All your FEDERAL RESERVE NOTES are only worth 4¢
& international bankers stole YOUR gold from Fort Knox!

For example, a gallon of milk was 36¢ in 1913 - and costs roughly $3.79 now. A gallon of milk would be worth $9 - but it costs half as much to feed the cows and transport the milk with modern technology, hence the lower price. Without inflation from the Federal Reserve's fractional reserve banking system, a gallon of milk might cost 20¢ in 2010. A 12¢ gallon of 1913 gasoline works out to $3/gallon in 2010 inflation, and the average 1913 salary of $1,296.00 works out to about $32,400 in 2010.

Instead of getting $1.25 in Canadian money, it's about even now. We'd pay almost $1.50 USD to get a single pound or euro. The VALUE of gold didn't just go from $350/oz to $1100/oz - it stayed exactly the same. The 'federal reserve note' lost 70% of its value - so did all your bank accounts and every account you own in fiat currency (401k). It wouldn't matter so much if our trade deficit wasn't a trillion dollars annually.

The worst part is that we PAY INTEREST to have our money printed for us - because we're too stupid to buy our own printer as advised by JFK's executive order #11110. Since we only have the money we loan from the fed (that THEY printed from thin air at the cost of ink and paper), only enough paper currency exists to pay back the initial loan without the interest. This is comparable to borrowing you 50 states, and expecting you to pay me back 60 states, although everyone knows that only 50 states exist (with the possible exception of our new president).

In early 1933, as part of the New Deal, the U.S. Congress enacted a package of laws which removed gold from circulation as money, and which made private ownership of gold in the U.S. (except for coins in collections or jewelry such as wedding rings) **ILLEGAL**. All gold in circulation was seized by the government in exchange for dollars at the fixed rate of $20.67 per ounce. Support HR1207 & EO11110.

"In 1963 the words "PAYABLE TO THE BEARER ON DEMAND" were removed from all newly issued [FIAT] Federal Reserve notes. Then, in 1968, redemption of pre-1963 Federal Reserve notes for gold or silver officially ended. The Coinage Act of 1965 removed all silver from quarters and dimes, which were 90% silver prior to the act. However, there was a provision in the act allowing some coins to contain a 40% silver consistency, such as the Kennedy Half Dollar. Later, even this provision was removed, and all coins minted for general circulation are now mostly clad. The content of the nickel has not changed since 1946."

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning."

- President Andrew Jackson (to the Bankers asking him to renew the charter for the US Bank)

"I have always been afraid of banks." - Andrew Jackson

"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money." - Sir Josiah Stamp - Director of the Bank of England (appointed 1928) Reputed to be the 2nd wealthiest man in England at that time.

"I care not what puppet is placed on the throne of England to rule the Empire. The man that controls Britain's money supply controls the British Empire. And I control the money supply." - Baron Nathan Mayer Rothschild 1815

"The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money." - Prof. Carroll Quigley, renowned, late Georgetown macro-historian, author of "Tragedy & Hope: A History of the World in Our Time"

"He that is of the opinion money will do everything may well be suspected of doing everything for money." - Benjamin Franklin

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." - Thomas Jefferson

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison

"Already they have raised up a money aristocracy. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." - Thomas Jefferson

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity." - Abraham Lincoln

"If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations." - Andrew Jackson

"Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges... which are employed altogether for their benefit." - Andrew Jackson

"Money is power, and in that government which pays all the public officers of the states will all political power be substantially concentrated." - Andrew Jackson

"Unless you become more watchful in your states and check the spirit of monopoly and thirst for exclusive privileges you will in the end find that... the control over your dearest interests has passed into the hands of these corporations." - Andrew Jackson

"The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the trusts instead." - Charles Lindbergh Sr.

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: "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 group of dominant men." - Woodrow Wilson

"Mr. Chairman, 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, hereinafter called the Fed. The Fed has cheated the Government of the United States and the people of the United States out of enough money to pay the Nation's debt... The wealth of these United States and the working capital have been taken away from them and has either been locked in the vaults of certain banks and the great corporations or exported to foreign countries for the benefit of foreign customers of these banks and corporations. So far as the people of the United States are concerned, the cupboard is bare. When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and industrialists, acting together to enslave the world. Every effort has been made by the Fed to conceal its powers but the truth is - the Fed has usurped the government." - Congressman Louis T. McFadden, Former Chairman of the Committee on Banking and Currency

"To cause high prices, all the Federal Reserve Board will do will be to lower the rediscount rate..., producing an expansion of credit and a rising stock market; then when ... business men are adjusted to these conditions, it can check ... prosperity in mid career by arbitrarily raising the rate of interest...

It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by a greater rate variation and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down. This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed...

The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money. They know in advance when to create panics to their advantage, They also know when to stop panic. Inflation and deflation work equally well for them when they control finance." - Charles Lindbergh Sr.

"The financial system [...] has been turned over to the Federal Reserve Board. That board administers the finance system by authority of [...] a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money." - Charles Lindbergh Sr.

"This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President (Woodrow Wilson) signs this bill, the invisible government of the monetary power will be legalized....the worst legislative crime of the ages is perpetrated by this banking and currency bill." - Charles Lindbergh Sr.

"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 group of dominant men." - Woodrow Wilson's Farewell Address 1916

Washington, D.C. – Congressman Ron Paul’s Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.

The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 223rd cosponsor.

"The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy," said Congressman Paul. "I look forward to this issue receiving greater public exposure."

Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee’s series of hearings on regulatory reform.

Ludwig von Mises Institute

The Ludwig von Mises Institute was founded in 1982 as the research and educational center of classical liberalism, libertarian political theory, and the Austrian School of economics. It serves as the world's leading provider of educational materials, conferences, media, and literature in support of the tradition of thought represented by Ludwig von Mises and the school of thought he enlivened and carried forward during the 20th century, which has now blossomed into a massive international movement of students, professors, professionals, and people in all walks of life. It seeks a radical shift in the intellectual climate as the foundation for a renewal of the free and prosperous commonwealth.