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<p>[QUOTE=&quot;Silverhouse, post: 1141551, member: 29452&quot;]<font face="Arial"><b>“Give me control over a nations currency, and I care not who makes its laws.” </b>~Baron M.A. Rothschild </font></p><p>&nbsp;</p><p><font face="Arial">The Federal Reserve is a private entity. So why does a private banking entity get to call the shots and charge the U.S. Government an interest rate? Before the FED Reserve act of 1913, the Government alone had to power to print and issue coins and currency, being in debt to nobody. This is also one of the reasons for the civil war that is not talked about. The same issue came up then. England and France wanted Lincoln to borrow, he was against it, and didn&#039;t want the States to be in debt. One of his advisors, ( I forget who) suggested he print coins and currency, and so he did. I realize this is a very elementry explanation. In any case the U.S. was not in debt to any country and still maintained the power to coin and issue currency. That is until Christmas 1913. HAPPY NEW YEAR! </font></p><p><br /></p><p><br /></p><p><font face="Arial">Until this point, only “Congress shall have power… to coin Money, regulate the Value thereof” (Article 1, Section 8, US Constitution).&nbsp; President William Taft vowed to veto any legislation which had to do with establishing a central bank.&nbsp; Thus, Woodrow Wilson was elected President in 1912, due to the splitting of the Republican Party vote through money poured into the election funds of Teddy Roosevelt and the Progressive Party by JP Morgan and Co.&nbsp; (1)&nbsp; Many, however, believe that Wilson did not have many individual thoughts credited to his name, and instead it was his cheif advisor, Colonel Edward House, who guided Wilson through the creation of the Federal Reserve, and the income tax, as well as many other socialist ideals gathered through the writings of none other than ....Karl Marx.</font>[/QUOTE]</p><p><br /></p>

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