on the scam of the federal reserve system.pdf

7/27/2019 On the Scam of The Federal Reserve System.pdf

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On the Scam of The Federal Reserve Systemexcerpted from Jeffrey Thomas Maehr, petitioner before the U.S.

Supreme Court

ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT

CONGRESS SHALL HAVE THE POWER TO COIN (CREATE)

MONEY AND REGULATE THE VALUE THEREOF.

IN 1935 THE SUPREME COURT RULED THAT CONGRESS

CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO

ANOTHER GROUP.Case Information, A. L. A. Schechter Poultry Corp. v. United States, No.

854,

"Congress is not permitted by the Constitution to abdicate, or to transfer

to others, the essential legislative functions with which it is vested. Art.

I, 1; Art. I, 8, par. 18. Panama Refining Co. v. Ryan, 293 U.S. 388. P.

529 ."

The printing of Federal Reserve Notes, legally not lawful money, has

been in the hands of the Federal private Reserve since 1913.

"The Federal Reserve Banks are privately owned, locally controlled

corporations"

--[Lewis vs. U.S., 680 F.2d 1239, 1241](1982)

Black's Law Dictionary defines the 'Federal Reserve System' as:

"Network of twelve central banks to which most national banks

belong and to which state chartered banks may belong. Membership

rules require investment of stock and minimum reserves."


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Privately-owned banks own the stock of the FED. This was

explained in more detail in the case of Lewis v. United States,

Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982),

where the court said: "Each Federal Reserve Bank is a separate

corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine

member board of directors."

THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.

(Just look in the phone book under government agencies and you will

NOT find the Federal Reserve there. Look, however, in the white pages,

and you will find it listed as a business, a private corporation.)

The FED began with approximately 300 people or banks that became

owners (stockholders purchasing stock at $100 per share - the stock is

not publicly traded) in the Federal Reserve Banking System. They make

up an international banking cartel of wealth beyond comparison. The

FED banking system collects billions of dollars in interest annually and

distributes the profits to its shareholders. The Congress illegally gave the

FED the right to print money (through the Treasury) at no interest to the

FED.

The process goes like this:

The government wants to borrow money so it can spend it on the

countless unconstitutional programs it creates. It requests the money

from the FED, which authorizes the printing of the said amount. The

treasury prints the money from nothing, each bill costing the Federal

Reserve private system 2.6 cents each, whether a $1 or a $100 bill, and

"loans" it back to us through banks, and charges interest on this created

from nothing currency. The FED also buys Government debt with

money printed on a printing press, and charges U.S. taxpayers interest

on all this spending. Many Congressmen and Presidents say this is

fraud .


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In other words, this is financial fraud of immense proportions where

"money" is counterfeited, then given to us as lawful money which we

are asked to pay our debt with... on top of which we are also charged

interest, adding every minute to the national debt, and wealth into the

pockets of wealthy bankers and families... all through constructive fraud.

(1) "The Federal Reserve Bank,"by H.S. Kenan, published by The

Noontide Press

(2) National Committee to Repeal the Federal Reserve Act, P.O. Box

156, Westmont, IL 60559

(3) "The New World Order, Saving America,"P.O. Box 1205,Middleburg, FL 32050-1205

(4) "The Most Secret Science,"Betsy Ross Press, P.O. Box 986, Ft.

Collins, CO 80522 (Book) States attempt to abolish the FED.

(5) $16 trillion in government and private debt, much of which the FED

printed and collected interest on

(6) "En Route to Global Occupation" by Gary H. Kah

(7) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut.

On May 23, 1933, Congressman, Louis T. McFadden, brought formal

charges against the Board of Governors of the Federal Reserve Bank

system, The Comptroller of the Currency and the Secretary of United

States Treasury for numerous criminal acts, including but not limited to,

conspiracy, fraud, unlawful conversion, and treason. The petition forArticles of Impeachment was thereafter referred to the Judiciary

Committee and has yet to be acted on.

Excerpt of speech:


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"Chairman, we have in this Country one of the most corruptinstitutions the world has ever known. I refer to the FederalReserve Board and the Federal Reserve Banks, hereinafter calledthe Fed. The Fed has cheated the Government of these United

States and the people of the United States out of enough moneyto pay the Nation's debt. The depredations and iniquities of theFed has cost enough money to pay the National debt severaltimes over. "

"This evil institution has impoverished and ruined the people ofthese United States, has bankrupted itself, and has practicallybankrupted our Government. It has done this through the defectsof the law under which it operates, through the maladministrationof that law by the Fed and through the corrupt practices of themoneyed vultures who control it."

The following Executive order was signed by President Kennedy shortly

before his assassination, and has never been rescinded and still stands.

This abolished the Federal Reserve and provided for 4.3 billion in silver-

backed treasury notes which was printed. Order 11110 gave the U.S. the

ability to create its own money backed by silver, and would have

prevented the national debt we now have and which enriches bankersand wealthy families.

Virtually all of the nearly $6 trillion in debt has been created since 1963,

and if a U.S. president had utilized Executive Order 11110 the debt

would be nowhere near the current level. Government should stand

behind its currency and credit and the Bank deposits of the Nation. No

individual should suffer a loss of money through depreciation or inflated

currency or Bank bankruptcy.

Government possessing the power to create and issue currency and

credit as money and enjoying the right to withdraw both currency and

credit from circulation by Taxation and otherwise need not and should

not borrow capital at interest as a means of financing Governmental


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work and public enterprise. The Government should create, issue, and

circulate all the currency and credit needed to satisfy the spending power

of the Government and the buying power of the consumers.

(This writing continues, can be found on the web.)

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