Thomas Jefferson, declared, "If the American people
ever allow private banks to control the issue of their money, first by inflation
and then by deflation, the banks and corporations that will grow up around them,
will deprive the people of their property until their children will wake up
homeless on the continent their fathers conquered."
Did Jefferson have a crystal ball when he spoke these words? Has a private bank
taken control over our nation's money supply?
The following is a conversation with Mr. Ron Supinski of the Public Information
Department of the San Francisco, Federal Reserve Bank. This is an account of
that conversation reconstructed to the best of my ability from notes taken
during the conversation on October 8, 1992.
CALLER - Mr. Supinski, does my country own the Federal Reserve System?
MR. SUPINSKI - We are an agency of the government.
CALLER - That's not my question. Is it owned by my country?
MR. SUPINSKI - It is an agency of the government created by congress.
CALLER - Is the Federal Reserve a Corporation?
MR. SUPINSKI - Yes CALLER - Does my government own any of the stock in the
Federal Reserve?
MR. SUPINSKI - No, it is owned by the member banks.
CALLER - Are the member banks private corporations?
MR. SUPINSKI - Yes CALLER - Are Federal Reserve Notes backed by anything?
MR. SUPINSKI -Yes, by the assets of the Federal Reserve but, primarily by the
power of congress to lay tax on the people.
CALLER - Did you say, by the power to collect taxes is what backs Federal
Reserve Notes?
MR. SUPINSKI - Yes CALLER - What are the total assets of the Federal Reserve?
MR. SUPINSKI - The San Francisco Bank has $36 Billion in assets.
CALLER - What are these assets comprised of?
MR. SUPINSKI - Gold, the Federal Reserve Bank itself and government securities.
CALLER - What value does the Federal Reserve Bank carry gold per oz. on their
books?
MR. SUPINSKI - I don't have that information but the San Francisco Bank has $1.6
billion in gold.
CALLER - Are you saying the Federal Reserve Bank of San Francisco has $1.6
billion in gold, the bank itself and the balance of the assets is government
securities?
MR. SUPINSKI - Yes.
CALLER - Where does the Federal Reserve get Federal Reserve Notes from?
MR. SUPINSKI - They are authorized by the Treasury.
CALLER - How much does the Federal Reserve pay for a $10 Federal Reserve Note?
MR. SUPINSKI - Fifty to seventy cents.
CALLER - How much do they pay for a $100.00 Federal Reserve Note?
MR. SUPINSKI - The same fifty to seventy cents.
CALLER - To pay only fifty cents for a $100.00 is a tremendous gain, isn't it?
MR. SUPINSKI - Yes
CALLER - According to the U.S. Treasury, the Federal Reserve
pays $20.60 per 1,000 denomination or a little over two cents for a $100.00
bill, is that correct?
MR. SUPINSKI - That is probably close.
CALLER - Doesn't the Federal Reserve use the Federal Reserve Notes that cost
about two cents each to purchase U.S. Bonds from the government?
MR. SUPINSKI - Yes, but there is more to it than that.
CALLER - Basically, that is what happens?
MR. SUPINSKI - Yes, basically you are correct.
CALLER - How many Federal Reserve Notes are in circulation?
MR. SUPINSKI - $263 billion and we can only account for a small percentage.
CALLER - Where did they go?
MR. SUPINSKI - Peoples mattress, buried in their back yards and illegal drug
money.
CALLER - Since the debt is payable in Federal Reserve Notes, how can the $4
trillion national debt be paid-off with the total Federal Reserve Notes in
circulation?
MR. SUPINSKI - I don't know.
CALLER - If the Federal Government would collect every Federal Reserve Note in
circulation would it be mathematically possible to pay the $4 trillion national
debt?
MR. SUPINSKI - No CALLER - Am I correct when I say, $1 deposited in a member
bank $8 can be lent out through Fractional Reserve Policy?
MR. SUPINSKI - About $7.
CALLER - Correct me if I am wrong but, $7 of additional Federal Reserve Notes
were never put in circulation. But, for lack of better words were "created out
of thin air " in the form of credits and the two cents per denomination were not
paid either. In other words, the Federal Reserve Notes were not physically
printed but, in reality were created by a journal entry and lent at interest. Is
that correct?
MR. SUPINSKI - Yes CALLER - Is that the reason there are only $263 billion
Federal Reserve Notes in circulation?
MR. SUPINSKI - That is part of the reason.
CALLER - Am I mistaking that when the Federal Reserve Act was passed (on
Christmas Eve) in 1913, it transferred the power to coin and issue our nations
money and to regulate the value thereof from Congress to a Private corporation.
And my country now borrows what should be our own money from the Federal Reserve
(a private corporation) plus interest. Is that correct and the debt can never be
paid off under the current money system of country?
MR. SUPINSKI - Basically, yes.
CALLER - I smell a rat, do you?
MR. SUPINSKI - I am sorry, I can't answer that, I work here.
CALLER - Has the Federal Reserve ever been independently audited?
MR. SUPINSKI - We are audited.
CALLER - Why is there a current House Resolution 1486 calling for a complete
audit of the Federal Reserve by the G.A.O. and why is the Federal Reserve
resisting?
MR. SUPINSKI - I don't know.
CALLER - Does the Federal Reserve regulate the value of Federal Reserve Notes
and interest rates?
MR. SUPINSKI - Yes
CALLER - Explain how the Federal Reserve System can be
Constitutional if, only the Congress of the U.S., which comprises of the Senate
and the House of Representatives has the power to coin and issue our money
supply and regulate the value thereof? [Article 1 Section 1 and Section 8]
Nowhere, in the Constitution does it give Congress the power or authority to
transfer any powers granted under the Constitution to a private corporation or,
does it?
MR. SUPINSKI - I am not an expert on constitutional law. I can refer you to our
legal department.
CALLER - I can tell you I have read the Constitution. It does NOT provide that
any power granted can be transferred to a private corporation.
Doesn't it specifically state, all other powers not granted are reserved to the
States and to the citizens? Does that mean to a private corporation?
MR. SUPINSKI - I don't think so, but we were created by Congress.
CALLER - Would you agree it is our country and it should be our money as
provided by our Constitution?
MR. SUPINSKI - I understand what you are saying.
CALLER - Why should we borrow our own money from a private consortium of
bankers? Isn't this why we had a revolution, created a separate sovereign nation
and a Bill of Rights?
MR. SUPINSKI - (Declined to answer).
CALLER - Has the Federal Reserve ever been declared constitutional by the
Supreme Court?
MR. SUPINSKI - I believe there has been court cases on the matter.
CALLER - Have they been Supreme Court Cases?
MR. SUPINSKI - I think so, but I am not sure.
CALLER - Didn't the Supreme Court declare unanimously in A.L.A.
Schechter Poultry Corp. vs. U.S. and Carter vs. Carter Coal Co. the
corporative-state arrangement an unconstitutional delegation of legislative
power? ["The power conferred is the power to regulate. This is legislative
delegation in its most obnoxious form; for it is not even delegation to an
official or an official body, presumptively disinterested, but to private
persons."
Carter vs. Carter Coal Co.]
MR. SUPINSKI - I don't know, I can refer you to our
legal department.
CALLER - Isn't the current money system a house of cards that must fall because,
the debt can mathematically never be paid-off?
MR. SUPINSKI - It appears that way. I can tell you have been looking into this
matter and are very knowledgeable. However, we do have a solution.
CALLER - What is the solution?
MR. SUPINSKI - The Debit Card.
CALLER - Do you mean under the E.F.T. Act (Electronic Funds Transfer)?
Isn't that very frightening, when one considers the capabilities of computers?
It would provide the government and all it's agencies, including the Federal
Reserve such information as: You went to the gas station @
2:30 and bought $10.00 of unleaded gas @ $1.41 per gallon and then you went to
the grocery store @ 2:58 and bought bread, lunch meat and milk for $12.32 and
then went to the drug store @ 3:30 and bought cold medicine for $5.62.
In other words, they would know where we go, when we went, how much we paid, how
much the merchant paid and how much profit he made. Under the E.F.T. they will
literally know everything about us. Isn't that kind of scary?
MR. SUPINSKI - Yes, it makes you wonder.
CALLER - I smell a GIANT RAT that has overthrown my constitution.
Aren't we paying tribute in the form of income taxes to a consortium of private
bankers?
MR. SUPINSKI - I can't call it tribute, it is interest.
CALLER - Haven't all elected officials taken an oath of office to preserve and
defend the Constitution from enemies both foreign and domestic?
Isn't the Federal Reserve a domestic enemy?
MR. SUPINSKI - I can't say that.
CALLER - Our elected officials and members of the Federal Reserve are guilty of
aiding and abetting the overthrowing of my Constitution and that is treason.
Isn't the punishment of treason death?
MR. SUPINSKI - I believe so.
CALLER - Thank you for your time and information and if I may say so, I think
you should take the necessary steps to protect you and your family and withdraw
your money from the banks before the collapse, I am.
MR. SUPINSKI - It doesn't look good.
CALLER - May God have mercy on the souls who are behind this unconstitutional
and criminal act called the Federal Reserve. When the ALMIGHTY MASS awakens to
this giant hoax, they will not take it with a grain of salt. It has been a
pleasure talking to you and I thank you for your time. I hope you will take my
advice before it does collapse.
MR. SUPINSKI - Unfortunately, it does not look good.
CALLER - Have a good day and thanks for your time.
MR. SUPINSKI - Thanks for calling.
If the reader has any doubts to the validity of this conversation, call your
nearest Federal Reserve Bank, YOU KNOW THE QUESTIONS TO ASK! You won't find them
listed under the Federal Government. They are in the white pages, along with
Federal Express, Federal Deposit Insurance Corp. (FDIC), and any other business.
Find out for yourself if all this is true. And then, go to your local law
library and look up the case of Lewis vs. U.S., case #80-5905, 9th Circuit, June
24, 1982. It reads in part: "Examining the organization and function of the
Federal Reserve Banks and applying the relevant factors, we conclude that the
federal reserve are NOT federal instrumentalities . . . but are independent and
privately owned and controlled corporations . . . federal reserve banks are
listed neither as `wholly owned' government corporations [under 31 U.S.C.
Section 846] nor as 'mixed ownership' corporations [under 31 U.S.C. Section 856]
. . .
28 U.S.C. Sections 1346(b), 2671. `Federal agency' is defined as: the executive
departments, the military departments, independent establishments of the United
States, and corporations acting primarily as instrumentalities of the United
States, but does not include any contractors with the United States . . .
There are no sharp criteria for determining whether an entity is a federal
agency within the meaning of the Act, but the critical factor is the existence
of the federal government control over the `detailed physical performance' and
`day to day operations' of that entity. Other factors courts have considered
include whether the entity is an independent corporation . . . whether the
government is involved in the entity's finances, . . . and whether the mission
of the entity furthers the policy of the United States . . . Examining the
organization and function of the Federal Reserve Banks, and applying the
relevant factors, we conclude that the Reserve Banks are not federal
instrumentalities . . .
It is evident from the legislative history of the Federal Reserve Act that
Congress did not intend to give the federal government direction over the daily
operation of the Reserve Banks . . .
The fact that the Federal Reserve Board regulates the Reserve Banks does not
make them federal agencies under the Act . . . Unlike typical federal agencies,
each bank is empowered to hire and fire employees at will.
Bank employees do not participate in the Civil Service Retirement System.
They are covered by worker's compensation insurance, purchased by the Bank,
rather than the Federal Employees Compensation Act. Employees traveling on Bank
business are not subject to federal travel regulations and do not receive
government employee discounts on lodging and services . . .
Finally, the Banks are empowered to sue and be sued in their own name.
12 U.S.C. Section 341. They carry their own liability insurance and typically
process and handle their own claims . . ."
According to the Federal Reserve Bank of Philadelphia, "When the Federal Reserve
was created, its stock was sold to the member banks." ("The Hats The Federal
Reserve Wears", published by the Federal Reserve Bank of Philadelphia)
The original Stock-holders of the Federal Reserve Banks in 1913 were the
Rockefeller's, J.P. Morgan, Rothschild's, Lazard Freres, Schoellkopf, Kuhn-Loeb,
Warburgs, Lehman Brothers and Goldman Sachs.
The MONEY-CHANGERS wanted to be insured they had a monopoly over our money
supply, so Congress passed into law Title 12, Section 284 of the United States
Code. Section 284 specifically states, "NO STOCK ALLOWED TO THE U.S."
* Monopoly - "A privilege or peculiar advantage vested in one or more persons or
companies, consisting in the exclusive right (or power) to carry on a particular
business or trade, manufacture a particular article, or control the sale of the
whole supply of a particular commodity, A form of market structure in which only
a few firms dominate the total sales of a product or service.
`Monopoly', as prohibited by Section 2 of the Sherman Antitrust Act, has two
elements: possession of a monopoly power in relevant market and willful
acquisition or maintenance of that power, as distinguished from growth or
development as a consequence of a superior power, business acumen, or historical
product. A monopoly condemned by the Sherman Act is the power to fix prices, or
exclude competition, coupled with policies designed to use and preserve that
power." (Black's Law Dictionary, 6th Edition)
The Federal Reserve Act goes one step farther, "No Senator or Representative in
Congress shall be a member of the Federal Reserve Board or an officer or
director of a Federal Reserve Bank." They didn't want We The People to have any
say in the operation of their monopoly through our elected officials.
What can you do about it? Contact your congressman
and senators to protest and demand hearings to investigate the
unconstitutionality of the Federal Reserve Act. You can find their name,
address, email address, phone number or fax number at
http://thomas.loc.gov/ . But
most of all, remove your support for the Federal Reserve System by using the
statutes to remove your collateral from the system. Remove your assets
from their control, remove your Strawman Corporation from their control.
The world gets crazier and crazier everyday, doesn't it? The world that many
of us thought was there, isn't. The bottom has dropped out of everything. The
illusions have been revealed, we have found out who has been pulling the strings
behind the scenes. Millions have lost their jobs, have mortgage
problems, credit card issues, credit
repair problems and
foreclosure. What can be
done? Amazingly, we have been mislead. We have been taught that we can control
government by voting. The founder of the Rothschild dynasty, Mayer Amschel
Bauer, told the secret of controlling the government of a nation over 200 years
ago. He said, "Permit
me to issue and control the money of a nation and I care not who makes its
laws." Get
the picture? Your freedom hinges first on the nation's banks and money system.
It's all about 'commerce'. Freedom is connected with Debt Elimination for
each individual.Is
your credit rating bad for reasons that seem out of your control? There are
ways of credit repair,
so you can men those broken fences too. Do you want to keep your children protected
from outside forces, there are ways of protecting
your children. Do you want
to keep your sons and daughters free from 'the draft'? Check this out.
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