Whether you do or not, you’re going to find this article very interesting.
Seigniorage – [seen-yer-ij] – The profit earned by a government on the issue of coins and notes (ie the difference between the face value of coins and notes and the costs of their production).
This article was originally published in August 2008. Considering the current state of the United States economy, I feel that its relevance has never been so significant.
By Phillip Tilley
To solve a problem, you have to first know you have a problem. Most of us fail to recognize that in fact there is a problem, and there lies the problem. The problem is, we actually believe we are a free people living in a free country with a robust free market economy. We think we elect the government officials that run this country. This is what the New World Order wants you to think.
It’s closer to the truth to say that at the turn of the twentieth century, a group of monied elite overthrew the government of the United States. It has been said we have the best Congress money can buy, and certainly bribery, blackmail and betrayal are not new to American Government.
On December 23, 1913, during Christmas break, with most of the Congressmen home with their families, the monied elite in Congress that stayed in Washington D.C. passed the Federal Reserve Act. It was quickly signed into law before the other members of Congress could get back to Washington D.C. to do anything about it.
This is significant because up until then, the Constitution of the U.S. states that only the Treasury could issue legal money. They did this by minting gold and silver coins and printing Treasury Notes that were backed by gold and silver. Now however, this responsibility to issue legal tender currency (not money, currency) would be shared with a group of twelve privately owned banks that would collectively become known as the Federal Reserve, even though they were not Federal and had no reserve.
The Federal Reserve would be allowed to print and issue Federal Reserve Notes, a currency know as a fiat currency or backed by not gold or silver, but by nothing at all! Furthermore, if other banks needed additional funds, they had to request them from the Federal Reserve Bank in their area. Likewise banks were not allowed to keep excessive funds in their vaults. These had to be surrendered to the Federal Reserve Bank in their area. Now the Federal Reserve was in control of the Nations currency and money supply.
It wasn’t long before a rift started. When banks had an excess of funds, what they surrendered to the area Federal Reserve Bank was Federal Reserve Notes or other paper money. That was not what the Federal Reserve wanted. They wanted the gold and silver sent to them. So to punish the bankers who held out the good stuff from them, the next time those banks needed additional funds, the Federal Reserve refused to deliver them. This caused those banks to actually run out of money. The Federal Reserve actually put them out of business because they wouldn’t play ball with them.
Monied elite interests that controlled the media at the time, (and for the most part still do) leaked the fact that some banks were running out of money. This created a public panic and citizens rushed to their local banks to draw out their money. As banks funds ran low, the Federal Reserve would send funds only to those banks that had in the past surrendered gold and silver to them. They gave nothing to the other banks, thus putting their competition, those that opposed a worthless currency, out of business.
This went on for about a year and a half until President FDR was elected. Being one of the monied elite and in league with the Federal Reserve, FDR declared a banking emergency and shut down all banks in the Nation for six days. This of course predictably caused an even larger public panic. Banks were re-opened and FDR issued Executive Order #6120 which made it illegal to own gold as a private citizen. All gold was to be surrendered to the Treasury or the Federal Reserve.
Understand something here, the Government of this Nation is of the people, by the people and for the people. That means the Government owns nothing of its own, it is only entrusted with assets which belong to the people of this Nation. The Nations gold supply is really the peoples gold supply, that means you, all of you!
It is interesting that the Federal Reserve Banks did not want to accept their own Federal Reserve Notes. If a chef won’t eat their own cooking you shouldn’t either. For the job of controlling the Nations money supply, the Federal Reserve gets paid a fee known as Seigniorage. This fee is not paid to them in Federal Reserve Notes. They refuse to accept them as payment because they know they are worth nothing. They are paid in Gold Certificates which are redeemable for only one thing, GOLD! If gold isn’t real money, why is it important that it is the only payment the Federal Reserve will accept? Think about that, I mean really…think about it!
The whole conspiracy was sinister and slow. Take 1% of the Nations gold as payment every year so nobody will notice. 1% is a small amount for a year, however that only lasts 100 years before it is all gone. Remember the Federal Reserve Act was passed on December 23, 1913. That means that at or around December 21, 2012, the date the Mayan calendar predicts destruction of life because (the Earth will move), the Nation will run out of gold to pay the Federal Reserve.
Another term for the Earth moving is a shake-up or upheaval.
In case you are too poor to pay attention, this Nation is in an economic crisis, and every move being made doesn’t seem to be able to fix it. That’s because fake money (Federal Reserve Notes) do not act like real money. The mechanics that govern money do not work on the credit debt currency that we are forced to use. In a couple of years when we no longer have gold to pay the Federal Reserve, what do you suppose will happen?
The Federal Reserve has suggested combining the currencies of Canada, the U.S. and Mexico into one currency called the Amero. You would be able to exchange your Federal Reserve Notes for Amero at 10 dollars for one Amero. Think about that! That’s a ten to one reverse split and it may even be 15 or 20 to one if they can get away with it. That would make your Federal Reserve Notes worth about a nickel, but then truly it already is against the real dollar.
It is only going to get worse and complete collapse of our economy is eminent. Some people want the Money Matrix to continue because they feel warn and fuzzy and are comfortable where they are in the system. But just as in the movie “The Matrix” where Neo wants to pull the plug on the system, if you don’t wake up now, it will be too late. Wake up people, the Money Matrix has you!
Phillip Tilley is author of The Money Matrix of the New World Order
and other articles.
Article Copyright© Phillip Tilley – reproduced with permission.