Facts about the Fed
Feb 18, 2015 | 8202 views | 0 0 comments | 315 315 recommendations | email to a friend | print
Dear Editor:

Most Americans have no real understanding of the operation of bankers or where money comes from. Consequently many are indifferent to the machinations of the Federal Reserve.

I implore those concerned about debt, sound money, transparency, liberty, taxation without representation to consider the following facts.

After having consolidated their financial grip on most of the European nations, the Rothschild family along with other wealthy international bankers wished to extend their sphere of influence in the United States.

In November 1910 after several failed attempts to establish a central bank, a group of bankers met surreptitiously on Jekyll Island North Carolina to draft a plan they would call the Federal Reserve System. They decided on this name because it would deceive the people into thinking it was a government agency administered and regulated by congress.

In reality, the Federal Reserve System is owned by private individuals. It is a consortium of unelected unaccountable bankers who hold the value of the dollar in their hands. They control interest rates and create money out of thin air by buying bonds issued by the government, charging the taxpayers fees and interest payments.

This has the same effect as printing money. Policies and actions of the Fed do not have to be approved by the president, the congress or any elected official and it has never been audited.

Why would the government grant a monopoly to private bankers to print money and pay fees and interest when it has the authority to make the money itself interest free? The Constitution gives only congress authority to “coin money and regulate the value thereof.”

President Woodrow Wilson, who signed the Federal Reserve Act of 1913 regretted his action, “I am a most unhappy man,” he later said. “I have unwittingly ruined my country. All our activities are in the hands of a few men.”

Thomas Jefferson warned, “I believe banking institutions are more dangerous to our liberties than standing armies.” Mayer Anselm Rothschild stated, “Give me control of a nation’s money supply and I care not who makes its laws.”

Sincerely,

Ed Konecnik

Flushing

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