APPENDIX # B, TO THE CREATURE FROM JEKYLL ISLAND, BY G. EDWARD
A DO NOT BECOME A MEMBER OF THAT
FASCIST ORGN KNOWN AS THE CFR.)
A plan for eliminating the FED. So much for things not to do. All
that would be required to abolish the FED is an act of Congress consisting
of one sentence: "The Federal Reserve and all of its amendments are hereby
rescinded." But that would wipe out our monetary system overnight and
create such havoc in the economy that it play right into the hands of the
globalists. They would use the resulting chaos as evidence that a move was
a mistake, and the American people would likely welcome a rescue from the
IMF/World Bank. We find ourselves back in the Pessimistic Scenario even
though we had done the right thing. There are certain steps that must
precede the abandonment of the FED if we are to have a safe passage. The
first step is to convert our present fiat money into real money. That means
we must create an entirely new money supply which is 100% backed by precious
metal-and we must do so within a reasonably short period of time. To that
end we must establish the true value of our present fiat money so it can be
exchanged for new money on a realistic basis and phased out of circulation.
Here is how it can be done:
A Plan for Eliminating the FED.
The Federal Reserve System must be abolished for the following
A. It is incapable of accomplishing its stated objectives;
B. It is a cartel operating against the public interest;
C. It the supreme instrument of usury;
D. It generates our most unfair tax, (inflation);
E. It encourages war;
F. It destabilizes our economy;
G. It is an instrument of totalitarianism;
There are certain steps that must precede the abandonment of the FED
if we are to have a safe passage. The first step is to convert our present
FIAT(Counterfeit) money into real money. That means we must create an
entirely new money supply which is 100% backed by precious metal-and we must
do so within a reasonably short period of time. To that end, we also must
establish the true value of our present FIAT money so it can be exchanged
for new money on a realistic basis and phased out of circulation. Here is
how it can be done:
Step 1. Repeal The Legal-tender Laws. The Federal Government will
continue accepting Federal Reserve Notes in the payment of taxes, but
everyone else will be free to accept them, reject them, or discount them as
they wish. There is no need to force people to accept honest money. Only
FIAT money needs the threat of imprisonment to back it up. Private
institutions should be free to innovate and to compete. If people want to
use Green Stamps or Disney-ride coupons or Bank-of-America Notes as a medium
of exchange, they should be free to do so. The only requirement should be
faithful fulfillment of contract. If the Green-Stamp company says it will
give a crystal stamp for seven books of stamp, then it should be compelled
to do so. Disney should be required to accept the coupon in exactly the
manner printed the back. And, if Bank of America tells its depositors they
can have their dollars back any time they want , it should required to keep
100% backing (coins or Treasury Certificates) in its vault at all times. In
the transition to a new money, it is anticipated that the old Federal
Reserve Notes will continue to be widely used.
Step 2. Freeze the present supply of Federal Reserve Notes, except
for what will be needed in step number six.
Step 3. Define the "real" dollar in terms of precious-metal
content, preferably what it was in the past: 371.25 grains of silver. It
could be another weight of silver or even another metal, but the old silver
dollar is a proven winner.
Step 4. Establish gold as an auxiliary monetary reserve which can
be substituted for silver, not at a fixed-price ratio, but at whatever ratio
is set by the free market. Fixed ratios always become unfair over time as
the prices of gold and silver drift relative to each other. Although gold
may be substituted for silver at this ratio, it is only silver that is the
foundation for the dollar.
Step 5. Restore free coinage at the U. S. Mint and issue silver
"dollars" as well as gold "pieces." Both dollars and pieces will be defined
by metal content, but only coins with silver content can be called dollars,
half-dollars, or tenth-dollars (dimes). At first, these coins will be
derived only from metal brought into the Mint by private parties. They must
not br drawn from the Treasury's supply which is reserved for use in step
Step 6. Pay off the national debt with Federal Reserve Notes
created for that purpose. Creating money without backing is forbidden by
the Constitution; however, when no one is forced by law to accept Federal
Reserve Notes as legal tender, they will no longer be the official money of
the United States. They will be merely a kind of government script which
no one is required to accept. Their utility will be determined by their
usefulness in payment of taxes and by the public's anticipation of having
them exchanged for real money at a later date. The creation of Federal
Reserve Notes, with the understanding that they are not the official money
of the United States, would therefore not be a violation of the
Constitution. In any event, the deed is already done. The decision to
redeem government bonds with Federal Reserve Notes is not ours. Congress
decided that long ago, and the course was set at the instant those bonds
were issued. We are merely playing out the hand. The money will be created
for that purpose. Our only choice is when: now or later. If we allow the
bonds to stand, the national debt will be repudiated by inflation. The
value of the original dollars will gradually be reduced to zero while only
the interest remains. Everyone's purchasing power will be destroyed, and
the nation will die. But if we want not to repudiate the national debt and
decide to Pay it off now we will be released from the burden of interest
payments and, at the same time, prepare the way for a sound monetary system.
Step 7. Pledge the government's hoard of gold and silver (except
the Military stockpile) to be used as backing for all the Federal Reserve
Notes in circulation. The denationalization of these assets is long
overdue. At various times in recent history, it was illegal for Americans
to own gold, and their private holdings were confiscated. The amount which
was taken should be returned to the private sector as a matter of principal.
The rest of the gold supply also belongs to the people, because they paid
for it through taxes and inflation. The government has no use for gold or
silver except to support the money supply. The time has come to give it
back to the people and use it for that purpose.
Step 8. Determine the weight of all gold and silver owned by the u.
s. Government and then calculate the total value of that supply in terms of
real (silver) dollars.
Step 9. Determine the number of all the Federal Reserve in
circulation and then calculate the real-dollar value of each one by dividing
the value of the precious by the number of Notes.
Step 10. Retire all Federal Reserve Notes from circulation by
offering exchange for dollars at the calculated ratio. There will be enough
gold or silver top redeem every Federal Reserve Note in circulation. NOTE
Step 11. Convert all contracts based on Federal Reserve Notes to
dollars using the same exchange ratio. That includes the contracts called
mortgages and government bonds. In that way, monetary values expressed
within debt obligations will be converted on the same basis and at the same
time as currency.
Step 12. Issue Silver Certificates. As the Treasury redeems
Federal Reserve Notes for dollars, recipients will have the option of taking
coins or Treasury Certificates which are 100% backed. These Certificates
will become the new paper currency.
Step 13. Abolish the Federal Reserve System. It would be possible
to allow the System to continue as a check clearing-house so long as it not
function as a central bank. A check clearing-house, probably one in each
county, will be needed, and the 12 banks that presently own the FED should
be allowed to continue performing that service. However, the Federal
Reserve System, as presently chartered by Congress, must be abolished.
Step 14. Introduce free banking. Banks should be deregulated and,
at the same time, cut loose from protection at taxpayers' expense. No more
bailouts. Nothing or no-one is too big to fail. Rescind Amendment # XIV,
Section 4. Recent events shows that the management of taxpayers funds is
beyond the capability of Congress. The FDIC and other government
"insurance" agencies should be phased out and their functions turned over to
real insurance companies in the private sector. This will also eliminate
the functions of "other" quasi-official agencies from influencing in any
way, the Federal Government. Banks should be required to keep 100% reserves
for demand deposits, because that is a contractual obligation. Al forms of
time deposits should be presented to the public exactly as CDs are today.
In other words, the depositor should be fully informed that his/her money is
invested and he or she will have to wait a specified time before the money
can be returned. Competition will insure that those institutions that best
serve their customer's needs will prosper. Those that do not will fall by
the wayside-without the need of an army of bank regulators.
Step 15. Reduce the size of government. No solution to our
economic problems is possible under socialism. It is the author's view that
the government should be limited to the protection of life, liberty, and
property-nothing more. That means the elimination of almost all of the
socialist-oriented programs that now infest the federal bureaucracy. If we
hope to retain-or perhaps to regain-our freedom, they simply have to go. To
that end, the federal government should sell all assets not directly related
to its primary function of protection; it should privately sub-contract as
many of its services as possible; and it should greatly reduce and simplify
Step 16. Restore national independence. A similar restraint must
be applied at the international level. We must reverse all programs leading
to disarmament and economic interdependence. The most significant steps in
that direction will be to Get us out of the UN and the UN out of US and stop
all foreign aid because all we do is prop up dictators who are our friends
as long as we buy them, BESIDES, AREN'T WE BROKE., but that will be just the
beginning. There are hundreds of treaties and administrative agreements
that must be rescinded. There may be a few that are constructive and
mutually to us and other nations, but the great majority of them will have
to go. That is not because we are isolationist. It is simply because we
want to avoid being engulfed in global tyranny.
GRIFFIN AS COPIED BY C. L. McWORTER SR.
Structure And Function of The Federal Reserve System.
The three main components of the FED are: (1) the national Board of
Governors, (2) the regional Reserve Banks, and (3) the Federal Open Market
Committee. Lesser components include: (4) the commercial banks which hold
the stock, and (5) the advisory councils.
The function of the national Board of Governors is to determine the
system's monetary policy. The Board consists of seven members who are
appointed by the President and confirmed by the Senate. Their terms are
fourteen years and are fourteen years and are staggered so that they do not
coincide with the presidential term of office. The purpose of this is to
ensure that no single President can dominate FED policy by stacking the
Board with his appointments. One Board member is appointed as the chairman
for four years and another as Vice Chairman for four years. The Chairman
controls the staff an is the single most powerful influence within the
Control is exercised by the Board and a handful of top staff
employees. The Federal Reserve Act mandated that the President, when
selecting Governors "shall have due regard to a fair representation of the
financial, agricultural, industrial and commercial interests, and
geographical divisions of the country." This mandate is now almost
completely ignored, and the men come primarily from the fields of banking
The function of the regional Reserve Banks is to hold cash reserves
of the system, to supply currency to member banks, to clear checks, and act
as fiscal agent for the government.
The twelve regional Reserve Banks are located in Atlanta, Boston,
Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York,
Philadelphia, Richmond, San Francisco, and St. Louis. They are corporations
with stock held by the commercial banks which are members of the system.
Member banks elect the directors of the regional Reserve Banks of which they
are a part. The larger banks hold more shares but they have only one vote
in the selection of the Directors.
Within each Regional-bank system there are nine Directors. The
member banks elect three Class-A directors who represent the banking
industry and three Class-B directors who represent the general public. The
remaining three Class-C directors are appointed by the national Board. The
Chairman and Vice-Chairman of each Reserve Bank must be Class-C directors.
The selection of President and other officers is subject to control by the
national Board of Governors. In this way, the national Board is able to
exercise control over the regional branches of the system. The function of
the Federal Open Market Committee is to implement policy set by national
board, although it exercises considerable autonomy in setting its own
policy. It manipulates the money supply and interest rates primarily by
purchasing or selling government securities-although it also accomplishes
that through the purchase or sale of foreign currencies and the securities
of other governments as well. Money is created and interest rates go down
when it purchases. Money is extinguished and rates go up when it sells.
Policy is formulated on a daily basis. In fact , it is monitored by the
minute and the Committee often intervenes in the market to affect immediate
The Open Market Committee is composed of the national Board of
Governors plus five of the twelve regional Presidents who serve on a
rotating basis. The exception to this is the PRESIDENT OF THE New York
regional Bank who is always on the Committee. Thus, once again, the System
is firmly in control of the national Board with the President of the New
York regional Bank being more powerful than the others.
Twenty-four bond dealers handle all sales of government securities.
Government agencies cannot exchange with each other without going through
dealers who earn commissions on each transaction.
Decisions are made at secret meetings. A brief report is released
to the public six weeks later, but transcripts of the deliberations are
destroyed. That policy was begun in 1970 when the Freedom-of-Information
Act was passed. Not even the CIA enjoys such secrecy.
The function of the member Banks is to conduct the nation's banking
business and to implement the System's monetary policy in terms of putting
money into or drawing it out of the system at the point of contact with
individual or corporate borrowers.
This leads to the troublesome question of ownership. The federal
government does not own any stock in the System. In that sense, the FED is
privately owned. [Here we enter into "what to do with all the interest
income and fees from the credit card system!"] That, however, is misleading
in that it implies a typical private-ownership in which the stockholders own
and control. Nothing could be further from the truth. In this case, the
stock carries no proprietary interest, cannot be sold or pledged as
collateral, and does not carry ordinary voting rights. Each bank is
entitled to but one vote regardless of the amount of stock it holds. In
reality, the stock is not evidence of "ownership" but simply certificates
(sic) showing how much capital each bank has put into the System. It is not
a government agency and it is not a private corporation in the normal sense
of the word. It is subject to political control yet, because of its
tremendous power [paid for with our money] over politicians and the elective
process, it has managed to remain independent of political oversight.
Simply stated, it is a cartel, and its organizational structure is uniquely
structured to serve that end.
(. A plan for eliminating the Federal Reserve and returning the Congress to
its rightful place in Government -Lindbergh, Charles A, Sr. "This act
establishes the most gigantic trust on earth. When the President signs this
bill, the invisible government by the monetary power will be legalized. The
people may not know it immediately, but the day of reckoning is only a few
years removed. The trusts will soon realize that they have gone too far for
their own good. The people must make a declaration of independence to
relieve themselves from the Monetary Power. This they will be able to do by
taking control of Congress...Wall Streeters (sic) could not cheat us if you
Senators and Representatives did not make a humbug of Congress...the
greatest crime of Congress is its currency system/the worst legislative
crime of the ages is perpetrated by this banking bill. The caucus and the
party bosses have again operated and prevented the people from the benefit
of their own government." [Rep. Minn], Congressman, Father of Famous
Aviator. Dec 22, 1913 the day before President Woodrow Wilson signed the
Federal Reserve Act, in a speech before the House of Representatives.
Lindbergh, Charles A, Sr. "When the President signs this act
[Federal Reserve Act of 1913], the invisible government by the money
power~(Wall Street Bankers. CLM Sr) proven to exist by the Monetary Trust
Investigation~will be legalized. The new law will create inflation when the
trusts (CFR/FED. CLM Sr) want inflation. From now on, depressions will be
scientifically created." [the inflation we now experience and the depression
we now experience was an artificially generated depression by the FED at the
instigation of the CFR.
You have known (or would have known if you were doing your job)
since 1913 that this day was bound to come, but no, the Ponzi scheme was
continued on. You, above all others, should step in and identify who was on
the pay roll of the CFR, Dodd, Frank, Gingrich, Obama, Mitt, are some. There
are many others.
You people have allowed one man to take a govt job even when it is
in direct violation of the Constitution. He is now a Rep. From Florida and
he should be impeached again, and fired. But no, he is one of them!
The FED must be eliminated NOW. CREDIT CARDS MUST BE WITHDRAWN AND
DESTROYED NOW. INDEBTEDNESS WILL DESTROY THIS NATION.
DO NOT SIGN OR RENEW THE CHARTER FOR THE CENTRAL BANK.
FED, World Bank, IMF, Agency for International Development, IRS, Trilateral
Commission, FASCIST UN, All elements of the CFR, the Bilderbergers, ,World
Bank, FDIC, and many others must be uncovered and abolished. In addition to
the above, the man behind must answer to the man who is the richest and most
powerful man in the whole world, a BACKER of the Bank of England, Baron
Rothschild. The ConocoPhillips Oil Companies pay all those billion and
million dollar bonus to certain banking concerns. ( "Continental/Phillips
pay a tremendous salary to The House of Rockfeller OIL Co, and the Phillips
66 Oil Co).
The message is ready to be sent with the following file or link attachments:
Appendix B. The Creature From Jekyll IslandStructure And Function o