The Coming Economic Collapse!
Part 18
By Devvy Kidd and David J. Smith

“And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see you hurt not the oil and the wine” (Revelation 6: 5-6).

The Apostle John saw something for the end of the age that was quite disturbing. He had seen religious infiltration to water down religion [white horse]. He saw the rise of wars of liberation, killing of nearly half the population of nations that were overthrown for communism [red horse]. Suddenly, he sees an economic collapse to further the drive toward a world government, with all nations losing their national sovereignty and becoming slaves to the power elite. The seals of the Book of Revelation reveal Satan’s tactics to establish world government under his man (Revelation 13: 2).

How Will World Government Be Achieved?

“Give me control over a nation’s currency and I care not who makes its laws.” Baron M. A. Rothschild (1744-1812 AD)

“Whoever controls the volume of money in any country is master of all its legislation and commerce.” President James Garfield (1831-1881 AD)

Exposing the Illuminati’s Fraud

Let us begin by exposing this mysterious entity known as the Federal Reserve Banking System. This entity is not part of our government. The “Fed” is privately owned by a select group of powerful individuals and private banking cartels. Its express purpose is to fleece the American people by stealing our money under the pretext of a “central banking system” that calls itself Federal. Yet, it is no more a part of, or controlled by, the Federal Government than is Federal Express!

The U.S. Constitution, Article 1 section 8 states:

“Congress shall ... have the power to coin money, regulate the value thereof.”

This authority is granted and vested only in the U.S. Congress. On April 19, 1982, the U.S. Court of Appeals, Ninth Circuit Court ruled the “Federal Reserve Banks are privately owned, locally controlled corporations” [Lewis vs. U.S.].

Chairman Louis T. McFadden of the House Banking and Currency Committee, addressed the House on June 10, 1932:

“Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders.” [75 Congressional Record 12595-12603]

In a speech delivered before the Washington Chamber of Commerce in 1921, William G. Harding, Governor of the Federal Reserve Board stated:

“From a legal standpoint these banks are private corporations, organized under a special act of Congress, namely, the Federal Reserve Act. They are not in the strict sense of the word Government banks.”

This “special act” by Congress in 1913 was in direct violation of the 16th Corpus Juris Secundum, Section 141, which states that Congress cannot delegate or sign over its authority to any individual, corporation, or foreign nation. Yet, that is exactly what occurred in December of 1913 by a select group of individuals in the U.S. Congress. That “special act” has become the biggest fraud in the history of the United States.

It is mathematically impossible to pay off the national debt when examing the origin of money under this central banking system. According to William H. Ferkler, Manager of Public Affairs, Department of Treasury, Bureau of Engraving & Printing, Washington, D.C.: “As we have advised, the Federal Reserve is currently paying the Bureau approximately $23 for each 1,000 notes printed. This does include the cost of printing, paper, ink, labor, etc. Therefore, 10,000 notes of ANY denomination, including the $100 note would cost the Federal Reserve $230. In addition, the Federal Reserve must secure a pledge of collateral equal to the face value of the notes.”

In ordering these illegal notes or promise to repay into existence by sending a purchase order to the Bureau of Engraving for 10,000 notes, at a total cost of $230 to the Federal Reserve, this private banking cartel, not WE the People, thereby obtain a pledge of collateral equal to their face value of $50,000 if they are $5 dollar bills, or $100,000 if they print $10 bills, or$200,000 if they order $20 bills; $500,000 if they have printed $50 bills; $1,000,000 if they order $100 bills; $5,000,000 if they order $500 bills, or $100,000,000 if they print $10,000 bills. This pledge is made to the Federal Reserve Cartel by Congress, and the collateral to which Congress pledges is the land, labor, and ASSETS of the American people. What a racket!!!

This private entity known as “the Fed” was incorporated in 1914 and has been creating a completely unnecessary national debt ever since. Simply stated: The Fed creates money AS DEBT. The Fed creates money out of thin air. This is accomplished at the stroke of a pen with nothing more than a book entry when the members of the Federal Reserve System make loans to the government, to banks, to businesses, and to individuals. This DEBT, money is the money suppy we are forced to use.

The Federal Reserve Systems’ banks charge USURY [interest] on the created debt money. We American citizens are obligated to repay this debt money, PLUS the usury [interest]. However, the money to pay the usury on the debt is never created within the system. Loan repayments to banks reduce the money supply, because the money is removed from circulation when the debt is repaid. To keep the money supply from shrinking, MORE borrowing is necessary. It is mathematically impossible to pay off the aggregate debt principle plus the aggregate usury.

In a futile attempt to avoid the day of reckoning, borrowers are forced to take on increasing amounts of debt to pay not only the principal of the debt, but the usury as well. Debt escalates at an expotential rate until borrowers are forced into bankruptcy. This phenomena is not unique to government borrowing, but applies as well to individuals and businesses. The ultimate consequences are: involuntary unemployment, inflation, burdensome usury rates, and the calculated loss of our inherited rights and freedoms, and the confiscation of our property.

We should heed the wise words of Daniel Webster: “A disordered currency is one of the greatest political evils. It undermines the virtues necessary for the support of the social system, and encourages propensities destructive to its happiness. It wars against industry, frugality and economy, and it fosters evil spirits of extravagance and speculation. Of all the contrivances for cheating the laboring classes of mankind, NONE has been more effectual than that which deludes them with PAPER MONEY.” [Congressional Record, March 4, 1946]

This is now what we have - paper money. If Congress does not rectify the matter, the whole house of paper money is going to fall down around our heads within a few short years. The ultimate mathematical equation is complete and total bankruptcy for all but the elite few is certain. Tens of thousands of Americans have been begging Congress to stop this fraud for over 30 years to no avail. All that Americans have received is more and more taxation to feed this monster and the debt it creates.

Louis T. McFadden, Chairman of the House Banking Committee, speaking about the international financial conspirators during the very time they were taking over the monetary control of America stated: “We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. They are NOT government institutions. They are private monopolies which prey upon the People of the United States for the benefit of themselves and their foreign and domestic swindlers; rich and predatory moneylenders.” McFadden died under very mysterious circumstances in 1936 after three previous attempts on his life.

George W. Malone, U.S. Senator from Nevada, speaking before Congress in 1957 alluded to the families that secretly own the Federal Reserve Bank and control the finances of the U.S.: “I believe that if the people of this nation fully understood what Congress has done to them over the past 49 years, they would move on Washington; they would not wait for an election ... It adds up to a preconceived plan to destroy the economic and social independence of the United States.”

The time will come when 100% of every federal income tax dollar you are coerced to pay will go just to service the interest on the national debt.

“The actual deficits are almost twice as large as those admitted by government. So WHY has not our economy collapsed? Because the American people still have confidence in ‘the system.’ The heart of the system depends on borrowing to fund the budget deficits each year. The interest on a $3 trillion debt amounts to $240 billion annually, or about 40 percent of all personal income taxes paid. When this debt swells to $20 trillion in nine years or so, the annual interest will be $1.6 trillion, or about 200 percent of all personal income taxes projected for that year (at a 33 percent rate).”

(Larry Burkett, The Coming Economic Earthquake, p. 90)

We have yet to pay a dime toward the principal of this alleged debt; and because of the modern banking miracle of compound interest, the debt continues to rise unabated. Whose debt is it anyway? Is this what we work our fingers to the bone for - to pay USURY to a private group of bankers who make up the Fed? Some of those stockholders are identified as: Rothschilds of London and Berlin, Lazard Bros. of Paris, Israel Mossesschieff of Italy, Kuhn and Loeb of Germany, Warburg of Hamburg, Lehman Bros. of New York, Goldman and Sachs of New York, and Rockefellers of New York.Not you or I, not America, not the U.S. Government, but a consortium of private international banking families and their stockholders collects the usury and controls our economic life!!!

The Federal Reserve System takes in about a trillion dollars yearly. Our Congress gives them special exemption from paying taxes on their illegally obtained income. They pay only real estate taxes while we pay to make them rich beyond our wildest imagination, and Americans slide further and further into personal bankruptcy and despair.

The Fed violates your 13th Amendment Constitutional rights by placing We the People into involuntary servitude. By forcing us to use an illegal medium of worthless currency, indebted with interest that can never be paid back, we are placed into involuntary servitude to these private individuals who own the Fed and its branch banks.

“This Act establishes the most gigantic trust on earth. When the President signs this Act the invisible government by the money power, proven to exist by the Money Trust Investigation, will be legalized. The new law will create inflation whenever the trusts want inflation. From now on depression will be scientifically created.”

(Charles A. Lindbergh, Sr. at the time of the passage of the Federal Reserve Act in 1913)

The Federal Reserve System Was Planned in Secrecy

“Despite my views about the value to society of greater publicity for the affairs of corporations, there was an occasion, near the close of 1910, when I was as secretive, indeed, as furtive, as any conspirator ... our secret expedition to Jekyl Island [Georgia] as the occasion of the actual conception of what eventually became the Federal Reserve System.”

(Frank Vanderlip, Saturday Evening Post, February 9, 1935, p. 25)

Colonel Edward Mandell House, Foreign Affairs Advisor to President Woodrow Wilson, chief architect of the Council on Foreign Relations, and author of the book Phillip Dru, Administrator: A Story of Tomorrow, advocated “socialism as dreamed by Karl Marx,” is also characterized as “the unseen guardian angel of the Federal Reserve Act,” according to House’s biographer, Charles Seymour in The Intimate Papers of Colonel House.

As a matter of fact, on November 23, 1933, FDR, in a letter to Col. House stated: “The real truth of the matter is, and you and I know, that a financial element in large centers has owned the government of the U.S. since the days of Andrew Jackson [which history depicts as the last truly honorable and incorruptible American President].”

The Federal Reserve Is Independent in Its Operations

“Neither Presidents, Congressmen, nor Secretaries of the Treasury direct the Federal Reserve. In the matters of money, the Federal Reserve directs them.” Gary Allen, None Dare Call It Conspiracy

“In the United States 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.” Congressman Wright Patman

The Federal Reserve Is a Government Granted Private Monopoly

“By law, the seven members of the Federal Reserve Board are appointed by the President for a term of fourteen years each. In spite of the incredible length of these appointments, nevertheless, they are supposed to create the illusion that the people, acting through their elected leaders, have some voice in the nation’s monetary policies. In practice, however, EVERY President since the beginning of the Federal Reserve System has appointed those men who were congenial to the financial interests of the international banking dynasties. There have been no exceptions.”

G. Edward Griffin, The Capitalist Conspiracy, p. 17

“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.” Henry Ford, founder of the Ford Motor Company, commenting on the “Federal” Reserve scam.

The Federal Reserve Has Never Been Audited

“In its 60-year history [today - 92 years], the Federal Reserve System has never been subjected to a complete, independent audit, and it is the ONLY important agency that refuses to consent to an audit by the Congress’ agency, the General Accounting Office ... GAO audits of the Federal Reserve will, moreover, fill the glaring gap that now exists in our information about the Fed’s activities and programs. As things now stand, the only information that we get on programs of the Fed is what the Fed itself wants us to have.” Congressman Wright Patman, Congressional Record, May 5, 1975

Ask yourself: How can an alleged agency of the federal government of the United States operate for 92 years WITHOUT ever being audited? Simple! Since the Fed is privately owned, our Congress does not have the power to enforce an audit.

What the Fed Says About Itself

Some of the most informative materials available on the topics of money, inflation, interest, banks and banking, are issued by the twelve Federal Reserve District Banks. Most materials are available free of charge. Many larger metropolitan cities have a local Fed Branch Bank, such as Dallas, Texas. You are encouraged to walk in and ask to speak to the Public Relations Manager. His job is to answer your questions and furnish you with any materials you may desire, relevant to banks and banking, interest [usury], inflation, money and currency. If you take the time to research, you will be utterly amazed at what you discover!

Pre-Federal Reserve History

Prior to the “Federal Reserve Act of 1913,” the United States Government coined, and issued our currency debt free. The ONLY lawful and Constitutional form of money were gold and silver. The Free Coinage Act of 1792 established a standard weight, purity, and denomination for the nation’s money.

The authority for Congress was set forth in Article 1, Sec. 8 and Sec. 10 which state:

Precious metals such as gold and silver have been the most highly prized means of monetary exchange for many centuries. They are “honest money.” By mining the earth, one exchanges their God-given talents and resources for wealth. That wealth can then in turn be exchanged for the goods and services honestly produced by another individual’s talents and resources. The Free Coinage Act of 1792 dramatically simplified the process of issuing a standard coin into circulation. At no cost, the individual could take his silver or gold dust, shavings, or bullion, to the mint, and have it melted down and pressed into coin. Now it was guaranteed to be a standard weight and purity.

What Is Money?

Ever wonder just what money is? Let us look at some common definitions:

USC Title 12 Sec. 152:

“Lawful money of the United States shall be construed to mean gold and silver coin ...”

Black’s Law Dictionary:

“Coins and paper currency used as circulating medium of exchange, and DOES NOT embrace notes, bonds, evidence of debt ...”

What we readily see from these definitions is that paper CANNOT be money. What we carry in our pockets - Federal Reserve Notes are disqualified as money, because they are notes. A note is an IOU - an evidence of debt. It is NOT money! Why then do we call it money? Have we been tricked?

The Free Coinage Act specified money to be gold or silver coin, and the denomination to be based upon a weight - a dollar, and all coins were to be at least 90% pure. The dollar is specified as:

Gold - 25.8 grains

Silver - 412.5 grains

Between revenues generated from loaning to private banks at a set interest rate and revenues generated from excise taxes, military sales, etc., the government of our nation does not need to charge one penny in personal federal income tax. The personal income tax is Socialistic in design and goes against everything the founding fathers of this nation believed in and created the Constitution for - to allow us taxation WITH representation and to NEVER allow private or foreign interests to control our money system.

Recall the words of Thomas Jefferson:

“Single acts of tyranny may be ascribed to the accidental opinion of a day. But a series of oppressions, begun at a distinguished period, and pursued unalterably through every change of ministers (administration), too plainly PROVES a deliberate systematic plan of reducing us to slavery.”

Is this not exactly the PLAN implemented with the so-called “Federal Reserve Act of 1913,” and the creation of the income tax? Both the Central Bank and the graduated income tax are planks of the Communist Manifesto!!! Are we being Socialized/Communized?

Abraham Lincoln stated:

“The privilege of creating and issuing money is not the supreme prerogative of Government, but is the Government’s greatest creative opportunity. By the adoption of these principles, the taxpayers will be saved immense sums of interest.”

Why was a personal, progressive income tax placed upon We the People in 1913 - the same year the Fed came into being? How else could the kingpins of the Fed finance all this usury charged against bogus currency? Simple. Start taxing the people and calling this illegal scam a national debt.

Contrary to IRS opinion and the propaganda by the Insiders, the 16th Amendment to the U.S. Constitution was never ratified. Bill Benson and Red Beckman went to 48 states’ legislatures and found something very shocking - only 4 states voted for the 16th Amendment! Their exhaustively researched document, The Law That Never Was, Vols. 1 & 2, demonstrates beyond a shadow of a doubt that the 16th Amendment was never properly ratified as a Constitutional Amendment. It was simply declared to be “in effect” by President Taft’s Secretary of State.

It is unconstitutional for the U.S. Government to directly tax wages and earnings.Even if it was valid, the 16th Amendment does not change the Constitution, for it is an excise tax on income derived from revenue taxable activities, interest, gains, and profits.

“Title 26 of U.S. Code is referred to as the Internal Revenue Code. Even though Americans believe they are law in the 50 states of the Union, they are not.

“Deceptive statements by IRS spokesmen and other propagandists have created great confusion as to whether these limitations on direct taxes are still in effect. Some incorrectly claim that the 16th Amendment [the income tax amendment] changed the constitutional limitations on direct taxes and authorized an income tax as a direct tax without apportionment. The U.S. Supreme Court rejected these claims in the case of Brushaber v. Union Pacific R.R. Co., 240 US 1, when they ruled that the 16th Amendment created no new power of taxation and that it did not change the constitutional limitations which forbid any direct taxation of individuals.”

NCBA Bulletin, May 1988

The Federal Tax Lien Act of 1966, P.O. 89-719 legislative history, Pg. 3722 states: “The entire taxing and monetary systems are hereby placed under the Uniform Commercial Code.”

On page 3 of your 1992 Forms and 1040 Instructions book issued by the Internal Revenue Service, the Commissioner of the IRS states, paragraph 2, sentence 1:

“The Congress shall have Power To Coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard Weights and Measures.”

“No state shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts.”

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