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Show The Paper That Dares To Take Page 8 The Utah Independent December 15, 1977 TH E A Stand PATRIOTS PRIMER By Wylie C. Sampson THE FEDERAL RESERVE FRAUD SALTER SAYS: By Bob Salter could get writer's cramp if I were to try to tell you of all the stealing and general hanky panky going on in this country. When I think of the hundreds of thousands who have given their lives so we could be free and the millions of surviving Americans who won't give five minutes of their time to vote or to learn something besides what they see on the propaganda tube and read in the conspirators newswires it makes me a little sick, and almost ashamed to be called American. I predict a much better reward in the hereafter for those who are gone. I The rape of our childrens future continues at an ever increasing pace. On September 14th a grinning facsimile of a chief executive approved Congressman Udall's proposal to give away 129.000.- 000 acres in Alaska to the This latest federal conspiracy. secret giveaway affects every man, woman and child in the nation. Contained within these Why? 129.000.- 000 acres there is: 21 billion barrels of oil, 57 trillion cubic feet of natural gas and 170 billion killowatt hours of hydroelectric power, to say nothing of gold and antimony that we have to buy from behind the Iron Curtain. As of now, you cannot build or drive over a road in this secret place. You cant even fly over it. Strictly forbidden. You don't need to be reminded of our need for oil. It is so bad now that a U.S. Senator told me our real import figure is above 50. This government is good at pitting the environmentalist FINAL LEAGUE OF WOMEN VOTERS CONSOLIDATION CHARTER Bv Thomas O. Breitling Members of the Salt Lake County League of Women Voters have been telling people that the Charter they have sponsored for Salt Lake County would allow only a total mill levy in the area of the Metro government of 35 mills. However this is an error. I didn't have a copy of the final charter until Dec. 5, but now that I have it I will show that the total allowable levy for the combined government Another vicious attack on the materially favoring the big banks; Constitution during the Wi Ison ad- so the owners of the system are of the same ministration was the Federal obviously which Reserve Act, which was jammed international clique invisible through the Congress and signed constitutes the This private by Wilson on December 23, 1913, government." incredible the has after many members had gone institution No authority to create money from home for Christmas. constitutional amendment was nothing and lend it out at interest. attempted, because it was feared The government is not only the that it might have attracted enough principal borrower, but actually attention to defeat it; so the act is to colludes in swindling taxpayers by this day unconstitutional. plus repaying each loan twice its exclusive interest. interim Congress abrogated paying Unbelievable? Read on! coin ..."and To Money authority bestowed it upon private bankers. HOW THE ACT WORKS Senator Nelson Aldrich (maternal grandfather of the current crop of senior Rockefellers) Judas-goate- d the Republicans in the Congress with a deceptive technique, and Representative (later, Senator) Carter Glass bellwethered the The backstage Democrats.' Wilson's .advwas manipulator For the isor", Col. House. bankers it was Paul Moritz 51 is mills. Warburg of M.M. Warburg & Rothschild affiliate, Sons DEBATED RAMPTON expressly imported from Hamburg who had himself naturalized to 1 On Thursday, Dec. , at the qualify as the first chairman of the banker-picke- d. invitation of the Women's Board of Governors 1 debated So contrary to Legislative Council, former Governor Calvin Rampton constitutional principles is its on the subject of Metro Revenue operation that it beggars belief in and Taxation. Without going into the face of facts. Since the act a discussion of the debate itself, it is became effective the purchasing enough to say that one of the power of the dollar has declined women, who is also a member of 82. the League ' of Women Voters, challenged my saying that the total NOTHING FEDERAL ABOUT THE FEDERAL RESERVE allowable levy for the Metro government will be 51 mills. She said that the LWV Charter The Federal Reserve is neither federal mills. nor a reserve for anything explicityl limits the levy to 35 federal. It is a group of twelve FACTS CONTRADICT private regional banks the one in New York being the command The second paragraph of Section center, the others merely 1 .07 states the following: warehouses ostensibly owned by "The total aggregate general the member banks; but the overall mill levy for the Unified control and the interests of such Government shall be limited as members have, significantly, prescribed by Utah law for cities of never been audited. Despite the the first class. Exceptions to this "federal" in its name, the limit shall be as or allowed, pres- government doesn't own it levy cribed by Utah law for Counties. any part of it. Nationally chartered These limitations and exceptions banks are required to be members shall apply to the property tax total and are issued stock in their respecto fund county-wid- e services, tive regional banks, but limited by services provided within all or part their own respective totals of thus of the Unified Government andor capital and surplus all or part of the Continuing ONE PARENT Municipalities." against those who would develop an independence from Communism. What is so sacred in an Alaska primitive area, which is The second and third larger than- - the Panama Canal sentences explicitly allow exceparea, that would prohibit even tions to the levy limit. That part of flight over it? the third sentence which refers to the property tax total to fund The new Russian wheat deal county-wid- e services" means that smells even worse. My the governing body of the Unified Congressman can't even find out Government can levy up to 16 mills how it was paid for, or even if it throughout the County, if they can Our nation h an insane get away with it. was. It is important for everyone to asylum that has been captured and is now being run by the inmates. remember. Do not be fooled by Worse yet, the few normal ones left either the wiles or the ignorance of don't seem to give a damn! the Metrocrats. If you vote for consolidation or even Urban County you will experience much The Communists, like higher taxes than unincorporated the barbarians, need traitors county now experiences. The total to open the gates. allowable in either case is 51 mills -- Luis Carrero Blanco as compared to the 16 mills now allowed for counties. The Federal Reserve Act is aptly designed to confuse the public both as to ownership and operation of the system. When the government requires a loan of, say $1 billion, this chronology manipulated through the Open Market Committee (the 7 members of the Board of Governors and 5 presidents of Federal Reserve banks), in effect ensues: (1) The government issues $1 billion in U.S. bonds; (2) A selected member bank credits a government checking account with SI billion; (3) The said $1 billion in U.S. bonds is deposited with the U.S. Comptroller of the Currency; (4) The Comptroller authorizes the U.S. Bureau of Engraving to print for the Federal Reserve $1 billion in Federal Reserve notes (currency). . Right there, the bonds should be refunded having been fully in redeemed currency, precisely as individual's an promissory note and collateral are returned to him when he pays off a loan. Instead, the Federal Reserve . retains ownership of the bonds, collects interest, and cashes them in at their maturity dates. Thus, the Federal Reserve is paid by the taxpayers twice for the same loan: once, as in (4)" above; and , again, at maturity dates of the bonds; and collects full interest between times. Col. Curtis B. Dali of Liberty Lobby submitted the above to the . Treasury Department for one-parenthoo- d. One thing can be said in its favor: a single girl who chooses to raise her child is a cut above the ones who murder them. American h'av Features - comment. Of course, the charge of but double payment was denied Treasury." no satisfactory explanation for Vice Pres. John N. Garner CHILDREN One out of every six babies now being born in America will be raised with one parent. The only number of single girls having babies is increasing so fast it is becoming socially It may be a acceptable. generation before we know the results of retaining the bonds after receiving an equal amount in currency has been forthcoming. So the charge has to stand. The Federal Reserve notes so acquired by the Federal Reserve may then be delivered to commercial member banks in return for real wealth such as U.S. bonds owned by such banks, or rediscounted customers' notes. With such Federal Reserve notes as reserves, the said member banks another may lend out at interest ten to fifteen times (maybe grab more) such reserve" amounts, to whomsoever genuine pledges wealth as security. True, the nominal a makes government charge for the paper and ink to $.0084 per note print the notes but regardless of denomination is that all the Federal Reserve ever pays for U.S. bonds which it cashes in twice, with interest, plus interest on credit extended for customers' notes. (Note the similarity to the machinations of the Bank of England as related a couple of weeks ago in this column. Editor.) 'The point is that these bonds have been paid for once. The taxpayers are being compelled to pay interest on bonds that should It is actually pic be liquidated king the pockets of the taxpayers of this country for a debt they do not owe." Congressman Wright Patman, Chairman, Committee on Banking and Currency, July 1, 1965 When bankers lend checkbook credit, they actually create Recall or foreclosure money. results in the impoverishment of the borrower, if, through any contrived scarcity of cred it, he is forced to forfeit his pledged wealth. The banks acquire such real wealth without risking a dime. Bankers' harvests are periodically reaped through manipulated financial depressions, while puppets in public office cover up for them by parroting dull explanations and pseudo-erudit- e remedies. The first financial depression no doubt just happened, but once understood, the sharpies took over. An international banking house occupies and controls the In all things success upon previous depends preparation, and without such preparation there is sure to be failure. - Confucius Thoughts lead on to purposes; purposes go forth in action; actions form habits decide habits; character; and character fixes our destiny. - Try on Edwards Support Our Advertisers Mention the UTAH INDEPENDENT |