AOH :: FED-UP2.TXT|
Text on abolishing the Federal Reserve System and why it needs to be done
What's the difference between a United States Note (dollar) and a Federal
Reserve Note (dollar)?
1) Only the United States Note (dollar) is legal, according to Article 1,
Section 8 of our founding fathers' Constitution.
2) When the U.S. government runs a $400 billion deficit, Congress prints
$400 billion to cover this deficit (so far, there's no debt incurred).
ÛÛ If Congress printed United States Notes (dollars), the government
would not give $400 billion of government interest-bearing bonds
(debt) to the Federal Reserve Bank (the "FED").
ÛÛ When Congress prints Federal Reserve Notes (dollars), the
government gives the Federal Reserve Bank $400 billion in
interest-bearing bonds (debt). Taxpayers must now pay back the
$400 billion in bonds, plus interest.
ÛÛ The FED pays roughly 3› for each $100 bond they receive*. The FED
bought the $4 trillion of our national debt this way.
ÛÛ The FED sells these bonds to U.S. citizens and foreigners.
Neither the FED nor the foreigners who buy these bonds pay IRS
taxes. This system allows the FED to pay huge dividends to its
owners. Owners? Yes, he Federal Reserve Bank is privately owned.
Unbelievable? Read the Encyclopedia Britannica.
ÛÛ The owners of the FED use their profits to own or control all
major media in this country. If you find this hard to believe, I
encourage you to read En Route To Global Occupation by Gary Kah,
pages 56 & 57, and also The New World Order by Robertson, pages
Contact your Congressman using the Freedom Of Information Act!
The biggest political funders of Congress are the FED (owners) and its
member banks. Your $6,000 in illegally collected taxes (according to the
Constitution) are being used to fund Congressional elections, buy the
media, and keep money flowing to the rich. While the Rockefellers are
getting richer, the middle class is being taxed to death. The average
American family pays $6,000 in taxes per year to pay interest on the bonds
(debt) the bank bought for 3›! If the Constitution were being upheld, the
$4 trillion national debt would not exist. By law, the collateral for the
national debt is all the assets of all the U.S. citizens (your house, car,
etc). If we do not stop the FED, by 1997 all our taxes will pay is only
the interest on the national debt.
Thomas Jefferson predicted this would happen if we violated our
Constitution and allowed a bank like the FED to exist. Benjamin Franklin
stated that the primary reason for the Revolutionary War was to stop the
Bank of England from doing what the FED is doing to us today.
Why do we pay interest on our currency? The common but incorrect
assumption is that the FED's profits are returned to the U.S. Treasury.
The truth is that the FED is a private bank in business to make money. We
currently pay taxes to cover the interest on roughly $300 billion. This is
artificial debt, and by special agreement, The U.S. Treasury only receives
$20 billion in return. Taxpayers lose $280 billion to the FED banking
system every year, and much of that money is paid to foreigners. These
dollar figures are available at your local library (Economic Report of the
Join us to abolish the FED and cut our taxes!!!!
We don't need the FED for our currency. On June 4, 1963, President Kennedy
issued Executive Order 11110 to print real U.S. dollars with no debt or
interest attached. He bypassed the FED, and upon his death, the printing
ceased and the currency was withdrawn. The 1963 Kennedy dollar is a real
U.S. Note. It says "United States Note" - NOT "Federal Reserve Note".
It's ridiculous for us to allow a privately owned bank to profit on our
currency, and Kennedy put a stop to it. To see an actual Kennedy dollar,
visit your local coin dealer.
What's the solution? The U.S. government can buy back the FED at any time
for $450 million (per Congressional Record). If we bought it, we would get
over $450 million in bonds owned by the FED and the government, so the real
cost is nothing. The U.S. Treasury could start collecting the profit on
our currency instead of giving the profit to the shareholders of the FED.
The $4 trillion national debt could be exchanged dollar-for-dollar with
non-interest bearing U.S. Notes when the debt comes due. This would result
in a huge cut in taxes! There would be no additional currency in
circulation, so there would be no inflation.
According to the Constitution, Congress is to control the printing of money
and keep the amount of inflation or deflation in check. If Congressmen
aren't doing their job, they should be voted out of office. Unfortunately,
we can't vote the FED or its chairman out of office.
Remember, the ones who scream the loudest to keep the FED probably profit
Plan of action: Join over 10,000 Americans who are committed to
distributing literature on the FED. It's easy - when you go to work, the
store, etc, tell people, "Nationally, we're trying to cut taxes. Be
informed and tell your friends." You don't need to explain it - they'll
read it. As more and more Americans become informed, change is inevitable.
Anonymously mail your Congressman one teabag, and include a handwritten
note that says: "Abolish the FED. Just say 'No' to a Cashless Society,
'No' to the New World Order and the proposed international money and 'No'
to the U.N. troops in the U.S.A. Uphold The Constitution As You Are Sworn
Call the U.S. Capital switchboard at 202/224-3121 for federal lawmakers'
names and addresses or contact your local library. Together we can make a
difference! Help us collect signatures on a petition - America's future
depends on you!
I openly challenge the media to make this information public! They promote
the FED and United Nations, not the Constitution. Join our organized
efforts for a FREE America!
The FED owners are trying to implement the so-called New World Order (One
World Government). In order to accomplish this, they must change our
Constitution, eliminate our rights, and create a huge artificial debt,
which they've already done.
Do your own research - find out what gun control, the national debt, and
the balanced budget amendment/Constitutional Convention (which would change
or eliminate our Constitution) have to do with New World Order/U.N., and
the FED owners. If you want more information, send $1 and a
self-addressed, stamped business-size envelope. Offer valid while we still
have freedom of speech. Price subject to change without notice.
I challenge you! Take the time, go to the library, and discover that this
information is factual!
7 states have already introduced or passed legislature to abolish the FED.
The problem is...29 of the required 34 states have passed a resolution for
a Constitutional Convention (Balanced Budget Amendment). This would make
our existing Constitution vulnerable to replacement by a Constitution
developed by the FED owners. Your religious, free speech, and jury trial
rights could be abolished, and your home could be seized for $1 without the
matter going to court. If Congress initiated the amendment, then our
Constitution remains safe, except for treaties made with he United Nations.
For information on how to save the Constitution, call (217) 787-8519.
Will we allow them to take away our rights, or will we abolish the FED, cut
our taxes and maintain our freedom?
You decide America's future! Distribute this information while we still
have time. If they win, we lose all the rights our forefathers fought for.
Our children deserve to be free. We will stop this FRAUD of the FED!
*The FED pays 3› for a $100 bill and exchanges it for a $100 bond.
Thomas D. Schauf, CPA, FED-UPTM
P.O. Box 681164, Schaumburg, IL 60168-1164
³ Help us spread the word! Print and photocopy this file and distribute ³
³ it to friends, neighbors, co-workers, etc. ³
³ First we must inform America - Then Force Change!! ³
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