Page 20 - Federal Reserve System Fraud

Federal Reserve System longer than any other man, testified before the Joint
Economic Committee in August 1962. When Chairman Rep. Wright Patman
asked whether it was not a fact that the Federal Reserve System has more
power than either the Congress or the President, Eccles replied: "In the field of
money and credit, yes." (Reference 1, P. 206)
Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove
City (PA) College stated: "The Federal Reserve System facilitates the
government's own inflationary financing in "periods of emergency." It makes
easy the inflationary financing of budget deficits and the inflationary refunding
of government loans. It stabilizes the government bond market through
inflationary methods and manipulates this market to the advantage of the
government. It does all this by wrecking the purchasing power of the dollar; by
subtly stealing from the people of this country what it thus provides for the
government, through a process exactly on par with the coin clipping of ancient
kings but much less visible." (Reference 1, P. 250, 251)
Source: Banking Act of 1935, Hearings before a Subcommittee of the Banking
and Currency Committee, U.S. Senate, 74th Congress, 1st Session, on S.1715,
May 1935, pp 871-2. "The Federal Reserve System is in the wrong hands. No
Constitutional republic can function when the government's money powers are
in the hands of the financial oligarchy such as New York financiers.
A Republican Senator, who preferred to remain unnamed, stated: "Congress is
too much motivated by fears and anxieties concerning pressure groups and the
"non election." (Reference 1, P. 210)
By controlling Congress, the FED has been able to control the nominating
conventions of both political parties. In this way, it has been able to hand-pick
the presidential nominees so that no matter which party wins, their nominee for
President is under definite obligations to the FED... (Reference 1, P. 210;
Reference 22)
In 1975, the Rockefeller Foundation Report discussed the "Interdependence" of
the countries of the world on each other. It stated we are one world and
America shall become a nation-state under one government. They also say we
must reach a zero state population growth. The Rockefeller Foundation stated
that they have in excess of 747 million dollars to achieve this with. (Reference
3)
Congressman John R. Rarick states that the Council on Foreign Relations CFR)
is dedicated to a one world government. The media remains conspicuously
quiet. The CFR wants to convert the U.S. from a sovereign, constitutional
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