Wednesday, January 09, 2008

UNRAVELING THE MYSTERY OF THE FEDERAL RESERVE

Koinonia House

With talk of a recession hanging in the air it seems the Federal Reserve may once again cut interest rates. While this news caused stock prices to rebound, it most likely went unnoticed by most Americans. The reality is that few people outside the world of finance take a keen interest in such matters. If TV ratings are any indication, the American public in general is more interested in hearing about Britney Spears' custody battle than the news that Fed Chairman Ben Bernanke cut the federal funds rate by a quarter of a percentage point.


The actions of the Federal Reserve have a significant effect on our daily lives. However it remains something of a mystery to most Americans. The Chairman of the Federal Reserve is perhaps the most powerful non-elected official in the world, whose decisions affect every aspect of our economy, from interest rates to the cost of groceries. So what is the Federal Reserve and how did it come into existence? The answer might surprise you.

The Meeting on Jekyll Island

In November of 1910, after having consulted with Rothschild banks in England, France, and Germany, Senator Nelson Aldrich boarded a private train in Hoboken, New Jersey. His destination was Jekyll Island, Georgia, and a private hunting club owned by J.P. Morgan.

Aboard the train were six other men: Benjamin Strong, President of Morgan's Bankers Trust Company; Charles Norton, President of Morgan's First National Bank of New York; Henry Davidson, senior partner of J. P. Morgan; Frank Vanderlip, President of Kuhn Loeb's National City Bank of New York; A. Piatt Andrew, Assistant Secretary of Treasury; and Paul Warburg. The secret meeting, as described by one its architects, Frank Vanderlip, went as follows:

"There was an occasion near the close of 1910 when I was as secretive, indeed as furtive, as any conspirator. I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.

We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed to come one at a time...where Senator Aldrich's private car would be in readiness, attached to the rear end of the train for the South.

Once aboard the private car, we began to observe the taboo that had been fixed on last names. Discovery, we knew, simply must not happen, or else all our time and effort would be wasted..."

What's in a Name?

The goal was to establish a private bank that would control the national currency. The challenge was to slip the scheme by the representatives of the American people. Earlier, it had been called the Aldrich Bill and received effective opposition. The devious planners of the revised bill titled it "The Federal Reserve Act" to mask its real nature. It would create a system controlled by private individuals who would control the nation's issue of money. Furthermore, the Federal Reserve Board, composed of twelve districts and one director (The Federal Reserve Chairman) would control the nation's financial resources by controlling the money supply and available credit, all by mortgaging the government through borrowing.

The conspirators had a problem, however. President William Howard Taft had made it clear he would veto such a bill if it was introduced. They had to make sure he would not win reelection. They first supported ex-President Teddy Roosevelt in the Republican primaries, but he failed to get the nomination. The bankers then supported the Democratic contender, Woodrow Wilson.

In exchange for their support, Wilson promised to sign their bill into law. But the polls indicated that Wilson would only draw about 45 percent of the votes. The bankers needed someone who could draw a sufficient number of Republican votes away from Taft without harming their Democratic candidate. They arranged for Teddy Roosevelt to run against both men by representing a newly invented third party: the "Bull Moose" party.

The plan worked. The Federal Reserve Bill was held until December 23 (two days before Christmas!) before it was presented to the House and Senate. Only those senators and congressmen who had not gone home for the holidays - those who owed favors to, or were on the payroll of, the bankers - were present to sign the legislation.

The Federal Reserve Act of 1913 was a deliberate charade to pacify the American voters. They'd been crying out for banking reform and had held scores of elections, alternating one set of politicians with another, only to find themselves with the same programs and deeper debt.

The name "Federal Reserve Bank" was designed to deceive, and it still does. It is not federal, nor is it owned by the government. It is privately owned. It pays its own postage like any other corporation. Its employees are not civil service. Its physical property is held under private deeds and is subject to local taxation (government property is not). It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated. It has enabled an imperial elite to manipulate our economy for its own agenda and enlisted the government itself as its enforcer.

New World Order

Meyer Amschel Rothschild's original plan was to facilitate "a new order of a one world government." This explains why the Great Seal of the United States, on the back side of the one dollar bill, bears the inscription Novus Ordo Seclorum: New World Order. For more information on the Federal Reserve listen to our briefing called Behold a Black Horse.

Related Links:

Wall Street Rebounds on Rate Cut Hopes - AP
Recession in the US 'Has Arrived' - BBC
Dollar May Fall Versus Euro, Yen on Expectation of Rate Cut - Bloomberg
Behold A Black Horse - MP3 Download - Koinonia House
The Vortex Strategy - DVD - Koinonia House
The Vortex Strategy - MP3 Download - Koinonia House


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