By Paul Dowling
“Gentlemen, I have had men watching you [the Second Bank of the United States] for a long time, and 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.” —President Andrew Jackson, explaining that, although taking down the Central Bank would hurt people, it would harm even more if allowed to continue
“It is difficult for Americans to come to grips with the fact that their total money supply is backed by nothing but debt, and it is even more mind boggling to visualize that, if everyone paid back all that was borrowed, there would be no money left in existence. That’s right, there would be not one penny in circulation—all coins and all paper currency would be returned to bank vaults—and there would be not one dollar in any one’s checking account.” —G. Edward Griffin, in The Creature of Jekyll Island, explaining that, in a central-bank system, all money is created only when someone decides to borrow, the entire process finding its origin in the government’s creation of money by issuing treasury bonds to the Federal Reserve as collateral for its asking the Fed to create currency (in other words, all the money created by the Fed is literally borrowed from it by the US government before it is issued as Federal Reserve “Debt” Notes, which means that the entire US economy is founded on debt)
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“Gold shall destroy the FED.” —Q, positing a future circumstance that will help President Trump to accomplish his purpose of canceling the corrupt system of having a privately-owned business cartel, the Federal Reserve System, manage America’s money supply while charging interest on every dollar it issues
What the Fed Really Is
Although the Federal Reserve System has been politely called a privately-held corporation, what it really is, in actuality, is something much more dark and corrupt. Without veering even one iota into the realm of hyperbole, it is absolutely accurate to say that the Federal Reserve is a business cartel set up to protect its owners from failure in the marketplace at the expense of the people it is supposed to serve. It does this by making the government of the United States liable for any losses of the banks belonging to the Federal Reserve System. This means that poor decisions by the banks are not only protected, but encouraged, since there will be no blowback, no negative consequences whatsoever, for making risky loans or bad investments; US taxpayers are on the hook, instead of the banks themselves, for any and all losses. Most people would agree that this is more than just corrupt, it is criminal.
The Federal Reserve System is actually the third incarnation of America’s central bank. The first two iterations were called the First Bank of the United States and the Second Bank of the United States. Both succumbed, in the end, for good reasons; their charters were not renewed. The Federal Reserve—which was intentionally not named the Third Bank of the United States, so as to avoid being branded with the corrupt reputation of the Second Bank—is, like other central banks, privately owned and operated. The Fed is not subject to taxation, nor is it subject to audit! The only power that the American people customarily exercise over the bank is in the power of their president to nominate its governors and its chair. The current Chair of the Federal Reserve is Trump-appointee Jerome Powell.
The First Name Club
In the run-up to the establishment of the Fed, there was a 1910 “duck hunt” on Jekyll Island, Georgia, whichincluded Senator Nelson Aldrich, Adrich’s personal secretary Arthur Shelton, ex-Harvard economics professor Dr. A. Piatt Andrew, J.P. Morgan & Co. partner Henry P. Davison, National City Bank president Frank A. Vanderlip, and Kuhn, Loeb, and Co. partner Paul M. Warburg. The “duck hunt” was not real but only a cover story to hide the true intentions of a covert, conspiratorial meeting. Members of the group shed their last names for fear that they might give themselves away. After all, they wished to keep their conspiracy a secret from the public, since plans were being made to form a cartel to protect the banking industry from failure and to allow a private corporation to hide in plain sight, all the while pretending to be a part of the US government, when nothing could be further from the truth. (To this day, most Americans still are unaware that the Fed is not a part of the US government and that there are no formal checks or balances in place to restrain its power.) The secretive group met under the cloak of night, at Nelson Aldrich’s private railway car in New Jersey, then traveled to their ultimate destination, with the intention of drawing up plans for a new central bank for America, this time to be called The Federal Reserve, in order to fool Americans into thinking the bank was indeed part of the US government. G. Edward Griffin tells all about the sneaky way in which the Federal Reserve was founded, in his book The Creature from Jekyll Island. So unscrupulous was the way in which the Federal Reserve System was designed that the bill instituting it had to be passed late at night, on December 23, 1913, while most Americans were preoccupied with Christmas celebrations.
How the Fed Operates
In a nutshell, the way the Fed operates is this: The Fed, using its monopolistic power to print currency (granted to them by Congress and signed into law by Woodrow Wilson), orders the printing of money which the Treasury then prints on their behalf as Federal Reserve Notes. Then the Fed issues this currency to the US government, upon being given US Treasury Notes as collateral, to be paid back with interest! The money created by the Fed for use by the American people is, therefore, issued as debt they will have to pay back with interest. However, to pay off this interest, more currency must be issued, which comes with its own interest attached. This corrupt system continues ad infinitum, which means that the interest can never ultimately be paid back, making all US citizensdebtors in perpetuity—or, quite literally, debt slaves to the Fed. Thus, the Federal Reserve is basically a private business cartel (whose decisions on monetary policy are final, with no formal checks or balances) running abusiness model that Charles Ponzi would be proud to call his own!
Stealing Wealth by Means of Inflation
It is also true that the Fed creates the boom-and-bust cycles in the economy by alternating periods in which it tightens the money supply (thereby helping money to maintain its value) with periods of quantitative easing (wherein more money is printed, causing inflation and devaluation of the currency). During times of stability, people can pay off their debts more easily, as well as make purchases or set aside some money for savings. Whenever the Fed creates inflation, however, it becomes harder for bank customers to pay off debts. When people default on their loans, the banks then collect the land, the cars, and other collateral assets secured from these loan customers, which the banks can now choose to resell, in order to own still more debt. Since the Fed was established in 1913, due to its inflationary monetary practices, the US dollar lost 96% of its value by the Fed’s 100-year anniversary in 2013! By 2019, the situation worsened yet again, raising that number to 98%. So, the same dollar that could purchase a pair of patent leather shoes in 1913 will eventually not even be enough to buy a song on iTunes (since the 2019 price for a song on iTunes is $1.29). A mind-boggling amount of wealth has literally been siphoned off by the Fed from the American people, by means of a corrupt Ponzi scheme. And the Fed is not hurt by the inflation, because it can simply create more money every time someone has to borrow to cover their increasing expenses, due to the selfsame inflation that has been caused by the Fed. (To add insult to injury, the higher dollar amounts workers must collect, to earn the same value in income, push workers into higher tax brackets; so, although people are not actually receiving more value for their salary increases, they are indeed receiving tax increases, due to the inflationary practices of a central bank economy.)
Back in 1913, before the Fed was established, people were saving more money and could afford, as a result, to purchase more items in the economy without having to resort to borrowing and credit. Saving for the future, without the currency’s losing value, was possible. But the Fed’s inflationary policies, over the years, have made it more difficult to amass personal wealth. By the 1960s, an increasing number of families began to need two incomes. In the 1970s and 1980s, credit cards started to become popular. The 1990s and 2000s saw rising student-loan debt. And, by the 2010s there were fewer jobs for America’s workers, most of them having been transferred abroad by means of the over-taxation of American businesses at home, creating an environment where huge numbers of Americans found themselves forced to surrender their real property through foreclosures.
Trump Upsets the Apple Cart
By getting elected president in 2016, Trump—a DC outsider willing to take on the Federal Reserve and the Deep State—was able to assume the presidency with a set of intentions that was alien to what had become the corrupt criminal culture of Washington. The American people had become sick of losing their personal liberty and financial freedom to the irresponsible acts being perpetrated by the political class that has served only to represent the moneyed interests of the Federal Reserve for decades, along with a Deep State devoted to supporting the Fed as its primary funding source. (Indeed, it could be said that the central-bank system itself has been the power behind the Deep State, making the Fed, in a sense, synonymous with the Deep State itself.)
Since Trump was clean of corruption—too straight and too wealthy to be blackmailable—he posed a real threat to the Fed, as well as to the Deep State that served and supported it. Whereas every president since Kennedy (with the exception of Reagan) was a member of the Deep State aiming to overthrow the US Constitution and bring about a New World Order, Trump was not. This caused all the media outlets controlled by the Fed and its Deep State allies to embark on a campaign of relentlessly attacking Trump from the moment he was elected president. And the media did not simply employ anti-Trump bias. Indeed, the media lied outright, making up stories about Trump’s being a bigot (although Trump has done much to help black youths and has done more to help the black community than any other president), an anti-Semite (although his daughter and grandkids are Orthodox Jews), and a traitor who colluded with the Russians (which has been totally disproven).
Trump hangs a picture of Andrew Jackson on the wall of the Oval Office, due to the fact that Old Hickorysucceeded in taking down the Fed of his day, the Second Bank of the United States. And Trump, it would appear, is already making progress in resetting the US economy, in preparation for a plan to nationalize and restructure the Federal Reserve.
Currently, the US—along with most of the world—is in a central-bank economy. This is why the debt mounts as high as fast as it does. In an economic system run by the central banks (which includes the World Bank, the International Monetary Fund, the Bank of International Settlements, the European Central Bank, et cetera) the banks always win at the expense of the people; the latest round of win/lose activity with the Fed was during the 2008 financial crisis which developed into the Great Recession, when the banks were bailed out for having made bad business decisions mainly in mortgage lending. American taxpayers were punished, when their Congressional representatives approved a bailout amount of $411 billion. The term “too big to fail” was invented by Establishment Elites to persuade people that this needed to occur; but, in reality, this was rank protectionism that held bad businesses harmless from reaping what they had sown.
Trump is dead-set on getting Americans out of this rigged and dishonest economic game in which the deck is always stacked against the people and in favor of the Fed. In a central bank economy, inflation is used to steal the people’s wealth, over time; and, in a fiat-currency economy like the one run by the Fed, the value of the money will always ultimately approach zero. Trump saw that America’s Fed economy could not last much longer and would have to be reset. Uncaring as the central bankers are of the people, this would likely entail a great deal of pain—unless something could be done to avert the problem by taking down the Fed altogether, while simultaneously converting the US back to a people’s economy.
Indeed, making such a significant change would involve some turmoil. But failure to make this change occur would cause an even greater amount of chaos, with the end result being that many more people stand to be hurt or inconvenienced.
Trump is engaged in a great effort to set the table in preparation for the shift from a central-bank economy—wherein the banks always win, while most of the people tend to lose over time—back to a people’s economy based on free enterprise and anti-trust protections against corporate conspiracies, monopolies, and cartels. In such an economy, the people, through their representatives in the Congress, will be in charge of running their economy and printing their own money, issued free of debt, per the US Constitution, Article I, Section 8, Clause Five: “The Congress shall have Power . . . To coin Money, regulate the Value thereof, and of foreign Coin. . . .”
Q Is Giving Clues About Trump’s Future Plans for the Fed
Trump has communicated, by way of backchannel “tweeting” on Qanon, that “Gold shall destroy the FED.” As Dave, the voice of the X22 Report, points out, “When Q says we have gold, it doesn’t mean it’s in Fort Knox; it doesn’t mean that the gold is where you think it is. . . . Q is telling us that gold is going to bring down the Fed. The Fed hates gold, the central banks hate gold. . . . They just don’t want people to catch on to what gold really is—and that’s real money. . . . So, right here, with Trump having Andrew Jackson hanging on the wall, that is a signal letting us know they’re going after the central bank. If you notice, Q now is posting a little more about the central bank, about the Fed, and what their plans are. . . . Remember, Q listed all the central banks, . . . so this plan is much, much larger than just the Fed. . . . I don’t believe that Q can tell us everything at this point . . . because . . . they don’t want to let the cat out of the bag. . . .” Dave goes on to point out that China and Russia have been increasing their holdings of gold. And what would happen to the central banks of the world, if China, Russia, and the US were to announce that they are all going to start issuing currency based on the gold standard? As Dave puts it, “They’re screwed; their world starts to fall apart, because, once countries say they’re going to be using gold as a confidence builder to back their currency, what happens to the debt notes?” In other words, who is going to want to hold any fiat currency, based on debt, if one can own a new gold-backed currency that can be exchanged for real money (gold)?
Side Note: Kennedy Issued Silver-Backed US Notes
President John Kennedy sought to issue a people’s currency, in the form of silver certificates, to compete with, or ultimately to replace, the Federal Reserve Note by issuing Executive Order 11110. The order was issued on June 4th, 1963, and by November 22nd, 1963, Kennedy was dead—assassinated. Kennedy’s order was rescinded by the Johnson Administration in March of 1964.
Seizing Control of the Federal Reserve Board
But before we get to the point of using gold to bring down the Fed, Trump is going to seize control of the Federal Reserve by putting in place the people he wants to run it. According to Q, via an article by Richard X. Bove, “The Board of Governors of the Federal Reserve is required to have seven members. It has three. Two of the current governors were put into their positions by President Trump. Two more have been nominated by the president and are awaiting confirmation by the Senate. After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump.”
Educating the Public, Preparing the People
Trump has spoken of the importance of tax cuts to spur economic growth by bringing capital and business back to the US, particularly manufacturing, and making it profitable once again to do business in America. The effect of the tax cuts on jobs has been to increase employment and raise pay. Trump has also made many public statements about the Fed, criticizing the central bank for raising interest rates and, therefore, harming the stock market and slowing the growth of the economy. (It would appear that Fed Chair Jerome Powell has ultimately been responsive to Trump’s call to pause interest rates for a while.) If the economy continues to slow down, Trump likely will call for a decrease in interest rates to spur economic activity and growth.
The president has also been talking about the importance of restructuring America’s trade deals, in order to bring about fair trade: It is not actually free trade, if there is no fairness in the marketplace. The US, while customarily charging a 1.3% tariff on goods coming into the country, often finds tariffs of 25% to 40% being applied to American goods seeking to enter the markets of other countries. Resetting the way America trades with other countries is essential to make the country ready for a Constitutional restoration to a people’s economy. Trump has succeeded in rewriting the North American Free Trade Agreement into a much fairer trade deal with Mexico and Canada, the United States-Mexico-Canada Agreement. The president has touted his accomplishments of bringing unemployment to its lowest point in fifty years, including for minorities and women. And, at his State of the Union Address in February of 2019, Trump said that “African-American, Hispanic-American, and Asian-American unemployment have all reached their lowest levels ever recorded.” Throughout the entire process of resetting America’s economy, Trump has been educating anyone with an ear to listen.
How long will it take for Trump to complete his plan to reset America’s economy from an illusory central-bank, fiat-currency economy back to a Constitutional, free-market economy backed by gold? The best guess is that the complexity and delicateness of the task will likely mean that Trump will be in his second term as president before he can finish the work. But, should Trump succeed, the American people will be able to have an economy free of inflation that can issue currency without the simultaneous creation of debt. Will Trump opt for a total takedown of the Fed, an option that has never had lasting permanence? Or will Trump instead seek nationalization of the Fed, along with the institution of new rules restructuring how it must operate, with formal checks and balances and as a full-fledged organ of the US government? Nobody knows for sure. But one thing is certain. Trump’s actions with regard to America’s central bank, whatever they may be, will have worldwide repercussions.
Who Is Paul Dowling?
Paul Dowling is an American patriot who believes that individual freedom and minority rights that only a republic can protect are the linchpin of Western Civilization. Paul has written a book on the Constitution, explaining the republican values on which it is based and how they protect against the dangers of a strictly majoritarian system of governance. The book is called Keeping a Free Republic: Learning the Blueprint for Liberty in the Constitution & the Bill of Rights. (It is on sale at Amazon, for $6.25 in paperback and $0.99 as a Kindle download.