- Pacific
Federal Reserve Corporation Hoax
"All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation." - John Adams in a letter to Thomas Jefferson.
The Federal
Reserve Corporation (FRC) is a private corporation owned by several foreign banks
and a few domestic banks. The stock is not traded and the unwashed masses cannot purchase
it.
The Federal Reserve Corporation creates Federal Reserve (Corp.) notes
mistakenly called “dollars” out of thin air. The FRC and its member banks loan
credit to individuals, businesses and to government which they charge interest.
The United States
Treasury gives the FRC Treasury bonds, notes and bills which are purchased by
investors. The United States Corporation (Treasury) is then obligated to redeem these
febts instruments at face value plus
interest. Once FRC receives the bonds from the Treasury it gives the Treasury permission
to print Federal Reserve notes (dollars). The Treasury then spends the FR notes. The FRC
can then lend out FR notes to its member banks and other banks at interest based on the
collateral of the bonds that were given to it by the Treasury. Its member banks and other
banks then lend money to corporations, companies and individuals. Virtually all currency
in the United States comes into circulation through this lending process. When the
corporations companies and individuals pay the interest on their loans the money they use
to pay the interest must come from another corporation, company or individual who borrowed
money. This system demands an everending creation of more FR notes (money) to keep it
going. If new FR notes are not created on a regular basis the Federal Reserve Corporation
would eventually own everything in America. Corporations, companies and individuals would
have to sell what they own to pay interest on their loan(s). The system in place in
America is a financial cannibalistic system in which the elite take what they want and the
unwashed masses become their slaves.
The United States
Mint prints and coins the currency of the United States. The Mint prints the
millions of bills of all denominations and sells them to the FED at its cost of production
(approximately 3Ç each) which, in turn, issues them to the banking system at their face value. Only a very small fraction of
the money in circulation is in the form of paper currency or coins; the vast majority is
in the form of book entries and
is transferred electronically or by check.
Through this system the FED has no debt while the United States Treasury and many States and local governments are foundering on debt.
The term “money” is not defined in the Constitution for the United States;
however, several of the clauses in the US Constitution that mention money are:
Article I, Section 8, Clause 2. The Congress shall have Power…To borrow Money on the
credit of the United States. [Editor’s note - A BIG MISTAKE]
Article I, Section 8, Clause 5. The Congress shall have Power…To coin Money, regulate
the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.[Ed.
note - If the Congress has the power to coin Money why should it borrow Money?]
Article I, Section 8, Clause 6. The Congress shall have Power…To provide for the
Punishment of counterfeiting the Securities and current Coin of the United States.
Article I, Section 9, Clause 7. No Money shall be drawn from the Treasury, but in
Consequence of Appropriations made by Law.
Article I, Section 10, Clause 1. No State shall…coin Money; emit Bills of Credit;
make any Thing but gold and silver Coin
a Tender in Payment of Debt.
The Founder’s understanding of the authority for the creation of
money was stated in Blackstone's Commentaries
on the Laws of England as follows: “The coining of money is in all states the
act of the sovereign power”.
In the United States, the sovereign power is vested in the People, who
established their State governments which, in turn, drew up a contract between themselves
- the Constitution for the United States of
America - by which certain powers were delegated to the federal government, among
them those stated above. Federal powers were further restricted by the adoption of the
first ten amendments, known as the Bill of
Rights. At Amendment Article IX, “The enumeration in the Constitution, of
certain rights, shall not be construed to deny or disparage others retained by the
people.” and at Amendment Article X, “The powers not delegated to the United
States by the Constitution, nor prohibited by it to the States, are reserved to the States
respectively, or to the people.”
Nowhere in the Constitution is the Congress authorized to re-delegate
any of its delegated powers to any other entity. Since the sovereignty resides in the
people, the issue of the Medium of Exchange,
that is, the Money, belongs to the people who have delegated that authority to their
representatives, the Congress.
The solution to "All the perplexities, confusion and distresses in
America” recognized by Adams, that we are experiencing today, should become obvious.
Now the banks create the medium of exchange and loan it at interest to the government,
creating perpetual debt and ultimate bankruptcy.
We must reverse the process. The medium of exchange (money) must be
created by the government for the benefit of the people and loaned at a fee to the banks,
and to the States and local governments, and spent into circulation for the legitimate
expenses of the government. The issue then becomes a technical problem of balancing the
inflow of money to meet the needs of the productive
capacity of the people through their conversion of resources into useful products
and commodities.
The accompanying diagrams illustrate the processes - as it is now, and
how it should be.
As illustrated, this system would provide the funds necessary for full employment of resources, both natural
and human, with out inflation of the money
supply. There would be no need for a tax on the industry or labor of the people
since any excess in the money supply which might cause inflation, would be drawn off
through small duties and excises. Improvement in production efficiencies would
result in lowering of costs and rising of labor rates. The money supply would increase
with the natural increase in the population and the increase in physical output. Savings
would be invested in factors of production
to share in the generated profits since there would be no compounding of interest by the
banks, and there would be no benefit in speculation other than the risk of new ideas and
ventures becoming new industries. Funds for major purchases such as homes or autos would
be available at small fees to cover the cost of administration. There would be no need for
taxes on property of any kind, either real estate or the product of labor. Prosperity
would become a product of effort and ingenuity and not of speculative schemes, political
influence and greed
"To Achieve World
Government it is necessary to remove from the minds of men their individualism,
their loyalty to family traditions and national identification" Brock Chisholm - Director of the World Health Organization
"A society whose citizens refuse to see and investigate the facts, who refuse to
believe that their government and their media will routinely lie to them and fabricate a
reality contrary to verifiable facts, is a society that chooses and deserves the Police
State Dictatorship it's going to
get." Ian Williams Goddard
The fact is that "political correctness" is all about creating uniformity. Individualism is one of the biggest obstacles in the way of the New World Order. They want a public that is predictable and conditioned to do as it's told without asking questions.
"The two enemies of the people are criminals and government, so let us tie the second down with the chains of the Constitution so the second will not become the legalized version of the first." Thomas Jefferson