US Federal Reserve

The earliest form of paper money was the claim-check. The first of the bankers issued claim-checks for the amount of gold and silver deposited. Claim-checks were accepted in trade at the marketplace because people knew they could redeem them for the amount stated on deposit.  

Throughout history bankers cheated and wrote fake claim-checks for which there was no gold on deposit. These fraudulent claim-checks were Fiat, an arbitrary order or decree.   Early bankers were hanged for creating fraudulent claim-checks.  The US used to abide by a gold standard as required by the constitution up until 1971when it was abolished (fiat money).    The Federal Reserve banking lawyers have updated laws such that the banks need only have paper money reserves from which a larger virtual number is created representing currency.   The banks and America constantly experience inflation.  Inflation is the creation of new currency and new money is created.   This new instant creation of money is magically placed into circulation but initially is property of the Central bankers.  Remember, they used to hang the bankers for this!    Then, to add insult to injury, they charge the people excessive interest for lent monies because inflation caused money to be worth less, but they kept the inflation to begin with!

The American Federal Reserve System is not Federal, but rather privately owned, it has no reserves (just paper) and assumed the privilege of circulating money and lending it usuriously (charging illegal or exorbitant interest rates for the use of money).   The money that the Federal Reserve owns and circulates is fiat, an arbitrary order or decree.  The Federal Reserve Act was truly unconstitutional and was created with criminal intent.

The Federal Reserve Act was enacted over December 23 of 1913.   103 congressional votes were absent for the holidays when the Federal Reserve became law.   Americans were not looking when the American dollar, along with the reins to their economy were handed to the bank families of the Federal Reserve.   Not only was the vote to enact the Federal Reserve illegal the act is also unconstitutional defying our forefather's constitution.

It was the act that replaced the American Dollar with the Federal Reserve note. It opened the gates for twelve root banks to control and usuriously profit from American citizenry. These banks are simply comprised of elite wealthy families most notably the Warburg's of Germany.

Paul Warburg was the technical author to the Federal Reserve Act and subsequently owner of the NY central bank (one of twelve). The Official Federal Reserve Board of Governors document indicates Paul M Warburg is the 2nd listed member to the Board of Governors in Aug 10 1914 and Vice Chairman until 1918. 

Following the inception of the Federal Reserve inflation began to skyrocket and by the 30's and the Federal Reserve was preparing to operate without a gold standard..   Paper money was still as good as gold and could be redeemed for gold until 1933.  In 1933 all American gold was confiscated. James Paul Warburg son of Paul Warburg  was the economic advisor for Roosevelt at the time of this decree. Roosevelt's executive order #6102 demanded COMPLETE SURRENDER OF GOLD COINS, GOLD BULLION AND GOLD CERTIFICATES still in the possession of individuals. The owners had 25 days to turn their gold into a Federal Reserve Bank. FAILURE TO COMPLY WAS PUNISHABLE BY A FINE OF $10,000 OR 10 YEARS IN PRISON OR BOTH.

It is important to note the large export of gold in 1932 (see USGS import) from the US Federal Reserve which would affect the gold standard and reduce paper currency.

Confiscated gold was purchased in 1933 by the Federal Reserve from the American people at $20.67 per ounce of gold.  Then on January 31, 1934, following Warburg's advice Roosevelt issued Presidential Proclamation #2072 increasing the value of gold from $20.67 dollars per ounce to $35 dollars per ounce.  Americans currency was devalued and they lost money as a result. At this time in American history there was still some form of a gold standard thus the Federal Reserve made millions in inflation overnight. This inflation (new money in circulation) was used by the Federal Reserve to purchase gold from other nations as seen in the USGS document below (remember the average American can't own gold at this time).  

US gold import and export data as detailed in the USGS survey below details the import and export of gold each year from the US.   For the following timeline please refer to official /span> US Geological Survey (USGS)

 191933 in Review:

- Hitler becomes Chancellor of Germany (in part due to good funding)
- All American Gold was seized.  Roosevelt's executive order #6102
- Nazi begin to seize Jewish wealth especially the gold.
- Jews begin to move wealth to the bank of Switzerland, the only nation that does not allow Jews to enter borders during WWII.

1934 in Review:

- American Federal Reserve Raw bullion imports increase 15 fold.
- Jews become enslaved under Nazi regime.
- Hitler began to use IG Farben to construct his war machine

1935-1941 in Review:

- American Federal Reserve raw gold bullion imports increase dramatically; 3,700 metric tons in 1940.
- In 1941 America begins to bomb Germany, Hitler and his Nazi regime begin losing to the US forces
- American Federal Reserve raw gold bullion imports return to normal after US bombs Germany.

The Federal Reserve had become fully rooted into the fabric of American society ever increasing its influence by setting interest rates and lending the American people their own money.  The operation of the Federal Reserve central banks and its resulting economic policies created great wealth and even greater control over the US for those families that had root ownership.  Over time the ownership was concealed ownership purchased by "member banks" and legacy bankers look to this new ownership structure as legitimizing the Federal Reserve. 

The year 1971 was to be a landmark year in monetary history. On August 15, the United States government removed gold as the foundation stone of the international monetary order and rescinded the international agreements that had defined the system.  p>

The US Federal Reserve note or dollar was totally fiat by 1971 and was now totally unconstitutional.  It was enacted over Christmas holiday with 103 votes absent.  Warburg's influence along with the Federal Reserve has resulted in American gold seizures and international blood gold imports using American dollars.  International imports were purchased by the Fed at $35 an ounce after just seizing American gold at $20.67 per ounce.  As of 1971 the Federal Reserve note was totally fiat and in contradiction with Article 1 Section 10 the Constitution.  Now the only reserves that the Federal Reserve need to maintain is paper. The American dollar is just a piece of paper, backed only by paper and it is totally FIAT. When there is inflation (as always) the new currency is instant free money for the Central Bankers.
The illegal Federal Reserve Act  gave private families most notably the Warburg's ownership and control of US currency and its inherent international influence.  The Warburg's owned and operated the largest commercial bank in Germany "MM Warburg", the Swiss bank "UBS Warburg" (now "UBS"), and the NY central bank to name just a few.  The Federal Reserve and all its national and international influence fell under the control of 12 private root banks the most powerful is the NY central bank owned by the Warburg's.