The Federal Reserve Bank and the income tax are illegal autocratic institutions used for social control. Before this troubling issue is explained further, a better understanding of the creation and proliferation of the U.S. money supply is required.
To begin, the Federal Reserve Bank was created in 1913, along with the Federal income tax, and is a private organization that issues the entire money supply.
It essentially creates money out of thin air and loans it to the U.S. government and others. The money loaned is loaned at an interest rate and thereafter the Federal government and its affiliates have to pay off the loan.
The 16th Amendment (used to justify the income tax) passed in 1913 states, “The Congress shall have the power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”
The case here seems cut and closed, but this is far from the truth. In fact, the amendment is completely unconstitutional and one of the greatest deceptions in history.
The definition of income, as described by the 16th Amendment, is defined in the Supreme Court ruling of Eisner vs. Montgomery as, “Income is profits and gains deriving from corporate activity,” i.e. not individuals’ labor. Chief Justice White stated in 1913, “that the Sixteenth Amendment did not authorize any new type of tax” and previously to 1913, income tax was deemed unconstitutional in 1894.
If it was unconstitutional then and by the chief justices’ own words, did not constitute any new form of taxation, then how is it constitutional now? It is not.
The Constitution allows for two types of taxes. These being direct and apportioned taxes. Article 1, section 2 states, “direct taxes shall be apportioned among the several states.”
The income tax is a direct tax for which is not apportioned among the states, thus making it unconstitutional. To make matters worse, the required number of states never properly ratified the 16th Amendment.
President Woodrow Wilson, the president in office at the time of the acts’ inception, stated after the fact, “a great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the most completely controlled and dominated governments in the world — no longer a government of 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.”
A small group of bankers and government officials were able to dupe the American people into instituting a private bank called the Federal Reserve.
Abraham Lincoln said, “Government should create, issue, and circulate all money.” Instead, the money supply is operated and controlled by private interests. The most heinous deception is that your income taxes fund government activities. This is false.
Remember I stated previously that all money is loaned, thus interest is owed. Your income taxes do just this. They pay off the interest owed to the Federal Reserve Bank that is owed by the federal government.
Why did this come to pass? A quote from President James Garfield does this question justice, “Whoever controls the volume of money in any country is absolute master of all industry and commerce.”
This is the exact reason why the Federal Reserve Bank was created, for the means of power and control. The federal government has the power to issue money, but yet it put it into the hands of private bankers.
Alluding to Garfield’s quote, corporate and economic interests are where the power lies. As Wilson stated, we are no longer free. Democracy and freedom are bygone abstractions. The banks and corporations are the masters and we, are their all too willing puppets.
It is the biggest fraud ever perpetrated on the American people by their government. The only solution to solve this problem is to shut down the Federal Reserve. The government has the authority granted in the constitution to print money interest free. They do not however have the authority to give the power to print money to a private bank.
Thomas Jefferson once said, “The issuing power of money should be taken away from the banks and restored to the people to
whom it properly belongs.” It is time for the individuals to take power away from private bankers and other corporate interests and reestablish it into the hands of the people themselves. It is time to regain what is yours and always has been, your liberty. Stand up.
Reach columnist Cole Heisey at Cole.Heisey@usd.edu.
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