(published OEN 10/08)
by David Haase, onetime candidate for Congress
We were warned by these great men of the perils we now face.
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 that 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. ...
The modern theory of the perpetuation of debt has drenched the
earth with blood, and crushed its inhabitants under burdens ever
accumulating. -Thomas Jefferson
History records that the money changers have used every form of
abuse, intrigue, deceit, and violent means possible to maintain
their control over governments by controlling money and its
issuance. -James Madison
If
congress has the right under the Constitution to issue paper money, it
was given them to use themselves, not to be delegated to
individuals or corporations. -Andrew Jackson
The
Government should create, issue, and circulate all the currency and
credits needed to satisfy the spending power of the Government and
the buying power of consumers. 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. -Abraham Lincoln
Issue
of currency should be lodged with the government and be protected
from domination by Wall Street. We are opposed to...provisions
[which] would place our currency and credit system in private
hands. - Theodore Roosevelt 
Despite
these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act.
A few years later he wrote: I am a most unhappy man. I have
unwittingly ruined my country. A great industrial nation is
controlled by its system of credit. Our system of credit is
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 duress of a small
group of dominant men. -Woodrow Wilson
Years
later, reflecting on the major banks' control in Washington,
President Franklin Roosevelt paid this indirect praise to his
distant predecessor President Andrew Jackson, who had "killed" the
2nd Bank of the US (an earlier type of the Federal Reserve System).
After Jackson's administration the bankers' influence was
gradually restored and increased, culminating in the passage of
the Federal Reserve Act of 1913. Roosevelt knew this history.
The real truth of the matter is, as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson... -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)
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