On the Scam of The Federal Reserve System
excerpted from Jeffrey Thomas Maehr, petitioner before the U.S. Supreme Court
ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE THE POWER TO COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF. IN 1935 THE SUPREME COURT RULED THAT CONGRESS CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO ANOTHER GROUP. Case Information, A. L. A. Schechter Poultry Corp. v. United States, No. 854, "Congress is not permitted by the Constitution to abdicate, or to transfer to others, the essential legislative functions with which it is vested. Art. I, 1; Art. I, 8, par. 18. Panama Reﬁning Co. v. Ryan, 293 U.S. 388. P. 529 ." The printing of Federal Reserve Notes, legally not lawful money, has been in the hands of the Federal private Reserve since 1913. "The Federal Reserve Banks are privately owned, locally controlled corporations" --[Lewis vs. U.S., 680 F.2d 1239, 1241](1982) Black's Law Dictionary deﬁnes the 'Federal Reserve System' as: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves."
Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank's nine member board of directors." THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. (Just look in the phone book under government agencies and you will NOT ﬁnd the Federal Reserve there. Look, however, in the white pages, and you will ﬁnd it listed as a business, a private corporation.) The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison. The FED banking system collects billions of dollars in interest annually and distributes the proﬁts to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The process goes like this: The government wants to borrow money so it can spend it on the countless unconstitutional programs it creates. It requests the money from the FED, which authorizes the printing of the said amount. The treasury prints the money from nothing, each bill costing the Federal Reserve private system 2.6 cents each, whether a $1 or a $100 bill, and "loans" it back to us through banks, and charges interest on this created from nothing currency. The FED also buys Government debt with money printed on a printing press, and charges U.S. taxpayers interest on all this spending. Many Congressmen and Presidents say this is fraud .
In other words, this is ﬁnancial fraud of immense proportions where "money" is counterfeited, then given to us as lawful money which we are asked to pay our debt with... on top of which we are also charged interest, adding every minute to the national debt, and wealth into the pockets of wealthy bankers and families... all through constructive fraud. (1) "The Federal Reserve Bank,"by H.S. Kenan, published by The Noontide Press (2) National Committee to Repeal the Federal Reserve Act, P.O. Box 156, Westmont, IL 60559 (3) "The New World Order, Saving America,"P.O. Box 1205, Middleburg, FL 32050-1205 (4) "The Most Secret Science,"Betsy Ross Press, P.O. Box 986, Ft. Collins, CO 80522 (Book) States attempt to abolish the FED. (5) $16 trillion in government and private debt, much of which the FED printed and collected interest on (6) "En Route to Global Occupation" by Gary H. Kah (7) "Repeal the Federal Reserve Banks" by Rev. Casimir Frank Gierut. On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, conspiracy, fraud, unlawful conversion, and treason. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has yet to be acted on. Excerpt of speech:
"Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. " "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it." The following Executive order was signed by President Kennedy shortly before his assassination, and has never been rescinded and still stands. This abolished the Federal Reserve and provided for 4.3 billion in silverbacked treasury notes which was printed. Order 11110 gave the U.S. the ability to create its own money backed by silver, and would have prevented the national debt we now have and which enriches bankers and wealthy families. Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inﬂated currency or Bank bankruptcy. Government possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by Taxation and otherwise need not and should not borrow capital at interest as a means of ﬁnancing Governmental
work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. (This writing continues, can be found on the web.)