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Show A Stand The Paper That Dares To Take Page 10, The Utah Independent, November 29, 1973 per money. Then he raised the price to $35 an ounce, making a neat profit of $3 billion. For their shining treasure, the people got slips of paper that THE FEDERAL RESERVE ISNT FEDERAL ENVIRONMENTAL OVERKILL could not.be redeemed. But the dignified international bankers, who are the preferred stockholders of the Federal Reserve simply took their enormous profits abroad. Their foreign agents then presented their paper dollars for gold. The result: there is now only four cents worth of gold behind that dollar bill in your pocket, and the interest alone on our staggering $457 billion dollar debt is $22 billion a year. We are now beginning to be told about a new World Money, but it is all extremely vague. The American public has been led to believe the theory of money is much too difficult for any but a few economists to understand. But this is not true. It is only a smoke screen to cover the Worlds Greatest Bank Robbery. The U. S. must rid itself of the Federal Reserve and avoid entanglement in a World Money scheme. The solution is to return to the U.S. Constitution. It says: Congress shall have the Power ... to Coin Money and regulate the value thereof. Guest Editorial By HARRIET P. CRANK tax-exem- Editor of the Idaho American Eagle (Exclusive to the ILLINOIS EAGLE) Thomas A. Edison opposed the theory of the Federal Reserve. He said: If our Nation can issue a dollar bond it can issue a dollar bill. . . . The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond . . . whereas with the currency nobody pays but those who contribute directly in some useful way. It is absurd to say that our country can issue $30 million in bonds and not $30 million in currency. Both are promises to pay: But one promise fattens the usurpers, and the other helps the people. Abraham Lincoln had the same idea as Edison. Lincolns administration issued $450 million in U.S. Notes. Had they been interest-bearin- g bonds, Debt. of Federal be would the still part they Most people believe the Federal Reserve is operated by the Government, but it is not. It is a private company, operated for profit and its profits are so enormous they have bankrupted the United States. When the U.S. Government needs a billion dollars, the U.S. Treasurer says to the Federal Reserve, We want to sell you a billion dollars worth He then says to the Bureau of Printof bonds. ing and Engraving, Print us a billion dollars worth of Government Bonds. So the presses begin to roll, and meanwhile, from the pristine marble halls of the Federal Reserve another call is made to the Bureau of Printing and Engraving. Print us a billion dollars in Federal Reserve Notes. (These are the kind of bills you have in your billfold.) The Bureau of Printing and Engraving delivers bundles of crisp green bills to the Federal Reserve, and is paid $1.50 to cover the cost of ink and printing. (And that is all the Federal Reserve ever pays for the Notes, a profit of $998.50 per thousand.) Then the swap is made. The Government gets the billion dollars worth of Notes. The Federal Reserve gets the Bonds. But that is not the end of the story. That is just where you come in. For years, as a taxpayer, you and your grandchildren will be paying five percent interest on those Bonds. Originally Federal Reserve notes were backed by 40 percent gold. During the Depression President Franklin D. Roosevelt called in all the nations gold, and Congress made it a criminal offense for American citizens to own gold. Roosevelt paid for the peoples gold $20.67 an ounce in pa pt Reference: The Federal Reserve Bank, H. S. Kenan (Noontide Press, Los Angeles). Money, Men and Machines, Calchings Ac Ross (Duell, Sloan & Pearce, New York). Continued from page 9 25 per to tries Argentina, Brazil, by all countries cent. Although the General India, Indonesia, Mexico and have a gross anPakistan Assembly called this a U.S. we should income nual pay greater than that victory, why per cent is ridiculous. The rationale is the establishment of each countrys dues on the highly doubtful basis of ability to pay. The U.N. members cash in on this officially by designating only 26 of the member countries as developed countries. The members can do this because each has a vote that weighs as heavily as that of the United States. The U.N. as founded, had 51 members. Now it has balnalooned to 132 tions. Of the 132 the U.N. it106 underself calls This developed countries. puts them on the U.S. gravy train. Of all the U.N. members 71 have fewer people than does New York City. Many have fewer than Wichita, Kan., Botswana, Gabon, Lesotho, the Maidive Islands, Upper these Volta, Togo, Oman and scores of others like them are nations? Only six of the underdeveloped coun 25 so-call- ed TANKS FOR FUEL STORAGE of Connecticut. o o a single day the General On Assembly voted to admit 13 such nations and, of course, with the same vote as the United States. an absolutely Actually, two-thirdecisive majority now can be formed in the General Assembly by with less nations 10 cent of the than per worlds population and who contribute less than 5 per cent of the U.N.s $226 million ds so-call- ed budget The organization is on the defensive in U.S. public opinion. Millions are wary of the U.N. The American position on the money side needs a wholesale housecleaning. We gain no world standing whatever simply by being Uncle Sap. The San Diego Union July 28, 1973 .801-484-43- 39 those overkill, restrictions stringent forced on the American people the by Environmental Protection Agency in the name of ecology, has often done more harm than good to the environment. Foresters, homebuilders, and consumers alike are now paying for the ecohysteria that led to the total ban of DDT without a potent alternative. Congress and the public d to the demands of environmental authorities when they lobbied for the DDT ban in the 1960s. Now we are losing millions of board feet of timber, costing millions of dollars each year, simply over-reacte- because professional foresters have no effective pesticide to control insect damage to forests. All other attempts at controlling these insects have failed. F. B. I. Report A confidential report issued by the Federal Bureau of Investigation in September of 1973 lists 628,488 guns reported stolen or missing. This probably represents only half of the true amount, since the F.B.I. reporting system is comparatively new and far from complete. More than 1,000 new firearms are being stolen or hijacked every month while enroute to dealers from gun manufacturers. With the increase of activity by U.S. radical and militant groups, and the increased attacks on police, government authorities are concerned that many of these stolen weapons are being stockpiled by organized Gun control laws guerrillas. have not prevented the theft of the interstate shipments. -- The Review Of The News NEWMAN JEWELERS The IN WATCHES & genuine BOUNTIFUL JEWELRY are fictitious, WYLER only that of mind superority and character; all other is kinds affected, false; and it good to make them feel that this is so when they try to HAMILTON WATCHES PRECIOUS STONE RINGS is show CALL Environmental off before the superiority that is true. Schopenhauer Expert Watch Rapairing MODERN & ANTIQUES Arthur L. Newman - Owner 10 S Main Bntfl 295-443- 1 or Write J. Smith Box 6274 Salt Lake City 84106 ADMIRAL OVER AND UNDER STEEL CABINETS MONEY ft.- - Prehung Doors 30 Mahog. Cost: $89.00 delivered. Salt Lake to Ogden, Other Points F.O.B. Salt Lake City steel plate, resists rusting. Painted inside and out. Placement: Designed both for above and underground storage Special Additive also available to prevent fuel deterioration. Preserves fuel for a minimum of five (5) years. SAVE Plastic Counter Top .29e sq. (Full sheets) Dimensions: 58" diameter Capacity: 440 gallons Construction: STRINGHAM LUMBER CO. 22.53 ea. with ad "casing 2x4-- 8 I x2-- 8 316" special alloyed Econ. .69 ea. Furring Strips (10 per bundle) COMPLETE SELECTION TOP & BOTTOM UNITS 2.99 bid. LUMBER All Kinds & Sizes Paneling 3182 South Main Salt Lake City 9 (801) 484-446- SALT LAKE OGDEN 484-462- 1 |