This is your plain old American scam we’re talking here. ibid.
Where did they [Federal Reserve] get that money? … There is no money there … This in fact is the payoff. This is the benefit to the government for being in the partnership. ibid.
Interest on nothing. I wish I had a magic chequebook like that … Perpetual interest on nothing. ibid.
The central banks were created in Europe in the sixteenth century. ibid.
The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization. Why? Because they ‘create’ the money made out of nothing, and our Uncle Sap Government issues their ‘Federal Reserve Notes’ and stamps our Government approval with no obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks etc. H L Birum
The Jekyll Island story is one of the great untold stories of the twentieth century. Eustice Mullins, author The Secrets of the Federal Reserve
The City of London set the whole thing up. The Federal Reserve Bank of New York is principally owned by five merchant banks in London chartered by the Bank of England. Eustice Mullins
The IRS is actually a private collection agency for the Federal Reserve System. It originated as the Black Hand in medieval Italy, collectors of debt by force and extortion for the ruling Italian mob families. All personal income taxes collected by the IRS are required by law to be deposited in the nearest Federal Reserve Bank. Eustace Mullins
This Jekyll Island Group led by J P Morgan and the centuries-old European banking elite engineered a series of public panics including the panic of 1907 as they as done in 1873 ... The Jekyll Island Group insisted on making the Federal Reserve appear as if it was an official agency of the United States government. The Secret Plan of the New World Order
The Federal Reserve system virtually controls the nation’s monetary system, yet it is accountable to no-one. It has no budget, it is subject to no audit, and no congressional committee knows of or can truly supervise its operations. Murray N Rothbard
Since 1980 the Fed has enjoyed the absolute power to do literally anything it wants: to buy not only US government securities, but any asset whatever, to buy as many assets, and to inflate credit, as much as it pleases. There are no restraints on the Federal Reserve. The Fed is master of all it controls. Murray N Rothbard, 1926-1995
In 1792 Thomas Jefferson adopted the dollar as this country’s official monetary unit. Jefferson in particular spoke eloquently of the dangers of paper money. Money, Banking and the Federal Reserve, 2006
For more than twenty years the living standards of middle class Americans have steadily declined. ibid.
For most families one income no longer pays the bills. ibid.
The roots of our economic ills can be traced to central banking and our present monetary system. ibid.
There was no longer a one to one ratio of paper to gold. Now there could be three or four pieces of paper in circulation for every unit of gold in the vault. ibid.
This system became known as Fractional Reserve Banking. ibid.
Wall Street swiftly adopted the fear of bank failures to sell the idea of a central bank or lender of last resort. ibid.
In November of 1910 under the guise of a duck hunting trip six men took a secret train ride to an exclusive private club on Jekyll Island, Georgia, to write a central banking act. The classified gathering read like a Who’s Who of American banking. ibid.
When the Fed was established in 1913 it cut reserve requirements in half over the next four years doubling the money supply by the end of World War I. But the Fed’s real power lies in its monopoly to create money. ibid.
The Federal Reserve system adds another inflationary layer to an already unstable banking system. ibid.
Roosevelt confiscated the people’s gold. ibid.
There is not now nor has there ever been any direct control over the Fed by the President or Congress. The meetings of the Federal Reserve Board are held in secret. And nobody knows exactly what goes on. ibid.
A recent attempt to open the Fed to public scrutiny came in 1993 ... An independent audit of the Fed’s operations ... The proceedings of the open market committee video-taped with detailed minutes released within a week ... The President chooses the twelve heads of the Fed’s regional banks instead of powerful bankers. Predictably, Fed’s Chairman Alan Greenspan resisted the changes. What was surprising was the president Bill Clinton’s position. He declared the reforms would ‘run the risk of undermining market confidence in the Fed’. ibid.
Despite the established view, Greenspan and the Fed and big commercial bankers are not the inflation fighters they pretend to be; the Fed and its allied banks are not part of the solution to inflation and the business cycle, they are the problem itself. ibid.
It’s really no different from a burglar in your house wanting to steal your money. That’s what the Federal Reserve does. It depreciates your savings, it takes away your economic security, and it ought to be treated as an institution that does that rather than something of an alleged benefit. Lew Rockwell
Through our national bank, the Federal Reserve, we extend book credit which we create from nothing to all local banks ... Thus we bring industry, management and labour into our debt ... and pit management against labour so they will never unite and attack us and usher in a debt-free industrial utopia. Harold Rosenthal, The Protocols of Zion
In 1910 a secret meeting was held at a J P Morgan estate on Jekyll Island off the coast of Georgia. It was there that the central banking bill called The Federal Reserve Act was written. This legislation was written by bankers not lawmakers. This meeting was so secretive, so concealed from government and public knowledge, that the ten or so figures who attended disguised their names when en route to the island. After this Bill was constructed it was then handed over to their political front-man Senator Nelson Aldrich to push through Congress. John Nada, Wake Up Call
The government borrows money from a private corporation, using the name Federal that prints United States on it, and it pays back to the Fed, which is owned by private banks – we don’t know who those private banks are. The money that the government is paying back to private bankers is the money that comes from you and me. Michael Ruppert, investigator and author
This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed. Charles A Lindbergh
Under the Federal Reserve Act panics are scientifically created. The present panic is the first scientifically controlled one, worked out as we figure a mathematical equation. Charles A Lindbergh
This [Federal Reserve] Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the monetary power will be legalized. The people may not know it immediately but the day of reckoning is only a few years removed: the worst legislative crime of the ages perpetrated by this banking bill. Charles A Lindbergh
The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money. Charles A Lindbergh
Mr Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a government board, has cheated the government of the United States out of enough money to pay the public debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the mal-administration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it ... A world banking system was being set up here ... a super-state controlled by international bankers ... acting together to enslave the world for their own pleasure. The Fed has usurped the government. Louis T McFadden, Congressional address 1932
What is needed here is a return to the Constitution of the United States. We need to have a complete divorce of Bank and State. The old struggle that was fought out here in Jackson’s day must be fought over again ... The Federal Reserve Act should be repealed and the Federal Reserve Banks, having violated their charters, should be liquidated immediately. Faithless Government officers who have violated their oaths of office should be impeached and brought to trial. Unless this is done by us, I predict that the American people, outraged, robbed, pillaged, insulted, and betrayed as they are in their own land, will rise in their wrath and send a president here who will sweep the money changers out of the temple. Louis McFadden
The Federal Reserve board ... has pumped so many billions of dollars into Germany that they dare not name the total. Louis McFadden
Established here in our free country the worm-eaten monarchical institution of the king’s bank to control us from the top downward and to shackle us from the cradle to the grave. Louis McFadden
I have complained for many years about the Federal Reserve System ... The seeds of this mess have been planted over a long period of time. Ron Paul, House Financial Services Committee