"'The Congress shall have power To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;'"
CONGRESS, NOT A PRIVATE BANKING CARTEL LIKE THE FEDERAL RESERVE!
And yet, when asked how the FED would react to an AUDIT of the FED, by the CONGRESS, Bernanke, in the above video, was brazen enough to threaten our CONGRESS and US!
LISTEN and LEARN...LEARN or PERISH!
In case you missed it, here is exactly what he said;
"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."
The brunt of Bernankes statement is as crystal clear as a threat from a common street thug: back off from the Fed, or the economy gets it!
The chairman clearly implies that any attempt to restore monetary powers constitutionally granted to the Congress would be seen as a "takeover" and that the defensive and "repudiated" Fed would respond destructively.
Of course Congress has always had constitutional power over money and that was granted to CONGRESS in the U.S. Constitution. The founders NEVER intended that Congress would hand over such POWER to PRIVATE bankers! NEVER!
Bernanke's open threat of financial terrorism in the face of Congress' Constitutional authority is absurd and despicable!
SO, HOW DID WE GET SUCH A THING AS THE FEDERAL RESERVE?
On November 22, 1910, led by Senator Nelson Aldrich, head of the National Monetary Commission, which was created when President Theodore Roosevelt had signed into law the bill creating it in 1908, some of the top financiers in America boarded a most private railway car headed from New York to Jekyll Island, SC. Besides Aldrich & his secretary, the group included A. Piatt Andrew, Assistant Secretary of the Treasury, and Special Assistant of the National Monetary Commission; Frank Vanderlip, president of the National City Bank of New York, Henry P. Davison, senior partner of J.P. Morgan Company, and generally regarded as Morgan’s personal emissary; and Charles D. Norton, president of the Morgan-dominated First National Bank of New York. Joining the group just before the train left the station were Benjamin Strong, also known as a lieutenant of J.P. Morgan; and Paul Warburg, a recent immigrant from Germany who had joined the banking house of Kuhn, Loeb and Company, New York.
[REMEMBER THE NAME, PAUL WARBURG!]
They were sequestered on the SC island for 9 days, possibly 10, and out of that most secret meeting came THE FEDERAL RESERVE, aka THE FED..
The boys from Jekyll Island returned to New York to direct a nationwide propaganda campaign in favor of the "Aldrich Plan". Three leading universities, Princeton, Harvard, and the University of Chicago, were used as rallying points for this , and national banks had to contribute to a fund of five million dollars to help persuade the American public that this central bank plan should be enacted into law by Congress.
Woodrow Wilson, then governor of New Jersey and former president of Princeton University, was enlisted as a spokesman for the Aldrich Plan. During the Panic of 1907, Wilson had declared, "All this trouble could be averted if we appointed a committee of six or seven public-spirited men like J.P. Morgan to handle the affairs of our country."
HUH? Men like Morgan? Well, that's another story, but shame on Wilson!
The University of Chicago was, at that time, endowed by John D. Rockefeller, with nearly fifty million dollars. John D. Rockefeller. Remember him? Chase Manhattan Bank, Standard Oil, Sterling Drug, Inc., Colorado Fuel and Iron Company (The Ludlow Massacre), Time Magazine (which Henry Luce started in 1923, but was taken over by J.P. Morgan when the magazine got into financial difficulties. AND THEN, when Morgan died & his empire crumbled, his partner, Rockefeller, took over Time, together with its sisters Fortune and Life.), the list probably is endless of Rockefeller holdings, with new acquisitions each year. Oh, let's not forget that the development of the genetic revolution and genetic engineering has been the project of the Rockefeller Foundation for decades...genetically modified seeds & all that, and POPULATION CONTROL. Yeah, Rockefeller. No surprise in THAT connection to the FED, is there?
Charles A. Lindbergh, Sr., testifying before the Committee on Rules, US Congress, December 15, 1911, after the Aldrich plan had been introduced in Congress, said: "It was by a very clever move that the National Monetary Commission was created. In 1907 nature responded most beautifully and gave this country the most bountiful crop it had ever had. Other industries were busy too, and from a natural standpoint all the conditions were right for a most prosperous year. Instead, a panic entailed enormous losses upon us. Wall Street knew the American people were demanding a remedy against the recurrence of such a ridiculously unnatural condition. Most Senators and Representatives fell into the Wall Street trap and passed the Aldrich Vreeland Emergency Currency Bill. But the real purpose was to get a monetary commission which would frame a proposition for amendments to our currency and banking laws which would suit the Money Trust. The interests are now busy everywhere educating the people in favor of the Aldrich Plan. It is reported that a large sum of money has been raised for this purpose. Wall Street speculation brought on the Panic of 1907. The depositors’ funds were loaned to gamblers and anybody the Money Trust wanted to favour. Then when the depositors wanted their money, the banks did not have it. That made the panic."
Nation Magazine, January 19, 1911, noted, "The name of Central Bank is carefully avoided, but the ‘Federal Reserve Association’, the name given to the proposed central organization, is endowed with the usual powers and responsibilities of a European Central Bank."
In 1911, the Aldrich Plan (the Federal Reserve Plan, aka central bank plan) became part of the official platform of the Republican Party....& was passed by the very Congress whom Lindberg had addressed.
Paul Warburg, Paul Moritz Warburg, (August 10, 1868 – January 24, 1932) was a German-born American banker. It has been said across time that Warburg dominated Woodrow Wilson, that he was "too close to" the men in the Oval Office.
It was Warburg who decided at Jekyll Island on the deception which would prevent common citizens from recognizing that this plan set up a central bank: the regional reserve system. He proposed a system of four (later twelve) branch reserve banks located in different sections of the country. Few people outside the banking world would realize that the concentration of the nation’s money and credit structure in New York made the proposal of a regional reserve system a delusion. Warburg also decided that the administrators of the central banks should be subject to executive approval by the President. This removal of the system from Congressional control meant that the Federal Reserve proposal was unconstitutional from its inception, UNCONSTITUTIONAL because the Federal Reserve System was to be a bank of issue. Article 1, Sec. 8, Par. 5 of the Constitution expressly charges CONGRESS with "the power to coin money and regulate the value thereof.". Warburg’s plan would deprive Congress of that, and the systems of checks and balances of power set up by Thomas Jefferson in the Constitution are now destroyed. Administrators of the devious system control the nation’s money and credit, and would themselves be approved by the executive department of the government. The judicial department (the Supreme Court, etc.) was already virtually controlled by the executive department because of presidential appointment to the bench.
There it is! All worked out, stamp of approval, blessed by those who took an oath to do the will OF THE PEOPLE, but the PEOPLE were NEVER made aware of all this!
The PEOPLE never knew that from Teddy Roosevelt to FDR, secret manipulations by FOREIGN bankers found ways to turn 3 U.S. Presidents against the Constitution! Many are still blissfully unaware that the FED is a conglomerate of PRIVATE bankers who REFUSE to answer questions posed by CONGRESS as to what they're doing and WHERE OUR MONEY GOES! {see videos below}
At the time of his death, Warburg was chairman of the Manhattan Company and a director of the Bank of Manhattan Trust Company, Farmers Loan and Trust Company of New York, First National Bank of Boston, Baltimore & Ohio Railroad, Union Pacific Railroad, Los Angeles & Salt Lake Railroad, Western Union Telegraph Company, American I.G. Chemical Company, Agfa Ansco Corporation, and Warburg & Company of Amsterdam.
What a list! What a guy! He manipulated at least THREE presidents to commit TREASON, to go against the Constitution, to VIOLATE the clause that gives control of America's money to CONGRESS...CONGRESS...CONGRESS!
Well, so it went, and so it goes TODAY.
There is NOTHING Federal in THE FED, and there are NO "reserves" (it's all on paper), and it is NOT a "system", unless we can liken it to any other illegal con system in the world.
The FED prints money, LOTS of money, but if yuou or I as PRIVATE citizens, which is who runs the FED, did that, we'd go to jail for COUNTERFEITING!
At this link you will find a rare chart of who "owns" the Federal Reserve. A nice little read which you may or may not find worth your time:
WHO OWNS THE FED
In a slightly different vein, you may not believe the info in the following article, but use your imagination to ask "WHAT IF IT'S TRUE?" perhaps?
The Power Behind The Politics
WHAT YOU MOST LIKELY NEVER KNEW ABOUT THE TRILATERAL COMMISSION
http://www.americanchronicle.com/articles/view/12348
A very FEW Congressmen have bucked the FED, and if we're smart, we'll get behind their call to AUDIT THE FED!
AUDIT THE FEDERAL RESERVE...THEY SURE DON'T AUDIT MUCH THEMSELVES!
HERE'S ONE FOR ALL YOU BECK FANS:
http://www.youtube.com/watch?NR=1&v=UEzWhPFb0HQ&feature=endscreen
http://youtu.be/UEzWhPFb0HQ
GRAYSON IS BACK IN THE HOUSE! I CAN HARDLY WAIT FOR HIS FOLLOW-UPS!
http://www.youtube.com/watch?v=36EX11kD2E4
WILSON MAY HAVE HAD A CHANGE OF HEART, BUT HE PRESSED RIGHT ON ANYWAY!
From Chapter 9, The New Freedom: A Call For the Emancipation of the Generous Energies of a People by Woodrow Wilson, 1913
"'We are at the parting of the ways. We have, not one or two or three, but many, established and formidable monopolies in the United States. We have, not one or two, but many, fields of endeavor into which it is difficult, if not impossible, for the independent man to enter. We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
If the government is to tell big business men how to run their business, then don't you see that big business men have to get closer to the government even than they are now? Don't you see that they must capture the government, in order not to be restrained too much by it? Must capture the government? They have already captured it. Are you going to invite those inside to stay inside? They don't have to get there. They are there. Are you going to own your own premises, or are you not? That is your choice. Are you going to say: "You didn't get into the house the right way, but you are in there, God bless you; we will stand out here in the cold and you can hand us out something once in a while?"
The reason that America was set up was that she might be different from all the nations of the world in this: that the strong could not put the weak to the wall, that the strong could not prevent the weak from entering the race. America stands for opportunity. America stands for a free field and no favor. America stands for a government responsive to the interests of all. And until America recovers those ideals in practice, she will not have the right to hold her head high again amidst the nations as she used to hold it.'"
For further reading, those who care or dare, I highly recommend:
SECRETS OF THE FEDERAL RESERVE
http://www.whale.to/b/mullins5.html
http://www.whale.to/b/m_q_a.html
Congressman Louis T. McFadden on the Federal Reserve Corporation
Remarks in Congress, 1934
These are all found in the Federal Record
AN ASTOUNDING EXPOSURE
http://www.sweetliberty.org/issues/hoax/mcfadden.htm“Dr. Ron Paul, the Republican candidate for the 2008 presidential nomination, is not the first U.S. politician to point to the abuses of the Federal Reserve System and call for its abolishment. Similar pleas to get rid of the Fed were made by Reps. Wright Patman (1893-1976) and Henry Gonzales (1916-2000), both Democratic congressmen from Texas and chairmen of the House Banking Committee.
Few recall, however, how controversial the Fed was when it was first proposed and then maneuvered through a recessing Congress just before Christmas 1913. Rep. Charles Lindbergh, Sr., R-MN and father of the future aviator, called the Federal Reserve Act “the worst legislative crime of the ages.”
But the strongest opposition came later, during the Great Depression. The source was Rep. Louis T. McFadden, a Republican representative from Pennsylvania who, as a former bank cashier and president, knew the financial system intimately.”
McFadden may have paid with his life for his outspokenness. After he lost his congressional seat in 1934, he remained in the public eye as a vigorous opponent of the financial system; that is, until his sudden death on October 3, 1936, of a “dose” of “intestinal flu” after attending a POLITICAL banquet in New York City.”
There were two previous attempts on Louis McFadden’s life.
“Evidently the third time the assassins succeeded, and the most articulate critic of the Federal Reserve and the financiers’ control of the nation was dead. He was 60 years old.”
<END QUOTE>
There was once a website dedicated to the Congressman, but one can only find it now using the old link & the 'Wayback Machine' website, so, find it I did:
http://web.archive.org/web/20100213155437/http://home.hiwaay.net/~becraft/mcfadden.html
THINK! IT ISN'T ILLEGAL YET...BUT GIVE 'EM A FEW MONTHS, IT WILL BE!
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