Explained by Stewart Rhodes
Founder of the Constitional group
Oath Keepers
What other Patriots have said about Central Banks:
"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 will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered. ... I believe that banking institutions are more dangerous to our liberties than standing armies. ... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -- Thomas Jefferson (April 13, 1743 – July 4, 1826), 3rd president of US (March 4, 1801 – March 4, 1809) NOTE: The "Federal Reserve" is a private bank that issues our currency.
"The bank, Mr. Van Buren, is trying to kill me, but I will kill it." -- Andrew Jackson (March 15, 1767 - June 8, 1845), 7th President of the US (1829 - 1837) Spoken to Martin Van Buren on 8 July 1832, and quoted in The Autobiography of Martin Van Buren, published in Annual Report of the American Historical Association for the Year 1918, vol. II (1920), ed. John Clement Fitzpatrick, ch. XLIII (p. 625)
"It is maintained by some that the bank is a means of executing the constitutional power 'to coin money and regulate the value thereof." Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional." -- Andrew Jackson in his 10 July 1832 Veto Message to Congress regarding the Bank of the United States.
"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal [bringing his fist down on the table], I will rout you out! -- Andrew Jackson (1834) to the Central Bankers. Taken from the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson, February 1834, according to Stan V. Henkels, Andrew Jackson and the Bank of the United States, 1928 (Then on January 30, 1835 there was an assassination attempt made on Jackson by Richard Lawrence. Both of Lawrence's one shot pistols misfired. Jackson had to be held back from beating Lawrence with his cane. Davy Crockett and other restrained and disarmed Lawrence. This was the first assassination attempt of a U.S. President in history. Could the bankers have had anything to do with this attempt?!)
"The bold effort the present bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.” -- Andrew Jackson, 1836. With these words to Congress Jackson closed the Second Bank of the United States (est. 1816). (On his deathbed, it's said that when asked what his greatest achievement, Jackson replied, "I killed the Bank.")
"By making money artificially scarce interest rates throughout the country can be arbitrarily raised and the bank tax on all business and cost of living increased for the profit of the banks owning these regional central banks, and without the slightest benefit to the people. These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency, and all public revenues of the United States." -- Alfred Owen Crozier (1863-1939), testimony to the Senate Committee on Banking and Currency (23 October 1913). Crozier was a prominent attorney in Grand Rapids, Cincinnati, and New York who wrote eight books on legal and monetary problems, focussing on his opposition to the supplanting of Constitutional money by the corporation currency printed by private firms for their profit.
"The powers vested in the Federal Reserve Board seem to me highly dangerous especially when there is political control of the Board. I should be sorry to hold stock in a bank subject to such dominations. The [Federal Reserve] bill as it stands seems to me to open the way to a vast inflation of the currency. ... I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency." -- Senator Henry Cabot Lodge Sr. (May 12, 1850 - November 9, 1924), 1913
"This Act establishes the most gigantic trust on earth. ... When the President [Wilson] signs this Act, the invisible government by the Money Power, proven to exist by the Money Trust Investigation, will be legalized.…The money power overawes the legislative and executive forces of the Nation and of the States. I have seen these forces exerted during the different stages of this bill. ... The new law will create inflation whenever the trusts want inflation. It may not do so immediately, but the trusts want a period of inflation, because all the stocks they hold have gone down. ... Now, if the trusts can get another period of inflation, they figure they can unload the stocks on the people at high prices during the excitement and then bring on a panic and but them back at low prices. ... The people may not know it immediately, but the day of reckoning is only a few years removed." -- Congressman Charles August Lindbergh (January 20, 1859 – May 24, 1924) referring to the act which established the Federal Reserve. Lindbergh stated this just 16 years prior to the stock market crash in 1929 which ushered in the Great Depression. (Congressional Record, Vol. 51, p. 1446. December 22, 1913)
"Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation." -- Congressman Charles Lindbergh (The Economic Pinch, 1921)
"The financial system has been turned over to the Federal Reserve Board. That Board as ministers 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" -- Congressman Charles Lindbergh Sr., 1923
"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Louis Thomas McFadden (July 25, 1876 – October 1, 1936), Chairman of the Committee on Banking and Currency (12 years) (Congressional Record 12595-12603, June 10, 1932)
"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, -- Congressman Louis T. McFadden
"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". --Congressman Louis T. McFadden, 1932
"The Federal Reserve bank buys government bonds without one penny ..." -- Congressman Wright Patman, Congressional Record, September 30, 1941
"I am convinced that the [Bretton Woods Agreements of July 1944] will enthrone a world dictatorship of private finance more complete and more terrible than any Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done - pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace. World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degradation and financial destruction. Therefore, as freedom loving Australians we should reject this infamous proposal." -- Labor Minister of Australia, Eddie Ward (7 March 1899 – 31 July 1963) gave this warning during the inception of the IMF and World Bank at the Mount Washington Hotel in Bretton Woods, New Hampshire.
"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." -- Seneor Barry Goldwater (January 2, 1909 - May 29, 1998)
From the mouths of the Central Bankers:
"Give me control of a nation's money and I care not who makes it's laws" -- Mayer Amschel [Bauer] Rothschild (23 February 1744 – 19 September 1812)
"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
"Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits." -- Sir Josiah Stamp, President of the Bank of England in the 1920's, the second richest man in Britain.
"Neither paper currency nor deposits have value as commodities, intrinsically, a 'dollar' bill is justa piece of paper. Deposits are merely book entries." — Modern Money Mechanics Workbook, Federal Reserve Bank of Chicago, 1975
"The Federal Reserve system pays the U.S. Treasury 020.60 per thousand notes -- a little over 2 cents each -- without regard to the face value of the note. Federal Reserve Notes, incidentally, are the only type of currency now produced for circulation. They are printed exclusively by the Treasury's Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau's full cost of production. Federal Reserve Notes are printed in 01, 02, 05, 10, 20, 50, and 100 dollar denominations only; notes of 500, 1000, 5000, and 10,000 denominations were last printed in 1945." -- Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve system
"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." — Robert H. Hamphill, Atlanta Federal Reserve Bank
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