferson. While Jefferson agreed that only congress should coin money, and print money backed by gold or silver, he did not feel that the constitution gave the federal government the power to create a central bank. In 1791 the bank was given a 20 year charter. Like the Bank of North America before it the Bank of the United States became a federal funds depository. At this time the bank had to back the paper money with gold or silver. This made it difficult or impossible to print money out of thin air. This second central bank of the U. S. was not all bad. Given the fact that it was ran by bankers that’s quite a statement. The old saying, the first thing we do is get rid of the lawyers should be the first thing we do is get rid of the bankers. When the United States Bank’s 20 year charter came up for renewal in 1811 the charter of the Bank of the United States was defeated in the senate by one vote, that of Vice-President George Clinton. In 1816 the second bank of the United States was chartered, again for a period of 20 years. It operated much like the first Bank of the United States, it allowed for private investors. Many historian agree that the Rothschilds were heavily invested in the second bank as well as the first Bank of the United States. At this time (four years after the war of 1812) the U. S. was in a boom cycle. The west was wide open and influential bankers wanted to invest there. At first the Bank of the United States demanded that any money lent to these other bankers would be paid back in real money, gold or silver. When the bankers, not part of the Bank of the United States demanded the same when they lent money, the Bank of the United States acquiesced. So now though the gold standard was in place the banks were corrupt and ignoring it. This corruption did not go unnoticed by President Andrew Jackson. In 1832 the Bank of the United States had only 4 years left on its charter. It was no secret that President Jackson loathed the bank and for that matter bankers, calling them a den of vipers. There were cartoons back then appearing in newspapers of Jackson with a sword in his hand attacking a hydra like creature with the many heads being those of well-known bankers. The chief head and the largest, appearing in a top hat, was that of Nicholas Biddle. Nicholas Biddle was the head of the second bank of the name, The Bank of The United States starting in 1822. By all accounts he was a brilliant man, and ruthless. Knowing that Jackson was coming up for reelection he requested that congress put the charter of the bank up for early renewal. He gambled that Jackson would not go all in against the bank and its powerful interests in an election year. Biddle was dead wrong. Jackson vetoed the charter of the second Bank of The United States. Two things happened after that. For the first and only time in the history of the United States, the nation had no national debt. All this without an income tax. The second thing that happened as a result of the banks veto was an assassination attempt on Jackson’s life. This too was a first for the United States. On...