Documentation
Copyright July 4, 1996
- Fed Booklets - published by the various branches of the Federal Reserve System.
- ABCs of Money - by Wright Patman; from the Congressional Record.
- Bibliography - from Money Is Unreal.
- Books
- Magazines
- Newspapers
- Periodicals Miscellaneous
- Technical Books
- Publications of the Government, Learned Societies, and other Organizations.
- Addresses
- Selected Documentary Entries
- Fed Is Private: Documentation
- Constitution of the United States of America - excerpts
- Typical Exponential Curve - almost identical to the cost of living curve
The following booklets can be ordered from the Federal Reserve System to confirm statements found in the U- Letters and web pages:
Hats the Federal Reserve Wears, Federal Reserve Bank of Philadelphia, page 13
I Bet You Thought ..., Federal Reserve Bank of New York, page 12, 21.
Modern Money Mechanics, Federal Reserve Bank of Chicago, page 3, 12, 28.
Money in the Economy, Federal Reserve Bank of San Francisco, page 6, 10, 15, 17.
Putting it Simply, Federal Reserve Bank of Boston, page 17 (Create money out of nothing).
Story of Banks, Federal Reserve Bank of New York, page 4.
Click here to go back to the top of the Docs Contents.
by Wright Patman
The ABCs of Money is one of the most valuable documents in our nation's archives. In this document a House Banking Committee reports on an extensive investigation of the Federal Reserve System. The result is ten pages severely critical of the Fed, together with recommendations for improvement.
Then, in 1964, as now, 1997, those extremely valuable recommendations were not heeded. In this editor’s opinion, that report known as the ABCs of Money is very correct today. The billionaire banklords that privately own the Federal Reserve System are controlling our economy and us people at a rate increasing exponentially, several times, at least. The Federal Reserve System is neither federal nor reserve, and is probably nothing more than a federally chartered banking consortium. The Fed is privately owned and privately operated in secret for private gain, for our practical purposes. That is the essence of a ruling by the Ninth Circuit Court in San Francisco.
Another critically valuable document in our national archives is Senate Document 23, dated 1939. In that report of about 100 pages, invaluable quotes from history are recorded. Check the Bibliography in Docs for location and accessibility..
Read now what your elected officials in our House of Representatives in Congress have reported on the Fed, officially known as the Federal Reserve System.
Forest Glen Durland,
CEO and Webmaster, 1996
The Federal Reserve System threatened to "veto" President Kennedy. Also see veto power. ABCs consists of ten pages totally damning the Federal Reserve System by a House Banking Committee.
This very informative document is reprinted in Money Is Unreal starting page 199.
The original can be found in the Congressional Record, Vol 110 - Part 13, August 3, 1964, pages 17837 through 17846. The veto threat is on page 17841 in the first column near the top. It appears again on page 17846 (the last page) near the bottom of the first column.
Further Congressional documentation of the abuse of power by the banklords can be found in Lindbergh On the Fed, listed in the Bibliography.
It is much easier to order the ABCs of Money in booklet form from Peter Cook, Monetary Science Publishing, Box 86, Wickliffe, OH 44092. You will find the veto statements on pages 10 and 19 of that edition.
Most big libraries are a government repository and will have the document.
An outline by Forest Glen Durland is included here for you edification.
Outline of the 1964 Document
Speech of Hon. Wright Patman of Texas in the House of Representatives.
From the Congressional Record for Monday, August 3, 1964.
Notes by Forest Glen Durland - pages nums are for Money Is Unreal, 3rd edition.
Copyright 1995 by Forest Glen Durland.
Main headings are from the original document.
Indented entries have been inserted by Forest Glen Durland
to assist the reader in locating valuable information.
Clicking on the blue, underlined entries will take you there.
- Americans Pay $75 Billion in Gross Interest Charges
- Ignorance of Money.
- Fed Has Abused Their Power.
- Hobgoblins and Fraud.
- Private Banks Control the Fed.
- Beginnings of the Federal Reserve System
- Origin of the Powerful open Market Committee
- Bankers Take Over in the Depression
- "Fourth Branch" of the Government
- Secrecy
- Why I Oppose the Unchosen Few
- Power of Compound Interest
- Fed is Unconstitutional - meaning illegal - probably.
- Small Bankers are not Aware of the Big Scheme.
- How Monetary Policy Affects Employment
- Fed Has Veto Power
- Fed Threatened to Veto President Kennedy - 1
- How Money and credit Are Created
- Banks Cannot Exist Without Our Debt.
- Banks Cause Merger Mania.
- Fed Spends Taxpayers’ Money in Odd Ways
- Fed Does Not Cancel Bonds That We Pay In Full, but continues to charge us for them!
- Federal Reserve Officials Make International Monetary Agreements
- "Tax and Loan Account" Gimmick
- Big Bankers’ Lobby - ABA
- The ABA is Ugly. [ Does their lobby include our Congress Persons? ]
- Representative Gonzalez Refused Bribe, Booted Banker Out.
- Our Subcommittee’s Half Year of Hard Work
- There Has Never Been an Independent Audit of the Fed.
- Majority of Subcommittee’s Recommendations
- We Can No Longer Afford to Allow Private Bankers Total Freedom.
- Importance of Grassroots Support
- [ Forest and uhuh.com are pursuing most of these same grassroots objectives. ]
- The bankers keep the people uninformed and misinformed. [ It is a smoke screen. ]
- We Must Stop High Interest.
- The Banks Have a Stranglehold on America.
- Representative Gonzalez Refused Bribe, Booted Banker Out -2
- Fed Threatened to Veto Kennedy - 2
- What Each Good American Can Do to Help
Outline
2- This is the story of money.
2- Citizens can make more money available at less cost.
2- "Money is more important than any other part of our economy."
2- A small group controls our money, causing shortage, plenty, or high or low interest at their whims. This small group have taken control away from Congress.
2- "In a letter John Adams sent to Thomas Jefferson 2 years before George Washington was sworn in as President, the Massachusetts gentleman wrote: ‘All the perplexities, confusions, and distresses in America arise not from defects in their Constitution or Confederation, not from the lack of honor on virtue, so much as from their direct ignorance of the nature of coin, credit, and circulation.’
2- "The purpose of my remarks today is to show that money and monetary policy is not nearly as complex as the few who control it want the public to believe. I wish to end contemporary ignorance concerning money matters."
2- The Constitution grants Congress the right and duty to create money, but when Congress created the Federal Reserve System it farmed out that power to the Fed and commercial banks, who now possess immense power. "They are not counterfeiters - they are licensed to manufacture money" and have abused that power, in one way by charging the people too much money for money.
2- If the debt and associated interest continues it present increase [from 1964,] eventually people will not have money to spend on schools, urban and rural development, mass transit, retirement programs, etc. "The more we are taxed by the moneylenders, the less chance we have to increase our economic growth rate. Unemployment will increase. Business - both manufacturing and retail - is handicapped by high interest charges which they must inevitably pass on to the general public."
2- Under the guise of stopping inflation, the controlling few raise interest rates. "The inflation bunkum has pretty well worn itself out - people will not heed it any longer." The same "hokum" was used in reference to gold and high overseas interest rates. "Such hobgoblins have fortunately been laid to rest, but the next time you hear them remember that they are part of the designed fraud put forth by the moneylending lobby - the American Bankers Association particularly - to make higher interest rates palatable to the American people."
2- From the beginning of our country, bankers have sought to control our monetary system. Nicholas Biddle fortunately lost to Andrew Jackson. The House of Morgan, headed by John Pierpont Morgan, "... employed the kidglove, gold-cane approach to banking ... ." "Then Andrew Mellon came along in the twenties - a ruthless and corrupt politician-banker who became Secretary of the Treasury - until I nearly had him impeached for using his high office for personal gain. And more recently, there has been the Morgan-Aldrich-Rockefeller banking empire and the giant-sized Gianini Bank of America phenomenon in the West."
2- Beginning of the Federal Reserve System
2- Fed has resulted progressively in more money power in fewer hands.
2- The big banks, mostly in New York, control the Fed.
3- An amendment to the McFadden Act of 1927 put the Fed on permanent basis.
3- The Glass-Steagall Act of 1935 put the bankers in control of the Open market Committee.
3- Under Glass-Steagall Act of 1935, the President of the United States must select the Chairman of the Federal Reserve Board from seven board members. (Kennedy).
3- "Under the 1935 act the President of the United States could never get control of the monetary policy of the government he was elected to head. The Fed and the Open Market Committee could VETO whatever economic and financial policies Congress and the President desired if the few insiders so wished.
3- In the evolution of the Federal Reserve System, the New York fed bank has taken the influential control, while the other 11 banks have nearly gone out of business, with their employees desperate for something to do.
[ So private it is unconstitutional! ]
3- The Open Market Committee is called the fourth branch of government. Very powerful, it determines in secret meetings the availability of money.
3- "It is a fact that the Open Market Committee’s actions have created three depressions in the last 10 years - 1953-54, 1957-58, 1960-61. Each of these manmade recessions was preceded by tighter money and higher interest rates.
We can not afford any longer for such an expensive group to operate secretly.
There should be no secrecy - no secrecy - concerning the control of money supply, interest rates, or credit. ... There is a place for such secrecy only in an authoritarian state."
[ So secret it is unconstitutional! ]
4- "... A small coterie of men - primarily from the ranks of the big New York banks - in cahoots with the Fed - the same crowd who control the American Bankers Association - ...have upped interest charges on Government securities since the Roosevelt - Truman era and thus forced the American people to add $40 billion unnecessarily to the public debt [as of 1944.]"
4- "To show how pernicious is the effect of interest increases, one-fourth percent increase in the rate of interest on the national debt [in 1964] would cost the taxpayer approximately $800 million a year."
4- "This small but formidable group of high money, high interest rate devotees I oppose are the insiders who back up William McChesney Martin when he arrogantly pronounces how independent the Federal Reserve System is and must remain - and how wicked the politicians like myself are who want to do away with this mythical independence and instead make the Fed responsive to the President rather than to a bunch of money hucksters. These are the people who want no reform of the Federal Reserve Board. They boast about being insulated against the politicians - Congress and the President - but they do not deny working closely with the big bankers who have the most to gain by the actions."
"The fact is, an independent Federal Reserve means something that is not in the framework of our constitutional system,
which says that Congress will make the laws and the President shall execute them. Those who desire a dictatorship on money matters by a ‘bankers club’ - away from the Congress and the President - are in effect advocating another form of government alien to our own."
4- Bankers are people who know how to make loans but little about the science of money as it affects the total economy. In 1913, Congressman Graham, of Illinois, put this idea succinctly: ‘The ordinary banker devotes very little of his time to a study of financial systems. He devotes himself rather to the immediate management of his bank.’ "
Click here for more on the private ownership of the Fed.
4, 5 "A letter written by professor emeritus, Seymour E. Harris, famous Harvard economist who served as advisor to President Kennedy, printed July 16 in the Washington post says in part: ‘On no issue of economic policy has more nonsense been written than on the independence of the Federal Reserve System. And no one has proclaimed this independence more insistently than Mr. William McChesney Martin, Chairman of the Federal Reserve Board. ... We cannot afford, in these days of crisis, the luxury of the Executive going one way and the Fed another. Under President Kennedy, there were threats of restrictive monetary policy; e.g., at one point Mr. Martin would VETO the tax cut by not financing the deficit out of additional money. The Board itself gives too much attention to the wishes of the financial interests. The banks even more so. ...’ " [Reprinted on page 10.]
[Note: Galbraith has words about Harris on page 222, 232, and starting on page 273 of his Money: Whence It Came, Where It Went.]
How Money and Credit Are Created
5- Money and credit are the same thing and are created by the Fed and the commercial banks.
5- Fractional banking described.
5- The Fed "... could - if it so desired - reduce or even retire all of our publicly held national debt by providing banks with reserves. But bankers cannot exist without debt. No debt, no money.
Government paper is wonderful to have around. The clipping of coupons is profitable - and no risk exists."
5- If banks stayed in banking business, with less attention to high-interest-bearing Government securities and tax-exempt municipals, and loaned more money at more reasonable rates to independent and small businessmen, our economy could grow and the trend toward merger and monopoly would be at least retarded, if not reversed.
5- "As of [1964] the Federal Reserve holds, in its New York vaults, $34 billion worth of government bonds. The taxpayers - you and I - are paying over $1 billion a year on these securities. ... [These bonds,] ... which are bought with Government money, should either be canceled or the interest turned over to the Treasury Department. These $34 billion in bonds have been paid for once, since the Federal Reserve notes, that are printed at the Bureau of Engraving and Printing in Washington, were used to buy these bonds. Each Federal Reserve note is a Government obligation, so what the Fed has been doing - and I can think of nothing more ridiculous - is to take one form of non-interest bearing obligation, a Federal Reserve note, and trade it for another Government obligation consisting of interest-bearing Government bonds, and then require the taxpayers to continue to pay interest on the bonds traded for. It is my firm belief that since the bonds have been paid for once, they should be canceled. If permitted to remain in effect, the taxpayers should not be required to pay interest on them or the interest should at least go back into the Treasury.
5- Reserve bank employees have so little to do they create many non-banking activities to keep busy - all at taxpayer’s expense, and some quite high priced.
5- The Congressional committee that monitors the Fed is not provided expenses for overseas travel.
5- The U. S. Treasury subsidizes the banks, principally with the tax and loan account gimmick. Withholding tax is held in the banks and loaned by the banks at interest or used to buy government securities. The bank keeps the money until the government calls for it. Meantime, the national debt keeps rising. In 1963, "... an average of $5.3 billion was held by banks in tax and loan accounts throughout the nation. At 4 percent this means a cost of $212 million annually to the taxpayers. This costs the taxpayers more because the public debt is made higher by the Government’s failure to take possession immediately of tax and loan money. It is the taxpayer who has to pay the interest on the additional debt."
6- The ABA is not interested in public interest. "As ugly as any lobby in existence," it practices both direct and indirect lobbying to the full.
6- The ABA dances to the tune of the giant banks.
6- "Bankers look upon the savings and loan institutions as competition." [1964] The banks could have had some of the S&L’s mortgage business if they had made such loans instead of investing in non-risk, high interest Government securities.
6- As a matter of course, a banker offered a bribe to Henry Gonzalez, a member of a House banking committee. Gonzalez told him in plain talk to get out and stay out.
Our Subcommittee’s Half Year of Hard Work
6- The Domestic Finance Subcommittee of the Banking and Currency Committee conducted the most revealing and penetrating investigation into the Federal Reserve System that had been done to date.
6- Witnesses are discussed.
6- "... No government or independent audit has ever been made of the 12 Federal Reserve banks."
6- Ten recommendations are listed and discussed. They concern more control of the Fed by the President of the United States, less control and ownership of the Federal Reserve Banks by the bankers, a public audit, end secrecy, and follow the lead of our President and Congress.
7- "This nation can no longer afford to have a central banking system that goes its own way while ignoring the President and the Congress."
7- "If there is to be any important change made in the working of American’s monetary policy - so vital to the well-being of all if us - we have to depend upon the grassroots to demand this change. The big financial community - the banking establishment, you may call it - has been very clever while Congress has slept. While Congress has slumbered, the banking lobby - particularly the American Bankers Association and their propagandists - have seen to it that the people have remained either uniformed or misinformed on money matters.
The business community has been passive, even though it has become a prime victim of high interest rates and tight money policies. Businessmen as well as other Americans must become alert. Do not permit the money changers to increase the tremendous gross interest burden of $75 billion per annum we are already paying [in 1964.]
7- Our monetary system has allowed us to develop our wealth beyond all other nations. Think what we could have been without the problems of the high interest rates, tight money, and manmade depressions every few years.
7- Steps for improvement by grassroots:
1. Notify your Congressional representatives.2. Send for the listed publications.
[This is powerful talk from a powerful group in Congress.]
Committee on Banking and Currency
of the House of Representatives During the Years 1963-64
7- Publications are listed
7- (Steps continued)
3. Keep in touch with Congressman Wright Patman. [1964]4. Talk to intelligent people and spread the word.
5. Urge action in agreement with this report by your U. S. Representatives and Senators.
7- "Like every other American, you have a stake in seeing that the Federal Reserve no longer has a stranglehold over America’s monetary policies which makes it mandatory for you to overpay on interest charges and permits tight money to deprive America of the economic advancement she must have to take care of our growing population in an age of fantastic possibilities. With your help these possibilities can become reality."
[Click here to go back to the Prologue]
8- The Gonzalez refusing bribe story. Includes a discussion on conflict of interest by politicians independently employed.
9- Madison, Father of our Constitution, said, " ‘Our country is a democracy in a republic.’ "
9- "If this great country of ours, a democracy in a republic, ever falls, I predict that conflict of interest will be one of the principal contributing causes."
9- Gonzalez set a fine example of proper ethics.
10- Reprint of an article from Business Week, July 11, 1964: "A New Look at Money Management."
10- Refers to Business Week, July 4, 1964, p. 68. Apparently this July 4 article printed Patman’s proposals for improving the Fed. Business Week seems to basically agree with Patman.
10- Reprint of an article from Business Week, July 11, 1964: "Changing the Fed" by Seymour Harris.
10- " ‘On no issue of economic policy has more nonsense been written than on the independence of the Federal Reserve System. And no one has proclaimed this independence more insistently than Mr. William McChesney Martin, Chairman of the Federal Reserve Board. ... We cannot afford, in these days of crisis, the luxury of the Executive going one way and the Fed another. Under President Kennedy, there were threats of restrictive monetary policy; (e.g., at one point Mr. Martin would VETO the tax cut by not financing the deficit out of additional money.) The Board itself gives too much attention to the wishes of the financial interests. The banks even more so. ...’ "
10- Harris commends and agrees with Patman and his suggested changes of the Fed.
10- Reprint of an article from the Washington Post, July 14, 1964: "Monetary Guidelines".
10- Sketches Patman’s proposals. Refers to the veto power threatened by the Fed in 1962. Refers to an independent and neglected report of 1961 that contained all of Patman’s recommendations. Agrees that it is time for reform.
Click here to go back to the top of ABCs Contents.
Click here to go back to the top of the Docs Contents.
Click here to go back to the Worthy Articles Contents Page
Following is the bibliography from Money Is Unreal, source of the U-Mail letters and web pages.
"pb" for paperback, or "hb" for hardback is shown after the title to facilitate accurate page references. "Hardback" also means "cloth bound", the old term that meant a better quality book.
Aldridge, A.O. Benjamin Franklin, Philosopher & Man. hb. Philadelphia: Lippincott, 1965.
Barlett, Donald L. and James B. Steele. America: What Went Wrong? Kansas City, MO: Andrews and McNeel, 1992. C. 1992 by the authors. Graphs reveal truth of taxes favoring the rich.
Basler, Roy P, ed. Assassination and History of the Conspiracy. hb. NY: Hobbs, Dorman and Co, 1965.
Chamlee, Roy Z., jr. Lincoln’s Assassins. hb. N. Carolina: McFarland and Co. C. 1990 by Chamlee.
Carr, William Guy. Pawns in the Game. pb. Completed 1958 (page XXI.) Available from CPA Books, Monetary Science Publishing and Omni. Very revealing history of banking control with quotes. Carr documents that the billionaire banklords actually plan, instigate and finance both sides of all wars and revolutions. Also see Lindbergh.
_______________. Red Fog Over America. pb. No date. Available from CPA Books. Completes story in Pawn in the Game.
Cook, Peter, ed. A B C’s of America’s Money System. Pb. Ohio: Monetary Science Publishing, 1979. Address below.
_________.Declaration of Financial Independence. pb. Ohio: Monetary Science Publishing, 1982.
_________. Gold, the High Priest of False Hope and Confidence. pb. Ohio: Monetary Science Publishing,, 1980.
_________. Money Bible. pb. Ohio: Monetary Science Publishing, 1991.
_________. Russia’s Most Secret Weapon. pb. Ohio: Monetary Science Publishing, 1991.
_________, ed. What Banks Don't Want You To Know. pb. Ohio: Monetary Science Publishing, 1993..
Cottrell, John. Anatomy of an Assassination. Hb. NY: Funk and Wagnalls, 1966. New evidence on the Lincoln assassination.
Coughlin, Rev. Charles. Money! Questions and Answers. pb. No date of publication is given but the author was born in 1891. Available from Monetary Science Publishing. Address below. Good Franklin information on p 96, 167; Bank of England on 92, 153; War Power 166. Includes documentation.
Donovan, Frank. Autobiography and Other Writing of Benjamin Franklin. hb. NY: Dodd, Mead and Co., 1963.
_____________. Benjamin Franklin Papers. hb. c. 1963 by Donovan. Printed by Cornwall Press, NY.
Durland, Forest Glen. Age of the Mind: Installing Honesty in Society and Government. 1994. Published by the author. 14675 1/2 Big Basin Way, Saratoga, CA 95070-6081.
_________________. Economic Truths. 1996. Published by the author. The basics from Money Is Unreal.
_________________. Money Is Unreal: Blowing the Whistle on the Federal Reserve System. 1996. Published by the author.
Edison, Thomas. Thomas Edison's Famous Interview On Money. pb. Monetary Science Publications. Also contains the Ford Interviews On Muscle Shoals by Henry Ford, Sr. in 1921 concerning debt free money. Address below.
Ford, Henry, Sr. Thomas Edison's Famous Interview On Money. pb. Monetary Science Publications. Contains the Ford Interviews On Muscle Shoals. Address below. Ford stated that if we removed the power of money from the banklords that we would stop all wars.
Franklin, Benjamin. Autobiography. hb. NY: Dodd, Mead, 1963. Unabridged edition.
Galbraith, John Kenneth. Culture of Contentment. pb. Boston: Houghton Mifflin, 1992.
____________________. Great Crash. hb. Boston: Houghton Mifflin, 1988.
____________________. Money: Whence It Came, Where It Went. hb. Boston: Houghton Mifflin, 1995.
Gardner, John W. In Common Cause. hb. NY: Horton, 1972.
Goss, Norman P. President Andrew Jackson and the Eastern Bankers. pb. Ohio: Monetary Science Publishing, 1975.
Griffin, G. Edward. Creature from Jekyll Island. pb. California: American Media, 1998. Seventh Printing, May 1998.
Greider, William. Secrets of the Temple. pb. NY: Touchstone, 1989. C. 1987 by Greider.
_____________. Who Will Tell the People. pb. NY: Touchstone, 1992. C. 1992 by Greider
Grubiak, Olive and Jan, ed. Guernsey Experiment. Pb. 1988. Monetary Science Publications.
Iacocca, Lee. Iacocca: An Autobiography. pb. NY: Bantam, 1989. Making money on money p 352
__________. Talking Straight. pb. NY: Bantam, 1989. Making money on money p 95-104
Kelly, Brian. Adventures In Porkland. NY: Villard Books, 1992. ISBN: 0679406565. $23.
Lindbergh, Charles A, Sr. Lindbergh on the Federal Reserve. pb. Formerly titled Economic Pinch. Available at Monetary Science Publishing. Reveals fomented and controlled depressions by the banklords on page 94 and 95 . War profiteering, pages 99 and 103. Forest Glen Durland adds that depressions cause poverty that leads to misery and death, leading to his statement that the billionaire banklords consider people dispensible. Carr documents that the billionaire banklords actually plan, instigate and finance both sides of all wars and revolutions. Also see Fed's destructive history in the Definitions.
Oldroyd, Osborn H. Assassination of Abraham Lincoln. hb. Wn, DC: Oldroyd, 1901. Re-published in 1990 by Heritage Books, Maryland. Lincoln would have pardoned the South.
Popp, Dr. Edward E. Great Cookie Jar. pb. Available from CPA Books. Highly recommended reading.
_________________. Money, Bona Fide or Non-Bona Fide. Available from CPA Books. Highly recommended reading.
Rheinhold, Howard. Virtual Community. hb. Menlo Park, CA: Addison Weseley, 1993.
Rouse, W.H.D., translator; Edited by Eric H. Warmington and Philip G. Rouse. Great Dialogues of Plato. pb. NY: Mentor, 1956.
Thoren, Theodore and Richard Warner. hb. Truth in Money Book. Truth In Money, Inc., PO Box 30, Chagrin Falls, Ohio 44022. c. 1989.
Turner, Frederick Jackson, Ph.D. Significance of the Frontier In American History. hb. NY: Ungar Publishing Co., 1963.
__________________________. Frontier In American History. hb. NY: Holt, Rinehart and Winston. c 1920 and 1947 by Turner. Foreword c. 1962 by Holt, Rinehart and Winston.
Van Doren, Carl. Benjamin Franklin. hb. NY: Viking, 1938.
Wright, Desmond. Franklin of Philadelphia. hb. Cambridge, MA: Harvard U. Press, 1986.
[ Click here Go to ABCs of Money Outline. ]
Click here to go back to the top of the Docs Contents.
Newsweek, Aug 16, 82, p6: "How to Cut Interest Rates" by Lee Iacocca. Discusses making money on money.
Saturday Evening Post, Jul-Aug 1985, p30: "Are We Still Free? By Lee Iacocca on a meeting with Ben Franklin.
Click here to go back to the top of the Docs Contents.
"Merc" - see San Jose Mercury News.
Recorder, The, 625 Polk St, Ste 500, San Francisco, CA 94102. (c. American Lawyer Media, L.P.)
San Francisco Chronicle & Examiner, PO Box 7260, San Francisco, CA 94120.
San Jose Mercury News, a Knight-Ridder publication, 750 Ridder Park Drive, San Jose, CA 95190 . Phone (408)920-5000.
Spotlight, Liberty Lobby, Inc, 300 Independence Ave SE, Washington, DC 20003. Phone (202) 544-1794.
Wall Street Journal, Dow Jones & Co., Inc., 201 California St., No. 1350, San Francisco, CA 94111-5077. Phone (415)986-6888.
Merc clippings are listed under topic by date.
West and Parade magazine clippings are listed under topic under Merc by date. E.g.: Merc 3-12-89, Parade: "Your Money" by Andrew Tobias.
Click here to go back to the top of the Docs Contents.
[West and Parade magazine clippings are listed under topic under Merc or SFC by date.]
Galbraith, John Kenneth. "1929 Parallel", Atlantic Monthly, January 1987, p. 62.
Haas, Alan D. "Supreme Court of Money", American Legion, December 1982, p. 22.
Iacocca, Lee. "Are We Still Free?", Saturday Evening Post, July/August 1983, p. 30.
__________. "How To Cut Interest Rates", "My Turn", NewsWeek, August 16, 1982.
"Michael" Journal, address: Rougemont. P.Q. Canada - Jol 1. Writers quoted are: Louis Even, Alain Pilote, Allan Watts, Melvin Sickler
Hazel ,James, "Of Cabbages and Kings", PO Box 863, Mount Angel, OR 97362
Hazel, James "Patriot Primer", PO Box 863, Mount Angel, OR 97362
Click here to go back to the top of the Docs Contents.
Black's Law Dictionary - 6th ed., St. Paul, MN: West Pub. Co., 1990. Res ipsa loquitur, doctrine of in medical malpractice cases.
California Reports. Lashley v. Koerber. "Could have known and should have known." 156 P.2d 441, 445, [vol] 26, [Calif Reports] c.2d [page] 83.
Sloane-Dorland Annotated Medical-Legal Dictionary. St. Paul, MN: West Pub. Co., 1987. Res ipsa loquitur, doctrine of in medical malpractice cases.
Click here to go back to the Missing 13th Amendment
Click here to go back to the top of the Docs Contents.
Ginrich, Newt, Congressman, R-Georgia. "Future: Conservative or Liberal", Program #1107 of "What's the Issue?", August 26, 1982, Chamber of Commerce of the United States, 1615 H Street, NW, Washington, DC 20062.
Owen, Robert L. Senate Document 23, "National Economy and the Banking System of the United States", Jan 24, 1939, 76th Congress, 1st Session, Vol 3. A most valuable document. The Benjamin Franklin quotes are on pages 98 and 99. [ Click here Go to ABCs of Money Outline. ]
Patman, Wright. "A B C's of America's Money System", Congressional Record of the United States of America, speech in the House of Representatives, Monday, August 3, 1964. A most valuable document.
Click here to go back to the top of the Docs Contents.
American Media: P. O. Box 4646, Westlake Village, CA 91359-1646
Congressional Record: Library of Congress, Photo Duplication Service, Washington DC 20540. Enclose ten dollars, ask for "Congressional Record, Proceedings and debates of the 88th Congress, 2nd Session, Speech of Hon. Wright Patman of Texas in the House of Representatives entitled "The A B C's of Money", Monday, August 3, 1964. Also available at many university and state libraries in the government records section. It is easiest to order it from Monetary Science Publishing. [ Click here Go to ABCs of Money Outline. ]
CPA Books, P O Box 596, Boring, OR 97009. Phone 1-800-578-7124.
Gonzalez: The Honorable Henry B. Gonzalez, United States House of Representatives, 2129 Rayburn House Office Building, Washington, DC 20515-6050. Chairman of the Committee on Banking, Finance and Urban Affairs (1994). [ABCs of Money, p6 and 8.]
Hazel, James, PO Box 863, Mount Angel, OR 97362
Monetary Science Publishing, Box 86, Wickliffe, OH 44092. (Owned by Peter Cook, Monetary Scientist.)
Novell, Inc for Quattro Pro, ATTN CUSTOMER SUPPORT, COREL CORPORATION LIMITED, 567 E TIMPANOGOS PKWY, OREM, UT 84057. See InflationFull for more details.
Spotlight and Liberty Lobby: Liberty Lobby, Inc, 300 Independence Ave SE, Washington, DC 20003. Phone (202) 544-1794.
Truth in Money, Inc, PO Box 30, Chagrin Falls, OH 44022.
Washington State Senate, PO Box 40482, Olympia WA 98504-0482.
Click here to go back to the top of the Docs Contents.
Merc 10-20-91: "Congressional perks are worth millions" by Steven Thomma. It costs taxpayers $4.2 million per member to run Congress for one year. That includes staff, etc.
Merc 11-2-93 a12: "White House abuzz over salary list" by Ron Fournier. Page 15 of the Washington Post listed the salaries of every White House aid. $100,000 appeared low.
Merc 9-28-92: "Breaking down high cost of keeping House" by Anne Willette of Gannette News Service. "Running the House of Representatives cost taxpayers $80,000 every hour of every day last year [1991]."
Spotlight 7-11-94 p8: "Congressmen Put Themselves First". Discusses perks and bennies.
Merc 1-15-95 a2: "Lawmakers cost $1 million apiece" by Bob Dart. To their $133,600 annual salary is $42,000 in perks and bennies, totaling more than $174,700. Their pension is double to triple the pension of an average, private employee. When all the remaining perks and bennies are added in, the total hits $1 million.
Spotlight 8-21-95 p3: "Cream Skimmed From Mexican Bailout" by Martin Mann.
Spotlight 4-7-97 p3: "Europeans Blast ‘Greenspan Effect’ " by Martin Mann. Banks and insurance companies have degraded to working with organized crime, etc. Blames Greenspan for the Wall Street rape of the Mexican market. [We people got Bill Clinton’s bailout bill.] Chase Manhattan and Citicorp were found involved in the illegal market. This report was by the Centre Des Etudes Transatiantiques (CETRA), the prestigious Franco-German political studies center which conducts contract surveys of international affairs for the European Parliament.
Michael Journal for Mar-Apr 97 p5: "Provincial financial credit system" by Louis Even: The author of social credit, Clifford Hugh Douglas, Scottish engineer and economist, said in c. 1934: ‘…"90 percent of the crimes in the world are directly caused by the financial system. The economic urge to make war comes first of all from the working of the present financial system that inevitably leads to a race for foreign markets to obtain from them some purchasing power. All the present poverty, all the worries of businessmen, the ever-growing number of suicides, the class of outcasts who live in slums or other inhuman places - all this comes directly from the present financial system." ’
Spotlight 3-23-92 p 18, "JFK Assassination Rumor Put to Rest: No ‘Greenbacks’ Order" by Andrew Arnold.
resulting from debt money systems such as that
used by the Federal Reserve System
The route is UP and over the top. America is so far up the curve that the crash off the end appears imminent. What goes up must come down. Ouch!
The shape of this graph will vary according to the shape of the picture on your screen, but should show you the general shape of an exponential curve. For more discussion, ask anybody that knows math to show you some pictures of exponential curves. Some specs are listed at the end of this web page .
There is very little public debt and inflation down here at the bottom of the curve. Money is plentiful and has good buying power. The economy is prosperous and people are happy.
In actual history, the Fed created panics in 1903, 1907 and 1913. Then they promised (lied) that the new Fed would end panics. So they changed the name to depressions and recessions. Get rid of the private banklords and the curve will come down, smooth out, stay down and remain prosperous. See Lindbergh, page 93; Galbraith, Money, page 119.
These statistics are approximate, but will satisfactorily serve to display the nature of the beast. The more it curves up, the faster it goes up. This is known as an exponential increase and realistically represents what the Fed is doing to us. We are at the top and accelerating. To one who sees the truth, it is terrifying.
This curve is the Consumer Price Index (CPI) and the United States indebtedness, adjusted to actual and realistic shape as illustrated in the above graph. They are practically identical. A few bumps have been smoothed. Note that prior to the Federal Reserve Act of 1913 the curve is nearly flat. Nearly all economic casualties and decline of living standards have been caused by the Federal Reserve System.
This is the curve mathematicians plot on a piece of graph paper. Each point is determined by two kinds of information. One kind is the debt, the other kind is the year. Each year the debt increases, so the points keep getting higher. That relates to saying that the cost of living is going up. The curve could just as easily be turned upside down to show the decrease in living standard. Instead of showing the debt as a positive number that gets increasingly larger, show the debt as a negative number that keeps getting larger, only down. That would be much more realistic because it would show the decrease in buying power of our money. The video scenarios we just watched spoke of this aspect. Remember Bobby Banker and your loan for your invention? Well, the Ski Jump humorously has us going down the Fed’s curve instead of up, making it look like a ski jump. That way it more realistically shows what is really happening to us. [Reference is made to InflationFull. ]
Credit is given to Truth in Money Book (pages 61,100, plus 63, 87, 133-138, 246-7) for information about the true graph of the nation’s debt, looking beyond the government’s removal of the bottom of the curve. That book is highly recommended reading and may be purchased by writing to Truth in Money, Inc., PO Box 30, Chagrin Falls, OH 44022.
Another revealing article showing the curve is in the Spotlight for 9-18-95, page 3: "Deficit Figures Confirm Upright Spike" by Martin Burns.
Specs for the curve are listed in the Bibliography under Novell, and in full in InflationFull/DataUsed.
by Forest Glen Durland
With the passage of the Federal Reserve Act of 1913 Congress gave the power to create and control money to private bankers. Money is now created by private bankers who charge the people interest for it, resulting in a national debt in the trillions of dollars. Forest Glen Durland maintains that Congress had no right to give away the people’s sovereign right to create debt free money. The existing national debt might be ruled unconstitutional.
The Fed has usurped such power that it answers to no one, not even our elected President and Congress. For practical purposes, the Fed is privately owned and privately operated in secret for private gain.
As to the private nature of the Federal Reserve System, we have a ruling by the Ninth Circuit Court in San Francisco. We do have a case that has established that the individual banks, themselves, are not a part of the government. That is Lewis v. United States, U.S. Court of Appeals, Ninth Circuit, April 19, 1982. In this decision, we find several ‘tests’ of what constitutes a federal agency. Quoting from that decision:
‘a critical factor is existence of federal government control over "detailed physical performance" and "day to day operation" of an entity.’‘Federal reserve banks receive no appropriated funds from Congress’
‘Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in Civil Service Retirement System. They are covered by Workers’ compensation insurance, purchased by the bank, rather than the Federal Employees Compensation Act. Employees traveling on bank business are not subject to federal travel regulations and do not receive government discounts on lodging and services.’
In addition to the above court ruling, several other facts indicate private ownership:
1. Ninth Circuit Court ruling.
2. Also see a 1979 case in which Senator Riegle sued the Fed. That case stated: "The Reserve Banks are private corporations whose stock is owned by the member commercial banks within their districts."
3. The United States Government owns no stock in the Federal Reserve System. All stock is owned by private banks.
4. The Fed banks are not listed in the phone book under "government".
5. Most Fed employees are not paid with government checks.
6. The Fed does not have franking privileges (free postage).
7. A government agency would create money for the government free of charge. However, the Fed creates money out of nothing and loans it the United States Government for interest that has now accumulated to trillions of dollars of debt. The American taxpayers get the bill.
8. The Fed banks have no debt.
9. The Fed pays property taxes.
10. The Federal Reserve System is neither federal nor reserve, but is basically a federally chartered, private banking consortium.
11. There has never been an independent audit of the Fed.
12. The ABCs of Money - outlined above.
Further documentation may be found in Figuring Out the Fed by Margaret Thoren, Truth In Money, PO Box 30, Chagrin Falls, OH 44022.
The ABCs of Money is ten pages totally damning the Fed by a House Banking Committee.
Also see docs to support the statement that the Fed is the worst fraud and scandal and Fed Scandal Contents.
The national debt is unreal and may not exist. See Shadow Partner and the last page of In the Beginning in the book, Money Is Unreal by Forest Glen Durland.
Food for thought: If the Federal Reserve System is part of our government, why do they charge us for our money?
of the
United States of America
[excerpts]
Powers and Congress
Section 8. The Congress shall have the Power To lay and collect Taxes ... ;
To borrow Money on the Credit of the United States;
...
To coin Money, regulate the Value
thereof, and of foreign Coin, to emit Bills on
the Credit of the United States ; [Power to issue
paper money was struck from the final draft.], and fix the
Standard of Weights and Measures, [Essential to control Gold
and Silver value.]
...
To establish Post Offices and post Roads;
...
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;
To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy;
To provide for calling for the Militia to execute to the laws of the Union, suppress Insurrections and repel Invasions;
To provide for organizing, arming, and disciplining the Militia, and for governing such Part of them as may be employed in the Service of the United States, ...
Powers Denied to the States
Section 10. No State Shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; ...
Powers and Duties of the President
Section 2. The President shall be the commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States, he may require the Opinion, in writing of the principle Officer in each of the executive Departments, ...
AMENDMENT 10 - RESERVED POWER OF THE STATES - The powers not delegated to the United States by the Constitution, no prohibited by it to the States, are reserved to the States respectively, or to the people.
4, Section 4 - The validity of the public debt of the United States ... shall not be questioned. ...
[ORIGINAL 13th AMENDMENT - The missing 13th Amendment, called Article XIII, reads: "If any citizen of the United States shall accept, claim, receive, or retain, any title of nobility or honor, or shall, without the consent of Congress, accept and retain any present, pension, office or emolument of any kind whatever, from any emperor, king, prince, or foreign power, such person shall cease to be a citizen of the United States, and shall be incapable of holding any office of trust or profit under them, or either of them."]
[Note the words Title, Honor, Present, Pension or Emolument from any foreign Power, cease to be a Citizen, and incapable of holding office for either country. Those are very definite limitations with a profound sentence for violators - loss of Citizenship in the United States! If "honor" includes immunities and pensions, etc., all government employees will be under fire. This amendment certainly will cause a great shuffling sound in the areas of election donations (especially from non-residents), holding office, immunity from laws by government agents and agencies, titles of honor, and benefits legislators give themselves.]
Forest Glen Durland maintains that the authors of our Constitution were well aware of the injustices the Bank of England was meting out to England and the Colonies. Therefore, it is maintained that the words "To coin Money" meant to avoid debt to, and control by, private bankers.
