THE PLAN TO DEBAUCH AMERICA'S CURRENCY AND CREATE A MONETARY MONOPOLY
Comments by Rocky Montana
Vladimir Lenin said: "The surest way to destroy a nation is to debauch its currency." (Debauch: To reduce the value, quality, or excellence of; debase.)
Mayer Amschel Rothschild said: "Give me control of a nation's money and I care not who makes the laws."
America has been under the yoke of the Federal Reserve, a private banking cartel, for the past 100 years--since 1913.
Summary of the Federal Reserve Act
The Federal Reserve Act (ch. 6, 38 Stat. 251, enacted December 23, 1913, 12 U.S.C, ch 3) is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes (now commonly known as the U.S. Dollar and Federal Reserve Bank Notes as legal tender. The Act was signed into law by President Woodrow Wilson.
The proposed legislation was first known as the Alrich Plan, named after the chairman of the Commission, Republican Senator Nelson W. Aldrich of Rhode Island. Nelson Aldrichs' son Richard Steere Aldrich became a U.S. Representative, and his daughter, Abby, married John D. Rockefeller, Jr., the only son of John D. Rockefeller. Her son and his grandson Nelson Aldrich Rockefeller, served as Vice President of the United States under Gerald Ford.
The basic plan for the Federal Reserve System was drafted at a secret meeting held in November of 1910 at the private resort of J.P. Morgan on Jekyll Island off the coast of Georgia. Those who attended represented the great financial institutions of Wall Street and, indirectly, Europe as well. ... What emerged was a cartel agreement with five objectives: stop the growing competition from the nation's newer banks; obtain a franchise to create money out of nothing for the purpose of lending; get control of the reserves of all banks so that the more reckless ones would not be exposed to currency drains and bank runs; get the taxpayer to pick up the cartel's inevitable losses; and convince Congress that the purpose was to protect the public. ... As a banking cartel, and in terms of the five objectives stated above, it has been an unqualified success.
The seven men who attended the secret meeting were: Senator Nelson W. Alrich (father-in-law of John D. Rockefeller, Jr.); Henry P. Davidson (Sr. Partner of J.P. Morgan Company); Charles D. Norton (Pres. of 1st National Bank of New York); Abraham P. Andrew (Asst. Secretary of the Treasury); Frank A. Vanderlip (President of the National City Bank of New York, representing William Rockefeller); Benjamin Strong (head of J.P. Morgan's Banker Trust Company); Paul M. Warburg (a partner in Kuhn, Loeb & Company, representing the Rothschilds and Warburgs in Europe).
We Must Take America Back from the Banksters
Over the past 100 years, the Federal Reserve has been responsible for creating inflation, recessions, unemployment and downsizing of businesses. It has distorted our economy, redistributed income and wealth, and is responsible for devastating booms/bust cycles.
America needs to repeal the Federal Reserve Act and abolish the Federal Reserve (the fraudulent monopoly that creates money out of thin air; the so-called lender of last resort, which is a code for making the American people liable for losses incurred by banks) as well as its collection police, the IRS.
The idea of a lender of last resort allows for bankers to create fractional- reserve-banking, thus giving the banks free reign to make risky, irresponsible loans and never worry about losing money when the loans go bad, as they know that the FDIC will always bail them out. And what is the FDIC? The American people. We need to replace this irresponsible behavior by abolishing fractional-reserve-banking and by requiring that bankers either be responsible for their lending, or go out of business. It is that simple.
America needs to replace the fraudulent monetary system called Federal Reserve Notes (FRN's), which is not money but debt instruments, with an honest monetary system, the U.S. Dollar, and make it honest by backing it by a combination of gold and silver.
If America ever adopts a world monetary system, it will cease to be America and become owned and operated by the One World Order of the World Elite criminals.
Ron Paul on Federal Reserve, banking and economy
Money, Banking and the Federal Reserve