Why Audit the Federal Reserve?

Returning Sovereignty to “We the People”.

(First in a Series of “How We Give our Freedoms Away” )

By David R. Young, author of THE POLITICAL SPECTRUM: Freedom vs. Enslavement

A devastating example of giving away our freedoms is the Federal Reserve Act of 1913. A grave error which can start being corrected this month in the U.S. Senate.

The Constitution, in Article I, Section 8 states: “The Congress shall have the Power To… coin Money, (and) regulate the Value thereof….” Congress and a President, in 1913, handed this power to the “Federal Reserve”, a fictitious name for a privately held “Central” Bank. It is neither a part of our government nor a reserve. Why the deception? Why not call it a Central Bank like other countries now do?

The perils of a Central Bank were not unknown in 1913 and perhaps the following words from Thomas Jefferson still rang in the halls of government and in the minds of Americans:  The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin (paper money was valued against gold or silver). If the American People allow private 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 their Property until Children will wake up homeless on the continent their Fathers conquered. Thomas Jefferson

How did a private bank take over the US currency? By very cleverly disguising it. By writing a Bill so cleverly dishonest as to fool members of congress and a President. It took over a hundred years of persistence for this group of bankers to succeed in taking over America’s monetary system and there by gaining control of our Federal  Government.

On 23 December, 1913 a small remaining portion of our congress (those who had not gone home for Christmas) and the pen of an unsuspecting President, Woodrow Wilson, gave away Congress’s power and responsibility to issue Coin and regulate its value.  Later, President Wilson had this to say about the Federal Reserve Act: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation (the United States) is (now) controlled by its system of credit…. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -President Woodrow Wilson

Is it clear now why our two political parties which seem so different, have continued a common push down a path of greater debt?

The Aldrich Bill, entitled The Federal Reserve Act was presented to the American people as the safest means of protecting our financial system from the greedy hands of “Wall Street Bankers” while unknowingly putting it into the dishonest and greedy hands of international bankers.

As we enter the hundredth year anniversary of the Federal Reserve, can we say it has kept to its purpose? It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system.”  (from the website of the Federal Reserve: federalreserve.org)

The “Federal Reserve Note”, the dollar you carry, replaced Coin (gold and silver) with Credit (borrowing “money”). Who does America borrow from? The Federal Reserve. Where do they get if from? They print it, then lend it to us.

Is our currency now more flexible? Yes. Its value is set by the Fed, not by any relationship to the value of gold or silver as you can see by the “price” of gold on today’s market.

Is our currency more stable, more safe? No. This “stable” and “safe” financial system has created three great depressions, in which Americans lost tremendous amounts of hard earned wealth. The first in the 1930s, again in the 1980s… and once again the current depression beginning in 2008.  “…first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their Property…”

As Jefferson warned, are we being deprived of our property?  Depending on the source, families lost about 1.2 million homes since 2008 and American Investors lost a reported 7 trillion in investments. Since 2008,  7.9 million jobs have been lost. Meanwhile our Country’s “debt” just exceeded 16 trillion dollars?

It could be said that “He, who holds the debt, owns the assets.”  Who owns the United States?

We were warned by Thomas Jefferson.

There is only one fix to this problem. Repeal the Federal Reserve Act and reinstate  Congress’ power to issue and control the value of the US Dollar. Confiscate and return to our government the property held by the Federal Reserve, including all means of printing US Currency and make it a treasonous offence to change our monetary system as laid down in the Constitution.

What about the existing debt? If the money was issued out of nothing, from nothing, then there is no debt. A scam is a scam, you don’t pay back real money to a  counterfeiter. You put him in Jail. If we owe money to another country borrowed in good faith, then we pay it back. If we actually owe China 2.6 Trillion, then we pay it back.

The solution starts with the Audit the Fed Bill, which has passed in The House of Representatives earlier this summer and is now with the Senate. Now is the time to act. Call on your Senators and make this happen.

Right now the Bill is in the hands of Senator Harry Reid, who very likely feels more threatened by the Federal Reserve then by you, the American people. Demand must be brought on Senator Reid to bring this Bill to the Senate Floor for a vote. Only then does America have a chance to return sovereignty of our nation to its rightful holders, we the people.

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