Core English 11
8 December 2017
The Evil of The Federal Reserve
The United States of America’s banking system (The Federal Reserve) is a beastly malevolent, wicked, destructive, corrupted entity. It must be put to an ultimate and complete termination for its immoral, lawlessness misconduct of it not being federal or a reserve but a treacherous, unprincipled, unethical, nefarious private and a separate bank. which is possessively owned by the most authoritative, dominant, forcefully influential, monolithic, like-minded unknown secret society of individuals that walk the earth. The rational judgement of why the Federal Reserve should be put to an end are because of the reasons followed: The Federal Reserve is unconstitutional, The Federal Reserve causes inflation, making the U.S. dollar worth less and less each time money is printed out and finally, The Federal Reserve is privately owned company.
The first and major reason why the Federal Reserve must be put to an end is because of the law of the land of the United States of America, The Constitution. Written by James Madison, Founding Father who served as the fourth President of the United States from 1809 to 1817. Is praised as the “Father of the Constitution” states in Article 1, Section 8 of the Constitution, “The Congress shall have power to… coin (create) money and regulate the value thereof” (Madison). The misunderstanding that most Americans have about the Federal Reserve is that the Federal Reserve is a part of the United States’ government but the truth is that the Constitution forbids its existence. As stated in the Constitution, it gives the Congress and only the Congress the power to create money and regulate the value of the U.S. dollar, not a bunch of international bankers! Today the Federal Reserve controls the printing of worthless paper, called money (the U.S. dollar) through the United States of America’s Treasury, regulating the value of the U.S. dollar and then collecting the interest of the U.S. dollar (the supposed national debt). Yet another example of why the Federal Reserve is unconstitutional is told by another one of the Founding Fathers of the United States and the principal author of the Declaration of Independence. Who as well served as the third President of the United States (1801–1809) and furthermore helped drafted the Constitution of the United States, Thomas Jefferson stated, “The private Central Bank is an institution of the most deadly hostility existing against the principles and form of our constitution… If the American people allow private banks to control the issuance of their currency…, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered (Hossein-Zadeh)”. Thomas Jefferson knew that Federal Reserve banks were a threat to America, its freedom, liberty and to the American people, so he opposed it and warned against it and many other great presidents after him tried to stop it like James Madison, Andrew Jackson and Abraham Lincoln but still Woodrow Wilson signed the 1913 Federal Reserve Act which caused the Federal Reserve System to be created and the value of the U.S. dollar to dwindle. With this in mind, another key point of why the Federal Reserve should be dissolved is because the Federal Reserve causes inflation, making the U.S. dollar worth less and less each time money is printed out.
The second and most important reason why the Federal Reserve should be prevented to function any longer is because the Federal Reserve causes the value of the U.S. dollar to diminish with inflation. Jeff Deist who is president of the Mises Institute, where he serves as a writer, a public speaker, and a dedicated activist for free markets and a more libertarian society states, “First, we should never tire of repeating the simple truth that, yes indeed, the dollar has lost 90% of its purchasing power to monetary inflation since the Fed was created” (Deist). Indeed, ever since the Federal Reserve was created in 1913, the value of U.S. dollar has been dropping down ever since. Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day. But over the course of time, it really adds up and soon the U.S. dollar well be the equivalent as the Monopoly board game money. The Federal Reserve creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The Federal Reserve also buys Government debt with money printed on a printing press and charges U.S. taxpayers (U.S citizens) interest. Similarly, the inflation that is caused by creating more money by the Federal Reserve is a villainous act in which the Federal Reserve oppose this and insist that they carefully help to monitor inflation. We are told that a small amount of inflation is good each year. We want to have inflation so that we can keep the people spending and the economy going. The Fed monitors closely the amount of inflation and knows which rates to use to keep inflation going at a steady rate and that we have nothing to fear but according to Kristin Stockheimer, author at Gem State Patriot News and a staff writer and Marketing Manager for The John Birch Society says, “The Federal Reserve prints money without anything to back it. Inflating the amount of money has resulted in a rise in prices and long-term drop in the value of the currency (now only worth about two percent what it was in 1913) Americans need to realize that inflation is a hidden tax that defrauds all of us (Stockheimer)”. The truth is that the Federal Reserve must create more and more inflation because our money is debt. And the interest on our debt based money can only be paid off with more debt based money. And so, more and more money must continue being loaned out and as a result more and more inflation is the inevitable outcome. A main goal of the Fed is to extract our wealth through inflation. It must not be forgotten that the Federal Reserve is neither an Reserve or an Federal under the U.S. government but a private bank that is controlled by an affluent and powerful elite.
At the same time, the Federal Reserve wants us to think that they are part of the Federal government of the United States and that they are for the good and well-being of the American people. It is even posted in their website, “The Federal Reserve System is not “owned” by anyone. Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest (Federal Reserve)”. But it is farther than the truth according to Ismael Hossein-Zadeh, who is Professor Emeritus of Economics (Drake University) has this to say, “The first MAJOR MYTH, accepted by most people in and outside of the United States, is that the Fed is owned by the Federal government, as implied by its name: The Federal Reserve Bank. In reality, however, it is a private institution whose shareholders are commercial banks. The choice of the word “Federal” in the name of the bank thus seems to be a deliberate misnomer—designed to create the impression that it is a public entity…” (Hossein-Zadeh). The reality is that the Federal Reserve is a for-profit business that is owned by European and American banking families. These families loan money to the United States and make money off the interest. The actual owners (The Elite) of the Federal Reserve that hide behind shadows are revealed: Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Banks of Italy, Goldman, Sachs of New York, Warburg Bank of Amsterdam and Chase Manhattan Bank of New York. The families of these banks are the Rothschilds, Warburgs, Morgans, Schiffs, Harrimans, Lazards, Goldman-Sachs, Browns, Schroders and Lehmans. The Federal Reserve owned by these elite families are an oppressive cancer on our freedom, liberty and to the United States of America.
Finally, to conclude, The Federal Reserve should be abolished from the United States of America as a whole because of the lies they spread about being a federal and a reserve, cause of inflation and drop of the value of the U.S. dollar and for not being permitted under the Constitution of the United States of America. The Federal Reserve is obviously more evil than good. The cure to this disease is to unite the American people, to inform them that such crimes are taking place in the land of the free and the home of the brave. The Federal Reserve fears a group of well-informed people who are realizing and figuring out how the banking system works and will cast aside their differences and their ignorance to rise and revolt against a corrupted system that they have becomes slaves under their harsh and merciless tyranny.
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