From the Mind of Abouna: TUESDAY LESSONS IN CIVICS-#11

“Just Hitting Another Brick Wall”

LESSONS IN CIVICS & THE CONSTITUTION – K
Part A

The Federal Reserve:

It was Paul Warburg who sold the American people on creating a Federal Reserve Bank, so that there wouldn’t be any more panics and depressions, and that they would even be able to even out the economy by controlling the money supply. Through this one act alone,

The American people lost their independence. Yes, you read that right. Giving control of our money supply and credit to a private banking cartel, by the name of the Federal Reserve, was the surrender of our independence.

Congress illegally and unconstitutionally* passed the Federal Reserve Act on December 23, 1913 wherein it made Federal Reserve Notes debt obligations to the United States, and authorized the Federal Reserve to be the issuers of these debt obligations. The Federal Reserve Act also stipulated that the interest on the debt (to the Federal Reserve as a maritime lender to the United States) was to be paid in gold. No provision was made in the Act for paying off the principle. There was also a proviso that the people had twenty years to challenge the Act. . .

NOTE: 1. Under the law of Nations, an action on Quo Warranto can be brought within twenty years. Quo Warranto, in this case, would be an action in the Court of Admiralty demanding “By whose Authority”, and proof of that authority, the Act was implemented.

2. “Public Policy” is part and parcel of the Law of Nations. The Act was never challenged in a court of proper jurisdiction (admiralty), most likely because anyone who wanted, or tried, to challenge it didn’t know how.

In the middle of the Great Depression, on June 20, 1932, Congressman Louis T. McFadden addressed the House of Representatives on this very subject. Rep. McFadden had previously served as president of the First National Bank of Canton, Pa.; and later served as chairman of the Committee on Banking and Currency. The following are some excerpts from his address:

“Some people think the Federal Reserve Banks are United States Government Institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit for themselves and their foreign customers;” “They should not have foisted that kind of currency, namely an asset currency, on the United States Government. They should not have the government liable on the private debts of individuals and corporations, and, least of all on the private debts of foreigners.”

“The Federal Reserve Notes, therefore, in form have some of the qualities of government paper money, but, in substance, are almost purely asset currencies, possessing a government guaranty against which contingency the government has made no provision whatever.” “Mr. Chairman, there is nothing like the Federal Reserve pool of confiscated bank deposits in the world. It is a public trough of American wealth…” “I see no reason why the American taxpayers should be hewers of wood and drawers of water for the European and Asiatic customers of the Federal Reserve Banks.”

“Is not it high time that we had an audit of the Federal Reserve Board and the Federal Reserve Banks and an examination of all our governments bonds and securities and public monies instead of allowing the corrupt and dishonest Federal Reserve Board and the Federal Reserve Banks to speculate with those securities and this cash in the notorious open discount market of New York City?” “Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the Government of the United States.” “Mr. Chairman, when the Federal Reserve Act was passed the people of the United States did not perceive that a world system was being set up here that the United States was to be lowered to the position of a coolie country… and was to supply financial power to an international super state – a super state controlled by international bankers and international industrialists acting together to enslave the World for their own pleasure.”

Congressman Wright Patman, of the House Banking and Currency Committee had this to say in 1952: “In fact there has never been an independent audit of any of the twelve banks of the Federal Reserve Board that has been filed with the Congress where a Member would have an opportunity to inspect it. The General Accounting Office does not have jurisdiction over the Federal Reserve.”

Why doesn’t the General Accounting Office of the United States have jurisdiction over the Federal Reserve to demand an accounting? Because, accountability of the Federal Reserve is NOT in the contract of the Federal Reserve Act, just as it was not in the contract of the George Rapp Society or tontine insurance policies. The Federal Reserve Act provides for accountability of “member banks,” but by definition, in the Act itself, the Federal Reserve Banks are not “member banks” and, therefore are exempt form accountability – by contract.

Note: * The passage of the federal Reserve Act, along with the Federal Income Tax Act, were both illegal and unconstitutional because the Constitution of the United States clearly states that in order for something to become an amendment, it takes two thirds of the States to ratify it. These two Acts were voted in on December 23, 1913 when the majority of Congress had gone home for the Christmas Holiday. Only three states were there to vote on it. Secondly , the whole Federal Reserve Act and System, along with the Federal Income Tax Act, were planned and executed in secret by a very few congressmen, rich international bankers and Corporate big wigs.