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 (more…)