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Today is
March 19, 2018
08:55 AM

What happened in 1913?

When you go to court, the charge against you will be criminal or civil. Distinctions of this sort relate to all activities of government. There are not only two faces of court activity. There are two areas of all government activity:

1.Military (that's like criminal, because in this arena government exercises criminal force over other governments without the oversight of any supervising power except God. Himself).
2.Domestic (like the civil arena in court).

Mao said “power flows from the barrel of a gun.” He should have said, “Military power flows from the barrel of a gun.” Civil, domestic power flows from the control of money.

If you hold the checkbook in your family, you are the bill payer. You decide what to buy to meet your family needs. If you are the check-signer for your business, you control your business. Others may have a voice, but you have the power.

In the years before the Federal Reserve System was set up by Congress there was a movement that objected to money power in the United States being run by politics. “Politicians should not be in control of our money” was the cry. The clever central bankers used this discontent to justify taking over the checkbook of the United States. When the “Christmas Massacre” happened in 1913 and the Federal Reserve became reality, the power over our national checkbook passed from Congress to the owners of the twelve regional Federal Reserve Banks. The so-called Federal Reserve Board was established as the Congressional ombudsman to stand between those private banks and the Congress.

Our purpose here is not to examine the clever complexities used by the central bankers to remove power from Congress. Instead, we have a simple observation. Politicians are those who serve the People in Congress. “We the People” elect which politicians will serve us in Congress, and we delegate our power to that body. We expect politicians to do what we want them to do.

We do not elect bankers.

So, when the politicians in Congress heeded the cry that authority over money creation should not be held by “politicians,” what they really were deciding is that “We the People” should lose our control over money creation.

And so we did.

-- Richard Palmquist
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