THE FEDERAL RESERVE BANK
Lecture given by Dr. Andre Eggelletion
Edited by: Dr. Lee Warren
2000 PLIM Retreat, (c) 2000 PLIM REPORT, Vol. 8 #4
Theme: Inner Journey, Part 6
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See Related Articles: SPIRITUAL REALITY OF CURRENT EVENTS
Introduction
There is a prevailing sense of despair among the masses today in America. Anxiety, fear, and indifference have become our daily bread. All because of current and projected economic upheavals with its strangulating tentacles choking and squeezing the hard earned wealth of the masses. In America the average person works more hours than ever before only to find their income buying less and less. In fact it takes more than ten thousand dollars today to buy what only one thousand dollars would buy in 1913. Where will it all end? Why doesn’t America’s economic indicators tell us why our purchasing power is so diluted in the purported state of tamed inflation? What is to become of our future and our children’s future if we continue this way? What is sure is that we cannot afford to allow our despair to make us indifferent if we are to survive. We must become aware of how we have been manipulated and deceived. Someone is robbing us blind.
Is our financial situation ironic?
In every chronicle of deception there is always irony. One irony that came to me as I began this introduction of the subject was Lincoln’s Gettysburg address. Lincoln exalted the noble principles upon which this nation professes to stand, when he said:
"Four score and seven years ago our fathers brought forth upon this continent a new nation conceived in liberty and dedicated to the proposition that all men are created equal."
We now are subject to the reality that four score and seven years ago the United States Congress brought forth upon this continent a new monetary system. Conceived in secrecy and dedicated to the proposition of it’s own plutocratic function or rule by the rich. In other words, 87 years before Lincoln spoke those words; America celebrated freedom and economic prosperity. Now 87 years after the establishment of the Federal Reserve System we celebrate insurmountable debt and perpetual inflationary expansion. The system guarantees a feudalistic servitude of the people in this country to a greedy hidden select few who control the Federal Reserve.
Can American’s bounce back?
Another irony is the much lauded resiliency of the American people, as spoken of in President Kennedy’s inaugural address,
"Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, and oppose any foe to assure the survival and success of liberty."
In reality, this flexibility has had to sustain us in the most oppressive economic system the world has ever seen. A domestic enemy in the form of a system which has gendered global military conflict, two world wars, two stock market crashes, the great depression, civil unrest, and political assassinations. A system which is the cornerstone in the gradual transfer and reduction of the true wealth of the people in this country, into the hands of a demonic click of international financiers.
Yes this is a blistering indictment, and many people, because of indifference and or ignorance will want to label this assessment of the Federal Reserve System, the ravings of an extremist nut. But, wisdom and prudence requires an investigation into these accusations. As the book of Proverbs says: He that answereth a matter before he heareth it, it is shame and folly unto him." Prov. 18:13. So let us proceed in our examination of the Federal Reserve System. A closer look should reveal its significant threat to our liberty, as spoken of in this introduction. We may also find that this is a story of biblical proportions. It serves, as all things (Romans 1:19-20), as a physical reflect of the state and condition of the hearts and minds of mankind. So sit down and hang on to this exciting roller coaster ride through time as we examine the Federal Reserve System.
What is The Federal Reserve?
By definition, the name "Federal Reserve" is deceptive. The institution is not Federal, neither does it hold any reserves. The Federal Reserve is a privately owned corporation set up for profit.
The Federal Reserve, America’s fourth privately owned central bank, was granted the privilege by Congress in 1913, to coin and print money (Federal Reserve Notes) and set interest rates for the U.S. economy.
Who does the Constitution give the power to create money?
The Constitution of the United States strictly prohibits any institution, except congress from coining and printing currency in America. It reads: Article 1 - Section 8 - Paragraph 5 "To coin money, regulate the value thereof, and of foreign coins, and the standard of weights and measures."
Congressman Wright Patman, Chairman of the House Banking and Currency Committee during the Roosevelt years, confirmed the fact that The Federal Reserve is private. He said: "In the United States today we have in effect two governments. We have the duly constituted government. Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are Reserved to Congress by the constitution."
Spiritual Significance
In the days of the Messiah, in Israel, there existed a similar duality in government. Although Galilee was ruled by King Herod the Great, 37 B.C.-1 A.D. and later by his son, Herod Antipas 1 A.D.-39 A.D., the real Headship of the Jewish people at that time was The Sanhedrin council.
It is thought to have originated in the 3rd Century B.C. and lasted until the destruction of Jerusalem in A.D. 70. It was composed of 70 members, mostly Priests and Sadducean nobles, some Pharisees, Scribes, and Elders, presided over by the High Priest.
The Messiah knew their true identity and character. He said, "Them who say they are Jews, but are not, and do lie," and "Ye are of the Synagogue of Satan."
One of the chief duties of this group was in the area of money. They were known as Money Changers. In other words, they had cornered the market on the only legal tender used to pay tithes at that time; the half shekel of the sanctuary and exacted as much as the market could bear for it. Their evil work was carried out in the temple itself. Three days after the Messiah overturned their tables and whipped them out of the temple, charging them with turning his Father’s house into a den of thieves, he was murdered.
In the book, The Federal Reserve Hoax, by W. B. Vennard, the Sanhedrin of today is described as: "…the 12 men who run this country from behind the scenes. We know that their top echelon can be found among (1) the Class A stockholders of the Federal Reserve System; (2) the Council on Foreign Relations; (3) the Open Market Committee; (4) the Tax Free Foundations; (5) the National Council of Churches; (6) the World Court; (7) the principle stockholders of the Bank of England; (8) News Magnates (9) controllers of the Ether Waves (10) International Financiers headquartered in Paris, Frankfort, Moscow, London, New York, Rome, and Geneva; (11) advisors to presidents; and (12) the Business Advisory Council."
In his first Inaugural address, Abraham Lincoln spoke about "The better angels of our nature," being the inner voice which would ultimately cause the Union to be sustained. Lincoln understood something about the spiritual nature of man and it’s duality. In other words, the self serving nature of man and his intellect are likened unto the Sanhedrin and will try to oppose the spirit of the Messiah which dwells in our hearts and governs us toward peace and inner prosperity if we heed his voice from heaven.
History of The Federal Reserve
The Federal Reserve System was conceived by seven men within the United States. These 7 men who met in total secrecy to establish the Federal Reserve System represented an estimated one fourth of the total wealth of the entire world.
1 Nelson W. Aldrich: United States Senator, Chairman of the National Monetary Commission, business associate of J. P. Morgan, father-in-law to John D. Rockefeller Jr.
2 Paul M. Warburg: Considered the brains behind therganization; Kuhn Loeb & Company partner, chief representative of the most powerful banking family the world has ever seen, the Rothschilds of England and France, brother of Max Warburg, head of Warburg banking consortium in Germany and the Netherlands.
3 Benjamin Strong: Head of J. P. Morgan Bankers Trust Company, Rothschild ally, governor of Federal Reserve of N.Y., and considered J. P. Morgan’s lieutenant in New York.
4 Frank A. Vanderlip: President of National City Bank of New York, representing William Rockefeller and Kuhn, Loeb & Co. As a ploy Vanderlip along with Aldrich publicly positioned themselves against the Federal Reserve act, to reinforce the notion that it was not a all-street bill, assuring public and congressional support.
5 Abraham Piatt Andrew: Assistant Secretary of the U.S.Treasury.
6 Henry P. Davison: Senior partner of the J. P. Morgan Co. chairman of the 1910 New York fundraising committee for American Red Cross in Russia, and Chairman of the American Red Cross War Council (the 1910 American Red Cross was a roundtable front secretly financing the Russian Revolution).
7 Charles D. Norton: President of J. P. Morgan’s First National Bank of New York.
These 7 men who conceived the plans for the Federal Reserve System were all representing the interests of a hidden inner circle of International Financiers. At the core of this circle was the Rothschild family in Europe. (see Section II, letter D, Item 9)
This entire money conspiracy serves to physically reflect (Rom. 1:19-20) how the 7 great political, economic, and ecclesiastical dynasties in the recorded history of the world (Rev. 17:10-11, Dan. 2:1-45) all served the purpose of the Creator in unrighteousness (Isa. 45:5-7, I Sam. 16:14). The 7 dynasties were and are: [1] The City of Enoch, [2] Babylon, [3] Egypt, [4] Medes & Persia, [5] Greece, [6] Pagan Rome, [7] Papal Rome.
When was the federal reserve conceived?
Basic plans for the Federal Reserve System was drafted by the seven men who we have indicated as having convened at a secret meeting, all boarded Senator Aldrich’s private box car at a New Jersey train station bound for Jekyll Island, off the coast of Georgia on Nov. 10, 1910.
Economically the time in which the Fed was conceived was a period of economic stability following the great financial panic of 1907.
Why was the federal reserve created?
The perceived popular view of why the Federal Reserve was created was to stabilize the American economy. This is false.
The basic reason the Federal Reserve was established was to transfer the wealth of the American people into the hands of the stockholders of the Federal Reserve.
It was also created for the purpose of coining and printing U.S. currency without the backing of gold or precious metal. This is pure fiat money.
It was also conceived for the purpose of subjecting the entire world into perpetual debt. By providing loans in any amount to both the U. S. Congress and private industry, for the purported intent of the stabilization of the economy and national security. As well as propping up faltering foreign countries and businesses, the Federal Reserve System has made debtors of the world.
Just as providing an infusion of currency into the economy, the Federal Reserve has become the chief instrument in contracting the nation’s money supply and increasing interest rates. This immense economic manipulating power has created and will continue to create various levels of economic panic, recession, and depression.
In other words, the Federal Reserve System is in total control of the financial climate of the United States for the purpose of it’s economic exploitation. Bearing witness to this charge is the fact that since the creation of the Federal Reserve System in 1913, the Fed has presided over the crashes of 1921, 1929, 1989, the Great Depression of 1929 thru 1939, recessions in 1953, 1957, 1969, 1975, 1981, Black Monday in 1987, a crushing 1,000 percent inflation, destroying 90% of the dollar’s purchasing power.
Was secrecy important for the FRB’s success?
G. Edward Griffin describes the purported objectives in his book, The Creature from Jekyll Island, page 23. "The reason for secrecy was simple. Had it been known that rival factions of the banking community had joined together, the public would have been alerted to the possibility that the bankers were plotting an agreement in restraint of trade. Which is of course exactly what they were doing. What emerged was a cartel agreement with 5 objectives: stop the growing competition from the nation’s newer banks; obtain a franchise to create money out of nothing for the purpose of lending; get control of the reserves of all banks so that the more reckless one would not be exposed to currency drains and bank runs; get the tax payer to pick up the cartel’s inevitable losses; an convince Congress that the purpose was to protect the public. It was realized that the bankers would have to become partners with the politicians and that the structure of the cartel would have to be a central bank. The record shows that the Fed has failed to achieve it’s stated objectives. That is because those were never it’s true goals."
To understand how we got into this mess, we must go back in time to see the evolution of central banking. But first we should understand that the reasons the Federal Reserve was created all reflect the vanity of man (Psa. 94:11, Prov. 13:11, Rom. 8:20-21, Eph. 4:17). Because man is subject to the invisible principle of vanity and he thinks his sufficiency is of himself, without regard of the higher power operating within himself and its still small voice which will lead him in righteousness, he is left to follow unbridled avarice and ambition to his ultimate destruction. The Messiah spoke against the foolishness of the covetous heart; Luke 12:13-21. James also warned those who trust in physical wealth; James 5:1-6.