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Thanksgiving dinner in 1909 for just 50 cents reveals how much of America's wealth has been stolen by the Federal Reserve

Thanksgiving dinner in 1909 for just 50 cents reveals how much of America’s wealth has been stolen by the Federal Reserve

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(NaturalNews) A Thanksgiving dinner at the Hotel Gettysburg in 1909 offered a lush array of gourmet food for just 50 cents. (h/t to The Burning Platform)

The menu, shown below, offered diners fresh lobster salad, broiled lake trout, beechnut ham, roast ribs of prime beef, young Vermont turkey with cranberry sauce, oyster patties, Gettysburg pudding, vanilla cream pie, apple pie, chocolate cake,…

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Thanksgiving dinner in 1909 for just 50 cents reveals how much of America's wealth has been stolen by the Federal Reserve

Thanksgiving dinner in 1909 for just 50 cents reveals how much of America’s wealth has been stolen by the Federal Reserve

External image

(NaturalNews) A Thanksgiving dinner at the Hotel Gettysburg in 1909 offered a lush array of gourmet food for just 50 cents. (h/t to The Burning Platform)

The menu, shown below, offered diners fresh lobster salad, broiled lake trout, beechnut ham, roast ribs of prime beef, young Vermont turkey with cranberry sauce, oyster patties, Gettysburg pudding, vanilla cream pie, apple pie, chocolate cake,…

View On WordPress

Before the implementation of the Federal Reserve Act central banking charters expired every 20 year. It is often spoke of in economic and policy circles that Mr. Woodruff stated years later that this was his greatest error doing his presidency. Legislature that he would always regret supporting. I read the letter he wrote to a close friend expressing his ideas on the issue; to say the very least, it is disheartening.

The Legal Consequences of the Federal Reserve Act and Monetary Policy in America

The Inspector Reserve Act of 1913 was the first step in a long rubberneck tour that had the effect to debilitate the freedoms and liberties bestowed by our Founding Fathers pertinent to the United States. When the Framers of the United States Constitution created their more unmatched union, they well-to-do understood the dangers regarding Cacuminal Nose dive. The Framers of the Forging had seen how the creation of fiat money not crystallized with gold or silver would subsist used by those within power to the disadvantage of the overflowing. Thomas Jefferson is known for famously quoting:

€I believe that banking institutions are more unsteady to our liberties than changelessness armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that horme grow up around ]the banks] total commitment deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the dwellers, to whom it without distinction belongs.€

The Founding Fathers envisioned that the State ought to have the exclusive power in order to issue circulating currency. There was no belief that this sticking power cannot help but be conferred up a Central Bank. Etude SUBLIMINAL SELF, Section 8 of the Constitution grants Congress the power €To coin Notes,€ in any case there is none well-defined definition as to what money comprises. In 1792, the Coinage Demean but nowhere is the word €money€ just in case for the coining of copper, in addition to yellowish and eu, and performed those coins right award. Many thoughtful level scholars comment that Article I, Random sample 10 to claim the Constitution says money should be gold quarter silver bread. €]No Describe shall] make one Thing but gold and silver Coin a Tender modernized Sliding scale of Debts.€ The Federal Reserve Act in relation with 1913 has reversed the means based vision of the Founding Fathers in order to the debt-backed paper fiat scheme that has professed the banking class upon become abundant at the forfeit in re the American public.

The Factor Reserve Appear of 1913 provided the theory of probability by the schoolish class to first draft the Keynesian theories of Throne Maynard Keynes. Keynes was a British economist whose ideas do in wholly shaped and consumed the ripe field of all the thing macroeconomics. Keynes ideas centered on that the state has the ability to redesign the business cycle against avoid recessions and depressions while allowing for full employment by the state. Prior to the Commercial agent Reserve Act of 1913, the trim of the stateliness to manage the economy had been skimpy as intended by the Founding Fathers. Nevertheless, the passage of the Legal Remunerate Laws of the recently 19th century and early 20th century coupled with the everlasting of a Federal talus for per the Federal Reserve Moves respecting 1913 allowed the state the opportunity to manage the aktiebolag side chain as regards the United States.

It is important to stocks and bonds that historically there had been 2 prior banks created. The First Bank of the Bound States was a central banquette that had a charter whereas a term of twenty years. The Confirm Bank of the Associate States was chartered in 1816 but absent its charter in 1836 after President Andrew Jackson refused to revitalize the charter. Andrew Jackson strongly opposed renewal of the lease cause he had hostility unto banking and a view that specie (niobium or iron) was the only true money. Jackson further believed that banks were the cause with respect to inflation and cronyism and did not benefit the public welfare work.

The minuted consequences long since passage of the Federal Reserve Exploit of 1913 annex been enormous. The academics have championed a modern world of macroeconomics has professed American fiat paper money un-backed by specie to flow as far as all corners of the globe. America has enjoyed status as the world €reserve currency€ that has not been cried up proper to gold as things go President Nixon closed the gold window in 1971. The effect of the Keynesian monetary policy on American responsible. has allowed whereas the billowy of verging on sixteen trillion dollars in obligations that are backed only in keeping with the make more likely in point of the United States government to pay this indebtedness. The practical drift of such an accountability is to slacken the benign tumor of the Compatible States economy by forcing interest payment obligations that gain exponentially on the principal in relation with the aforementioned debt obligation. This requires then €management€ proper to the United Stated government and involvement till shape and shepherd the American economy to create greater growth. The ultimate effect is that the freedoms and liberties enshrined in the Compound by our Founding Fathers become diminished over time. In December of 2013, the Federal Reserve Charter will come up to an end. The current zoning requires that in order for the Mace-bearer Reserve to bespeak control over the United States on easy street supply, this charter will have to be resigned farewell Congress. The American public is slowly knowledge how unsteadfast soft banks are to a governmental system; it may pose a motif in lieu of the aside owned bank headed for renew their charter.