Coup d’?tat in 1913

Few Americans realize how radically America was changed in 1913 with the passage of the Federal Reserve Act.

Maybe most Americans don’t even care.

“How does the Federal Reserve Board affect my life?” they think. “What do I know from Alan Greenspan? He’s the guy who decides what interest rates are, right?”

The truth is the Federal Reserve, created in 1913, is a wholly unaccountable, private institution that affects the lives of every American — probably more directly and profoundly than does the president of the United States. That’s why Greenspan is often referred to as the most powerful man in America.

The Federal Reserve Act of 1913 was an attempt to take advantage of popular opinion in the United States for banking reforms. In effect, however, it was not reform at all. It was a power transfer — a coup in which a small group of bankers got a blank check to set monetary policy, and, thus, all policy, for the entire nation. No watchdogs. No guardrails. No accountability. Nada. Zip. Zilch.

Perhaps Rep. Charles A. Lindberg Sr. said it best at the time: “It is common practice of congressmen to make the title of acts promise a right, but in the body or text of the acts to rob the people of what is promised in the title.”

The very name “Federal Reserve Bank” was designed to deceive. It is not federal. It is not a government agency. It is privately owned. In short, it is nothing more than a group of private banks charging interest on money that never actually existed.

“Oh, Farah,” you’re probably saying right now. “Whoa, fella. This is too much for me to absorb. Are you sure about this? This sounds like conspiracy stuff? Why isn’t anyone talking about something so amazing?”

Well, the good news is that WorldNetDaily.com is about to launch a major salvo to wake up Americans about who really owns their country — or, at least, who acts like they own it.

In the current issue of WorldNet magazine, being mailed to subscribers this week, an expert on the subject of the Fed and a top-notch journalist, Anne Williamson, will break the bad news in clear, understandable, accessible terms that even your child in high school will be able to comprehend.

Williamson has written for the Wall Street Journal, the New York Times, Spy magazine, Film Comment and Premiere. An expert on Soviet-Russian affairs, she is currently working on a book, “Contagion: The Betrayal of Liberty; Russia and the United States in the 1990s.” She has so much expertise on Russia, the Fed and the International Monetary Fund that she has been asked to testify to Congress, so that those ladies and gentlemen can get a better understanding of the institutions Williamson has covered most of her adult life.

Her exhaustive report in WorldNet will be promoted in TV and radio appearances this week. Don’t miss them. And don’t miss her report in the magazine. If you are not yet subscribing, order it right now. This may be America’s last best chance to learn who is pulling our strings.

In a nutshell, here’s how this Fed scheme works, ladies and gentlemen. Are you sitting down? Are you ready for this?

The government prints $100 billion in interest-bearing U.S. bonds and takes them to the Federal Reserve. The Federal Reserve places the $100 billion in a checking account and the government writes checks against the balance.

In other words, we — the American people — allow this private banking system to create money out of thin air. And the bankers get interest on it — forever.

It’s a legalized counterfeiting operation — pure and simple.

Way back in 1931, Louis T. McFadden, chairman of the House Banking and Currency Committee, saw the problem: “The Federal Reserve Board and banks are the duly appointed agents of the foreign central banks of issue and they are more concerned with their foreign customer than they are with the people of the United States. The only thing that is American about the Federal Reserve Board and banks is the money they use.”

“Mr. Chairman,” he pleaded on the House floor a year later, “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. … Some people think that the Federal Reserve Banks are United States government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. 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 the states to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and wheedling us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”

Do I have your attention? Do you want your country back? Do you want to know more? Read Anne Williamson’s important cover story in WorldNet magazine.