In 1913 powerful bankers finally achieved their goal of silently gaining power creating an invisible “shadow” government. Those bankers that created the ability of power over America’s currency and tax system were: J.P. Morgan, John D. Rockefeller, and Paul Warbug. They convinced Secretary of State Philander Knox to lie to the American people by telling them that the 16thAmendment, the income tax amendment, had been legally ratified by the states of the Union. The bankers knew that the new tax system would ultimately benefit them for they were planning a second phase of their takeover of the monetary system (1913) and unconstitutionally put America’s currency into the hands of private enterprise rather than the authority of Congress. That second phase was the institution called the Federal Reserve Bank system – controlling currency in its making and its value.
The government now had a tax from the labor of Americans, and by so doing, created a tax system that would be a double tax where your income is taxed by forced removal from your paychecks, from which you must pay other taxes out of money already taxed. In addition, interest and dividends earned from money already taxed is taxed again. It has been brought to the attention to the American public of this fraud, but they were ignored. Like in 2003:
If you … examined the 16thAmendment carefully, you would find that a sufficient number of states never ratified that amendment. – U.S. District Court Judge James C. Fox
Ron Paul has told the American people about the Federal Reserve Bank and its unconstitutional authority with no oversight, despite congressional investigations. Instead of being hailed as a patriot congressman, Dr. Paul has been looked upon as a “kook” or ignored like the District Court Judge Fox – and the mainstream controlled media has aided in keeping the shadow government operating. The creation of Federal Reserve system occurred during Christmas vacation in 1913 when many senators were at away from Washington, DC and that is how the Federal Reserve Actcame into being. The outline of the system had been planned three years prior in 1910 in a secret meeting on Jekyll Island where major bankers attended. The US Government had literally turned over control of the monetary system to private bankers – which had been opposed by several states who feared a Money Trustwould be formed. iSome researchers claim that Woodrow Wilson’s presidential campaign was financed by those same bankers who were planning the Federal Reserve act since 1910, and who fulfilled a promise by signing the act after the illegal vote in Congress in 1913. In the 1930s, the Federal Reserve Act was amended to create the Federal Open Market Committee that consisted of the Board of Governors of the Federal Reserve System that are required to meet four times a year at a minimum.
The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy. iii
Barack H. Obamapromised when he campaigned for President of the United States that he would create a more visible government. In reality, it has become more invisible in certain aspects and generally nothing has changed. It is the right of the American people to know what goes on in the Federal Open Market Committee meetings.