What is the relationship between the Federal
Reserve Act and the Federal Income Tax?
our government require us to pay taxes when they print all the money they
What is the Federal Reserve and Who Controls it?
Federal Reserve is not a governmental agency and neither the Congress nor the
President have one iota of control over its day-to-day operations. The chilling
truth is that the Federal Reserve, America's central
bank, is simply one component of an interlocking, international banking
cartel that now controls the wealth of this planet. The ownership of the
largest blocks of bank voting stock are in nominee accounts, numbered accounts
or trust accounts. No names, so you are in the dark. What is being hidden ? Why
Where does this private corporation get the money to loan to you, me,
and our government? They get it from us.
THEY PRINT THE MONEY THAT BELONGS
TO YOU AND ME AND... THEN LOAN IT BACK TO US AND CHARGE US INTEREST.
back our assets and equity.
As it continues they own more and more and our
children less and less.
"If we American people ever allow monopoly banking to control
the issue of currency, firstby inflation & then by deflation, these banks
& bureaucracies that will grow up around them will deprive we, the people
of all our property until our children will wake up homeless on the continent
which God gave us for stewardship." - Thomas Jefferson
The Federal Reserve and the U.S. Dollar
The Federal Reserve creates inflation when it issues US
dollars backed by government debt. Since 1913, when the Federal Reserve was
created by Congress, your money has lost 96% of its purchasing power due to
inflation. The more "money" the Federal Reserve creates - the less your Federal
Reserve "money" will buy. From 1913 to 2001 the national debt grew to $6
trillion in 88 years. In the next three years it climbed to $7 trillion dollars
in 2004. In just one year it climbed sharply to over $8 trillion dollars. The
acceleration of the national debt is alarming. The corresponding loss of your
purchasing power may also accelerate in the near future.
The corruption and trenching of jurisdictions by the federal
governments and the banking 'associations' of this continent have stolen the
citizen's disposable surpluses such that they can no longer afford the
organizations and charities which once blessed our communities and protected
our families. Once upon a time we didn't need the welfare state because in
North America the Christian concept of charity thrived to the extent that
Alexis de Tocqueville, remarked that "America is teeming with such associations
and charities, choral groups, church study groups, book clubs, etc., and that
they have a remarkably salutary effect on the whole society." The civility, joy
and near costlessness of pure Christian charity is supplanted with low
substitutes and virtue has been done down to the 'values' excuses of the effete
mandarins and their self-serving obfuscation taught them by the banker's
The concept of "forgive us our debts" flies in the face of
the banking oligopoly's surety. This was well known to Moses and Jesus, both of
whom forbade surety interest on money as they understood this root cause of
hell on earth.
Surety on money inverts faith hope and charity, the greatest of
virtues and demands from the future that which may counter God's providence.
There is no surety in life nor should there be surety on anything else in the
creation, especially risk capital. Risks, like profits, must be shared by all
participants in a transaction or be forgivable.
"But the search for
surety has undermined education and the family, destroyed the bonds of
community, and led to a willful helplessness on the part of individuals,
particularly parents. But this was done through the emergence of the "knowledge
classes" that has supplanted the moral teachings of our forefathers with the
arrogance of 'social-science' theorizing: 'professionals', 'experts',
'technicians', 'media mongers', and the most dangerous of all, the
intellectuals... This latter clutch lives by its wits, neither a calling nor a
social class, whose strong ambitions and weakened capabilities are adversaries
to virtue, restraint, community, and feed on the appetites, fears and
confoundation of others... We are degraded from being creative to being
consumers, from doing to having and the usurpation of parental authority by the
state leaves students as objects of 'adult' solicitude...
Secularization in America is almost complete, the reduction of
life to a mere datum of science now forms the justification for abortion and
euthanasia... Socializing evil, removing it from the pale of individual
responsibility, obliterated the rank order of good and evil and finally allowed
the replacement of the concept of sin with the concept of sickness."
(The World & I: May 1995: Wayne Allen on Christopher
Lasch, pp. 306- 9)
- From our beginnings, Americans had been left surpluses by each
preceding generation of our forefathers all the way back to the first
colonists, until sometime after the enactment of The Federal Reserve Act and
the Income Tax Act.
- Except at times of war or revolt, Americans had experienced no
significant inflations nor deflations nor stagflations nor other "booms nor
busts", such as we have all experienced until sometime after the enactment of
The Federal Reserve Act and the Income Tax Act, except those caused by
- Americans had the highest personal savings in history, and,
never had 'National' debts nor deficits, until sometime after the enactment of
The Federal Reserve Act and the Income Tax Act.
- America had full employment and no need of coercive labour, nor
unemployment insurance, nor welfare, until sometime after the enactment of The
Federal Reserve Act and the Income Tax Act.
- America, from our beginnings, had a largely virtuous, and Godly
population, until after the enactment of The Federal Reserve Act and the Income
Tax Act, and, now we suffer gross taxes, litigiousness, crime, etc.
- America had universities and institutes of higher learning
which produced thinkers, scholars, scientists and creative genius of the
highest order but, now, most of our colleges are utilitarian job training
centers, due to the impoverishment created by the enactment of The Federal
Reserve Act and the Income Tax Act.
- A man and wife could own a home and many children even if
modestly creative, he could feed them, clothe them, educate them and pay his
way, until sometime after the enactment of The Federal Reserve Act and the
Income Tax Act, such that now they must rent and have multiple incomes.
- Citizens of The United States Of America owned and controlled
the voting stock of our major corporations, corporations which were, once the
greatest economic engine on Earth and which now are controlled by foreign bank
nominees, agents and 'street' form voting stock, as a result of the enactment
of The Federal Reserve Act and the Income Tax Act.
As Americans we should demand a repudiation of these Bank and
Federal Income Tax Acts and all subsequent banking and tax legislation, and
demand a return to the honest banking principles of our forefathers and an end
to the self-serving European style Central cartel
While not the only possible reform, one reform
proposal is the
Reform Act developed, in its essentials, over many years by numerous
monetary reformers including the late Nobel Laureate, Dr. Milton Friedman. Any
genuine reform of our monetary system must include two basic elements:
fractional reserve lending must be
prohibited, and private banks must be forbidden from creating money, whether as
loans or otherwise. The Monetary Reform Act does both. It also incorporates
means of doing this that include paying off the huge national debt, and
stabilizing the economy.
Don't expect lawyers to support this. Whereas
the banks retain certain law firms, and pay them annual retainers, whether they
act or not, and, furthermore they are the first paid with the ever new
purchasing power created by the banks at the moment of the new money (debt)
issuance and when its purchasing power is at its peak, so they love the status
quo, and will not reform.
Don't expect accountants to support this.
Whereas big accountancy is always paid, as above, for audits and consultancy
and so they love the status quo.
Don't expect insurance companies to
support this. Whereas the banks insist upon insuring all the assets which they
lend against, then the insurance industry, too, has a vested interest in the
Don't expect the financial markets to support this. Whereas
stock brokers, security dealers etc., etc., invest the money which the above
mentioned institutions dispense and, so they love the status quo.
expect a cry for reform from our mortgaged priests and ministers. Also,
politicians need the banks especially at election time, so don't expect any
truth from them. The ad revenues on which the media survive come from all of
the above, so don't expect the truth from 'journalists,' their TV or
newspapers. All of these above will continue to devour your wealth and make
your children and grandchildren and great-grandchildren indentured slaves to
"We have, in this country, one of the most corrupt institutions
the world has ever known. I refer to the Federal Reserve Board. This evil
institution has impoverished the people of the United States and has
practically bankrupted our government. It has done this through the corrupt
practices of the moneyed vultures who control it." - Congressman Louis T.
Just as Eden was corrupted by satan and eve's seduction of Adam,
so too, on the national level, America was corrupted by the satanic bank/tax
act of 1913 and the overweening socialism of eve's suffragettes who seduced
Our ancestors left our generation a system of common law. A system
which left this continent, until relatively recently, the most law abiding in
history. But now we have become the most litigious in history. Even the Supreme
court doesn't judge on who's guilty and who's not, on what's right and what's
wrong. In many cases their decisions are policy choices. So, now we live with
arbitrary justice. For lawyers and judges to tolerate this evil is worse than
The international bankers behind the Federal Reserve and the CFR
are deliberately trying to usurp the US Constitution and gradually destroy our
freedoms, liberties and sovereignty in the process. They are using the Federal
Reserve System to bankrupt the country so we will be at their mercy. The deeper
in debt our country goes, the richer and more powerful these international
bankers become. If action is not taken to take back control of our nation's
currency from the criminals in the private international banking cartel and if
the CFR's influence over the highest levels of our federal government isn't
soon broken, America will be reduced to a third world nation controlled by a
socialistic world government where our freedoms and liberties would have
disappeared and our national sovereignty is but a fond memory.
The federal government has usurped State powers and rights and
trenched, thereby causing untold misery to we, the citizens, Therefore, we
should demand a restoration of:
- Absolute private property rights in allodium. (i.e. held
independent of a lord paramount, and opposite to feudal, so that property
rights will, once again, be unencroachable.)
- Absolute repudiation of the Bank Acts of this century and
subsequent related legislation, since the federal government has no
jurisdiction over provincial powers nor direct powers. Enactment by the states
of free, open, concurrent & competitive banking, or the abolition of
interest on any debt.
- Federal government can only pay for its expenditures by
indirect tax or by creating currency (money) into circulation, just as the
banks do now (credit). Federal government prohibited from borrowing ever, for
any reason. An absolute, since it has sufficient income or it may create money
for legitimate federal needs.
- Monetisation of the debt: i.e. redenote all government debt
issue as currency, thereby canceling the debt & ending further interest
payments, and thusly evading inflation. (The only alternative to this is
repudiation of the debt i.e. a jubilee.)
- Federal income tax abolished since government can create
purchasing power for its own needs. (No federal direct taxation and repudiation
of the 16th. Amendment)
- Sell, to the citizens, all federal assets including airwaves,
government-lands, parks etc. i.e. privatize in toto.
- De-centralize: Destroy federal duplicate buraucracies as they
are not only redundant but they encroach (trench) upon state powers and create
The activities of the international bankers behind the Council on
Foreign Relations and the Federal Reserve should be thoroughly investigated by
an independent prosecutor. If criminal activities are uncovered, then those
involved should be prosecuted under the Racketeer Influenced and Corrupt
Organizations Act (RICO) as an ongoing criminal conspiracy.
American people must not give up their liberties for the false sense of
security offered by the international bankers and their CFR puppets. The grip
of these international criminals must be broken and the threats against our
liberties, freedoms and our nation's sovereignty must be eliminated. It can
only be accomplished by a demand for action by a determined and educated
American citizenry, as well as by an honest and thorough federal criminal
stealing your assets ?
Who gives you inflation ?
Who gives you
Who gives you booms & busts ?
Who gives you
bankruptcy & power of sale ?
If you can't answer these questions, read the above again!
Federal Reserve System: A Fatal Parasite on the American Body Politic
© Copyright 1999-2008 Jeremiah Project