*  This video from the Ludwig von Mises Institute is a must see

                                                    

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"That is simple. In the Colonies we issue our own money. It is called Colonial Script. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers.  In this manner, creating for ourselves our own paper money, we control its purchasing power, and we have no interest to pay to no one".

"In one year, the conditions were so reversed that the era of prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed".

"The colonies would gladly have borne the little tax on tea and other matters had it not been for the poverty caused by the bad influence of English bankers on the parliament which has caused, in the colonies, hatred of England and the revolutionary war".

"The Congress shall have the power to coin money and to regulate the value thereof".

"Permit me to issue and control the money of a nation, and I care not who makes its laws."     Mayer Amschel Rothschild  
 

 

"I place economy among the first and most important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt."   ...   "I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale"  ...

"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

 

              "Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal God, I will rout you out!"

"Whosoever controls the volume of money in any country is absolute master of all industry and commerce... And when you realise that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate."    
 

Today our central bank is call ed "The Fed", or 'Federal Reserve', again a clever and intentionally misleading name.  (Similiarly the "Bank of England" is nothing of the sort, but cleverly named to instill confidence in the populace.   The bank sold shares to "private investors", the names of which were never disclosed.)  After signing the act in 1913, President Wilson said;          

"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men . We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world, no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men."

"Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it."

"the act established the most gigantic trust on earth.  When the President signs this bll, the invisible government of the monetary power will be legalized"   ...   "the greatest crime of the ages is perpetrated by this banking and currency bill."

The international bankers had created a currency panic in 1907 in order to get the American people to swallow the idea of  the 'Federal Reserve', in classic Hegelian dialectic form;   thesis plus antithesis equals synthesis. First foment a crisis. Then, in response to the ensuing public outcry, ride in on white horses, offer a solution that brings about the changes you really wanted all along, but which people would have been unwilling to accept initially.  (In this same manner the global elite convince us to give up our constitutional rights, a la the The Patriot Act ... in the name of fighting terrorists.)

In 1911, John Moody's "The Seven Men" was in McClure's Magazine.  In it he states;

 "Seven men on Wall Street now control a great share of the fundamental industry and resources of the United States. Three of the seven men, J.P. Morgan, James J. Hill, George F. Baker, head of the First National Bank of New York belong to the so-called Morgan group; four of them, John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff on the private banking firm of Kuhn, Loeb Company, to the so-called Standard Oil City Bank group...the central machine of capital extends its control over the United States...The process is not only economically logical; it is now practically automatic."     

Consider the function of the Fed.   Today's dollar is  "fiat money", meaning it is not backed by anything of value (gold) as it used to be, but it is backed only by government decree, by the "full faith and credit" of the United States government.  What are the economic effects of printing money carte blanche, ie; uninhibited by the need to have something of real value (and therefore something of limited supply...) behind the currency ?  With gold backing, there is something quantifiable behind our money, something of precise value that keeps money creation and thus economic growth in check.  Currently, getting more money is as easy as turning on the printing presses (incurring more debt...)  printing dollars by pure fiat, 'out of thin air', as it were.  Problem is, our government has to issue bonds to get those dollars.  This arrangement is great for whoever is running The Fed... whoever is recieving the bonds... but not so great for the government that issues them.   In making good on the bonds they issue, our government not only has to pay full face dollar value (on dollars that cost about 5 cents for the Fed bankers to print) but interest as well !  The US Government, (ie; you and I)  gets strapped with the bill each time the "Fed " turns on it's printing presses.  In this manner, our government  is taken to the cleaners by our own central bank.  To add insult to injury, every time new dollars are printed and the money supply increases, your income and savings are worth less.  This has been referred to as a  "stealth tax."

In lockstep, our national debt goes through the roof.  The national debt now exceeds 8 trillion dollars.  The number increases tens of thousands of dollars every second, and several billion per day.  Here is some information regarding how the national debt has increased over the decades (since 1940), as well as who we owe all that money to.  Not surprisingly, we owe more to the FED than any other source.  But how could we owe ourselves money ?  (Isn't the Fed part of our Federal government ??)  Clearly it is not..