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Today, we witness the erosion of our dollar, the economy, and the retirement dreams of countless Americans. Why? In short, the government, and by extension, we the people, failed to hold them accountable to maintain control of our money’s coinage. Excellent resources on the inception of the Aldrich Plan and insights into the monetary system include “The Creature From Jekyll Island” by my friend G. Edward Griffin and “Fruit from a Poisonous Tree” by the late Melvin Stamper. Both are essential reads.
Most people are clueless about why they work so hard for so little and where money truly originates.
Do you truly understand the genesis of money and its repayment process? To illustrate, consider the creation of a $100 bill: The Fed prints it, bills the US Treasury $100 for the money, and then adds a 10% fee for its creation. That’s $110 in total. The Fed conjured this bill from thin air, levied a 10% fee for its creation, and then – here’s the kicker – charges the Treasury interest on the $110 in perpetuity.
Grasp the gravity of this super-simplified example. A private entity, with an alleged 13 shadowy owners, charges the treasury $110 for every $100 printed. The populace bears the perpetual burden of this debt. To compound this, the government permits the Fed to print more money to pay them their interest, leading to inflation and the dilution of every dollar in your wallet. This theft drives up costs, while wages never match the escalating cost of living. The root of inflation is squarely with the government. Until the masses understand how an unchecked government entrusted our money-printing power to a private entity and the damning costs it exacts on us, the struggle to get ahead will be impossible for most.
Henry Ford knew it, and he told us, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Returning to our founders and the Federalist Papers: they recognized the destruction of Central Banking. They foresaw the ramifications of countries relinquishing their currency to a select few outside of the government, making the government subservient to this elite group. Observe our present times. Do you genuinely believe the 535 members in the District of Criminals are so naive that they blindly send funds globally while our nation bleeds out? Certainly not. They have been given clear directives, and enough of them have complied, perpetuating this race to the bottom for Americans.
Here are a few quotes from the Federalist Papers and our founders:
Federalist No. 44 by James Madison:
“The right of coining money, which is here taken from the States, was left in their hands by the Confederation, as a concurrent right with that of Congress, under an exception in favor of the exclusive right of Congress to regulate the alloy and value.”
In this paper, Madison notes the necessity of Congress having the exclusive right to coin money to ensure a consistent and reliable currency throughout the nation, thus taking the power away from individual states.
Federalist No. 42 by James Madison:
“The regulation of weights and measures is transferred from the articles of Confederation, and is founded on like considerations with the preceding power of regulating coin.”
Here, Madison argues for a uniform standard of weights and measures, emphasizing the parallel between this standardization and the government’s role in regulating coinage.
Federalist No. 10 by James Madison:
“A rage for paper money, for an abolition of debts, for an equal division of property, or for any other improper or wicked project, will be less apt to pervade the whole body of the Union than a particular member of it.”
Madison acknowledges the dangers of unchecked paper money creation and potential financial policy extremes. Though he doesn’t delve into specifics about the federal role in money creation, he underscores the importance of having a unified, federal approach to prevent economic instability.
Federalist No. 44, James Madison:
Here, he touches upon the power given to Congress to coin money and the reasons for prohibiting the states from doing so:
“The extension of the prohibition to bills of credit must give pleasure to every citizen, in proportion to his love of justice and his knowledge of the true springs of public prosperity. The loss which America has sustained since the peace, from the pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government, constitutes an enormous debt against the States chargeable with this unadvised measure, which must long remain unsatisfied; or rather an accumulation of guilt, which can be expiated no otherwise than by a voluntary sacrifice on the altar of justice, of the power which has been the instrument of it.”
Here are a few of our founder’s warnings:
“And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”
“When the people find that they can vote themselves money, that will herald the end of the republic.”
“When you run in debt; you give to another power over your liberty.” Central banks, by controlling the nation’s money supply and creating debt, could indeed jeopardize our nation’s hard-won liberty.
“The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations.”
“Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.”
“The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
As you can see, folks, our founders knew what would happen if we turned over the power of the printing press to these bankers. They use our money to destroy us. People must wake up to these truths, or they will be destroyed by them. Look at the cost of living; do you think it’s going to go back down? Of course not. Now you know a bit more as to why, from the quotes of our founders above and two books that will fill in the rest of the blanks for you.
Article I, Section 8:
“The Congress shall have Power … To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”
Article I, Section 10:
“No State shall … coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.”
The Federal Reserve Act is unconstitutional and is destroying our Country, period.
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