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                 THE FEDERAL RESERVE ISN'T FEDERAL AT ALL



      Nelson Wilmarth Aldrich, b. Nov. 5, 1841, d. Apr. 16, 1915, was

      an American businessman and politician. Starting in the wholesale

      grocery business in Providence, R.I., he further invested in

      sugar, rubber, street railways, and utilities and became a

      multimillionaire. He served on the Providence city council

      (1869-74) and in the Rhode Island legislature (1875-76), the U.S.

      House of Representatives (1879-81), and the U.S. Senate

      (1881-1911).



      In the Senate, Aldrich wielded enormous power--especially after

      1897--on behalf of the Republican majority. For a time he was the

      nemesis of President Theodore Roosevelt, with whom he clashed on

      foreign policy and railroad legislation. Aldrich advocated a

      conservative social philosophy on such issues as currency and

      banking, the tariff, and business regulations. Interested in

      establishing a central bank in the United States, he became

      chairman of the National Monetary Commission in 1908. Its report,

      the so-called Aldrich Plan (1911), served as the basis of the

      Federal Reserve Act of 1913.



      The Rockefeller's were instrumental in creating the Federal Reserve

      System which was designed at a secret 1910 meeting at Jekyl Island

      off the coast of Georgia. Out of the Jekyl Is. meeting came the

      Monetary Commission Report and from it the Aldrich Bill. Warburg

      had urged that the proposed legislation be called the "Federal

      Reserve System", but Aldrich insisted his name appear as the Bill's

      chief sponsor and Congress was repelled at the obvious takeover

      and rejected the Bill.



      Taking advantage of Congress' desire to adjourn for Christmas in

      1913, the Federal Reserve Act was passed by a vote of 298 to 60

      in the House and 43 to 25 in the Senate of the United States.



      After the vote, Congressman Charles A. Lindbergh Sr., father of

      the famous aviator whose child would later be killed by agents

      of the World Order, told Congress;



      "This Act establishes the most gigantic trust on earth ... When

       the President signs this Act the invisible government by the

       money power, proven to exist by the Money Trust investigation,

       will be legalized ... This is the Aldrich Bill in disguise."





                         Federal Reserve System



      The Federal Reserve System, nicknamed the Fed, is the CENTRAL

      BANK of the United States.  It has two main functions:  to be a

      "bankers' bank," holding deposits of the commercial banks and

      operating a nationwide check-clearing system;  and to serve as

      the basic controller of credit in the U.S.  economy, thus

      determining the size of the money supply and the ease or

      difficulty of borrowing.  All national banks must belong to the

      Federal Reserve System, and many state banks belong voluntarily.

      The system was established in 1913.



      Unlike the central banks of other countries, the Federal Reserve

      is divided into 12 PRIVATELY CONTROLLED, separate, central banks

      located in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas

      City, Minneapolis, New York City, Philadelphia, Richmond, St.

      Louis, and San Francisco.  Each bank serves a designated

      district.  The system was organized this way to diffuse the power

      of the central bank.



      All member banks are required to maintain non-interest-bearing

      reserve deposits based on a percentage of their transaction

      balances at the district Federal Reserve Bank.  The monetary

      authorities implement monetary policy primarily by changing the

      size of the reserves.  By raising legal reserve requirements, the

      Federal Reserve tightens credit, that is, reduces the size of the

      money supply generated by the BANKING SYSTEM.  By lowering

      reserve requirements, it can increase the money supply.  More

      often, however, the Federal Reserve controls reserves indirectly,

      through the operations of the Federal Open Market Committee

      (consisting of the 7 governors and 5 of the 12 reserve-bank

      presidents), which directs the buying and selling of U.S.

      government securities on the open market.  When the Federal

      Reserve wishes to decrease reserves in this way, it sells federal

      securities;  the checks it receives in payment have the effect of

      removing funds from the banking system. When it wishes to expand

      the money supply, it buys securities, issuing checks drawn on

      itself;  these checks enable banks receiving them to obtain

      increased reserve deposits with their reserve banks, which lets

      them expand the money supply.



      The Federal Reserve's ability to implement monetary policy has

      been adversely affected by state banks' LEAVING THE SYSTEM to

      invest their reserves more profitably.  In 1980, to counteract

      this trend, the U.S. Congress passed legislation REQUIRING all

      commercial banks to establish reserves with the Federal Reserve

      over an 8-year phase-in period, although membership is not

      required.  It was hoped that by increasing the Federal Reserve's

      influence it could control monetary policy more effectively.  In

      1981 about 5,500 of the 15,000 U.S. commercial banks belonged to

      the Federal Reserve;  in 1991 there were more than 6,000 members

      out of fewer than 14,000 commercial banks.



                       Enemy of the Rockefellers



      Born on Feb.  4, 1902, in Detroit, Charles Augustus Lindbergh

      spent his childhood in Little Falls, Minn.  His father served in

      the U.S.  Congress from 1907 to 1917.  The son, however, was

      unconcerned with politics until later in life.



      Lindbergh spent much of his  life as a business consultant to

      the aircraft and airline industries.  In 1929 he married Anne

      Spencer Morrow, the daughter of U.S.  ambassador to Mexico,

      Dwight Morrow.  Their life, however, was touched by tragedy in

      1932 when their infant son was kidnapped from their home in New

      Jersey and murdered.  Soon thereafter Congress enacted the

      "Lindbergh law", making kidnapping a federal crime. After a

      sensational trial Bruno Richard HAUPTMANN was convicted of the

      crime and executed (1936) after being framed by NJ Police.



      In the United States kidnapping was a major concern in the

      1920s and '30s.  After the kidnapping of Charles A. LINDBERGH's

      20-month-old son in 1932, federal kidnapping laws with severe

      penalties were enacted to silence the furor over the sham.



                         The Schwarzkopf Reward



      United States Army General H.  Norman Schwarzkopf, born Trenton,

      N.J., Aug.  22, 1934, was the commander of the U.S.-led coalition

      of land, sea, and air forces that won decisive victory in the

      PERSIAN GULF WAR in 1991.



      Schwarzkopf graduated from the United States Military Academy in

      1956 and became an infantry second lieutenant.  His father,

      Herbert Norman Schwarzkopf, was also a West Point graduate. The

      senior Schwarzkopf gave his name to his son, but disliking the

      name Herbert, gave him only the letter H.).  The senior

      Schwarzkopf became superintendent of the New Jersey State Police

      and was the CHIEF INVESTIGATOR in the kidnapping case of Charles

      Lindbergh's son. New Jersey was home to the Rockefellers whom had

      protested the Aldrich Bill and then railed against the falsity

      of the privately owned Federal Reserve System.





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