“I see in the near future a crisis approaching that unnerves me
and causes me to tremble for the safety of my country. Corpo-
rations have been enthroned, an era of corruption will follow,
and the money power of the country will endeavor to prolong
its reign by working on the prejudices of the people, until the
wealth is aggregated in a few hands, and the republic destroyed.”
By working on the prejudices of the people… This prophetic statement was made on November 21, 1864 by Abraham Lincoln who tried to back out of his banking blunders too late and backed into a bullet. Fast forward to 1913, Jekyll Island Georgia, where wealth [was] aggregated in a few hands and sits there still today. Paul Warburg was at this meeting and he was very soon placed on the board of the brand new Federal Reserve, a position for which he gave up an annual salary at the banking firm of Kuhn, Loeb, & Co. of $500,000 (over ten million dollars today) for the Fed’s paltry salary of $12,000. Suspicious? Yes it is; he was NOT a citizen of the United States but a recently imported German/Jewish banker who had no business in the highest echelons of our government – but the Federal Reserve Act was all about business.
Congressman Charles Lindbergh Sr. warned us about this when he said, in 1913, on the floor of the House just before this banking blunder was passed:
“This act establishes the most gigantic trust on earth. When the President signs this act the invisible government by the money power, proven to exist by the money trust investigation, will be legalized.”
There it is again, the money power. How does it work? Our befuddled government sells bonds to the bank. The bank gives them money which the government uses to conduct the business of the country. When those bonds mature, the bank cashes them in with interest. The money received by our government from the bank is printed out of thin air. This is fiat currency and it costs the bank nothing. The American tax payer foots the bill, including the accumulated interest.
How can the Feds be sure there will be enough tax dollars? Introduce an income tax. In 1895, the US Supreme Court ruled that an income tax was unconstitutional. That did not stop Nelson Aldrich from introducing a bill calling for an income tax less than twenty years later. Coincidentally, Aldrich was the same Senator who introduced the Federal Reserve bill. On a side note, Aldrich’s daughter married a Rockefeller; the Rockefellers, of course, owned plenty of shares in the new Federal Reserve Bank. This is surely just another coincidence.
Here is yet another coincidence: Karl Marx’s Communist Manifesto calls for a heavy progressive or graduated income tax and centralization of credit in the hands of the State by means of a national bank with state capital and an exclusive monopoly. Who has a monopoly on our money? The Federal Reserve Bank does, of course. Curiouser and curiouser, as they say.
Enough coincidences. Here is a fact: Our rough and tumble revolutionary ancestors went to war with the British Crown when tax rates reached a puny twenty-one percent. If one combines all of our modern-day taxes – and we are taxed on damn near everything – we are paying a hell of a lot more than twenty-one percent. Forget throwing the tea in the harbor. It is high time our elite Wall Street bankers and their in-pocket politicians got a little wet.