December 20, 2013
Members of Congress:
In a December 19, 2013, letter to The Honorable John A. Boehner and other Members of the 113th Congress, Jacob Lew, Treasury Secretary, is quoted, "In this (bipartisan) spirit, I am writing to urge Congress to take prompt action to protect the full faith and credit of the United States by extending the nation's borrowing authority. It is incumbent on Congress to allow Treasury to finance the spending levels established in the budget agreement as well as the commitments previously approved by Congress."
Members of the 113th Congress, Leaders of our Country: I urge you to take prompt action to protect the full faith and credit of the people of the United States by issuing the money rather than increase the unsustainable, mathematically impossible to pay, usurious, toxic, borrowed money from the private, shareholder-owned, non-transparent Federal Reserve.
Notice in the letter that Treasury Secretary is stating on record that he would like Congress to protect the United States, not the people of the United States. We the people have elected you to secure our prosperity not hinder it.
Issued currency would be of service to
the people rather than the people being a slave (stuck with the never-ending payment
of the interest) to the borrowed Federal Reserve Note that carries an impossible-to-pay-back usurious feature called interest.
In the words of Abraham Lincoln: "The Government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is in the Government's greatest creative opportunity. By the adoption of these principles the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity."
On May 23,
1933, Congressman Louis T. McFadden brought formal charges against the Board of Governors of the Federal Reserve
Bank system, the Comptroller of the Currency, and the Secretary of United States
Treasury for numerous criminal acts, including but not limited to conspiracy,
fraud, unlawful conversion, and treason. The petition for Articles of
Impeachment was thereafter referred to the Judiciary Committee and has yet to
be acted on.
Congressman McFadden's Speech
On the Federal Reserve Corporation
from several speeches made on the Floor of the House of Representatives by the
Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having
served as Chairman of the Banking and Currency Committee for more than 10
years, was the best-posted man on these matters in America and was in a
position to speak with authority of the vast ramifications of this gigantic
private credit monopoly. As Representative of a State that was among the first
to declare its freedom from foreign-money tyrants it is fitting that
Pennsylvania, the cradle of liberty, be again given the credit for producing a
son that was not afraid to hurl defiance in the face of the money-bund. Whereas
Mr. McFadden was elected to the high office on both the Democratic and
Republican tickets, there can be no accusation of partisanship lodged against
him. Because these speeches are set out in full in the Congressional Record,
they carry weight that no amount of condemnation on the part of private
individuals could hope to carry.
The Federal Reserve -- A Corrupt Institution
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the government of these United States and the people of the United States out of enough money to pay the nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the national debt several times over.
"This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
"Some people who think that the Federal Reserve Banks are United States government institutions. They are private monopolies that prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain international propaganda for the purpose of deceiving us into granting of new concessions that will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
"These twelve private-credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky's passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky's disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.