U.S. History They Don’t Teach You In School

The corporations which create the paper money cannot be relied upon to keep the circulating medium uniform in amount. In times of prosperity when confidence is high, they are tempted by the prospect of gain, or by the influence of those who hope to profit by it to extend their issues of paper beyond the bounds of discretion and the reasonable demands of business.  It is liable to great and sudden fluctuations; thereby rendering property insecure and the wages of labor unsteady and uncertain.

These ebbs and flows in the currency and these indiscreet extensions of credit naturally engender a spirit of speculation injurious to the habits and character of the people. We have already seen its effects in the wild spirit of speculation in the public lands and various kinds of stock which, within the last year or two, seized upon such a multi- tude of our citizens and threatened to pervade all classes of society and to withdraw their attention from the sober pursuits of honest industry.

Recent events have proved that the paper money system of this country may be used as an engine to undermine your free institutions; and that those who desire to engross all power in the hands of the few and to govern by corruption or force are aware of its power and prepared to employ it.

But when the charter for the Bank of the United States was obtained from Congress, it perfected the schemes of the paper system and gave to its advocates the position they have struggled to obtain from the commencement of the Federal Government down to the present hour. The immense capital and peculiar privileges bestowed upon it enabled it to exercise despotic sway over the other banks in every part of the country. From its superior strength it could seriously injure, if not destroy, the business of any one of them which might incur its resentment; and it openly claimed for itself the power of regulating the currency throughout the United States. In other words, it asserted the power to make money plenty or scarce, at its pleasure, at any time, and in any quarter of the Union, by controlling the issues of other banks and permitting an expansion or compelling a general contraction of the circulating medium according to its own will.

The result of the ill-advised legislation which established this great monopoly was to concentrate the whole moneyed power of the Union, with its boundless means of corruption and its numerous dependents, under the direction and command of one acknowledged head; thus organizing this particular interest as one body and securing to it unity and concert of action throughout the United States and enabling it to bring forward, upon any occasion, its entire and undivided strength to support or defeat any measure of the Government. Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependence … would be more formidable and dangerous than a military power of the enemy.

The distress and sufferings inflicted on the people by the bank are some of the fruits of that system of policy which is continually striving to enlarge the authority of the Federal Government beyond the limits fixed by the Constitution. The powers enumerated in that instrument do not confer on Congress the right to establish such a corporation as the Bank of the United States. The men who profit by the abuses and desire to perpetuate them will continue to besiege the halls of legislation in the General Government as well as in the States and will seek, by every artifice, to mislead and deceive the public servants.

The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”

                      –U.S. President Andrew Jackson


The last man to pay off and retire the National Debt (today over 20 Trillion dollars)


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  1. Photobucket

                      Ben Franklin



  2.      Alan Grayson .vs. The Federal Reserve

  3. answers from the past.  Thanks for this.  

    • Joy B. on October 22, 2009 at 18:17

    …that’s not taught in schools. One of my faves pertains to Oklahoma history, which because Oklahoma was Indian Territory and involves not just the Trail of Tears, smallpox-infected blankets, a whole lot of people who cheated on the land rush, a whole ‘hidden’ episode in a two-state civil war neither the feds nor the rebs participated in, etc., is fascinating. They euphemistically called it “The Greenwood Riot”.

    The Greenwood district of Tulsa was known as ‘the black Wall Street’ and putting it down – can’t have the ex-slaves playing the game with panache! – was a large concern of the ruling elite in the engineered boom years between establishment of the Fed in ’13 and the crash of ’29 (then deliberate extension of Depression for a decade). It was completely erased from history for most of the 20th century, but then in the early 1980s remaining survivors came forward, the community established a historical center and annual festival honoring the victims (who were bulldozed into a mass grave almost immediately paved over to become the Sears parking lot on Memorial Drive), and finally erecting a monument with names.

  4. “Give me control of a nation’s money and I care not who makes her laws.” – Mayer Amschel Rothschild”

    “I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the Country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war ”

     – Abraham Lincoln letter to William Elkin just after the passage of the National Banking Act of 1863 .

    A great industrial Nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation 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 world – no longer a Government of free opinion, no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men”.

       -Woodrow Wilson (who gave the final signing for the 1913 FedRes act)

    “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”

       -James Paul Warburg, son of Paul Moritz Warburg, nephew of Felix Warburg and of Jacob Schiff, both of Kuhn, Loeb & Co. which poured millions into the Russian Revolution through James’ brother Max, banker to the German government, Chairman of the CFR (Kuhn and Loeb was the Rothschild’s first foothold in the US and Jacob Schiff was raised in the Frankfurt Rothschild house.

    “The bold effort the present bank had made to control the Government, the distress it had wantonly produced … are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it.”

       – Andrew Jackson, referring to the Second Bank of the United States, pre-cursor to today’s Federal Reserve Fraud

    (A central bank) is “a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country.”

       – Andrew Jackson

    “Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States” — Sen. Barry Goldwater (Rep. AR)

    “This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson} signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.” —

       Charles A. Lindbergh, Sr. , 1913

    “The Federal Reserve bank buys government bonds without one penny…” — Congressman

       Wright Patman, Congressional Record, Sept 30, 1941

    “We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it”. — Congressman Louis T. McFadden in 1932 (Rep. Pa)

    “Some people think the Federal Reserve Banks are the United States government’s institutions.They are not government institutions. They are private credit monopolies which prey upon the peopleof the United States for the benefit of themselves and their foreign swindlers” — Congressional Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

    “These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency…” — Mr. Crozier of Cincinnati, before Senate Banking and Currency Committee – 1913

    “The [Federal Reserve Act] as it stands seems to me to open the way to a vast inflation of the currency… I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.” — Henry Cabot Lodge Sr., 1913

       From the Federal Reserves Own Admissions :

    “When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money.” — Putting it simply, Boston Federal Reserve Bank

    “Neither paper currency nor deposits have value as commodities, intrinsically, a ‘dollar’ bill is just a piece of paper. Deposits are merely book entries.” — Modern Money Mechanics Workbook,

       Federal Reserve Bank of Chicago, 1975

    “The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes –a little over 2 cents each– without regard to the face value of the note. Federal Reserve Notes, incidently, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury’s Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau’s full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945.” –Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system

    “We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system…. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our prese civilization may collapse unless it becomes widely understood and the defects remedied very soon.”

       –Robert H. Hamphill, Atlanta Federal Reserve Bank

    “To expose a 15 Trillion dollar rip-off of the American people by the stockholders of the 1000 largest corporations over the last 100 years will be a tall order of business.” — Buckminster Fuller

    “It is well that the 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

    “Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits”.- SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain)

       “The modern Banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and unmint the modern ledger-entry currency”.- MAJOR L .L. B. ANGUS

    “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it’s issuance”. — James Madison

  5. in full circle. Most of those quotes could have easily been written today and work just as well. Kinda’ weird, but not really. Wealth is allowed to spread and accrue for a few decades and then is contracted and skimmed off the top, and then rinse and repeat. The economy is controlled by puppetmasters (ours and the worlds). At least that’s how I see it.  

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