The Federal Reserve

The following is an exerpt from (what I am 95% sure of) a pamphlet written by Francis Shoemaker a congressman from Minnesota who served. He was actually born about 30 miles from where I live and had a pretty interesting past. What he wrote is of more importance though. I am working on finding a copy of the text he wrote which is titled "The Federal Reserve Bank (The Greatest Steal In American History)" so that I can confirm the source. What is written below was something I came across and through my powers of deduction and google's help I was able to find out what I think is the source.

What makes me interested and disgusted in this is that right now there is a movement - well one person to audit the federal reserve. It is not being met with much positive talk and after reading the following you may begin to understand why. So when you hear the Federal Reserve Chairman and others who deal publicly with this body you can begin to understand a little better how and why our government runs the way it does.


"Few Americans know of the betrayal that was plotted on Jekyll Island, Georgia, which was destined to defraud Americans of their wealth and opportunity, and would eventually lead to the subjugation of our great democratic experiment to a centralized global dictatorship.

"In November of 1910, after having consulted with the Rothschild banks in England, France, and Germany, Senator Nelson Aldrich boarded a private train in Hoboken, N.J. His destination was a hunting club owned by JP Morgan.

"Aboard the train were six other men: Benjamin Strong, President of Morgan's Bankers Trust Co., Charles Norton, President of Morgan First National Bank of New York, Henry Davidson, senior partner of JP Morgan, Frank Vanderlip, President of Kuhn Loeb's National City Bank of New York, A. Platt Andrew, Assistant Secretary of the Treasury, and Paul Warburg. The secret meeting, as described by one of its architects, Frank Vanderlip, went as follows.

"There was an occasion near the close of 1910 when I was as secretive, indeed as furtive, as any conspirator. I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.

"We were told to leave our last names behind us. We were told further that we should avoid dining together on the night of our departure. We were instructed one at a time....where Senator Aldrich's private car would be in readiness, attached to the rear end of the train for the South. Once aboard the private car, we began to observe the taboo that had been fixed on last names. Discovery, we knew, simply must not happen, or else all our time and effort would be wasted.

"The goal was to establish a private bank that would control the national currency. The challenge was to slip the scheme to the representatives of the American people. Earlier, it had been called the Aldrich Bill and received effective opposition.

"The planners of the revised bill titled it "The Federal Reserve Act" to mask its real nature. It would create a system controlled by private individuals who would control the nation's issue of money. Furthermore, the Federal Reserve Board, composed of twelve districts and one director (the Federal Reserve Chairman) would control the nation's financial resources by controlling the money supply and available credit, all by mortgaging the government through borrowing.

"The plan worked. The Federal Reserve Bill was held until December 23 (two days before Christmas) before it was presented to the House and Senate. Only those senators and congressmen who had not gone home for the holidays -- those who owed favors to, or were on the payroll of, the bankers were present to sign the legislation.

"The name 'Federal Reserve Bank' was designed to deceive, and it still does. It is not federal, nor is it owned by the government. It is privately owned. It pays its own postage like any other corporation. Its employees are not civil service. Its physical property is held under private deeds and is subject to local taxation (government property is not)."

The more things change the more they stay the same.