One nation under God

Liberty and Justice for All

2005-06-29

A National Disaster

Since the FEDERAL RESERVE ACT was enacted in 1913, the small group of "privileged" people who lend us "our" money have received all of the profits of printing our money' - and more! They have "created" tens of billions of dollars in money and credit, which, as their own personal property, they lend to our government and our people at interest. "The rich get richer and the poor get poorer" had become the policy of our National Government.

The Federal Government spends more than it takes in in taxes, and needs money. Not having the money, and Congress having given away its authority to "create" it, the Government must go the "creators" for the money. But, the Federal Reserve, a private corporation, doesn't just give its money away! The Bankers are willing to deliver money or credit to the Federal Government in exchange for the Government's agreement to pay it back - with interest! So Congress authorizes the Treasury Department to print money in U.S. Bonds, which are delivered to the Federal Reserve Bankers.

The Federal Reserve pays the cost of printing the money and makes the exchange. The Government then uses the money to pay its bills. The results? The Government bills are paid, but the Government has promised payment from the people to the Bankers for $1 million or $1 billion a shot on which the people must pay interest!

By the 1980's, the U.S. Government owes the Bankers over $1,000,000,000,000 (trillion) on which the people pay over $100 billion a year in interest alone with no hope of ever paying off the principal.




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