Newsgroups: talk.politics.misc
Subject: VOTE GRITZ: The Federal Reserve
From: berg@malice.cass.usu.edu (Glenn Berg)
Date: 28 Sep 92 12:55:42
Distribution: world
Organization: The Center for Atmospheric and Space Science, Logan, UT

			  THE MANIPULATION OF AMERICA
				       
				  written by
				 ANITA MORROW
				   Candidate
			     United States Senate
			     Populist Party - Utah

Part II - THE FEDERAL RESERVE

The average American probably does not know the true facts about the Federal
Reserve.
  
  1.  Although it is called "Federal" (FED), it is privately owned.
  2.  It has NEVER received a meaningful audit.
  3.  The members of the Federal Reserve Board are picked by the President;
  however, they serve fourteen year terms, and most of the chairmen of the
  board come from the New York Banking community.

Louis McFadden, Chairman of the House Committee on Banking and Currency from
1920-1931 said:
  
  "When the Federal Reserve Act was passed, the people of these United States 
  did not perceive that a world banking system was being set up here.  A
  'super-state' controlled by international bankers and industrialists acting
  together to enslave the world for their own profit."

Congressman Lindbergh warned Congress:
  
  "This act establishes the most gigantic trust on earth.  When the President
  signs this act, the invisible government, the 'money power' will be
  legalized.  This new law will create inflation and scientifically create
  depression.  The people may not know it immediately, but the day of
  reckoning will come."

The Federal Reserve Act became law in 1913.  It greatly benefitted the bankers,
lawyers, and industrialists who manipulated to get it passed.  The Federal
Reserve is the overseer and supplier of all the reserves.  It gives the bankers
access to public funds in the United States Treasury.

The Constitution of the United States, Article 1, Section 8 states:

  The Congress shall have the Power to coin Money, regulate the Value
  thereof, Coin, and fix the Standard of Weight and Measure.

The public was induced to accept the FED by claims that, given these powers, it
would stabilize the economy, preventing further panics and bank runs.

IT HAS DONE NOTHING OF THE KIND.  Our nation has suffered through the Great
Depression and numerous recessions.  Inflation and federal debt (neglible
problems before the FED) have plagued America since its inception.  Jefferson
warned us not to generalize and concentrate such great power into one body of
men.  It, more than any other thing, has destroyed the rights and liberties of
man.  Worse than that, the Constitution of the United States was usurped when
the Federal Reserve Act was passed.

PRESIDENT WILSON was in office from 1913 to 1921.  The bankers now had control
of the nation's money supply with the passage of the Federal Reserve Act of
1913.  They were now devising a way to involve themselves in foreign policy
decision making.

LENDING MONEY TO GOVERNMENTS IS THE MOST PROFITABLE; they borrow more and have
greater ability to pay back.  Even more lucrative is getting other governments
to borrow.  THE MOST PROFITABLE TURN OF EVENTS FOR THE BANKER IS WAR.  Nothing
generates more government borrowing faster.  The more often a government
borrows, the higher their debt will become.  The interest rates on the loans
are enormous.  The interest rate alone can become increasingly burdensome.  As
time goes by, most governments find they cannot afford to pay back their loans.

The interest rate soars, and the government finds itself in a precarious
position.  Some find the sovereignty of their homeland is at stake.  It could
be; the bankers have planned it that way!

President Wilson was continually guided by Colonel House.  He was a "front" man
for the banking community.  House was a cunning, greedy, and ambitious man.  He
guided President Wilson every step of the way, in accordance with the wishes of
his banking friends.  Colonel House and the bankers behind him had intentions
that are very well documented.  They have stated:

  "THE CONSTITUTION IS A PRODUCT OF EIGHTEENTH CENTURY MINDS, AND THOROUGHLY
  OUTDATED.  The country would be better off if it could be scrapped and
  re-written.  All power should be centralized in a single global authority.
  National boundaries and identities would be eliminated."

When President Wilson brought to the Paris Peace Conference his famous
"fourteen points", it was the fourteenth that proposed a "general association of
nations."  This proposal originated with Colonel House.  He saw it as a giant
step toward the goal of a "one world government."  House and his British
counterparts formed the "Institute of International Affairs."  It had two
branches, one in England, the other in the United States.  The U.S. branch was
called:  THE COUNCIL ON FOREIGN RELATIONS.

--
Glenn A. Berg (berg@logan.cass.usu.edu)
Center for Atmospheric and Space Sciences, Utah State University

"We've got one more hill to take... Capitol Hill!" - Lt. Col. James "Bo" Gritz
Organization: School of Computer Science, Carnegie Mellon, Pittsburgh, PA