The History Of Money And The Federal Reserve

A partial  audit of the Federal reserve revealed they have issued bailout money (at the expense of the American taxpayer) without knowledge or consent from the American people or Congress.  How is it even a remote possibility to believe we can balance the budget as long as this is allowed?

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 (chickens, cows, shells, precious metals,  ext…things anyone had access to. No one held a monopoly on the money source…. “free market capitalism”)

But it made for an 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 (we are now taxed on our labor…the income tax). But the catch was this:  they could not pay for it with bartering (things like cows, chickens and precious metals…things that anyone had access to if they were willing to work for it.) they must pay their taxes by money that only the British and Dutch central banks could issue (Much like the Federal Reserve issues today, it is something only a handful of elitists have control of, and power to issue.  )

The plan worked brilliantlyCrony Capitalism was born.  People who would not be loyal to the plantation owners must now work for them to obtain this solely central bank  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).  They openly spoke about their plan in the news papers:  http://paperspast.natlib.govt.nz/cgi-bin/paperspast?a=d&d=THD18840522.2.31

federal reserve slavery When I point out how The Federal Reserve holds a monopoly on our money supply, and that we work for the Federal Reserve and the IRS (taxation without representation), I am asked this question: “What do you want to do, Roma, trade clam shells and chickens?”  That is a good question, and here is one of the many answers.

(1) There is no conclusive evidence that JFKs Executive Order 11110 had anything to do with his Assignation….what he wrote is significant though.

“On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of it’s power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve…………. (something the U.S. did before the Federal Reserve and IRS were created in 1913).

Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.

You can read more here (a link to the text of the bill is included.) http://www.examiner.com/article/executive-order-11110-and-the-jfk-assassination-question

Some States are legally using nullification to bring back a value based currency.  One can read more about that at this link:  http://www.forbes.com/sites/greatspeculations/2011/07/28/a-gold-standard-that-makes-sense-in-utah/

Brief History Of The Federal Reserve:

  • The story of Central Banks  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.
  • These early banks were on the gold standard.  The last vestiges of the gold standard disappeared in 1971. Many of the conditions that made the gold standard so successful vanished in 1914. (the Progressive President, Woodrow Wilson )
  • 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 root you out, and by the grace of  the Eternal God, will root you out.”

  • And he did root the 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.

woosrow wilson federal reservew

  • 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 more power the Federal Reserve, World Trade Organization and The International Monetary Fund  get the more they want, and they don’t mind putting it in writing:

http://www.imf.org/external/pubs/ft/fandd/2007/12/boughton.htm

http://www.wto.org/english/news_e/sppl_e/sppl12_e.htm

http://www.businessinsider.com/henry-blodget-guess-whos-paying-for-that-greece-bailout-thats-right-you-2010-5

Update: (1) The Federal Reserve has recently morphed, and is calling itself the world Bank.  To find out what its current goals are, you will want to read this article: “The United Nations Is Taxing The 1%: You.”

(2) Biblical economics cartoon

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About Roma Cox

Education has always been my passion, and I am blessed beyond measure to be allowed to serve in this way. We offer many educational products and school supplies, information, workshops, news letters, tutoring services, volunteer work, and free consultations. Roma can be reached at (904)317-5330 from 9:00 A.M. to 5:00 P.M. EST-U.S.
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