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The Federal Reserve System: The Global Cartel

by Leslie R. Pastor

Before the Federal Reserve System was created, the Morgan - Rockefeller syndicate known as the “money trust� controlled the United States. John Pierpont Morgan financed the needs of the nation, its industry, capitalization, along with the development of ‘novelty of fact’ technologies. Morgan garnered the help of other financial titans such as John D. Rockefeller, using their influence to redevelop the American economy. Morgan and Rockefeller eliminated ‘competition’ by creating huge Trusts, and combinations known as ‘corporations.’ Anyone who stood within their path, objecting to their actions, were simply ‘crushed’ financially. The creation of ‘corporations’ placed hundreds, and sometimes even thousands of small businesses under the control of one entity, thereby removing dissent, competition, enabling the owners of the corporations to fix prices, production goals, establish quotas. Morgan in this fashion created The US Steel Corp, General Electric, Westinghouse, International Harvester, American Telephone & Telegraph,

J. P. Morgan

Morgan Guaranty Trust

J. P. Morgan & His Money Trust

J. P. Morgan Joins With Guaranty Trust

J. P. Morgan - Savior - The Panic of 1907

100 Years After The 1907 Credit Crunch

The Morgan-Rockefeller Influence

J. P. Morgan - Chase & Co.,

The Truth About The Trusts

America’s Sixty Families

The Biggest Scam In History

  • Zeitgeist - The Movie: Federal Reserve - The rise of the control over modern civilization. An important perspective to bear in mind when asking why revolutionary energy technologies haven't been able to make it into the marketplace.

The Federal Reserve System and its progeny, the Federal Reserve Bank of New York is the largest Central Bank in the entire planet. Antony C. Sutton called it The Federal Reserve Conspiracy. Most people are probably not aware of the power of the Central Bank of the United States, nor of its history or of its political intrigues worldwide. It was founded in extreme secrecy and inaugurated politically on December 23, 1913 by a mere handful of US Congressmen during a Congressional Christmas recess. It is fundamentally a violation of the US Constitution, which specifically forbids such enactment, and was imposed upon the people of the United States by a handful of individuals, whose intent and actions were masked, initially, in order to quell opposition to its creation. Others have already provided ample and supporting documentation, explaining the fundamentals regarding the systemic functions of the Central Bank, so I will not bore you with a repetition of those details. Suffice it to say, that there are already two (2) qualified, excellent, exposé renditions of the true nature and intent of the Federal Reserve System. Eustace Mullins, commissioned by Ezra Pound (poet of the Pisan Cantos, and progenitor of such notables as Ernest Hemingway, T. S. Eliot, Robert Frost and last but not least James Joyce) who directed that Mullins go to the Library of Congress to research the Federal Reserve System. His completed work: Secrets of the Federal Reserve is a first revelation, followed by G. Edward Griffin, who updated that research with his monumental The Creature From Jekyll Island (A Second Look At The Federal Reserve). In his book, A Writ For Martyrs, Mullins reveals that he was to pay a heavy price for his association with Ezra Pound.

If you had a choice of living in a country, debt free, where the government ‘created’ money, set its value, denominated the currency in gold and silver, and circulated that value, in the form of silver coinage, silver certificates, gold coins having a fixed value (forever set to a specific rate) enabling you to save, invest, and profit from that set value, OR, a government that sold its ‘birthright’ to private interests, enabling them (the private interests) to ‘create’ money out of thin air, without any "fixed" value, circulating that ‘money’ in the form of a debt instrument, loaning it to the very government, that just created it, by an illegal, unconstitutional enactment, who then ‘taxes’ the people to pay off the interest on that debt [recently created as fiat “money�], thus forcing you to work much longer, harder (as wage slaves) receiving consistent “money� that loses its purchasing power daily (in the form of inflation - because of that continuous ‘printing’ of fiat money by those private interests). Which country would you choose to live in? The debt-free country, with gold and silver as currency, or the country, which taxes you, because of the ‘created’ monetized debt, circulated by those private interests. Most would choose the country and government which ‘created’ their currency, money, and commercial transactions ‘debt free’ (owing it to no one) enabling them to become rich, powerful, and financially productive, passing that ‘value’ onto their families, children and posterity.

Our Founding Fathers of these United States of America did, precisely, just that. They fought a powerful nation, which attempted to enslave them with debt instruments. The American colonials fought the British crown, borrowing from the French king, some $13 million dollars, enabling them to wage a successful victorious campaign for freedom from such tyranny. The debt was repaid; because the American colonials were, free, to create their own currency based on silver and gold coins, after their victorious campaigns.

That ‘freedom’ was stolen from US on December 23, 1913 by traitorous individuals who sold our US birthright (out from under us) without our consent, against the wishes of the Founding Fathers. They (the private interests) became our ‘masters’ by the creation of the Federal Reserve Act of 1913, making us their ‘slaves,’ in the form of ‘taxable’ wages, establishing a financial system of ‘monetized’ debt, which permeates the entire fabric of the US economy. That ‘monetized debt’ system became a negative algorithm, which has transferred ‘wealth’ from US to the private interests, while giving US massive hyper inflation causing us to pay ever increasing higher prices for fewer and devalued goods and services, while at the same time, taxing us more due to the increased inflation. We are currently experiencing the ‘end result’ of the creation of the Federal Reserve System. We are the recipients, and the victims, of the final ‘results’ of that creation of the Federal Reserve System. If we continue, we will be totally ‘ruined’ and ‘wiped out’ literally of all of our property, wealth, and self respect. Those ‘private interests’ have no compassion, compunction or compulsion to do the right thing. Why should they, they are the winners, controllers, the creators of ‘fiat’ money, sanctioned by the US Congress and protected by that same US Congress. You have a choice, you can change all of this, by acting in accordance with the US Constitution and the will of the Founding Fathers, by acting as the "inherent holders of the political power". The power and the choice has always resided with you, all you have to do is to exercise your will AS the "inherent holders of the political power."

But before you can do that, you will need to 'recognize' the extent of the problem.

To give you an example of the true current value of the US Dollar, it is necessary to go back in history to the 1860s, during the Civil War of these United States. President Lincoln, exercising his authority under the US Constitution created three issues of the US Dollar (Green Backs) in the amount of $450 million dollars. He did not borrow this ‘money,’ President Lincoln ‘created’ it, and placed it in circulation as the authorized ‘currency’ (money) of the United States. The US Dollar remained ‘stable’ retaining its value (1894), and then exceeding (increasing) its value from 1895 to 1903, once again, renormalizing its value from 1904 until 1912. In 1913 Congress created the Federal Reserve System, whose directors, established ‘private’ member banks controlled by the Federal Reserve Bank of New York. The value of the “new� dollar steadily decreased from 1913 to 1921 (a negative two (2) fold) during a period of ‘easy money’ credit, enabling the ‘roaring twenties’ to expand, creating a false sense of prosperity, culminating in the monetary crash of 1929. The Federal Reserve bought up all of the US Dollar Green Backs from the Lincoln Era, exchanging them for ‘monetized’ debt instruments known as Federal Reserve Notes, our present currency. The Federal Reserve began the systemic elimination of debt free money, all gold reserves, and gold denominated currencies in circulation. We still retained silver coinage in circulation until 1960-65, when the value of silver exceeded the face value of the coins in circulation due to inflation. In 1946 the value of the dollar began a relentless drop in value from a negative two-fold to a negative three-fold in 1957. By 1970 the dollar dropped in value by a factor of negative four-fold ($4.00 was now needed to replace the 1860 $1.00 dollar). By 1970 most silver coins previously in circulation began rapidly disappearing as collectors items. Their value was artificially increased due to the rise of inflation. Within five years (1975) the dollar increased a negative five-fold ($5.00), followed a year later (1976) a negative six-fold ($6.00). It now took $6.00 to attain the value of the former 1860 US Green Back. By 1982 the dollar increased a negative ten-fold ($10.00) and by the year 2000 it exceeded a negative twenty-fold ($20.00) in value. I don’t need to explain it further, for we are all experiencing the relentless devaluation of the dollar, as reflected in our current oil, gas and commodity prices, such as food, fuel, clothing and business expenses. Unless our monetary situation is stabilized we will experience a monetary crash in the not too distant future.

Source: The Value of a Dollar - Prices and Incomes in the United States 1860 - 1999. (Composite Consumer Price Index: 1860=$1.00). "For a full discussion see John J. McCusker, "How Much Is That in Real Money?" A Historical Price Index for Use as a Deflator of Money Values in the Economy of the United States," [Proceedings of the American Antiquarian Society, 101, pt.2 (1992), pp. 297-373.]

Edited by Scott Derks, A Manly, Inc., Book - Grey House Publishing, Lakeville, Connecticut 06039 - http://www.greyhouse.com [Copyright - 1999]

An Understanding Of The Banking System For The Complete Idiot

To put it in a proper setting, our income has been significantly inflated due to the activity of the Federal Reserve. Back in 1974 a person earning $10,000.00 had the purchasing power of current workers who presently earn $100,000.00 Back in 1973 new automobiles cost $3,000.00, today, an automobile costs between $13,000 and $60,000. In 1973 a home could be purchased for $30,000, today it would cost $350,000, all because of inflation. Even though many of us, technically, have what appears to be superior incomes, one soon discovers that, the purchasing power of that income, only buys half as much , as it did thirty-four (34) years ago at present prices. The problem, succinctly put, our incomes have not risen commensurate with the new purchasing requirements. Neither have our pensions, and retirement incomes. Many families and individuals are experiencing significant shortfalls in their standard of living and nutrition requirements. To put it mildly, we have been robbed of our wealth, finances, incomes and our very livelihoods, not to mention our ability to live normal lives. All due to the deliberate policies of the Federal Reserve System.

Once the Federal Reserve System was officially established, and recognized as the authorized controller of the currency of the United States, it began its ultimate goal of structuring the intent of the ‘controllers.’ It financed both World Wars, I, II, then funded the Russian Revolution of 1917, ultimately financing the First, Second, and Third Five Year Plans of Stalinist Russia. To insure that the Russians were able to pay for their specific needs, they were given the actual ‘Treasury Plates’ enabling them to print Federal Reserve Notes within Russia. These notes never entered the United States, circulating primarily in Russia, Eastern and Western Europe and were known as Euro Dollars. Gold from Russia was first sent to Europe, melted down and recast as European Gold, and then sent to the United States as balance of payment, for goods and services rendered. While the United States and its people were forced to live in extreme poverty during the Great Depression, a member of the Federal Reserve, William Boyce Thompson, was in Russia, helping to finance the Bolsheviks, enabling them to solidify their power, and control over the Russian people. Antony C. Sutton uncovered this information, while researching how Western Technology was transferred to Russia, enabling the Soviets to develop technologically, after their total collapse due to the result of their revolution. The Russell Trust along with the American International Corporation helped to develop the stagnant Russian economy. The International Barnsdall Corporation (Russell Trust) helped to reinvigorate the Russian Oil Fields at Baku, enabling the Soviets to develop hard currency for foreign exchange. They enabled Russia to become the largest Oil Producing Nation in The World. New Drilling Technology was introduced into those oil fields (once owned by the Czar and leased to the former Nobel Brothers) enabling reinvigoration and stronger production methods. The Albert Kahn Architectural firm was engaged to rebuild the Soviet manufacturing base, reestablishing heavy industrial growth (military, commercial applications) to compete with western competitors. All of this was accomplished with the financial aid provided by the Federal Reserve System, all borne by the American people, who were artificially kept poor and destitute, enabling the Soviet Union to catch up with US technologically. The Russell Trust ultimately used the reinvigorated Soviet Union in an elaborate Hegelian Dialectic of managed and controlled conflict against the United States in Korea and Viet Nam. In essence the Federal Reserve financed both sides and the stockholders of the Federal Reserve profited handsomely from those conflicts.

Research
Executive Order 11110, JFK & The Federal Reserve

JFK Attempted To Warn Us In A Speech

FEDERAL RESERVE ~ THE ENEMY OF AMERICA

Video Presentation
Aaron Russo Reveals Facts Regarding The Federal Reserve

Aaron Russo - Interviewed Regarding The Federal Reserve

Historic Interview With Aaron Russo

Aaron Russo Discusses The Federal Reserve With Rep. Ron Paul - (14th District) Texas

Aaron Russo Interviews A Juror Regarding The Income Tax

Rockefeller Reveals 911 Fraud To Aaron Russo

The common people of the United States have never benefited from the largess of the Central Bank (Federal Reserve System). In fact, every time the Fed distributes ‘money’ it creates ‘debt’ for the people of the United States. Think about that for a moment: Billions and Billions of Dollars have been and are still being given to other nations continuously, year after year. What do the people of the United States get out of such distribution. Why hasn’t the Federal Reserve distributed its largess to the American people, or rebuilt our own infrastructure, road systems, repaired our bridges, or provided relief for our own people, farmers, disaster relief, etc., Something is obviously, very wrong with this system. In fact everything the Federal Reserve does, destroys the wealth of the American people, by bailing out the banks, they create hyper-inflation, by building up China, and modernizing it, they wiped out the value of our pensions. The Federal Reserve DOES ABSOLUTELY NOTHING FOR THE CITIZENS OF THE UNITED STATES. Ron Paul is right on target, we should abolish it, before it abolishes the United States.
Ron Paul On The Federal Reserve System

Ron Paul Questions Ben Bernanke (FED Chairman)

Ron Paul: Federal Reserve For Dummies

Obviously, the agenda of the Federal Reserve has not been to benefit the American people, citizens of the United States, or the economic health of American Industry. There has been another agenda (in place all along) hidden from the Government of the United States. The Federal Reserve was used to finance war, (WWI, II, Viet Nam, Korea, Middle East); To recreate Russia during and after the Russian Revolution, updating and modernizing its infrastructure; To modernize mainland China; To finance the prosperity of Egypt and Israel; Provided Funds for The World Bank and the IMF; To control the flow of oil worldwide; To redistribute the wealth of the world, by eliminating the middle class of the United States, which is the result of such redistribution. The Federal Reserve has never done what it stated it would accomplish, if enacted, namely, eliminate inflation, maintain a stable ‘monetary’ system, and fix the initial problem of unsound monetary policy. The Federal Reserve System is a fraudulent entity period. The historical facts provide the evidence.

Louis T. McFadden On The Federal Reserve

Video Explanation

Chart Of Who Owns The FED

Recent/Current Developments Affecting US (State) Sovereignty

The Story About Oil You Need To Hear

See also

- Leslie R. Pastor - index of articles
- Directory:Tom Bearden
- PESWiki home page

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