Why End The Fed is a Revolution

November 13, 2008
by Mark Thomas

Our country was conquered in 1913, by a new kind of power, and every President since then has collaborated with our conquerors. The takeover wasn't reported in the newspapers of the time or in the school books we studied, because it was a whole new kind of war we lost. It went on for over a hundred years, and the fight against it practically consumed Presidents Jefferson and Jackson.

Most people didn't even know we were in it. It wasn't a military domination, it was an economic domination. And the final, decisive battle was a coup that was conducted in stealth and secrecy. Our conqueror was a group of New York Banks, which were owned by the Warburgs and Rothschilds of Europe. Their representatives here were J.P. Morgan, John D. Rockefeller and Nelson Aldrich, among others. They did with economics what King George could not, with all his military might.

Long before coming to America, these ancient families became much wealthier than their European kings by practicing the fraud that we now call the "fractional reserve system of banking." This system has been a scourge upon humanity since the beginning of paper money. The advent of paper money greatly enhanced the specialization and productivity of the people.

But then a tapeworm called "fractional reserve banking" attached itself to this vital organ of society. It has bled the people dry for centuries, while enriching the bankers beyond imagination, and creating a whole new elite class above royalty. For centuries, and to this day, they have been able to do it in virtual secrecy because very few people have understood the system. As with the goldsmith of yore, the modern system depends on secrecy. If the people ever understand what is being done to them through their monetary system they will revolt.

Paper money evolved from using gold as a medium of exchange. People would store their gold with a goldsmith, who had a secure strongroom, and who could wiegh and assay the gold. He would issue them a receipt upon their deposit. They soon found it more convenient to trade the receipts between themselves, rather than to redeem the gold itself for every transaction. This created an opportunity for the goldsmith, who realized that people seldom came to redeem the gold. He then realized he could forge receipts and spend them. Better yet, he could loan them out at interest, creating an steady and ever-increasing income for which he did nothing but forge receipts.

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A fraud is a deception that deprives someone of his or her wealth. People only accepted the paper because it claimed to represent a specific gold deposit. If they had known the goldsmith was just printing the "receipts" without actually receiving a deposit, people would not have accepted them. It deprived them of their wealth by devaluing the money they already held.

If the goldsmith printed too much of these counterfeit receipts, people would notice the devaluation and everyone would demand his or her gold. Of course there wasn't enough gold to honor all the receipts. Many a goldsmith met his demise that way. The more clever of them realized that if they limited the forgery of receipts to a certain percentage of the gold held, the devalutaion would occur slowly enough that people wouldn't notice. The fractional reserve system then, was a mathematical technique for concealing the fraud from its victims. That is the basis for our monetary system today, but it has advanced far beyond that in both theft and deception.

People historically had alternatives to these counterfeit gold receipts. Gold and silver were still circulated in coin. But the Federal Reserve Act made the phony receipts of the the Warburgs and Rothschilds of Europe our legal tender, and we had no choice but to use it in most transactions. The ramifications of that are huge.

For one thing, it means that the only supply of money for the econoomy is bank loans. When a bank makes a loan, new money is created and loaned into circulation, just like in the goldsmith story.. Likewise, when a loan is repaid, it is taken out of circulation. At this point the total amount of money in circulation has not changed. The loan created new money and the repayment destroyed the same amount.

But then there is the interest. The interest is also destroyed when it is paid. So if the economy is to maintain a stable amount of currency in circulation, it must borrow money to pay the interest, and it must also pay interest on that loan. So as a whole, the economy must always borrow more and more money from this international banking cartel, which just prints the money out of nothing. It is mathematically impossible to pay off the debt, since the only source of money to pay it with is more loans from the cartel.

Money is created and money is destroyed. What remains is debt. Exponentially growing public and private debt.