Page 19 - Federal Reserve System Fraud

Act establishes the most gigantic trust on Earth. When the President [Wilson]
signs this bill, the invisible government of the Monetary Power will be
legalized... the worst legislative crime of the ages, perpetuated by this banking
and currency bill." (Reference 5, P. 33)
Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta): "We
are completely dependent 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. When one gets a complete grasp of the
picture, the tragic absurdity of our hopeless position is almost incredible, but
there it is. It [the banking problem] 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
are remedied very soon." (Reference 1, P. 247)
Napoleon, a sympathizer for the international bankers, turned against them in
the last years of his rule. He said: "When a government is dependent upon
bankers for money, they and not the leaders of the government control the
situation, since the hand that gives is above the hand that takes... Money has no
motherland; financiers are without patriotism and without decency; their sole
object is gain." (Reference 4)
Congresspeople have referred to Federal Reserve Notes as "FIAT" (no-
backing) money. (Reference 1, P. 128, 169)
In 1879 the Supreme Court declared that the U.S. Government can legally issue
United States Notes, debt and interest-free, just as Lincoln and Kennedy
attempted. (Reference 1, P. 233)
A bank that attempted to repossess property on the basis of default faced Judge
Mahoney in a jury trial. Jerome Daly was found innocent. The bank could not
foreclose on the property because it created the loan money from thin air, as
many banks do. Use this as a precedent the next time any bank tries to foreclose
on your house. (Reference 17, P. 82, 83 for court records)
The FED violates Security & Exchange Commission (SEC) rules. (Reference
17, P. 96-98)
California 9th Circuit Court declared FED banks are private, not government.
(Reference 17, P. 273)
Mr. Marriner Eccles, who was Chairman of the board of Governors of the
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