Michael October - November

Yves Jacques

December 23rd, 2013 marks the 100th Anniver-

sary of the Federal Reserve Act; the forming of the

greatest financial power and control authority ever

in the hands of an oligarchy of a few international

banking families. The deception is that most people

believe that the Federal Reserve is part of the govern-

ment and that it has reserves somewhere. The truth

is that the United States Federal Reserve

is not fed-

eral and it has no reserves.

Though the American people like to believe that

we are a democratic nation, the Federal Reserve

System itself is far from being democratic. The Fed-

eral Reserve Board is unelected and is not

accountable to anyone. It controls and

claims ownership of, what should be,

the nation’s money supply, at the ser-

vice of the people for the common

good. Instead, there are private

owners of the central bank (the Fed-

eral Reserve), managing the econ-

omy of the nation and running the

financial system to their benefit.

According to Article 1 of the Con-

stitution, adopted in 1787, our Found-

ing Fathers stated:

“Congress shall have

the Power To Coin Money and Regulate the

Value Thereof.”

It was the intent of the Founding Fathers that

the power to create and control the money be in

the hands of the Federal Congress, not in the hands

of private bankers, who could charge enormous

amounts of interest, and then actually control the

country by controlling its currency. It was the Euro-

pean banker, Mayer Anselm Rothschild (1744 -1812),

who once said:

“Permit me to issue and control the

money of a nation, and I care not who makes its

laws...”

Our founding fathers understood the tricks of

the bankers. It was their belief that the national gov-

ernment must be the only creator of money for the

good of the public.

“Creating” Money Out of Nothing

We should also clarify the term “create”. When

we use this term, we refer to the process used when

bringing money into existence. Money is nothing but

numbers, be it numbers in a ledger book, on checks,

or dollar bills. Using this process most banks are

legally allowed to lend out up to 50 times what they

have on deposit, creating the money out of nothing

and then charging interest on it. Banks create the

principal but do not create the interest to service

these loans. The bankers create money out of noth-

ing by simply writing numbers in their ledger books

and then giving this money to the American people

in the form of loans.

This allows us to write checks based on the num-

bers written in our accounts, but then requires pay-

ment with interest. The result of this is a shortage of

money in circulation, leading to a continuous need

for borrowing more money and causing the continual

increase in the National Debt.

The Federal Government Debt

The United States has plunged itself ter-

ribly into debt since the Federal Reserve

Act was passed in 1913. Before this, the

federal debt was $1 billion, or $12.40

per citizen. State and local debts were

practically non-existent.

By 1920, after only 6 years of

Federal Reserve “shenanigans”, the

federal debt had jumped to $24 bil-

lion, or $228 per person.

In 1960 the federal debt reached

$284 billion, or $1,575 per citizen, and

state and local debt was mushrooming.

By 1981 the federal debt exceeded $1

trillion, and was growing exponentially, as a result

of the bankers having tripled the interest rates. State

and local debts were more than the federal debt, and

with business and personal debts, the total reached

well over $6 trillion. That is 3 times the value of all

land and buildings in America !

In October 2005, the federal debt alone

reached the $8 trillion mark ($26,672 for each U.S.

citizen).

Before the financial crisis of 2008 the Public

Debt in the United States was $9,340,497,105,319.74.

In the short span of five years this debt has al-

most doubled. As of October 24th, 2013 this debt has

increased to $17,070,000,000,000.00 trillion ($53,819

for each U.S. citizen). And that is only the tip of the

iceberg: the total debt (states, corporations, consum-

ers) is currently more than $150 trillion !

The people of America have become tenants

and debt slaves to the bankers and their agents. Our

children and the future generations will be pay

ing

this debt forever. We are now coming to the point

where, eventually, the Government will own noth-

In October 2013, the U.S.A. went through

a crisis when the debt ceiling, voted period-

ically by the Congress, reached its limit of

$16,394 billion. Here is this debt pictured in

stacks of $100 bills.

Of course, these sky-scrapers of

paper money will never exist, since

the debt is made up of money that

does not exist, and inflates because

of compound interest. Even if all the

money in circulation was collected,

one would not even pay back one

percent of this debt.

The U.S. Federal Reserve

100 Years of Deception

MICHAEL October/November/December 2013