The U.S. Federal Reserve System, birthed in 1913 under the guise of economic stability, stands as a monstrous edifice of financial tyranny, a privately-owned cabal that has plundered the American people, debased our currency, and shackled us with the chains of perpetual debt. This unconstitutional institution, which is controlled by a shadowy cartel of foreign banking families, is not a guardian of American prosperity but a predatory leviathan, orchestrating a silent theft of wealth that has eroded over 98% of the dollar's value since its inception. It's an abomination that violates the U.S. Constitution, defies the Coinage Act of 1792, Due Process rights, and betrays the sacred principles of liberty and self-determination upon which this nation was founded. The Fed must be abolished, its ill-gotten gains seized, and its unlawful power to issue currency returned to Congress, where it belongs. In its stead we must establish a genuine national bank that issues gold-and-silver-backed currency, as mandated by our Constitution. We must dismantle this fortress of mass debt slavery and restore economic sovereignty to the American people.

The Federal Reserve: A Deceptive and Malevolent Institution

The Federal Reserve, despite its misleading name, is not a federal entity but a privately-owned central bank, a sinister creation of international banking families whose names evoke centuries of financial domination. Established through the Federal Reserve Act of 1913, the Fed began with approximately 300 shareholders, including numerous foreign banks like the Rothschild Bank of London and the Israel Moses Seif Banks of Italy, which purchased stock at only $100 per share, forming an international banking cartel of unparalleled wealth. The Fed's regional banks are also owned by private individuals and member banks, which elect two-thirds of the Fed's boards and receive a 6% annual dividend (12 U.S.C. § 289) for essentially counterfeiting U.S. currency that represents nothing of tangible value except the "full faith and credit" of the American people to pay taxes in service of this "national debt", a profit that's extracted from the ongoing debt slavery of the American people without our expressed consent.

This quasi-private structure is a deliberate deception, which is designed to insulate the Fed from democratic accountability while granting it unchecked power to create money from nothing--either by printing Federal Reserve Notes or by making digital ledger entries--and [pretend to] "loan" this unbacked, unredeemable, fiat currency to the U.S. federal government and foreign banks at interest. The Fed reaps billions in profits for its shareholders, as Rep. Louis T. McFadden thundered in 1932: "The Federal Reserve Board... has cheated the Government of the United States and the people out of enough money to pay the national debt several times over."Since 1913, the dollar has lost over 98% of its purchasing power, a silent tax that Ben Bernanke acknowledged in 2002 when he noted that the Consumer Price Index is "15 times higher" than at the Fed's founding--a stark contrast to the century prior, when prices fell by one-third under a gold-backed system.

The Fed's actions have plunged the American people into a staggering $200 trillion debt, including long-term obligations, dwarfing the $35 trillion national debt reported in April 2025 (U.S. Treasury data). This debt is a declaration of economic enslavement, binding future generations to the whims of a financial elite and a Congress that spends like a drunken sailor with an unlimited credit card. As Edward Mandell House, Rothschild agent and advisor to President Wilson, chillingly predicted in 1910: "Every American will be forced to register [their births/national debt liability] or suffer being unable to work and earn a living... They will be our chattel." The Fed's fiat monetary system, unbacked by gold or silver since FDR's abandonment of the domestic gold standard in 1933, and Nixon's abandonment of the gold [redemption] window in 1971, amounts to the most audacious form of public theft in human history, diluting the value of every dollar in circulation and transferring wealth to the elite. As John Maynard Keynes warned in 1920: "By this means government may secretly and unobserved, confiscate the wealth of the people."

Constitutional Violations: A Blatant Betrayal of the Framers' Vision

The Federal Reserve's existence is a direct assault on the U.S. Constitution, subverting the Framers' vision of a sovereign nation with a stable, gold-and-silver-based monetary system. These violations are not mere legal technicalities--they are a betrayal of the sacred covenant between the government and its people.

1. Violation of Article I, Section 8, Clause 5 -- Exclusive Authority to Coin Money as Gold and Silver

Article I, Section 8, Clause 5 of the Constitution grants Congress the exclusive power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures." The Framers intended "coin Money" to mean physical currency in gold and silver, as evidenced by Article I, Section 10, Clause 1, which prohibits states from making anything but "gold and silver Coin a Tender in Payment of Debts." This metallic standard was a deliberate choice, born from the Framers' distrust of paper money after the inflationary collapse of the Continental dollar during the Revolutionary War, which Benjamin Franklin, in 1778, identified as a primary cause of colonial poverty and the Revolution itself.

The Federal Reserve, however, issues fiat Federal Reserve Notes, which has been unbacked by gold or silver since 1971. By delegating its authority to the privately-owned Fed, Congress has enabled a monetary system that defies the Constitution's plain text and original meaning. The Framers, including Alexander Hamilton, defined the dollar in terms of specie through the Coinage Act of 1792--371.25 grains of pure silver or 24.75 grains of pure gold. Federal Reserve Notes, backed only by the "full faith and credit" of the American people, are not "coined" in the constitutional sense, rendering this delegation an unconstitutional overreach.

2. Non-Delegation Doctrine Violation -- Abdication of a Core Legislative Function

The non-delegation doctrine, rooted in Article I, Section 1 of the Constitution vesting of "all legislative Powers" in Congress, prohibits Congress from delegating its essential legislative functions without an "intelligible principle," as established in A.L.A. Schechter Poultry Corp. v. United States (1935). The power to coin money and regulate its value is a core legislative function, directly impacting the nation's economy, taxation, and property rights. The Federal Reserve Act, while [theoretically] providing some objectives (e.g., price stability and maximum employment), grants the Fed near-unlimited discretion to issue fiat currency, set interest rates, and devalue the dollar through inflation.

This delegation mirrors the unchecked authority struck down in Schechter, where the National Industrial Recovery Act (NIRA) allowed President Roosevelt to approve industry codes without clear limits. The Fed's ability to create money from nothing and impose an "inflation tax" constitutes a major policy decision that should remain with Congress, an elected body that's directly accountable to the people. As Justice Neil Gorsuch argued in Gundy v. United States (2019), delegations of significant policy decisions violate the Constitution. The Fed's authority to redefine money as fiat currency is a legislative act that Congress cannot delegate, even with an intelligible principle.

3. The Fed's Quasi-Private Nature Undermines Democratic Accountability

The Fed's private ownership by [mostly foreign] banks and the families which own those banks, violates democratic principles. In Schechter and Carter v. Carter Coal Co. (1936), the Supreme Court struck down delegations to private entities for lacking public accountability. The Fed's regional banks, controlled by boards where private bankers hold significant influence, allow private interests to shape monetary policy, a power reserved for Congress alone. This structure bypasses the democratic checks and balances intended by the Framers, as Rep. Charles A. Lindbergh warned in 1913: "The financial system has been turned over to... a purely profiteering group."

Who actually owns the Federal Reserve central banks? The ownership of the 12 central banks that make-up the Federal Reserve is as follows:

Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman-Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York

The banks and individuals listed below also have significant [shareholders] that have control over the New York Fed District, which in turn controls the other 11 Federal Reserve Districts. Many of these banks and individuals are also foreign to the United States.

First National Bank of New York, James Stillman
National City Bank of New York, Mary W. Harnman
National Bank of Commerce of New York, A.D. Jiullard
Hanover National Bank of New York, Jacob Schiff
Chase National Bank of New York, Thomas F. Ryan, Paul Warburg, William Rockefeller
Levi P. Morton
M.T. Pyne
George F. Baker
Percy Pyne
Mrs. G.F. St. George
J.W. Sterling
Katherine St. George
H.P. Davidson
J.P. Morgan (Equitable Life/Mutual Life)
Edith Brevour
T. Baker

The Fed's actions, like devaluing the dollar through inflation, impose a hidden tax without public deliberation, violating due process under the Fifth Amendment. The Framers intended for such critical powers to be exercised by elected officials, not a "den of vipers and thieves," as President Andrew Jackson called the Second Bank of the United States in 1832.

4. Circumvention of Article I, Section 10's Gold and Silver Standard

Article I, Section 10, Clause 1 prohibits states from making anything but gold and silver coin legal tender, reflecting the Framers' intent for a metallic standard. By delegating to the Fed the power to issue fiat Federal Reserve Notes (declared legal tender under 31 U.S.C. § 5103), Congress has enabled a system that undermines this constitutional design. The Legal Tender Cases (1871-1884) upheld fiat currency during wartime, but the Fed's peacetime issuance by a private entity such as the Fed lacks such justification and contradicts the Framers' intent.

5. Failure to Fix the Standard of Weights and Measures

Article I, Section 8, Clause 5 also requires Congress to "fix the Standard of Weights and Measures," a mandate tied to coining money to ensure a stable, measurable currency standard. The Framers intended for our nation's currency to be tied to fixed weights of precious metals, as in the English common law tradition, in order to prevent debasement--a problem which plagued all other currencies in history. However, the Fed's fiat system, introduces volatility through inflation, with the dollar losing over 98% of its value since 1913. This devaluation fails to "fix" a standard, violating the constitutional requirement for uniformity and stability.

6. Violation of the Coinage Act of 1792

The Coinage Act of 1792 defines the dollar as "371.25 grains" of pure silver (0.7734375 troy ounces), a statutory standard that remains in force. Federal Reserve Notes, unbacked by specie such as precious metals, violate this definition. By delegating to the Fed the power to issue fiat currency, Congress has enabled a monetary system that contravenes its own law, reflecting the constitutional intent for a gold-and-silver-based currency.

7. The Inflation Tax as an Unconstitutional Burden

The Fed's never-ending expansion of the money supply increases inflation, acting as a de facto tax by reducing purchasing power. This "inflation tax" bypasses Article I, Section 8, Clause 1's requirement that taxes originate in Congress, violating the Origination Clause (Article I, Section 7, Clause 1). It disproportionately harms the poor, as Edward Mandell House predicted in 1910: "Every American will be our chattel."

Historical Warnings: A Legacy of Resistance to Central Banking Tyranny

The Fed's creation in 1913 (but planned in secret in 1910) was met with fierce resistance, echoing centuries of warnings about the dangers of privately-owned central banks. Benjamin Franklin, in 1750, praised the Colonies' issuance of Colonial Scrip, a debt-free currency that fostered prosperity: "We control its purchasing power and we have no interest to pay to no one." Its suppression by British bankers in 1764, as John Twells noted in 1777, "paralyzed all the industrial energies of the people," leading to the Revolutionary War. Franklin later confirmed in 1778 that this monetary oppression was the "prime reason" for the Revolution.

The First Bank of the United States, chartered in 1791 under Alexander Hamilton's influence, was a precursor to the Fed, with 80% of its stock held by private investors, including the Rothschilds. Thomas Jefferson, in 1809, warned: "If the American people ever allow private banks to control the issue of their currency... the banks will deprive the people of all property until their children wake-up homeless." The bank's charter was not renewed in 1811, but Nathan Mayer Rothschild threatened war, stating: "Either the application for the renewal of the charter is granted, or the United States will find itself involved in a most disastrous war." The War of 1812 followed, a chilling testament to the power of central banking families.

The Second Bank of the United States, chartered in 1816, met similar resistance. Andrew Jackson, in 1832, called its shareholders a "den of vipers" and refused to renew its charter, declaring: "Should I let you go on, you will ruin fifty thousand families, and that would be my sin!" His victory briefly restored monetary control to the government, but the bankers' influence persisted until they were finally able to wrestle back control over our nation's monetary system in 1913. It's noteworthy to point out that this period of time (without a central banking cartel) was the most prosperous time in American history, in spite of the Civil War period of 1861-1865.

After years of planning and congressional lobbying by the bankers, the Federal Reserve Act of 1913 was passed amidst fierce opposition. Senator Henry Cabot Lodge warned it would "open the way to a vast inflation of the currency," while Rep. Charles A. Lindbergh called it "the worst legislative crime of the ages." President Woodrow Wilson, who actually signed the Act, later lamented in 1915: "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..." Rep. Louis T. McFadden, in 1932, accused the Fed of impoverishing the nation and financing global conflicts, including the Russian Revolution, to consolidate power: "They financed Trotsky's mass meetings... and placed a large fund of American dollars at his disposal."

President John F. Kennedy, in 1963, attempted to curb the Fed's power with Executive Order 11110, issuing $4 billion in silver-backed Treasury Notes. Ten days before his assassination, he warned: "The high office of the President has been used to foment a plot to destroy the American's freedom." His death silenced a powerful voice against the Fed, but the warnings of figures like Sir Josiah Stamp in 1972--"If you wish to remain the slaves of bankers... let them continue to create money"--and Barry Goldwater in 1979--"The accounts of the Federal Reserve have never been audited"--echo throughout our nation's history, demanding action.

Economic Data: The Devastating Impact of the Fed's Fiat System

The Fed's fiat system has wrought economic havoc, as evidenced by stark data. Since 1913, the dollar has lost over 98% of its value, according to the Bureau of Labor Statistics' Consumer Price Index (CPI). In 1913, a dollar could buy what it takes $31 to buy today (CPI Inflation Calculator, 2025). This devaluation is a direct result of the Fed's money creation, which increased the M2 (overall) money supply from $1.2 trillion in 1971 to $21.8 trillion in 2025 (Federal Reserve Economic Data, FRED). This 1,800% increase in the money supply, unbacked by gold or silver, has fueled inflation, and eroded the savings and wages of every American.

The Fed's policies have also driven unprecedented debt. The U.S. national debt, which was over $35 trillion in April 2025, is dwarfed by the $200 trillion in long-term obligations the U.S. government has, including Social Security and Medicare liabilities (U.S. Treasury, 2025). The Fed holds over $5 trillion in U.S. Treasury securities, earning interest paid by taxpayers (Federal Reserve Balance Sheet, 2025). This debt ensures perpetual debt servitude for every American, as the Fed's shareholders profit from our burden, and the burden of our descendants.

Inflation, a direct result of the Fed's unlimited power to create fake money, acts as a regressive tax. From 2021 to 2023, inflation peaked at 9.1% (June 2022, BLS), the highest since 1981, reducing real wages by 4.5% (Economic Policy Institute, 2023). The poorest Americans, unable to hedge against rising prices, suffered the most, with food prices rising 20% and rent 15% in the same period (BLS, 2023). Meanwhile, the Fed's zero-interest-rate policies and quantitative easing fueled huge asset bubbles, which only benefited the wealthy: the S&P 500 rose 80% from 2013 to 2023, while wage growth for the bottom 50% stagnated at 1% annually (FRED, 2023).

Modern Examples: The Fed's Role in Economic and Social Subjugation

The Fed's actions in recent decades reveal its role as a tool of economic and social control. The 2008 financial crisis, triggered by reckless banking practices, saw the Fed inject $4 trillion into the financial system through bailouts and quantitative easing (Federal Reserve, 2009-2014). Banks like Goldman-Sachs and JPMorgan-Chase, Fed shareholders, were rescued, while 10 million Americans lost their homes to foreclosure (CoreLogic, 2015). The Fed's actions transferred wealth upward, as the top 1%'s share of U.S. wealth rose from 30% in 2008 to 35% in 2023 (Federal Reserve Distributional Financial Accounts, 2023).

During the COVID-19 plandemic, the Fed pumped $5 trillion into the economy, including $2.3 trillion in corporate bond purchases (Federal Reserve, 2020). This propped up Wall Street, with the Dow Jones rising 60% from March 2020 to December 2021, while small businesses collapsed--over 100,000 closed permanently (Yelp Economic Impact Report, 2021). The Fed's policies exacerbated inequality, as the bottom 50%'s net worth grew only 5% while the top 1%'s soared 30% (Federal Reserve, 2023).

The Fed's zero-interest-rate policies also fueled speculative bubbles, such as the 2021 GameStop frenzy, where retail investors were crushed by hedge funds backed by Fed liquidity. Meanwhile, the Fed's inflation has driven housing unaffordability, with median home prices rising from $300,000 in 2019 to $430,000 in 2023 (National Association of Realtors, 2023), pricing out young families while benefiting real estate moguls.

The Moral Imperative: A Call for Revolution

The Federal Reserve is a moral abomination, a "gigantic trust" as Lindbergh called it, that subverts the principles of liberty and self-determination. Its existence violates the Constitution, the Coinage Act of 1792, and the democratic ideals of the Framers. It has also enslaved Americans in perpetual debt, devalued our labor, and consolidated power in the hands of a financial elite, as John Kenneth Galbraith noted in 1975: "The process by which banks create money is so simple the mind is repelled." The Fed's fiat system has transformed America from the most prosperous nation in history to a debtor nation plagued by inequality and social division.

The solution is a righteous crusade: the Fed must be abolished, its ill-gotten gains seized, and its power returned to Congress, as mandated by Article I, Section 8. A genuine national bank that's accountable to the people, must issue currency redeemable in gold and silver, restoring the stable, constitutional monetary system that made America great. This return to sound money will prevent inflation, protect savings, and ensure economic justice for everyone, as Abraham Lincoln declared in 1864: "Money will cease to be master and become the servant of humanity."

To achieve this, we must:

Abolish the Fed: Congress must exercise Clause 30 of the Federal Reserve Act, buy the Fed's shares, shut down this unconstitutional system, and sell its assets in order to reimburse the American people.

Return to Sound Money: Re-establish a gold-and-silver-based currency, as required by the Constitution and the Coinage Act of 1792, to safeguard against inflation and restore value stability to the dollar.

Mobilize the People: Educate and rally citizens to demand a financial revolution, as Representative Charles G. Binderup of Nebraska said on the floor of Congress on March 19, 1937 when he paraphrased the sentiments of Henry Ford "It is perhaps well enough that the people of the Nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

This is a battle for freedom, folks! The Federal Reserve, with its unchecked power to debase our labor, is the most sophisticated form of slavery ever devised. It is time to reclaim our sovereignty, unshackle ourselves from debt-driven servitude, and forge a future where money serves the people, not the banking families who own the Fed. As Kennedy declared in 1963, "The high office of the President has been used to foment a plot to destroy the American's freedom." Let us honor his sacrifice by dismantling this fortress of fiscal tyranny and restoring the constitutional monetary system that once made America the beacon of liberty!