on the scam of the federal reserve system.pdf
TRANSCRIPT
-
7/27/2019 On the Scam of The Federal Reserve System.pdf
1/5
On the Scam of The Federal Reserve Systemexcerpted from Jeffrey Thomas Maehr, petitioner before the U.S.
Supreme Court
ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT
CONGRESS SHALL HAVE THE POWER TO COIN (CREATE)
MONEY AND REGULATE THE VALUE THEREOF.
IN 1935 THE SUPREME COURT RULED THAT CONGRESS
CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO
ANOTHER GROUP.Case Information, A. L. A. Schechter Poultry Corp. v. United States, No.
854,
"Congress is not permitted by the Constitution to abdicate, or to transfer
to others, the essential legislative functions with which it is vested. Art.
I, 1; Art. I, 8, par. 18. Panama Refining Co. v. Ryan, 293 U.S. 388. P.
529 ."
The printing of Federal Reserve Notes, legally not lawful money, has
been in the hands of the Federal private Reserve since 1913.
"The Federal Reserve Banks are privately owned, locally controlled
corporations"
--[Lewis vs. U.S., 680 F.2d 1239, 1241](1982)
Black's Law Dictionary defines the 'Federal Reserve System' as:
"Network of twelve central banks to which most national banks
belong and to which state chartered banks may belong. Membership
rules require investment of stock and minimum reserves."
-
7/27/2019 On the Scam of The Federal Reserve System.pdf
2/5
Privately-owned banks own the stock of the FED. This was
explained in more detail in the case of Lewis v. United States,
Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982),
where the court said: "Each Federal Reserve Bank is a separate
corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine
member board of directors."
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
(Just look in the phone book under government agencies and you will
NOT find the Federal Reserve there. Look, however, in the white pages,
and you will find it listed as a business, a private corporation.)
The FED began with approximately 300 people or banks that became
owners (stockholders purchasing stock at $100 per share - the stock is
not publicly traded) in the Federal Reserve Banking System. They make
up an international banking cartel of wealth beyond comparison. The
FED banking system collects billions of dollars in interest annually and
distributes the profits to its shareholders. The Congress illegally gave the
FED the right to print money (through the Treasury) at no interest to the
FED.
The process goes like this:
The government wants to borrow money so it can spend it on the
countless unconstitutional programs it creates. It requests the money
from the FED, which authorizes the printing of the said amount. The
treasury prints the money from nothing, each bill costing the Federal
Reserve private system 2.6 cents each, whether a $1 or a $100 bill, and
"loans" it back to us through banks, and charges interest on this created
from nothing currency. The FED also buys Government debt with
money printed on a printing press, and charges U.S. taxpayers interest
on all this spending. Many Congressmen and Presidents say this is
fraud .
-
7/27/2019 On the Scam of The Federal Reserve System.pdf
3/5
In other words, this is financial fraud of immense proportions where
"money" is counterfeited, then given to us as lawful money which we
are asked to pay our debt with... on top of which we are also charged
interest, adding every minute to the national debt, and wealth into the
pockets of wealthy bankers and families... all through constructive fraud.
(1) "The Federal Reserve Bank,"by H.S. Kenan, published by The
Noontide Press
(2) National Committee to Repeal the Federal Reserve Act, P.O. Box
156, Westmont, IL 60559
(3) "The New World Order, Saving America,"P.O. Box 1205,Middleburg, FL 32050-1205
(4) "The Most Secret Science,"Betsy Ross Press, P.O. Box 986, Ft.
Collins, CO 80522 (Book) States attempt to abolish the FED.
(5) $16 trillion in government and private debt, much of which the FED
printed and collected interest on
(6) "En Route to Global Occupation" by Gary H. Kah
(7) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut.
On May 23, 1933, Congressman, Louis T. McFadden, brought formal
charges against the Board of Governors of the Federal Reserve Bank
system, The Comptroller of the Currency and the Secretary of United
States Treasury for numerous criminal acts, including but not limited to,
conspiracy, fraud, unlawful conversion, and treason. The petition forArticles of Impeachment was thereafter referred to the Judiciary
Committee and has yet to be acted on.
Excerpt of speech:
-
7/27/2019 On the Scam of The Federal Reserve System.pdf
4/5
"Chairman, we have in this Country one of the most corruptinstitutions the world has ever known. I refer to the FederalReserve Board and the Federal Reserve Banks, hereinafter calledthe Fed. The Fed has cheated the Government of these United
States and the people of the United States out of enough moneyto pay the Nation's debt. The depredations and iniquities of theFed has cost enough money to pay the National debt severaltimes over. "
"This evil institution has impoverished and ruined the people ofthese United States, has bankrupted itself, and has practicallybankrupted our Government. It has done this through the defectsof the law under which it operates, through the maladministrationof that law by the Fed and through the corrupt practices of themoneyed vultures who control it."
The following Executive order was signed by President Kennedy shortly
before his assassination, and has never been rescinded and still stands.
This abolished the Federal Reserve and provided for 4.3 billion in silver-
backed treasury notes which was printed. Order 11110 gave the U.S. the
ability to create its own money backed by silver, and would have
prevented the national debt we now have and which enriches bankersand wealthy families.
Virtually all of the nearly $6 trillion in debt has been created since 1963,
and if a U.S. president had utilized Executive Order 11110 the debt
would be nowhere near the current level. Government should stand
behind its currency and credit and the Bank deposits of the Nation. No
individual should suffer a loss of money through depreciation or inflated
currency or Bank bankruptcy.
Government possessing the power to create and issue currency and
credit as money and enjoying the right to withdraw both currency and
credit from circulation by Taxation and otherwise need not and should
not borrow capital at interest as a means of financing Governmental
-
7/27/2019 On the Scam of The Federal Reserve System.pdf
5/5
work and public enterprise. The Government should create, issue, and
circulate all the currency and credit needed to satisfy the spending power
of the Government and the buying power of the consumers.
(This writing continues, can be found on the web.)