What is the relationship between the Federal Reserve Act and the Federal Income Tax?
Why does our government require us to pay taxes when they print all the money they want?
What is the Federal Reserve and Who Controls it?
The Federal Reserve is not a governmental agency and neither the Congress nor the President have one iota of control over its day-to-day operations. The Federal Reserve is no more federal than Federal Express.
It is a private bank that poses as a government entity. In 2011, when the New York Times attempted to obtain documents about the Fed’s loans to foreign banks under the Freedom of Information Act, the Fed responded by admitting that it was in fact a privately owned bank and not federal at all, therefore not subject to FOIA requests. As the long-time Chairman of the House Banking and Currency Committee Charles McFadden said on June 10, 1932: “Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies.” In 1982, the Ninth Circuit Court ruled that, “Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately-owned and locally controlled corporations.”
The chilling truth is that the Federal Reserve, America’s central bank, is simply one component of an interlocking, international banking cartel that now controls the wealth of this planet. The ownership of the largest blocks of bank voting stock are in nominee accounts, numbered accounts or trust accounts. No names, so you are in the dark. What is being hidden ? Why ?
Century of Enslavement: The History of the Federal Reserve
Where does this private corporation get the money to loan to you, me, and our government?
They get it from us.
THEY PRINT THE MONEY THAT BELONGS TO YOU AND ME AND… THEN LOAN IT BACK TO US AND CHARGE US INTEREST.
“If we American people ever allow monopoly banking to control the issue of currency, first by inflation & then by deflation, these banks & bureaucracies that will grow up around them will deprive we, the people of all our property until our children will wake up homeless on the continent which God gave us for stewardship.” – Thomas Jefferson
The Federal Reserve and the U.S. Dollar
The Federal Reserve creates inflation when it issues US dollars backed by government debt.
Since 1913, when the Federal Reserve was created by Congress, your money has lost 96% of its purchasing power due to inflation. The more “money” the Federal Reserve creates – the less your Federal Reserve “money” will buy. From 1913 to 2001 the national debt grew to $6 trillion in 88 years. In the next three years it climbed to $7 trillion dollars in 2004. In just one year it climbed sharply to over $8 trillion dollars. In 2019 the national debt has soared to over $22 Trillion.
The acceleration of the national debt is alarming. Folks, this trend cannot continue. There is some point where the U.S. will default on its obligations and the corresponding loss of your purchasing power will also accelerate.
The corruption and trenching of jurisdictions by the federal governments and the banking ‘associations’ of this continent have stolen the citizen’s disposable surpluses such that they can no longer afford the organizations and charities which once blessed our communities and protected our families. Once upon a time we didn’t need the welfare state because in North America the Christian concept of charity thrived to the extent that Alexis de Tocqueville, remarked that “America is teeming with such associations and charities, choral groups, church study groups, book clubs, etc., and that they have a remarkably salutary effect on the whole society.” The civility, joy and near costlessness of pure Christian charity is supplanted with low substitutes and virtue has been done down to the ‘values’ excuses of the effete mandarins and their self-serving obfuscation taught them by the banker’s minions.
The concept of “forgive us our debts” flies in the face of the banking oligopoly’s surety. This was well known to Moses and Jesus, both of whom forbade surety interest on money as they understood this root cause of hell on earth.
You shall not charge interest on loans to your brother, interest on money, interest on food, interest on anything that is lent for interest. You may charge a foreigner interest, but you may not charge your brother interest, that the Lord your God may bless you in all that you undertake in the land that you are entering to take possession of it. – Deuteronomy 23:19-20
And if you lend to those from whom you expect repayment, what credit is that to you? Even sinners lend to sinners, expecting to be repaid in full.– Luke 6:34
Surety on money inverts faith hope and charity, the greatest of virtues and demands from the future that which may counter God’s providence. There is no surety in life nor should there be surety on anything else in the creation, especially risk capital. Risks, like profits, must be shared by all participants in a transaction or be forgivable.
- From our beginnings, Americans had been left surpluses by each preceding generation of our forefathers all the way back to the first colonists, until sometime after the enactment of The Federal Reserve Act and the Income Tax Act.
- Except at times of war or revolt, Americans had experienced no significant inflations nor deflations nor stagflations nor other “booms nor busts”, such as we have all experienced until sometime after the enactment of The Federal Reserve Act and the Income Tax Act, except those caused by banks.
- Americans had the highest personal savings in history, and, rarely had ‘National’ debts nor deficits, until sometime after the enactment of The Federal Reserve Act and the Income Tax Act.
- America had full employment and no need of coercive labor, nor unemployment insurance, nor welfare, until sometime after the enactment of The Federal Reserve Act and the Income Tax Act.
- America, from our beginnings, had a largely virtuous, and Godly population, until after the enactment of The Federal Reserve Act and the Income Tax Act, and, now we suffer gross taxes, litigiousness, crime, etc.
- America had universities and institutes of higher learning which produced thinkers, scholars, scientists and creative genius of the highest order but, now, most of our colleges are utilitarian job training centers, due to the impoverishment created by the enactment of The Federal Reserve Act and the Income Tax Act.
- A man and wife could own a home and many children even if modestly creative, he could feed them, clothe them, educate them and pay his way, until sometime after the enactment of The Federal Reserve Act and the Income Tax Act, such that now they must rent and have multiple incomes.
- Citizens of The United States Of America owned and controlled the voting stock of our major corporations, corporations which were, once the greatest economic engine on Earth and which now are controlled by foreign bank nominees, agents and ‘street’ form voting stock, as a result of the enactment of The Federal Reserve Act and the Income Tax Act.
The international bankers behind the Federal Reserve and the CFR are deliberately trying to usurp the US Constitution and gradually destroy our freedoms, liberties and sovereignty in the process. They are using the Federal Reserve System to bankrupt the country so we will be at their mercy. The deeper in debt our country goes, the richer and more powerful these international bankers become. If action is not taken to take back control of our nation’s currency from the criminals in the private international banking cartel and if the CFR’s influence over the highest levels of our federal government isn’t soon broken, America will be reduced to a third world nation controlled by a socialistic world government where our freedoms and liberties would have disappeared and our national sovereignty is but a fond memory.
The federal government has usurped State powers and rights and trenched, thereby causing untold misery to we, the citizens, Therefore, we should demand a restoration of:
- Absolute private property rights in allodium. (i.e. held independent of a lord paramount, and opposite to feudal, so that property rights will, once again, be unencroachable.)
- Absolute repudiation of the Bank Acts of this century and subsequent related legislation, since the federal government has no jurisdiction over provincial powers nor direct powers. Enactment by the states of free, open, concurrent & competitive banking, or the abolition of interest on any debt.
- Federal government can only pay for its expenditures by indirect tax or by creating currency (money) into circulation, just as the banks do now (credit). Federal government prohibited from borrowing ever, for any reason. An absolute, since it has sufficient income or it may create money for legitimate federal needs.
- Monetisation of the debt: i.e. re-denote all government debt issue as currency, thereby canceling the debt & ending further interest payments, and thusly evading inflation. (The only alternative to this is repudiation of the debt i.e. a jubilee.)
- Federal income tax abolished since government can create purchasing power for its own needs. (No federal direct taxation and repudiation of the 16th. Amendment)
- Sell, to the citizens, all federal assets including airwaves, government-lands, parks etc. i.e. privatize in toto.
- De-centralize: Destroy federal duplicate bureaucracies as they are not only redundant but they encroach (trench) upon state powers and create parasitism.
The activities of the international bankers behind The Council on Foreign Relations and the Federal Reserve should be thoroughly investigated by an independent prosecutor. If criminal activities are uncovered, then those involved should be prosecuted under the Racketeer Influenced and Corrupt Organizations Act (RICO) as an ongoing criminal conspiracy.
The American people must not give up their liberties for the false sense of security offered by the international bankers and their CFR puppets. The grip of these international criminals must be broken and the threats against our liberties, freedoms and our nation’s sovereignty must be eliminated. It can only be accomplished by a demand for action by a determined and educated American citizenry, as well as by an honest and thorough federal criminal investigation.
Who is stealing your assets ?
Who gives you inflation ?
Who gives you recessions ?
Who gives you booms & busts ?
Who gives you bankruptcy & power of sale ?
If you can’t answer these questions, read the above again!
The current debt based system is designed to keep you and your children enslaved in a perpetual system of ever growing debt. Current global economic crises are symptoms of a unsustainable debt system that will eventually collapse leaving most people destitute and desperate for relief.
Rather than trusting your money in the debt based paper currency market, you should be storing away some silver and gold. This can be easily done by dollar cost averaging your precious metal purchases now.
Additional Reading:
Century of Enslavement: The History of The Federal Reserve (Transcript and references)
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doest really show the reason why this is important
The creation of a national income tax was and remains a directive of the owners of reserve banks. The government pays the interest to the banks on the money the banks give to the government as a loan = national debt. Thus the need for the IRS from 1913. Woodrow Wilson was owned and elected by these bankers for the purposes of the creation of the FED