Page Suggestions: Freemasonry, The Order of the Illuminati, The one world church

The Council on Foreign Relations and The New World Order

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Though unconstitutional, as only "The Congress shall have Power...To coin Money, regulate the Value thereof..." (Article I, Section 8, U.S. Constitution) the Federal Reserve Act was passed in December 1913; ostensibly to stabilize the economy and prevent further panics, but as Lindberg warned Congress: "This act establishes the most gigantic trust on earth...the invisible government by the money power, proven to exist by the Money Trust investigation, will be legalized." The Great Depression and numerous recessions later, it is obvious the Federal Reserve produces inflation and federal debt whenever it desires, but not stability.

Although called "Federal," the Federal Reserve system is privately owned by member banks, makes its own policies, and is not subject to oversight by Congress or the President. As the overseer and supplier of reserves, the Fed gave banks access to public funds, which enhanced their lending capacity.

Peter Kershaw, in "Economic Solutions" lists the ten major shareholders of the Federal Reserve Bank System as: Rothschild: London and Berlin; Lazard Bros.: Paris; Israel Seiff: Italy; Kuhn-Loeb Company: Germany; Warburg: Hamburg and Amsterdam; Lehman Bros.: New York; Goldman and Sachs: New York; Rockefeller: New York. (That most, if not all of these families just happen to be Jewish, you may judge the significance of yourself). The balance of stock is owned by major commercial member banks.

According to Davvy Kidd, Why A Bankrupt America? The Federal Reserve pays the Bureau of Engraving and Printing approximately $23 for each 1,000 notes printed. 10,000 $100 notes (one million dollars) would thus cost the Federal Reserve $230. They then secure a pledge of collateral equal to the face value from the U.S government. The collateral is our land, labor, and assets... collected by their agents, the IRS.

By authorizing the Fed to regulate and create money (and thus inflation), Congress gave private banks power to create profits at will. As Lindberg put it: "The new law will create inflation whenever the trusts want inflation...they can unload the stocks on the people at high prices during the excitement and then bring on a panic and buy them back at low prices...the day of reckoning is only a few years removed." That day came in 1929, with the Stock Market crash and Great Depression.

One of the most important powers given to the Fed was the right to buy and sell government securities, and provide loans to member banks so they might also purchase them. This provided another built-in mechanism for profit to the banks, if government debt was increased. All that was needed was a method to pay off the debt. This was accomplished through the passage of the income tax in 1913.

A national income tax was declared unconstitutional in 1895 by the Supreme Court, so a constitutional amendment was proposed in Congress by none other than ...Senator Nelson Aldrich. As presented to the American people it seemed reasonable enough: income tax on only one percent of income under $20,000, with the assurance that it would never increase. Since it was graduated, the tax would "soak the rich", ...but the rich had other plans, already devising a method of protecting wealth.

As described by Gary Allen in his 1976 book The Rockefeller File,

Exchanging ownership for control of wealth, foundations are also a handy means for promoting interests that benefit the wealthy. Millions of foundation dollars have been "donated" to causes such as promoting the use of drugs, while degrading preventive medicine. Since many drugs are made from coal tar derivatives, both oil companies and drug manufacturing concerns (many Rockefeller owned or controlled) are the main beneficiaries.

With the means to loan enormous sums to the government (the Federal Reserve), a method to repay the debt (income tax), and an escape from taxation for the wealthy, (foundations), all that remained was an excuse to borrow money. By some happy "coincidence," in 1914 World War I began, and after American participation national debt rose from $1 billion to $25 billion.

Woodrow Wilson was elected President in 1913, beating incumbent William Howard Taft, who had vowed to veto legislation establishing a central bank. To divide the Republican vote and elect the relatively unknown Wilson, J.P. Morgan and Co. poured money into the candidacy of Teddy Roosevelt and his Progressive Party.

According to an eyewitness, Wilson was brought to Democratic Party headquarters in 1912 by Bernard Baruch, a wealthy banker. He received an "indoctrination course" from those he met, and in return agreed, if elected: to support the projected Federal Reserve and the income tax, and "listen" to advice in case of war in Europe and on the composition of his cabinet.

Wilson's top advisor during his two terms was a man named Colonel Edward M. House. House's biographer, Charles Seymour, called him the "unseen guardian angel" of the Federal Reserve Act, helping to guide it through Congress. Another biographer wrote that House believed:

House wrote a book entitled Philip Dru: Administrator, published anonymously in 1912. The hero, Philip Dru, rules America and introduces radical changes, such as a graduated income tax, a central bank, and a "league of nations."

World War I produced both a large national debt, and huge profits for those who had backed Wilson. Baruch was appointed head of the War Industries Board, where he exercised dictatorial power over the national economy. He and the Rockefellers were reported to have earned over $200 million during the war. Wilson backer Cleveland Dodge sold munitions to the allies, while J.P. Morgan loaned them hundreds of millions, with the protection of U.S. entry into the war.