Who Owns the Federal ReserveThe
Tax Revolt.Paying
off Debt with InterestThe
Gold StandardThe
Money Masters VideoHR
2977NESARATerrorism

Below you will find Mr. Griffin's responses to letters,
emails, and questions that he is frequently asked.

February 3, 2003 - Who Owns The Federal
Reserve? - As pointed out in my book, The Creature
from Jekyll Island, the Federal Reserve is owned by the
member banks that comprise the system. This, however, is misleading
because their shares of stock do not carry the usual prerogatives of
ownership. For one thing, the stockholders cannot sell their shares,
which they could do if they truly owned them. For another, they have
no voice in the selection of the members of the board at the federal
level. The Fed, although it is a corporation chartered by Congress,
is not like most other corporations. It is, in fact, a hybrid
organization specifically designed to facilitate operation of a
cartel. What we have is a banking cartel with participation by
government to enforce cartel agreements, and the unique structure
was designed for that purpose.

The New York Times, in its September 23, 1914, edition, published a
list, released by Dow Jones & Company, of the initial owners of
the stock issued by the Federal Reserve. They were, of course, all
banks. However, it went further and reported the names of
individuals who held the largest blocks of ownership in those banks.
There were no surprises, except that certain expected names did not
appear. Frank Vanderlip, for example, who was President of National
City Bank, did not appear on the list at all. The names listed with
the largest number of shares were James Stillman, J.P. Morgan,
William Rockefeller, G.F. Baker, Mary Harriman, A.T. Russell, H.A.C.
Tayor, E.J. Berwind, J.W. Sterling, H.C. Fannestock, Mary C.
Thompson, and William Woodward. To the best of my knowledge, there
is no one on the list who was not a U.S. citizen. It is possible, of
course, that some of the shares held nominally by Morgan or others
were actually owned by European investors, such as Rothschild, but
there is no public record of that.

The question of which families own the controlling shares of the
major banks that, in turn dominate the Fed holds great fascination
among the Fed’s critics. In my own view, however, it is relatively
inconsequential. The issue consumes much time and energy but leads
nowhere. It may be true that powerful families in the United States
and Europe dominate some of the largest banks in the world,
including those that have the strongest influence over the Federal
Reserve. But so what? Even if that were not true, we would still
have the same problems. The implication is that, if we somehow could
pull the Federal Reserve away from these private hands and turn it
over to the government instead – if we could only eliminate those
big, bad bankers and turn the system over to those nice, trustworthy
politicians, all would be well. Not so. Politicians are no more to
be trusted with the power to create money out of nothing than
bankers. The issue is, not who creates fiat money, but that it IS
created. Whether done by bankers, politicians, or the two together,
makes no difference. No matter who holds that power, they will use
it to their own advantage and rob the nation through that hidden tax
called inflation.
I mention this
because most of the time when I hear a complaint about the fact that
private individuals and families control the banks that dominate the
Fed, it is followed by an appeal to “nationalize” the Fed. This is a
non-solution. The Fed does not need to be nationalized. It needs to
be abolished.
In summary: I don’t
care who owns the Fed. Let’s get rid of the thing.

August 18, 2002 - The Tax Revolt - My
view is that the income tax is unconstitutional, immoral, and
illegal. Realistically, however, I do not have confidence in
escaping it on the basis of constitutional, moral, or legal
arguments. To be successful at that, these arguments must stand up
in court. If the courts do not uphold the Constitution, or admit
moral arguments into evidence, or respect the law (as advocates of
tax-avoidance programs say) then, eventually, anyone who relies on
these programs will end up in prison. If the courts will not defend
them, who will? Some may escape for a while; but unless the
underlying problem is changed, all those who opt out of the tax
system will eventually be crushed by the power of the
state.
It is not true that we can
slay the monster merely by refusing to feed it with taxes. If you
have read The Creature from Jekyll Island, you will understand that
the government can create all the money it needs through the
Mandrake Mechanism. They can collect it through inflation. As long
as the Federal Reserve is allowed its mandate to create money out of
debt, there is nothing we can do to avoid paying the hidden tax of
inflation, and the monster will
thrive.
I, too, do not like paying
income taxes for all of the technical and moral issues stated, but
my response is that we should do what we can to arouse public
opinion to the point where the 16th amendment will be repealed and
the IRS abolished. That, of course, is not something a person can do
alone – which is one of the reasons the tax-revolt programs are
appealing – but, in my opinion, it is the only real and permanent
solution to the problem.

Sometimes it is necessary to take a stand on principle regardless of
the consequences. But one should always keep an eye on the war as
well as on the battle. It is sometimes necessary to retreat from one
battle in order to fight again in another battle that offers a
better chance of final victory. We must choose our battleground
carefully. Opposing government corruption at its strongest point is
not wise. Its strongest point is the tax-enforcement system. That is
partly because the courts are honed to support it and partly because
the general public believes it is founded in law. Its weakest point
is public opinion regarding what SHOULD be the law, not what the
public thinks it IS. So my judgment tells me that this is where we
should attack: Consolidate public opinion behind true tax reform.
Don’t FIGHT the system; CHANGE the system. Be willing to go to
prison if you must to uphold your principles. But remember: the war
continues, and you can’t defend freedom from inside a jail cell.

April 17,
2002:

Hello Dennis.

It is a common belief that debts
cannot be fully paid because money is not created to cover the
interest. I have explained previously why I believe that is false
reasoning, but here is my reply to your latest comments on the
matter.
You are correct that there
could come a time when interest could become so great and compound
so rapidly that no amount of human effort could be applied to earn
enough money to pay it off. However, if that point arrives, the debt
must either be repudiated or foreclosed. If it were to be
repudiated, the banks would lose their anticipated profits. If it
were to be foreclosed, most people would be in servitude to the
banks. Under the present scheme of things, there is little doubt
which course would be followed. The banks have no intention of
allowing the debt to be repudiated. That is where their partnership
with the government would really pay off. The government would be
called in to bail out the banks and provide necessities for the
people – at the price of obedience, of course. Involuntary servitude
would then become, not just a part-time activity to pay off debt,
but a FULL-time activity to support the state-industrial-banking
complex. Under a totalitarian system such as that, the question of
debt, interest payments, and money supply would become meaningless.
It would be the end of the line for voluntary commercial
transactions and natural economic laws. While this process is
developing, it is still possible to pay off debt with labor because
it can be bartered for money that already exists. However, if the
process is allowed to run its course, there will be little need for
money in the equation. Obedient labor will become the ultimate
medium of exchange. The assertion that debts cannot be paid because
money is not created to cover the interest is false. The real
scenario, however, is much worse.

Ed Griffin

April 16,
2002:

Hello James.

You have raised the question;
"Should the gold standard be pegged to a basket of commodities so
the purchasing value of the dollar will remain the same?" My answer
is that it should be the other way around. The value of gold should
be determined by its supply and demand. Then simply let all
commodities (not just a selected "basket" of them) be pegged to
gold. Otherwise, someone will always have to decide what is to be in
the basket, and we will be back to manipulation of the money supply
by committees motivated by political expediency. Look at what they
have done to the so-called basket of prices used to calculate
inflation. It is hanged constantly to manipulate the outcome. The
beautiful thing about the gold standard in a free market is that it
works all by itself - automatically!

It needs no committees of
supposedly wise men to administer it. It seems that theorists will
never learn that it is impossible to improve on the natural law.
Probably one reason is that it serves their egos and their special
interests to attempt otherwise.

Ed Griffin

April 5,
2002: The Money Masters video, written and produced by
Bill Still, is an excellent production with sound history and
professionally created images. It tells the story of our debauched
money system in an entertaining and convincing manner. There is just
one problem with it. It offers a false solution – which is to say
that it offers no solution at all. The alleged solution is that we
abandon our present fiat money system and adopt another one very
much like it. Yes, it advocates FIAT money! The proposal is that we
should take the power to create money-out-of-nothing away from those
big, bad bankers and turn it over to those nice, trustworthy
politicians, instead. It is naïve to think that politicians are any
more trustworthy than bankers. The problem with money created out of
nothing is not who does it but that it is done at
all.
In this regard, Money Masters
is like William Greider's book, Secrets of the Temple, which was
offered to the public as a scathing exposé of the Federal Reserve
System. His history was excellent, but his conclusion was fatally
flawed. After having proven that the Fed was conceived as a weapon
of the banking elite against the common man and having shown
throughout his book that this is exactly the function it has always
served, his conclusion was, not to abolish the Fed or even to make
serious changes to it. His “call to action” was simply to stop
worrying about it. The Fed has made mistakes, he said, but we have
learned many lessons along the way. All we need now are wiser men to
run it! That is exactly the kind of solution what made his book
acceptable to the giant publishing house, Simon and Schuster. It is
no solution at all. The elite do not care what we know about a
problem if we don't do anything about it. They are quite good at
putting forth their own opposition – writers like Greider – who will
sound the alarm and rally the troops but lead them exactly nowhere.

More recently, Simon and Schuster
published another book in this same category, Day of Deceit; The
Truth about FDR and Pearl Harbor, by Robert Stinnett. It is a block
buster of facts and previously hidden documents proving beyond doubt
that FDR, Secretary-of-War Henry Stimson, General George Marshall,
and many others high in the Roosevelt Administration secretly
plotted to cause Japan to successfully Attack Pearl Harbor as an
excuse to bring the United Stated into World War II supposedly as a
victim of an unprovoked attack. So, what was Stinnett's conclusion?
Was it to condemn these men for their treachery? Not at all. It was
that this act was justified because it helped put a stop to Hitler
in Europe. In other words, to halt totalitarianism in Europe, it was
necessary to adopt totalitarianism in America, and to do so was an
act of great statesmanship! Once again, Simon and Schuster provided
the American people with a false opinion leader. What's the point of
getting all frothed up over a president lying to the voters and
deliberately causing thousands of Americans to be killed if we are
then to decide that he was a hero for doing
so?
That is exactly what Bill Still
has done in Money Masters. The solution to fiat money is NOT more
fiat money. It is REAL money based on tangible assets, and none has
yet been discovered that serves as well as gold or silver. The
assertion in the video that wooden sticks were successfully used in
England as money is grossly misleading. Tally sticks were
occasionally used like government-issued script that could be
applied to the payment of taxes, but at no time in history were they
ever used as a medium of exchange for substantial economic
transactions. To propose that we now can live with fiat money based
on that myth is a non-solution that is both irrational and
dishonest.

HR 2977: HR 2977 is a Trojan Horse. Look at
it. It calls for (1) unilaterally stopping all U.S. development of
space weapons – including defensive ones – and (2) submitting to UN
control over space weapons – whether the rest of the world
cooperates or not. It would leave the U.S defenseless against the
Soviets, the Chinese, and especially the UN totalitarians who would
not hesitate for a instant to deploy such weapons against us –
treaty or no treaty. The bill has nothing to do with chemical
spraying except “in the vicinity of a person.” Ha! Spraying at
30,000 feet in the air is not “in the vicinity of a person.” The
bill is focused on weapons above 60 kilometers above the earth, and
the word “chemtrails” appears only once in a list of things the bill
would prohibit, but there is no explanation of what a chemtrail is
or how and why it is used. It appears to have been added to the list
primarily as bait to get the support of those who are concerned
about the threat to their health but have no concept of the UN
threat to their freedom. Judging by the rapid support it received
within the alternative health movement, the strategy has worked. I
wouldn’t touch this with a ten-foot pole.

NESARA: In the NESARA Executive Summary,
point number one says that the bill would establish Treasury credit
notes. That means money based on debt, not bullion. It is fiat
money. And, incidentally, credit notes are forbidden by the
Constitution, so the claim that NERSARA is Constitutional is totally
false.

Point number three calls, not for abolishing the Fed, but for
merely turning it over to the Treasury. Point number five calls for
continuing the operation of the Open Market Committee, which is the
primary mechanism by which the Fed creates money out of nothing.

Don’t fall for this trap. It is not a solution. The preliminary
wording is very strong and positive sounding, but it is deception.
It would give people the false impression that something is being
done but, in the end, the same people would be perpetuating the same
scam as before.

Terrorism: Due to current events many
people are looking for answers, opinions, and an understanding. Mr.
Griffin is has prepared articles that will soon be chapters to a new
book titled The Future is Calling that address the questions
being proposed to himself and Reality Zone. For now the articles can
be viewed in the Issues
Section of Freedom Force.

We have also added a new section to our website in response to
the current activities in the world. That section is Freedom
Force. Which has transcripts from some of our videos currently
including the documentary on Strategies and Tactics of Terrorism
titled No
Place to Hide.

We ask and urge that you do not take out your anger or hurt on
others. Let us focus on helping those that need us. Remember that
what was done today was not done by a "people" and that Muslims,
Palestineans, and others from Arabian countries that are citizens of
the US have the right to be here and did not necessarily play a role
in this event. Please do not attack or harm people simply because of
their heritage, religion, or race.

"I shall allow no man to belittle my soul by making me hate
him."

Booker T. Washington
From "Timeless
Wisdom"

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