Ron Paul questions Bernanke on Capitalism 03/24/2009

THE FEDERAL RESERVE

AUDIT THE FEDERAL RESERVE

Contact your Representative and encourage him to support HR 1207 to make the Federal Reserve transparent! Demand that Congress audit the Federal Reserve. Better than e-mail, it is best to send letters by registered mail. Your Representative can be found at this web page:

Audit The Federal Reserve, Better Yet, Disband It

The New World Order has financed it’s self on the backs of tax payers in the United States since 1913 when both the Federal Reserve Bank was signed into law by President Woodrow Wilson on December 23 , and the Internal Revenue Service began to levy income taxes on March 8.

The Bank of the United States (a central bank) was established under Alexander Hamilton’s tenure as Treasury secretary in the administration of President Washington. It’s creation was vigorously opposed by then-Secretary of State Thomas Jefferson, who said that “banking establishments are more dangerous than standing armies.” The 20-year charter of the first Central Bank expired in 1811 and was not renewed. Five years later a second Bank of the United States was created and the bitter struggle to dissolve the bank was the central focus of Andrew Jackson’s populist two-term presidency.

Andrew Jackson said before a group of central bankers during his 1828 Presidential campaign: “You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out.” He went on to say: “If the people only understood the rank injustice of our Money and Banking system, there would be a revolution before morning.” Jackson said that if such a Bank would continue to control “our currency, receiving our public monies, and holding thousands of our citizens in dependence, it would be more formidable and dangerous than the naval and military power of the enemy.” Jackson maintained: “If Congress has the right under the Constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or to corporations.” Jackson said that the control of a central bank “would be exercised by a few over the political conduct of the many by first acquiring that control over the labor and earnings of the great body of people.”

In 1832 Nicholas Biddle who ran the Central Bank petitioned Congress for a renewal of the Bank’s Charter, four years before its current charter expired. The Bill for the new Charter passed the Senate, 28-20, and the House 107-85. However, everyone knew how Jackson felt. Biddle threatened: “Should Jackson veto it, I shall veto him!” Jackson did veto the Charter, and abolished the Central Bank in 1832. He ordered the Secretary of the Treasury to remove all Government deposits from U.S. Banks and deposit them in state banks. On January 8, 1835, Jackson paid off the final installment on our national debt, and it was the only time in history that our national debt was reduced to zero, and we were able to accumulate a surplus, $35 million of which was distributed to the States. Nicholas P. Trist, the President’s personal secretary, said: “This is the crowning glory of A.J.’s life and the most important service he has ever rendered his country.” The Boston Post compared it to Christ throwing the money-changers out of the Temple.

A video on the corrupt banking system of America is above and is continued below in 4 more parts.