1913: The Year We Lost America
Towards the end of December in 1913, there were only a handful of Congressmen on the floor to vote on and pass the Federal Reserve Act, which was then signed by then President Wilson. You could have counted them on one hand. Most of Congress was out for the holiday break, and not due back until January. And that only left just a few to decide on the future of the country. He later regretted signing it, saying, "I have unwittingly ruined my country".
Over the next 20 years, the country was slowly going into bankruptcy. By 1928-29, banks were failing right and left, much like they are today. Back then, the money was backed by gold and silver....even on the paper money, it said this note is backed by gold and silver. Even though the Federal Reserve could have, it did nothing to stop the downhill spiral that was happening. By the 1930's, America was in the deepest depression it's ever known.
To get themselves out of a bind, they though FDR, in 1933 ordered the confiscation of gold and silver from the people. They then issued 'new money' in place of what the people had. This new money was no longer backed by gold or silver. And there was no mention of gold and silver on the new paper money notes. It was basically, IOU's from the Government. We still have that today. Essentionally, the money wasn't worth the paper it's printed on...and it's still not.
If we were to return to the Gold Standard, and have the money backed by gold and silver again, we could pay off our national debt in just a few years. Technically speaking, we are STILL a bankrupt nation....not heading towards, but we never got out of it from the 1930's!
The Federal Reserve is a PRIVATE banking system, and not connected in any way to the Government. It's profits come from the interests made on the loans it makes to other countries, and to our own Government. The Federal Reserve is Unconstitutional in the fact, that within the Constitution itself, it states the Government is the only one to make the money supply. And they stopped making money in 1913.
Over the years since, there have been people who were courageous enough to stand up and try to get rid of the Federal Reserve, none have been able to, a few have died trying. JFK's Executive Order #11110 to get rid of the Federal Reserve is still in effect. Congress either has over time, forgotten about it, or is unwilling to enforce it.
Sources:
JFK's Executive Order #11110
http://www.rense.com/general44/exec.htm
YouTube Video about The Federal Reserve
http://www.youtube.com/watch?v=iYZM58dulPE
About the Federal Reserve
http://www.zmag.org/znet/viewArticle/3649
Published by Madison Ogashi
I am a freelance writer. I enjoy writing on anything that catches my mood, if be short-stories, novels,or web-content articles. I write under the pen-name of Madison Ogashi. Here is my Twitter page: twitter... View profile
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7 Comments
Post a CommentGreat article. I totally agree. Keep on calling em out..Great work here.
More likely, unwilling to enforce it. Very nice. It's too bad our politicians are more interested in protecting their power and presitage over their country and what's best for all of us. They hope we won't notice things like this.
Very sad and very true. I hope it isn't too late.
The Order was never directly reversed. However, Section 1(j) of Executive Order 10289, which was added by Section 1(a) of Executive Order 11110, was revoked when Ronald Reagan signed Executive Order 12608 in 1987.[1]
Excellent work Madison. I have heard economic experts forward this same concept. It's amazing what we as Americans will tolerate and accept over time, isn't it? Some would argue that we are so far afield of the Constitution already, that there is no point in trying to adhere to it anymore, anyway. They are wrong. Didn't our folks tell us two wrongs don't make a right? Just 'cause Johnny jumps off the bridge is no reason for us to follow along? The ignorance and seeming acceptance by the American public is astounding. As Hitler said, "Good for leader's that their people do not think." (i paraphrased.)
wow real interesting!
Very well written and very interesting.