Debt-Slavery by Design: Unmasking the Federal Reserve and the Truth About Money

 

“All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation” - John Adams

The money supply is not owned or controlled by America, it's government, or citizens but a small number of private owners, The Federal Reserve and it's owners and board members to be specific. This is a private institution that creates money out of debt. This means that the Fed, in effect, makes money out of thin air, lends it to the American government (and people) and requires that this money be paid back with interest. This is compounded by fractional-reserve banking which further debases the American currency--through inflation--everytime more money is “printed.”

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It doesn’t seem fair or possible that these banking institutions can create money out of nothing, but indeed, that is how it works. This causes debt-slavery or debt-bondage; because there is no way to pay back the original amount of created money, plus interest, with only the original created money. If an entity has control over the cost of an individual's house payment, how much their money is worth, or what their risk-reward ratio is for lending (i.e. credit score); that is all the control needed in order to keep an individual or group subservient.

"Debt is the slavery of the free." - Publilius Syrus 

"“There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.” - John Adams

See Money As Debt: Fiat Currency, Inflation, Slavery, and Human Farming for more!

Proponents and Protectionist of the current monetary and banking system (which is a central banking system) will claim that this is an incentive for economic growth because as long as the bank spends the interest it will be re-filtered back into society bringing a apparent never ending cycle of infinite production… although we live in a finite world.

"I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas Jefferson

The real fact of the matter is that the necessity of a central bank has been a heated debate in American history. The first Central Bank was established by Alexander Hamilton and was called The First Bank of the United States. It had a twenty year charter, which never got renewed due to President Thomas Jefferson (Hamilton’s most avid political rival).  

Then, The Second Bank of the United States was instituted by James Madison to pay for the War of 1812. Again the bank was never re-chartered thanks to Andrew Jackson and his relentless struggle against congress and the bankers. It was a hard-fought battle for Jackson because the bank purposefully created an economic panic by raising interest rates, freezing loans, and blaming Jackson for the problem. Indeed, when Jackson was asked about his greatest accomplishment he responded "I killed the bank!"

“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! 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.” - Andrew Jackson 

"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 it's issuance." — James Madison

"I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements." - Milton Friedman

The third central bank, the Federal Reserve, was signed into law after what was (for all extensive purposes) a secret session of congress. On December 23^rd 1913 after most of congress had went home for the holidays, Woodrow Wilson signed the Federal Reserve Act into law. President Wilson would later regret the act saying:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” - Woodrow Wilson 

Today we have an uncharted private bank that is lending every single dollar they create to the American public on interest!  

 

Every generation needs a new revolution - Thomas Jefferson 

Most sensible Americans find the Fed to be a fleecing of Citizen wealth through inflation. When the cost of food, energy, electricity, gas, milk, etc. goes up due to inflation and real wages stay the same it becomes harder and harder to live because those same goods will cost more while wages stagnate. Constant inflation, infinite growth, and a debt-based fiat currency are serious treats to America’s economic vitality. Which is why Thomas Jefferson’s argument was that: no were in the constitution does it give authority to congress to charter a bank, let alone allow it an official monetary hegemony. 

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"Give me control of a nation's money and I care not who makes her laws." - Mayer Amschel Rothschild 

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their father conquered.” - Thomas Jefferson

“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.” – Henry Ford

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Other Related blog(s): The SocioEconomic Market, Lyceum Recordz