THE FEDERAL RESERVE BANK IS A VIOLATION OF ARTICLE 1, SECTION 8, OF THE CONSTITUTION
AMERICA LEARN BY YOUR HISTORY OR IT WILL BITE YOU IN THE ASS IN THE FUTURE. clifylq
Federal Reserve Bank (Inc.) A Murderous History?
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THANK YOU ISRAEL FOR LETTING ME BE THE ONE TO NUKE IRAN FOR SATAN
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The
Federal Reserve Bank is a consortium of twelve private banks which are
not part of the United States Government. These private banks purchase
paper notes from the U.S. mint for printing cost then lend back the
money plus interest to the people through member banks. The profits go
into the share holders of the bank's pocket's. Sometimes the bank pays
an arbitrary 'franchise fee' to the U.S.
The first two private National Banking Systems lasted about 20 years before being eliminated. The current Federal Reserve Bank private National Bank has lasted nearly 100 years. The cost to the U.S. public is hundreds of billions of dollars every year while holding the country in a constant state of debt.
There have been assassination attempts on every President who attempted to eliminate these private National Banks. The Federal Reserve Bank has not once been audited and never pays any income tax on their astonishing income. The bank is supposed to bring stability to the economy, however, almost every major marked crash can be attributed to the Federal Reserve Bank, including the Great Depression.
In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks. In 1933 Roosevelt confiscated citizens gold and handed it to these private banks.
Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Congress has no authority to delegate this responsibility to third parties
http://www.libertyforlife.com/banking/f
The Satanic Rothchild Dynasty
http://www.thewatcherfiles.com/bloodlin
Federal Reserve Bank - Bringing Instability To U.S. Markets
According to the highest law of the land, the U.S. Constitution, only silver and gold may be used as legal tender:
Art 1, Sec 10: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
In exchange for financial support for his presidential campaign, Woodrow Wilson's agreed that if elected, he would sign the Federal Reserve Act. In December 1913, while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and signed by President Wilson. Regarding his actions Wilson later admitted. "I have unwittingly ruined my country". The Federal Reserve Act handed the people's money to private bankers who then lent it back to the people, plus interest.
The purported purpose of the Federal Reserve Bank is to bring stability to the U.S. economy. However, what does the track record show?
In 1933 President Franklin Roosevelt committed treason and closed American banks and force citizens to turn in their gold to a private bank. The President has no authority to order the people to give their gold to a private bank, yet this is exactly what Roosevelt did! The bank issued citizens in return for their legal tender paper notes which they charge us interest for using.
http://www.libertyforlife.com/eye-opene
Many suggest that the use of the Federal Reserve Bank note is what the governments uses to justify taxing citizens in a nation that was built on the rebellion against paying taxes. The Boston Tea Party was a rebellion about 2% taxes being raised to 5% - do the math, the average U.S. taxpayer pays around 60% of what they earn in some form of tax to a government that clearly acts with criminal intent and gives hardly anything back.
Clearly the use of a national note for conducting business is a significant benefit to business, while it is argued that the service the Federal Reserve Bank provides is to stabilize the U.S. economy. The greatest power bestowed on the new Federal Reserve System was establishment of the discount rate or Prime Rate: The rate of interest charged by these private Banks when lending to member banking institutions. The ability to raise the discount rate has the tendency to slow down the economy, while dropping rates would tend to stimulate economic activity (while making the bankers enormous profits).
Put another way: if they increase the interest rate, then companies that need capital, like startup companies, are killed; Fat old companies who do not need to borrow money to grow are generally not affected. http://www.libertyforlife.com/banking/u
Franklin D. Roosevelt's Executive Order 6102 Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government.
April 5th, 1933
BY VIRTUE Of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of this order:
http://www.libertyforlife.com/eye-opene
UNITED STATES TIME LINE IN RELATION TO BANKING AND PAPER MONEY
The United States Constitution demands (to this day) that the only "legal tender" in this country be gold and silver coin (look up: Article I, Section 10, Clause 1).
SOURCE: http://www.atgpress.com/kifap/monie.h
1765: Prior to the establishment of the United States, Blackstone said in his commentaries: "If a man counterfeits the King's money; and if a man brings false money into the realm counterfeit to the money of England, knowing the money to be false." As to the first branch, counterfeiting the King's money; this is treason, whether the false money be uttered in payment or not. Also if the King's own ministers alter the standard of alloy established by law, it is treason."
1781: George Washington wrote to John Laurens and said: "Experience has demonstrated the impracticability long to maintain a paper credit without funds for its redemption."
APRIL 12, 1782: John Adams negotiated with the Netherlands to receive a loan and recognition for the United States.
APRIL 19, 1782: The Netherlands recognized the independence of the United States.
JUNE 11, 1782: Dutch bankers agree to lend two million dollars to the United States.
OCTOBER 8, 1782: A treaty of commerce and friendship was signed between the United States and the Netherlands.
NOVEMBER 30, 1782: A preliminary peace treaty is signed between the United States and England. The most important provisions are the establishment of boundaries and recognition of American independence. All debts due to creditors of either country are accepted as valid debts.
FEBRUARY 28, 1785: Britain threatens to break off the treaty because Americans have failed to comply with the treaty, by having paid the debts owed to Britain.
JUNE-SEPTEMBER 1785: There is a major depression because of unstable paper money resulting in falling prices. This allowed some of the States to discharge their debts on a basis which was sometimes a thousand to one.
1786: The board of Treasury in 1786 condemned paper currency "the revival of a paper currency and the rage for another experiment in this fallacious medium that has so far prevailed as to enter into the system of revenue of several States"
1787: During the federal convention, Roger Sherman made the statement that: "no Government has a right to impose on its subjects any foreign currency to be received in payments as money which is not of intrinsic value: unless such Government will assume and undertake to secure and make good to the possessor of such currency the full value which they oblige him to receive it for."
JANUARY 27, 1787: Shays rebellion took place because of financial depression.
JANUARY 14, 1790: Treasury Secretary Alexander Hamilton says the United States should pay its debts at par value, even though many speculators would profit by this. [As a footnote Alexander Hamilton married into the Rothschild family December 14, 1780, Alexander Hamilton was born Alexander Levine, of Jewish lineage, in St. Croix, the West Indies. After changing his name and his geographical situs, he married Elizabeth Schuyler, the second daughter of Phillip Schuyler, at the bride's home in Albany, New York. The bride's mother was Catherine Van Rensselaer, daughter of Colonel John R. Van Rensselaer, who was the son of Hendrik, the grandson of Killiaen, the first patron. [THE INTIMATE LIFE OF ALEXANDER HAMILTON, by Allan Hamilton 1910]
[It has been reported that there are documents in the British museum that prove Alexander Hamilton received payment from the Rothschild's for his dastardly deeds. Could this payment have been for his involvement in the establishment of a foreign bank in this country, and for convincing Congress to assume the States debts, which would have created a debt obligation binding the United States government and the States to the international bankers?]
JUNE 20, 1790: Alexander Hamilton convinces Congress to pass the Assumption Act, under which the federal government is to assume the States debts.
DECEMBER 14, 1790: Alexander Hamilton submits a plan for a bank of the United States, mainly as a vehicle for the funding of debts under the Assumption Act and to establish credit.
FEBRUARY 25, 1791: The bank of the United States is chartered.
MARCH 1-2, 1792: Congress debates the propriety of Alexander Hamilton's conduct of his office as Secretary of the Treasury. Nothing irregular is discovered.
APRIL 2, 1792: Congress passes the Coinage Act, which establishes a mint and prescribes a decimal system of coinage.
FEBRUARY 2, 1793: Alexander Hamilton resigns as Secretary of Treasury.
JANUARY 24-FEBRUARY 20, 1811: Congress debates renewal of the charter for the Bank of the United States.
MARCH 4, 1811: The Bank of the United States is closed permanently.
1812-1815: The War of 1812 breaks out with Britain.
The first two private National Banking Systems lasted about 20 years before being eliminated. The current Federal Reserve Bank private National Bank has lasted nearly 100 years. The cost to the U.S. public is hundreds of billions of dollars every year while holding the country in a constant state of debt.
There have been assassination attempts on every President who attempted to eliminate these private National Banks. The Federal Reserve Bank has not once been audited and never pays any income tax on their astonishing income. The bank is supposed to bring stability to the economy, however, almost every major marked crash can be attributed to the Federal Reserve Bank, including the Great Depression.
In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks. In 1933 Roosevelt confiscated citizens gold and handed it to these private banks.
Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Congress has no authority to delegate this responsibility to third parties
http://www.libertyforlife.com/banking/f
The Satanic Rothchild Dynasty
http://www.thewatcherfiles.com/bloodlin
Federal Reserve Bank - Bringing Instability To U.S. Markets
According to the highest law of the land, the U.S. Constitution, only silver and gold may be used as legal tender:
Art 1, Sec 10: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
In exchange for financial support for his presidential campaign, Woodrow Wilson's agreed that if elected, he would sign the Federal Reserve Act. In December 1913, while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and signed by President Wilson. Regarding his actions Wilson later admitted. "I have unwittingly ruined my country". The Federal Reserve Act handed the people's money to private bankers who then lent it back to the people, plus interest.
The purported purpose of the Federal Reserve Bank is to bring stability to the U.S. economy. However, what does the track record show?
In 1933 President Franklin Roosevelt committed treason and closed American banks and force citizens to turn in their gold to a private bank. The President has no authority to order the people to give their gold to a private bank, yet this is exactly what Roosevelt did! The bank issued citizens in return for their legal tender paper notes which they charge us interest for using.
http://www.libertyforlife.com/eye-opene
Many suggest that the use of the Federal Reserve Bank note is what the governments uses to justify taxing citizens in a nation that was built on the rebellion against paying taxes. The Boston Tea Party was a rebellion about 2% taxes being raised to 5% - do the math, the average U.S. taxpayer pays around 60% of what they earn in some form of tax to a government that clearly acts with criminal intent and gives hardly anything back.
Clearly the use of a national note for conducting business is a significant benefit to business, while it is argued that the service the Federal Reserve Bank provides is to stabilize the U.S. economy. The greatest power bestowed on the new Federal Reserve System was establishment of the discount rate or Prime Rate: The rate of interest charged by these private Banks when lending to member banking institutions. The ability to raise the discount rate has the tendency to slow down the economy, while dropping rates would tend to stimulate economic activity (while making the bankers enormous profits).
Put another way: if they increase the interest rate, then companies that need capital, like startup companies, are killed; Fat old companies who do not need to borrow money to grow are generally not affected. http://www.libertyforlife.com/banking/u
Franklin D. Roosevelt's Executive Order 6102 Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government.
April 5th, 1933
BY VIRTUE Of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes," in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of this order:
http://www.libertyforlife.com/eye-opene
UNITED STATES TIME LINE IN RELATION TO BANKING AND PAPER MONEY
The United States Constitution demands (to this day) that the only "legal tender" in this country be gold and silver coin (look up: Article I, Section 10, Clause 1).
SOURCE: http://www.atgpress.com/kifap/monie.h
1765: Prior to the establishment of the United States, Blackstone said in his commentaries: "If a man counterfeits the King's money; and if a man brings false money into the realm counterfeit to the money of England, knowing the money to be false." As to the first branch, counterfeiting the King's money; this is treason, whether the false money be uttered in payment or not. Also if the King's own ministers alter the standard of alloy established by law, it is treason."
1781: George Washington wrote to John Laurens and said: "Experience has demonstrated the impracticability long to maintain a paper credit without funds for its redemption."
APRIL 12, 1782: John Adams negotiated with the Netherlands to receive a loan and recognition for the United States.
APRIL 19, 1782: The Netherlands recognized the independence of the United States.
JUNE 11, 1782: Dutch bankers agree to lend two million dollars to the United States.
OCTOBER 8, 1782: A treaty of commerce and friendship was signed between the United States and the Netherlands.
NOVEMBER 30, 1782: A preliminary peace treaty is signed between the United States and England. The most important provisions are the establishment of boundaries and recognition of American independence. All debts due to creditors of either country are accepted as valid debts.
FEBRUARY 28, 1785: Britain threatens to break off the treaty because Americans have failed to comply with the treaty, by having paid the debts owed to Britain.
JUNE-SEPTEMBER 1785: There is a major depression because of unstable paper money resulting in falling prices. This allowed some of the States to discharge their debts on a basis which was sometimes a thousand to one.
1786: The board of Treasury in 1786 condemned paper currency "the revival of a paper currency and the rage for another experiment in this fallacious medium that has so far prevailed as to enter into the system of revenue of several States"
1787: During the federal convention, Roger Sherman made the statement that: "no Government has a right to impose on its subjects any foreign currency to be received in payments as money which is not of intrinsic value: unless such Government will assume and undertake to secure and make good to the possessor of such currency the full value which they oblige him to receive it for."
JANUARY 27, 1787: Shays rebellion took place because of financial depression.
JANUARY 14, 1790: Treasury Secretary Alexander Hamilton says the United States should pay its debts at par value, even though many speculators would profit by this. [As a footnote Alexander Hamilton married into the Rothschild family December 14, 1780, Alexander Hamilton was born Alexander Levine, of Jewish lineage, in St. Croix, the West Indies. After changing his name and his geographical situs, he married Elizabeth Schuyler, the second daughter of Phillip Schuyler, at the bride's home in Albany, New York. The bride's mother was Catherine Van Rensselaer, daughter of Colonel John R. Van Rensselaer, who was the son of Hendrik, the grandson of Killiaen, the first patron. [THE INTIMATE LIFE OF ALEXANDER HAMILTON, by Allan Hamilton 1910]
[It has been reported that there are documents in the British museum that prove Alexander Hamilton received payment from the Rothschild's for his dastardly deeds. Could this payment have been for his involvement in the establishment of a foreign bank in this country, and for convincing Congress to assume the States debts, which would have created a debt obligation binding the United States government and the States to the international bankers?]
JUNE 20, 1790: Alexander Hamilton convinces Congress to pass the Assumption Act, under which the federal government is to assume the States debts.
DECEMBER 14, 1790: Alexander Hamilton submits a plan for a bank of the United States, mainly as a vehicle for the funding of debts under the Assumption Act and to establish credit.
FEBRUARY 25, 1791: The bank of the United States is chartered.
MARCH 1-2, 1792: Congress debates the propriety of Alexander Hamilton's conduct of his office as Secretary of the Treasury. Nothing irregular is discovered.
APRIL 2, 1792: Congress passes the Coinage Act, which establishes a mint and prescribes a decimal system of coinage.
FEBRUARY 2, 1793: Alexander Hamilton resigns as Secretary of Treasury.
JANUARY 24-FEBRUARY 20, 1811: Congress debates renewal of the charter for the Bank of the United States.
MARCH 4, 1811: The Bank of the United States is closed permanently.
1812-1815: The War of 1812 breaks out with Britain.
DECEMBER
5, 1815: President Madison proposes a second Bank of the United States
to succeed the first Bank that failed to be rechartered in 1811.
MARCH 14, 1816: Congress creates the second Bank of the United States.
JANUARY 7, 1817: The second Bank of the United States is opened.
SEPTEMBER 11, 1830: The Anti-Masonic party acquires national status by holding a convention in Philadelphia.
DECEMBER 6, 1830: President Andrew Jackson attacks the Bank of the United States.
SEPTEMBER 26, 1831: The Anti-Masonic party holds a national convention in Baltimore.
MARCH 17, 1832: The Banking Select Committee said: "That the consequences of the present, is that the currency of the United States is bank notes, to the exclusion of the precious metals. The exclusion of gold and silver coins from circulation is a serious defect, which ought not to be tolerated, and which should be speedily remedied. There is not an example on record of the successful issue of a paper currency, and our experiment has been too short and dubious to prove its suitableness as a permanent regulation."
JUNE 11, 1832: A bill to renew the charter of the Bank of the United States is submitted by Congress.
JULY 3 1832: The Bank bill is approved.
OCTOBER 1832: The Anti-Masonic party backs Andrew Jackson, and he is re-elected.
JUNE 1, 1833: The Secretary of Treasury refuses to follow the order of President Jackson to distribute the Bank of United States funds into State banks.
SEPTEMBER 18, 1833: President Jackson reads to his cabinet a paper drafted by the Attorney General as to the reasons why the federal deposits should be removed from the Bank of the United States.
DECEMBER 26, 1833: Senator Henry Clay offers two resolutions of censure against President Jackson for his plan to remove deposits from the Bank of the United States.
MARCH 17, 1834: Representative Gillet, a member of the Banking Select Committee, concurred in the expediency of increasing the circulation of gold coin, arguing that, "under the paper system, banks have broken, and on whom did the loss most severely fall? Upon the poor, who understood little of the condition and credit of banks. The wealthy usually foresaw the evil and protected themselves."
MARCH 28, 1834: The Senate approves the criticizing of President Jackson.
APRIL 4, 1834: The House passes four resolutions sustaining the bank policy of the Jackson administration.
APRIL 15, 1834: President Jackson makes a formal protest to the Senate concerning its resolution of censure.
MAY 7, 1834: The Senate refuses to enter President Jackson's protest in its journals.
DECEMBER 1, 1834: President Jackson declares that the national debt will be paid off JANUARY 1, 1835.
JANUARY 30, 1835: There is an attempt to assassinate President Jackson.
FEBRUARY 18, 1836: The Bank of the United States charter expires, the Bank receives a charter in Pennsylvania.
DECEMBER 5, 1836: President Andrew Jackson said in his message to Congress: "It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These were adopted by a per-exchange, such as of certain agricultural commodities recognized by the statutes of some States as tender for debts, or the still more pernicious expedient of paper currency."
JANUARY 23, 1840: A bill establishing an Independent Treasury is proposed by Congress.
JUNE 30, 1840: The Independent Treasury bill passes the House.
JULY 28, 1841: A bill re-establishing a National Bank passes the Senate.
AUGUST 13, 1841: The House approves the bill to re-establish the National Bank.
AUGUST 13, 1841: The Independent Act of 1840 is repealed.
AUGUST 16, 1841: President Tyler vetoes the Bank bill.
SEPTEMBER 3, 1841: The Senate approves the second Bank bill for a National Bank under another name.
SEPTEMBER 9, 1841: President Tyler vetoes the second Bank bill.
AUGUST 6, 1846: The Independent Treasury Act is approved.
APRIL 12, 1861: The Civil War starts.
AUGUST 5, 1861: Congress passes the first National income tax.
AUGUST 21, 1861: The United States issues the first paper currency.
FEBRUARY 25, 1863: Congress establishes a National Banking system.
1864: The Coinage Act of 1834 had the purpose of striking a fatal blow at the ability of banks to sustain a circulation of small denomination paper currencies. The invalid conclusion that the legal-tender acts of the Civil War were constitutional because they effected through a paper medium the same type of "debasement", which no one " ever imagined was taking private property without compensation or without due process of law".
APRIL 14, 1865: A short time after President Lincoln orders the Lincoln greenbacks to be printed; which would deprive the banks from charging interest on the money they would have printed, President Lincoln was assassinated by John Wilkes Booth. It's been proven this was a conspiracy because of the other four men who were involved in the assassination, and it has also been established that these men were on the payroll of the Rothschild's.
OCTOBER 31, 1865: The public debt of the United States stands at over seventy dollars per capita.
MARCH 18, 1869: Congress passes the public Credit Act to pay the public debt in gold, leaving three hundred million in greenbacks and a bitter debate about redeeming them.
JULY 28, 1868: The Fourteenth Amendment is enacted, which not only created federal citizenship, it also made it illegal for federal citizens to question the federal debt. [clause four 14th Amendment]
SEPTEMBER 24, 1869: On this "Black Friday" a financial panic occurs after two stock gamblers, Jay Gould and James Fisk, try to organize a corner on the gold market. The Grant administration dumps four million dollars in gold on the market, the price falls in fifteen minutes from one hundred and sixty two dollars to one hundred and thirty three dollars and many investors are ruined.
1873: The historian, William Graham Sumner explained that: "The popular mind rests on instances like our continental money, as showing the error of paper money where it absolutely perishes. It is thought that, short of this, only alarmists see danger. The story of Austria shows that an irredeemable paper currency is a national calamity of the first magnitude, of which one may indeed find greater or lesser examples, but of which the least is a peremptory warning to statesmen and financiers. It is like a disease in the blood, undermining the Constitution and spreading decay through all the arteries of business. In its measure and according to circumstances it is pernicious, if not fatal."
MARCH 14, 1816: Congress creates the second Bank of the United States.
JANUARY 7, 1817: The second Bank of the United States is opened.
SEPTEMBER 11, 1830: The Anti-Masonic party acquires national status by holding a convention in Philadelphia.
DECEMBER 6, 1830: President Andrew Jackson attacks the Bank of the United States.
SEPTEMBER 26, 1831: The Anti-Masonic party holds a national convention in Baltimore.
MARCH 17, 1832: The Banking Select Committee said: "That the consequences of the present, is that the currency of the United States is bank notes, to the exclusion of the precious metals. The exclusion of gold and silver coins from circulation is a serious defect, which ought not to be tolerated, and which should be speedily remedied. There is not an example on record of the successful issue of a paper currency, and our experiment has been too short and dubious to prove its suitableness as a permanent regulation."
JUNE 11, 1832: A bill to renew the charter of the Bank of the United States is submitted by Congress.
JULY 3 1832: The Bank bill is approved.
OCTOBER 1832: The Anti-Masonic party backs Andrew Jackson, and he is re-elected.
JUNE 1, 1833: The Secretary of Treasury refuses to follow the order of President Jackson to distribute the Bank of United States funds into State banks.
SEPTEMBER 18, 1833: President Jackson reads to his cabinet a paper drafted by the Attorney General as to the reasons why the federal deposits should be removed from the Bank of the United States.
DECEMBER 26, 1833: Senator Henry Clay offers two resolutions of censure against President Jackson for his plan to remove deposits from the Bank of the United States.
MARCH 17, 1834: Representative Gillet, a member of the Banking Select Committee, concurred in the expediency of increasing the circulation of gold coin, arguing that, "under the paper system, banks have broken, and on whom did the loss most severely fall? Upon the poor, who understood little of the condition and credit of banks. The wealthy usually foresaw the evil and protected themselves."
MARCH 28, 1834: The Senate approves the criticizing of President Jackson.
APRIL 4, 1834: The House passes four resolutions sustaining the bank policy of the Jackson administration.
APRIL 15, 1834: President Jackson makes a formal protest to the Senate concerning its resolution of censure.
MAY 7, 1834: The Senate refuses to enter President Jackson's protest in its journals.
DECEMBER 1, 1834: President Jackson declares that the national debt will be paid off JANUARY 1, 1835.
JANUARY 30, 1835: There is an attempt to assassinate President Jackson.
FEBRUARY 18, 1836: The Bank of the United States charter expires, the Bank receives a charter in Pennsylvania.
DECEMBER 5, 1836: President Andrew Jackson said in his message to Congress: "It is apparent from the whole context of the Constitution as well as the history of the times which gave birth to it, that it was the purpose of the Convention to establish a currency consisting of the precious metals. These were adopted by a per-exchange, such as of certain agricultural commodities recognized by the statutes of some States as tender for debts, or the still more pernicious expedient of paper currency."
JANUARY 23, 1840: A bill establishing an Independent Treasury is proposed by Congress.
JUNE 30, 1840: The Independent Treasury bill passes the House.
JULY 28, 1841: A bill re-establishing a National Bank passes the Senate.
AUGUST 13, 1841: The House approves the bill to re-establish the National Bank.
AUGUST 13, 1841: The Independent Act of 1840 is repealed.
AUGUST 16, 1841: President Tyler vetoes the Bank bill.
SEPTEMBER 3, 1841: The Senate approves the second Bank bill for a National Bank under another name.
SEPTEMBER 9, 1841: President Tyler vetoes the second Bank bill.
AUGUST 6, 1846: The Independent Treasury Act is approved.
APRIL 12, 1861: The Civil War starts.
AUGUST 5, 1861: Congress passes the first National income tax.
AUGUST 21, 1861: The United States issues the first paper currency.
FEBRUARY 25, 1863: Congress establishes a National Banking system.
1864: The Coinage Act of 1834 had the purpose of striking a fatal blow at the ability of banks to sustain a circulation of small denomination paper currencies. The invalid conclusion that the legal-tender acts of the Civil War were constitutional because they effected through a paper medium the same type of "debasement", which no one " ever imagined was taking private property without compensation or without due process of law".
APRIL 14, 1865: A short time after President Lincoln orders the Lincoln greenbacks to be printed; which would deprive the banks from charging interest on the money they would have printed, President Lincoln was assassinated by John Wilkes Booth. It's been proven this was a conspiracy because of the other four men who were involved in the assassination, and it has also been established that these men were on the payroll of the Rothschild's.
OCTOBER 31, 1865: The public debt of the United States stands at over seventy dollars per capita.
MARCH 18, 1869: Congress passes the public Credit Act to pay the public debt in gold, leaving three hundred million in greenbacks and a bitter debate about redeeming them.
JULY 28, 1868: The Fourteenth Amendment is enacted, which not only created federal citizenship, it also made it illegal for federal citizens to question the federal debt. [clause four 14th Amendment]
SEPTEMBER 24, 1869: On this "Black Friday" a financial panic occurs after two stock gamblers, Jay Gould and James Fisk, try to organize a corner on the gold market. The Grant administration dumps four million dollars in gold on the market, the price falls in fifteen minutes from one hundred and sixty two dollars to one hundred and thirty three dollars and many investors are ruined.
1873: The historian, William Graham Sumner explained that: "The popular mind rests on instances like our continental money, as showing the error of paper money where it absolutely perishes. It is thought that, short of this, only alarmists see danger. The story of Austria shows that an irredeemable paper currency is a national calamity of the first magnitude, of which one may indeed find greater or lesser examples, but of which the least is a peremptory warning to statesmen and financiers. It is like a disease in the blood, undermining the Constitution and spreading decay through all the arteries of business. In its measure and according to circumstances it is pernicious, if not fatal."
FEBRUARY
12, 1873: Congress terminates the coinage of silver, because the
intrinsic value of bullion exceeds its face value, this Act becomes
known as "the crime of 73."
SEPTEMBER 8, 1873: Jay Cooke and Company declares itself bankrupt, this causes a three year depression.
APRIL 22, 1874: President Grant vetoes a bill passed by Congress validating the issuance of greenbacks.
JUNE 20, 1874: Congress passes a Currency Act fixing the maximum amount of greenbacks in circulation at three hundred and eighty- eight million dollars.
JANUARY 14, 1875: Congress passes the Specie Resumption Act, reducing the circulation of greenbacks to three hundred million dollars.
SEPTEMBER 8, 1873: Jay Cooke and Company declares itself bankrupt, this causes a three year depression.
APRIL 22, 1874: President Grant vetoes a bill passed by Congress validating the issuance of greenbacks.
JUNE 20, 1874: Congress passes a Currency Act fixing the maximum amount of greenbacks in circulation at three hundred and eighty- eight million dollars.
JANUARY 14, 1875: Congress passes the Specie Resumption Act, reducing the circulation of greenbacks to three hundred million dollars.
AUGUST 19, 1877: In a speech made by the Secretary of
Treasury John Sherman, he said: "There is a large class of people who
believe that paper can be, and ought to be, made into money without any
promise or hope of redemption; that a note should be printed: "This is a
dollar," and be made a legal tender. I regard this as a mild form of
lunacy, and have no disposition to debate with men who indulge in such
delusions, which have prevailed to some extent, at different times, in
all countries, but whose life has been brief, and which have shared the
fate of other popular delusions. The Supreme Court only maintained the
constitutionality of the legal tender promise to pay a dollar by a
divided court, and on the ground that it was issued in the nature of a
forced loan, to be redeemed upon the payment of a real dollar; that is,
so many grains of silver or gold. I therefore dismiss such wild
theories, and speak only to those who are willing to assume, as an
axiom, that gold and silver or coined money, have been proven by all
human experience to be the best possible standards of value, and that
paper money is simply a promise to pay such coined money, and should be
made and kept equal to coined money, by being convertible on demand.
[emphasis mine]
JANUARY 1885: The Treasury surplus was up to five hundred million dollars.
JANUARY 17, 1894: The federal gold reserves drop to only sixty million dollars. The federal government offers a bond issue of fifty million dollars to make up gold reserve losses.
NOVEMBER 13, 1894: Another federal bond issue of fifty million dollars is offered. Because of poor public response, most of this loan is taken over by New York bankers.
JANUARY 6, 1896: The fourth bond issue in three years is floated, this time in public subscription totaling one hundred million dollars, federal treasury reserves are down to seventy nine million dollars which is considered so low as to endanger the continuance of the gold standard.
MARCH 14, 1900: Congress passes the Gold Standard Act, under which other forms of money are made redeemable in gold on demand, a gold reserve of one hundred and fifty million dollars is created, and the sale of bonds is authorized when necessary to maintain the reserve.
MARCH 13, 1907: A financial panic begins with a sharp drop of the stock market.
OCTOBER-NOVEMBER 1907: A run begins on October 23rd on the Knickerbocker Trust Co. that wipes out that bank, many other banks fail, unemployment rises, and food prices soar. Increased bank deposits infused by the United States Treasury restore confidence, supported by loans from such capitalist leaders as J. Pierpont Morgan.
MAY 30, 1908: Under the impact of the financial panic of 1907, the Aldrich-Vreeland Currency Act is passed by Congress, it establishes the National Monetary Commission to study banking.
JULY 12 1909: Congress passes an amendment to the Constitution authorizing the imposition of a tax on incomes.
FEBRUARY 25, 1913: The sixteenth Amendment to the Constitution of the United States is declared in effect. [As a footnote: This amendment did not confer any new power of taxation on Congress and did not extend the power of taxation to subjects previously exempted. Its whole purpose was to exclude the source from which income tax is a direct tax which must be apportioned among the states, and thus remove the occasion which might otherwise exist for an apportionment. [27th American Jurisprudence, Section 17, pages 317, 318.] "The source of the taxing power is not the 16th Amendment, it is Article I, Section 8 of the Constitution." [Penn Mutual Indemnity Co. v. Commissioner, 32 T.C. 1959, CCH at pg. 659.]
December 23, 1913: The Federal Reserve Act is signed, dividing the country into twelve districts, each with a federal reserve bank. The act also provides for a drastic currency based on commercial assets rather than bonded indebtness, mobilization of bank reserves, public control of the banking system [foreign interest], and decentralization rather than centralization.
JULY 28, 1914: World War One begins.
OCTOBER 15, 1915: American bankers, organized by J.P. Morgan and Co., agree to lend Great Britain and France five hundred million dollars, the largest loan floated in any country.
JULY 11, 1916: The Federal Aid Road Act is signed by President Wilson. The measure provides five million dollars for the use of the States that undertake road building programs, and it establishes a system of highway classification. Almost two hundred and fifty thousand commercial vehicles and more than three million private cars are registered to use public roads.
JULY 17, 1916: The Federal Farm Loan Act is passed by Congress.
OCTOBER 3, 1916: Congress passes the War Revenue Act, increasing corporate and personal income taxes and establishing excise- profits, and luxury taxes.
APRIL 5, 1918: The War Finance Corporation is formed, capitalized at five hundred million dollars to support war industries through loans and bond sales.
1920: Congress abolishes the United States Treasury and establishes the Dept. of Treasury, in the Act of 1920 66th Congress session II ch. 214.
APRIL 9-16, 1924: The United States banks loan Germany two hundred million for reparation.
NOVEMBER 14, 1925: Because of a severe financial depression in Europe, the United States agrees to a sharp reduction in foreign war debts as well as interest rates on them, but still insists on partial payment.
JANUARY-APRIL 1926: War debt agreements are reached between the United States and several European countries, including France, Italy, Belgium, Czechoslovakia, Rumina, Estonia and Latvia. In the case of France it is agreed that the four billion dollars owed to the United States banks will be paid over a period of sixty two years. Italy, which owes one billion five hundred million dollars is also to be paid back in sixty two years.
MARCH 10, 1928: The United States pays three hundred million dollars to Germany to reimburse them for property taken during World War One.
JULY 10, 1929: The new paper currency, only two thirds the size of the old, goes into circulation.
1929: By increasing bank reserve requirements the Federal Reserve Bank effectively took money out of circulation and triggering the Great Depression.
OCTOBER 24-28, 1929: The stock market crashes as millions of shares change hands and billions of dollars in value are lost.
FEBRUARY 24, 1930: J.P. Morgan and Co. announce that the group formed to halt the market crash on October 24-29, has sold all its shares and is disbanded.
DECEMBER 11, 1930: The largest Bank failure in the nations history takes place when the Bank of the United States closes its doors in New York.
SEPTEMBER-OCTOBER 1931: The bank panic increases as over eight hundred banks are closed in two months. Individuals start to hoard gold to protect themselves.
DECEMBER 8, 1931: The President's Address message to Congress calls for increased taxation to make up for the deficit of nine hundred and two millon dollars for the year 30-31.
JANUARY 22, 1932: The Reconstruction Finance Corporation came into existence with the purpose of loaning money to the banks.
FEBRUARY 27, 1932: Congress passes the Glass-Steagall Act, which authorizes the sale of seven hundred and fifty million dollars worth of the government gold supply and allows the federal reserve system more leeway in discounting commercial paper.
JULY 21, 1932: President Hoover signs the Emergency Relief Act which provides three hundred million dollars in loans to the States and increases the Reconstruction Finance Corporations debtceiling to three billion dollars to make loans to State and local governments.
March 10, 1933: By the continued use of paper money the United States had to be declared bankrupt, which was proven by the bankruptcy procedures that were followed in President Roosevelt's Executive Orders. President Roosevelt declared the United States bankrupt by Presidential Executive Order, 6073 and the subsequent Executive Orders, 6102, 6111 and 6260.[these documents are still publicly attainable in any federal depository library]
MAY 23, 1933: On the House floor, Congressman McFadden brought impeachment charges against many of the federal reserve board members, federal reserve agents of many States, comptroller of the currency, and several secretaries of the United States Treasury for high crimes and misdemeanors, including the theft of eighty billion dollars from the United States Government and with committing the same thefts in 1929, 1930, 1931, 1932 and 1933 and in the years previous to 1928, amounting to billions of dollars. These charges were remanded to the Judiciary committee for investigation, where these charges were effectively buried and until this day have never been answered. [See Congressional Record pp.4055-4058 May 23, 1933]
JUNE 16, 1933: The National Industrial Recovery Act is passed, this allows private corporations to make their own laws and write their own statutes, as applied to the public.
JANUARY 30, 1934: The Gold Reserve Act gives the President the right to change the value of the dollar. The President immediately devalues the dollar to fifty nine cents.
JUNE 28, 1934: The Federal Home Association is established, to insure the loans made by banks in building homes.
MAY 27, 1935: The United States Supreme Court declares that the National Industrial Recovery Act is unconstitutional. Since the federal reserve is a private corporation and passes its own laws; does this not make the federal reserve unconstitutional [illegal]? [Schechter Poultry Corp. v. United States, 295 U.S. 495 1934]
AUGUST 14, 1935: The Social Security Act [Federal Insurance Contribution Act] becomes law, the American people are told this is a insurance policy. This is actually an agreement between you and the United States government where you have agreed under tort law that you have contributed to the national debt and that you are a wrong doer under the definition of the word contribution, as it is used by the government. [see the word contribution and the words tort feasor in Blacks Law Dictionary 6th ed.]
AUGUST 23, 1935: The Banking Act of 1935 is passed, restructuring the federal reserve system to allow for increased control of banking and credit.
AUGUST 28, 1935: The Public Utility Act is signed, the United States takes control of the countries utilities.
AUGUST 29, 1935: Congress passes the Farm Mortgage Act to offset the Supreme Courts decision against the Federal Farm Bankruptcy Act.
JANUARY 4, 1939: President Roosevelt requests one billion three hundred and nineteen million five hundred and fifty eight thousand dollars for defense.
JANUARY 5, 1939: President Roosevelt submits a budget of nine billion dollars to Congress.
SEPTEMBER 1, 1939: World War Two Begins.
JANUARY 3, 1940: President Roosevelt requests one billion eight hundred million dollars for defense.
MAY 31, 1940: President Roosevelt requests one billion three hundred million dollars for defense.
JUNE 22, 1940: Congress raises the national debt ceiling to a record high of forty nine billion dollars.
JANUARY 8, 1941: The Presidents budget calls for a record seventeen billion eight hundred million dollars, of which sixty percent is for defense.
MARCH 30, 1941: President Roosevelt approves a measure that raises the ceiling on the public debt to a record sixty five billion dollars.
JANUARY 5, 1943: President Roosevelt proposed budget for the fiscal year 1943 is one hundred and eight billion nine hundred and three million dollars.
JANUARY 13, 1944: President Roosevelt proposes a budget of one hundred billion dollars for 1944.
JULY 28, 1945: The United Nations charter is ratified by the Senate.
JANUARY 2, 1950: A report by the United States Dept. of Commerce shows that for the period July 1, 1945 to September 30, 1949, the United States spent almost twenty five billion dollars in foreign aid. Military spending for the same years has been one third of the yearly budget.
JULY 19, 1950: President Truman calls for partial mobilization after Korea crosses the 38th parallel and also asks Congress for ten billion dollars for the military.
APRIL 30, 1951: President Truman gets fifty seven billion dollars for defense for 1951.
JANUARY 21, 1952: The President's budget calls for expenditures of eighty five billion four hundred and forty four million dollars for the coming fiscal year. Slightly over three fourths of the budget is to spent on "national security".
JUNE 29, 1955: The Federal Aid Highway Act is signed by the President. It authorizes thirty three billion dollars to be spent over the next thirteen years on the highways.
JANUARY 16, 1957: A peace time budget of seventy two billion eight hundred and seven million dollars is proposed.
JANUARY 13, 1958: The fiscal deficit is up to twelve billion four hundred twenty seven million dollars.
AUGUST 7, 1958: President Eisenhower signs into law an appropriations bill for defense in the amount of thirty nine billion six hundred and two million eight hundred and twenty seven thousand dollars.
1961: President Eisenhower allots forty seven billion six hundred and fifty four million dollars for defense.
NOVEMBER 28, 1961: President Kennedy "reached the decision that silver metal should gradually be withdrawn from our monetary reserves."
1963: Six days prior to President John F. Kennedy being assassinated, he ordered the Treasury to print United States Notes to be used as legal tender, a limited amount were printed before his untimely death.
JANUARY 1885: The Treasury surplus was up to five hundred million dollars.
JANUARY 17, 1894: The federal gold reserves drop to only sixty million dollars. The federal government offers a bond issue of fifty million dollars to make up gold reserve losses.
NOVEMBER 13, 1894: Another federal bond issue of fifty million dollars is offered. Because of poor public response, most of this loan is taken over by New York bankers.
JANUARY 6, 1896: The fourth bond issue in three years is floated, this time in public subscription totaling one hundred million dollars, federal treasury reserves are down to seventy nine million dollars which is considered so low as to endanger the continuance of the gold standard.
MARCH 14, 1900: Congress passes the Gold Standard Act, under which other forms of money are made redeemable in gold on demand, a gold reserve of one hundred and fifty million dollars is created, and the sale of bonds is authorized when necessary to maintain the reserve.
MARCH 13, 1907: A financial panic begins with a sharp drop of the stock market.
OCTOBER-NOVEMBER 1907: A run begins on October 23rd on the Knickerbocker Trust Co. that wipes out that bank, many other banks fail, unemployment rises, and food prices soar. Increased bank deposits infused by the United States Treasury restore confidence, supported by loans from such capitalist leaders as J. Pierpont Morgan.
MAY 30, 1908: Under the impact of the financial panic of 1907, the Aldrich-Vreeland Currency Act is passed by Congress, it establishes the National Monetary Commission to study banking.
JULY 12 1909: Congress passes an amendment to the Constitution authorizing the imposition of a tax on incomes.
FEBRUARY 25, 1913: The sixteenth Amendment to the Constitution of the United States is declared in effect. [As a footnote: This amendment did not confer any new power of taxation on Congress and did not extend the power of taxation to subjects previously exempted. Its whole purpose was to exclude the source from which income tax is a direct tax which must be apportioned among the states, and thus remove the occasion which might otherwise exist for an apportionment. [27th American Jurisprudence, Section 17, pages 317, 318.] "The source of the taxing power is not the 16th Amendment, it is Article I, Section 8 of the Constitution." [Penn Mutual Indemnity Co. v. Commissioner, 32 T.C. 1959, CCH at pg. 659.]
December 23, 1913: The Federal Reserve Act is signed, dividing the country into twelve districts, each with a federal reserve bank. The act also provides for a drastic currency based on commercial assets rather than bonded indebtness, mobilization of bank reserves, public control of the banking system [foreign interest], and decentralization rather than centralization.
JULY 28, 1914: World War One begins.
OCTOBER 15, 1915: American bankers, organized by J.P. Morgan and Co., agree to lend Great Britain and France five hundred million dollars, the largest loan floated in any country.
JULY 11, 1916: The Federal Aid Road Act is signed by President Wilson. The measure provides five million dollars for the use of the States that undertake road building programs, and it establishes a system of highway classification. Almost two hundred and fifty thousand commercial vehicles and more than three million private cars are registered to use public roads.
JULY 17, 1916: The Federal Farm Loan Act is passed by Congress.
OCTOBER 3, 1916: Congress passes the War Revenue Act, increasing corporate and personal income taxes and establishing excise- profits, and luxury taxes.
APRIL 5, 1918: The War Finance Corporation is formed, capitalized at five hundred million dollars to support war industries through loans and bond sales.
1920: Congress abolishes the United States Treasury and establishes the Dept. of Treasury, in the Act of 1920 66th Congress session II ch. 214.
APRIL 9-16, 1924: The United States banks loan Germany two hundred million for reparation.
NOVEMBER 14, 1925: Because of a severe financial depression in Europe, the United States agrees to a sharp reduction in foreign war debts as well as interest rates on them, but still insists on partial payment.
JANUARY-APRIL 1926: War debt agreements are reached between the United States and several European countries, including France, Italy, Belgium, Czechoslovakia, Rumina, Estonia and Latvia. In the case of France it is agreed that the four billion dollars owed to the United States banks will be paid over a period of sixty two years. Italy, which owes one billion five hundred million dollars is also to be paid back in sixty two years.
MARCH 10, 1928: The United States pays three hundred million dollars to Germany to reimburse them for property taken during World War One.
JULY 10, 1929: The new paper currency, only two thirds the size of the old, goes into circulation.
1929: By increasing bank reserve requirements the Federal Reserve Bank effectively took money out of circulation and triggering the Great Depression.
OCTOBER 24-28, 1929: The stock market crashes as millions of shares change hands and billions of dollars in value are lost.
FEBRUARY 24, 1930: J.P. Morgan and Co. announce that the group formed to halt the market crash on October 24-29, has sold all its shares and is disbanded.
DECEMBER 11, 1930: The largest Bank failure in the nations history takes place when the Bank of the United States closes its doors in New York.
SEPTEMBER-OCTOBER 1931: The bank panic increases as over eight hundred banks are closed in two months. Individuals start to hoard gold to protect themselves.
DECEMBER 8, 1931: The President's Address message to Congress calls for increased taxation to make up for the deficit of nine hundred and two millon dollars for the year 30-31.
JANUARY 22, 1932: The Reconstruction Finance Corporation came into existence with the purpose of loaning money to the banks.
FEBRUARY 27, 1932: Congress passes the Glass-Steagall Act, which authorizes the sale of seven hundred and fifty million dollars worth of the government gold supply and allows the federal reserve system more leeway in discounting commercial paper.
JULY 21, 1932: President Hoover signs the Emergency Relief Act which provides three hundred million dollars in loans to the States and increases the Reconstruction Finance Corporations debtceiling to three billion dollars to make loans to State and local governments.
March 10, 1933: By the continued use of paper money the United States had to be declared bankrupt, which was proven by the bankruptcy procedures that were followed in President Roosevelt's Executive Orders. President Roosevelt declared the United States bankrupt by Presidential Executive Order, 6073 and the subsequent Executive Orders, 6102, 6111 and 6260.[these documents are still publicly attainable in any federal depository library]
MAY 23, 1933: On the House floor, Congressman McFadden brought impeachment charges against many of the federal reserve board members, federal reserve agents of many States, comptroller of the currency, and several secretaries of the United States Treasury for high crimes and misdemeanors, including the theft of eighty billion dollars from the United States Government and with committing the same thefts in 1929, 1930, 1931, 1932 and 1933 and in the years previous to 1928, amounting to billions of dollars. These charges were remanded to the Judiciary committee for investigation, where these charges were effectively buried and until this day have never been answered. [See Congressional Record pp.4055-4058 May 23, 1933]
JUNE 16, 1933: The National Industrial Recovery Act is passed, this allows private corporations to make their own laws and write their own statutes, as applied to the public.
JANUARY 30, 1934: The Gold Reserve Act gives the President the right to change the value of the dollar. The President immediately devalues the dollar to fifty nine cents.
JUNE 28, 1934: The Federal Home Association is established, to insure the loans made by banks in building homes.
MAY 27, 1935: The United States Supreme Court declares that the National Industrial Recovery Act is unconstitutional. Since the federal reserve is a private corporation and passes its own laws; does this not make the federal reserve unconstitutional [illegal]? [Schechter Poultry Corp. v. United States, 295 U.S. 495 1934]
AUGUST 14, 1935: The Social Security Act [Federal Insurance Contribution Act] becomes law, the American people are told this is a insurance policy. This is actually an agreement between you and the United States government where you have agreed under tort law that you have contributed to the national debt and that you are a wrong doer under the definition of the word contribution, as it is used by the government. [see the word contribution and the words tort feasor in Blacks Law Dictionary 6th ed.]
AUGUST 23, 1935: The Banking Act of 1935 is passed, restructuring the federal reserve system to allow for increased control of banking and credit.
AUGUST 28, 1935: The Public Utility Act is signed, the United States takes control of the countries utilities.
AUGUST 29, 1935: Congress passes the Farm Mortgage Act to offset the Supreme Courts decision against the Federal Farm Bankruptcy Act.
JANUARY 4, 1939: President Roosevelt requests one billion three hundred and nineteen million five hundred and fifty eight thousand dollars for defense.
JANUARY 5, 1939: President Roosevelt submits a budget of nine billion dollars to Congress.
SEPTEMBER 1, 1939: World War Two Begins.
JANUARY 3, 1940: President Roosevelt requests one billion eight hundred million dollars for defense.
MAY 31, 1940: President Roosevelt requests one billion three hundred million dollars for defense.
JUNE 22, 1940: Congress raises the national debt ceiling to a record high of forty nine billion dollars.
JANUARY 8, 1941: The Presidents budget calls for a record seventeen billion eight hundred million dollars, of which sixty percent is for defense.
MARCH 30, 1941: President Roosevelt approves a measure that raises the ceiling on the public debt to a record sixty five billion dollars.
JANUARY 5, 1943: President Roosevelt proposed budget for the fiscal year 1943 is one hundred and eight billion nine hundred and three million dollars.
JANUARY 13, 1944: President Roosevelt proposes a budget of one hundred billion dollars for 1944.
JULY 28, 1945: The United Nations charter is ratified by the Senate.
JANUARY 2, 1950: A report by the United States Dept. of Commerce shows that for the period July 1, 1945 to September 30, 1949, the United States spent almost twenty five billion dollars in foreign aid. Military spending for the same years has been one third of the yearly budget.
JULY 19, 1950: President Truman calls for partial mobilization after Korea crosses the 38th parallel and also asks Congress for ten billion dollars for the military.
APRIL 30, 1951: President Truman gets fifty seven billion dollars for defense for 1951.
JANUARY 21, 1952: The President's budget calls for expenditures of eighty five billion four hundred and forty four million dollars for the coming fiscal year. Slightly over three fourths of the budget is to spent on "national security".
JUNE 29, 1955: The Federal Aid Highway Act is signed by the President. It authorizes thirty three billion dollars to be spent over the next thirteen years on the highways.
JANUARY 16, 1957: A peace time budget of seventy two billion eight hundred and seven million dollars is proposed.
JANUARY 13, 1958: The fiscal deficit is up to twelve billion four hundred twenty seven million dollars.
AUGUST 7, 1958: President Eisenhower signs into law an appropriations bill for defense in the amount of thirty nine billion six hundred and two million eight hundred and twenty seven thousand dollars.
1961: President Eisenhower allots forty seven billion six hundred and fifty four million dollars for defense.
NOVEMBER 28, 1961: President Kennedy "reached the decision that silver metal should gradually be withdrawn from our monetary reserves."
1963: Six days prior to President John F. Kennedy being assassinated, he ordered the Treasury to print United States Notes to be used as legal tender, a limited amount were printed before his untimely death.
This
action would have put the federal reserve out of business because they
would no longer be able to collect interest on the money they would have
printed. This would have eventually removed the financial and political
control the international bankers had over this country. Ten days prior
to his assassination President Kennedy said "The high office of
President has been used to foment a plot to destroy the American's
freedom, and before I leave office I must inform the citizen of his
plight."
NOVEMBER
22, 1963: President John F. Kennedy is assassinated. One of the first
acts President Johnson orders is the reversal of the order President
Kennedy had made, which had allowed the printing of United States Notes
without interest. Was President Kennedy assassinated for the same
reasons as President Lincoln?
NOVEMBER 26, 1963: Prior to this date the federal reserve notes were a promise to pay and were redeemable on demand by the bearer for lawful money. After President Johnson's order to remove the United States notes, the Federal Reserve issued federal reserve notes without the promise to pay to the bearer on demand lawful money. Interestingly, the first fifty million no-promise federal reserve notes were shipped out the same day that President John F. Kennedy was buried.
MARCH 8, 1965: The first troops landed in Vietnam.
1967: The deficit is announced to be twenty five billion dollars.
JUNE 1968: Marked the first time in United States history that a paper currency, purportedly designated as legal tender, was not directly or indirectly redeemable in silver or gold coin or bullion.
SEPTEMBER 30, 1967: President Johnson submits a record budget of one hundred and eighty six billion dollars.
NOVEMBER 26, 1963: Prior to this date the federal reserve notes were a promise to pay and were redeemable on demand by the bearer for lawful money. After President Johnson's order to remove the United States notes, the Federal Reserve issued federal reserve notes without the promise to pay to the bearer on demand lawful money. Interestingly, the first fifty million no-promise federal reserve notes were shipped out the same day that President John F. Kennedy was buried.
MARCH 8, 1965: The first troops landed in Vietnam.
1967: The deficit is announced to be twenty five billion dollars.
JUNE 1968: Marked the first time in United States history that a paper currency, purportedly designated as legal tender, was not directly or indirectly redeemable in silver or gold coin or bullion.
SEPTEMBER 30, 1967: President Johnson submits a record budget of one hundred and eighty six billion dollars.
JANUARY
29, 1971: President Nixon announces that the deficit is thirty eight
billion seven hundred and eighty three million dollars.
1972: President Nixon announces the federal government will share thirty billion dollars with State and local governments.
1974: President Nixon announces a fiscal budget of three hundred and four billion four hundred million dollars.
FEBRUARY 3, 1975: President Ford announces a deficit of fifty one billion five hundred million dollars.
1980: Under the Depository Institutions Monetary Control Act of 1980, the Federal Reserve Bank can, and does, simply print tens of billions of dollars to buy the worthless bonds of dictatorial regimes called “monetizing foreign debt”, effectively supporting tyrannical regimes in other nations.
http://www.libertyforlife.com/banking/c
AMERICA
WE NEED TO DESTROY THE EVIL ROTHCHILD’S FEDERAL RESERVE BANKS CONTROL OVER AMERICA’S MONETARY SYSTEM. IT IS TOTALLY ILLEGAL!
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Congress has NO AUTHORITY to delegate this responsibility to third parties (Jews)
In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks. In 1933 Roosevelt confiscated citizens gold and handed it to these private bank
http://www.libertyforlife.com/banking/f
HOW MANY PRESIDENTS, AMERICANS, AND MUSLIMS MUST WE ALLOW THIS SATANIC CABAL OF ZIONIST NAZIS TO HAVE THE CONTROLS OF AMERICA’S PURSE STRINGS? THIS IS TOTALLY ILLEGAL FRIENDS WHAT THEY HAVE DONE HERE. THESE ZIONIST BASTARDS ARE DRAGGING US ALL INTO WW3 SO THEY CAN GAIN MORE FINANCIAL CONTROLS AND ALL OF THE MIDDLE EAST OIL. INSTEAD OF ALLOWING ISRAEL TO HIRE YET ANOTHER TRAITOR TO BE PRESIDENT IN 08, WE NEED TO ELECT ONE THAT FULLY INTENDS ON DESTROYING THE FEDERAL RESERVE AND AUDITING THEM TO SEE JUST HOW MUCH OF OUR TAX DOLLARS HAVE BEEN MIS SPENT BY THESE ZIONIST.
THIS EVIL BANK OF THE ROTHCHILDS HAS FUELED ALL OF OUR WARS, ORDERED 9/11 AND THE GENOCIDE OF ALL MUSLIMS THAT THREATEN ISRAEL WHERE ALL THIS EVIL EMANATES. ISRAEL MUST BE TOTALLY ANNILIATED AS WELL AS THEIR FEDERAL RESERVE BANK IN ORDER TO STOP THE EVIL THAT IS KILLING US ALL.
NOTHING SHORT OF THIS WILL KEEP US OUT OF WW3 BY BUSH NUKING IRAN.
1972: President Nixon announces the federal government will share thirty billion dollars with State and local governments.
1974: President Nixon announces a fiscal budget of three hundred and four billion four hundred million dollars.
FEBRUARY 3, 1975: President Ford announces a deficit of fifty one billion five hundred million dollars.
1980: Under the Depository Institutions Monetary Control Act of 1980, the Federal Reserve Bank can, and does, simply print tens of billions of dollars to buy the worthless bonds of dictatorial regimes called “monetizing foreign debt”, effectively supporting tyrannical regimes in other nations.
http://www.libertyforlife.com/banking/c
AMERICA
WE NEED TO DESTROY THE EVIL ROTHCHILD’S FEDERAL RESERVE BANKS CONTROL OVER AMERICA’S MONETARY SYSTEM. IT IS TOTALLY ILLEGAL!
Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Congress has NO AUTHORITY to delegate this responsibility to third parties (Jews)
In 1913 in exchange for paying for his Presidential campaign, President Woodrow Wilson signed the Federal Reserve Act handing over the U.S. currency to twelve regional private banks. In 1933 Roosevelt confiscated citizens gold and handed it to these private bank
http://www.libertyforlife.com/banking/f
HOW MANY PRESIDENTS, AMERICANS, AND MUSLIMS MUST WE ALLOW THIS SATANIC CABAL OF ZIONIST NAZIS TO HAVE THE CONTROLS OF AMERICA’S PURSE STRINGS? THIS IS TOTALLY ILLEGAL FRIENDS WHAT THEY HAVE DONE HERE. THESE ZIONIST BASTARDS ARE DRAGGING US ALL INTO WW3 SO THEY CAN GAIN MORE FINANCIAL CONTROLS AND ALL OF THE MIDDLE EAST OIL. INSTEAD OF ALLOWING ISRAEL TO HIRE YET ANOTHER TRAITOR TO BE PRESIDENT IN 08, WE NEED TO ELECT ONE THAT FULLY INTENDS ON DESTROYING THE FEDERAL RESERVE AND AUDITING THEM TO SEE JUST HOW MUCH OF OUR TAX DOLLARS HAVE BEEN MIS SPENT BY THESE ZIONIST.
THIS EVIL BANK OF THE ROTHCHILDS HAS FUELED ALL OF OUR WARS, ORDERED 9/11 AND THE GENOCIDE OF ALL MUSLIMS THAT THREATEN ISRAEL WHERE ALL THIS EVIL EMANATES. ISRAEL MUST BE TOTALLY ANNILIATED AS WELL AS THEIR FEDERAL RESERVE BANK IN ORDER TO STOP THE EVIL THAT IS KILLING US ALL.
NOTHING SHORT OF THIS WILL KEEP US OUT OF WW3 BY BUSH NUKING IRAN.
OTHER RESOURCES
http://clifylq.livejournal.com/23312.ht
http://clifylq.livejournal.com/23123.ht
http://clifylq.livejournal.com/22913.ht
http://clifylq.livejournal.com/22585.ht
http://clifylq.livejournal.com/22470.ht
clifylq
THANK YOU ISRAEL FOR LETTING ME BE THE ONE TO NUKE IRAN FOR SATAN
http://clifylq.livejournal.com/17334.ht
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