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THE FEDERAL RESERVE
ISN'T FEDERAL AT ALL
Nelson Wilmarth Aldrich, b. Nov. 5, 1841, d. Apr. 16, 1915, was
an American businessman and politician. Starting in the wholesale
grocery business in Providence, R.I., he further invested in
sugar, rubber, street railways, and utilities and became a
multimillionaire. He served on the Providence city council
(1869-74) and in the Rhode Island legislature (1875-76), the U.S.
House of Representatives (1879-81), and the U.S. Senate
(1881-1911).
In the Senate, Aldrich wielded enormous power--especially after
1897--on behalf of the Republican majority. For a time he was the
nemesis of President Theodore Roosevelt, with whom he clashed on
foreign policy and railroad legislation. Aldrich advocated a
conservative social philosophy on such issues as currency and
banking, the tariff, and business regulations. Interested in
establishing a central bank in the United States, he became
chairman of the National Monetary Commission in 1908. Its report,
the so-called Aldrich Plan (1911), served as the basis of the
Federal Reserve Act of 1913.
The Rockefeller's were instrumental in creating the Federal Reserve
System which was designed at a secret 1910 meeting at Jekyl Island
off the coast of Georgia. Out of the Jekyl Is. meeting came the
Monetary Commission Report and from it the Aldrich Bill. Warburg
had urged that the proposed legislation be called the "Federal
Reserve System", but Aldrich insisted his name appear as the Bill's
chief sponsor and Congress was repelled at the obvious takeover
and rejected the Bill.
Taking advantage of Congress' desire to adjourn for Christmas in
1913, the Federal Reserve Act was passed by a vote of 298 to 60
in the House and 43 to 25 in the Senate of the United States.
After the vote, Congressman Charles A. Lindbergh Sr., father of
the famous aviator whose child would later be killed by agents
of the New World Order, told Congress;
"This Act establishes the most gigantic trust on earth ... When
the President signs this Act the invisible government by the
money power, proven to exist by the Money Trust investigation,
will be legalized ... This is the Aldrich Bill in disguise."
Federal Reserve System
The Federal Reserve System, nicknamed the Fed, is the CENTRAL
BANK of the United States. It has two main functions: to be
a
"bankers' bank," holding deposits of the commercial banks and
operating a nationwide check-clearing system; and to serve as
the basic controller of credit in the U.S. economy, thus
determining the size of the money supply and the ease or
difficulty of borrowing. All national banks must belong to the
Federal Reserve System, and many state banks belong VOLUNTARILY.
The system was established in 1913.
Unlike the central banks of other countries, the Federal Reserve
is divided into 12 PRIVATELY CONTROLLED, separate, central banks
located in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas
City, Minneapolis, New York City, Philadelphia, Richmond, St.
Louis, and San Francisco. Each bank serves a designated
district. The system was organized this way to diffuse the power
of the central bank.
All MEMBER banks are required to maintain NON-INTEREST-BEARING
reserve deposits based on a percentage of their transaction
balances at the district Federal Reserve Bank. The monetary
authorities implement monetary policy primarily by changing the
size of the reserves. By raising legal reserve requirements, the
Federal Reserve tightens credit, that is, reduces the size of the
money supply generated by the BANKING SYSTEM. By lowering
reserve requirements, it can increase the money supply.
The Federal Reserve's ability to implement monetary policy has
been adversely affected by state banks' LEAVING THE SYSTEM to
invest their reserves more profitably. In 1980, to counteract
this trend, the U.S. Congress passed legislation REQUIRING all
commercial banks to establish reserves with the Federal Reserve
over an 8-year phase-in period, although membership is NOT
REQUIRED. It was hoped that by increasing the Federal Reserve's
INFLUENCE it could control monetary policy more effectively. In
1981 about 5,500 of the 15,000 U.S. commercial banks belonged to
the Federal Reserve; in 1991 there were more than 6,000 members
out of fewer than 14,000 commercial banks.
Enemy of the Rockefellers
Born on Feb. 4, 1902, in Detroit, Charles Augustus Lindbergh
spent his childhood in Little Falls, Minn. His father served in
the U.S. Congress from 1907 to 1917 where he fought for the
liberty of the citizens of the United States.
Lindbergh spent much of his life as a business consultant to
the aircraft and airline industries. In 1929 he married Anne
Spencer Morrow, the daughter of U.S. ambassador to Mexico,
Dwight Morrow. Their life, however, was touched by tragedy in
1932 when their infant son was kidnapped from their home in New
Jersey and murdered. Soon thereafter Congress enacted the
"Lindbergh Law", making kidnapping a federal crime. After a
sensational trial Bruno Richard HAUPTMANN was convicted of the
crime and executed (1936) after being framed by NJ Police.
In the United States kidnapping was a major concern in the
1920s and '30s. After the kidnapping of Charles A. LINDBERGH's
20-month-old son in 1932, federal kidnapping laws with severe
penalties were enacted to silence the furor over the sham.
The Schwarzkopf Reward
United States Army General H. Norman Schwarzkopf, born Trenton,
N.J., Aug. 22, 1934, was the commander of the U.S.-led coalition
of land, sea, and air forces that won decisive victory in the
PERSIAN GULF WAR in 1991 fought largely on behalf of Oil interests
in the US, British Petroleum (UK) and Royal Dutch Shell.
Schwarzkopf graduated from the United States Military Academy in
1956 and became an infantry second lieutenant. His father,
Herbert Norman Schwarzkopf, was also a West Point graduate. The
senior Schwarzkopf gave his name to his son, but disliking the
name Herbert, gave him only the letter H.). The senior
Schwarzkopf became superintendent of the New Jersey State Police
and was the CHIEF INVESTIGATOR in the kidnapping case of Charles
Lindbergh's son. New Jersey was home to the Lindbergh's whom had
protested the Aldrich Bill and then railed against the falsity
of the PRIVATELY OWNED Federal Reserve System.
When You Became A Slave
04 March
1933 - Franklin Delano Roosevelt inaugerated as President.
05
March 1933 - FDR calls for a Special convocation of Congress.
06
March 1933 - A Special session of Congess was convened at the
request of FDR and in Proclamation 2038 a National
Emergency was declared.
06
March 1933 - A Bank Holiday was declared from Mon. 06 until Thur.
09 of 1933. Gold possession was made illegal and
the Reserves of the US were siezed by the privately
owned Federal Reserve Bank Trust for debt owed.
09
March 1933 - FDR brought the Congress back into session and with
a Bill, HR-1491, FDR recieved War and Emergency
Powers and in an Amendment to the Trading With The
Enemy Act (06 Oct. 1917), the US people were
declared to be an "enemy" of the United States.
09
March 1933 - In Executive Orders EO-6073, EO-6102, EO-6111 and
EO-6260, the United States was declared BANKRUPT.
12
March 1933 - In HR-3835 a national economic Emergency on
Agriculture was declared.
30
Oct. 1969 - R.M.Nixon issued Executive Order 11490 which
assigned
all Emergency preparedness functions to the Federal
Government.
1979 - J. Carter establishes FEMA (Federal Emergency
Management Agency) to govern during the Emergency.
03
June 1994 - W.J.Clinton issues Executive Order EO-12919 assuming
power over all economic and other activities.
Summer
1994 - W.J.Clinton signs (Presidential Decision Directive)
PDD-25 which assigns all power over the Military of
the United States to the United Nations.
The United States is BANKRUPT & POWERLESS.
A Federal Depository Library will have copies of
EO's and other docuements from 04-09 March 1933.
Contents of PDD-25 have been declared CLASSIFIED.
END
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published
by tusk36: Altoona, Pennsylvania, U.S.A
email
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