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Orgo-Life the new way to the future Advertising by AdpathwayWe can only pray that Congress isn't planning to give us another Christmas present, like they did in 1913;
President Wilson signing the Federal Reserve Act 1923 painting by Wilbur G. Kurtz; photo courtesy of Woodrow Wilson Presidential Library)America is in serious economic trouble. The cost of living has spiraled out of control, and more and more Americans are falling into poverty or living from paycheck to paycheck. The price of gold has skyrocketed along with taxes, rent, transportation, healthcare, groceries, and insurance. However, the government tells us that inflation is low, and income is at an all time high. That may be true for the wealthiest 5 percent. In reality, the rich are getting richer, and the poor are getting poorer.
Congress sold us into servitude in 1913 through the Federal Reserve Act
Moreover, the dollar is rapidly becoming worthless, and the economy is in free-fall because of years and years of government waste and overspending. While the economy is about to slip over the edge of a cliff, our so-called leaders are still sending our tax money to their friends and foreign nations and fighting foreign wars. On top of that, Congress voted to give the Pentagon $1 trillion dollars in 2026. There's no end to Congresses irresponsible spending spree; a wild spending spree that started by taxing the income of all Americans, and using the money that they extort from us against our will.
Sadly, most Americans don't know that Congress sold us into servitude in 1913 through the Federal Reserve Act. It was their Christmas present to us because they passed it on December 23, 1913. Then, in 1929, less than 20 years later, the banksters fleeced the American people of their wealth. The banksters began gradually reducing the money supply while still buying stocks with depositors money.
Banksters were borrowing stocks from brokers and using depositors money to buy stocks. In 1928, the Fed raised the discount rate from 3.5% to 5%. At the same time, the Fed started reducing the money supply and slowly draining the banking system of cash reserves. Federal Reserve banksters sold more than three-quarters of their total stock of government securities. Then, in 1929, the banksters started dumping their stock holdings while the stock market was at an all time high.
Banksters caused the stock market to crash to fleece the American people of their wealth. How did they fleece us? The banksters immediately called in loans and confiscated stocks and personal property held as collateral. They took personal property listed as collateral on stock loans and even took the stocks that were bought with the loans. The American people were left with nothing but empty pockets.
Fleecing Americans of their gold
To put everything into perspective, the banksters took profits by dumping their stocks while the stock market was at an all time high. Then, they regained the stocks they sold off by confiscating stocks held as collateral on loans. They profited by collapsing the stock market, and at the same time, they gained controlling interest in major U.S. corporations by confiscating the stocks held as collateral on loans. They created a system of crony capitalism, the stock exchange, that only benefits them and their minions. But, the fleecing of America didn't end in 1929.
In 1933, President Franklin D. Roosevelt, anotherDemocrat, signed Executive Order 6102 that made it illegal for American citizens to own gold currency, and it required every U.S. citizens to hand over their gold coins, bullion, bars, and certificates to the banksters at the Federal Reserve. The Federal Reserve paid American citizens $20 dollars and 67 cents an ounce for their gold.
Then, in 1934, after all the gold coins, bullion, bars, certificates, and notes were stolen from the American people, Congress passed the Gold Reserve Act that increased the value of gold to $35 dollars an ounce. If that wasn't fleecing, then there is no such thing as fleecing. Congress and their bankster friends stole America's wealth.
In other words, a Democrat president made it a crime for American citizens to own or possess gold, although he didn't have the constitutional power to pass laws. However, the fake news media falsely claim that President Nixon ended the gold standard. In reality, Roosevelt and the Democrats ended the gold standard for the American people in 1933.
Today, we are ripe for fleecing once again
After the Nixon administration ended the Bretton-Woods Agreement, politicians began reversing laws that were passed to prevent banksters from fleecing the American people again. First, the International Development Association Appropriations Act of 1975 legalized private ownership of gold currency, bars, and notes. That was followed up by slowly repealing every legislative act designed to prevent another economic collapse like the 1929 stock market crash.
The Glass-Steagall Act of 1933 separated investment from commercial banks, and prohibited commercial banks from using depositors money to speculate on stocks, or gamble with. However, in 1999, Congress repealed the Glass-Steagall Act by passing the Gramm-Leach-Bliley Act, that removed the separation of commercial banks from investment banks, and opened the door for banks to once again speculate with depositors money.
Today, we are ripe for fleecing once again. Americans are buying gold, and so are the banksters, thus causing the price of gold to skyrocket, and the value of the dollar to collapse. It's a forgone conclusion that the American people are being fleeced again, and no matter how much money we have in our bank accounts, it will be devalued into worthlessness. When the stock market crashes again, and it eventually will, we will be stripped of our life savings, homes, and personal property. We can only pray that Congress isn't planning to give us another Christmas present, like they did in 1913.
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Charles Wills——Bio and Archives
Charles Wills is a retired Engineer.
Since retirement, he has devoted much of his free time to reading and researching
world and biblical history. He enjoys reading and collecting old books, especially
textbooks published before the turn of the 20th century, as well as writing about the
wealth of information hidden in them.
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