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private banks. The Federal Reserve was created by Congress in 1913, after a financial panic that led to a secret meeting at banker J.P. Morgan’s private resort, off the coast of Georgia at a place called Jekyll Island. (I’m not sure if Hyde was present). “Those who attended represented the great financial institutions of Wall Street, and, indirectly, Europe as well. The reason for secrecy was simple. Had it been known that rival factions of the banking community had joined together, the public would have been alerted to the possibility that the bankers were plotting an agreement in restraint of trade—which, of course, is exactly what they were doing. What emerged was a cartel agreement with five objectives: stop the growing competition from the nation’s newer banks; obtain a franchise to create money out of nothing for the purpose of lending; get control of the reserves of all banks so that the more reckless ones would not be exposed to currency drains and bank runs; get the taxpayer to pick up the cartel’s inevitable losses; and convince Congress that the purpose was to protect the public. It was realized that the bankers would have to become partners with the politicians and that the structure of the cartel would have to be a central bank.”12 These are some of the same players who wanted to take down FDR during the Great Depression. During his last year in office, JFK made an attempt to strip the Federal Reserve of its power to loan money to the government at interest. Executive Order No. 11110 gave the treasury back the power to issue currency, and not have to go through the Federal Reserve. Kennedy put nearly $4.3 billion into circulation of U.S. notes backed by silver certificates, whereas the Federal Reserve’s notes aren’t backed by anything. The handwriting was on the wall: They could be soon out of business. But guess what? After JFK was assassinated only five months later, there weren’t any more silver certificates issued. The Executive Order has never been repealed, but not a single president since has chosen to utilize it.13 Dare I say it—Will my life be at risk?—I’d like to see us back on some type of standard where our money truly has value. My big problem with the Federal Reserve is, why does the government allow this monopoly that’s in bed with the banking industry to make basically all of our country’s financial decisions? Those people aren’t elected. We form these other entities that are permitted to make policy, when in reality they’re unconstitutional. The public has to be involved in the process, our Constitution says. Here, whoever controls the money has the power. So the Federal Reserve is really more powerful than the government—and we don’t elect them.

Profile for HAROLD ARROYO, JR.

AMERICAN CONSPIRACIES, LIES AND DECEPTION FROM THE U.S. GOVERNMENT, JESSE VENTURA  

AMERICAN CONSPIRACIES, LIES AND DECEPTION FROM THE U.S. GOVERNMENT, JESSE VENTURA  

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