Biggest Scam in History - The Federal Reserve System
89You may be a victim of the biggest scam in history, and not even know it. The Federal Reserve System. Learn how it works, what's being done to stop it, and how you can help.
Consider the following illustration:
I Have a Deal for You
Here is your part of the deal. If you choose to accept it, you must:
- Mortgage your house to the max, if it isn't up-side-down already.
- Pool up everything else you own and take a loan against it as collateral.
- Take all the proceeds from 1. and 2., and deposit them in your checking account.
- Liquidate all your other accounts and any other assets and put the proceeds into this same checking account.
- Give me the checkbook, and sign the account over to me.
OK, now here’s my part of the deal. If you do the above, I will do the following:
- Whenever you want any amount of money for anything, just ask me via a written document, and I will write you a check. It can be any amount, regardless of the balance of the account you signed over to me, and you can get checks as often as you like.
- These checks will be loans from me to you. And here’s the sweet part: you don’t have to pay the principal of the loan. Let me repeat that: You do not have to pay the principal. You only pay the interest. It is the only true interest only loan. And the interest rate is good - it’s on par with US Treasury Bonds.
- Are you still a little skeptical? Let me sweeten the deal a little more. If you should happen to go on a wild spending spree for a long period of time, and find that the interest payments are growing exponentially, don’t worry you can always borrow more to pay any amount of interest.
Agreement
Are you convinced now? Is it a deal? Good, I’m glad you agree, since you’ve already accepted this deal on December 23, 1913 when most of Congress was on Christmas Break and the Federal Reserve Act was stealthily passed.
Yes, I am the Federal Reserve, and you are the United States Government.
Executive Order 6102
As for your part of the deal, you handed over your assets to me mostly in these two ways:
- Your Congress stated on March 9, 1933 “The money will be worth 100 cents on the dollar, because it is backed by the credit of the nation. It will represent a mortgage on all the homes and other property of all the people in the nation.”1
- Your president Woodrow Wilson issued an Executive Order 6102 on April 5, 1933 requiring all “persons” to turn over all their gold to a Federal Reserve Bank in exchange for Federal Reserve Notes by May 1, 1933. Yes, you performed your part of the deal a little late, but that’s only because I gave you a 20 year moratorium. In order to make this exchange palatable to the people at first, these Federal Reserve notes were "redeemable in gold". But, in order to accomplish the hand-over, the Notes were later made "redeemable in nothing".
Terms and Conditions
Oh, by the way, since you are now increasingly, perpetually and hopelessly in debt to me (the “national debt” is now over 14 trillion and growing exponentially2) you are going to need to do as I say, or I will foreclose on you. Some of my initial instructions are in the next few paragraphs.
But don’t worry, you can continue to prosper beyond your dreams according to these terms. You just can’t let too many people know how this works or how much you’re prospering. On the contrary, you’re going to have to do a lot of ‘crying broke’ from now on, so that people will believe - what we need them to believe, in order for us to continue our extremely lucrative contract without too much resistance.
And now for some of my initial instructions:
Revenue
You must create a collection agency for me – but don’t call it that, heavens no, call it the Internal Revenue Service. Give it the power to put persons in jail if they won’t or can’t pay. Through the “IRS” you must initiate a new tax on the people this year3. Start it small so the people won’t object too much, and keep increasing it gradually over the decades to come. You are to call it the “Income Tax”. Make it extremely complex4, and more so every year so that no one is able to figure out that there is no law that requires them to pay it5.
Keep the people in fear of the IRS so that they won’t even think of questioning it, or have time to if they did. You must send all of this tax every year to me as the initial payment on the interest for your loans from me. (Keep in mind, you don’t need any tax money to build roads, schools or any other expenditures since you can always borrow an unlimited amount from me.)
The purpose of this tax is not to generate revenue, since none is needed, but to control society. Through the IRS you are to create all kinds of tax breaks, credits, deductions and loopholes to guide society in the proper direction, as I dictate to you privately. The people will be elated to follow this direction like sheep, since it will “save” them so much money. For weeks after they file their taxes they will be bragging to their workmates, friends and family members about how much money they saved because they were so smart that they could recognize and implement many complex tax reduction strategies.
Confidentiality
However, you must not let the people find out the real purpose of the tax. They must think that their hard earned tax money is going to build and maintain the roads, bridges, schools courthouses, pay government employees, fund the war on terror, war on drugs, war on crime, war on poverty and all the other wars that are never won, but are for the purpose of creating more debt (I mean money) for me. You must keep funding all the wonderful social programs that I dream up for you, and you must implement them at my beck and call, because you are so far in debt to me, that I can call in your bankruptcy in an instant.
Consideration
So, you see, it is a very good deal for you and me both. A win-win situation. You have an unlimited source of money, and that money comes back to me, after being legitimized by cycling through the people. The only losers are the people, not us. Every time I write you another check, that amount of money comes into existence at that time, since I have no account with any money in it. (That account that you signed over to me at the beginning - I sent it over to Europe for safekeeping and for leveraging and control over the rest of the world. I don’t need it here.)
Functionality
The created money ends up being paid by the people, since it is spent into their economy. You spend it into the economy for free, the money the people are working for gets diluted, and they pay for it through gradually reduced fruits of their labor. (The dollar of 1913 is worth about 4 and a half cents in 20116.)
But the people won’t notice that we are slowly stealing more and more of the fruits of their labor. They won’t notice that, before we started this biggest scam in history, a man could be a carpenter, making a few chairs by hand every day, or a farmer, plowing his fields the old low tech way, while his wife stays home and cares for the house and the kids, and he can make a comfortable living for his whole family, and have enough left over to take care of mom and help out his neighbor in need.
They won’t notice that after this great scam is in operation for several decades, things have gradually progressed to the following: A man and his wife (if they are still together after our media propaganda encourages the divorce rate beyond 50%) are both working at least one job each (if they still have their jobs) using computers and automation that make it possible to accomplish a weeks worth of work in 15 minutes, while their children are raised by TV and video games, and yet they are being foreclosed on.
They won’t notice that the sole difference between these two time frames is the money in our pockets (mostly mine) because I will keep them dumbed down by buying out and controlling the school system and media, and too busy trying to make ends meet to think about it. They won’t notice because we will gradually squeeze out the middle class, since they are the ones who, with their comfortable way of life, better than average education and time to ponder things, might have a chance to figure some of this out and do something about it.
But there is more to our profits. We will also charge them interest on this money.
Yes, and we will keep the people so dumbed down, they won’t realize that their taxes pay the interest on the now $14.6 trillion “national debt” that we created from nothing. They will think there was some kind of “loan”. Very, very few people will think “Where could the Federal Reserve possibly have gotten $14.6 trillion to loan to the nation?”
Indemnification
So, now here’s the most important thing that both you and I must make sure of, in order to insure the continuation of our little deal, to maintain the win-win situation for you and me: We must make sure, through any means necessary, that not too many people even come close to figuring out, that all they have to do to end this great scam of ours, is to collectively stop using Federal Reserve Notes7. For if they did that, all of my wealth would transfer back to the people (I didn’t do any productive work to earn it anyway), and the nation would flourish beyond the imagination of most - just like it did when there was no central bank.
Want to learn more? Is some of this hard to believe? Read one of the books, booklets or papers referenced below or watch one of the videos.
Are you depressed now? See further below for solutions that are in the works.
Are there inaccuracies in this article? Please leave a comment further below.
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Footnotes:
1 73’d Congress, Session I, page 83, 1st paragraph - available for viewing at the National Archives in Washington, DC
2 For the National Debt real time and other related data see http://www.usdebtclock.org/
3 There was no income tax in the US before 1913. The fact that America was prosperous without an income tax shows that it is not needed for revenue, but rather its complex and ever changing deductions and credits show that its purpose is more to control the direction of society.
4 The Internal Revenue Code contains more than 3.4 million words. See http://www.fourmilab.ch/uscode/26usc/.
5 See Are The Income Tax Laws Legal? Is It Mandatory To File A Return In The United States? and The Most Frequently Missed Tax Deduction.
6 Use www.usinflationcalculator.com to calculate and take the inverse, or see (link to www.bls.gov was removed because the site no longer exists - maybe the bankers don't want people knowing too much about this).
7 Congressman Ron Paul recommends allowing “open competition in currencies” to provide competition for the Federal Reserve System. See http://www.ronpaul.com/on-the-issues/fiat-money-inflation-federal-reserve-2/. But, why would the Federal Reserve allow competition, since avoiding it was one of the main reasons for its creation?
Reference Material Used for
Biggest Scam in History - The Federal Reserve System
 | This booklet, puplished by the Federal Reserve Bank of Chicago,is out of print since 1994. (Too much truth in one place?) Spells out the mechanics of how the scam works straight from the horses mouth. This is a reprint of the actual booklet - if you ever see the real thing at a garage sale, you may want to buy it as a collectors item. Amazon Price: $9.95 |
 | Another reprint of Modern Money Mechanics. Both reprints have limited availability, so you may have to keep checking back if you want to get one. Amazon Price: $12.95 |
 | Awesome book about the history of the Federal Reserve System (created on Jekyll Island). Explains in exhausting detail how the Fed has caused the economic disaster that we're living today. It's very long, but each chapter has an Intro and a Summary, so you can just read those and get the basics. Click the image to read the Table of Contents or Preface and you just may be hooked. Many other pages of the book can also be viewed without purchase. Amazon Price: $16.33 List Price: $24.50 |
 | Audio CD - some of the basics of what's in the book above. Listen to it on your commute. Amazon Price: $12.49 |
 | Explains just what the title says by giving the pieces of the puzzle. Each chapter is a summary of a lengthy book which provides one the pieces. Saves much time because some of the books summarized are over 1,000 pages of very dry reading, but the info is critical to knowing how the world really works - including the worldwide banking system. Amazon Price: $9.83 List Price: $15.00 |
 | Explains how the Federal Reserve System is by far the most secret and least accountable entity in America, and through legalized counterfeiting and fractional reserve banking, has been the cause of boom and bust cycles, recessions, depressions and insolvency for nearly a century. Amazon Price: $6.44 List Price: $9.95 |
Modern Money Mechanics - Federal Reserve Bank of Chicago: in searchable electronic format: http://en.wikisource.org/wiki/Modern_Money_Mechanics
Title 26 of the United States Code (Internal Revenue) - available free at: http://www.law.cornell.edu/uscode/html/uscode26/usc_sup_01_26.html
Affidavit of Walker F. Todd - Walker F. Todd served as attorney and legal officer for the Federal Reserve Banks of New York and Cleveland for 20 years, and filed this affidavit as an expert witness in a court case involving a bank. - available free at: http://www.scribd.com/doc/34649315/Walker-Todd-Affidavit-Complete-Signed-Copy-With-Decision or for a searchable electronic version with the important parts highlighted: http://freedom-school.com/affidavit_of_walker_todd_1-20-04.pdf
Credit River, Minnesota case files - First National Bank of Montgomery vs. Jerome Daly: http://www.lawlibrary.state.mn.us/CreditRiver/CreditRiver.html
Videos
There are some excellent videos that show how modern banking really works. "Money as Debt II", below, is in cartoon form and can be understood by children (77 minutes). "Money as Debt III", released in 2011, is available at www.moneyasdebt.net.
And for adults, below is a 70 minute video "Money Matrix" by CPA Al Wagner. He discusses money, loans, credit, and how each are created. This video references the Federal Reserve publication "Modern Money Mechanics" and "The Creature from Jekyll Island" by G. Edward Griffin, both referenced above, as well as other books and publications.
The video below is a history of money and banking, fractional reserve banking, central banks and how this has culminated in the economic disaster of today. Featuring congressman Ron Paul, it is a compelling explanation of the need to end the Fed and switch to sound money.
Reality Check and Solutions
If you've read this far, congratulations, you've swallowed the red pill. Whether it was just now, or quite some time ago, you're now on a mission to learn the truth. Just like Neo, after you get past the initial sick feeling deep in your gut, you awaken some parts of you that you haven't used, and you do some searching and accelerated learning on topics you've never thought much about, the question becomes:
OK, what do we do now?
We may not like the Federal Reserve System now if we think about it, but we’re way past the three day right of rescission. United States has accepted it. Our ancestors have accepted it by going along with the switch from a Republic to a Democracy, and later by not rebutting the presumption that they are “persons” and turning in their gold in exchange for Federal Reserve Notes.
"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. . . . Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again. . . . Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in. . . . But, if you want to continue to be the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit." - Sir Josiah Stamp, president of the Bank of England and the second richest man in Britain in the 1920s, in an address at the University of Texas in 1927
Today we continue the full acceptance by using those Federal Reserve Notes, or accepting any other public benefits of the Democracy such as a social security number, driver’s license, marriage license, fishing license, voter registration etc. We are now so intertwined in this biggest scam in history, that it’s almost impossible to live in the “United States” without using any of these “benefits”.
The good news is, the Federal Reserve System will come to an end at some point - all things do. The last three Central banks of America came to their end because the people didn't like the results. That is why this fourth one had to be stealthily created using the word "Federal" to have people think that it's part of government, using the word "Reserve" to have people think that there's some money or gold or something of value being held, and using the word "System" to have people think the it would disperse the power from New York to 12 seperate banks; and that is why it was done when most of Congress was on Christmas break. If it was accurately named using the phrase "Central Bank", the Federal Reserve Act would not have got off the ground.
The other good news is that there are many solutions already in the works. When the Federal Reserve System comes to it's end by whatever means, we need to already have come to a consensus as to what will replace it. So if you are not one of the owners of stock in the Federal Reserve, and aren't an employee thereof, (or even if you are, but you have the integrity and compassion of Sir Josia Stamp of England - see quote in the box above) you may want to participate in a solution, some of which are cited below, so that it will be possible for your progeny to have a decent measure of freedom and prosperity.
Solutions:
or, for a more scientific/spiritual solution:
and, in the meantime, to protect yourself from chemtrails and radiation using natural home remedies:
Recommended Related Hubs
The Breakdown of Rights in America Basic Concepts
The Breakdown of Rights in America - The Dumbening
Post Script:
The Federal Reserve System is apparently becoming concerned about public opinion. They are now soliciting proposals from developers to monitor and analyze comments on social media. See:
Federal Reserve Seeks to Study Facebook, Twitter, YouTube Posts
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CommentsLoading...
Thanks Satori, I'm glad you enjoyed it so much.
It's nice to hear from someone who knows how important contract law is. You're right about my use of the word "contract" in the Reality Check and Solutions part. I changed it to “biggest scam in history” to go along with the title, in calling it like it is.
Yes, if this scam is masquerading as a CONTRACT, it is void for all 4 reasons you site. I did write the hub somewhat in the style of a contract, using titles as such, as that’s what the scam seems to purport to be.
Your comments make me think: Could it be that it is constructed as a TRUST, and therefore doesn’t require full disclosure, but does require adherence to the Trust Indenture? Could it be that we are presumed to be Trustees of some trusts, and/or Beneficiaries of others, and/or Grantors of others, and are being chastised for not performing our duties according to the Trust?
I’m not saying that it is one bit legitimate or ethical. I’m just thinking that there might be some twisted way that this abomination is somehow considered to be lawful by its perpetrators. But if they do somehow deem it lawful, it is according to THEIR law, and not either Gods Law or Common Law. They would lose instantly if a jury of common people were to rule based on the true facts.
This would all be very depressing if it weren’t for the abundance and acceleration of public knowledge about this, along with the multitudes of worldwide groups of people organized and dedicated to putting an end to the bankers hold on the people of the earth.
Indeed, we are living in exciting times.
Thanks for your readership, encouragement and insightful comments.
Take care,
- a little Truth
Couldnt agree more with the article excellent.
Thanks, theking2020!
Satori Level 3 Commenter 9 months ago
Very well-written article! I quite enjoyed it and readers new to the information will surely fine it easily comprehensible.
Perhaps the only distinction I would contribute would be to avoid referring to the New Deal as being a contract.
Fraud voids all contracts from the beginning, and this - although clearly written in the legislation that we had never authorized our representatives to make - was certainly a widespread public fraud. For one thing, a different idea was sold to the people regarding what, precisely, was happening. In law, this makes any contract "void for vagueness". That is, a contract which can have multiple interpretations is void, and the American people were certainly given a different interpretation about it. One which you, as is your civic duty, work to correct.
Threats, duress (lack of alternative option) and coercion (arm-twisting) also void contracts. I would say all of these are the case today. When you can't pay your bills with their debt currency, homelessness and life-threatening dental bills typically result.
Additionally, contracts are also void when they are unconscionable. And in the Union, where rights are considered to be provided by God and self-evidently at that, even supposedly "voluntary" servitude becomes unconscionable.
This scam only continues, as well you know, until a large enough segment of the public become aware of this. Because the People, typically, do not favor being stolen from - and that's putting it mildly. They'll hardly continue wanting to swap debt that's been labeled value around, with the inevitable results to society. And when the trend continues, their motivation to restore the situation can only become, well, stronger. To pick a word quite out of the air.
Kudos for your Hubs, A Little Truth. I'm definitely going to add you. Be well,
- Satori