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The Federal Reserve is not a government agency. It is a private central bank that was created to make money for the international banking elite.
The system is designed to produce debt faster than it produces money, making it impossible to pay off the national debt. It operates outside of congressional control and its accounts have never been audited.
“Our entire system is designed to funnel wealth to those at the very top of the pyramid at the expense of everyone else,” Michael Snyder writes.
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21 Quotes About Central Banking That Show Why The Federal Reserve Must Be Shut Down
By Michael Snyder, 26 December 2024
We have come to accept that we are permanently trapped in an endless cycle of debt and money creation. But the only reason why debt and money grow at an exponential rate is because that is what our system was designed to do. The Federal Reserve and other central banks around the globe were created with a purpose. The goal was to get humanity into as much debt as possible, and those holding that debt just keep getting wealthier and wealthier. Unfortunately, we have been trained to not even question this deeply insidious arrangement.
Over the past several decades, our money supply has been growing at a pace that we have never seen before. And once the pandemic hit, the growth of the money supply went into overdrive.
This is why the cost of living is so oppressive today. There is simply way too much money floating around.
Over the past several decades, our national debt has also been growing at an exponential rate.
The system is designed to produce debt faster than it produces money. That is why it will never be possible for us to pay off the national debt.
Sadly, most Americans don’t even understand what the Federal Reserve is.
One thing that the Federal Reserve is NOT is a government agency. In fact, it is about as “federal” as Federal Express. It is a private central bank designed to make money for the people who created it. In fact, the Federal Reserve was the culmination of an effort by the international banking elite to force a permanent private central bank on the American people that began all the way back during the days of our Founding Fathers.
But don’t just take my word for it. The following are 21 quotes about central banking from past presidents, congressmen and other notable historical figures.
#1 John Adams, the second president of the United States: “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honour or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.”
#2 James Madison: “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 its issuance.”
#3 Thomas Jefferson: “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs.”
#4 Abraham Lincoln: “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy and more selfish than bureaucracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”
#5 James A. Garfield: “Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
#6 Woodrow Wilson: “A great industrial nation is controlled by its system of credit. Our system of credit is concentrated 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.”
#7 Mayer Amschel Bauer Rothschild: “Give me control of a nation’s money and I care not who makes its laws”
#8 Horace Greeley: “While boasting of our noble deeds were careful to conceal the ugly fact that by an iniquitous money system, we have nationalised a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.”
#9 Sir Josiah Stamp, the former President of the Bank of England: “Bankers own the Earth. Take it away from them but leave them the power to create money and control credit and with a flick of a pen they will create enough to buy it back.”
#10 Rothschild Brothers of London, 1863: “The few who understand the system, will either be so interested from its profits or so dependent on its favours, that there will be no opposition from that class.”
#11 Charles A. Lindbergh Sr. in 1913: “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 legalised … the worst legislative crime of the ages is perpetrated by this banking and currency bill.”
#12 Charles A. Lindbergh Sr. in 1923: “The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.”
#13 Congressman Louis T. McFadden: “The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers.”
#14 Congressman Louis T. McFadden in 1932 just before FDR began his first term: “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.”
#15 Franklin Delano Roosevelt: “The real truth of the matter is, as you and I know, that a financial element in the large centres has owned the government of the US since the days of Andrew Jackson.”
#16 Eustace Mullins: “As soon as Mr. Roosevelt took office, the Federal Reserve began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new [chequebook] currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.”
#17 Congressman Wright Patman, Congressional Record, 30 September 1941: “The Federal Reserve bank buys government bonds without one penny …”
#18 Senator Barry Goldwater: “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.”
#19 Henry Ford: 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.”
#20 Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982: “The regional Federal Reserve banks are not government agencies … but are independent, privately owned and locally controlled corporations.”
#21 Boston Federal Reserve Bank: “When you or I write a cheque there must be sufficient funds in our account to cover the cheque, but when the Federal Reserve writes a cheque there is no bank deposit on which that cheque is drawn. When the Federal Reserve writes a cheque, it is creating money.”
Why isn’t this one of the biggest political issues in the country today?
The Federal Reserve is at the centre of a controversy over central banking that has been around since the very beginning of the United States. Unfortunately, the Federal Reserve system is so incredibly complex and the American people have been so “dumbed down” that the vast majority of the population literally has no idea how our system really works. If we do nothing, things will continue to get even worse for ordinary Americans.
In 2001, 17 million people were on food stamps. Today, more than 42 million people are on food stamps:
Food stamp enrollment has increased significantly in recent decades.
In fiscal year 2023, 42.1 million Americans received food stamps. This is 2.4 times the 17.3 million who were enrolled in FY 2001.
As the number of people receiving food stamp benefits has increased, the percentage of the US population enrolled has also increased.
In fiscal year 2023, 12.6 per cent of the total US population received food stamp benefits. This is more than double the 6.1 per cent in FY 2001.
The Percentage of Americans on Food Stamps has Doubled Since 2001, Economic Policy Innovation Centre, 16 May 2024
One out of every four children in America now gets assistance from food stamps each month. In fact, it is projected that half of all US kids will be on food stamps at some point in their lives.
Our entire system is designed to funnel wealth to those at the very top of the pyramid at the expense of everyone else.
I have been writing about the evils of the Federal Reserve system for more than a decade, but sometimes it feels like I am banging my head into a wall. What will it take for the American people to finally wake up?
About the Author
Michael Snyder’s new book entitled ‘Why‘ is available in paperback and for the Kindle on Amazon. He has also written eight other books that are available on Amazon including ‘Chaos‘, ‘End Times‘, ‘7 Year Apocalypse‘, ‘Lost Prophecies Of The Future Of America‘, ‘The Beginning Of The End‘, and ‘Living A Life That Really Matters‘. When you purchase any of Michael’s books you help to support the work that he is doing.
You can also get his articles by email as soon as he publishes them by subscribing to his Substack newsletter. Snyder has published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News.
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Hi Rhoda,
This is a very interesting article, same fraud in UK.
In 1914 the UK had the Bradbury Pound, which was free of interest. So they soon got rid of it.
These pounds had the same value as gold.
The Bank of England is not owned by the country.
It’s shareholders are kept secret, they issue our Fiat money, and charge us interest .
So we are in the same fraud as the US.
Hi Dave Owen, the Federal Reserve is a privately owned bank. But, according to official records, the Bank of England (UK’s central bank) was nationalised in 1946 and since then has been owned by HM Treasury.
https://www.bankofengland.co.uk/about/governance-and-funding
I guess who truly pulls the strings at the Bank of England is something we should try to dig out. The BIS will be certainly be involved but, theoretically, the Bank of England is answerable to the British public (through the UK government) and not private shareholders.
So the question is: Is the Bank of England pulling the strings at the BIS or is the BIS pulling the strings at the Bank of England. I’ve seen no one who’s done an investigation in an attempt to answer that question. Have you seen anything on your internet travels?
Hi Rhoda,
Seems you are correct, the BOE is not private.
Explain this, the BOE has 5000 tons of gold, yet only worth 15m.
And now the City of London is not a foreign country, yet has red road markings, and it’s own Police force.
This is getting complicated !
Hi Dave Owen, the City of London is not part of the UK. It is geographically in London but it runs itself with its own government and police force – it has a special status and autonomy (this has been the case for a very long time, it is written in Magna Carta (1297) so it was established as such before then). The City is not a country, it is a separate legal/political jurisdiction within a country – just as Washington D.C. (not part of the USA) and the Vatican (not part of Italy) are.
From Magna Carta (1297):
“IX Liberties of London, &c.
THE City of London shall have all the old Liberties and Customs [which it hath been used to have]. Moreover We will and grant, that all other Cities, Boroughs, Towns, and the Barons of the Five Ports, and all other Ports, shall have all their Liberties and free Customs.”
Interestingly, from 1297 it seems all cities, boroughs, ports and towns in England were granted the same autonomy/status as the City of London but it seems they haven’t claimed it and allow a central government to dictate what happens in those jurisdictions.
The City of London, also known as “the Square Mile,” represents one of the financial districts in London where private financial companies are headquartered. While the Bank of England is located in the Square Mile it is owned by the UK government. The other financial institutions in the Square Mile are privately owned.
Hi Rhoda,
The Magna Carta was written in French.
I once had one of the copies at my house.
So how did you read all that information ?
Hi Dave Owen, French? I thought it was written in Latin … If you follow the link in my comment you will see it has been translated into English on the UK government website.
Here’s the link again 🙂 :
https://www.legislation.gov.uk/aep/Edw1cc1929/25/9
Hi Rhoda,
So the Magna carta had that many versions.
I was told the one I had was Norman French.
The rules were reduced from 61 to 3, in the latest version.
Notice that the foreign country, the City of London, had one of the 3 rules for them.
Well Rhoda, we have been lied to for hundreds of years, just pure propaganda.
https://www.historic-uk.com/HistoryUK/HistoryofEngland/The-Origins-of-the-Magna-Carta/
Hi Dave Owen, Magna Carta was initially written in Latin. However, to make it more accessible to the barons, it was translated into Anglo-Norman French, the language spoken by the ruling class, including King John and the nobility.
https://anglo-norman.net/a-look-at-magna-carta/
“The Federal Reserve is not a government agency. It is a private central bank that was created to make money for the international banking elite.”
They call it ‘sustainable development’, and it’s the crux of the new system, so long as they can force everyone onto the new currency (BRICS).
The private control also allows the currency creators, which is NOT our government, to create rules and laws regarding it, which is unconstitutional.
Rule of law, laws of commerce, you control what you create. They have to have currency creation under their control for their crooked system to remain ‘sustainable’.
Your acceptance has to be voluntary, which is why there is such effort to coerce/convince/censor people who don’t want it. It’s also why there is absolutely zero conversations about replacing the dollar: they have to have it under their system or they lose, so no discussions and digital is their sole focus.
We can and should create our own currency free from their control. Politicians pushing control-based currencies are acting against their people, and politicians acting against the people should be removed from office.
“#2 James Madison: “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 its issuance.””
~Rule of Law, Laws of Commerce
https://linktr.ee/theglobalfamilygroup_528hertz
Bravo to the Expose for distributing this information. I will distribute it to every one I know. We need to repeal the Federal Reserve Act of 1913.
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Hi Rhoda,
the BoE was only partially nationalized at that time as the Labour government did not have sufficient funds. When I researched this (quite a number of years ago), their share was only between 20-40 per cent according to a number of different sources. Now I do not seem to be able to get any information regarding the government share of the BoE.
Hi Icas, usually the word “nationalise” is used to mean wholly owned or majority owned by the government. So if it hasn’t been nationalised then its very devious of them to claim that it has been.
If you do find your source, I would be interested in taking a look at it.
Hi Icas, I’ve just seen this Freedom of Information Act request:
https://www.bankofengland.co.uk/freedom-of-information/2020/boe-shareholders-issued-government-stock-at-the-time-of-nationalisation-in-1946
It looks like the previous shareholders of the Bank of England were not paid in cash. It was a swop, shares for treasury stock. In 2015, the last remaining 3% of the treasury stock (outstanding in 2004) was repaid – meaning since 2015, the UK Government owns 100% of the Bank of England.
Hi Rhoda,
This is getting more complicated.
So it looks like the 5000 ton of gold belongs to the previous shareholders.
So we are guarding it for them at our expense.
Well done icas, I was nearly right.
Hi Dave Owen, I don’t know who owns the gold. Some of it will be UK gold reserves. The Bank of England also stores in its vaults gold that belongs to other countries (governments), central banks and privately owned financial institutions.
Read: https://www.zerohedge.com/markets/gold-gone-awol-curious-case-foreign-central-banks-gold-stored-canada
I can’t recall which country it is but some time ago I read an article that accused that for one country some of their gold had gone missing from the Bank of England – misappropriated not stolen. I can’t say how reliable that report was.
As the United Kingdom is a constitutional monarchy, then king Charles not only owns the BOE, but also the UK Government.
He owns everything-
This is why he is king!
Hi Islander, didn’t the English Civil War establish the dominance of Parliament in English politics?
In a constitutional monarchy, isn’t the monarch’s authority is limited by the constitution?
When I conduct a query, “UK Constitution Monarchy Limits,” an extract from the AI generated summary stated:
“The UK Parliament is supreme, and its legislation cannot be overridden by the monarch or any other authority. This principle ensures that the monarch’s powers are subject to parliamentary control. (Parliamentary Sovereignty)
“The monarch’s reserve powers, such as appointing and dismissing ministers, summoning and proroguing Parliament, and granting royal assent to bills, are exercised on the advice of ministers. This convention ensures that the monarch’s decisions are guided by the government and accountable to Parliament. (Royal Prerogative)
Many prerogative powers have been codified or restricted by statute, such as the Constitutional Reform and Governance Act 2010, which regulates the appointment of civil servants, and the Fixed-term Parliaments Act 2011, which limits the monarch’s power to dissolve Parliament. (Statutory Restrictions)”
https://consoc.org.uk/the-constitution-explained/the-monarchy/
Of course, everything AI generates shouldn’t be taken as absolute fact and needs to be checked. Of course there is also power that money brings, particularly if the UK monarchy is still high up in the Black Nobility structure. But, aside form this, is there a differing viewpoint to the UK’s constitutional monarchy?
Its hard to know exactly what the English civil war did achieve-regardless-Parliament is just a name-that is a name for nothing.
Who opens Parliament-none other than the one who owns it-the monarch! Its not just a “bells and whistles” ceremony as most think!!!
There’s so much bluff out there, codified by all the fine quotes you use, but what do they actually mean in the final analysis?
The Scriptures plainly assert that the god of this present age (2 Corinthians 4:4) is Satan the great deceiver. It is he that is orchestrating all this evil.
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Privately-owned central banks are Mother of all evils, and they own their respective governments. The Bank of International Settlements (BIS) own and control all central banks, and therefore is the de facto owner of the world. We must expose the banking families who own and control the central banks around the world and their crimes against humanity: Rothschild, Warburg, Rockefeller, Lazard, Schiff, Goldman Sachs, Lehman, Kuhn Loeb, Medic, Oppenheim, Seif, Baring, Barclay.
Please, watch “Money Masters.”
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