Truth Seeker
Volume 123 (1996) No. 2
 The Journal of
Independent Thought
 Worlds Oldest
Freethought Publication

1996 Issues | Subscribe | Contents This Issue

Whose bank is it?
The Birth of Banking...

FOCUS
By Joyce Huff


Are the American people seeking change in government to ensure that their freedom and rights are not infringed upon by unjust laws and hidden agendas? It has been said, old ideas are easier to hold on to and harder to give up than new ones. Perhaps citizens feel that the time has come to explore the old. Why are people demanding from their elected officials full disclosure and public accountability? Are we a nation buried in debt with an uncertain future for our children? Is money the root of all evil? Who controls the money in the United States of America?

Thomas Jefferson, Benjamin Franklin and James Madison adamantly opposed the plans of the New York banking agent, Alexander Hamilton, to establish a private central bank for the U.S. like the Bank of England. After Franklin's death in 1790, Hamilton succeeded in bribing enough Congressmen to have Congress grant a charter for a period of twenty years to the bankers in 1791 for"The First Bank of the United States". Having lost his battle against the bankers, Jefferson said:


I believe that banking institutions are more dangerous to our liberties than standing armies. A/ready they have raised up a money aristocracy that has set the government at defiance. The issuing power of money should be taken from the bank$ and restored to Congress and to the people, to whom it belongs.


When the charter expired in 1811, a more honest Congress refused to renew it. What followed was the War of 1812, in an effort to re-establish the rule of the Bank of England over us.

Many Americans still believe that our government creates our money in accordance with Article 1, Section 8 of the Constitution which states: "The Congress shall have Power to coin money, regulate the Value thereof, and of foreign Coin..."

This power of government was surrendered by Congress in 1913 to a private corporation called "The Federal Reserve." It is controlled by international bankers. The Federal Reserve was established by the Owen-Glass Bill when it was passed by the Senate (43 to 2 5) on December 22, 1913, and by the House of Representatives (209 to 60) on December 23, 1913. It was immediately signed into law by President Woodrow Wilson. It has since been called the Federal Reserve Act and the private central bank which it established is called, simply, "The Fed."

When the bill passed, Congressman Charles Lindbergh, Sr. said: "This Federal Reserve Act established the most gigantic trust on earth. When the President signs this bill the invisible government of the Monetary Power will be legalized." In 1913 the Federal Debt was 0. Since the Federal Reserve was established the Federal Debt has grown to over 4.7 trillion dollars.

The power of the Fed was unchallenged until the 1930s when Congressman McFadden, as chairman of the House Banking and Currency Committee for over ten years, exposed their activities. In his writings he stated:


Every effort has been made by the Federal/ Reserve Board to conceal its powers, but the truth is . . . the Fed has usurped the government. It controls everything here (Congress) and it controls all our foreign relations. It makes and breaks governments at will


Hundreds of books have been written by experts detailing the activities of banking agents in the White House and Congress. Due to their suppression they do not reach schools or libraries. In their desire for change, millions of Americans are discovering that the untold, repressed history concerning the birth of banking and its monopoly on the world must now be thoroughly researched, understood and challenged. Eustace Mullins researched the International Bankers and his book, Secrets of the Federal Reserve, reveals in detail his findings and includes many organizational charts of the interlocks and connections.

The Fed remains today one of the truly independent sources of power in the government. It is linked through history to wars, depressions and recessions. The Fed controls our money but answers to no one. The Federal Reserve Bank is not held accountable or audited. Americans believe in the Constitution and Bill of Rights. Our forefathers warned future generations that failure to hold government accountable at all times put them in jeopardy of losing their rights as free people.

If you are in debt, you are not free. You are a bond slave. Even if you have no personal debt, as a U.S. citizen, your share of the National Debt is approaching $18,000 and whatever property you think you own is pledged to pay that debt. Is it possible that Americans now have the best Congress that money can buy? If people are kept ignorant about money, it allows International Bankers to enslave whole nations by controlling their money systems.

Americans elect representatives to preserve our right to life, liberty and the pursuit of happiness. Now we ask our representatives WHY the Federal Reserve is not held accountable for its role in American life. WHY has government allowed the Federal Reserve system to do the job the Constitution of the United States designated to Congress?

Whose bank is this?

Joyce Huff, a freelance writer, also owns and operates a horticulture business in Virginia specializing in herbs, perennials and everlastngs.

References
Schmidt, Shelley and Bardes, American Government and Politics Today.

Eustace MuHins, The Secrets of the Federal Reserve.

Ralph Epperson, The Unseen Hand.


1996 Issues | Subscribe | Contents This Issue

Truth Seeker Journals
1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 2000's


Truth Seeker Co. | Truth Seeker Journal | Authors | Banned Books | Invisible University | A Magic Community | Magic Era | Links

©1873-2008 Truth Seeker Company.
(ISSN 0041-3712)
All Rights Reserved