The Federal Reserve was created in 1913-1914 in order to bring stability to the economy and yet, almost every major financial crash/crisis, including the Great Depression, seems to be attributed to the Federal Reserve.
We are going to look at the history of the Fed and what prominent historical figures have said about the organisation.
From 1837-1862, there was a system of national banks in the USA. In 1913-1914, a consortium of 12 privately held banks got together and formed the Federal Reserve Bank, an entity that is technically not part of the US government. These privately held banks purchased notes from the US Mint in exchange for printing costs and then lent them out through member banks charging interest.
The Fed and prominent historical figures
The Federal Reserve came into existence after its supporters paid for the Presidential campaign of US President Woodrow Wilson. Wilson signed the bill that transferred the US currency to twelve regional private banks. Wilson later regretted his decision saying: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. 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.” The USA and all other governments should have their own banks and their own gold.
In 1933, President Roosevelt confiscated gold belonging to US citizens and turned it over to the Federal Reserve. At the very moment when Americans needed to protect their wealth the most, the best store of wealth ever created, gold, was confiscated from American citizens and given to a un-elected conglomerate of private banks.
When the bill for the Federal Reserve was being considered, some brave politicians spoke out against its creation calling it “the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.” Furthermore, Congressman Victor Murdock said, “I do not blind myself to the fact that this measure will not be effectual as a remedy for a great national evil – the concentrated control of credit.”
It even appears that one of the most important and most respected figures in American history disagrees with the Federal Reserve saying, “If the American people ever allow private banks to control the issue 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 property until their children wake up homeless on the continent their fathers conquered.”
Jefferson also said, “I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies.”
So why can the Federal Reserve just continue like this?
Well, as the Rothschild Brothers of London said in 1863, “The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favours, that there will be no opposition from that class.”
The great Henry Ford once said, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Remarkable quotes regarding the Fed
”In the USA today we have in effect two governments… we have the duly constituted Government… then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.” – Rep. Wright Palman (D-TX).
”We have a super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” – Rep. Louis Mc Fadden (D-PA).
”The little coterie of powerful international bankers virtually run the United States government for their own selfish purpose. They practically control both parties, write political platforms, make cats paws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable only such candidates as will be amenable to the dictates of corrupt big business. These international bankers and Rockefeller-Standard Oil interests control the majority of newspapers and magazines in this country. – John Hylan, Major of New York, New York Times, March 26, 1922.
”The powers of financial capitalism had a far reaching plan, nothing less than to create a world wide system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreement arrived at frequent meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland; a private Bank owned and controlled by the world’s central banks, which were themselves, private corporations. Each central bank…sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in business world.”
– Tragedy and hope, p. 324, by Carroll Quigley, professor, Georgetown University.
”To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate… producing an expansion of credit and a rising stock market, then when… business men are adjusted to these conditions, it can cheek… prosperity in mid-career by arbitrarily raising the rate of interest. It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variation, and in either case, it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.
The strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money. They know in advance when create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance.” – Rep. Charles Lindbergh (R-MV).
”We are on the verge of a global transformation. All we need is a right major crisis and the nation will accept the New World Order.” – David Rockefeller
“The crisis we face in the financial markets has many novel aspects, largely arising from the complexity and sophistication of today’s financial institutions and instruments and the remarkable degree of global financial integration that allows financial shocks to be transmitted around the world at the speed of light.” – Fed Chairman Ben S. Bernanke, Economic Club of NY, 10/15/08.
Central banks
Many believe that governments rule the world, but, in reality, banks and international laws rule governments. Central banks, which are private corporations, lend money to governments. In that way, they gradually seize control over governments by money (and by international laws).
The Federal Reserve lends newly printed money to the commercial banking system of the U.S., thus the balances on all bank loans, mortgages, and credit cards are ultimately owed to the Federal Reserve!
Central banks, which collectively control money worldwide, are using chaos, credit, and debts to finalize their conquest! If and when the U.S. government and all other government’s no longer govern their banking systems, then the central banks will have control and rule the world.
On the international front, the US has lost its status as the world’s largest economy. The USA has too much debt. They have more loans than the gross national product, so they are going in minus. The USA will never manage to solve their economic problem, and the country will soon end in ruin.
The U.S. has a deficit of about 1 billion dollars and this deficit is continually getting bigger. The U.S. finds itself in a most difficult position and its credit rating is being downgraded. When this nation, within a very short time, comes to economic ruin, as few economic experts have believed, then will all other nations be affected and we will suddenly be in a global economic crisis that will have huge consequences.
Paper is poverty
“Paper is poverty… it is only the ghost of money, and not money itself.”
The Federal Reserve Act was passed on December 24, 1913, by a small group of senators, because their colleagues had gone home for the Christmas holiday. This act shifted the responsibility of America’s finances from Congress to a private corporation. The U.S. Government and its taxpayers are in debt to this private corporation. The Fed prints paper money on demand to lend to the U.S. Government in the form of treasury bills, notes and bonds. Because it prints money on demand, rather than having it in their vaults, DEBT-USURY will be the result for lending.
The result of DEBT-BASED LENDING: The taxpayer is paying interest on money that the bankers NEVER HAD…BUT PRINTED.
The Federal Reserve makes no secret about the scam they are running as the Boston section of the Federal Reserve Bank said: “When you or I write a check there must be sufficient funds in our account to cover the cheque, but when the Federal Reserve writes a check there is no bank deposit on which that cheque is drawn. When the Federal Reserve writes a cheque, it is creating money.”
Perhaps the Fed can create money, but we strongly believe that wealth cannot be created. Wealth is simply transferred, it is not created and we challenge anyone to prove otherwise. The only time wealth was created was when the world was created, with all its resources, true wealth.
The problem is, very few people understand the system at all. It is not taught in schools and even some of the most prominent financial analysts and fund managers really have no idea how the system works. These analysts and managers tend to define inflation as rising prices when in fact, inflation occurs because of the expansion of the money supply. They even link inflation with the economy doing well, saying, “we should raise interest rates as the economy did extremely well this month and we don’t want inflation getting out of hand”, or words to that effect.
What all people, not just investors, need to understand is that paper money is worthless. Gold and precious metals are the real money, wealth that cannot be created unlike its paper ghost counterpart. The gold in the US is in the hands of the Federal Reserve System and not in the hands of the US government. It is like this in many other countries, such is the case in Norway; in spite of the government possessing much oil, they have sold their gold to the money masters. Either the USA or Norway should have sold their gold.
Today many central banks buy gold as never before, and in that way they have the “real money”. Gold is power in the world today, but later on in this article we shall look into pure gold that is much more valuable.
Gold and silver in the Bible
In the book of Daniel, we find that the papacy will have control over the gold and the silver. We read: ”But he shall have power over the treasures of gold and of silver, and over all the precious things of Egypt: and the Libyans and the Ethiopians shall be at his steps.” Daniel 11: 43. In the New Testament, the Bible also says that the money is in the hands of the papacy, symbolised as a whore in Revelation, chapter 17 and 18. There must then be a connection between the Federal Reserve Bank system and the papacy. We read: ”And the woman was arrayed in purple and scarlet colour, and decked with gold and precious stones and pearls, having a golden cup in her hand full of abominations and filthiness of her fornication…for all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies. And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues. For her sins have reached unto heaven, and God hath remembered her iniquities. Reward her even as she rewarded you, and double unto her double according to her works: in the cup which she hath filled fill to her double. How much she hath glorified herself, and lived deliciously, so much torment and sorrow give her: for she saith in her heart, I sit a queen, and am no widow, and shall see no sorrow. Therefore shall her plaques come in one day, death, and mourning, and famine; and she shall be utterly burned with fire: for strong is the Lord God who judged her. And the kings of the earth, who have committed fornication and lived deliciously with her, shall bewail her, and lament for her, when they shall see the smoke of her burning. Standing afar off for the fear of her torment, saying, Alas, alas, that great city Babylon, that mighty city! For in one hour is thy judgement come. And the merchants of the earth shall weep and mourn over her; for no man buyeth their merchandise any more…the merchants of these things, which were made rich by her, shall stand afar off for the fear of her torment, weeping and wailing. And saying, Alas, alas, that great city, that was clothed in fine linen, and purple, and scarlet, and decked with gold, and precious stones, and pearls! For in one hour so great riches is come to nought. And every shipmaster, and all the company in ship, and sailors, and as many as trade by sea, stood afar off, And cried when they saw the smoke of her burning, saying, What city is like unto this great city! And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas, that great city, wherein were made rich all that had ships in the sea by reason of her costliness! For in one hour is she made desolate…for thy merchants were the great men of the earth; for by thy sorceries were all nations deceived…and the woman which thou sawest is the great city, which reigneth over the kings of the earth.” (Revelation 17:4; 18:3-19).
Here we see that the Catholic Church has a smart strategy, and the leaders of the world are being deceived by her sorceries. Are you being deceived, or do you understand what is going on in the light of the prophecies of the Bible?
Economic collapse
An economic collapse will come, and the leaders of the world, the men in secret societies and the Catholic Church, will all be surprised. They will be surprised because it will not go just as they have planned. They will also lose their wealth within a short time.
The Bible has more to tell about this economic collapse that soon will come: ”Come now, you rich, weep and howl for your miseries that are coming upon you! Your riches are corrupted, and your garments are moth-eaten. Your gold and silver are corroded, and the corrosion will be a witness against you and will eat your flesh like fire. You have heaped up treasure in the last days. Indeed the wages of the laborers who mowed your fields, which you kept back by fraud, cry out; and the cries of the reapers have reached the ears of the Lord of Sabaoth. You have lived on earth in pleasure and luxury; you have fattened your hearts as in a day of slaughter. You have condemned, you have murdered the just; he does not resist you.” (James 5:1-6).
Many countries like the USA, Japan, Italy, Ireland, Portugal, Greece, Spain and others, are on the border of economic collapse. In Europe, the European Union addresses the economically weak countries by saying: ”You can rent money from us.” In so doing, the member countries will more and more be slaves under the EU because they have to pay the money back to EU. It is also like this with the USA. The US borrows money from the Federal Reserve Bank, and as a result, it too becomes a slave under the bankers. The central bank systems are, according to the Bible, just a tool for the Catholic Church. They own the silver and the gold, not the paper money, but the gold. It is gold that is valuable.
The Catholic Church and financial control
As we have seen in the history of the Catholic Church, she works through other channels, in order to hide her agendas. It seems that this is the case also with financial matters when she uses the Federal Reserve System and the International Central Bank in order to control finances. But as we have seen from the Bible, in this end time scenario, all her wealth will be ruined within a short time. (Revelation 18:19).
God is in control, and He will let it go so far and not longer. The Devil and his workers are now trying to get control of this earth by using terrible methods, and he will succeed to a certain degree, but Christ will intervene with His second coming in glory, and save His people.
The Bible reveals that the world powers, working under the system of the Catholic Church, are fighting against the LORD and his people. (Rev. 17, 12-14). The Bible warns us against trusting in worldly powers, because they are trying to establish a Babylonian system on this earth, and they are not ruling after the laws of the Creator. The appeal from the Bible sounds like this: ”And after these things I saw another angel come down from heaven, having great power; and the earth was lightened with his glory, and he cried mightily with a strong voice, saying, Babylon the great is fallen, is fallen, and is become the habitation of devils, and the hold of every foul spirit, and a cage of every unclean and hateful bird. For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies. And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.” –Rev. 18:1-4.
Pure as gold and silver
We will now consider another kind of pure gold that is much more valuable than gold as money. At this time, we are all being tested as gold and silver tried in the fire. We read: “But who may abide the day of His coming? And who shall stand when He appeareth? For He is like a refiner’s fire, and like fullers’ soap: And He shall sit as a refiner and purifier of silver: and He shall purify the sons of Levi, and purge them as gold and silver, that they may offer unto the LORD and offering in righteousness.” Malachi 3:2-3.
We have to be as pure gold and silver. We have to give all our heart to Christ, confessing all our sin, so that all sin can be removed from our life. “If we confess our sins, He is faithful and just to forgive us our sins, and to cleanse us from all unrighteousness.” 1. John 2:9. Do you want to take this decision now?
We have read the scripture about the refining process. “In this scripture is portrayed a refining, purifying process, to be carried on in the hearts of men by the Lord of hosts. The process is most trying to the soul, but it is only by this means that the dross can be removed. Of necessity we must endure trials; for through these we are brought close to our heavenly Father, in obedience to His will, that we may render to Him an offering in righteousness…
The Master sees wherein we need to be purified for His heavenly kingdom. He will not leave us in the furnace until we are wholly consumed. As a refiner and purifier of silver (and gold), He is beholding His children, watching the process of purification, until He shall discern His image reflecting in us. Although we often feel affliction’s flame kindling about us, and at times fear that we shall be utterly consumed, yet the loving-kindness of God is just as great toward us at these times as when we are free in spirit and triumphing in Him. The furnace is to purify and refine, but not to consume and destroy. God in His providence would try us, to purify us as the sons of Levi, that we may offer to Him an offering in righteousness.”
– Ellen G. White, SW Feb. 7, 1905.
We have just read about how we all are now being tested. We are in a refining process. Shall we become like silver (or gold) mixed with dross or as pure silver (or gold)? In this purifying process “everything in our character that cannot enter the city of God will be reproved; if we submit to the Lord’s refining, all the dross and the tin will be consumed. As the Lord’s chosen ones will receive the light appropriated for this time, they will not be led to exalt themselves. They will not manufacture a standard whereby to measure their own character; for the Lord has given one standard, by which every character is to be tested. There is not one standard for the poor, and another for the rich; for all will be tested by that law which bids us love God supremely and our neighbour as ourselves. Those who win the treasure of heaven will be those who have laid up their treasure above. God gives us light and opportunities to learn from Christ; that we may be like Him in spirit and character, but we are not to conform to any human standard. We are to receive the truth of God into the heart, that it may regulate the life and form the character.
The Lord is looking upon men in different spheres in which they move, and the character is tested under the different circumstances in which they are placed. The truth, pure, refined, elevating, is a continual test, to measure the man. If truth control the conscience and is an abiding principle in the heart, it becomes an active working agent, it works by love and purifies the soul. But if the knowledge of the truth produces no beauty in the soul, if it does not subdue, soften, and recreate the man after God’s own image, it is of no benefit to the receiver; it is sounding brass and a tinkling cymbal. The truth as it is in Jesus, planted in the heart by the Holy Spirit, always works from within outward; it will be revealed in our words and spirit and actions toward everyone with whom we are connected.” Ellen G. White, letter 20a,1893.
We are in the end time and the last movements will be rapid ones! Great changes will soon come upon this earth!
Be ready, physically, mentally and spiritually!
In the blessed hope,
Abel and Bente Struksnes