Restore the Republic

Money as a Tool to Control

July 4, 2004 | Economy, Federal Reserve

Few would know the name Beardsley Ruml. He was head of the New York Federal Reserve and prior to that he worked for the Department of the Treasury and in 1943 promoted the plan for withholding from wages.

Ruml’s logic to institute withholding was based on incomprehensible human nature; taking small amounts from our paycheck that seemed insignificant would make it more tolerable. For some illogical reason we are unable to add the cumulative effect that taxes have on our lives.

While head of the New York Fed in 1945 he made a speech, titled Taxes for Revenue are Obsolete, to members of the American Bar Association. In that speech Ruml stated the following:

“The necessity for a government to tax in order to maintain both its independence and its solvency is true for state and local governments, but it is not true for a national government. Two changes of the greatest consequence have occurred in the last twenty-five years which have substantially altered the position of the national state with respect to the financing of its current requirements.

The first of these changes is the gaining of vast new experience in the management of central banks.

The second change is the elimination, for domestic purposes, of the convertibility of the currency into gold.

Final freedom from the domestic money market exists for every sovereign national state where there exists an institution which functions in the manner of a modern central bank, and whose currency is not convertible into gold or into some other commodity.”

Arguments as to whether or not Ruml knew of what he was speaking are pointless. He was a Washington insider and had extensive knowledge of our monetary system. Most people do not understand how our financial system works and those who do are part of the problem to suppress the truth and gain favor within its workings.

“The few who understand the system, will either be so interested from it’s profits or so dependant on it’s favors, that there will be no opposition from that class.” — Rothschild Brothers of London, 1863

Money is a great and powerful tool that controls our lives and the decisions that our representatives make on our behalf. Members of congress no longer represent the best interests of the people but rather serve the agenda of the moneylenders.

Do we need to pay an income tax? Well according to Mr. Ruml the answer is no and it is a simple equation to follow. It is not an equation steeped in theory and embellished by economic professors who have contempt for both logic and economic independence.

Adding theory to economics is the first step to making the monetary system incomprehensible to most people. It serves a number of purposes; first, it puts those who preach the idea a notch above others and lends a certain power to the educator. You have the first step in the corruption of that person.

Second, you have taught a fallacy to the many and the few who understand the reality can never make the valid point over the power of the lie. It is a simple philosophy of politics to repeat the lie until it becomes the truth and no amount of reason can change the mind of the masses even to their own demise.

Third, and more to Ruml’s rational and Rothschild’s thinking you can create a tremendous amount of wealth off the backs of the populace for the benefit of those who understand the system.

The government of the United States is empowered by the people “To coin Money,” and “regulate the Value thereof…” It is not empowered to give such authority to private institutions such as the Federal Reserve Bank. “The regional Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations.” — Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

Too many Americans believe that there is some benefit derived from the money they turn over each and every paycheck. The current system was devised by the wealthy for the benefit of the wealthy; “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” — Charles A. Lindbergh Sr., 1923

Why is it necessary to have the Federal Reserve Bank in the middle of minting and circulating the currency? The government prints the money, which is backed by nothing more than the ability to tax the American people and paid back to private individuals, with interest. According to the Board of Governors of the Federal Reserve and the U.S. Mint the government sells the printed money, at cost about 28 cents on a note, to the Fed and then they circulate it to us as a loan at full face value with interest attached. It is the biggest scam in the world and we sit back and live under its oppressive weight.

“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.” –Senator Barry Goldwater

I am certain that after reading this most will simply ignore its reason and go about their merry way comforted by the fact that their government and educators have given them the truth of the matter. No amount of reason or logic will defer their opinions or their self-righteous posturing over the good of the masses. It is this specific level of ignorance that our government and the money cartel counts on.

Let’s just say that we eliminate the middleman, the Federal Reserve. What is the first effect of such a bold stroke? According the House Banking and Currency Committee, every Federal Reserve Note represents a note of debt.

Applying a little logic to what the committee tells us then we can deduce that the elimination of the Federal Reserve will save us a tremendous amount of debt because as it stands now the U.S. Government admits to over seven trillion dollars in debt. Some economists believe it to be at least five times that number. But lets look a little beyond that to the private sector debt and recognize that number as part of the problem, that number is somewhere in the area of ten trillion dollars. You and I owe that money to the banking cartel along with governments debt; after all we are the people.

Some have suggested that with such numbers we would hyper-inflate and the dollar would level at its true value. What would be its true value? It certainly would not be ninety cents; it may very well be as low as just a couple of pennies.

How would we base the value after having inflated it for more than seventy years? Should we base it on gold? We are no longer on the gold standard and if we were to return, the value of gold would have to reach about ten thousand dollar an ounce in order to stabilize the currency and maintain the value of the goods we currently use and own.

If we were not to employ gold as a means of backing the currency then how would we maintain any value? Do we return to the barter system? If that were that case then most of America would be flat broke, as it truly is today. We have painted ourselves into a corner and our only way out seems to be a massive depression from which we must rebuild.

If government continues to spend and we continue to borrow, just to maintain the viability of business and the need to survive then our monetary system will surely bring us to that depression.

Some learned long ago that we live by a counterfeit money system and have prepared themselves for the inevitable. Most of us go about our way buying homes well beyond the true value of the shelter, while businesses around the world are forced to borrow money just to maintain viability.

Governments spend while selling it as a need for the benefit of the people. Billions of dollars a year go unaccounted for and we continue to fit the bill, a bill that must surely come due to either our generation or that of our children.

You do not pay taxes to support the government. You pay taxes as a form of indenture to the families of the international money cartel from a pact forged by men like Wilson and FDR.

‘Nick’

  1. 1 Trackback(s)

  2. Apr 8, 2016: Restore The Republic

You must be logged in to post a comment.