Here’s What Really Happened

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America Is Unique

Have you ever wondered why America is so unique in the annals of world government? Have you ever wondered what made America that way? Most historians will say that it is because we have a system of representative government. This, however, is not the truth. Rome and Greece had representative governments too, in fact, that’s where we borrowed the idea. No, the truth is America is the only government ever where the people of the nation held total control over the wealth of the nation; as a consequence of that they also held all the power.

What Is Money

What is money? Do you really know? Most people think the bills in their wallet are money and they are partially correct. Money, in its simplest form is nothing more than a medium for exchange that everyone has agreed on for the purchase of goods and services in the nation. That’s the simple answer, but it is much deeper than that. Money and the absolute control over it is the ultimate seat of power. Whoever controls the money, controls the power, the votes, and the people.

 Power To The People

This simple fact was well understood by the founding fathers and as a consequence power and control over the money and the money supply was intentionally given to the people in our founding documents. The founders did this because they understood that all governments would eventually become corrupt. The founders also realized and instituted this monetary power for the people by the passage of the coinage act of 1792, which detailed the minting of real substance based money, and by also setting provisions in the Constitution for what entities were allowed by law to produce that money.

The coinage act legislated the United States Mint and defined the proportional value of gold and silver (real substance) used in the United States dollar; it also specified the substance based United States Dollar as the “money of account” of the United States. Article I.8.5 in the U.S. Constitution gave the United States Congress the sole right to produce this national coin, and to set its weight, fineness, and value.

 The people of the states empower the Congress to coin money and regulate the value thereof and also of foreign coins.

 Article I.10.1 declared that the States could not coin their own money or produce bills of credit and that the States could only accept the gold and silver coins minted by Congress as payment of all debt.

 No state shall …coin money; emit bills of credit; [or] make anything but gold and silver coin a tender in payment of debts.”

One of the things the founding fathers feared more than armed conflict was the control and even influence over our  money by the European banks and bankers. In fact Jefferson is quoted as saying:

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”

With these monetary provisions and powers in place the founding fathers hoped and prayed the people and the country would be safe. But you know what they say, “A fool and his money are soon parted.”

Our Money Is Stolen

In 1913 the hopes and dreams of this grand experiment were dashed under the presidency of Woodrow Wilson. In December of that year the congress and senate voted to pass and Woodrow Wilson signed into law the Federal Reserve Act. This was also the year the 16th amendment was allegedly ratified. While there is contention and debate on exactly why and how this was accomplished or if it was even done legally the end result was that complete control of the money supply was taken away from the people of America and given to a cabal of private bankers headed by the Rothschild family of the Bank of England.

While many people today think that the Federal Reserve is part of our Constitutional government they are dead wrong. That’s an extraordinary claim that needs extraordinary proof. The proof can be found in the case files of the Supreme Court of the United States. In Lewis v. United States, 680 F.2d 1239 (1982) the Supreme Court declared the Federal Reserve and their member banks were a private corporation with no ties at all to the federal government. Here’s an excerpt from that decision:

Federal reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations in light of fact that direct supervision and control of each bank is exercised by board of directors, federal reserve banks, though heavily regulated, are locally controlled by their member banks, banks are listed neither as “wholly owned” government corporations nor as “mixed ownership” corporations; federal reserve banks receive no appropriated funds from Congress and the banks are empowered to sue and be sued in their own names.”

As a side note the Federal Reserve Bank has never been audited by the United States Government and no government agency has ever overseen, questioned or tried to influence or change the Fed’s monetary policies. That’s a fairly odd set of facts for a supposed instrumentality of the United States don’t you think?

What the Fed first did after taking control of our money was to issue debt based currency. After the takeover our dollars were initially redeemable for gold on demand at any of the Fed’s member banks.


This was the state of our “money” until March of 1933 when Franklin Roosevelt outlawed private ownership of gold. At that time the Fed completely did away with dollars that were redeemable for gold and instead issued fiat currency; or currency backed by nothing.


It is important to understand that the two Federal Reserve Bank notes pictured here represent two different kinds of paper currency which are not real “money” but circulate as such: the first is debt money (money redeemable in gold) and the other is fiat money or paper money backed by nothing. Debt based notes were issued from 1913 until 1933; from 1933 to present our “currency” has been exclusively fiat “money”. Fiat currency was something so abhorrent to our Founding Father’s that they didn’t even discuss it as an option. This is also why they decided to mint only gold and silver coins as real substance based money and to give control of that money and its supply to the people of America.

Facts About Fiat Currency

All fiat currency is created out of thin air. All fiat currency is intrinsically worthless. It  has its perceived value only as long as everybody believes it does. It costs the issuer of the note nothing, it is printed at will, and distributed in what ever amounts the issuer decides. Who issues our currency? The Federal Reserve, a group of private bankers with no legal tie to our government. This fiat currency is used to pay all public and private debts. Who buys our debt? Everybody from foreign Governments to even the Federal Reserve buy the debts of the United States. Why then do we the people have to pay back these debts with our taxes when in fact there was no money loaned? That, my friend, is a good question. Ask your congressman or senator that question. He can’t answer it.

The Hidden Tax

Did you realize there is a hidden tax built into all fiat currency? This hidden tax is called inflation. Inflation is generally explained away as the natural rise in the prices of goods and services over time. But this in not true at all, prices do not naturally rise; that is a lie fostered by the banks and bankers to keep you ignorant of what is really going on. The prices of goods and services only rise in direct proportion to the loss in value of the prevailing currency. Did you also know that historically every time a nation has resorted to a fiat currency that nation and its economy has always in every instance completely collapsed?

No Way Out

Since the Federal Reserve Bank first issued this fiat currency in the United States, monetary inflation has been endemic, standards of living have declined sharply and the gulf between the wealthy, middle class and poor have dramatically increased. The housing collapse of 2009 and the near total destruction of the financial system by Wall Street can all be traced to the use of fiat money, the ease of the “money” creation, and human greed.

Prior to control of the currency being turned over to the Federal Reserve the United States ran annual budget surpluses; after the Fed took control we have had non stop budget deficits. As a consequence, the United States is now the largest debtor nation on the planet. Our national debt today is over sixteen trillion dollars. That is just its funded obligations, which are on the books; if you factor in unfunded obligations, which are off the books and hidden from the public, the total debt rises to over one hundred trillion dollars. That amount of debt is incomprehensible! To just service the current funded debt today the United States is obligated to pay about one hundred and sixty billion dollars a year in interest fees. That’s about sixteen percent of the annual budget. And that number will go up every year, year after year after year. Hiding the true amount of the government’s liabilities from the public by sweeping the unfunded obligations in the closet makes it appear that we can tax our way out of these massive, mounting deficits. The truth is we can’t. These debts will never be paid and the likely outcome for this nation is a default and complete financial collapse at some future date. When this happens the United States will then be swept into the ash-bin of history as just another failed experiment.

The Big Lie

What is my point? My point is to just explain as simply as possible what is really going on financially in America. I don’t like being lied to and everything that comes out of D.C. about the economy and the economic condition of America is nothing but a self serving lie. On the other side of the coin there are many people – generally those in power – who view this as just normal business. They think we can pull ourselves out of this mess. I think these are the same kind of folks that think they can go to Vegas and win. This attitude is only promoted by the mathematically challenged. And so it goes.

Is there a way out of this mess? Yes there is, but it won’t happen until someone with the hutzpah comes along and has the balls to tell the American Public the truth.

As a parting note there are numerous references available online to back up the facts detailed in this article. Here’s a list of just some of them: The Creature From Jekyll Island, Web of Debt, Secrets of The Temple, Modern Money Mechanics, Affidavit of Walker F Todd, Senate Report No. 93-549, Billions For The Bankers Debts For The People, Congressman McFadden on The Federal Reserve,  Gold and Economic Freedom by Alan Greenspan. Gold and Economic Freedom is a must read. It’s short and to the point and will totally turn your head around because it points out the fact that we have been lied to for the last 100 years by the very people that are supposed to be protecting our freedom.

To Read Gold and Economic Freedom CLICK HERE

© Richard Woodling 2013