Oatmeal, Potatoes, and the Federal Reserve

December 11, 2007

….“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.”

The private banking cartel known as the Federal Reserve has been fiscally raping the American taxpayer since its nefarious inception in 1913. Thomas Jefferson spoke vehemently against allowing the peoples monetary system to be controlled by private banks, and feared the dangers of doing such. In his words, ““If the American people ever allow the banks to control the issuance of their currency, first by inflation, and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered. The issuing power of money should be taken from banks and restored to Congress and the people to whom it belongs. I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies.”

In Article 1, Section 8 of our Constitution, authorization is granted to Congress for “the power to coin money and regulate the value thereof.” In its failure to meet this constitutional responsibility, Congress has allowed the Federal Reserve (private banking cartel) to impose, control, and manipulate its fiat monetary system on the American taxpayer. It is no coincidence that this corrupt private banking cartel was formed the same year that the 16th Amendment was established. It is important to note the 16th Amendment was not ratified by the required 3/4 of the states. Despite the lack of required votes, then Secretary of State Philander Knox, who before being appointed Secretary of State, was legal counsel to this cartel in his civilian profession as an attorney, fraudulently proceeded in ratifying the amendment. The 16th Amendment reads in part, “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration. The United States Tax Code distinguishes between ‘income’ and the wage received by most Americans. This ‘wage’ if you will, is considered ‘personal property’. That being said, it is clear that the 16th Amendment authorized no new taxing powers to the federal government. The founding fathers rejected the idea of any direct taxes unless they were apportioned to each state according to the current population. However, the Global Elitists, who in essence are the Federal Reserve, needed a means of funding their “Ponzi Scheme”. The 16th Amendment proved to be the perfect mechanism in making the American taxpayer the “cash cow” of the Federal Reserve.To further validate this point I refer to the words of Congressman Louis T. McFadden, speaking on the floor of the House of Representatives on June 10,1932; “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 national debt”.

The Federal Reserve has never had a full and publicly disclosed audit in its history. It is next to impossible to identify who the select elitists shareholders are. And the same private elitist bankers that control the Federal Reserve both in and outside of the United States are not by coincidence, the same players controlling the IMF, and World Bank.

Historically, this is not the first time our government has turned the monetary system over to private bankers. As you may recall, Thomas Jefferson was strongly opposed to it during its first inception, and eventually restored it to the government. Years later, Andrew Jackson amidst much political pressure to capitulate, brought the private bankers to their knees and rightfully restored control of our monetary system to ‘We the people’. Unfortunately for us today, most current politicians lack the fortitude and moral decency of Jefferson and Jackson.

The Federal Reserve allows its banking partners to lend money they don’t even have, by simply printing up more money with nothing tangible to back it. The last of the “Gold Standard” was eviscerated in the early 70’s under the Nixon administration, and subsequently replaced with worthless notes to guarantee or promise investors repayment with worthless paper currency. This fiat money is loaned for re-paymentby the privatebanking cartel that also set the interest rates. The exclusive control over setting interest rates aids the Federal Reserve in it’s fleecing of Americans. It enables them to manipulate Americans ability to establish financial savings, it impacts the cost of goods and services, affects salaries, mortgage rates, auto financing rates, and most importantly, keeps Americans and our federal government in debt. After all, the higher the national debt the more they earn in interest. It’s of little wonder that our government sets budgets each year that cost more than projected revenue. Politicians allocate funds to “pork barrel” programs that add to our debt, and secure their careers with special interest groups, and local constituents. If we ran a household budget like this, we would be bankrupt before the ink dried on the check. We have heard Politicians, and President Bush, announce a plan to balance the budget. It is nothing more than political propaganda designed to fool the American people. What most Americans need to know is simple, no politician in Washington D.C. has the power to, or the intention of balancing the budget! The Federal Reserve is calling the shots, and it is more profitable to them that we remain indebted to them at the expense of tax paying Americans. Politiciansattempt to further confuse the American people by using the terms ‘Debt’ and ‘Deficit’ interchangeably, as if both are one in the same. Nothing could be further from the truth; I will make a short and simple attempt to explain. Assume the government is preparing to pass a budget for the present year; the current balance the federal government owes to the Federal Reserve in past loans and interest is the actual national ‘debt’. The federal government in preparing its budget assesses projected revenue from taxes and other sources of income. For the sake of this example, lets assume that is $800 billion dollars. ”. Not one dime of the tax revenue extorted from Americans each year funds programs, services or infrastructure maintenance. The money is paid to the Federal Reserve as re-payment to the existing balance on the previously loaned money (national debt). With its free wheeling spending and ‘blank check’ mentality of the Federal Reserve, the federal government plans a budget that they know will cost in excess of projected revenue, i.e. $1 trillion dollars. The shortfall of $200 Billion dollars is the ‘deficit’. This $200 Billion dollar ‘deficit’ adds to the existing national ‘debt’; and on, and on, it goes,yearafter year. This type of ‘deficit’ spending by our federal government will never allow for a balanced budget, but inevitably will leadto bankruptcy. Former Chairman of the Federal Reserve Allan Greenspan summed it up rather succinctly when he said; "Deficit spending is simply a scheme for the 'hidden' confiscation of wealth…”

Sadly, the risk of a bankrupt United States has become all too real, and at this destructive pace it is not a matter of “if”, only a matter of “when. Several economists have already concluded the United States bankrupt minus the formality of the government declaring it. A recent statistic revealed our federal government is indebted to the (Un) Federal Reserve to the tune of approximately $8 trillion. Of course that doesn’t take into account the 77 million baby boomers expecting to collect in pension and healthcare benefits. In 2008 the oldest boomers will be eligible for early Social Security benefits. In several years the boomers will start collecting Medicare. Our federal government has done nothing to prepare for this prodigious fiscal obligation. When all this is taken into consideration the long-term fiscal analysis reveals a national debt of approximately $65.9 trillion dollars. That equates to almost twice the size of our national wealth.

In a letter to Samuel Kercheval in 1816, Thomas Jefferson wrote the following; “To preserve [the] independence [of the people], we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, like them, we must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers.”

Looking ahead, I see only two options; “We the People” can speak up, hold our elected officials accountable, demand the immediate abolishment of the Federal Reserve, and restore constitutional government, or we can acquire a taste for “oatmeal and potatoes.”

Yours In



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