Today’s Creatures From Jekyll Island

One of the things that the “truth” movement does best is to perpetrate and over-propagate myths and legends.

While a myth is something that just isn’t the truth, a legend is based on a grain of truth that has been blown way out of proportion into being almost god-like in its power – able to create whole movements based on false facts.

Of course, the favorite “truther” myths and legends seem to circulate around the creation of and the continuing story of the Federal Reserve System. In a previous post, I broke down the legal structure of the Federal Reserve, including the Federal Reserve Act and the reality of what an “independent agency of government” actually is (The Postal Service, Social Security Administration, Federal Trade Commission, Federal Elections Commission, Securities And Exchange Commission, and the Federal Reserve System are all examples of “independent agencies of government”.) They are Federal government corporations, created by Congress, and given the limited power of “rule-making” while still bound by congressional “law” – and there is just no way to get around these facts. All this and the sources you need are right here:


But obviously, the legend still outlives the reality…

My favorite part of the Fed legend is the story of the men who gathered at Jekyll Island to supposedly “create” the Federal Reserve.

While it is certainly true that men congregated to create a bill that could then be eventually run through and passed by congress, the legend of that meeting is one of the more discrediting aspects of the movement. In fact, it unfortunately gives people the false impression that this meeting at Jekyll Island was some rare event in history – as if the rest of the time in government, bills and acts are created by the actual congressmen who spend days and weeks composing and signing them. This is far from the truth.

Was there a meeting on that island? Of course. This fact is not in question.

Did these men create the Federal Reserve? Of course not. They simply wrote a draft of a bill that would take some three years to finally be rewritten, amended, and passed by congress. Congress created the Federal Reserve, which was finalized by then President Woodrow Wilson’s signature. Government, in fact, created the Federal Reserve Board and banks in committee after the Federal Reserve Act was signed, just as it was instructed to do by the Act.

Did the bill pass by the vote of just a few house members on a late stormy night when most of congress was at home sleeping or celebrating the holidays? For this myth, I simply did a bit of simple, logical research….


“The House passed the bill 298-60 on the evening of Dec. 22, 1913″

“The Senate began debate the following day at 10am, and passed it 43-25 at 2:30pm.”

“Wilson signs currency bill,” –New York Times, pp. 1-2, Dec. 24, 1913.

Oh, yeah… the legend seems to forget the check and balance rule that when a bill passes the house, it must also pass the Senate and be signed by the President. So in reality, The Federal Reserve Act didn’t get “created” until that very stroke of the presidents pen. And since bills go from the House to the Senate, and since the Senate then passed the bill as well, and since the bill then went to conference for final amendment and approval, we can’t very well state with any historical accuracy that the Federal Reserve Act was created on a dark stormy night in the House after all of the congress had already left for the holidays, now can we? For the Senate met the next day at 10 am! We can’t just dismiss or not mention the rest of the legislative process for the fulfillment of our legend.

But we also can’t dismiss the journals of the House and Senate, which clearly show the number of votes cast as official record. In other words, when role call was announced, the following was the response of congressmen in attendance for the final vote on the conference report (amended version of the Federal Reserve Act Bill):

House: Bill passed the house on September 18th by a vote of 282-85 with only 3 democrats voting against it.
Senate: The Senate passed the Federal Reserve bill, 54-34 on December 19th with full Democratic support.
Conference Committees: agreed and on December 22nd and 23rd the two houses ratified the bill and the President signed the measure as follows…

1) Dec. 22, 1913 – House agreed to conference report on H.R. 7837 by 298 yeas to 60 nays and 76 not voting but with 34 announced pairs.

2) Dec. 23, 1913 – Senate agreed to conference report on H.R. 7837 by 43 yeas to 25 nays and 27 not voting but with 13 announced pairs.

3) Dec. 23, 1913 – President signs H.R. 7837, the “Federal Reserve Act”.

Does this sound like congress was home for the holidays when the Federal Reserve was created? 76 members out of a total of 434 were listed as not present for the vote. This means that approximately 18% of House members were not present for the vote, which as it turns out is not at all uncommon. It also means that even if these 76 members were present to vote, and they all voted nay on the act, the total votes would have stood at 136 nays, and 298 yeas. This would still have been well over a 2/3’s majority vote in favor of the Federal Reserve Act by the House Members.

The New York Times then reported:

“WASHINGTON, Dec. 23.–President Wilson signed the Currency bill at 6:02 o’clock this evening, following the passage of the conference report by the Senate in the afternoon by a vote of 43 to 25, and the House’s approval of that report last night…”

(Link–> – Note that you may download full article here as well.

So that you can understand how common this absenteeism is in legislatures across the United States, I’d very much like for you to watch this coverage of the Texas Legislature, perhaps my favorite tool to wake people up to the fraud that is government:

Note that since the legislature makes the rules, the legislature very seldom enforces their own rules.

The point here is that if one pours through the journals of the congress, one will continuously see the fact that congress is never full. Absenteeism is a normal aspect of the legislature.

Is this right or wrong?

I’m not here to tell you what is right or wrong, though I personally believe that no bill should be passed in congress without 100% attendance and vote. What I am here to do is present fact -vs- fiction. And the fact is that nothing out of the ordinary happened on that night (when only 18% of the Congress didn’t vote for the conference report on the Federal Reserve Act) and that it was indeed passed quite legally. Good or bad? That’s not the issue. It’s good for some, bad for others. I’m not here for that. Good and bad are not facts, they are opinions. My opinion, so as to be clear, is that the Federal Reserve Act was both good and bad, but that its management is very bad. But more importantly, my opinion of congress and the President, both past and present, is that they are acting in treason to the people of the united states of America under the Lieber Code (martial law) and that nothing they do is lawful in America in the first place. But, they are acting legally in the United States under their own laws, which is outside of the united states of America, in Washington D.C. They are the provisional government of the occupying military force called the United States. So my opinion is based on these facts, as a man who understands that he is under martial law and that since the Civil War, the government of the United States is illegitimate under duress.

Interestingly, because of this fact, the ludicrous pursuit of Obama’s birth certificate to prove “citizenship” is a fallacious waste of time. For under military rule, there is no law that requires any head of any corporation to be a natural born citizen of the united states of America in the government of the federal corporation called the “United States”. In fact, there is no law period! You see, there is no such thing as being naturally born in the “United States” corporation. The United States are a corporation, and there is nothing natural or human about it. The President is the CEO of the United States, not the united states of America.

And as it turns out, the myth of future martial law as a result of “civil unrest” is one of the few instances where the myth covers up an already existing fact that is much worse than the myth. In this occupied land, the “United States” military already has bases in all 50 States, which are federal territories of the United States, signifying the presence of martial law according to the laws of war in the Lieber Code. And so the fear of martial law covers up the actual ongoing military rule and occupation that already exists! Just one more quiver in the educational void of the truth movement. The Lieber Code directly influenced both the Hague Convention deliberations and the Geneva Conventions in the mid-twentieth century, and was originally put into effect as General Orders 100, on April 24, 1863, by Lincoln’s secretary of war, Edwin Stanton.

By the way, I feel perfectly justified in saying these things because of the FACT that I was once equally as naive as the rest of us; telling people to wake up even as I was completely asleep. A cursory glance at some of my first posts on this blog is proof enough of my own ignorance just a year ago, and of the arrogance that comes with being an nonfactual truther. So getting offended at my writing is pointless. I still have a lifetime of learning to overcome my own current ignorance, and I no longer fool myself into thinking that I know even a fraction of what is.

My intention is only to point out what isn’t, so as to make it easier for both you and myself to see what is. So bare with me…

For more on this, may I suggest my previous research here:

(Link –>

And for more on the Lieber Code and our continued military rule since the Civil War, see here:

(Link –>

One last example as to the myths that get passed around without verification.

This quote is often put forward to be said by Woodrow Wilson after signing the Federal Reserve Act.

“I am a most miserable man. I have unwittingly ruined my country. A fantastic industrial nation is controlled by its system of confidence. Our system of confidence is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men…”

But when we actually examine where this quote comes from, we can quite easily and logically deduct the fact that this quote could not have been said by Woodrow Wilson any time close to or after the date of the signing of the Federal Reserve Act in December of 1913!

Page 185 of “The New Freedom” by Woodrow Wilson (1913, Doubleday, Page & Co) has this quote.

For a description of this book, we read: “The New Freedom comprises the campaign speeches and promises of Woodrow Wilson in the 1912 presidential campaign.” Also note that this book was copyrighted and published earlier in the year 1913.

How is it then that this quote can possibly be attributed to President Wilson after signing the Federal Reserve Act in the last week of that year, on December 23rd, 1913?

Does nobody verify facts anymore?

It turns out that Wilson didn’t write or say the phrase, “I am a most miserable man. I have unwittingly ruined my country.”, at least that anyone can find.

In Chapter 8 of “The New Freedom”, we find written:

“A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.”

And then in Chapter 9, we read:

“We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world–no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.”

And as of yet, I can’t seem to find a reference for the “unhappy man ruining his country” quote.

But someone out there put it all together, shortening sentences and blending intent, to read as such:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

And this quote is used in such movies as Freedom To Fascism, Zeitgeist, The Money Masters, etc…

On “The Money Masters” website, the quote for that movie is listed as:

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote:I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit…’ etc…”

(Source –>

For the movie, “America: Freedom To Fascism”, the quote was:

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by its system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

Among other misquotes, Mr. Russo also twisted this quote completely out of context when he read:

“We can’t be so fixated on our desire to preserve the rights of ordinary Americans.” –Bill Clinton, March 11, 1993

What Clinton actually said (on March 1, 1993) was:

“We can’t be so fixated on our desire to preserve the rights of ordinary Americans to legitimately own handguns and rifles—it’s something I strongly support—we can’t be so fixated on that that we are unable to think about the reality of life that millions of Americans face on streets that are unsafe, under conditions that no other nation—no other nations—has permitted to exist.”

(Source –>

How can one then trust any other quotes or references in such “documentaries” if such blatant misquotes with unverifiable information are placed into them as “historical fact”, and then parroted by “truthers” to people who might actually verify the lie? It is my opinion that a documentary is supposed to document facts, not parade half-truths for the benefit of emotional response.

Again, if almost the entirety of Wilson’s quote was written in a book that was published well before the Federal Reserve Acts was signed, then how could it be Woodrow Wilson’s thoughts “after signing the Federal Reserve Act“, as so many have quoted without verification?

The “truth” is that it can’t.

And to assign some sense of heroism to the very man who signed the Federal Reserve Act, making it law, after he agreed to do so for campaign donations and support to become president in the first place, is a stain on the reliability of the good people who then quote these lies as truth. In fact, the only logical conclusion is that Wilson was stating these facts about the banking system to prepare and predicatively program people to except the fact that the Federal Reserve was going to be created to solve all of these problems that he wrote about in this book. What a twisted history and tangled web we “truthers” can weave…


Another aspect of this legend of the Federal Reserve story is the strange notion that the Federal Reserve System somehow operates outside of government control, that it owns its own assets, and that some rouge “bankers” or “elite” own some fictitious stock in the Federal Reserve that no one can see, touch, or verify. I’ve even seen lists going around listing certain men (international bankers) as shareholders of the bank. Despite the fact that the current Federal Reserve Act as annotated in U.S. CODE has been amended by Congress numerous times in every decade since its inception, and is now a completely different “creature” than it was at its creation, even the original Federal Reserve Act states quite clearly that these myths about the legend are simply not true…

Here is an excerpt from the original Federal Reserve Act:

SEC. 2… Under regulations to be prescribed by the organization committee, every national banking association in the United States is hereby required, and every eligible bank in the United States and every trust company within the District of Columbia, is hereby authorized to signify in writing, within sixty days after the passage of this Act, its acceptance of the terms and provisions hereof. When the organization committee shall have designated the cities in which Federal reserve banks are to be organized, and fixed the geographical limits of the Federal reserve districts, every national banking association within that district shall be required within thirty days after notice from the organization committee, to subscribe to the capital stock of such Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank….

Any national bank failing to signify its acceptance of the terms of this Act within the sixty days aforesaid, shall cease to act as a reserve agent, upon thirty days’ notice, to be given within the discretion of the said organization committee or of the Federal Reserve Board.

Should any national banking association in the United States now organized fail within one year after the passage of this Act to become a member bank or fail to comply with any of the provisions of this Act applicable thereto, all of the rights, privileges, and franchises of such association granted to it under the national-bank Act, or under the provision of this Act, shall be thereby forfeited….

No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $20,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be transferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank….

SEC. 3. Each Federal reserve bank shall establish branch banks within the Federal reserve district in which it is located
and may do so in the district of any Federal reserve bank which may have been suspended.

* * * * * * * *

SEC. 5. The capital stock of each Federal reserve bank shall be divided into shares of $IOO each….

* * * * * * * *

SEC. 7. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank.

The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury….

So after reading this, does it sound to you like “bankers” took over the banking system of the United States?

No. In fact, Individual banks were REQUIRED to purchase stock to be a Federal Reserve Member to continue operating as a reserve bank of the United States. In other  words, if any bank wished to continue to create funny money legally through the United States, they had to become members of the Central bank of the United States. So technically, government actually created a system to control bankers.

But what needs to be known is that government, over many, many decades, has slowly invested in the ownership stock of all of these banks and other corporations and collectively, governments have become the major share holder of these banks. Government is where the public wealth is – 100’s of millions of people’s wealth exacted and extorted daily – and the power to control that wealth as well as the regulation of the banking industry in one consolidated government was the collective goal.

Please get this through your head… I am not here trying to convince you that government isn’t controlled by outside influences, bankers, elites, or whatever the legend of today names these men as… I am simply telling you the facts: The Federal Reserve System is a government agency that is politically independent (not naturally or lawfully independent), no differently than the Post Office or the Social Security System or many other independent agencies of government, and that it is government that holds the wealth and stock ownership of most corporations and banks.

There are no ownership shareholders of the Federal Reserve because the Federal Reserve does not offer ownership stock. Wallmart and Monsanto offer “public” ownership stock, for which people and government has been purchasing for decades. But government corporations do not offer public (ownership) stock, which means that government is not owned.

Thus, the myth that “corporations own the government” can also be dismissed here. It is quite the opposite, actually. The word “own” is the legal holding of stock of a corporation. So while there is very much a symbiotic relationship between corporations (including banks) and government, the fact is that government owns shares in corporations, and not the other way around. The reality is that at any time government, with the swish of a pen or the dumping of its collective stock, can indeed shut down or make insignificant any corporation it chooses to. On the other hand, no corporation can do the same to government.

These are the facts. And while these facts do not preclude the idea that a bunch of evil bankers and corporate elitists control the government from beyond its borders, they do show quite clearly that while government may be controlled by these men, government is not “owned” by these men. The distinction here is perhaps the most important one I can think of, and yet it is the most overlooked by the creators of legends and myths. Is it any wonder that the masses, with the help of the government-owned media (through stock investment), calls us “conspiracy theorists”? If 99 out of 100 “truthers” are purposefully led into the mythological beliefs we are uncovering here, and then present those beliefs as fact (as I once did) without verifying these stories of false history, then how can the masses of people ever be persuaded to “wake up”? For waking up into just another dream-state is never going to accomplish anything – and belief in mythology and legends is not truth!


We also see in the Federal Reserve Act that earnings shall be used to supplement the gold reserve held against outstanding U.S. notes. What does this mean? After all, the myth states that there is no gold in Fort Knox, right?

As of 2009, the gold reserve held as collateral by the Treasury against outstanding United States notes was listed in the Federal Reserve Comprehensive Annual Financial Report, pages 453 and 490.


Please note that the Federal Reserve is required to publish its audit of its financial statements just as every other government agency is in the country – NO EXCEPTION –  and this can be verified in the Federal Reserve act and in U.S. CODE here:

Section 11B. Annual Independent Audits of Federal Reserve Banks and Board

The Board shall order an annual independent audit of the financial statements of each Federal reserve bank and the Board.

[12 USC 248b. As added by act of Nov. 12, 1999 (113 Stat. 1475).]

But wait a minute, the Fed doesn’t get audited, does it? Isn’t that what the myth states, that the legend called the Federal Reserve doesn’t get audited because it is a rouge agency and out of control of the government?

Read the answer to this question for yourself, here: –>

And then go ahead and download the audit of the Federal Reserve, which is listed on its site as:

“Audited Annual Financial Statements of the Federal Reserve System (annual statements as of and for the years ended December 31, 2011, and 2010)”

Here’s the link for the audit of each individual Fed bank, as well as the Board–>

It’s really simple and a generally accepted practice for governments and private corporations you see, to create their own financial statements and have them audited by an outside accounting firm. This was the case even when The Creature From Jekyll Island was written, and for many decades before. In fact, the Federal Reserve has been audited since it was created.

Also, the Government Accounting Office in its 2009 CAFR reports for the Federal Government shows the same exact information, listing $11,037,000,000 worth of gold at a fixed (contracted) price of $42.2222 per troy ounce being held as collateral for United States notes. This can also be found on page 61 of the Federal Government’s CAFR.


With a little math, we can calculate that as of 2009 fiscal year, the Federal Reserve was holding 261,498,900 troy ounces of gold as collateral for United States notes. And as the price of this pledged gold is fixed at a statutory value of $42.2222 per troy ounce, that legal value as listed is a bit over $11 billion dollars.

However, if we were to consider that U.S. gold as valued by the market price of $1654 per troy ounce today, August 30, 2012, that gold would be worth $432,519,180,600 dollars. $432.5 billion! Ironically, and perhaps purposefully, the “gold certificates” held by the Federal Reserve System – which are redeemable for the physical gold listed as payable by the Treasury –  these gold certificates have been used in the markets as swaps, using the market value of the physical gold as collateral for other trades. In other words, while the physical gold is force-valued at $42.2222 per troy ounce by statute, the gold certificates representing that actual physical gold in contract can then be used in certificate swaps at the gold’s market value – at $1654 per troy ounce – because the certificates represent the gold itself, not the contracted price! The collateral is being used as collateral!

Thus, the myth that the Federal Reserve and the United States Treasury are somehow at odds with each other or in some strange form of competition is fairly ludicrous. We are talking about legal organized crime here. And no rational criminal would set up a system to impede the implementation of that criminal activity. In fact, it states very clearly here that “all the net earnings shall be paid to the United States as a franchise tax.

Think about it… if “The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, and thenet earnings shall be paid to the United States as a franchise tax, where is the competition?

This makes a causal loop where profits (earnings) of the bank get paid to the Federal government and then those payments get used to increase the physical gold held by the Federal government which creates more swappable gold certificates to collateralize the United States notes which will make even more profits (earnings) for the Federal Reserve which will be paid back again to the United States as a tax and can buy more gold and swap more certificates making more profits and so on and so forth– ad infinity.

Does this sound like a competition or non-cooperation to you?

As far as the Fort Knox myth:

The gold stored in the Depository is in the form of standard mint bars of almost pure gold or coin gold bars resulting from the melting of gold coins. These bars are about the size of an ordinary building brick, but are somewhat smaller. The approximate dimensions are 7 x 3-5/8 x 1-3/4 inches. The fine gold bars contain approximately 400 troy ounces of gold, worth $16,888.00 (based on the statutory price of $42.22 per ounce). The avoirdupois weight of the bars is about 27-1/2 pounds. They are stored in the vault compartments without wrappings. When the bars are handled, great care is exercised to avoid abrasion of the soft metal…”

(Top) “A large amount of the United States’ gold reserves is stored in the vault of the Fort Knox Bullion Depository, one of the institutions under the supervision of the Director of the United States Mint. The remaining gold reserves are held in the Philadelphia Mint, the Denver Mint, the West Point Bullion Depository and the San Francisco Assay Office, also facilities of the United States Mint.”

(Source –>

Read this clearly… The gold of the United States is held in several depositories, Fort Knox being just one of them. It is listed at the same statutory price that is pledged to the Federal Reserve as collateral for United States notes. And there is absolutely no proof whatsoever that this gold is not being hoarded in Fort Knox or one of these other installations. Seriously, what purpose would it serve to lie about this? Why the pervasive myth?

Understanding the connections and financial reporting of that gold and how it is pledged as (collateral), and seeing these audited reports match up gives us a look into the reality of the situation.

And, as for the audits of the gold in Fort Knox, we read:

Appendix D: Continuing Audit of the United States Government-Owned Gold Summary

A continuing audit of the United States gold stock has been underway since 1975 at the direction of the Secretary of the Treasury. When it is completed in 1984, it will have covered all the gold for which Treasury is accountable and will have involved an estimated 26 man years of work. This audit, together with a special audit of the gold stock conducted by the General Accounting Office in 1974 and audits by examiners of the Board of Governors of the Federal Reserve System, has (as of September 30, 1981) covered more than 212.7 million fine troy ounces of gold. This represents over 80 percent of the total amount of United States-owned gold of 264.1 million fine troy ounces. No discrepancies have been found in Treasury records with regard to any gold in permanent storage.

Current Audit Program

On September 23, 1974, members of Congress were invited to inspect the United States gold stock stored in the Ft. Knox bullion depository. Following Congressional inspection, which involved removal of the seals and opening selected vault compartments, a special audit was conducted in September and October 1974. The General Accounting Office (GAO), in cooperation with auditors from the Bureau of the Mint, Bureau of Government Financial Operations (BGFO), United States Customs Service, and the Treasury Department’s Office of Audit conducted an audit of 21 percent of the gold bars stored at Ft. Knox. In the report of the audit, the GAO recommended that consideration be given to performing continuing audits of the gold in custody of the Mint. That recommendation is the basis for the current audit program. On June 3, 1975, Treasury Secretary Simon issued Treasury Department Order No. 234-1 authorizing and directing the Fiscal Assistant Secretary, with the cooperation and assistance of the Director of the Mint, to conduct a continuing audit of United States Government-owned gold for which the Department of the Treasury is accountable.

The Fiscal Assistant Secretary established a Committee for Continuing Audits of United States Government-owned Gold to provide guidelines and general direction to ad hoc gold audit committees. The Committee for Continuing Audits is headed by the Director, Audit Staff of the Treasury’s Bureau of Government Financial Operations (BGFO) and includes the Chief of Internal Audit of the Bureau of the Mint and the Assistant General Auditor of the Federal Reserve Bank of New York…

FOR IMMEDIATE RELEASE September 20. 1974


The inspection by Members of Congress on September 23, 1974 of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint announced today.

“On April 28, 1943, President Franklin D. Roosevelt inspected the Bullion Depository,” Mrs. Brooks said. “His visit was the one and only time a gold vault was opened for inspection for anyone other than authorized personnel.”

“The Congressional inspection adheres to the new open door policy of the government announced by President Ford. Treasury Secretary William E. Simon issued the invitation to Congressmen to inspect the gold at Fort Knox. By also inviting the press to witness the Congressional inspection, the Mint is clearing away the cobwebs and re-assuring the public that their gold is intact and safe. For the first time photographing is being permitted inside the Depository.”

After the Congressional inspection, the Bullion Depository will once again be closed to visitors.

On September 24, 1974, a special settlement (audit) is scheduled to begin and at its conclusion a report on the audit will be issued.

The audit will be performed by a committee of auditors from the U. S. General Accounting Office (GAO) and the Department of the Treasury. The auditors from the Treasury will be drawn from the Office of the Secretary, the Bureau of Government Financial Operations, the U. S. Customs Service, and the Bureau of the Mint. In addition, the committee will include technicians from the Bureau of the Mint who are trained in assaying and weighing gold bullion.

The monetary gold stock of the United States totals 276.0 million fine troy ounces valued at $11. 7 billion at the official rate of $42.2222 per fine troy ounce, and is stored in various federal depositories (table attached), the largest of which is at Fort Knox. Kentucky. 147. 4 million fine troy ounces, valued at $6.2 billion, is stored in 13 vault compartments at the Fort Knox Bullion Depository.


Walter D. Huddleston. (D) Kentucky

Clair W. Burgener. (R) California
John B. Conlan. (R) Arizona
Philip M. Crane. (R) Illinois
Walter E. Fauntroy. (D) District of Columbia
Angelo D. Roncallo. (R) New York
John H. Rousselot, (R) California
Gene Snyder. (R) Kentucky
Chalmers P. Wylie. (R) Ohio

(Source –>;_ylu=X3oDMTE1NTd2M2gwBHNlYwNzcgRwb3MDMQRjb2xvA2FjMgR2dGlkA1ZJUDAyMl8xODA-/SIG=13la6qcdu/EXP=1346563288/**http%3a//

And then the the U.S. Mint states:

“The United States Bullion Depository Fort Knox, Kentucky:

  • Amount of present gold holdings: 147.3 million ounces.
  • The only gold removed has been very small quantities used to test the purity of gold during regularly scheduled audits. Except for these samples, no gold has been transferred to or from the Depository for many years.
  • The gold is held as an asset of the United States at book value of $42.22 per ounce.
  • The Depository opened in 1937; the first gold was moved to the depository in January that year.
  • Highest gold holdings this century: 649.6 million ounces (December 31, 1941).
  • Size of a standard gold bar: 7 inches x 3 and 5/8 inches x 1 and 3/4 inches.
  • Weight of a standard gold bar: approximately 400 ounces or 27.5 pounds.
  • In the past, the Depository has stored the Declaration of Independence, the U.S. Constitution, the Articles of Confederation, Lincoln’s Gettysburg address, three volumes of the Gutenberg Bible, and Lincoln’s second inaugural address.”

(Source –>


One of the most interesting legends – one that is alive and well today – is that of Ron Paul. Paul wanted to spend many 100’s of millions of taxpayer dollars to audit the gold reserves of the United States, and is one of the key promoters of this “no gold in Fort Knox” myth, with absolutely no proof that this is the case.

But his real claim to fame is his Audit the Fed bill and “End The Fed” book and movement. He has become infamous for using such mythical catch-phrases as “The Federal Reserve is about as Federal as Federal Express”, and “the Federal Reserve has never been audited”. But even worse than that, his followers and fans then parrot the same thing without ever verifying the factual nature of these statements, as shown above. Again, I should know, as I used to be one of the parrots!!!

Before Paul’s current false-hope bill to supposedly “Audit The Fed”, his 2007 bill actually contradicts his own speeches where he states that the “Federal Reserve is not Federal“.

H.R. 2755 in the 110th Congress is entitled: “Federal Reserve Board Abolition Act”, and is solely sponsored by Ron Paul.

In it’s introductory text it states the following:


To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Further into the text, it states:


(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed


(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY– After satisfying all claims against the Board and any Federal reserve bank which are accepted by the (Federal) Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

Now, there are only three options here:

Either Ron Paul knows that the Federal Reserve System, the Board, and its banks are already the property of the Treasury of the Federal Government and can be shut down and reabsorbed into that government because of that fact…

Or he had temporary insanity and contradicted his own speeches and writings…

Or he is calling for the assumption by government of a completely separate and totally private corporation that was not created by, regulated by, or owned by the federal government.

If this third option were true, would this mean that Ron Paul could write a similar bill to abolish WalMart, Monsanto, or perhaps your own personal small business to be assumed and liquidated into the Federal Treasury?

Which of these scenarios is more reasonable, logical, and for that matter provable, just by reading this bill? Do you actually think that the Federal Reserve Corporation (or any other federal agency) can exist or act legally within the United States if the Federal Reserve Act is abolished?

Where would the Fed then get its authority to operate as the United States central bank, do you think? I mean, if indeed it is a completely separate rouge entity not controlled by government, it really wouldn’t need the Federal Reserve Act or Congress’ approval in the first place, right?

Note: Anyone who answers yes to that question better go back to paragraph one…

Notice too the fact that Paul lists the “stock” of banks to be “redeemed”. The perception that this stock of the Federal Reserve Bank is owned by some international bankers is again one of those prevalent myths that just wont go away. In fact, when we go to the horses mouth (the current amended Federal Reserve Act), we can see what the stock of the Federal Reserve is and who is forced to invest in it.

Section 5 of the Federal Reserve Act (codified in U.S. CODE 12 Section 287) states:

Section 5. Stock Issues; Increase and Decrease of Capital

1. Amount of Shares; Increase and Decrease of Capital; Surrender and Cancellation of Stock

The capital stock of each Federal reserve bank shall be divided into shares of $100 each. The outstanding capital stock shall be increased from time to time as member banks increase their capital stock and surplus or as additional banks become members, and may be decreased as member banks reduce their capital stock or surplus or cease to be members. Shares of the capital stock of Federal reserve banks owned by member banks shall not be transferred or hypothecated. When a member bank increases its capital stock or surplus, it shall thereupon subscribe for an additional amount of capital stock of the Federal reserve bank of its district equal to 6 per centum of the said increase, one-half of said subscription to be paid in the manner hereinbefore provided for original subscription, and one-half subject to call of the Board of Governors of the Federal Reserve System. A bank applying for stock in a Federal reserve bank at any time after the organization thereof MUST subscribe for an amount of the capital stock of the Federal reserve bank equal to 6 per centum of the paid-up capital stock and surplus of said applicant bank, paying therefor its par value plus one-half of 1 per centum a month from the period of the last dividend. When a member bank reduces its capital stock or surplus it shall surrender a proportionate amount of its holdings in the capital stock of said Federal Reserve bank. Any member bank which holds capital stock of a Federal Reserve bank in excess of the amount required on the basis of 6 per centum of its paid-up capital stock and surplus shall surrender such excess stock. When a member bank voluntarily liquidates it shall surrender all of its holdings of the capital stock of said Federal Reserve bank and be released from its stock subscription not previously called. In any such case the shares surrendered shall be canceled and the member bank shall receive in payment therefor, under regulations to be prescribed by the Board of Governors of the Federal Reserve System, a sum equal to its cash-paid subscriptions on the shares surrendered and one-half of 1 per centum a month from the period of the last dividend, not to exceed the book value thereof, less any liability of such member bank to the Federal Reserve bank.

[12 USC 287. As amended by act of Aug. 23, 1935 (49 Stat. 713).]

(Source – The Federal Reserve Act online –>


Does this really sound like a bunch of bankers have control of the Federal Reserve to you? Or does it sound like banks are begging to be members of the Federal Reserve System so that they can get all of the benefits of being members of that system so as to create money via the federal reserve system? Seriously, banks can’t fractionally create money without being members of the Federal Reserve. So no usurious United States bank is going to voluntarily leave the Fed.

Does it sound like banks have a choice as to whether they want to be stock-holders to you, that is, if they want to be members and get Fed benefits?

This legend of the Federal Reserve is out of control!

Perhaps the next time you hold up a sign or plaster a bumper sticker across your automobile that reads “End The Fed”, you’ll actually think about what it is you are demanding. Are you trying to close down a private corporation, or are you trying to demand that government end its own government-owned corporation through a vote of Congress? If you believe the former, then why not hold up signs to government saying end the Monsanto or end the Walmart?


Now, you may be curious about the title of this rant, “Today’s Creatures From Jekyll Island”.

So let’s talk about who exactly these “creatures” are today and how they’ve changed since yesterday.

Again, the concept that the drafting of these words that would eventually be utilized by congress to create the Federal Reserve Act and the Federal Reserve itself through congressional committee was a rare or singular occurrence in the history of legislative actions is the biggest myth that needs to be dispelled here.

Congressmen, in fact, very seldom write their own legislation. Though the misconception is that this is the job that we vote them into office for, nothing could be farther from the truth. As you saw above, half of the time they don’t even bother to show up for voting session!

These are corporate yes-men. They are propped up into office for one reason… they have no spine. They vote as they are supposed to along party lines, without reading the bills half the time, while putting on a patriotic show every once in a while so that the “truth” movement can pass the video along to other “truthers” and make themselves feel better about exposing the truth.

So who actually drafts most of the important bills in Congress?

I’d like you to meet ALEC.

The American Legislative Exchange Council (ALEC) is the ultimate ultra-lobbying group, consisting of a membership roster of 100’s of major corporations and the thousands of legislators that they wine and dine before they send them back to their state or federal legislatures with ALEC-composed bills in hand. In other words, ALEC ghost-writes the bills that are put on the congress floor, just as the Federal Reserve Act was ghost-written at Jekyll Island. And the congressmen then alter and amend those bills and send them to conference just like they did in 1913.

This is not at all uncommon. In fact, it is the norm.

Hundreds of what are called ALEC Model Legislation Bills are passed each year in congress, and an unknown number are passed on the local and State level. These bills are written by corporations, amended and earmarked by congress, and signed by whichever party president, governor, or county mayor is in office at the time. It isn’t just a rumor that congress doesn’t read the bills they sign. The truth is, they don’t need to. They are just there to sign the dotted lines and enjoy the perks of their ALEC membership, add a few earmarks onto the bills, and then enjoy the benefits they’ll receive in retirement for their cooperation and for being good little minions of the shell-game.

And so, these are the creatures that both inhabit government and professionally organize outside of it, in the open, while writing the nation’s legislation without needing the privacy of an island any more.

While there are certainly other similar groups out there, ALEC is certainly the most prevalent.

Here’s a great satire on ALEC:

For more information on ALEC, visit this website:

Warning: As with many mainstream sites and watchdog groups out there, I urge caution and verification. While much of the information on this site is good, the Center for Media and Democracy has some troubling aspects to it… like the fact that it promotes democracy instead of a republic!

Recently, Jan Irvin interviewed one of its representatives, exposing its less public side, here:

And finally, I did an interview on ALEC and private prisons with Joyce Riley on the Power Hour, one of my better interviews. Alec is one of the major supporters of and sponsor of the privatization of prisons and everything else in government. Interview here:

In the end, the creatures are all around us. The only difference seems to be the blatant openness in which they operate in today’s world. They are organized into non-profit groups, for the benefit of their for-profit corporations. They are members of countless private associations (including the political parties), and they follow the rules of these associations in the legislature while our politicians lend their allegiance to the parties, not the people. Virtually nothing in government is done in the traditional way that Americans still believe it is, and still the “truther” movement seems to always look to now century old history and quotations for an explanation of what is the reality of today – which is a completely different animal in both technological prowess and the amended law books that read nothing like the rules of yesteryear.

And today, virtually all relevant statutes that are being rubber-stamped and implemented out of our local, State, and federal governments are being written by these treasonous creatures, outside of government halls, by men who no longer need to meet in secrecy on some secluded island – because treason and crime are now commonplace, publicly accepted and anticipated, and legal!

And the people do nothing but change the channel…


–Clint Richardson (
–Saturday, September 1st, 2012

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  1. Deanna Spingola

     /  September 1, 2012

    Absolutely masterful. We should do a special, commercial-free program on this article.

    Kindest Regards,

    My radio program: Monday-Friday, 11 am to1 pm (CT)
    My radio schedule:
    Spingola Specials – commercial-free interviews
    My Books:
    The Ruling Elite, a Study in Imperialism, Genocide and Emancipation
    The Ruling Elite, the Zionist Seizure of World Power
    (both available at Amazon, and other retailers)


  2. great work once again.


    • Peter Klimon

       /  January 6, 2013

      Clint’s explanation that there was nothing unusual with the way this bill was passed through Congress is extremely disengenuous. I do not see how you can say that a bill pushed through two houses of Congress and signed by the President all within two days to be anything but – excuse the punn – “pushed through the middle of night”?

      BTW-the vote by Congress (as shown below) was most definately done in the evening and “in the middle of the night”! So I do not think Edward Griffin was exaggerating by any stretch of the imagination!

      “The House passed the bill 298-60 on the evening of Dec. 22, 1913″
      “The Senate began debate the following day at 10am, and passed it 43-25 at 2:30pm.”
      “Wilson signs currency bill,” –New York Times, pp. 1-2, Dec. 24, 1913.

      Given that in the early 1900’s we did not have anything like CSPAN or main stream media that at least makes most Americans somewhat aware that something was afoot! Edward Griffin’s description was wholly accurate. I am somewhat amused that you find this method of pushing a bill through Congress normal and acceptable? I find these events extremely comtemptable by the perpetrators who masterminded the deception that paved te way for the unorthodox way the bill was written and voted upon. I am truly disappointed that you would take such cheap shots at person who has done more to make America aware of the corruption that has been festering in our political systems ever since the passing of this dispicable act! Next to the Patriot Act, 911 and Obama’s illegal use of signing statements I cannot think of anything else that has done more damage to our nation.

      You seem to go out of your way to be overly critical of a footnoted quote that was attributed to Woodrow Wilson totally igoring the fact that Mr. Griffin was quoting someone elses description of Wilson’s comments. Just because you could not find the exact quote in the book you mention certainly is not proof that Wilson never made such a quote? I would hope that in the future you spend more time offering concrete solutions on how we can take back this government that you so fondly continue to say seems to own everything under the sun. With all due respect that by now is OLD NEWS, what we need are creative people who can point the way to solid solutions to the rampant corruption that has taken over our way of life…

      Please do not take this a personal slight. I appreciate all of the research you have made public and you have done a great job. However it would be truly helpful if you could also offer some ideas on how we can take back our government instead of wasting time bashing Ron PauL and Edward Griffin. I do not buy your supposition that these two are somehow responsible for our current problems in Government…

      Villa Park, IL


      • Where to begin here…

        The December “evening” here in Utah begins currently at around 5pm, and is completely dark at around 6pm. Due to time zones, the same holds true in Washington D.C. Is this the evening? Yes, I believe it is. The middle of the night, considering dawn is around 7am or so, would place the middle at around midnight. How this is at all relevant to anything at all actually escapes me, and I believe it is just a prop in a story for added zest and decoration, adding a sense of secrecy that just wasn’t actually there.

        In fact, as I reported, this bill went through many stages and revisions before being voted upon in both congress and in committee. It was indeed a very lengthy debate with many alterations, deletions, and additions, taking many months. To postulate that this bill was somehow different than any other bill requires some proof of claim. Thus far, I have found none. Perhaps you believe that there is some other way to pass a bill than what happened those days? Can you show me where a bill is passed differently than with Congress voting and the president signing it? What was different? Was this the only late night session in the history of Congress? And if this bill was being passed today, the cameras would be turned off for the vote. So C-SPAN wouldn’t really be any help there. We’d still have to examine the records and journals kept, no different than yester-year.

        Please explain to me as to what was “unorthodox” about the way this bill was passed… compared to say, Obamacare or every appropriations bill that needs urgent attention? What was unorthodox???

        Edward Griffin plagiarized other authors, not the least of which was Eustice Mullins, including the very title of his book. Honestly, I’m not much of a fan. And if this man or Ron Paul cannot take criticism or answer the tough questions, does not that make these men less than credible? Have you not learned yet that the very things you are not supposed to talk about are likely the things that you should be talking about? Should I be stoned to death for such heresy as to question the consensus on global warming and the Federal Reserve – and with such good questions?

        Imagine if, in the top scientific, medical, political, and world leadership if they could use the excuse that they got their information from someone else without verifying its accuracy, and harmed people or the economy because of it. Oh- never mind, that happens all the time. How about 9/11, now that Cheney and others has admitted the info was false and millions died in Iraq for nothing at all? So is it suddenly ok to plagiarize a quote from some book somewhere without verifying its accuracy? Sounds just like the truth movement to me!!! So are you going to let these people off the hook for a lie, just because the lie was a popular belief? This is not reasonable or logical to me. If it is to you, then you are on the wrong site!

        Sir, I did find the actual quote, and it was in a book written before the quote was sourced. I’d like to think this makes the timing of the quote to be impossible, thus the quote is inaccurate. Please provide proof otherwise if you actually have the balls to criticize me for providing facts to disprove fiction. At this point, you sound like a religious zealot; not interested in anything but the official truth movement story.

        So government’s ownership of “everything” is “old news”? Really? Then why is nobody talking about it? Why is it not discussed in most activist meetings? Why not mentioned on the nightly news or on stock analysis programing? Why not on Infowars? Apparently you are way beyond my current disposition and research capabilities, so why in the hell are you here?

        Finally, if you are seriously suggesting that I of all people on this net am not putting forth solutions to these issues we all face, then I can not possibly do anything to help you. Perhaps you should read a bit more of my work before passing this fallacious judgement on me. Your fallacy here: Since this article had no solutions, Clint never provides solutions in all of his work. You couldn’t be more wrong.

        Again, “bashing” is a fallacious term here. Asking tough questions based on fact and verification is not bashing, it is just good journalism. And when did I ever say that Ron Paul and Edward Griffin “are somehow responsible for our current problems in government”? Seriously? If anything I have vehemently stated that people are the problem, being fans of these men as if they are superheroes, and hoing things will hange because of these men instead of making things change by their own personal actions. Maybe you fall into this category, and maybe not. Perhaps you just aren’t used to people like me telling you the truths you don’t want to hear?

        Thanks for the semblance of appreciation for all the many 100’s of hours I’ve spent in search of the facts and writing them down as such.

        And same to you, that is, this is not a personal slight any more than your comment was to me.

        Hell, Earth


  3. Mikhail Vladimir

     /  September 1, 2012

    Great work Clint! This is an excellent piece.
    I really look forward to hearing your special with Spingola!


  4. Terry Moore

     /  September 2, 2012

    Clint outstanding work again. You hit a bullseye when you said”truther movement dealing with century old history”.Ha. I have some of the old books on my shelf! The majority of truthers when presented with the facts…will walk towards the light. And one of the reasons everybody keeps rehashing the old myths is they are in a hurry to wake the masses..and we are lazy in doing the homework. My dream is the masses donate to someone like you to produce teaching videos ….but alas just a dream. terry


  5. Clint,
    As the author of one of the supplied links in your well-written/researched article, I am compelled to share this with you regarding martial law…

    No emergency has just cause to suppress/suspend the Constitution – only the PEOPLE can consent which will then enforce the suppression/suspension of the Constitution.

    16 American Jurisprudence 2d Sec 98
    “While an emergency can not create power and no emergency justifies the violation of any of the provisions of the United States Constitution or States Constitutions. Public emergency such as economic depression for especially liberal construction of constitutional powers and it has been declared that because of national emergency, it is the policy of the courts of times of national peril, so liberally to construed the special powers vested in the chief executive as to sustain an effectuate the purpose there of, and to that end also more liberally to construed the constituted division and classification of the powers of the coordinate branches of the government and in so far as may not be clearly inconsistent with the constitution.”


    • I believe we are not eye to eye on the constitution, as I am a basher of said document as being the number one tool of enslavement. The constitution did not replace the Articles, and instead created the United States, not America.

      The US Constitution is a corporate charter, nothing more. And after reading the constitution, I find that there is nothing in it that binds government in any way, nor is there anything inconsistent with that horrible document. It can be amended, and therefore it is not organic.

      Besides, if its suspended under war powers, this is all a mute point anyway!

      Love ya, April!!!


      • I subscribe to the Real Constitution (the one with the original 13th Amendment regarding Titles of Nobility, which I have the EVIDENCE of Congressional Records that prove it was in fact ratified).

        I disagree that the Const created the United States….
        Articles of Confederation” PREAMBLE:
        Whereas the Delegates of the United States of america, in Congress assembled” … “of the Independence of America, agree to certain articles of Confederation and perpetual Union between the States..”

        “Article I. The Stile of this confederacy shall be “The United States of America.”.”

        “Article II. Each state retains its sovereignty, freedom, and independence, and every Power, Jurisdiction and right, which is not by this confederation expressly delegated to the United States, in Congress assembled.”

        –> United States appears 7 times in the Articles of Confed ;o)

        All of the states were CHARTERS of the King.
        Fact is, before there were any states in america, and after states were created, and after the Revolutionary War, it was common practice for govts to form corporations to handle the biz of government, and records were kept so others knew how much was paid to have roads/buildings built, etc. (Sounds a lot like CAFR’s to me).

        Since I have the Right of Self-Determination, I have the right to choose by what I am governed (which includes self-governing). I have the Right to withdraw my consent of being governed as well. For me personally, my current challenge is ENFORCING my Rights over statutes, rules, regulations, etc … but I’m getting there ❤

        Love ya right back Clint!


        • Correction:
          –> United States appears 56 times in the Articles of Confed

          Not sure how “7” appeared above lol


        • Notice the vast difference between a confederacy and a constitution below. They are totally different. The articles were nothing but an agreement of mutual protection. Whereas the constitution is a debt contract.

          Also, there was no “United States” corporation until the constitution created it (Washington D.C. the “district”), and we know this simple because there was no president of that corporation until Washington after the constitution (charter of the corporation). The reference to “the united states of America” was a reference to each state individually united for the protection of the other. The “law of the land” of the constitution is not the land in Utah, it is the land only in Washington D.C, but is also the “jurisdiction” for which the “citizens” agree to be “resident” in as “registered” voters and property owners.

          The “United States” was created with the constitution OUTSIDE of the “confederation and perpetual union between the States” (which was nothing but an agreement) – the United States born in the 10 miles square that is not one of the united states (i.e. the constitution created a corporation called the UNITED STATES).

          The distinction is paramount…

          Bouvier’s Law Dictionary states:

          CONFEDERACY, intern. law. An agreement between two or more states or nations, by which they unite for their mutual protection and good. This term is applied to such agreement between two independent nations, but it is used to signify the union of different states of the same nation, as the confederacy of the states.

          2. The original thirteen states, in 1781, adopted for their federal government the “Articles of confederation and perpetual union between the States,” which continued in force until the present constitution of the United States went into full operation, on the 30th day of April, 1789, when president Washington was sworn into office. Vide 1 Story on the Const. B. 2, c. 3 and 4.

          CONSTITUTION,, government. The fundamental law of the state, containing the principles upon which the government is founded, and regulating the divisions of the sovereign powers, directing to what persons each of these powers is to be confided, and the, manner it is to be exercised as, the Constitution of the United States. See Story on the Constitution; Rawle on the Const.

          2. The words constitution and government (q. v.) are sometimes employed to express the same idea, the manner in which sovereignty is exercised in each state. Constitution is also the name of the instrument containing the fundamental laws of the state.

          3. By constitution, the civilians, and, from them, the common law writers, mean some particular law; as the constitutions of the emperors contained in the Code.

          CONSTITUTION, contracts. The constitution of a contract, is the making of the contract as, the written constitution of a debt. 1 Bell’s Com. 332, 5th ed.

          Also, the states were forced to accept the constitution. Another bid difference.


          • Remember the Const was created to make a “more perfect union.”

            I use Blacks Law 2nd Edition:

            CONFEDERATION. A league or compact
            for mutual support, particularly of
            princes, nations, or states. Such was the
            colonial government during the Revolution.
            —Articles of Confederation. The name
            of the instrument embodying the compact made
            between the thirteen original states of the Union,
            before the adoption of the present constitution.

            CONSTITUTION. The written instrument
            agreed upon by the people of the Union
            or of a particular state, as the absolute
            rule of action and decision for all departments
            and officers of the government in respect
            to all the points covered by it, which
            must control until it shall be changed by the
            authority which established it, and in opposition
            to which any act or ordinance of any
            such department or officer is null and void.
            Cooley, Const Llm. 3.

            COMPACT. An agreement or contract.
            Usually applied to conventions between nations
            or sovereign states.
            A compact is a mutual consent of parties
            concerned respecting some property or right
            that is the object of the stipulation, or something
            that is to be done or forborne.
            Chesapeake & O. Canal Co. v. Baltimore & O. R.
            Co., 4 Gill & J. (Md.) 1.

            The terms “compact” and “contract” are
            synonymous. Green v. Biddle, 8 Wheat 1,
            92, 5 L. Ed. 547.

            We must remember that the smallest minority IS the individual.


            • And while we may disagree on this point, it certainly does NOT affect the Fact that YOUR Due Diligence is a benefit for all because it PROVES this is something they should be doing for themselves ;o)


            • A compact between parties…

              The parties who signed the compact.

              That was not me!


  6. Dan

     /  September 19, 2012

    I think the main thing to remember should focus on Clint’s last point. No currently living person signed any of these documents. And furthermore, even that does not bind you to anything because it is simply a bunch of ideas and concepts written down on a piece of paper and signed by two or more people. To put any more stock into it than that is really, really dumb.

    The constitution is a piece of paper the same as the magna carta is a piece of paper. It holds no special powers nor do the people who signed it hold any special powers. Nor do the people who are “forced” to abide by it hold any special powers. We each control ourself and ourselves only. NOTHING, especially not pieces of paper, can change that. We can’t give any more meaning to the document because what that actually means is that we are giving power to the writers and signers of said document. As any stateless society advocate will tell you, that’s what got us into this mess in the first place.

    Clint I strongly admire your work and the likes of Jan and Brett Vainotte but I urge all of us, myself included, to remember that the only power anyone holds is the power over themselves. The only way to relinquish that power is to freely give that power to words, documents or people. Words only have power when you freely decide to give them that power. Truth will prevail.

    Liked by 1 person

  7. Tail-Gunner

     /  October 21, 2012

    All I know is the Senate is supposed to regulate the monetary system, they aren’t doing it.
    The bankster people don’t hesitate to purger themselves.
    Government has protected them from justice, there is no honor because they break their oath..

    Things are lawless, because nobody follows the law at the top. If there’s nobody who won’t purger themselve in government, then how long before there’s nobody who won’t purger themself as a sheeple?

    You get all on us for getting our facts wrong, but it’s what we were TAUGHT all our lives now turned upside down that has us hung up. It’s not just one thing, it’s EVERYTHING!

    You don’t mention things like your local city council being a member of ICLEI (the UN)

    You can state all the facts in history you want, it won’t change the fact our country is run by a bunch of oath breaking, thieving, murdering psychopaths, and we are deceived and cheated by media, rigged electronic based elections, the electoral college, and the scumbags running our elections with this HAVA nonsense.


    • Again, ICLEI is not the subject of this post. I have certainly written and done radio on ICLEI. Sorry I can’t mention every facet of corruption in one single post. They are already long enough, so I’m told!


  8. Tail-Gunner

     /  October 21, 2012

    Oh yeah and DHS too. How can the US Constitution and the DHS co exist? They can’t, where ever they cross, they are the opposite!

    So I suggest this is a bit more about a coup take over as opposed to getting long forgotten historic facts validated. You can redefine and call it what you want, I’m a simple man, and I can’t read all this legal mumbojumbo anymore, I have common sense, and it tells me the math behind the debt to gdp is going to ruin everyone’s day. And yet they’ll be happy to close all my cannabis co-op’s, putting patients (their health plan and pharmacy) into prison, and using derogatory slang like pot shop in the media while banksters like corzoine and their government enablers are free and never discussed seriously.

    How about the 30000 drones vs outdoor grow op’s?

    How about the hollow point (e.g. made for killing and badly damaging people not target practice type) bullets the DHS bought? Oh that’s right they are covering that up too.
    Fema camps?

    Fema Coffins?

    Spying on all communications 100%?

    Free speech zones?

    None of this fits into my Grade School Learned Constitution. It does fit into the history of nazi germany though if I recall.

    Look I am not saying you are not right about your facts. I’m saying their doing bad stuff and getting away with it, while blaming all the sheeple for being whatever witch hunt de-jour like the MIAC report. . You already know about CAFR. That’s like never discussed either. Or the discussion goes nowhere like that News 10 piece.

    You aren’t tying in things together and connecting the dots, like over at where such vocabulary has words like AIPAC, PNAC, CFR, NATO, UN, ICLEI, etc…

    I am just saying. You can’t fight these unaccountable people without a lot of resources. It could be the lies are now so thick, there is no alternative but civil war and upholding the constitution vs agenda 21 and the psychopath’s eugenics and murder and resource stealing.

    THey are CRASHING our monetary system!


    • FYI… my blog tackles specific subjects. AIPAC may not be a part of this research, but is elsewhere. Reading just this entry and stating I don’t tie things together is not correct. To get the full picture of what I am presenting, you would need to read this more like a journal, in order of past posts. Not ideal, but there isn’t anyone asking me to publish all of this in a book. So it is what it is.

      I hope you find what you need here regardless.



  9. Tail-Gunner

     /  October 21, 2012

    Also you basically argue the IRS is legit. Okay, great. But there is a problem…

    When banksters are stealing trillions in derivitaves and crashing the USD by debt to gdp and not punished, why should the small guy go to jail over a stolen consumable at a convenience store?

    Also, jury nullification. So it exists, but we can’t talk about it? what is this nonsense? Judges won’t let jurrors hear it, and they arrest people passing out literature to educated people. What the hell is that if not domestic terrorism by a police state?

    I’ll still pay my taxes, but frankly it feels like I shouldn’t have to.


  10. Tail-Gunner

     /  October 21, 2012

    The oath is a serious thing, as a veteran, I took an oath to protect the president and the US Constitution.

    In my opinion the last two presidents broke their oath.
    Meanwhile the constitution is nullified from crossing the path with the DHS

    We have a supreme court who mandates we have to buy a widget.

    I can’t seriously vote for candidates who are known criminals, or continued enemies of the US constitution, it would be BREAKING MY MILITARY OATH TO VOTE FOR OBAMA OR ROMNEY.

    Regarding the perception of the US Constitution. Since I was a military guy I had to CARRY my oath with me, so the constitution I knew growing up was burned into MY head, right or wrong, it’s what I carried with me. They can change the thing all they want on paper, my MIND doesn’t get the update.

    I hope you can comprehend this concept, as it is important as hell to understand it in light of what you have presented here.

    Especially if you have veterans with the same constitution burned into their mind and carried with them. Add in some health problems like war wounds or other horrid things and the update to the image engrained in the mind will be even slower to update or impossible even after death.

    For me, I know right and wrong based on such images in my mind, the stuff I see now it doesn’t matter if it’s legal on paper, always in my mind, even after death I will see it as domestic terrorism by an oath breaking police state. Meanwhile they call me the terrorist for pointing it out.


  11. Tail-Gunner

     /  October 21, 2012

    The worst possible thing has settled in and occupied our government.



  12. Don sanders

     /  January 18, 2013

    I am basically a Joe six pack kind of guy. I do read a great deal and think even more. It is clear to me I am amidst a group of individuals far more intelligent than I when I post. I am left with a sense of respect and not intimidation. I prefer to associate with individuals more intelligent than myself as it provides me with a steeper learning curve.
    The answers to my questions may well be in the web site, which I have read most of and I simply missed or failed to grasp them. Please help me.
    Why do we need a federal reserve? Why cant we print our own money and not pay interest on what we print. As it is now who is the interest paid to and why. Is the money they print for us backed by something? If so then by what and from whom?
    The fractional money system as I understand it means the bank can loan more than it has in assets. This invites a bank run.
    You say the government has the money. Who is this government being? Where does this being keep the money? You say the fed is regulated yet I see Bernanke telling congress what the fed is going to do not the other way around. Is it true when the fed prints more money it creates inflation. If so how can this be? It is insanity. More really means less. This means Americans should trade their money as soon as they get for a more stable currency. If they hold on to it they will loose money due to inflation.
    I am told our country did not have a debt when it did not have a fed reserve. Is this true?
    Why did Kennedy and Jackson and others try to abolish the fed reserve or its equivalent?
    In your opinion were they assassinated because they tried to abolish the fed? Others I am told also tried and died to abolish the fed.
    Do we still owe England money from loans made in the colonial days? Is it true income tax is paid to England?
    All presidents and apparently many in Hollywood, the media, and other famous people are largely related to the royal families. If this is true what is the connection. If America is a corporation, who owns the corporation? Who did we file bankruptcy with and why was it not discharged.?
    I understand answers to these questions can probably be found in congressional records old treaties and presidential orders. Unless you have a copy of blacks dictionary of law stuck up your butt when you read them, you wont understand what they really mean anyway.


    • Hmmm…

      You sound smarter than you let on, based on your intelligent questions… I have found that the best way to troll is to ask many questions for which you already know the answers, taking me a half day to answer them all, and taking up all of my time for a “comment”. This may or may not be your disposition.

      My answer: Please read the entirety of this research, and the full content of my blog, and then ask me the questions that aren’t answered there. Then attempt to research these answers for yourself, as the hardest part is obtaining the right questions, not so much the right answers, and you have done this.

      Thanks – be you sincere or not



      • Don sanders

         /  January 18, 2013

        Lol, fair enough. I do not trust my objectivity when evaluating myself. I really have read alot all of my life. I think for entertainment. I have had since childhood sought answers to question without answers and second a desire to understand why people do what they do. I do not know the answers to the questions i asked. Well i thought I did. your blog indicates the answers I had were disinformation. in fact if your comments regarding the rothschilds is correct then that changes a great many things. aside from slamming a semi into the apple cart of my understanding of how things work, it brings into question the credibility of the sources from which i drew my conclusions. Which is fine if that is the case. Each time I am proven wrong on something I am closer to being right by half. l will continue to look for answers, thankyou for responding so quickly to my comment.


        • I have searched heavily to verify the “sources” for all of the propaganda about the Federal Reserve, to verify the “Creature” that is. I just can’t find it. Thus, I went to the primary sources, as I have for a long time now. Second hand books and hearsay are not welcome here. And I’d like to think I provide absolutely credible sources for all of my writing.

          But most of all I don’t get paid for it or sell it or anything along with it. I feel this is where my credibility shines. And I just ask others to share it… and provide sources that disprove me if I am wrong.

          If that sounds like the kind of information that you are looking for, then read away. Sorry there are no advertisements like you are used to!!!

          By the way, I have found that it is the answers that are obvious (i.e. something is very wrong), but that most of the time it is the questions that elude us, because we don’t search for the structure of the equation, of which the questions are equally important as their answers. Without the foundational knowledge, we cannot ask the correct questions…

          With the Federal Reserve, the question isn’t whether or not it is an independent agency of government, the question is what is an independent agency of government? The answer then becomes clear – the Fed is part of government, created by government, regulated by government, and can be ended at any time by government. This can be applied to any independent agency of government. They all make their own rules, as allowed by congress, but are all bound by the laws of congress. I only ask that you or anyone else prove me wrong. So far, no one has, and they attack the messenger instead of admiting the truth – a truth that has been ingrained in them by years of Alex Jones, Ron Paul, and other psy-op con-patriots. I stand by my research and would be happy to debate anyone on this any time…

          Here’s a list:



          • Don sanders

             /  January 19, 2013

            Betrayal is a tragedy second to few in its capacity to bring devastation. The gift of trust in another incurs the risk of betrayal. With out trust there is only isolation. I choose to take the risk with care.
            I am not surprised in the least you have been unable to define this creature. We will not likely have the complete answer about the fed or any thing else handed to us. Even if it were so, how would we know for sure it was true.
            Answers are knowledge. The understanding gained by achieving those answers is wisdom. “Answers are the end of a journey, wisdom leads to the beginning of the next” myself 1997.
            I read the comments and some were scathing. I see there frustration, fear, and anger. People are starting to wake up to the realization they have been lied to all of their lives and they sense danger; rightly so in my view. They want answers, everywhere they look they find errors, a lack of data, real or perceived, intentional disinformation, and cons of all sorts. That angst will manifest from time to time in comments such as we see. I doubt any of it was personal and if any is it is likely a troll or an idiot seeking to undermine your credibility and resolve for what ever reason. Do your best, that is enough. I for one am grateful that you do what you do.
            I have tried to alert family and friends of what I perceive as a threat. I encourage them to research these things for themselves and draw their own conclusions. My reward so far has been rejection, shunning, and resentment. Whistle blowers are generally not liked or listened too. Its goes with the territory. Your defensiveness is understandable but unwarranted. You can not save them. What they conclude or decide is not your responsibility it is theirs as is accountability.
            Yes discovering something is wrong is the first and most often overlooked step. Often even when the indication something is wrong occurs it will still not be accepted. I always try to seek the source; one problem can have infinite symptoms. All too often we are distracted by the symptoms and fail to seek the source. One can get lost in details in route to the source. Details are like a strong spice and should be indulged in sparingly only as necessary to validate along the way to the source.
            Once the source is reached another interesting thing happens, the big picture unfolds, it is rather like algebra, simplify to narrow the variables. With the big picture we work with large pieces and we are more able to see the patterns of how things work. Then we learn the mechanism, the methodology of the problem. We can then more easily learn the motive. From the source we back track with more attention to detail, as we will then be in a better position to determine what details are relevant to our goals. From this view point and path it is much easier to detect errors in our own thinking and others and to detect deception.
            When it comes to deception, lol. If you want to see how the magician does his tricks, do not watch the show, rather watch the other hand. Alex Jones and his ilk are the show.
            The most effective lies contain the most truth. So even from such as Jones we can learn much. The trick of course is separating the shrooms from the turds; just another reason to seek the source.
            The brain is like a muscle the more you use it the stronger and more agile it becomes. Food for thought is data. The nice thing about this is you can feed your brain as much food as you like it won’t get fat. Our brains like the brains of all living things work with patterns. The more data you feed your brain the better it can aid you in finding the patterns you seek. I have found data needs time to season. Your brain works on such things if you deem it important even while your active mind is engaged in other things. I believe this to be largely the source of what we call epiphanies.
            Overall it’s about attitude, when I initially discovered this mess I was deep in despair. I am more comfortable with it now and have regained my lust for knowledge and wisdom. Now once again I rejoice in the search for answers, no matter how frightening those answers may be. Each new obstacle simply serves to make inevitable victory more satisfying.
            Your reasoning’s regarding independent agencies is clearly your effort to seek the source. Obviously that issue is a function of a deeper underlying source problem. My question is; are you headed for the source of the problem or backtracking from it. If backtracking from it then please share with me what you consider the source to be.
            At this point my perception of the source lies with several players.
            The crown temple, the royal family, the pope, and the black pope; aside from characteristics unique to each they appear to be about equal in power and authority. Arguably the black pope is the true power behind the papacy, I can not be sure. I do not know which is the leader, or if there is another player in the shadows even more powerful than they pulling the strings. What are your thoughts?
            To a great extent I consider the congress, senate, and the presidency to be ineffectual. The same is true with the fed. None of them control anything significant, not even themselves. They are free to do what they wish with items that fall below the concerns of their masters and these things can be monumental to us, but in the big picture mean little.
            This example I believe will make my point. Trying to figure out the nature of the game they play will be next to impossible unless we know who is actually calling the shots and the motives behind the shots called. To do this we need the source and the big picture view. Then we will be far more able to ignore the endless minutia these clowns obfuscates there machinations with and extract only relevant details with much more success and effect.


          • Peter Klimon

             /  January 19, 2013


            I think sometimes you spend too much time on the details and overlook what is actually fact. Yes the government created the Federal Reserve but it is irrelevant because we all know that Congress would never kill the golden goose that gives them all the money they want without having to raise taxes. We also know that the Fed was put in motion via a conspiracy of government and banking individuals. Without their personal involvement I doubt seriously that the Fed would exist today. I really could care less if others like Alex Jones or Ron Paul miss the mark on some of the details. They at least the bring the discussion to the table where otherwise it would languish in the back rooms of political intrigue. We have distinguished gentleman such as yourself who can educate us on the details…. 🙂

            With all due respect I think Alex and Ron Paul have done far more to bring this to public awareness than all of the accurate research you have posted on this excellent blog. I have come to learn over the years that the vast majority of people do not give a hoot about the details. Sometimes they need others who can synthesize all the details into plain language used by everyday Americans. I would suggest that for your efforts there are very few persons who are even aware this blog exists. You can rant all you want “but the proof is in the pudding”!

            Please do not take this as criticism of your work. I am only trying to emphasize which tactic is actually working. This in no way denigrates the excellent research you have provided to the public. I truly wish it would be the other way around but unfortunately the American people for now do not care about the details….

            Villa park, IL


          • Don sanders

             /  January 19, 2013

            Response to Peter Klimon

            Regarding details I expressed my opinion in an earlier post. I agree with much you have said, in particular the disinterest of the public. It is ever that way. Mans history is sprinkled with misery and destruction with a handful as its source. There are many aspects to this problem. Education, nutrition, and general health these directly affect the brain. Our history is revised as it happens and revised as needed by those in power as time goes on. We have little hope of learning anything from history without a concerted effort to dig up what really happened, even then its hit and miss. We are drugged; our food supply is just short of lethal in terms of the contaminants introduced into to it by manufactures. The media in all of its forms is largely nothing more than brainwashing and propaganda, misinformation and distraction to keep people involved in dead end entertainment and thought processes, the few capable of original thought at this point.
            Beyond that by no means complete list of ailments we have human nature. So long as the belly is full, the mind distracted and no clear and obvious threats present people will sit on their ass and do nothing.
            Those few who do have a sense of initiative are so busy trying to make ends meet spend time with their families and occasionally find time to pursue happiness are in no mood for the tedious work of trying to read the hand writing on the wall.
            It is the proverbial vicious circle. This is why dictators are so successful. It has been the same jingle of misery and destruction for thousands of years.
            So what is the point? I find it interesting to try and figure out what these scumbags are up to. It is also important as it is a good thing to know when to duck or get out of dodge. Also never underestimate the power of word of mouth. Just one can with luck set into motion a geometric progression of understanding. It has happened many times and is likely the greatest fear of any dictator. The rancher has the ability to slaughter his herd anytime he wishes, but not even he can survive a stampede.
            Alex Jones and Ron Paul. On the surface it appears they provide a valuable service to the public and are hero’s in there own right. It took me a long time to figure this game out.
            At a guess I would estimate about 1% of the population (3.5 million) actually make it to the Alex Jones level of awareness. We can quibble over numbers but would be pointless to do so. That is what people like Alex Jones and Ron Paul are there fore; to keep it at that level. Alex and probably to a greater extent Ron know who the big players are but you will never hear them talk about it. It’s always a rehash of the same crap over and over and always at the same level. Sure they will necessarily draw a few more off the fence but they will fall in with the next heard following Alex and the rest. Consider what they say, think it though and I believe you will find it really does not lead anywhere.
            For example, the suggestion people store food, equipment, and things for security. A really good idea by the way as freeze dried food of good quality can last up to 50 years on the shelf, equipment even longer. Disasters man made and natural can occur at anytime. We have been lucky so far. All disasters have certain things in common. The severity of any disaster is measured by how well prepared you are. You will always need food, energy, medical supplies, shelter, security, and entertainment. Mans greatest enemy is his own arrogance; his second greatest enemy is boredom. Having several decks of water proof playing cards and other simple games like back gammon and chess, etc would be a very good idea. Food for five years. All of this is essentially a one time purchase. Insurance you can eat and use, has intrinsic value, and you don’t have to wait for and hope for a check from some corporation you were a fool to trust in the first place.
            Anyway the problem with Alex and their ilk is they either suggest you keep this stuff at home or suggest nothing. The first place brigands, black water or federal troops will come to is your house. They will steal or confiscate your goods, depending on which one knocks on your door first.
            Alex, Ron and the gang provide a needed outlet for the cattle that stray from the heard. Provides them with a sense they are in the know, are doing something, hope, entertainment, a sense of camaraderie and elitenes and all sorts of warm and fuzzy sensations all of which are basically useless at best, self destructive at worst. You can learn much from these guys and I have. Learn what they have to offer and MOVE ON. The last part is that which the majority fails to do. In my by no means complete list of the benefits Alex, Ron and the gang provide for the minions of the elite, is a wonderful data base of names, addresses, threat classification, and so on for many of the cattle that have strayed. These names will appear on prioritized list for disposition when the poo hits the fan. Sites like this and all of the others of course contribute to those data bases. Cost of doing business I am afraid.
            Ron and others like him are a special case. He has access to insider info. If he wanted to he could really rattle some cages. He won’t and I don’t blame him.
            The elite assassinate presidents, popes, world leaders and routinely decimate populations of countries everywhere on the globe foolish or unlucky enough to get in there way. Do you really think they would be squeamish about removing Ron, Alex, you, or me if we were in some way a threat to them or their agenda?
            The geometric progression potential, knowing when to run, duck, or hide; these are you incentives for seeking the real story. It’s all about balls, attitude, thinking for your self, preparation, and luck.
            Bear in mind, things will happen when they want them to, might be tomorrow, a year, a hundred years so it does no good to dwell in gloom. Devise an escape route, a quite and secluded place to hide, or what ever preps you deem best and practical. That is all you can do and it works for any disaster. Again it’s a one time purchase, planning and thinking cost nothing.
            Fortune favors the prepared man.
            Above all do your best not to break the law until the time comes when there is no law. Jack be nimble Jack be quick, Think fast or you will get the stick. Good luck.


  13. Don sanders

     /  January 18, 2013

    btw I am not complaining about anything. I appreciate the work you have done. I do not rule out the possibility you are puttiing out disinformation but i apply that rule to all web sites and any media. On balance I have a sense you are legit. I will continue to read more of your post.
    Thanks again for the web site.


  14. Don sanders

     /  January 19, 2013

    i appologize for the double post. I am still very new to this blogging thing and often make mistakes. i posted on the charity page by accident. great discussion here. This is a great blog site. to bad it does not reach more. good job.


  15. A century passed by, and not one person dared to read the history of Federal reserve

    no one was brave enough to walk into the nearby library and read the record

    legislative history of central banking in the United States:

    legislative history of greenbacks:


  16. Kevin

     /  July 13, 2014

    So bare with me

    That should be “bear” with me. As in bearing a burden, not as in divesting oneself of one’s clothes, or like Old Mother Hubbard’s cupboard.


  17. RichS63

     /  April 17, 2016

    Okay if what you say is true then why did JFK order the US Treasury to start printing notes backed with silver in Executive Order 11110. If the fed isn’t a Rothchild bank like the Bank of England why do we use T- Bills? This whole business of banks producing “funny money” prior to the federal reserve is the biggest research fail I’ve ever seen. What caused the Revolutionary War? Tea Tax? Taxation without Representation? That’s what they teach in school but it is a stinking pile of bovine manure. King George III yielded to the Bank of England and outlawed colonial script. Money from the bank of England was just like that from the Federal Reserve. It comes laden with an interest charge. In a year the once prosperous colonies had businesses closing and folks begging in the streets. In 1775 despair became desperation and in 1776 America was born. Then there are statements made by members of congress on the House floor. The fed has been referred to as, “one of the most corrupt institutions the world has ever seen.” Henry Ford claimed that if the masses understood the true nature of money and finance there would be a revolution before tomorrow morning.

    Finally and most importantly you can’t begin to claim the fed didn’t cause the stock market crash and the great depression. The stock market crashed based on a new type of loan called a margin loan. The only catch to it was it could be called in at any time and had to be paid within twenty four hours. This was almost always done by selling the stock in the margin loan purchased. The banks called in the loans and the markets crashed. They could have easily reduced the burden of the average person by putting more money into circulation. Instead they pulled money out of circulation increasing the effects of the depression. This allowed the owners to buy up banks and corporations for almost nothing. I’ve watched people from the Federal Reserve testifying before congress outright refuse to answer questions. That isn’t something an agency of government has a choice about. While I like the article on government being in debt to itself through the purchase of stock in banks I think this article is grossly inaccurate and I don’t believe it is by accident.


    • I cannot defeat your belief system. If you choose to believe that congress has no power of that which it created then There is nothing I can do for you. The congress created the legislation that allows the FED to not answer questions. And so if you choose to believe that congress is helpless before the FED then more power to you. If you can’t see collusion when it’s right in front of your eyes, and instead choose to believe what the media shows you as “competition” between government agencies and branches, then go right ahead. I think your main disconnect is that “money” is anything but patented script of a corporation. You think its free-circulating and that you have some say in another’s property. You probably think that the money in your pocket is actually yours! And you think depressions are what… random? Roosevelt said it best when he affirmed that whatever happens in government is planned that way. It’s not your system, and you are not a party to it or its constitution. Until you find your place, your public status, you will never figure any of this out. And until you see that all history is false, your future will be controlled by its creators.



  18. This is a nice academic article which repeats the official version of history without looking at what actually happened. In fact Paul Warburg was a Rothschild minion who came over from Europe and was primary in creating Federal Reserve Act along with American stooges. Look it up. In fact Alan Greenspan often went to the Rothschild Bank of International Settlements to get private briefings and commands because it was too sensitive for phone or fax or email. In fact Bernanke refused to give details of fFED accounting to several congress persons, repeatedly. You will not understand history by studying the rules, which you think are some kind of proof, you will only understand history by studying the actions and the pay offs. Brother Clint has never studied Rothschilds. Clint, do you know who Jacob Schiff was? Do you know who controls Rockefellers? Do you know how Woodrow Wilson was black mailed? Read my book, Lipstick and War Crimes Vol 2. It is non-profit. I won’t make a dime.


    • I know that blaming others isn’t a solution to our own problems.

      You misread my words. And you state the obvious… of course its a family affair. Nothing should surprise anyone about the bloodline getting together as they do all the time openly to discuss and plan world events and industry. You must still believe in the “history” of independence from these nations of cousins.


  19. A note on realityblogger post April 27, 2016 … I see that you feel all history is false. We agree. You have done your research and I have done mine. We both understand history is a mask. Please study the key words I gave you on last comment. Take care, Ray


  20. Freereel

     /  November 23, 2016

    This is ridiculous. You claim that the Fed is just like the Post Office and you claim it’s a “strange notion” or a “legend” that “bankers own some fictitious stock in the Federal reserve.” You claim that these “myths about the legend are simply not true.”

    But in fact your own article, quoting from the legislation regarding the Fed, demonstrates that bankers DO own stock in the Federal reserve.

    “Every national banking association…shall be required…to subscribe to the capital stock of such Federal reserve bank in a sum equal to six per centum of the paid-up capital stock and surplus of such bank….

    “…The stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank…”

    So the banks own it, with big banks owning more than small banks, and they get a very attractive cumulative dividend of 6% before the government gets anything.

    The fact that the legislation “forced” the banks to purchase ownership in the Fed and get a perpetual payout from it does not invalidate their ownership or the payout. In fact, the “forcing” was great for the banks, because it made it illegal for any independent bank to compete with the federal reserve system.

    Did you seriously somehow miss the fact that the banks have ownership stakes in and payouts from the Fed? Even though the passages you exerpted from the law make that clear? Or were you deliberately trying to mislead?


    • Like many, out there, you read what you want to hear and disregard what you don’t.

      I let the Federal Reserve speak for itself…

      Who owns the Federal Reserve?

      The Federal Reserve System is not “owned” by anyone. Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest.

      The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. This central banking “system” has three important features: (1) a central governing board–the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.

      The Board of Governors in Washington, D.C., is an agency of the federal government. The Board–appointed by the President and confirmed by the Senate–provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. In addition, though the Congress sets the goals for monetary policy, decisions of the Board–and the Fed’s monetary policy-setting body, the Federal Open Market Committe–about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.

      Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District’s Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.


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