Wednesday, May 13, 2009

The Federal Reserve System Puts Its Own Spin On The Federal Reserve Note In An Effort To Continue Its Deception Of The American People

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Franklin D. Roosevelt & The Federal Reserve Loot Fort Knox

"On April 5, (1933) Roosevelt issued Executive Order No. 6102. This was the order to confiscate everybody's gold. It commanded everybody to deliver their gold and gold certificates to the Federal Reserve bank, where they would be paid in paper money. You could keep up to $100.00 in gold, but anything above that was illegal. Gold had become a controlled substance. Possession was punishable by a fine of up to $10,000 and imprisonment for up to 10 years."

From the United States Treasury Department Website:

"Congress has specified that a Federal Reserve Bank must hold collateral equal in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and United States securities. This provides backing for the note issue. The idea was that if the Congress dissolved the Federal Reserve System, the United States would take over the notes (liabilities). This would meet the requirements of Section 411, but the government would also take over the assets, which would be of equal value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them.

Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933. The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy."

This is an admission by the U.S. Treasury that Federal Reserve Notes are essentially worthless pieces of paper. It is only the *perception that these notes are worth anything of value which allows them to be used as legal tender. A perception which is based on a complete falsehood. Moreover, the Federal Reserve System has very cleverly circulated the rumor that its printing of Federal Reserve Notes being based on nothing but thin air is an urban myth.

However, the aforementioned statement which can be found on the U.S. Treasury's Website is an admission that these notes are nothing but worthless pieces of paper. Moreover, recently, Federal Reserve Chairman, Ben Bernanke, stated that Federal Reserve Notes are based on collateral - that being "chiefly gold certificates and United States securities." However, since the U.S. Federal Government long ago went off the gold standard, it seems that these gold certificates are also based on nothing of intrinsic value. Therefore, how could the Federal Reserve Notes be worth anything?

This is yet another fraud being perpetrated by the privately held banking consortium which most Americans still believe is actually part of the U.S. Federal Government; when the Federal Reserve System is in fact a private corporation which was created based the illegal passage of the Federal Reserve Act in 1913.

This fraud has long been propagated by the U.S. Dollar's use as the global reserve currency. However, with oil producing nations like Iran and Venezuela refusing to accept the U.S. Dollar as payment for their barrels of oil, it is only a matter of time before the Dollar loses its position as the global reserve currency, which will cause a total collapse in its perceived value. I say perceived value, because the Federal Reserve Note has since 1933 not been based on anything of intrinsic value.

*As for gold certificates, how much gold is actually left in the U.S Treasury's vaults? Enough to be viable or just enough to give credibility to gold certificates as a legal instrument? For instance, what if there is a run on a bank which issues gold certificates, by depositors who panic in the wake of an economic upheaval?

In 1933 under then *President Franklin D. Roosevelt, the American people were taken off the gold standard. By 1971, so much of the gold bullion had been looted from the United States Treasury by the Federal Reserve System, that there was no longer enough gold left in the Treasury for the U.S Federal Government to conduct its business based on the gold standard, which resulted in then President Richard Nixon taking the federal government off the gold standard for good.

Given this, one must pose the following question:

Would all of the people who purchased these certificates in the present day be able to convert them to real gold bullion if they needed to? Or, as in 1933, would the American people find that their gold certificates were just as worthless as Federal Reserve Notes?

In which case what we have here is yet another egregious fraud perpetrated by the Illuminati against the American people; this time through the United States Treasury.

Taking this a step further, how can it be that gold certificates are legal instruments, yet the gold on which they are based cannot be used as legal tender? This does not make any sense, unless you realize that there is not enough gold in the United States Treasury to support all of the gold certificates being sold as legal instruments. And if this is the case (it definitely is) then the sale of these gold certificates to the American public is based on a complete fraud.

So where did most of the gold in Fort Knox go?

It was looted by the Federal Reserve System under President Franklin D. Roosevelt. A situation in which in 1933, FDR's Administration made the public's use of gold coins a crime, which resulted in their confiscation during the period.

In modern day America it is still a crime to use gold coinage as legal tender, as several citizens who've attempted to do so have found out the hard way. Yet it is perfectly legal to purchase gold certificates, on which the gold is supposedly based. Once again, this makes no sense at all.

Moreover, what can you say about a government which makes it illegal to use gold coinage (in other words real money), and legal to use counterfeited paper currency (Federal Reserve Notes or gold certificates)? This is completely illogical!

FDR & The Federal Reserve Collude To Steal American Gold

"In 1933, the U.S. dollar had a very precise definition. The government defined the dollar as 23.22 grains of gold. Since there are 480 grains to a troy ounce, this works out to about $20.67 per troy ounce.

This meant that if you had a $20 gold certificate, you could redeem it for roughly 1 troy ounce of gold. Each certificate bore this solemn statement: "This certifies that there have been deposited in the Treasury of the United States Twenty Dollars in Gold Coin payable to the bearer on demand." There are two promises here. First, the gold is there waiting for you. Second, you'll get the gold when you demand it.

So in March 1933, thousands of people decided to make the government honour its promise. They quickly found out that the government was lying.

Just two days after his inauguration, Roosevelt ordered a "bank holiday" closing all the banks in the country from Monday March 6 through Thursday March 9. He proclaimed that there was a "national emergency" caused by "heavy and unwarranted withdrawals of gold and currency" for the purpose of "hoarding." Of course, "hoarding" simply means people holding on to their own money. Roosevelt called it "hoarding" to make it seem like evil or immature behaviour. It was the typical politician's ploy of blaming the government's woes on the people's vices.

This gave the Secretary of the Treasury the power to compel every person and business in the country to relinquish their gold and accept paper currency in exchange.

On March 9, the Senate passed the Emergency Banking Act after very little debate.

The next day, Friday March 10, Roosevelt issued Executive Order No. 6073, forbidding people from sending gold overseas and forbidding banks from paying out gold.

On April 5, Roosevelt issued Executive Order No. 6102. This was the order to confiscate everybody's gold. It commanded everybody to deliver their gold and gold certificates to the Federal Reserve bank, where they would be paid in paper money. You could keep up to $100.00 in gold, but anything above that was illegal. Gold had become a controlled substance. Possession was punishable by a fine of up to $10,000 and imprisonment for up to 10 years.

Pretty good for his first week in office. But wait, there's more."

Read the rest of this article here:

FDR, Thief Of America's Gold By Patrick Chkoreff

Also see: The Creature From Jekyll Island By G. Edward Griffin

Griffin's excellent book on the Federal Reserve Fraud resulted in his profile being removed from the Wikipedia online encyclopedia. The Federal Reserve wants to keep its fraudulent operations going as long as it can. More recently, an article which Griffin wrote in regard to how the Federal Reserve is used to redistribute the wealth from the middle class to the wealthy upper class in America was also removed from the Internet. The following is a description of the article's contents.

"Before The Income Tax" By G. Edward Griffin, Describes How The Federal Income Tax Was Used To Redistribute The Wealth In The United States By Stealing It From Hard Working Americans & Giving It To Wealthy Illuminati Bankers Through An Illegal And Communist System Of Taxation

Also See: Avoid Unallocated Gold Certificates

See America From Freedom To Fascism To Learn The Truth About The Zionist Controlled Federal Reserve System:

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