Know your History

A friend recently sent me an email after reviewing my first blog entry with some enlightening and thoughtful advice, here is a short excerpt:

"you wanna make attempts to stop being a "Good Dem or Good Rep" the key is being a "Good American"
 If you are truly interested in understanding, start by researching "Federal Reserve"....

The thought of not being a associated with a party was at first a ludicrous idea to me anyways, however I could not get over the verbage "Good American", essentially this is what we all should strive to be, not simply take to a party because it meets our personal agenda, but understand government and make known to the public it's flaws and work to make changes in those flaws by who we elect to represents us.


I did some digging this morning as to how the Federal Reserve came about, and to my surprise I found that the there is nothing Federal about the Federal Reserve. NO, this is not conspiracy theories, this is fact.

"In 1886, a group of millionaires purchased Jekyll Island and converted it into a winter retreat and hunting ground, the USA's most exclusive club. By 1900, the club's roster represented 1/6th of the world's wealth. Names like Astor, Vanderbilt, Morgan, Pulitzer and Gould filled the club's register. Non- members, regardless of stature, were not allowed. Dignitaries like Winston Churchill and President McKinley were refused admission.

In 1908, the year after a national money panic purportedly created by J. P. Morgan, Congress established, in 1908, a National Monetary Authority. In 1910 another, more secretive, group was formed consisting of the chiefs of major corporations and banks in this country. The group left secretly by rail from Hoboken, New Jersey, and traveled anonymously to the hunting lodge on Jekyll Island.

The meeting was so secret that none referred to the other by his last name. Why the need for secrecy? Frank Vanderlip wrote later in the Saturday Evening Post, "...it would have been fatal to Senator Aldrich's plan to have it known that he was calling on anybody from Wall Street to help him in preparing his bill...I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System."

At Jekyll Island, the true draftsman for the Federal Reserve was Paul Warburg. The plan was simple. The new central bank could not be called a central bank because America did not want one, so it had to be given a deceptive name. Ostensibly, the bank was to be controlled by Congress, but a majority of its members were to be selected by the private banks that would own its stock.

To keep the public from thinking that the Federal Reserve would be controlled from New York, a system of twelve regional banks was designed. Given the concentration of money and credit in New York, the Federal Reserve Bank of New York controlled the system, making the regional concept initially nothing but a ruse.

The board and chairman were to be selected by the President, but in the words of Colonel Edward House, the board would serve such a term as to "put them out of the power of the President." The power over the creation of money was to be taken from the people and placed in the hands of private bankers who could expand or contract credit as they felt best suited their needs." (By John Pounders, Paradigm Publishing, Copyright 1996)

If you do not find your self at loss of words like I did, then I suggest you do some more research