The Federal Reserve Act of 1913 Part I

Perhaps one of the biggest fraudulent schemes ever perpetrated upon the American people that would create more economic duress than any other blunder the government could have concocted was the Federal Reserve Act of 1913. A legislation of questionable ratification that served only to enrich the families who owned a banking cartel who would gain control of a nation’s monetary supply and terrorize those opposed to such an abomination.

Andrew Jackson’s Legacy

Up to that point the United States had done just fine and had grown in leaps and bounds establishing trade agreements with foreign nations and expanding its economy based upon a gold and silver standard. President Andrew Jackson had defeated attempts by the European held central bank to remain in power over the US banking system so that American currency was now under direct control of Congress. Yet, tyranny was in the making.

Implications set in motion

President Woodrow Wilson, a progressive and known racist, would distinguish his administration with having far reaching and a lasting legacy upon American and world history. The blunders that he spent long hours to bring to fruition would end up haunting the US economy as well as the countries of the world once the ravages of World War I began to surface. His first mistake was allowing Philander C. Knox, Secretary of State and former attorney who represented the most powerful banking families in America to put forth the proposition that an income tax should be collected by the federal government over the wages and earnings of the American worker.

True authority

Never before had the founding fathers or the federal government established the legality of an unapportioned, direct tax upon the earnings of the individual employee residing in the states of the US. As a matter of fact, the intended tax would only have jurisdiction over the District of Columbia, territories of the federal government, employees or office holders of the central government, but not over the states themselves. This occurred due to the duo identity and intended deception that was implied by the Federal Reserve Act. Arguments have abounded for decades over state’s rights and the jurisdiction of the federal government’s legal jurisdiction over the sovereignty of the states themselves. The two but separate entities of the Corporate United States of (statutory) jurisdiction, and the US Constitutional rights of the states themselves was defined by the 1913 Federal Reserve Act, yet was wrongly interpreted as to be imposed upon all states and all what is termed as “American Nationals”.

Mutiny

When three IRS officers went over the wall in the early 1990’s because they could not find the legal terminology within the complicated IRS tax code which gave them the authority to collect taxes and even do so using force their only eventual alternative was to resign. The IRS refused open public discussion when invited to do so, ordered their agents who questioned the authority of their employer to resign, and continued their questionable enforcement practices despite proven discrepancies and millions of Americans choosing to become non taxpayers. One IRS Commissioner after admitting that paying income tax was voluntary also commented that the system would collapse if taxpayers decided to refuse to pay in large enough numbers.

True history exposed

The illegal ratification of the 16^th Amendment by Secretary of State, Philander C. Knox was achieved using the Christmas holiday to take a vote on the bill, Senators and Congressman alike had largely left to be with their families until after New Year’s. The remaining members had voted to “Pass” which did not mean approve, this term meant to delay any decision until a later date. Yet, Philander counted these responses as a vote in favor of the bill. A Revenue Officer, Bill Benson, for the State of Illinois, gathered thousands of sealed documents proving that the 16^th Amendment had indeed been illegally ratified, yet the IRS refused to allow discussion. Benson, like Joe Banister, John Turner, and Sherry Jackson all exceptional IRS agents who left the organization also refused to pay income taxes.

Destruction of an economy

President Woodrow Wilson would live long enough to lament his part in the creation of a currency law that handed over control of a great industrial nation to a few men who would use credit and their private banking cartel to bring that great country to its knees. The formation of the Federal Reserve under the aegis of bringing stability to US currency did exactly the opposite. By 1929 the Stock Market Crash occurred followed by the Great Depression, the worst global economic collapse in history. Norman Dodd, a young banking executive had been appointed by his manager of Morgan Bank to investigate what had caused the Great Depression.

Norman Dodd uncovers

After a year’s long project and analyzation of the factors and persons who had precipitated the largest financial collapse on an unprecedented scale in history, Norman Dodd returned to present his findings to a board of banking officials at the Morgan Bank where he had been employed. After making his presentation, Norman was astonished that the board had not questioned him or approved of any action being taken. Dodd was informed by his bank manager of two things 1) That the US banking system would never operate on sound banking principals again 2) That Norman would be free to have an office, work at his leisure even play tennis when he wished, and would be awarded a generous retirement when the time came!

Repercussions

President Wilson’s next big blunder was to assist European world leaders after World War I in the founding of the League of Nations, a largely ineffectual organization of world countries that would later become the United Nations. The League of Nations failed to stop the onset of World War II or act collectively to stop invasion and the resulting bloodshed caused by the Axis powers-the very function that the League of Nations had been designed for. President Wilson later suffered a stroke and would live out the rest of his days in reclusion. Even in view of these incredible miscalculations, Woodrow Wilson’s memory is commemorated.