14.
“Plaintiffs Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
cause of action as follows:
The
Federal Reserve Bank et al , The Federal Reserve System et al ,The Federal
Reserve et al ,The Fed et al “Chief Defendant(s) “United States of America et
al” herein
The
Chinese Government being a “Third Party” to this action China: $1.16 trillion (8 percent) in direct /indirect
“PLANTIFFS” collectively damages of the U.S. Bank Fraud Statute, Title 18 U.S.
Code section 1344, prohibits defrauding federal financial institutions in this
“Grand
Scheme on nature against furtherance’s RICO statute (18 U.S.C. § 1961(1),
taxation System's basic organizational structure against directly each and
every “PLANTIFFS” very own monetary taxes
15.
The
Chinese Government being a “Third Party” to this action China: $1.16 trillion
(8 percent) direct “Ownership” of The Federal Reserve Bank et al , The Federal
Reserve System et al ,The Federal Reserve et al ,The Fed et al namely a
additional “Chief Defendant(s) et al”
described by “PLANTIFFS”
Are
scheduled to announce their switch from U.S. dollar to “yuan” on Tuesday, April
19th; involving further against directly each and every “PLANTIFFS” very own
monetary stolen taxes in this Hostile Scam of Years now which will send about “two”
TRILLION in “PLANTIFFS” et al cash back to the
“Chief
Defendant” United States of America , Third Party”, The Federal Reserve Bank et
al , The Federal Reserve System et al ,The Federal Reserve et al ,The Fed et al
and send inflation skyrocketing overnight,
While “Third Party” The Federal Reserve Bank et al , The
Federal Reserve System et al ,The Federal Reserve et al ,The Fed et al and “Chief
Defendant(s) United States of America et al” and Never Negro Race Plaintiffs
from December 23rd 1913 – Feburary 7th 2013 herein “always “White Only” race being self
claimed pure, and smartest in controls of the Monetary Institution” over
PLANTIFFS collective monetary prosperty all being plundering, stolen and abused
endless for the
Chief Defendant” United States of America et al White Supremacy
“Elite Rich Only” being the criminal (RICO) enterprise element which have since
August 20th 1619 – 2016
outweigh the negro race “PLANTIFFS” peace, dignity claimed civil rights,
monetary best interest, physical wellbeing and basic human each and every day
needs
“Stolen” since the RICO statute (18 U.S.C. § 1961(1),
taxation System's basic organizational structure in placement against directly
each and every “PLANTIFFS” very own monetary taxes started (RICO) shame on or
about start in December 1913 well into December 31st 2016
16.
The Federal Reserve Bank et al, The Federal Reserve
System et al, The Federal Reserve et al, The Fed et al “Chief Defendant(s) “United
States of America et al” herein and “Third Party” Corporation, Companies and
business of “White Only” United States of America et al”
Criminal Intent in never ending a monetary trickery “Slave
Regime” society being officially in 2016– 2099 in a nature involving direct
damages of the U.S. Bank Fraud Statute, Title 18 U.S. Code section 1344,
prohibits defrauding federal financial institutions, in collusion with Criminal
acts and actions of
“Third Party” The Federal Reserve Bank et al , The
Federal Reserve System et al ,The Federal Reserve et al ,The Fed et al “Chief
Defendant(s) et al” herein and “Chief
Defendant” United States of America et al” in a nature of (RICO) enterprise
against “PLANTIFFS” after 1865 13th amendment in a
“Money Laundering 18 U.S.C. § 1589 (forced labor), 18
U.S.C. § 1590 (trafficking with respect to peonage, slavery, involuntary servitude,
or forced labor),
“Slavery Servitude” money laundering statutes, 18 U.S.C.
1956 and 1957,
“Slavery Servitude” money laundering statutes, RICO
statute (18 U.S.C. § 1961(1) which ended directly on or about approximately
when
“Jursidicition” of Chief Defendant United States of America et al”
State of “Mississippi” finally freed the “Slaves” on February 7th 2013 as such
Pursuant forever to “Dred Scott” Vs. Sandford, 60 U.S. 393 (1857) being
criminal in (RICO) continual nature herein engaged 1000% in “Deferential Reliance’s”
of The “Plaintiffs Slaves et al” being
“Physical
Activated” Duty “Negro Race” Military Personal” supporting Slavery Servitude” money laundering
statutes, 18 U.S.C. 1956 and 1957 (RICO) “Taxes” scheme of things since 1913 “Plaintiffs” very own Government
funded Para-Military “Knights of the “Klu Klux Klansmen” hostile Kille
r “Conspirer”
with “Third Party” The Federal Reserve Bank et al , The Federal Reserve System
et al ,The Federal Reserve et al ,The Fed et al “Chief Defendant(s)”United
States of America et al” herein and all
described third parties corporations herein further upon which
“Massive MIA apportions of “Plaintiffs Slaves
et al” “Military / and none Military “Negro” races and other similarly the same
“White Americans” too Taxes since on or about 1935 as described as
“How The Government is Funded 2016” taxes,
being off shore in Tax Free Have in the net worth of “Trillions” of US Dollars
as described as follows:
17.
The Cost
of Corporate Tax Avoidance
America’s
largest corporations have been storing profits in offshore companies for
decades.
World
leaders, celebrities, and even soccer players, a leak from the law firm Mossack
Fonseca recently revealed, are fond of using shell companies to avoid paying
taxes.
While
as of yet, few high-profile American names have been linked to the Panama
Papers, this sort of tax avoidance is a common practice among a number of
well-known U.S. companies, according to a report released Thursday by Oxfam
America.
The
country’s 50 largest corporations have stored more than a trillion dollars in
offshore shell companies in recent years to lower their tax rate, the report
says.
Large
corporations such as Pfizer, Walmart, IBM, and Apple have stashed billions of
dollars via more than 1,500 subsidiaries in tax havens like the British Virgin
Islands and the Cayman Islands, according to the report, which analyzed the
companies’ Securities and Exchange Commission filings.
Though this practice isn’t illegal, keeping
profits offshore lowers the taxes owed in the United States, and this ends up
costing the U.S. government about $111 billion each year in lost revenue, by
Oxfam’s calculations.
The
50 largest American companies made about $4 trillion in profit from 2008 to
2014, according to SEC filings, and kept about a quarter of that amount outside
the country.
Oxfam analysts calculated that these
corporations paid an average effective tax rate of 26.5 percent.
That’s
below the statutory corporate tax rate of 35 percent and lower than what the average
American worker pays, which is 31.5 percent.
Of
course, keeping profits in offshore tax havens is not the only way a company
lowers its effective tax rate. Many of these companies also get tax credits and
deductions from the federal government, says Craig Boise, the dean of Cleveland
State University’s Cleveland-Marshall College of Law.
But
still, it’s problematic that companies rely heavily on loopholes in the
international tax system to keep some profits from being taxed in the United
States. Every time a new rule is created to crack down on abuse, he says,
companies find another way around it.
“It’s like constantly playing a game of
catch-up,” says Boise, whose research focuses on U.S. corporate and
international tax policy.
As a
result of all this, smaller businesses that don’t have the resources necessary
to construct complex tax-avoidance schemes end up paying closer to the full tax
rate.
This
means that they end up paying a larger share of the bill for services such as
roads, health care, and education, says Deborah Field, a former corporate tax
accountant, whom Oxfam invited to speak on a press call about the report.
“I’ve
seen how much time and effort companies put into avoiding paying their taxes,”
says Field, who now runs a small business in Oregon. “It makes me angry.”
Over
the past several decades, corporations have been paying a smaller and smaller
share of taxes, according to a Pew Research Center analysis. In 1952, corporate
income taxes funded about 32 percent of the federal government.
That
shrank to 10.6 percent by 2015. While tax havens aren’t the sole cause of this
shift, it’s worth noting that the share of corporate profits reported in tax
havens has increased tenfold since the 1980s.
The
companies that in their SEC filings reported holding the most money offshore
include Apple, with $181 billion stored in abroad, as well as Pfizer and
PepsiCo, which reported owning the largest number of subsidiaries in tax
havens—more than 100 each.
What
do the companies have to say about all this? Oxfam contacted the companies for
comment, and General Motors, which reported owning 21 subsidiaries in offshore
tax havens, responded with this:
“GM
does not have, nor use tax havens to reduce or avoid taxes. We do sell cars,
parts and auto financing in countries such as Caymans, Ireland, Switzerland,
Luxembourg and the Netherlands, and we conduct those sales through GM-owned
companies in those countries.”
Phillips
66 reported holding $2 billion offshore from 2008 to 2014, and owned 17
subsidiaries during that time. The company had this to say:
“We
operate refining assets in Ireland and marketing locations in Switzerland that
provide products to local markets. Singapore is a major trading center for
petroleum and we have operations there that support our worldwide Refining and
Marketing operations.”
That
may well be true, but Oxfam says that offshore subsidiaries generate very
little income from local markets, and they are more likely to earn royalties
for holding patent rights to products developed elsewhere—which is to say that
the fundamental functions of their businesses generally aren’t what’s being
conducted in nations with such favorable tax rates.
But
tracing all this money requires more transparency. “We would need cooperation
from foreign governments to overhaul the system,” Boise says. But many of them
don’t have an incentive to do that, because facilitating offshore accounting is
such a dependable source of revenue for them.
18.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
cause of action as follows:
Century
of Enslavement: The History of The Federal Reserve
TRANSCRIPT:
Part
One: The Origins of the Fed
“The
real truth of the matter is, as you and I know, that a financial element in the
larger centers has owned the Government ever since the days of Andrew Jackson.”
– FDR letter to Colonel Edward House, Nov. 21 1933
All
our lives we’ve been told that economics is boring. It’s dull. It’s not worth
the time it takes to understand it. And all our lives, we’ve been lied to.
War.
Poverty. Revolution. They all hinge on economics. And economics all rests on
one key concept: money.
Money.
It is the economic water in which we live our lives. We even call it
‘currency’; it flows around us, carries us in its wake. Drowns those who are
not careful.
We
use it every day in nearly every transaction we conduct. We spend our lives
working for it, worrying about it, saving it, spending it, pinching it. It
defines our social status. It compromises our morals. People are willing to
fight, die and kill for it.
But
what is it? Where does it come from? How is it created? Who controls it? It is
a remarkable fact that, given its central importance in our lives, not one
person in a hundred could answer such basic questions about money as these.
Interviewer:
So if you were planning a family, you’d want to know where babies come from.
And this is a lot about banking. So let me ask you: where does money come from?
Interviewee
1: Where does the money come from? The government prints it. It’s printed off.
Interviewer:
How is new money created?
Interviewee
2: By labor. People work and produce wealth, and the money is supposed to match
that wealth.
Interviewee:
Where does money come from?
Interviewee
3: Well I have a pretty different outlook on money. It actually comes from,
like, trees, right?
SOURCE:
Occupy Vancouver answers “Where does money come from?”
But
why is this? How could we be so ignorant about a topic of such importance?
“Where does money come from?” is a basic, childlike question. So why is our
only response the childlike answer, meant as a joke: “It grows on trees”?
Such
a profound state of ignorance could not come about naturally. From the time we
are children, we are curious about the world and eager to learn about the way
it works. And what could lead to a better understanding of the way the world
works than a knowledge of money,
its creation and destruction? Yet discussion
of this topic is fastidiously avoided in our school years and ignored in our
daily life.
Our monetary ignorance is artificial, a
smokescreen that has been erected on purpose and perpetrated with the help of
complicated systems and insufferable economic jargon.
But
it doesn’t take an economist to understand the importance of money. Deep down
we all know that the wars, the poverty, the violence we see around us hinges on
this question of money. It seems like a thousand piece jigsaw puzzle just waiting
to be solved. And it is.
The
puzzle pieces, taken together, create an image of the Federal Reserve,
America’s central bank and the heart of the country’s banking system. Despite
its central importance to the economy, relatively few have heard of it, and
fewer still know what it is, despite the bank’s attempts at self-description:
19.
Our
economy runs on a complex system of exchange of goods and services in which
money plays a key part. Coin, currency, savings, and checking accounts; the
overall supply of money is managed by the Federal Reserve. Money is the medium
through which economic exchanges take place, and money as a standard of value
helps us to set prices for goods and services.
The
job of managing money–monetary policy–is to preserve the purchasing power of
the dollar while ensuring that a sufficient amount of money is available to
promote economic growth.
The
Federal Reserve also promotes the safety and soundness of the institutions
where we do our banking.
It ensures that the mechanisms by which we make
payments, whether by cash, cheque, or electronic means, operates smoothly and
efficiently.
And
in its fiscal role acts as the banker for the United States government.
Now
these duties comprise the major responsibilities of our central bank.
SOURCE:
The Fed: Our Nation’s Central Bank
But
in order to understand the Federal Reserve, we must first understand its
origins and context. We must deconstruct the puzzle.
The
first piece of that puzzle lies here, in the White House. This is where the
Federal Reserve Act, then known as the Currency Bill, was signed into law after
passing the House and Senate in late December, 1913.
The
New York Times of Christmas Eve, 1913, described the festive scene:
20.
“The
Christmas spirit pervaded the gathering. While the ceremony was a little less
impressive than that of the signing of the Tarriff act on Oct. 3 last in the
same room, the spectators were much more enthusiastic and seized every occasion
to applaud.”
There
in the White House that fateful December evening, President Wilson signed away
the last veneer of control over the American money supply to a cartel; a
well-organized gang of crooks so successful, so cunning, so well-hidden that
even now, a century later, few know of its existence, let alone the details of its
operations. But those details have been openly admitted for decades.
Of
course, just as we have been taught to find economics boring, we have been
taught that this story is boring. This is the way the Federal Reserve itself
tells it:
The
United States was facing severe financial problems. At the turn of the century,
most banks were issuing their own currency called “bank notes.” The trouble
was, currency that was good in one state was sometimes worthless in another.
People
began to lose confidence in their money, since it was only as sound as the bank
that issued it. Fearful that their bank might go out of business, they rushed
to exchange their bank notes for gold or silver. By attempting to do so, they
created the panic of 1907.
SOURCE:
Where The Bankers Bank
During
the panic, people streamed to the banks and demanded their deposits. The banks
could not meet the demand; they simply did not have enough gold and silver coin
available.
Many
banks went under. People lost millions of dollars, businesses suffered,
unemployment rose, and the stability of our economic system was again
threatened.
21.
Well,
this couldn’t go on. If the country was going to grow and prosper, some means
would have to be found to achieve financial and economic stability.
To prevent
financial panics like the one in 1907, President Woodrow Wilson signed The
Federal Reserve Act into law in 1913.
SOURCE:
Too Much, Too Little
But
this is history as told by the victors: a revisionist vision in which the
creation of a central bank to control the nation’s money supply is merely a
boring historical footnote, about as important as the invention of the zipper
or an early 20th century hoola-hoop craze.
The
truth is that the story of the secret banking conclave that gave birth to that
Federal Reserve Act is as exciting and dramatic as any Hollywood screenplay or
detective novel yarn, and all the more remarkable for the fact that it is all
true.
We
pick up the story, appropriately enough, under cover of darkness. It was the
night of November 22, 1910, and a group of the richest and most powerful men in
America were boarding a private rail car at an unassuming railroad station in
Hoboken, New Jersey.
The
car, waiting with shades drawn to keep onlookers from seeing inside, belonged
to Senator Nelson Aldrich, the father-in-law of billionaire heir to the
Rockefeller dynasty, John D. Rockefeller, Jr.
A
central figure on the influential Senate Finance Committee where he oversaw the
nation’s monetary policy, Aldrich was referred to in the press as the “General
Manager of the Nation.”
Joining
him that evening was his private secretary, Shelton, and a who’s who of the
nation’s banking and financial elite: A. Piatt Andrew, the Assistant Treasury
Secretary; Frank Vanderlip, President of the National City Bank of New York;
Henry P. Davison, a senior partner of
J.P.
Morgan Company; Benjamin Strong, Jr., an associate of J.P. Morgan and President
of Bankers Trust Co., and Paul Warburg, heir of the Warburg banking family and
son-in-law of Solomon Loeb of the famed New York investment firm, Kuhn, Loeb
& Company.
22.
The
men had been told to arrive one by one after sunset to attract as little
attention as possible. Indeed, secrecy was so important to their mission that
the group did not use anything but their first names throughout the journey so
as to keep their true identities secret even from their own servants and wait
staff.
The
movements of any one of them would have been reason enough to attract the
attention of New York’s voracious press, especially in an era where banking and
monetary reform was seen as a key issue for the future of the nation; a meeting
of all of them, now that would surely have been the story of the century. And
it was.
Their
destination? The secluded Jekyll Island off the coast of Georgia, home to the
prestigious Jekyll Island Club whose members included the Morgans,
Rockefellers, Warburgs and Rothschilds.
Their purpose? Davison told intrepid local
newspaper reporters who had caught wind of the meeting that they were going
duck hunting. But in reality, they were going to draft a reform of the nation’s
banking industry in complete secrecy.
G.
Edward Griffin, the author of the bestselling The Creature from Jekyll Island
and a long-time Federal Reserve researcher, explains:
G.
Edward Griffin: What happened is the banks decided that since there was going
to be legislation anyway to control their industry, that they wouldn’t just sit
back and wait and see what happened and cross their fingers that it would be
OK.
They
decided to do what so many cartels do today: they decided to take the lead. And
they would be the ones calling for regulations and reform.
They
like the word “reform.” The American people are suckers for the word “reform.”
You just put that into any corrupt piece of legislation, call it “reform” and
people say “Oh, I’m all for ‘reform’,” and so they vote for it or accept it.
So
that’s what they were doing. They decided, “We will ‘reform’ our own industry.”
In other words, “We will create a cartel and we will give the cartel the power
of government.
We’ll take our cartel agreement so we can
self-regulate to our advantage and we’ll call it ‘The Federal Reserve Act.’ And
then we’ll take this cartel agreement to Washington and convince those idiots
there to pass it into law.”
And
that basically was the strategy. It was a brilliant strategy. Of course we see
it happening all the time, certainly in our own day today we see the same thing
happened in other cartelized industries.
Right
now we’re watching it unfold in the field of healthcare, but at that time it
was banking, alright?
And
so the banking cartel wrote their own rules and regulations, called it “The
Federal Reserve Act,” got it passed into law, and it was very much to their
liking because they wrote it.
And
in essence what they had created was a set of rules that made it possible for
themselves to regulate their industry, but they went even beyond that.
In
fact, it’s clear to me when I was reading their letters and their conversation
at the time, and the debates, that they never dreamed that Congress would go
along and also give them the right to issue the nation’s money supply.
Not only were they now going to regulate their
own industry, which is what they started out as wanting to do, but they got
this incredible gift that they didn’t dream would be given to them (although
they were negotiating for it), and that was that Congress gave them the
authority to issue the nation’s money.
Congress
gave away the sovereign right to issue the nation’s money to the private banks.
And
so all of this was in The Federal Reserve Act, and the American people were
joyous because they were told, and they were convinced, that this was finally a
means of controlling this big creature from Jekyll Island.
SOURCE:
Interview with G. Edward Griffin
23.
Amazingly
enough, they were successful, not just in conspiring to write the legislation
that would eventually become the Federal Reserve Act, but in keeping that
conspiracy a secret from the public for decades.
It
was first reported on in 1916 by Bertie Charles Forbes, the financial writer
who would later go on to found Forbes magazine, but it was never fully admitted
until a full quarter century later when Frank Vanderlip wrote a casual
admission of the meeting in the February 9, 1935 edition of The Saturday
Evening Post:
“I
was as secretive—indeed, as furtive—as any conspirator.[…]I do not feel it is
any exaggeration to speak of our secret expedition to Jekyll Island as the
occasion of the actual conception of what eventually became the Federal Reserve
System.”
Over
the course of their nine days of deliberation at the Jekyll Island club, they
devised a plan so overarching, so ambitious, that even they could scarcely
imagine that it would ever be passed by congress. As Vanderlip put it,
“Discovery
[of our plan], we knew, simply must not happen, or else all our time and effort
would be wasted. If it were to be exposed publicly that our particular group
had got together and written a banking bill, that bill would have no chance
whatever of passage by Congress.”
So
what, precisely, did this conclave of conspirators devise at their Jekyll
Island meeting? A plan for a central banking system to be owned by the banks
themselves, a system which would organize the nation’s banks into a private
cartel that would have sole control over the money supply itself.
At
the end of their nine day meeting, the bankers and financiers went back to
their respective offices content in what they had accomplished. The details of
the plan changed between its 1910 drafting and the eventual passage of the
Federal Reserve Act, but the essential ideas were there.
But
ultimately, this scene on Jekyll Island, too, is just one piece of a larger
puzzle. And like any other puzzle piece, it has to be seen in its wider context
for the bigger picture to become visible. To understand the other pieces of the
puzzle and their importance in the creation of the Federal Reserve, we have to
travel backward in time.
24.
The
story begins in late 17th century Europe. The Nine Years’ War is raging across
the continent as Louis XIV of France finds himself pitted against much of the
rest of the continent over his territorial and dynastic claims.
King
William III of England, devastated by a stunning naval defeat, commits his
court to rebuilding the English navy. There’s only one problem: money. The
government’s coffers have been exhausted by the waging of the war and William’s
credit is drying up.
A
Scottish banker, William Paterson, has a banker’s solution: a proposal “to form
a company to lend a million pounds to the Government at six percent (plus 5,000
“management fee”) with the right of note issue.”
By 1694 the idea has been slightly revised (a
1.2 million pound loan at 8 percent plus 4000 for management expenses), but it
goes ahead: the magnanimously titled Bank of England is created.
The
name is a carefully constructed lie, designed to make the bank appear to be a
government entity. But it is not. It is a private bank owned by private
shareholders for their private profit with a charter from the king that allows
them to print the public’s money out of thin air and lend it to the crown.
What
happens here at the birth of the Bank of England in 1694 is the creation of a
template that will be repeated in country after country around the world: a
privately controlled central bank lending money to the government at interest,
money that it prints out of nothing.
And
the jewel in the crown for the international bankers that creates this system
is the future economic powerhouse of the world, the United States.
In
many important respects, the history of the United States is the history of the
struggle of the American people against the bankers that wish to control their
money.
By
the 1780s, with colonies still fighting for independence from the crown, the
bankers will get their wish.
25.
In
1781 the United States is in financial turmoil. The Continental, the paper
currency issued by the Continental Congress to pay for the war, has collapsed
from overissue and British counterfeiting.
Desperate
to find a way to finance the end stages of the war, Congress turns to Robert
Morris, a wealthy shipping merchant who was investigated for war profiteering
just two years earlier.
Now
as “Superintendent of Finance” of the United States from 1781 to 1784 he is
regarded as the most powerful man in America next to General Washington.
In
his capacity as Superintendent of Finance, Morris argues for the creation of a
privately-owned central bank deliberately modeled on the Bank of England that
the colonies were supposedly fighting against.
Congress,
backed into a corner by war obligations and forced to do business with the
bankers just like King William in the 1690s, acquiesces and charters the Bank
of North America as the nation’s first central bank. And exactly as the Bank of
England came into existence loaning the British crown 1.2 million pounds, the
B.N.A. started business by loaning $1.2 million to Congress.
By
the end of the war, Morris has fallen out of political favor and the Bank of
North America’s currency has failed to win over a skeptical public.
The B.N.A. is downgraded from a national
central bank to a private commercial bank chartered by the State of
Pennsylvania.
But
the bankers have not given up yet. Before the ink is even dry on the
constitution, a group led by Alexander Hamilton is already working on the next
privately-owned central bank for the newly formed United States of America.
26.
So
brazen is Hamilton in the forwarding of this agenda that he makes no attempt to
hide his aims or those of the banking interests he serves:
“A
national debt, if it is not excessive, will be to us a national blessing,” he
wrote in a letter to James Duane in 1781.
“It will be a powerful cement of our Union. It
will also create a necessity for keeping up taxation to a degree which, without
being oppressive, will be a spur to industry.”
Opposition
to Hamilton and his debt-based system for establishing the finances of the US
is fierce. Led by Jefferson and Madison, the bankers and their system of
debt-enslavement is called out for the force of destruction that it is. As
Thomas Jefferson wrote:
“[T]he spirit of war and indictment, […]
since the modern theory of the perpetuation of debt, has drenched the earth
with blood, and crushed its inhabitants under burdens ever accumulating.”
Still,
Hamilton proves victorious. The First Bank of the United States is chartered in
1791 and follows the pattern of the Bank of England and the Bank of North
America almost exactly; a privately-owned central bank with the authority to
loan money that it creates out of nothing to the government.
In
fact, it is the very same people behind the new bank as were behind the old
Bank of North America. It was Alexander Hamilton, Robert Morris’ former aide,
who first proposed Morris for the position of Financial Superintendent, and the
director of the old Bank of North America,
Thomas Willing, is brought in to serve as the
first director of the First Bank of the United States. Meet the new banking
bosses, same as the old banking bosses.
In the
first five years of the banks’ existence, the US government borrows 8.2 million
dollars from the bank and prices rise 72%. By 1795, when Hamilton leaves
office, the incoming Treasury Secretary announces that the government needs
even more money and sells off the government’s meager 20% share in the bank,
making it a fully private corporation.
Once
again, the US economy is plundered while the private banking cartel laughs all
the way to the bank that they created.
By
the time the bank’s charter comes due for renewal in 1811, the tide has changed
for the money interests behind the bank. Hamilton is dead, shot to death in a
duel with Aaron Burr.
The
bank-supporting Federalist party is out of power. The public are wary of
foreign ownership of the central bank, and what’s more don’t see the point of a
central bank in time of peace. Accordingly, the charter renewal is voted down
in the Senate and the bank is closed in 1811.
27.
Less
than a year later, the US is once again at war with England. After 2 years of
bitter struggle the public debt of the US has nearly tripled from $45.2 million
to $119.2 million. With trade at a standstill, prices soaring, inflation rising
and debt mounting,
President
Madison signs the charter for the creation of another central bank, the Second
Bank of the United States, in 1816. Just like the two central banks before it,
it is majority privately-owned and is granted the power to loan money that it
creates out of thin air to the government.
The
20 year bank charter is due to expire in 1836, but President Jackson has
already vowed to let it die prior to renewal. Believing that Jackson won’t risk
his chance for reelection in 1832 on the issue, the bankers forward a bill to
renew the bank’s charter in July of that year, 4 years ahead of schedule.
Remarkably,
Jackson vetoes the renewal charter and stakes his reelection on the people’s
support of his move. In his veto message, Jackson writes in no uncertain terms
about his opposition to the bank:
“Whatever
interest or influence, whether public or private, has given birth to this act,
it can not be found either in the wishes or necessities of the executive
department, by which present action is deemed premature, and the powers
conferred upon its agent not only unnecessary, but dangerous to the Government
and country.
It is
to be regretted that the rich and powerful too often bend the acts of
government to their selfish purposes.[…]If we can not at once, in justice to
interests vested under improvident legislation, make our Government what it
ought to be, we can at least take a stand against all new grants of monopolies
and exclusive privileges,
Against
any prostitution of our Government to the advancement of the few at the expense
of the many, and in favor of compromise and gradual reform in our code of laws
and system of political economy.”
28.
The
people side with Jackson and he’s reelected on the back of his slogan, “Jackson
and No Bank!” The President makes good on his pledge. In 1833 he announces that
the government will stop using the bank and will pay off its debt.
The
bankers retaliate in 1834 by staging a financial crisis and attempting to pin
the blame on Jackson, but it’s no use. On January 8, 1835, President Jackson
succeeds in paying off the debt, and for the first and only time in its history
the United States is free from the debt chain of the bankers.
In
1836 the Second Bank of the United States’ charter expires and the bank loses
its status as America’s central bank.
It is
77 years before the bankers can regain the jewel in their crown. But it is not
for lack of trying. Immediately upon the death of the bank, the banking
oligarchs in England react by contracting trade, removing capital from the
U.S., demanding payment in hard currency for all exports, and tightening credit.
This results in a financial crisis known as
the Panic of 1837, and once again Jackson’s campaign to kill the bank is blamed
for the crisis.
Throughout
the late 19th century the United States is rocked by banking panics brought
about by wild banking speculation and sharp contractions in credit. By the dawn
of the 20th century, the bulk of the money in the American economy has been
centralized in the hands of a small clique of industrial magnates, each with a
near monopoly on a sector of the economy.
There
are the Astors in real estate, the Carnegies and the Schwabs in steel, the
Harrimans, Stanfords and Vanderbilts in railroads, the Mellons and the
Rockefellers in oil.
As
all of these families start to consolidate their fortunes, they gravitate naturally
to the banking sector.
And in this capacity, they form a network of
financial interests and institutions that centered largely around one man,
banking scion and increasingly America’s informal central banker in the absence
of a central bank, John Pierpont Morgan.
29.
John
Pierpont Morgan, or “Pierpont” as he prefers to be called, is born in Hartford,
Connecticut in 1837 to Junius Spencer Morgan, a successful banker and
financier. Morgan rides his father’s coattails into the banking business and by
1871 is partnered in his own firm, the firm that was eventually to become J.P.
Morgan and Company.
It is
Morgan who finances Cornelius Vanderbilt’s New York Central Railroad. It is
Morgan that finances the launch of nearly every major corporation of the
period, from AT&T to General Electric to General Motors to Dupont.
It is
Morgan who buys out Carnegie and creates the United States Steel Corporation,
America’s first billion dollar company. It is Morgan who brokers a deal with
President Grover Cleveland to “save” the nation’s gold reserves by selling 62
million dollars worth of gold to the Treasury in return for government bonds.
And it is Morgan, who, in 1907, sets in motion
the crisis that leads to the creation of the Federal Reserve.
That
year, Morgan begins spreading rumors about the precarious finances of the
Knickerbocker Trust Company, a Morgan competitor and one of the largest
financial institutions in the United States at the time.
The
resulting crisis, dubbed the Panic of 1907, shakes the U.S. financial system to
its core. Morgan puts himself forward as a hero, boldly offering to help
underwrite some of the faltering banks and brokerage houses to keep them from
going under.
After
a bout of hand-wringing over the nation’s finances, a Congressional Committee
is assembled to investigate the “money trust,” the bankers and financiers who
brought the nation so close to financial ruin and that wield such power over
the nation’s finances.
The
public follows the issue closely, and in the end a handful of bankers are
identified as key players in the money trust’s operations, including Paul
Warburg, Benjamin Strong, Jr., and J.P. Morgan.
Andrew
Gavin Marshall, editor of The People’s Book Project, explains:
30.
Andrew
Gavin Marshall: At the beginning of the 20th century there was an investigation
following the greatest of these financial panics, which was in 1907, and this
investigation was on “the money trust.” It found that three banking
interests–J.P. Morgan, National City Bank, and the City Bank of New
York–basically controlled the entire financial system.
Three
banks. The public hatred toward these institutions was unprecedented.
There
was an overwhelming consensus in the country for establishing a central bank,
but there were many different interests in pushing this and everyone had their
own purpose behind advocating for a central bank.
31.
So to
represent most people, you had farmer interests, populists, progressives, who
were advocating a central bank because they couldn’t take the recurring panics,
but they wanted government control of the central bank.
They
wanted it to be exclusively under the public control because they despised and
feared the New York banks as wielding too much influence, so for them a central
bank would be a way to curb the power of these private financial interests.
On
the other hand, those same financial interests were advocating for a central
bank to serve as a source of stability for their control of the system, and
also to act as a lender of last resort to them so they would never have to face
collapse. But also, in order to exert more control through a central bank, the
private New York banking community wanted a central bank under the exclusive
control of them. There’s a shocker.
So
you had all these various interests which converged. Of course, the most
influential happened to be the New York financial houses which were more
aligned with the European financial houses than they were with any other
element in American society.
The
main individual behind the founding of the Federal Reserve was Paul Warburg,
who was a partner with Kuhn, Loeb and Company, a European banking house. His
brothers were prominent bankers in Germany at that time, and he had of course
close connections with every major financial and industrial firm in the United
States and most of those existing in Europe.
And
he was discussing all of these ideas with his fellow compatriots in advocating
for a central bank. In 1910, Warburg got the support of a Senator named Nelson
Aldrich, whose family later married into the Rockefeller family (again, I’m
sure just a coincidence).
Aldrich invited Warburg and a number of other
bankers to a private, secret meeting on Jekyll Island just off the coast of
Georgia where they met in 1910 to discuss the construction of a central bank in
the United States, but one which would of course be owned by and serve the
interests of the private bank.
Aldrich
then presented this in 1911 as the “Aldrich Plan” in the U.S. Congress, but it
was actually voted out.
32.
The
public, suspicious of Senator Aldrich’s banking connections, ultimately reject
the Jekyll Island cabal’s “Aldrich Plan.”
The cabal does not give up, however. They
simply revise and rename their plan, giving it a new public face, that of
Representative Carter Glass and Senator Robert Owen.
In
the end, the money trust that was behind the Panic of 1907 uses the public’s
own outrage against them to complete their consolidation of control over the
banking system.
The
newly-retitled Federal Reserve Act is signed into law on December 23, 1913 and
the Fed begins operations the next year.
Part
Two: How the Scam Works
33.
“The
study of money, above all other fields in economics, is one in which complexity
is used to disguise truth or to evade truth, not to reveal it.” –John Kenneth
Galbraith
So
how does the Federal Reserve system work? What does it do? Who owns and
controls it?
These are the basic questions that would get
to the heart of the fundamental question: ‘what is money?’ And that is why the
answer to these questions have been shrouded in impenetrable economic jargon.
Even
the Federal Reserve’s own educational propaganda, which has an unusual tendency
toward cutesy animation and talking down to its audience, has a difficult time
summarizing the Fed’s mission and responsibilities. According to the Fed:
To
achieve [its] goals, the Fed, then and now, combines centralized national
authority through the Board of Governors with a healthy dose of regional
independence through the reserve banks.
A third entity, the Federal Open Market
Committee, brings together the first two in setting the nation’s monetary
policy.
SOURCE:
In Plain English
34.
Precisely
what imaginary gaggle of schoolchildren is this economic gibberish aimed at?
The
simple truth, hidden behind the sleight of hand of economic jargon and
magisterial titles, is that a banking cartel has monopolized the most important
item in our entire economy: money itself.
We
are taught to think of money as the pieces of paper printed in government
printing presses or coins minted by government mints. While this is partially
true, in this day and age the actual notes and coins circulating in the economy
represent only a tiny fraction of the money in existence.
Over
90% of the money supply is in fact created by private banks as loans that are
payable back to the banks at interest.
Although
this simple fact is obscured by the wizards of Wall Street and gods of money
who want to make the money creation process into some special art of alchemy
carefully overseen by the government, the truth is not hidden from the public.
35.
In
December 1977, the Federal Reserve Bank of New York published another of its
dumbed-down cartoon-ridden information pamphlets for the general public
attempting to explain the functions of the Federal Reserve System. There in
black and white they carefully explain the money creation process:
“Commercial
banks create checkbook money whenever they grant a loan, simply by adding new
deposit dollars to accounts on their books in exchange for a borrower’s
IOU.[…]Banks create money by ‘monetizing’ the private debts of businesses and
individuals.
That
is, they create amounts of money against the value of those IOUs.”
There
it is, in plain English: the vast majority of money in the economy, the
“checkbook” money in our accounts at the bank and that we use in our electronic
transfers and digital payments, is created not by a government printing press,
but by the bank itself.
It is
created out of thin air as debt, owed back to the bank that created it at
interest. This means that bank loans are not money taken from other bank
depositors, but new money simply conjured into existence and placed into your
account.
And
the bank is able to create much more money than it has cash to back up those
deposits.
The
Fed claims to be the entity overseeing and backing up the banking industry. It
was established, according to its own propaganda, to stabilize the system and
prevent bank runs like the Panic of 1907 from happening again:
36.
Throughout
much of the 1800s, almost any organization that wanted could print its own
money. As a result, many states, banks, and even one New York druggist, did
just that. In fact at one time there were over 30,000 different varieties of
currency in circulation. Imagine the confusion.
Not
only were there multitudes of currencies, some were redeemable in gold and
silver, others were backed by bonds issued by regional governments. It was not
unusual for people to lose faith both in the value of their currency and in the
entire financial system.
With many people trying to withdraw their
deposits at once, sometimes the banks didn’t have enough money on hand to pay
their depositors. Then when the funds ran out the banks suspended payment
temporarily and some even closed. People lost their entire savings. Sometimes
regional economies suffered.
Obviously
something had to be done. And in 1913, something was. In that year, President
Woodrow Wilson signed into effect the Federal Reserve Act. This act created the
Federal Reserve system to provide a safer and more stable monetary and banking
system.
SOURCE:
The Fed Today
37.
If
that was indeed its aim, it signally failed to do so in running up one of the
greatest bubbles in American history to that point in the 1920s, just a decade
after its creation.
The
popping of that bubble, of course, led directly into the Great Depression and
one of the greatest periods of mass poverty in American history. Economists
have long argued that the Fed itself was the cause of the depression by its
complete mismanagement of the money supply.
As
former Federal Reserve Chairman Ben Bernanke admitted in a speech commemorating
Fed critic Milton Friedman’s 90th birthday: “Regarding the Great Depression.
You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it
again.”
“Price
stability” is another cited tenet of the Federal Reserve’s mandate. But here,
too, the Fed has completely failed to live up to its own standards:
Aside
from the banking system, the Federal Reserve has another responsibility that’s
probably even more important. It’s in charge of something called “monetary
policy.” Basically, it means trying to keep prices stable to avoid inflation.
Say you buy a CD today for $14. But what if next year the price of the CD
jumped to $20 or $50, not because of a change in supply or demand, but because
all prices were going up. That’s inflation.
There
are a lot of different causes of inflation, but one of the most important is
too much money. The Fed can adjust the money supply by injecting money into the
system electronically, or by withdrawing money from the economy.
Think
of it: the Federal Reserve has the ability to create money, or make it
disappear. What’s most important is what happens as a result. Any time the
supply of money is altered, the effects are felt throughout the economy.
The
Fed’s methods have changed over time to take advantage of the latest computers
and electronics, but its mission remains the same: to aim for stable prices,
full employment and a growing economy.
SOURCE:
Inside The Fed
38.
100
years ago, in 1913, the Fed was created, and we’ve marked it with a vertical
line there. Consumer prices now are about 30 times higher than they were when
the Fed was created in 1913.
SOURCE:
Bloomberg
Paper
money, too, is the responsibility of the Federal Reserve. Hence the dollars in
circulation are not Treasury notes, not bills of credit, but Federal Reserve
Notes, debt-based notes backed up ultimately by the government’s own promise to
pay, its “sovereign bonds” secured by the taxpayers themselves.
At one time, the Federal Reserve Banks were
legally required to keep large stockpiles of gold in reserve to back up these
notes, but that requirement was abandoned and today the notes are backed up
mostly by government securities.
The Fed no longer keeps any actual gold on its
books, but gold “certificates” issued by the treasury and valued not at the
spot price of $1300 per troy ounce, but an arbitrarily fixed “statutory price”
of $42 2/9 per ounce.
Ron
Paul: But I do have one question: During the crisis or at any time that you’re
aware of, has the Federal Reserve or the Treasury participated in any gold swap
arrangements?
Scott
Alvarez: The Federal Reserve does not own any gold at all. We have not owned
gold since 1934 so we have not engaged in any gold swaps.
Ron
Paul: But it appears on your balance sheet that you hold gold.
Scott
Alvarez: What appears on our balance sheet is gold certificates. When we turned
in…before 1934, we did…the Federal Reserve did own gold. We turned that over by
law to the Treasury and received in return for that gold certificates.
Ron
Paul: If the Treasury entered into…because under the Exchange Stabilization
Fund I would assume they probably have the legal authority to do it…they
wouldn’t be able to do it then because you have the securities for essentially
all the gold?
Scott
Alvarez: No, we have no interest in the gold that is owned by the Treasury. We
have simply an accounting document that is called “gold certificates” that
represents the value at a statutory rate that we gave to the Treasury in 1934.
Ron
Paul: And still measured at $42 an ounce which makes no sense whatsoever.
SOURCE:
House Financial Services Subcommittee Hearings
39.
Clearly,
there is a discrepancy between what we are led to believe is motivating the Fed
and what it actually does. To understand what the Fed is actually intended to
do, it’s first important to understand that the Federal Reserve is not a bank,
per se, but a system.
This system codifies, institutionalizes, oversees
and undergirds a form of banking called fractional reserve banking, in which
banks are allowed to lend out more money than they actually have in their
vaults.
G.
Edward GriffinThe process of decay and corruption starts with something called
“fractional reserve banking.” That’s the technical name for it.
And what that really means is that as the
banking institution developed over several centuries, starting of course in
Europe, it developed a practice of legalizing a certain dishonest accounting procedure.
In
other words, in the very, very beginning (if you want to go all the way back),
people would bring their gold or silver to the banks for safe keeping. And they
said, “Give us a paper receipt, we don’t want to guard our silver and our gold
because people could come in in the middle of the night and they could
Kill us or threaten us and they’ll get our
gold and silver so we can ‘t really guard it so we’ll take it to the bank and
have them guard it and we just want a paper receipt. And we’ll take our receipt
back and get our gold anytime we want.” So in the beginning money was receipt
money.
Then, instead of changing or exchanging the
gold coins, they could exchange the receipts, and people would accept the
receipts just as well as the gold, knowing that they could get gold. And so
these paper receipts being circulated were in essence the very first examples
of paper money.
Well
the banks learned early on in that game that here they were sitting on this
pile of gold and all these paper receipts out there. People weren’t bringing in
the receipts anymore, very few of them, maybe five percent maybe seven percent
of the people would bring in their paper receipts and ask for the gold.
So
they said, “Ah ha! Why don’t we just sort of give more receipts out then we
have gold? They’ll never know because they only ask for, at the best, seven
percent of it. So we can create more receipts for gold then we have. And we can
collect interest on that because we’ll loan that into the economy.
We’ll
charge interest on this money that we don’t really have. And it’s a pretty good
gimmick don’t ya think?” And they go, “Well, yeah, of course.” And so that’s
how fractional reserve banking started.
And
now it’s institutionalized and they teach it in school. No one ever questions
the integrity of it or the ethics of it.
They
say, “Well, that’s the way banking works, and isn’t it wonderful that we now
have this flexible currency and we have prosperity” and all these sorts of
things. So it all starts with this concept of fractional reserve banking.
The
trouble with that is that it works most of the time. But every once and a while
there are a few ripples that come along that are a little bit bigger than the
other ripples. Maybe one of them is a wave. And more than seven percent will
come in and ask for their gold. Maybe twenty percent or thirty percent. And
well, now the banks are embarrassed because the fraud is exposed. They say,
“well we don’t have your gold” “What do you mean you don’t have my gold!! I
gave it to you and put it on deposit and you said you’d safe guard it.”
“Well we don’t have it, we loaned it out.” So
then the word gets out and everyone and their uncle comes out and lines up for
their gold. And of course they don’t have it, the banks are closed, and they have
bank holidays.
Banks
are embarrassed, people lose their savings. You have these terrible banking
crashes that were ricocheting all over the world prior to this time. And that
is what caused the concern of the American people. They didn’t want that anymore.
They wanted to put a stop to that.
40.
And
that was the whole purpose, supposedly, of the Federal Reserve system. Was to
put a stop to that. But since the people who designed the plan to put a stop to
it were the very ones who were doing it in the first place, you can not be
surprised that their solution was not a very good one so far as the American
people were concerned.
Their
solution was to expand it. Not to control it, to expand it. See, prior to that
time, this little game of fractional reserve banking was localized at the state
level. Each state was doing its own little fractional reserve banking system.
Each state, in essence, had its own Federal Reserve. Central banks were
authorized by state law to do this sort of thing.
And that was causing all this problem. So the
Federal Reserve came along and said, “No no, we’re not going to do this at the
state level anymore, because look at all the problem it’s causing.
We’re
going to consolidate it all together and we’re going to do it at the national
level.”
SOURCE:
Interview with G. Edward Griffin
41.
The
key to the system, of course, is who controls this incredible power to
“regulate” the economy by setting reserve requirements and targeting interest
rates. The answer to this question, too, has been deliberately obscured.
The
Federal Reserve system is a deliberately confusing mish-mash of public and
private interests, reserve banks, boards and committees, centralized in
Washington and spread out across the United States.
Andrew
Gavin Marshall: So you have the Federal Reserve Board in Washington appointed
by the President. That’s the only part of this system that is directly
dependent on the government for input that’s the “federal” part: that the
government–the president specifically–gets to choose a few select governors.
The twelve regional banks–the most influential
of which is the Federal Reserve Bank of New York which is essentially based in
Wall Street to represent Wall Street–is a representative of the major Wall
Street banks who own shares in the private, not federal, but private Federal
Reserve Bank of New York. All of the other regional banks are also private
banks.
They
vary according to how much influence they wield but the Kansas City fed is
influential, the St. Louis fed, the Dallas fed, but the New York Fed is really
the center of this system and precisely because it represents the Wall Street
banks who appoint the leadership of the New York fed.
So
the New York fed has a lot of public power, but no public accountability or oversight.
It
does not answer to Congress the way that the chairman of the Federal Reserve
Board of Governors does and even the chairman of the Federal Reserve board who
is appointed by the President, does not answer to the President, does not
answer to Congress.
He goes to Congress to testify but the policy
that they set is independent. So they have no input from the government. The
government can’t tell them what to do legally speaking, and of course they
don’t.
Rep.
John Duncan: Do you think it would cause problems for the Fed or for the
economy if that legislation was to pass?
Ben
Bernanke: My concern about the legislation is that if the GAO is auditing not
only the operational aspects of our programs and the details of the programs,
but is making judgements about our policy decisions, that would effectively be
a takeover of monetary policy by the Congress,
a repudiation of the independence of the
Federal Reserve which would be highly destructive to the stability of the
financial system, the dollar, and our national economic situation.
SOURCE:
Bernanke Threatens Congress
42.
The
Federal Open Market Committee is responsible for setting interest rates. Now
this committee, which is enormously powerful, has as its membership the
Governor and Vice Chair of the Federal Reserve Board, but on the Federal Open
Market Committee most of the membership is the presidents of the regional
Federal Reserve Banks representing private interests.
So
they have significant input into setting the interest rates. Interest rates are
not set by a public body, they’re set by private financial and corporate
interests. And that’s whose interests they serve, of course.
The
reason that the Federal Reserve goes to such great lengths to make its
organizational structure as confusing as possible is to cover up the massive
conflicts of interest that are at the heart of that system.
The
fact is that the Federal Reserve system is comprised of a Board of Governors,
12 regional banks, and an open market committee.
The
privately-owned member banks of each Federal Reserve Bank vote on the majority
of the Reserve Bank’s directors, and the directors vote on members to serve on
the Federal Open Market Committee which determines monetary policy.
What’s more, Wall Street is given a prime seat
at the table, with tradition holding that the President of the powerful New
York Federal Reserve Bank be given the Vice Chairmanship of the FOMC and be
made a permanent committee member.
In
effect, the private banks are the key determinants in the composition of the
FOMC which regulates the entire economy.
43.
According
to the Fed “its monetary policy decisions do not have to be approved by the
President or anyone else in the executive or legislative branches of
government, it does not receive funding appropriated by the Congress, and the
terms of the members of the Board of Governors span multiple presidential and
congressional terms.”
Or,
in the words of Alan Greenspan: “The Federal Reserve is an independent agency
and that means there is no other agency of government that can overrule actions
that we take.”
The
Fed goes on in its self-mythologization to state that it is “not a private,
profit-making institution.” This characterization is dishonest at best, and an
outright lie at worst.
The
regional banks are themselves private corporations, as noted in a 1928 Supreme
Court ruling: “Instrumentalities like the national banks or the federal reserve
banks, in which there are private interests, are not departments of the
government.
They
are private corporations in which the government has an interest.” This point
is even admitted by the Federal Reserve’s own senior counsel.
Yvonne
Mizusawa: Our regulations do specify overall terms for the lending, but the day
to day operation of the banking activities are conducted by the Federal Reserve
Banks. They are banks, and indeed they do lend…
Peter
W. Hall: So they’re their own agency, then, essentially, in that regard.
Yvonne
Mizusawa: They are not agencies, your honor, they are “persons” under FOIA.
Each
Federal Reserve Bank, the stock is owned by the member banks in the district,
100% privately held, they are private boards of directors. The majority of
those boards are appointed by the independent banks, private banks in the district.
They are not agencies.
SOURCE:
Freedom of Information Cases
44.
These
private corporations issue shares that are held by the member banks that make
up the system, making the banks the ultimate owners of the Federal Reserve
Banks. Although the Fed’s profits are returned to the Treasury each year, the
member banks’ shares of the Fed do earn them a 6% dividend.
According
to the Fed, the fixed nature of these returns mean that they are not being held
for profit.
Despite
the dishonest nature of this description, however, it is important to
understand that the bankers who own the Federal Reserve indeed do not make
their money from the Fed directly. Instead, the benefits are much less obvious,
and much more insidious.
The simplest way that this can be understood
is that, as a century of history and the specific example of the last financial
crisis shows, the Fed was used as a vehicle to bail out the very bankers who
own the Fed banks in the most obvious example of fascistic collusion
imaginable.
Michel
Chossudovsky A handful of financial institutions have enriched themselves as a
result of institutional speculation on a large scale, as well as manipulation
of the market.
And
secondly what they have done is that they have then gone to their governments
and said, “Well, we are now in a very difficult situation and you need to lend
us…you need to give us money so that we can retain the stability of the
financial system.”
And
who actually lends the money, or brokers the public debt? The same financial
institutions that are the recipients of the bailout. And so what you have is a
circular process.
It’s a diabolical process. You’re lending
money…no, you’re not lending money, you’re handing money to the large financial
instutions, and then this is leading up to mounting public debt in the trillions.
And
then you say to the financial institutions “We need to establish a new set of
treasury bills and government bonds, etc.”
Which of course are sold to the public, but
they are always brokered through the financial institutions which establish their
viability and so on and so forth.
And
the financial institutions will probably buy part of this public debt so that
in effect what the government is doing is financing its own indebtedness
through the bailouts.
It
hands money to the banks, but to hand money to the banks, it becomes indebted
to those same financial institutions, and then it says
“We
now have to emit large amounts of public debt. Please can you help us?”
And
then the banks will say: “Well, your books are not quite in order.” And then the
government will say: “Obviously they’re not in order because we’ve just handed
you 1.4 trillion dollars of bailout money and we’re now in a very difficult
situation. So we need to borrow money from the people who are in fact the
recipients of the bailout.”
So
this is really what we’re dealing with. We’re dealing with a circular process.
SOURCE:
The Banker Bailouts
45.
The
2008 crisis and subsequent bailouts are merely the latest and most brazen
examples of the fundamental conflicts of interest at the heart of America’s
privately-owned central banking system.
Beginning
with the collapse of Lehman Bros. in September of that year, the Federal
Reserve embarked on an unprecedented program of bailouts and special zero
interest lending facilities for the very banks that had caused the subprime
meltdown in the first place.
By the cartelization of the Federal Reserve
structure, and thus not by accident, it was the very bank presidents who had
overseen their banks’ lending practices that ended up in the director positions
of the Federal Reserve Banks that voted on where to direct the trillions of
dollars in bailout money.
And
unsurprisingly, they directed it toward their own banks.
A
stunning 2011 Government Accountability Office report examined $16 trillion of
bailout facilities extended by the Fed in the wake of the crisis and exposed
numerous examples of blatant conflicts of interest. Jeffrey Immelt, chief
executive of
General Electric served as a director on the
board of the Federal Reserve Bank of New York at the same time the Fed provided
$16 billion in financing to General Electric.
JP
Morgan Chase chief executive, Jamie Dimon, meanwhile, was also a member of the
board of the New York Fed during the period that saw $391 billion in Fed
emergency lending directed to his own bank. In all, Federal Reserve board
members were tied to $4 trillion in loans to their own banks.
These
funds were not simply used to keep these banks afloat, but actually to return
these Fed-connected banks to a period of record profits in the same period that
the average worker saw their real wages actually decrease and the economy on main
street slow to a standstill.
Then
Fed Chairman Ben Bernanke was confronted about these conflicts of interest by
Senator Bernie Sanders upon the release of the GAO report in June 2012.
Ben
Bernanke: Senator, you raised an important point, which is that this is not
something the Federal Reserve created. This is in the statute. Congress in the
Federal Reserve Act said
“This
is the governance of the Federal Reserve.” And more specifically that bankers
would be on the board…
Bernie
Sanders: 6 out of 9.
Ben
Bernanke: Sorry?
Bernie
Sanders: 6 out of 9 in the regional banks are from the banking industry.
Ben
Bernanke: That’s correct. And that is in the law. I’ll answer your question,
though. The answer to your question is that Congress set this up, I think we’ve
made it into something useful and valuable.
We do get information from it. But if Congress
wants to change it, of course we will work with you to find alternatives.
SOURCE:
Conflicts at the Fed
Bernanke
is completely right. These conflicts are in fact a part of the institution
itself. A structural feature of the Federal Reserve that was baked into the
Federal Reserve Act itself over 100 years ago by the bankers who conspired to
cartelize the nation’s money supply.
You
could not ask for a more succinct reason why the Federal Reserve itself, this
admitted cartel of banking interests, needs to be abolished…but you could get
one.
46.
Part
Three: End the Fed
“They
who control the credit of a nation, direct the policy of Governments and hold
in the hollow of their hands the destiny of the people.” – Reginald McKenna
We
now know that for centuries the people of the United States have been at war
with the international banking oligarchs. That war was lost, seemingly for
good, in 1913, with the creation of the Federal Reserve.
With
the passage of the Federal Reserve Act, President Woodrow Wilson consigned the
American population to a century in which the money supply itself has depended
on the whims of the banking cabal.
A
century of booms and busts, bubbles and depressions, has led to a wholesale
redistribution of wealth toward those at the very top of the system.
At
the bottom, the masses toil in relative poverty, single-income households
becoming double-income households out of necessity, their quality of life being
slowly eroded as the Federal Reserve Notes that pass for dollars are themselves
devalued.
Worse
yet, the fraud itself perpetuates Alexander Hamilton’s persistent myth that a
national debt is necessary at all.
The
US is now locked into a system whereby the government issues bonds to generate
the funds for their operations, bonds that are backed up by the taxation of the
public’s own labor.
The
perpetrators of this fraud, meanwhile, remain in the shadows, largely ignored
by a general public that could instantly recognise the latest Hollywood
heartthrob or pop idol, but have no clue what the head of Goldman Sachs or the
New York Fed does, let alone who they are.
This
cabal bear allegiance to no nationality, no philosophy or creed, no code of
ethics. They are not even motivated by greed, but power.
The power that the control of the money supply
inevitably brings with it.
It
did not take long for this lust for power to rear its head. In 1921, just 7
years after the Fed began operations, the same J.P. Morgan-connected banking
elite that founded the Federal Reserve incorporated an organization called
The
Council on Foreign Relations with the goal of taking over the foreign policy
apparatus of the United States, including the State Department. In this quest,
it was remarkably successful. Although there are only about 4000 members in the
organization today,
its
membership has included 21 Secretaries of Defense, 18 Treasury Secretaries, 18
Secretaries of State, 16 CIA directors and many other high-ranking government
officials, military officers, business elite, and, of course, bankers. The
first Director of the CFR was John W. Davis, J.P. Morgan’s personal lawyer and
a millionaire in his own right.
Together
with its sister organizations in Britain and elsewhere around the world, these
groups would work together toward what they called a “New World Order” of total
financial and political control directed by the bankers themselves.
As Carroll Quigley, noted Georgetown historian
and mentor of Bill Clinton, wrote in his 1966 work, Tragedy and Hope: A History
of The World In Our Time:
“The
powers of financial capitalism had [a] far-reaching aim, nothing less than to
create a world system of financial control in private hands able to dominate
the political system of each country and the economy of the world as a whole.
This
system was to be controlled in a feudalist fashion by the central banks of the
world acting in concert, by secret agreements arrived at in frequent private
meetings and conferences.
The
apex of the system was to be the Bank for International Settlements in Basel,
Switzerland, a private bank owned and controlled by the world’s central banks
which were themselves private corporations.”
47.
This
is why the bankers and their partners in government and business conspired to
bring about the 2008 crisis. Not for the pursuit of money, but power.
In
the same way the bankers used the Panic of 1907 to consolidate their control
over the money supply, they hope to use the 2008 crisis and subsequent panics,
which they themselves have created, to consolidate their political control.
The
inevitable conclusion, one that flows necessarily from the true understanding
of this situation, is that the Federal Reserve system needs to be consigned to
the dustbin of history. After a century of enslavement, it is time for the
American public to finally throw off the bankers’ debt chains.
Andrew
Gavin Marshall: If there was ever a point in human history to start questioning
alternatives, this would be it. And to think that where we are…and simply say
“Oh, well this is the best of our options,” how many of the best options lead
to self-destruction? Doesn’t sound like a best option.
I
think that with a world of seven billion people we can probably come up with
something better than a system in which a few thousand people benefit so much
at the expense of everything else on this world and at the expense of the
potential for the future of mankind.
They’re
leveraging our future and so long as we accept this way of thinking, so long as
we accept these institutions as having dominance, that’s the direction we’ll be
going.
48.
So I
think reform is a good way to try and stall and to push back directly against
the expanding and evolving power structures, but radical change is what’s
really needed and that has to be built from the bottom up. But I think that
these two processes can and should go together in parallel.
If you’ve
made it this far, congratulations. You are now better informed on the economic
history of the United States and the truth about the Federal Reserve than 99%
of the population.
If
you do nothing else, then just working to get those around you educated on this
information alone will have a profound effect. Once they learn of the scam,
many are motivated to do something about it, and they, in turn, inform others.
This
is the viral nature of suppressed truth, and it is the reason that more people
are aware of and energized by the issue of the Federal Reserve and the nature
of money than ever before.
Perhaps
even more amazingly, this movement is spreading to other parts of the globe.
Recognizing the interlocking nature of the modern global economy, and the
international nature of the banking oligarchy, movements to abolish the Federal
Reserve have sprung up in Europe, where protests against the cartelized central
banking system are taking place in over 100 cities attracting 20,000 people on
a weekly basis.
Lars
Maehrholz: I started this movement because I realized that the Federal Reserve
Act, in my opinion, is one of the worst laws in the whole world. So a private
banking company is lending America the money, and in my opinion is not
democratic anymore.
The
Federal Reserve tells the government what to do, and that’s the problem.
Luke
Rudkowski: It’s a very big problem, especially in the U.S. Why is it a global
issue, and why are people doing it here in Germany?
Lars
Maehrholz: Because when you realize that this finance system, it’s a global
system, you have to go really to the beginning of the system. And in my opinion
it’s also the World Bank and the International Monetary Fund and stuff like
this, but at the beginning of all this is a law from 1913.
Woodrow Wilson signed it, and this is the
beginning of all this hardcore capitalism we are now suffering from. And the
only way to stop this is maybe to break this law.
SOURCE:
Establishment is Afraid of End The Fed Movement in Germany
49.
But
what if the burgeoning movement to End The Fed is successful? What system do
people propose as the answer? There have been several proposals along different
lines by various researchers.
Some argue for a return to America’s colonial
roots of debt-free money issued by state run banks, pointing to the Bank of
North Dakota as one already functioning, successful model of this approach.
Ellen
Brown: We’ve had two banking systems ever since the 1860’s with the state bank
system and the federal bank system, and the federal bank system are the big
Wall Street banks particularly.
They
dominate the federal system. So, they’re taking over right now.
In
California we don’t even have any local banks where I am. We had two and I had
accounts in both of them and now one of them is Chase Bank and the other is
U.S. Bank. So they’re both big Wall Street banks now that have been taken over.
So
it’s the local banks that have an interest in serving the local business. The
big banks have no interest in making loans to local businesses; it’s too risky,
why should they bother?
They’ve
got this virtually free money they can get from the Fed and from each other and
it’s much more lucrative to them either to speculate in commodities or other
thing abroad, or what works very well for them is to buy long-term government
bonds at 3% because these have no capital requirement.
The
capital requirements for government bonds are zero. So they can buy all of
those that they want. Whereas if they make loans for mortgages or they make
loans to businesses then they have to worry about the capital requirement and
as soon as they’ve used up all their capital–in other words eight dollars in
capital will get you a hundred dollars of loans–then they can’t make any more
loans they have to wait for thirty years for the loans to get paid off.
So
what they if they do if they do buy mortgages is sell them off too investors
and so that’s the whole mortgage backed security scam that we’ve seen.
They
had no motivation to make sure that these borrowers were actually sound
borrowers; they just wanted to make a sale. So they sold the stuff to the
unwary investors who might be somebody in Iceland or Sweden or pension funds.
So that didn’t work out so well.
50.
So a
state bank partnering with the local banks can provide the capital. It can help
them with capital. In North Dakota the state bank guarantees the loans of the
local banks, allowing them to make much bigger loans than they could otherwise.
The
state bank provides liquidity to the small banks. That’s why the local banks
aren’t making loans to small business right now, because they don’t know that
they can get money from the other banks as needed. The way banking works is
they make the loan first.
I
mean, if you have credit lines to many different businesses and if they all hit
up their credit lines at once you are going to run out of money. So you don’t
dare do that unless you know that you can get short-term loans from the other
banks.
And so what’s happening right now, even though
there’s $1.6 trillion is excess reserves sitting on the books of the big banks,
they’re not available to the little banks and the reason is because the Fed is
paying 0.25% interest on those reserves.
So
the banks have no incentive to lend them to the little banks. Why let go of them
when you can make just as much keeping them and then you still have your
reserves and you can use them as collateral to buy bonds or something that’ll
make you more money?
So
the whole system is messed up and in North Dakota, the bank of North Dakota provides
liquidity for these local banks.
SOURCE:
Ellen Brown: Finance Capital vs. Public Banking
51.
Others
advocate a decentralized system of alternative and competing currencies that
greatly reduce or even eliminate altogether the need for a central bank.
Paul
Glover: Well, 22 years ago in Ithaca, New York I noticed there were a lot of
people, friends particularly, that had skills and time that were not being
employed or respected by the prevailing economy. While we had much desire to
create things and trade them with each other and many services we could provide
to each other, we didn’t have the money.
So
since I have a background in graphic design, journalism and arrogance I went to
my computer and designed paper money for Ithaca, New York.
I
designed pretty colourful money with pictures of children, waterfalls and
trolley cars denominated in hours of labor. One-hour note, half-hour, quarter,
eight-hour notes and two-hour notes. I then began to issue to each of those
pioneer traders who had agreed to being listed in the directory a specific
starter amount, and the game began.
An
hour has been worth basically $10 U.S. dollars which at that time 20 years ago
was double the minimum wage.
People
who usually expect more than $10 per hour of their service can charge multiple
hours per hour but the denomination puts between us as residents of our
community, that reminds us that we are fellow citizens, not merely winners or
losers scrambling for dollars.
It
introduces us to each other on the basis of these skills and services that we
have, that we are more proud to provide for each other than often is the case
with a conventional job. Just the stuff we have to do to get the money to pay
the bills.
So
through that trading process, that more intimate scale process within the
community, we’re more easily able to become friends and lovers and political
allies.
James
Corbett: It’s an inspiring story and tell people about how much money has
circulated through this community. I mean, it’s important for people to understand
just how successful this has been.
Paul
Glover: Because we are not a computer system we don’t have a specific volume of
trading recorded but by the grapevine, by phone surveys and over the years
watching the money move we were able to guess very reliably that several
million dollars equivalent of this money has transacted over those years.
Making loans without charging interest up to
$30,000 value, which is the fundamental
monetary revolution in our system. Then as well, making grants of the money to
over a hundred community organizations.
SOURCE:
Avoiding Economic Collapse: Complementary Currencies
Some
argue for currencies whose mathematical nature prevent them from being merely
conjured into existence whenever a federal government wants to wage another war
of aggression or forge another link in the seemingly endless train of governmental
tyranny and abuse.
Roger
Ver: What people have to understand about Bitcoin is that it’s a completely
decentralized network. There’s no central server, there’s no controlling
company, there’s no office, it’s just free software that anyone can download
and start running on their computer anywhere in the world.
And that the Bitcoins themselves can be
transferred to or from anyone, anywhere in the world and it’s impossible for
any bank or government or entity to block you from sending or receiving those
Bitcoins.
There’s a limited supply of those Bitcoins,
there will never ever be anymore than 21 million Bitcoins. So, like everything
the price is set based on supply and demand.
Because the supply of Bitcoins is limited and
the demand is increasing as more and more people start to use them and more and
more websites start to accept them, the price of Bitcoins in terms of dollars
is going to have to increase, even a lot more than the $500 per Bitcoin that it
is today.
James
Corbett: Are there any drawbacks at all to the idea of using a crypto-currency?
Roger
Ver: If you’re part of the current power elite that can just print money at
will to spend on whatever you feel like then yeah, the world switching over to
Bitcoin is probably not going to benefit you.
But if your one of the normal people that
aren’t working for the Federal Reserve or any central bank that’s printing
money to pay to your friends and that sort of thing, then a Bitcoin world is a
wonderful thing for you.
SOURCE:
How to Defund the System: Bitcoin vs. the Central Banksters
52.
Sound
money. Cryptocurrencies. State banks. LETS programs. Self-issued credit. These
and many other solutions have all been proposed and many of them are in use in
different localities today.
Information
on all of these ideas and how they are being applied in various parts of the
world are widely available online today.
The
point is that the question of what money is and how it should be created is
perhaps the single greatest question facing humanity as a whole, and yet it is
one that has been almost completely eliminated from the national
conversation…until recently.
For
the first time in living memory, people are once again rallying around the
monetary issue, and American politics stands on the threshold of a
transformation almost unimaginable just two decades ago.
And
so the rest of the story is now in our hands. Once we understand the scam that
has taken place, the gradual consolidation of wealth and power in the hands of
an elite few banking oligarchs
And
the growing impoverishment of the masses, all in the name of banking funny
money created out of nothing and loaned to the public at interest, we can
choose to get active or to do nothing at all.
For
those who choose to get active, there are some steps that you can take to help
change the course of this system:
Follow the links and resources
from the transcript of this documentary at corbettreport.com/federalreserve to
familiarize yourself with the history, the connections and the functions of the
Federal Reserve system.
If you can’t explain this material to yourself
then you will never be able to teach it to others.
2)
Begin reaching out to others to bring them up to speed on the issue. It can be
as simple as broaching this conversation in the Monday morning water cooler
talk or passing out a copy of this documentary or sending out links to this
information to your email list.
Insert this topic into your conversations.
When people start talking about the national debt or the state of the economy
or other political talking points, get them to question the roots of these
issues, and why there is a national debt at all.
3)
When you are able to find or create a group of like-minded people in your area
who are engaged with the issue, start a study group on the issue and its
solutions. The study group can help source alternative or complementary
currencies in the local area, or, if none exist already, the group can form the
basis for a community of local businesses and customers who are willing to
start experimenting with ways to wean themselves off of the Federal Reserve
notes.
4)
Use the resources at corbettreport.com, including the Federal Reserve
information flyer, or hold DVD screenings, to attract interest in your group
and draw others into studying the true nature of the monetary system.
53.
The
work of building up an alternative to the current system can seem daunting,
even at times overwhelming. But it’s important to keep in mind that the Federal
Reserve system that seems so monolithic today has only been around for one
century.
Central banks have been defeated in America
before and they can be defeated again.
The
question of how we decide to change this system is not rhetorical; it will
either be answered by an informed, engaged, active population working together
to create viable alternatives and to dismantle the current system, or it will
be answered by the same banking oligarchy that has been controlling the money supply,
and indeed the “Plaintiffs Slaves et al” lifeblood of the country, for
generations.
Now,
one century after the creation of the Federal Reserve system, we have a choice
to make: whether the next century, like the one before it, will be a century of
“Plaintiffs
Slaves et al” enslavement, or, transformed by the actions and choices that we
make in the light of this knowledge, a century of empowerment.
54.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
cause of action as follows:
“Chief Defendant(s) United States of America
et al” herein Sixteenth Amendment was never legally ratified, but that their
arguments have not been accepted by the courts, as for as follows:
“June
1864” Congress repeals the fugitive Slaves laws,
“November
1864” “Lincoln Was Reelection against the “Democratic Presidential Nominee
Union General “George B. McClellan
Congress
pass the proposed 13th Amendment to the U.S. Constitution which bans
“Slavery” in the entire “Third Party” United States of America “However”
Lincoln “Killed” selfish “Greed” by “Vice President of Confederate “Secret
Service” being now 17th President of “Chief Defendant et al The
United States of America” Andrew Johnson…
Further
destroyed the “Freeman Bureau”, instituted “Black Codes Laws”, and Vagrancy
Laws, upon which “Plaintiffs Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention, disputes,
disputation, argument, conflict and disharmony, fully furtherance’s,
55.
On
April 9, 1865, Generals Ulysses S. Grant and Robert E. Lee met in the parlor of
a house in Appomattox Court House, VA, to discuss this surrender of the Army of
Northern Virginia, which would end the Civil War.
According
to the terms, the men of Lee's army could return home in safety if they pledged
to end the fighting and deliver their arms to the Union Army.
The
surrender formalities to end the Civil War lasted 4 days. On April 9, 1865,
Generals Ulysses S. Grant and Robert E. Lee met in the parlor of a house in
Appomattox Court House, VA, to discuss the surrender of the Army of Northern
Virginia.
The
terms were generous: The men of Lee's army could return home in safety if they
pledged to end the fighting and deliver their arms to the Union Army.
On
April 12, 1865, in a quiet but emotional ceremony, the infantry of Lee's army
surrendered their arms, folded their battle flags, and received their parole
papers, which guaranteed them safe passage home, upon which this
“Never
Occurred” the ending of the Civil War, Chief Defendant United States of America
as described before the World Court Justices and the Entire international
community State of (KKK) owned rebel Confederates forevermore “Mississippi”
Join The Union On or about February 7th 2013 as
The Federal Reserve Bank et al, The Federal
Reserve System et al, The Federal Reserve et al, The Fed et al, Third Party
Corporations and “Chief Defendant(s) “United States of America et al” herein
conspire, collusion, in concert of actions, aid and abetting further on or
about 1913 – 2099
Continual,
in this destruction, fraudulent, provision against “PLANTIFFS” Freedom of the
proposed 13th Amendment to the U.S. Constitution which bans “Slavery” in the
entire “Chief Defendant” United States of America et al ,
56.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
The
Federal Reserve Bank et al , The Federal Reserve System et al ,The Federal
Reserve et al ,The Fed et al, Third Party “Corporations” and “Chief
Defendant(s) United States of America et al”
collectively herein conspire, collusion, in concert of actions, aid and
abetting further on or about
1913
– 2099 Continual, in this destruction, fraudulent, provision “PLANTIFFS”
Freedom of the proposed 14th Amendment to the U.S. Constitution which “Bogus
MIA Fraudulent”
The
Fourteenth Amendment (Amendment XIV) herein to the “Chief Defendant” United
States Constitution was adopted on July 9, 1868, as one of the Reconstruction
Amendments
The amendment addresses “Claimed MIA” citizenship
rights and equal protection of the laws, and was proposed in response to issues
related to former slaves following the American Civil War on
July
9, 1868, and granted citizenship to “all persons born or naturalized in the
United States,” which included former slaves recently freed,. But “Mississippi”
Join the Union on or about February 7th 2013 as
“Third Party” The Federal Reserve Bank et al ,
The Federal Reserve
System
et al ,The Federal Reserve et al ,The Fed et al, Third Party Corporations et al
and “Chief Defendant(s) “United States
of America et al” herein conspire,
collusion, in concert of actions, aid and abetting further on or about 1913 – 2099 Continual, in
this destruction, fraudulent, provision
“PLANTIFFS”
“all persons born or naturalized in the United States,”
which included former slaves recently freed
Freedom of the “MIA” proposed 13th Amendment
to the Defendant(s) U.S. Constitution, in a grand scheme of “Conversion” of
“PLANTIFFS” monetary taxes, until on or about 1913 – 2099 “Third Party”
The
Federal Reserve Bank et al , The Federal Reserve System et al ,The Federal
Reserve et al ,The Fed et al, Third Party” Corporations and “Chief Defendant(s)
United States of America et al” herein, collectively
engaging in a nature
1000%
in causing direct “PLANTIFFS” damages of
the U.S. Bank Fraud Statute, Title 18 U.S. Code section 1344, prohibits
defrauding federal financial institutions in this “Grand Scheme on nature
against furtherance’s
RICO
statute (18 U.S.C. § 1961(1), taxation System's basic organizational structure
against directly each and every “PLANTIFFS” very own monetary taxes
Collectively being 1000% in direct Human Right violation
in a nature involving “Prima facie tort” 1000% Racketeer Influenced and Corrupt
Organizations Act...
18
U.S.C. § 1589 (forced labor), 18 U.S.C. § 1590 (trafficking with respect to
peonage, slavery, involuntary servitude, or forced labor),
“Slavery
Servitude” money laundering statutes, 18 U.S.C. 1956 and 1957,
“Slavery
Servitude” money laundering statutes,
RICO
statute (18 U.S.C. § 1961(1) Being 1000% in direct violation of the Chief Defendant
“United States of America et al on governing rules of Laws, there after the
passage of the 13th Amendment of (Defendant) The United States of America
Constitution,
1865 and Being the absolute Direct Destruction
of the 14th Amendment There after direct at
Slave Negro Louis Charles Hamilton II USN
#2712, Pro Se Plaintiff
Co-Plaintiff
Slave Negro US Veteran Jeffery Tavery Last Four SS # 3120
Co-Plaintiff
Slave Negro US Veteran Robert Vaughan Last Four SS # 9279
Co-Plaintiff
Slave Negro US Veteran Avery Brown Last Four SS# 6612.,
Co-Plaintiff
Slave Negro US Veteran Exactly 1.8 (Million)
And all others “Current” 42.7 Negro Slaves of
United State of America similarly the same situated, “Slaves”, further
appearances
57.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
“Third
Party” The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al, Third Party” (Corporations) and “Chief Defendant(s) United States of America et
al” herein conspire, collusion, in
concert of actions, aid and abetting
further from August 20th 1619 to now future on or about
1913
– December 30th 2016 with “Defendant “Congress Article I describes
the design of the Deep Dark ages “Chief Defendant United States of America et
al” herein “Legislative Branch of governing rules of laws by Congress
Section
9.
No
money shall be drawn from the treasury, but in consequence of appropriations
made by law;
And a
regular statement and account of receipts and expenditures of all public money
shall be published from time to time.
As
“We Thee Abused (American) “PLANTIFFS Negro Race”…
Demand
for direct accounting in all expenditures of all public money being published
from time to time for the official 1903 – December 30th 2016 “Government sponsored payable to
Third
Party “Knights” of the “Klu Klux Klan”, being forever (PLANTIFFS) public money
of (Negro) race taxes not officially divulged, kept hidden secrete records and
fully we “PLANTIFFS” (Negro) abused race
Having
in 2016 – 2099 no legal standing in a “White Only” (American) Federal Court of
law to question
“White
Only” Race Constitution in regards to our “Negro” race official years of theft
in “monetary taxes” being 1000% misused to fully funded, finance, even our very
own, “Destruction” in being lynch, kidnapped, living in slums, and hostility
whipped, slap,
And
kicked for being said substandard (Negro) deplorable race by said “Secret White
controlling pure Innocents society”
Cleary the Deep Dark ages “Chief Defendant”
(United States of America) et al and “Third Party”The Federal Reserve Bank et
al , The Federal Reserve System et al ,The Federal Reserve et al ,The Fed et al
being forever criminally neglecting in 1000 and 100% producing such
1913-2016
“Knights” of the “Klu Klux Klan”, government sponsored payment in full (Records)
of payments thereof to thee Para-Military “KKK”
(Murderous) acts and actions of such
expenditures records, being in direct violation of “Chief Defendant” United
States of America et al and their very own quite “Crooked” 100% “White Only” rules
of governing laws in such production of documents
Pursuant
to Article I, section 9
“A regular statement and account of receipts
and expenditures of all public money shall be published from time to time.”
58.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
Third
Party The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al, Third Party (Corporations) and “Chief Defendant(s) United States of America et
al” herein conspire, collusion, in
concert of actions, aid and abetting
further on or about July
2005
(RICO) enterprise in “Judicial
Fraud” as described in “PLANTIFFS” “Exhibit (A) 782494479650 Shipment with
FedEx
We
Thee continue abused (Negro) Race 2015-2099, “Affirm”, “State”, and “declare”
legally,
Appearance
Respectfully before his/her “World Honorable Presiding “Justices”, To the
Honorable “World Court of Justice” The Hague
Upon which
We Thee continue abused (Negro) Race, affirm, state and fully declare
all allegation, contention, disputes, disputation, argument, conflict and
disharmony, fully cause of action as follows:
Deep
Dark Ages Defendant “United States of America” et al 1000% criminal
committing 1000% “Judicial Fraud”
Pursuant forever to the “Monetary Forever Judicial Fraud Corruption” direct at
the (Negro) race it very quite clear, in this continual ongoing hidden
“Slave Regime” controlled by the “Judicial
Branch of Government”, as the Ungodly Judicial Government with criminal intent
knowing that “Slavery Servitude”, in (America) was not over,
United
States District Court,
N.D.
Illinois,
Eastern
Division.
In re
AFRICAN-AMERICAN SLAVE
DESCENDANTS
LITIGATION.
MDL
No. 1491.
No.
02 C 7764.
U.S. District Judge Charles Norgle dismissed
an amended reparations lawsuit filed by Deadria Farmer-Paellmann.
http://www.foxnews.com/projects/pdf/032702_reparations.pdf
Norgle
also wrote that “present-day Americans are not morally or legally liable for
historical injustices . . . and that reparations talk is divisive, immersing
African-Americans in a culture of victimhood.”
The
“Dark Ages” Defendant “United States of America” and there secret white society
Pursuant to “Dred Scott” Vs. Sandford, 60 U.S. 393 (1857) having 1619-2099
Control over the Federal Justices”
Sending
even “Civil Rights” “Attorney” Deadria Farmer-Paellmann and many other
including the (Petitioner) herein “Louis Charles Hamilton II” on this fishing
expedition for a
Legal
theory “why” Negro race entitled to be made Human again, from the unjust of
“Slavery Servitude” proving the “Judicial Courts” never even had intentions in
the best interest of any
“Negro”
race residing in “America” from 1619-2099, which “Judicial Courts” never even
allowing “discovery process” to commence while being “profound” that slaver was
historically over in 1865,
U.S.
District Judge Charles Norgle dismissed an amended reparations lawsuit filed by
Deadria Farmer-Paellmann, herein July 2005, when “Historically “U.S. District
Judge “Charles Norgle”
Ended
being quite criminal conduct to cheat and cover up “Slavery still ongoing past
July 2005, well into February 7th 2013,
As
this “Justice” adding his Historical crude “Judicial” White Ruling Class”
continual cover up, which should have been done 174 years in the past ending
“Slavery”, as the “Justice” continual fully bias and hostile engages in
“Obstruction of Justice”,
“Judicial
Fraud” of a Judicial United States of America Court of Law presiding in equity
to cheat the we thee (Negro) abused race in compensation for “Slavery
Servitude” in a ongoing
2015-2099
(RICO) forever criminal Enterprise of Defendant “United States of America” et
al to never ever pay one single dollars to
We
the Abused (Negro) race being forced to performed “Unjust Enrichments on behalf
of Deep Dark Ages Defendant “United States of America” et al in conspire with
Co-Defendant(s) collectively herein “White Controlling Class”, slave owner(s)
of
Plantations,
industries, business, companies, corporations, agency, private/public social
infrastructure jointly from exploitation profits off said Slave Labor régime
Corrupted absolute immunity lynching (Negro)
forever in “Judicial Fraud” force to maintain their collective ongoing
non-reformed (RICO) slave régime by mutable counts of (44.5) million plus
current “Slave Victim” being still criminally against their , peace, will,
knowledge, and dignity of secret placement of Negro race sealed
“Mummy-Tomb”,
“Mausoleum”, “Vault”, “Catacomb” fashion lost race of (America)in this still
legal state of massive Fraud, Non-disclosure and “Judicial Fraud” to continual
grand scheme of things for
($$$)
“White Only” “Unjust enrichment of taxes” in this ongoing “False Imprisonment”
from the exact dates of (August 20th) 1619 to go furtherance’s onward in a
“Hostile Murderous Slave Régime” fashion after 1865 “Civil War”
The
13th Amendment to the Constitution declared that
"Neither
slavery nor involuntary servitude, except as a punishment for crime whereof the
party shall have been duly convicted,
Shall
exist within the United States, or any place subject to their jurisdiction.
“Formally
abolishing slavery in the United States, into future date of February 7th 2013
against the “Civil Rights”, “Peace”, “Will”, and Absolutely “Dignity” and
“Humane
existences rights of life” on “Earth” of “We Thee continual 2015-2099 1000%
Abused (American) “Negro Race Pursuant forever to “Dred Scott” Vs. Sandford, 60
U.S. 393 (1857)
59.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
cause of action as follows:
Third
Party The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al, Third Party (Corporations) and “Chief Defendant(s) “United States of America et
al” in continual scams since August 20th 1619 and all The profits of
the Federal Reserve System, and business thereof from the exact dates of
The
New York Fed opened for business under the leadership of Benjamin Strong, Jr. ,
previously president of the Bankers Trust Company, on November 16, 1914 –
December 30th 2016 past, present and future,
“Third
Party” The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al, Third Party (Corporations) and “Chief Defendant(s) “United States of America et
al” 100% engaged in
Mutable
of “counts of violation of “The Racketeer Influenced and Corrupt Organization
Act” know to be (RICO) pursuant to direct Violation of the Deep Dark ages “Chief
Defendant” (United States of America et al) Very own on rules of Governing
laws, set by their very own “Congress” namely the
U.S. Code, Title 18, Part I, chapter 96, §
1961, section
Federal
Racketeer Influenced and Corrupt Organization (RICO)....of a nature involving,
Financing, Funding, endow, subside, “The Infamous” Knights of The Klu Klux
Klan, enforcement of a “Slavery Servitude” in this direct money laundering
statutes, 18 U.S.C. 1956 and 1957, scheme of things, ”,
By
the Deep Dark ages “Chief Defendant” (United States of America) herein against
an establishment of their very own on ”Criminal Code” rules of Governing laws, set out by their
very own “Congress”, “Slavery Servitude” money laundering statutes, RICO
statute (18 U.S.C. § 1961(1)). .... Money laundering statutes,
1581-1592
(relating to peonage, slavery, and trafficking thereafter (1961) in a (RICO)
scheme racket and continual (Collectively) conspirer exactly from 1961
thereafter additional (52) years - February 7, 2013 to defraud, in monetary
value for services already render under forced “Slavery Servitude”
60.
Pursuant to Dred Scott v. Sandford, 60 U.S.
393 (1857), We Thee abused Negro race “Veteran PLANTIFFS” and other 44.5 “Millions
of Negro race similar herein having never no legal standing in fair
Judicial
Proceeding before the Deep Dark ages chief defendant (United States of America)
herein very own on “Jurisdictions” in regards for compensation being made for
past, and present acts of Forced Slavery Servitude”,
By
ongoing criminal continual “Slave Regime” actions from precisely engaged by “Third
Party” in 2016 The Federal Reserve Bank et al , The Federal Reserve System et
al ,The Federal Reserve et al ,The Fed et al “Chief Defendant(s) “United States
of America et al” engaged in
Conspire
on or about 1913-Feburary 7th 2099 with the Deep Dark ages Defendant (United States of America) among others “Third
Parties” White Only” in continual obsession for “unjust enrichment”, against
PLANTIFFS taxes among other scams
And
maintain such control 1619-1865 there
after gaining such “unjust enrichment”, by the Deep Dark ages “Chief Defendant”
(United States of America) herein establishment of their very own on ”Criminal
Code” rules of Governing laws, set out
by their very own “Crooked White Only Congress” scamming, plundering and
running a
(RICO) The Racketeer Influenced and Corrupt
Organization Act “Racket” as was drafted and executed by said the Deep Dark
ages “Chief Defendant” (United States of America) herein namely the
U.S.
Code, Title 18, Part I, chapter 96, § 1961, section 1581-1592 (relating to
peonage, slavery, and trafficking thereafter (1961) direct against the Peace,
Will, Dignity and wellbeing of “We Thee Continual Abused Negro Race Veteran
PLANTIFFS” and other 44.5 Millions of Negro Race similarly the same DNA since August
20th 1619-2099
61.
Third
Party, The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al , Third Party (Corporations) and “Chief
Defendant(s) United States of America et al” engaged in
This “Grand Scheme of “White Only” forever
Lynching invite from the spoiled bootleg liqueur Drunken prosperity in now the
Official
(Civilization) claim date of 2016-2099 Twisted Never ending (RICO) ongoing
“Slave Régime” as “White Only” forever of the “Deep Dark Ages Defendant
“United
States of America” et al “Whites Only” best interest herein absolute 1000% heel
bent on conspired in their “Fraudulent Concealment” scheme of things (Defendant)
United States of America et al, Breaching their very own Fiduciary Duty, to insure, and secured (Against) all
prevision of From the exact date of
Twisted
Corrupted 13th Amendment
The
13th Amendment to the Constitution declared that
"Neither
slavery nor involuntary servitude, except as a punishment for crime whereof the
party shall have been duly convicted,
Shall
exist within the United States,
Or any
place subject to their jurisdiction.
“Formally
abolishing slavery in the United States, the 13th Amendment was passed by the
Congress on January 31, 1865, and ratified by the states on December 6,
1865.
And
furtherance’s said Chief Defendant “United States of America et al breaching their
legal own Fiduciary Duty, involving
The 14th Amendment to the Constitution which
was ratified on July 9, 1868, and claim granted citizenship to
“All
persons born or naturalized in the United States,” which included former slaves
recently freed.
In
addition, it forbids states from denying any person "life, liberty or
property, With-out due process of law" or to "deny to any person
within its jurisdiction the equal protection of the laws.”
When
in all official legal “factual circumstances” Until February 7, 2013, some
(148) years Criminally Conspire later the Deep Dark ages Defendant herein (United
States of America) very own on “Jurisdictions” namely
The state of
“Mississippi America” had never submitted
the
required documentation to ratify the Thirteenth Amendment,
62.
By
ongoing criminal continual (RICO) 1619 – 2016 (December) “Slave Regime” actions
from precisely “Third Party” The Federal Reserve Bank et al , The Federal
Reserve System et al ,The Federal Reserve et al ,The Fed et al, “Third Party”
(Corporations) and “Chief Defendant(s) United States of America et al” engaged
in
Conspire,
concert of actions on or about 1913-Feburary 7th 2013 with the Deep Dark ages
“Defendant (United States of America)
among others “Third Parties” White Only in continual obsession for “unjust
enrichment”, direct at PLANTIFFS monetary taxes
Meaning “Third Party” The Federal Reserve Bank
et al , The Federal Reserve System et al ,The Federal Reserve et al ,The Fed et
al, “Third Party” (Corporations) and “Chief Defendant(s) “United States of
America et al” engaged in further conspire against
“Veteran PLANTIFFS” and others DNA 44.5 Negro
Race in the same in this criminal abduction of PLANTIFFS in a false
imprisonment 2016 ongoing (RICO)
enterprise scheme of things whereby the
Chief
Defendant “United States of America” et al Thirteenth Amendment, it never
officially had abolished slavery of the “PLANTIFFS” herein thus not freeing
slaves within the Jurisdiction of “United States of America until February 7,
2013, in direct conspire actions with
“Third
Party” The Federal Reserve Bank et al , The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al and “Third Party” (Corporations) being identified
as “Chief Defendant(s) et al” in additional “Complaint”
Which
thereby no enforcement, honor and validity of the Deep Dark ages “Chief
Defendant” (United States of America et al) very own on “Jurisdictions”
governing rules of laws, securing the ‘life”, peace, will, dignity, and personal
property, monetary taxes of we thee “Abused”
Negro race PLANTIFFS” herein whom already
suffrages “Slavery Servitude”, from August 20th 1619- claim free date of 1865,
(246) years already forced “Slavery
Servitude”, by
The
“Deep Dark Ages” Defendant “United States of America” herein 100% provide their
“Third Party” The Federal Reserve Bank et al , The Federal Reserve System et al
,The Federal Reserve et al ,The Fed et al in concert with there “Third Party”
“White
Controlling Class”, official 1000% slave owner(s) of Plantations, industries,
business, companies, corporations, shipping, raw materials, rail roads,
Main
infrastructure power grid, agency, private/public social infrastructure jointly from exploitation of said Free Force
“Slave Labor” enterprise for “Unjust enrichment” 1619-December 7th 2013
Engaged
collectively as a “Unit”
For unjust enrichment”, in declaration for
Prosperity “Dred Scott”, Not Human Free Entity, but the
Property of “White Controlling Class”, slave
owner(s) of
Plantations,
industries, business, companies, corporations, agency, private/public social
infrastructure jointly from exploitation profits off said Slave Labor in this
“Grand
1619-2099 Twisted Never ending ongoing “Slave Régime”, collectively in
collusion with (Defendant) “United States Supreme Court” engaged in
“Obstruction of Justice”, Pursuant to Dred Scott v. Sandford, 60 U.S. 393
(1857), against “Human Rights Violations” fully 1000% derived thereof, in
Fraud, Non-disclosure, deceptive governmental
laws, False and misleading fraudulent misrepresentations of “Good Faith” and
“Fair Dealing” Violation of the Deep Dark ages Defendant (United States of
America) very own on rules of Governing laws, set by their very own “Crooked Congress
as stated in Article I describes the design of the Deep Dark ages Defendant
(United States of America) herein “Legislative
Branch of governing rules of laws by Congress
Section
9.
No
money shall be drawn from the treasury, but in consequence of appropriations
made by law; And a regular statement and account of receipts and expenditures
of all public money shall be published from time to time. In conspicery now
from 1913 – 2099 with
Chief
Defendants collectively herein The Federal Reserve Bank et al , The Federal
Reserve System et al ,The Federal Reserve et al ,The Fed et al
63.
As
“We Thee Abused (American) “Negro Race” “PLANTIFFS” as stated… Demand for
direct accounting in all expenditures of all public money being published from
time to time for the official 1865 “Government sponsored
“Knights”
of the “Klu Klux Klan”, being forever public money of (Negro) race taxes not
officially divulged, kept hidden secrete records and fully we (Negro) abused
race, Having no legal standing in a (American) Federal Court of law to question
“White
Only” Constitution in regards to our “Negro” race official years of “monetary
taxes” being 1000% misused to fully funded, finance, our very own “Destruction”
in being lynch, kidnapped, living in slums, and hostility whipped, slap, And
kicked for being said substandard (Negro) deplorable race by said “Secret White
controlling pure Innocents society”
Cleary the Deep Dark ages Defendant (United
States of America) herein being forever criminally neglecting in 1000 and 100%
producing such, 1913-2016 “Knights” of the “Klu Klux Klan”, government
sponsored payment in full to thee Para-Military “KKK” to further (RICO)
enterprise in
“Plundering “Mutable of “thousands upon
thousands” counts of “Assault , “Battery”, “Infliction of Bodily Injury” ,
“Offensive Physical Contact”, “Threat of Bodily Contact”, “Fraud” and “Fraudulent Nondisclosure” leading to
“Wrongful Death”, Rev. Doctor Martin Luther
King, Jr., as well as massive “Theft of Property”, “Invasion of Privacy” “Tortious Interference
with Prospective Relationship”, “Obstruction of Justice”, “Defamation”, “Spoliation of Evidence”, “Conversion” , Denaturalization
of 44.5 Millions of PLANTIFFS Citizenship, in this “False Imprisonment August
20th 1619 -2099”,
(Murderous) acts and actions of the (KKK) and
the Chief Defendant(s) United States of America et al of such expenditures
records, being in direct violation of their very own rules of governing laws in
such production of documents
Pursuant
to Article I, section 9
“A regular statement and account of receipts
and expenditures of all NEGRO PLANTIFFS” public money shall be published from
time to time.”
64.
“Plaintiffs
Slaves et al”
Further
appearances Affirm, State and fully declare all allegation, contention,
disputes, disputation, argument, conflict and disharmony, fully furtherance’s
cause of action as follows:
Third
Party The Federal Reserve Bank et al, The Federal Reserve System et al ,The
Federal Reserve et al ,The Fed et al , Third Party (Corporations) and “Chief
Defendant(s) “United States of America et al” and “Third Party” Namely “ United
States of America” et al,
Knights
of “The Klu Klux Klansmen”, being 100% (Owners) of all “Third Party”, “White
Controlling Class”, official 1000% slave owner(s) of Plantations, industries,
business, companies, corporations, shipping, raw materials, rail roads,
Main
infrastructure power grid, agency, private/public social infrastructure jointly
from exploitation of said Free Force
“PLANTIFFFS”
herein Descendant(s) past, and “PLANTIFFS” herein present, future “Slave Labor”
enterprise for “Unjust enrichment” from 1913 – February 7th 2013
Engaged
collectively as a “Unit”
The
Racketeer Influenced and Corrupt Organizations Act, (RICO) extravagant “White
Only” Supremacy lifestyle in massive excess of 1000 Trillion, 900 U.S. Billion
dollar since August 20th 1619 (RICO)
Grew well
now in 1913 into a monetary banking (RICO) hidden Ponzi scheme, intentionally, by
None Negro Race Americans “PLANTIFFS”
herein to hold a (RICO) Banking enterprise Fraudulent scheming in this “White
Only”
Grand
elite “Private Monopoly” and set interest rates for a continual never ending “Tortious
Interference with all economic growth of all
“PLANTIFFFS”
herein Descendant(s) past, and “PLANTIFFS” herein present, future always never
ending “Legal Negro false “Slave Labor” enterprise for
“Unjust enrichment” from 1913 – February 7th
2099
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