[ebook] The Federal Reserve is PRIVATELY OWNED by Thomas D Schauf.pdf

The Federal Reserve is

PRIVATELY OWNED

by Thomas D. Schauf

THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY .

Article 1, Section 8 of the Constitution states that Congress shall have the

power to coin (create) money and regulate the value thereof. Today however,

the FED, which is a privately owned company, controls and profits by printing

money through the Treasury, and regulating its value.

The FED began with approximately 300 people or banks that became owners

(stockholders purchasing stock at $100 per share - the stock is not publicly

traded) in the Federal Reserve Banking System. They make up an international

banking cartel of wealth beyond comparison (Reference 1, 14). The FED

banking system collects billions of dollars (Reference 8, 17) in interest annually

and distributes the profits to its shareholders. The Congress illegally gave the

FED the right to print money (through the Treasury) at no interest to the FED.

The FED creates money from nothing, and loans it back to us through banks,

and charges interest on our currency. The FED also buys Government debt with

money printed on a printing press and charges U.S. taxpayers interest. Many

Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).

Who actually owns the Federal Reserve Central Banks? The ownership of the

12 Central banks, a very well kept secret, has been revealed:

Rothschild Bank of London

Warburg Bank of Hamburg

Rothschild Bank of Berlin

Lehman Brothers of New York

Lazard Brothers of Paris

Kuhn Loeb Bank of New York

Israel Moses Seif Banks of Italy

Goldman, Sachs of New York

Warburg Bank of Amsterdam

Chase Manhattan Bank of New York

(Reference 14, P. 13, Reference 12, P. 152)

These bankers are connected to London Banking Houses which ultimately

control the FED. When England lost the Revolutionary War with America (our

forefathers were fighting their own government), they planned to control us by

controlling our banking system, the printing of our money, and our debt

(Reference 4, 22).

The individuals listed below owned banks which in turn owned shares in the

FED. The banks listed below have significant control over the New York FED

District, which controls the other 11 FED Districts. These banks also are partly

foreign owned and control the New York FED District Bank. (Reference 22)

First National Bank of New York

James Stillman National City Bank, New York

Mary W. Harnman

National Bank of Commerce, New York

A.D. Jiullard

Hanover National Bank, New York

Jacob Schiff

Chase National Bank, New York

Thomas F. Ryan

Paul Warburg

William Rockefeller

Levi P. Morton

M.T. Pyne

George F. Baker

Percy Pyne

Mrs. G.F. St. George

J.W. Sterling

Katherine St. George

H.P. Davidson

J.P. Morgan (Equitable Life/Mutual Life)

Edith Brevour T. Baker

(Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179)

How did it happen? After previous attempts to push the Federal Reserve Act

through Congress, a group of bankers funded and staffed Woodrow Wilson's

campaign for President. He had committed to sign this act. In 1913, a Senator,

Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal

Reserve Act through Congress just before Christmas when much of Congress

was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED.

Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly

ruined my country" (Reference 17, P. 31).

Now the banks financially back sympathetic candidates. Not surprisingly, most

of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235,

Reference 14, P. 36). The bankers employ members of the Congress on

weekends (nickname T&T club -out Thursday...-in Tuesday) with lucrative

salaries (Reference 1, P. 209). Additionally, the FED started buying up the

media in the 1930's and now owns or significantly influences most of it

Reference 3, 10, 11, P. 145).

Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers

by printing U.S. dollars without charging the taxpayers interest (Reference 4).

Today, if the government runs a deficit, the FED prints dollars through the U.S.

Treasury, buys the debt, and the dollars are circulated into the economy. In

1992, taxpayers paid the FED banking system $286 billion in interest on debt

the FED purchased by printing money virtually cost free (Reference 12, P.

265). Forty percent of our personal federal income taxes goes to pay this

interest. The FED's books are not open to the public. Congress has yet to audit

it.

Congressman Wright Patman was Chairman of the House of Representatives

Committee on Banking and Currency for 40 years. For 20 of those years, he

introduced legislation to repeal the Federal Reserve Banking Act of 1913.

Congressman Henry Gonzales, Chairman of a banking committee, introduces

legislation to repeal the Federal Reserve Banking Act of 1913 nearly every

year. It's always defeated, the media remains silent, and the public never learns

the truth. The same bankers who own the FED control the media and give huge

political contributions to sympathetic members of Congress (Reference 12, P.

155-163, Reference 22, P. 158, 159, 166).

THE FED FEARS THE POPULATION WILL BECOME

AWARE OF THIS FRAUD AND DEMAND CHANGE

We, the People, are at fault for being passive and allowing this to continue.

Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and

then President of the First National Bank in Canton Ohio. For 12 years he

served as Chairman of the Committee on Banking and Currency, making him

one of the foremost financial authorities in America. He fought continuously

for fiscal integrity and a return to constitutional government (Reference 1). The

following are portions of Rep. McFadden's speech, quoted from the

Congressional Record, pages 12595-12603:

"THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS

CHEATED THE GOVERNMENTOF THE UNITED STATES AND THE

PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY

THE NATIONAL DEBT.

The depredations and the iniquities of the Federal Reserve Board and the

Federal Reserve banks acting together have cost this country ENOUGH

MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER."

About the Federal Reserve banks, Rep. McFadden said, "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; the rich and predatory money lenders. This is an era

of economic misery and for the reasons that caused that misery, the Federal

Reserve Board and the Federal Reserve banks are fully liable."

On the subject of media control he state, "Half a million dollars was spent on

one part of the propaganda organized by those same European bankers for the

purpose of misleading public opinion in regard to it."

Rep. McFadden continued, "Every effort has been made by the Federal Reserve

Board to conceal its power but the truth is the Federal Reserve Board has

USURPED THE GOVERNMENT OF THE UNITED STATES. IT

CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR

FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT

WILL.

No man and no body of men is more entrenched in power than the arrogant

credit monopoly which operates the Federal Reserve Board and the Federal

Reserve banks. These evil-doers have robbed this country of more than enough

money to pay the national debt. What the Government has permitted the

Federal Reserve Board to steal from the people should now be restored to the

people."

"Our people's money to the extent of $1,200,000,000 has within the last few

months been shipped abroad to redeem Federal Reserve Notes and to pay other

gambling debts of the traitorous Federal Reserve Board and the Federal

Reserve banks. The greater part of our monetary stock has been shipped to

foreigners. Why should we promise to pay the debts of foreigners to

foreigners? Why should American Farmers and wage earners add millions of

foreigners to the number of their dependents? Why should the Federal Reserve

Board and the Federal Reserve banks be permitted to finance our competitors in

all parts of the world?" Rep. McFadden asked.

"The Federal Reserve Act should be repealed and the Federal Reserve banks,

having violated their charters, should be liquidated immediately.

FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR

OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL", Rep.

McFadden concluded (Reference 1, contains an entire chapter on Rep.

McFadden's speech).

If the media is unbiased, independent and completely thorough, why haven't

they discussed the FED? Currently, half the states have at least a grass roots

movement in action to abolish the FED, but there's no press coverage. In July,

1968, the House Banking Subcommittee reported that Rockefeller, through

Chase Manhattan Bank, controlled 5.9% of the stock in CBS. Furthermore, the

bank had gained interlocking directorates with ABC.

In 1974, Congress issued a report stating that the Chase Manhattan Bank's stake

in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of

NBC). The same report said that the Chase Manhattan Bank held stock in 28

broadcasting firms. After this report, the Chase Manhattan Bank obtained 6.7%

of ABC, and today the percentage could be much greater. It only requires 5%

ownership to significantly influence the media (Reference 14, P. 56-57). This is

only one of 300 wealthy shareholders of the FED. It is believed other FED

owners have similar holdings in the media. To control the media, FED bankers

call in their loans if the media disagrees with them (Reference 25, P. 134-137).

Rockefeller also controls the Council on Foreign Relations (CFR), the sole

purpose of which is to aid in stimulating greater interest in foreign affairs and

in a one world government. Nearly every major newscaster belongs to the

Council on Foreign Relations. The Council on Foreign Relations controls many

major newspapers and magazines. Additionally, major corporations owned by

FED shareholders are the source of huge advertising revenues which surely

would influence the media (Reference 14, P. 56-59). It can be no wonder why

groups such as FED-UP(tm) receive minimal, if any, press attention.

How do taxpayers stop financing those whose purpose it is to destroy us? First,

expose their activity, then demand change.

THE SOLUTION:

Currently all we do is exchange FED money (interest attached) for real U.S.

money (interest-free) dollar for dollar as Kennedy tried to do. We should not be

required to pay interest on our own currency. According to Benjamin Franklin,

this was one of the primary reasons we fought the Revolutionary War. Today

we are still fighting the same family of bankers (Reference 4, Reference 1, P.

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