In a letter addressed to his wife Abigail, dated 5/12/1780, John Adams, the second president of the United States said; “I must study politics and war that my sons may have liberty to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce and agriculture in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry and porcelain.”
Surely Madison’s words are equally insightful as they are beautiful. The sentiment expressed is rich with the concept that life is about far more than merely living. Life must have purpose and there is more to the universe than the here and now. If we are to make a difference in this world, we must look to the long game. What will we leave for our progeny?
It was in December of 1913 that congress passed the Federal Reserve Bank Act….but there is nothing “federal” about it and there are no “reserves”. THE CREATURE FROM JEKYLL ISLAND by G. Edward Griffin, (subtitled; A Second Look at the Federal Reserve) is a masterpiece of research into the creation of the cartel that controls America’s money. Most Americans would be surprised to learn that which we carry in our wallets is not a Constitutionally defined dollar. In fact, it is a transfer of debt. In bookkeeping parlance a “note’ is a promise to pay. A debt. Read it. Right along the top of each bill are the words, “FEDERAL RESERVE NOTE”. One of America’s greatest problems is that myth has been accepted as history. Mr. Griffin does an excellent job exposing the truth of history. He also unveils some of the myths that surround money and our notions of how things work in the world of politics and international finance. I urge every American to read the book and ask, Do we really need a private international banking cartel controlling our money? I encourage all students of history to observe, manifest in our own time, the folly of fiat currency. Know that throughout human history, every single nation that fell for the allure of a debt based monetary system has suffered catastrophic failure.
As you read and learn about the FED, please keep in mind the following from the U.S. Constitution:
Article 1, of the United States Constitution enumerates the legislative powers assigned to congress. At Section 8, Clause 5 the document clearly states that, (“The congress shall have the power to…) coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measure. At Section 10, Clause 1 “No state shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque or Reprisal; coin money; emit bills of credit; make anything but gold and silver coin a tender in payment of debts, pass any Bill of Attainder, nor ex post facto law, or law impairing the obligation of contracts, or grant any Title of Nobility.”
Article 6, Clause 2 of the Constitution is very clear as to the document’s supremacy (known as the “the supremacy clause“) within the U.S. system of law.
Here is a link to a terrific article that explains the lawful definition of a dollar. It was at one time a specific measure of gold or silver. The link also explains the difference between a dollar and a Federal Reserve Note (FRN –what you have in your wallet now.) More by Dr. Vieira published nearly 2 decades ago in FEE offered by The Freeman.
It is the people of the United States who create wealth through their productive endeavors. It is their daily exchanges and interactions in commerce, the trading of value for value, that generates wealth. This activity raises the economic prosperity of all who are involved. Money is merely a medium of exchange. However, it is of paramount importance to understand that, money is the people’s money. The only money that government has is that which it extracts from the labor and capital of the people. Money is a representation of wealth and a method by which commerce is facilitated. Government does not own the individual. Neither does government own the fruits of our labor! Each and every individual has a finite number of days and years that make up his or her life. In that time we engage in activities to improve our station and pursue our chosen interests. The monetary policy of the United States should, therefore be of benefit to all of the people and not an enterprise of cronyism perpetuated for the benefit of corporations and their enablers in the legislative branches of government.
It is my opinion that the Federal Reserve Banking cartel is at the heart of America’s problems. A nation that does not control its own money can not control its destiny. It has been 100 years since the inception of the FED and in that time, the value of the dollar has plummeted, its purchasing power reduced by more than 90%. The wealth of the American people has been looted through the use of this fraudulent and usurious system. The history lessons to be gained from a century of debt based fiat monetary policy are monumental. Much of U.S. foreign policy during the 20th Century can be tied to the “masters of war” and other profiteers of destruction. Surely, it is time to reconsider the merits of such a system.
If we don’t challenge it now, our progeny will suffer the consequences. Do we not owe it to our heirs, as Madison eloquently articulated, to bequeath them a rich legacy in the arts, science and culture? Would it not be better for the future of humanity to prosper through respect for art and commerce rather than endless cycles of debt slavery and manipulation into war by an elite cartel?
There is a connection between the FED Act and the 16th Amendment (aka the so called “federal income tax”…but “income” is not what you may think!).
In this brief article by former Congressman Ron Paul, he explains the nexus between the Federal Reserve Act and the 16th Amendment (the so called “federal income tax”…but “income” is not at all what you think it is!). Perhaps in a future article I will delve into the nefarious tax code and how its agents often act outside the law as they enforce the unfair and unconstitutional IRS Code.