Before Central Banks

 

Our Founding Fathers referred to what we now call the Federal Reserve as the Central Bank.

 

In ancient times most lived off their land producing food while others produced  goods and services.  They had no need for money because they  bartered between each other (cows, chickens, ext.)

 

But it made for a unreliable labor force because most people preferred to work for themselves, and had little need to work for others on a permanent basis.  The British and Dutch, in need of a labor force on their plantations located in various Colonies,  concocted a brilliant plan.  Folks, they decided to tax those "free roamers" for their land. But the catch was this:  they could not pay for it with bartering (things like cows and chickens) they must pay their taxes by money that only the British and Dutch Governments could issue (Much like the Federal Reserve issues today).

 

The plan worked brilliantly.  People who would not be loyal to the plantation owners must now work for them to obtain this solely government issued money just to keep their own land.    Andrew Jackson was so against the Central Banks that he referred to them as a "den of thieves" (but more on this below)

 

One can read more about this form the 1800's  documents

http://paperspast.natlib.govt.nz/cgi-bin/paperspast?a=d&d=THD18...

 

http://www.google.com/search?client=firefox-a&rls=org.mozilla%3...

 

Brief History Of The Federal Reserve:

  • The story of central banking goes back at least to the seventeenth century, to the founding of the first institution recognized as a central bank, the Swedish Riksbank. Established in 1668 as a joint stock bank, it was chartered to lend the government funds and to act as a clearing house for commerce. A few decades later (1694), the most famous central bank of the era, the Bank of England,
  • While these early central banks helped fund the government’s debt, they were also private entities that engaged in banking activities. Because they held the deposits of other banks, they came to serve as banks for bankers, facilitating transactions between banks or providing other banking services. They became the repository for most banks in the banking system because of their large reserves and extensive networks of correspondent banks.
  • The U.S. experience was most interesting. It had two central banks in the early nineteenth century, the Bank of the United States (1791–1811) and a second Bank of the United States (1816–1836). Both were set up on the model of the Bank of England, but unlike the British, Americans bore a deep-seated distrust of any concentration of financial power in general, and of central banks in particular, so that in each case, the charters were not renewed.
  • Andrew Jackson, who became president in 1828, was determined to end the power of the central bankers over the United States. He made the following statements:
“It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of this bank are held by foreigners… is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? … Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence… would be more formidable and dangerous than a military power of the enemy.”

"You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out."
  • And he did root them out in 1836. But they returned under Woodrow Wilson in what is now called the Federal Reserve.
  • In 1835, President Jackson completely paid off the U.S. national debt.  He is the only U.S. president that has ever been able to accomplish this.
  • Richard Lawrence attempted to shoot Andrew Jackson, but he survived.  It is alleged that Lawrence said that “wealthy people in Europe” had put him up to it.

 

  • James A. Garfield became president in 1881, and he was a staunch opponent of the banking powers.  In 1881 he said the following….
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
  • President Garfield was shot about two weeks later by Charles J. Guiteau on July 2nd, 1881.  He died from medical complications on September 19th, 1881.
  • In 1914 the Federal Reserve (New Name For Central Bank...if people don't like it, just change the name) opened for business again under Woodrow Wilson.  Note: even though it has the word "Federal" in it's name, it is not part of the Federal Government...it is privately owned by International Bank Cartels.
  • One of the key players in the creation of the Federal Reserve was Mayer Armshel Rothschild.  He made the following statement:
"Give me control of a nations money supply, and I care not who makes it’s laws"

The Federal Reserve is a staunch supporter of Keynesian Economics which basically believes that "debt is money". The difference between Keynesian and Austrian Economics is explained in the following video:

 


It is interesting to note that presidents who opposed the Federal Reserve have been assassinated.  There has never been any proof that their deaths were related to their opposition, but it has given rise to many conspiracy theories . 

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Comment by LOTTO NICK ! on October 28, 2011 at 4:03pm
Well we all need to defeat the wicked witch and JUST FOLLOW THE YELLOW BRICK ROAD by using OUR strength , wisdom and HEART as a group ....THE TEA PARTY....AND TEAR DOWN THE CURTAIN OF THE WIZARD AND EXPOSE THE IMPOSTERS  !!!!
Comment by Karen M on October 28, 2011 at 3:34pm
Would LOVE to see that happen.  Look what happen to J. Kennedy(died) and R. Reagan(shot).  Anyone who goes against the FED will BE put down.
Comment by LOTTO NICK ! on October 28, 2011 at 2:51pm

PLEASE WATCH THIS .This is long so but you need to know the guy who wrote the wizard of oz was trying to get rid of the FED IN 1913.He was beaten down by the politicians for the fed.He wrote the book of oz.The FED IS THE WIZARD BEHIND THE CURTAIN PULLING THE STRINGS AND IS A PHONY.THE SECRET IS SILVER IN DORTHY'S SHOES AND THE SCARECROW,TIN MAN AND LION ARE THE AMERICAN PEOPLE WHO ALWAYS HAD KNOWLEDGE ,COURAGE AND STRENGTH BUT FORGOT THEY HAD IT.PLEASE WATCH IT AND PASS IT ON.

GIVE CONGRESS BACK THE MONETARY CONTROL AND PUT THE DOLLAR BACK ON THE SILVER BACKED SYSTEM.WE WOULD ELIMINATE ALL DEBIT.


Comment by JL Gawlik on June 11, 2011 at 12:13pm
Found another interesting document at:

http://www.dailypaul.com/138304/federal-reserve-charter

The post:

Here's the original 1913 Federal Reserve Act on pdf.

Submitted by Brit4RonPaul on Sat, 07/24/2010 - 18:44.

http://www.llsdc.org/attachments/files/105/FRA-LH-PL63-43.pdf

Its 31 pages long. I haven't examined it closely. I also don't know how subsequent legislation has affected it.

 

I have down loaded but have yet to read it all the way through.

Comment by JL Gawlik on June 11, 2011 at 11:58am
Comment by JL Gawlik on June 11, 2011 at 11:57am

Roma, President Kennedy was assassinated in 1963, his brother Robert in 1968.

 

Interesting about the 100 year old Charter, I found this and downloaded the complete PDF, i have yet to read the whole of, although in the first few pages, it lists many additions that were added to the Federal Reserve over the decades:

http://www.federalreserve.gov/pf/pf.htm

Comment by Roma and Tom on June 11, 2011 at 6:16am

Kelly, You are correct  about Kennedy

Executive Order 11110: On June 4, 1963 President Kennedy signed this virtually unknown Presidential decree, which, as an amendment to Executive Order 10289, delegated the authority to issue silver certificates (notes convertible to silver on demand) to the Secretary of the Treasury. Some conspiracy theorists believe this executive order was the cause of President Kennedy's assassination.

http://www.jfklibrary.org/Research/Ready-Reference/JFK-Miscellaneou...  

 

On November 22, 1969 he was assassinated, and I was a senior in high school.  Several people say they saw or heard a second shooter located on "the grassy knoll",  but authorities kept dismissing this. 

 

As For the Federal reserve charter, it is all over the internet that it ends on Dec 21 2012 (the same day the Mayan Calender  ends and predicts major changes), but I can find no confirmation of this.  If it were true, I believe Ron Paul would be stating something about it.

Comment by Kelly Sisson on June 10, 2011 at 11:00pm
Wilson gave the federal reserve bank a 100 year old charter if I am not mistaken and that charter is about to expire...........raise the debt ceiling right or what? I heard that JFK was also going to go after the Fed reserve banking.
Comment by Roma and Tom on June 10, 2011 at 6:05pm

I have been keeping up with news from Argentina.   In 2001 Argentina suffered an economic collapse as international factories pulled out for cheaper labor elsewhere (IMF Policies). People who once ate in fancy restaurants found themselves eating out of dumpsters to survive.

 

The industrious people of that devastated Country did not wait around for the government to rescue them.   The out of work factory workers moved into the abandoned gutted buildings, and began manufacturing products as the new owners/ workers.  However  the previous business owners commissioned the government to oust them by gunpoint and tear gas.

 

Now "Bartering Clubs" have popped up all over the Country, and appear to be the answer for the Argentinians.  Here is an article on this creative idea:

http://ipsnews.net/news.asp?idnews=46452

Comment by Roma and Tom on June 10, 2011 at 2:50pm
Thank you JL.  I think most people are smart enough to figure things out if given the facts.

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