Even as early as 1916 President Woodrow Wilson was saying: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world--no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small amount of dominant men." No more stinging condemnation of a concept can be given than by the man who, convinced it was for the good, championed it in the first place!

This is the official site of the FED. Complete DENIAL that they are privately owned! "Who owns the Federal Reserve? The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects."

"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the united States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board." [Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932]

A Talk by G. Edward Griffin Author of The Creature from Jekyll Island # The Federal Reserve is incapable of accomplishing its stated objectives. # It is a cartel operating against the public interest. # It's the supreme instrument of usury. # It generates our most unfair tax. # It encourages war. # It destabilizes the economy. What I'm trying to say is that the name of the game out there is not wealth, it is power. Back in 1910, Jekyll Island was completely privately owned by a small group of millionaires from New York. We're talking about people such as J. P. Morgan, William Rockefeller and their associates. The clubhouse is where the Federal Reserve System was created. Let's retell that story in detail and see how it came about. The year was 1910, that was three years before the Federal Reserve Act was finally passed into law.

Court Rules Federal Reserve is Privately Owned Lewis v. United States, 680 F.2d 1239 (1982) United States Court of Appeals, Ninth Circuit. Submitted March 2, 1982. Decided April 19, 1982. As Amended June 24, 1982. There are no sharp criteria for determining whether an entity is a federal agency within meaning of the Federal Tort Claims Act, but critical factor is existence of federal government control over "detailed physical performance" and "day to day operation" of an entity. . . . 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. . . . Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank's nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors It is evident from the legislative history of the Federal Reserve Act that Congress did not intend to give the federal government direction over the daily operation of the Reserve Banks The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act. In United States v. Orleans Additionally, Reserve Banks, as privately owned entities, receive no appropriated funds from Congress. . Finally, the Banks are empowered to sue and be sued in their own name. It is clear from this that in some circumstances, the Federal Reserve Bank can be considered a government "instrumentality", but cannot be considered a "federal agency", because the term carries with it the assumption that the federal government has direct oversight over what the Fed does. Of course it does not, because most people who know about this subject know that the Fed is "politically independent." Note - Even though this was originally released in 1992, the essential information in it is more relevant today than ever. Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED] Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed: Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). The following are portions of Rep. McFadden's speech, quoted from the Congressional Record, pages 12595-12603: By law (check the Congressional record), we can buy back the FED for the original investment of the FED's 300 shareholders, which is $450 million (Reference 1, P. 227, Reference 17, P. 36). If each taxpayer paid $25, we could buy back the FED and all the profit would flow into the U.S. Treasury. In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. Thomas Jefferson stated, "If the American people ever allow private banks to control the issue of 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 will wake up homeless on the continent their fathers conquered." (Reference 1, P. 247) Later, Jefferson used stronger language and denounced the institution as "one of the most deadly hostilities against the principles and form of our Constitution." Some have said that Jefferson did not favor a strong central bank. What he did not favor was the delivery of our monetary system into private hands to be run for private profit. (Reference 1, P. 230) MEDIA BLACKS OUT THE FACTS RICHARD SALANT, former President of CBS News stated: "Our job is to give people not what they want, but what WE decide they ought to have." RICHARD M. COHAN, Senior Producer of CBS political news said: "We are going to impose OUR AGENDA on the coverage by dealing with issues and subjects that WE choose to deal with."

The Federal Reserve Is A PRIVATELY OWNED Corporation By Thomas D. Schauf © 1992 11-28-98 Note - Even though this was originally released in 1992, the essential information in it is more relevant today than ever. Rothschild, a London Banker, wrote a letter saying "It (Central Bank ) gives the National Bank almost complete control of national finance. The few who understand the system will either be so interested in its profits, or so dependent on its favours, that there will be no opposition from that class... The great body of the people, mentally incapable of comprehending, will bear its burden without complaint, and perhaps without even suspecting that the system is inimical (contrary) to their interests." [The bankers created the legislation for the FED] Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed: How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly ruined my country"

Blah Blah Blah From Wikipedia For Reference

Resolved Question Income Tax Fraud!!!!? YaHoo Answers Forum Reply by NGC6205 I suggest you go to http://evans-legal.com/dan/tpfaq.html and lookup almost every point in the film. I also recommend that you try and verify different quotes from the film from RELIABLE websites. Judge Fox's statement was in the context of giving an example. He was not making a statement of fact. Here is a larger portion of the transcripts where that quote was made. [QUOTE] "I will say I think, you know, colonel, I have to tell you that there are cases where a long course of history in fact does change the Constitution, and I can think of one instance. I believe I'm correct on this. I think if you were to go back and try to find and review the ratification of the 16th amendment, which was the internal revenue, income tax, I think if you went back and examined that carefully, you would find that a sufficient number of states never ratified that amendment...And nonetheless, I think it's fair to say that it is part of the Constitution of the United States, and I don't think any court would ever...set it aside." [END QUOTE] The comments made by Judge Fox were made in passing, without judicial review, and in a case that had nothing to do with the 16th amendment. In the end, the Judge also said that he didn't think any court would ever set it aside. What it all boils down to is the movie is inaccurate conspiracy theory nonsense. The facts are: 1. There is a law concerning income taxes and it is the Internal Revenue Act of 1954. That Act was extensively modified by the Tax Reform Act of 1986. Various amendments to the income tax laws have been passed since. All of which were passed by Congress and signed into law by a President. The Internal Revenue laws are codified in Title 26 U.S.C. http://www.law.cornell.edu/uscode/uscode... 2. The Federal Reserve system is not some great conspiracy by bankers to control our government. The truth is the Federal Reserve is setup according to law and is controlled by a presidentially appointed Board of Governors. The Federal Reserve is audited every year and that audit is part of the Federal Reserve Annual Report to Congress. http://www.federalreserve.gov/boarddocs/... BTW, the claim that income taxes only go to pay interest on the U.S. Government debt is easily refuted. In 2006, the IRS collected approximately $1.04 trillion in individual income taxes. http://www.taxpolicycenter.org/taxfacts/... Since the debt at the end of 2006 was approximately $8.5 trillion, the interest rate would have to be close to 12% in order for all income taxes to only go to interest. The true interest rate on the debt isn't anywhere near that. In fact, it is only about 4.7%. The total interest paid on U.S. Government debt in 2006 was $405,872,109,315.83 http://www.treasurydirect.gov/govt/repor... Anyway, the Federal Reserve is REQUIRED BY LAW to return excess income to the U.S. Treasury. This can be seen in the AUDITED FINANCIAL STATEMENTS I linked to earlier. In 2006, the Federal Reserve collected $36.5 billion in interest on U.S. Government debt. The Federal Reserve returned to the U.S. Treasury $29.1 billion. On a final note, people who know constitutional law and those who know how to properly read court decisions can tell you that an income tax on wages IS constitutional and has ALWAYS been constitutional. That is because an income tax on wages is an INDIRECT tax in a constitutional sense.

The Shrinking Influence of the US Federal Reserve By Gabor Steingart in Washington Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power. Officials with the International Monetary Fund (IMF) have informed Bernanke about a plan that would have been unheard-of in the past: a general examination of the US financial system. The IMF's board of directors has ruled that a so-called Financial Sector Assessment Program (FSAP) is to be carried out in the United States. It is nothing less than an X-ray of the entire US financial system.

Directors of Federal Reserve Banks and Branches