Thursday, February 26, 2009

Fed5...Betrayal

In exchange for financial support for his presidential campaign, Woodrow Wilson's agreed that if elected, he would sign the Federal Reserve Act. In December 1913, while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and signed by President Wilson. Regarding his actions Wilson later admitted. "I have unwittingly ruined my country".
The Fed became law the day before Christmas Eve, in the year 1913, and shortly afterwards, the German International bankers, Kuhn, Loeb and Co. sent one of their partners here to run it.
PRESIDENT WOODROW WILSON: "A great industrial Nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the Nation, therefore, and all our activities are in the hands of a few men... who necessarily, by very reasons of their own limitations, chill and check and destroy genuine economic freedom." "We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government by free opinion, no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominant men". (Just before he died, Wilson is reported to have stated to friends that he had been "deceived" and that "I have betrayed my Country". He referred to the Federal Reserve Act passed during his Presidency.)
The un-ratified 16th AmendmentThe Constitution only allowed direct apportioned taxation amongst the States, so indirect Income Tax was initiated through the 16th Amendment so as to allow Congress to pay the bankers interest on our money and for any other whim. The 16th Amendment was pushed through without proper ratification in February of 1913.
According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own.

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