I consider the Federal Reserve Act and the creation of the Federal Reserve as unconstitutional. It gave the government then the legal power to create legal tender out of thin air. Ron Paul
The notion of a central bank does not fit into the Constitution; the Congress has the authority to coin money, and only gold and silver should be legal tender. This is an absolute contradiction of the Federal Reserve system and a central bank. Ron Paul
When you think about the significance of the Federal Reserve Act being passed under those conditions – the American people didn’t know ... the banking interests that were behind it ... Powerful banking interests. Ron Paul
Under the Executive Order of the President: all persons are required to deliver on or before May 1 1933 all gold coin, gold bullion, and gold certificates now owned by them to a Federal Reserve Bank, branch or agency, or to any member bank of the Federal Reserve System. Executive Order 3rd April 1933, penalty threat of ten years imprisonment
The dirty little secret is that both Houses of Congress are irrelevant. America’s domestic policy is now being run by Alan Greenspan and the Federal Reserve. America’s foreign policy is now being run by the International Monetary Fund. When the President decides to go to war, he no longer needs a declaration of war from Congress. Robert Reich, USA Today 7th January 1999
If as it appears the experiment that was called America is at an end ... perhaps a fitting epitaph would be ... Here lies America, the greatest nation that might have been had it not been for the Edomite bankers who first stole their money, used their stolen money to buy their politicians and press and lastly deprived them of their constitutional freedom by the most evil device yet created – the Federal Reserve Banking System. G D McDaniel
The International Banksters who set up the privately owned Federal Reserve System in 1910 at Jekyll Island, Georgia, did so with the intention of stealing the wealth of this nation.
For nearly a century they have financially raped and robbed our people. They have engineered our wars, inflated our currency and created the Depression by Design which is bringing our country closer towards the creation of a Hitlerian New World Order. Anthony J Hilder, Frankenfed: The Monster Among Us
We want to abolish the Fed. ibid.
Both World War One and World War Two were welcomed and provoked by international banksters. ibid.
Obama is the banksters’ boy. ibid.
The Federal Reserve system and these bankers are responsible for the demise of America. And if we ever want to win this battle, we must shut down this Federal Reserve system. And we must shut down these bankers and restore sound money to this country ... There has to be an uprising. Aaron Russo, interview Alex Jones
The Federal Reserve has created this massive inflation in America. It means the American worker has to keep making more money to keep up with the cost of living ... Because of the inflation they have created they have now allowed other countries to out-compete us ... So we’ve lost our manufacturing base ... We provide nothing to the world any more. ibid.
It is important to clearly understand the Federal Reserve is a private corporation. It is about as federal as Federal Express. It makes its own policies and is under virtually no regulation by the US government. It is a private bank that loans all currency at interest to the government, completely consistent with the fraudulent central banking model that the country sought to escape from when it declared independence in the American Revolutionary War. Zeitgeist, 2007
The United States government decides it needs some money so it calls up the Federal Reserve and requests say $10 billion. The Fed replies saying sure, we’ll buy 10 billion in government bonds from you … In reality, this transaction would occur electronically … In other words, the money was created out of debt. Zeitgeist addendum, 2008
And through this fractional reserve system any one deposit can create nine times its original value … The application of interest … must eventually be returned to a bank with interest as well. ibid.
A system of modern slavery … How can society ever be debt free? It can’t. That’s the point. ibid.
The creation of the Federal Reserve system was about more than just money. Some refer to it as the secret birth of a criminal conspiracy to rob the American middle class of its hard-earned wealth. Others believe it to be part of an attempt to bring the world under the control of a shadowy international elite that calls itself the New World Order. Monopoly Men: Federal Reserve Fraud, 1999
There is indeed a global conspiracy going on, and why it is being carried out and concealed is to control the global money system, and hence control of all other subsequent systems of importance down the food chain. Such as governance and media. It is important to understand that control of the global money system has been achieved through control of the global central banking system. And this system is a privately run enterprise. It is a private business that runs for a profit, and is owned and operated by wealthy international banking dynasties such as the Rothschilds, the Morgans and the Rockefellers. The Big Picture – FINAL
It can all have been avoided: the report blames Widespread Failures in Financial Regulation including the Federal Reserve’s failure to stem toxic mortgages; Dramatic Breakdowns in Corporate Governance including too many financial firms acting recklessly; an explosive mix of excessive borrowing and risk by households and Wall Street; Key Policy Makers Ill Prepared for the Crisis lacking full understanding of the financial system; Systemic Breaches in Accountability and Ethics at all levels. FCIC Financial Crisis Inquiry Report, cited Sky News January 2011
The few who can understand the system will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of the people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests. Mayer Amschel Rothschild
The hand that is above the hand that takes. Money has no motherland. Financiers are without patriotism and without decency Their sole object is gain. Napoleon Bonaparte
We do not have jurisdiction to directly go out and audit Reserve Bank activities specifically. Elizabeth Coleman, Federal Reserve Bank Inspector General
Someone has to borrow every dollar we have in circulation ... If the banks create ample ... money we are prosperous; if not, we starve ... It is the most important subject intelligent persons can investigate and reflect upon. Robert H Hemphill, 1934 Credit Manager of the Federal Reserve of Atlanta
I believe that banking institutions are more dangerous than standing armies ... If the American people ever allow private banks to control the issue of currency ... The banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent their fathers conquered. Thomas Jefferson, attributed & patchwork of three separate letters
I wish it were possible to obtain a single amendment to our Constitution - taking from government their power of borrowing. Thomas Jefferson
The Treasury, lacking confidence in the country, delivered itself bound hand and foot to bold and bankrupt ... bankers pretending to have money, whom it could have crushed at any moment. Thomas Jefferson
It is not our own citizens only who are to receive the bounty of our government. More than eight millions of the stock of the bank are held by foreigners ... Is there no danger to our liberty and independence in a bank that in its nature has so little to bind it to our country? Andrew Jackson
Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence ... Would be more formidable and dangerous than a military power of the enemy. Andrew Jackson, 1832
And we know now that government by organised money is just as dangerous as government by organised mob. Theodore Roosevelt
The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers.
The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.
By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges.
The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matter of practical administrators.
The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity.
Democracy will rise, superior to the money power. Abraham Lincoln
The underlying idea in the greenback philosophy ... is that the issue of currency is a function of the government, a sovereign right which ought not to be delegated to corporations. Professor Davis Rich Dewey, MIT