6139008-History-of-Money

national board. Get the picture? All power has always been at the top of this system. The only thing that the charterallows them to vote for, those boards of directors, of substance is to set the interest rates within their regions. But thisshould come as no surprise to anybody that even that is subject to veto by the national board. You see this concept ofdiffusion of power throughout the regions of the US is a scam. There is no power at the local level. There is nothing thatthese boards of directors who are voted in by the banks who hold the certificates can do of substance. All they're allowedto do really is play golf. It is not a privately held corporation in the traditional sense of the word. This idea of diffusion ofpower over the 12 regional banks was just a necessity of 1913 to sell the concept to the American people. If it hadn'tbeen for this aversion against the concentration of power in New York they would never have had these 12 regions; it'sjust a leftover from the necessity to sell it and doesn't serve any function whatsoever. So it's not a corporation in thetraditional sense of the word, it's not a government agency in the traditional sense of the word so what is it? It's a hybrid,part corporation and part government, part private, part government. In fact, it is exactly what you would expect it to beconsidering the fact that it is a partnership between the private banking cartel and the government. It's a unique structurewhich was designed to perform a unique function. The important thing is what it does and as long as it a central bank,which means as long as it has the power and the mandate to create money out of nothing it will create money out ofnothing. That's what it will do and it will continue to do exactly the same thing and be run no doubt by the same people asit is now and we would not have solved anything. We must keep in mind that in Europe all of the central banks there arein fact direct agencies of their respective governments; they are not hybrid organizations at all like ours. And yet in thosecountries they do exactly the same as the Federal Reserve System has been doing here. Just turning it over to thegovernment is a non-solution.Well, let’s proceed now into Chapters 1 & 10 of “The Creature from Jekyll Island by Edward Griffin and fromThe Secrets of the Federal Reserve by Eustace Mullins”. (copy of the 1913 Federal Reserve Act below). Inbrief, the private banking cartel known as the Federal Reserve System was setup in 1913 at the same time that the 16 thAmendment was introduced to force income taxes onto Americans. The 16 th Amendment was not legally ratified and thisis why people are challenging the legality of income taxes that go to pay the interest on the money created from nothingby the private Federal Reserve System. The FED owners have become immensely wealthy by creating money out ofnothing and lending it to the tax payers. Owners of the Fed are listed further down. The same scam happens with theBank of England and HSBC, both controlled by the Mason/Illuminati Zionist families (Rothschild, etc.). The secret meetingon Jekyll Island (owned by J.P.Morgan) in Georgia (around 1910) at which the Federal Reserve was conceived and aroadmap was laid towards the birth of a banking cartel to protect its members from competition, and the strategy of howto convince Congress and the public that this cartel was an agency of the United States government. Seven men whorepresented an estimated one forth of the total wealth of the entire World were present at that meeting:1. Nelson W. Aldrich, Republican "whip" in the Senate, Chairman of the National Monetary Commission, businessassociate of J.P. Morgan, father-in-law to John D. Rockefeller, Jr.;2. Abraham Piatt Andrew, Assistant Secretary of the United States Treasury;3. Frank A. Vanderlip, president of the National City Bank of New York, the most powerful of the banks at thattime, representing William Rockefeller and the international investment banking house of Kuhn, Loeb & Company;4. Henry P. Davison, senior partner of the J.P Morgan Company;5. Charles D. Norton, president of J.P. Morgan's First National Bank of New York;6. Benjamin Strong, head of J.P. Morgan's Bankers Trust Company; and7. Paul M. Warburg, a partner in Kuhn, Loeb & Company, a representative of the Rothschild banking dynasty inEngland and France, and brother to Max Warburg who was head of the Warburg banking consortium in Germanyand the Netherlands.These competitors colluded to create a banking cartel whose collateral is the US taxpayer and all properties of the USgovernment. In 1913, the same year that the Federal Reserve Act was passed into law, a subcommittee of the HouseCommittee on Currency and Banking, under the chairmanship of Arsene Pujo of Louisiana, completed its investigation intothe concentration of financial power in the United States. Pujo was considered to be a spokesman for the oil interests, partof the very group under investigation, and did everything possible to sabotage the hearings. In spite of his efforts,however, the final report of the committee at large was devastating. It stated: Your committee is satisfied from the proofssubmitted, even in the absence of data from the banks, that there is an established and well defined identity andcommunity of interest between a few leaders of finance...which has resulted in great and rapidly growing concentration ofthe control of money and credit in the hands of these few men... When we consider, also, in this connection that intothese reservoirs of money and credit there flow a large part of the reserves of the banks of the country, that they are alsothe agents and correspondents of the out-of-town banks in the loaning of their surplus funds in the only public moneymarket of the country, and that a small group of men and their partners and associates have now further strengthenedtheir hold upon the resources of these institutions by acquiring large stock holdings therein, by representation on theirboards and through valuable patronage, we begin to realize something of the extent to which this practical and effectivedomination and control over our greatest financial, railroad and industrial corporations has developed, largely within thepast five years, and that it is fraught with peril to the welfare of the country.The purpose of this meeting on Jekyll Island was...to come to an agreement on the structure and operation of a bankingcartel. The goal of the cartel, as is true with all of them, was to maximize profits by minimizing competition betweenmembers, to make it difficult for new competitors to enter the field, and to utilize the police power of government toenforce the cartel agreement. In more specific terms, the purpose and, indeed, the actual outcome of this meeting was tocreate the blueprint for the Federal Reserve System. On 23rd December 1913 the house of representatives had past theFederal Reserve Act, but it was still having difficulty getting it out of the senate. Most members of congress had goneThe Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 430