FORT FAIRFIELD JOURNAL

                                  Real.  Educational.  News.

 Fort Fairfield Journal     About Us     Contact Us    Advertising Rates      Subscribe       Distribution       Bible Reference     Our Library

By: David Deschesne

Editor/Publisher, Fort Fairfield Journal

May 7, 2008, p. 17

The largest counterfeiting ring in the United States is the private, run for profit Federal Reserve banking cartel.

The beautiful feature about their counterfeit money is they are allowed to print paper money from nothing by Congressional authority. This paper money scheme has so watered down the U.S. currency that prices of gasoline and fuel oil, along with many other commodities such as rice and wheat have skyrocketed to compensate for the devaluation of the currency.

The U.S. Constitution allows the Congress to provide for the punishment of those who counterfeit the Securities and current coin of the United States.¹ But, it makes no mention of a private banking cabal empowered by Congress to do exactly that.

The United States Constitution only allows gold or silver coin to be used in a tender of payment of debt.^{2 T}he Constitution only grants the power to coin money to Congress³ - not a private bank - and does not authorize the use of any type of paper debt currency as money.

In 1933, Congress arbitrarily determined “to coin” also meant “to print”⁴ and subsequently devolved their power to produce money to a private banking system called the Federal Reserve.⁵ However, they did not amend the U.S. Constitution to allow for same.

The name “Federal Reserve” is a misnomer since the organization is not “Federal” and has no “reserves.” Instead, the Federal Reserve is a conglomeration of private banking firms empowered by the U.S. government to create debt-based money from nothing with a 99% profit margin.

The U.S. Bureau of Engraving and Printing actually prints the Federal Reserve Notes we commonly know as “cash.” The Federal Reserve then buys the printed notes at the cost of ink, paper and labor to print ⁶- around 5 cents per bill. Then they turn around and loan those bills back to the government at full face value, plus interest, perfecting the profit center of their counterfeit money scheme.

The reason counterfeiting was rightly shunned is because all U.S. money was originally based on a certain amount of gold or silver in existence at the U.S. Treasury or in circulation. Any securities, such as silver or gold certificates, bonds, etc. that were printed must have had an equivalent amount of precious metal to back them. When paper certificates were counterfeited, there was not a corresponding gold or silver piece on hand to back them up and when they were entered into circulation, they watered down the overall value of all other legitimate certificates and securities.

Since Congress removed gold and silver from our money system, the Federal Reserve has been doing nothing but watering down the value of the U.S. money system by continually placing more and more of their debt instrument money into circulation.

This counterfeiting scheme has resulted in the U.S. and the world becoming awash in excessive amounts of paper Federal Reserve Notes, thereby reducing their individual face value by approximately 96% of their original value. Today’s $1.00 Federal Reserve Note is only worth about 6 cents of its former value.⁷

This reduction in purchasing power has caused the prices of all products and services to rise in order to compensate for the now worth less money.

This watering down of the money system is counterfeiting, but the U.S. Congress benefits from same by being able to fund their deficits, limitless wars and welfare systems by continually printing and borrowing more and more paper - paper which the Federal Reserve banking system then gets to earn interest on.

While great pains are taken to verify whether the Federal Reserve Notes in hand are “real” or counterfeit at many national stores and banks, few stop to realize that the Federal Reserve Note itself is truly a counterfeit currency, since there is nothing of any substantive, tangible value backing it. The only true, lawful money in the United States is still gold or silver coin. All other so-called “money” in the form of cash, checks, bills, or notes is unlawful. Congress currently does mint gold and silver coins, called “Eagles” in $50.00 and $1.00 face values, respectively.

Since the police who are charged with enforcing and upholding the Constitution now work for the same government that is violating it, there is likely no chance of them ever taking the proper stand against the Federal Reserve, or affiliated banks, as the counterfeit paper money continues to stream through the U.S. economy, destroying the lives and fortunes of untold millions of Americans, plus those police officers and their families, too.

Notes:

1. U.S. Constitution, Article 1, Sec. 8, Clause 6

2. op cit., Article 1, Sec. 10, Clause 1

3. op cit., Article 1, Sec. 8, Clause 5

4. Congressional Debates on House Joint Resolution 192, May 29-June 3, 1933, pp. 4540, 4900, Senator Barkley at p. 4907; see also Monetary Policy in the United States: An Intellectual and Institutional History, Richard Timberlake, ©1993 University of Chicago Press, pp. 155, 240, 414-415.

5. House Joint Resolution 192, June 5, 1933

6. Federal Reserve Act, H.R. 7837, December 23, 1913.

7. Fort Fairfield Journal, December 5, 2007, p. 3