The Federal Reserve Bank – 100 Years of Deception

2nd August 2015

By Alan R. Adaschik

Guest Writer for Wake Up World

To most Americans, the notion of our government having been overthrown is the fodder of conspiracy nuts or the province of people out of touch with reality. However, not only do the vast majority of Americans have no clue our government was overthrown at the start of the 20th century, they also have no comprehension of the insane and exorbitant price we are collectively paying as a result.

America once truly was a land of freedom and opportunity, yet without our knowledge, everything changed upon of passage of the Federal Reserve Act in 1913. These changes where extensive in regard to how our government functioned, but from a citizen’s point of view nothing major or important happened. This was no accident but instead, an important aspect of their plan. The changes Americans would experience came slowly at first so nobody noticed or become alarmed, but eventually Americans were put on the rollercoaster ride we live with today.

Almost all Americans know something is terribly wrong with our ship of state, but most of us have no idea what is wrong or how it can be fixed. As a result, we sit back and watch helplessly as the American dream crumbles and dies around us…

How a Private Banking System Works

(The following is an been excerpted from Alan R. Adaschik’s book: “100 Years of Deception: A Blueprint for the Destruction of a Nation”.)

In 1913, Congress made the Federal Reserve Bank the central bank of the United States. This name is the epitome of deception. First of all, because of the passage of Amendment XVII, we no longer had a “federal” government. Amendment XVII transformed our federal government into a national government. Thus, there was nothing federal about the Federal Reserve Bank. Furthermore, it is not an agency or a part of our government. Instead, it is a privately owned banking cartel accountable to no one other than the people who own it. The Fed is not reserve of any kind and has nothing to do with reserves. Finally, it is not even a bank because no one deposits money with the Fed.

The best description which applies to the Fed is that it is a money pump for those who own it and this enables these people to harvest huge amounts of money from working Americans without giving them anything in return. In other words, the Federal Reserve Bank is a racket far worse than a Ponzi scheme or Mafia created con game. However, the tragedy of our situation is that the Fed is racket which Congress made legal by voting it into existence.

Money is a medium of exchange and the study of its use is called economics. In days gone by, bartering was the order of the day. If you had corn and wanted wheat, and I had wheat and wanted corn, we would decide how much of one commodity was equivalent to the other and make an exchange on this basis. However, bartering is an awkward process because of the unwieldy items involved. Obviously, exchanges of goods would be facilitated if people used something less cumbersome as a medium of exchange such as gold or silver. If I grow wheat, by exchanging my wheat for gold this permits me to obtain other things conveniently when I want them. Thus hard to find metals like gold and silver became widely used mediums of exchange.

Once people started using precious metals to trade goods, the need to transform these metals into standardized amounts became necessary. This led to the development of rudimentary coins; whereby a ruling authority would weigh out various amounts of these precious metals and stamp them as to purity and weight. Once this practice became common, it was only a matter of time before coins took on their characteristic disc shape and were impressed with a mint date and the likenesses of important officials. With the development of coinage, a person could exchange the fruits of their labor for coins and use them to obtain other things when convenient. During good times, some people ended up with more coins than they needed. Thus they had to find a safe place to keep them.  This brought the goldsmith into the picture.

Goldsmiths worked with precious metals and as a result, needed a safe or strongbox within which they would keep their supplies. Having this capability, it made sense for people to take their excess coins to the goldsmith for safekeeping. Upon doing so, the goldsmith gave them a written receipt for the amount of coins being stored. Soon people realized that instead of trading coins for the things they needed they could conveniently trade the receipts instead. Thus paper currency was born and this blessing freed people from carrying bags of bulky coins when they went to market.

This rudimentary monetary system worked well in small agrarian economies, but as villages turned into towns and towns into cities, a need to borrow money developed and who was better positioned to loan money than the goldsmith. Not only did he have his own money on hand, but he also held other people’s money which was sitting in his coffers doing nothing. Of course, if the goldsmith was going to loan other people’s money, he needed to share some of the interest he earned with them.  This was the start of modern banking. The goldsmiths were our first bankers. People would entrust their money to the banker/goldsmith and instead of paying for this service, he would pay them a share of the interest he received from loaning their money to other people. From a depositor’s or borrower’s perspective this made sense, was beneficial, and appeared reasonable. However, appearances can be deceiving and how deceiving will soon be addressed.

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