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The Enemy From Within II

The Enemy From Within II

Re: ** FED-UP ** 
By: Thomas D. Schauf (1992)

Task Force Colleague . . . . . . . . . . . . . . September 9, 1995

Mr. Thomas D. Schauf, worked up his 30 page report, to clear up questions he had received about the Federal Reserve Bank (FED). Mr. Schauf spent a great deal of time researching the FED. (Note: We reduced this 30 page report to 16 pages, to make it more enjoyable. We reduced the number of endorsements, and none of the essential facts have been altered. We did use #12 character size from #16.) The resulting, shocking and revealing conclusions are as follows.

THE FEDERAL RESERVE BANK IS A PRIVATE COMPANYArticle 1, Section 8 of our Constitution states that Congress shall have the power to coin money and regulate the value, thereof. Today, however, the FED, which is a privately, owned company, controls and profits from coining (printing) money through the treasury, and regulating its value.

The FED began with approximately 300 people, or banks, that became owners (stockholders purchasing stock at $100 per share – stock is not publicly traded), in the Federal Reserve Banking System. They make up an international banking cartel, of wealth, beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17), in interest (usury), annually, and distributes the profits to its shareholders. The Congress gave the FED the right to print money, (through the treasury), at no usury to the FED. The FED creates money from nothing, and loans it back to us, through banks, and charges usury on our currency. The FED also buys government debt, with money printed on a printing press, and charges, U.S. taxpayers, usury. Many Congressmen and Presidents say, this is fraud (Reference 1,2,3,5,17). (Note: References are listed on page 14 of this report.)

Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central Banks, a very well kept secret, has been revealed:

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      Goldman, Sachs of New York
 of Italy                    Chase Manhattan Bank of New York
Warburg Bank of Amsterdam    
             (Reference 14, p.13, & Reference 12, p. 152)

These Bankers are connected to London Banking Houses, which, ultimately, control the FED. When England lost the Revolutionary War with America, they planned to control us, by controlling our banking system, with the profit, on the printing of our money, and our ever increasing debt. (Reference 4).

The individuals, listed below, owned banks, which in turn, owned shares in the FED. The banks, listed below, have significant control, over the New York FED District, which controls the other 11 FED districts. These banks, also, partly foreign-owned and control the New York FED District Bank.

First National Bank of New York
National City Bank, New York
National Bank of Commerce, New York
Hanover National Bank, New York
Chase National Bank, New York
Paul Warburg
Levi P. Morton
George F. Baker
Mrs. G. F. St. George
Katherine St. George
J. P. Morgan (Equitable Life/Mutual Life)
(Reference 4 for above, Reference 22 has details, P.92,93,96,179)

James Stillman
Mary W. Harnman
A. D. Jiullard
Jacob Schiff
Thomas F. Ryan
William Rockefeller
M. T. Pyne
Percy Pyne
J. W. Sterling
H. P. Davidson
Edith Brevour T. Baker

How did it happen? After previous attempts, to push the Federal Reserve Act, through Congress, a group of bankers, funded and staffed Woodrow Wllson’s campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather of the Rockefellers, pushed the Federal Reserve Act, through Congress, just before Christmas, when much of Congress was on vacation (Reference 3,4,5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country (Reference 17, P.31).

Now, the banks, financially, back sympathetic candidates. Not surprisingly, most of these candidates are elected (Reference 1, P.208- 210, Reference 12, P. 235, Reference 14, P. 36). The bankers employ members of the Congress on weekends, (nickname T&T; club), with lucrative salaries (Reference 1, P. 209). Additionally, the FED started buying up the media in the 1930’s and, now, owns ,or significantly influences, most of it (Reference 3,10,11, Reference 1, P. 145).

President Lincoln, Jackson, and Kennedy tried to stop this family of bankers, by printing U.S. dollars without charging the taxpayers usury. (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. The 1992, taxpayers paid the FED banking system, $286 Billion in usury, on debt the FED purchased, by printing money virtually cost free. (Reference 12, P. 265). Forty percent of our personal federal income taxes goes to pay this usury. The FED’s books are not open to the public. Congress has yet to audit it.

Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation, to repeal the Federal Reserve Banking Act of 1913. Congressman Henry Gonzalez, a Chairman of the House Banking Committee, introduced legislation to repeal the Federal Reserve Banking Act of 1913, nearly, every year. It’s always defeated, the media remains silent, and the public never learns the truth. The same bankers, who own the FED control the media, and give huge political contributions to sympathetic members of Congress (Reference 12, P.155- 163). The FED fears the population will become aware of this swindle and demand change. We, the people, are at fault for being passive and allowing this deception to continue.

Rep. Louis T. McFadden (R-PA) rose from office boy to become cashier, and then, president of the First National Bank of Canton, Ohio. For 12 years, he served as Chairman of the Committee on Banking and Currency, making him one of the foremost, financial authorities in America. He fought continually for fiscal integrity and a return to Constitutional government. (Reference 1).

The following are portions of Rep. McFadden’s speech, quoted from the Congressional Record, pages 12595-12003.

“The Federal Reserve Board, a government board, has cheated the Government of the United States, and the people of the United States, out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board, and the Federal Reserve banks, acting together, have cost this country enough money to pay the national debt several times over.”

About the Federal Reserve banks, Rep. McFadden said, “They are private credit monopolies, which prey upon the people of the United States, for the benefit of themselves and their foreign customers, foreign and domestic speculators and swindlers; and rich and predatory money lenders. This is an era of economic misery, and for the conditions that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.” {Fron the Depression Years-1930’s}

On the subject of media control, he stated, “Half a million dollars was spent, on one part of the propaganda, organized by those same European bankers, for the purpose of misleading public opinion, in regard to it.

Rep. McFadden continued, “Every effort has been made by the Federal Reserve Board to conceal its power, but the truth is, the Federal Reserve Board has usurped the Government of the United States. It controls everything, here, and it controls all our foreign relations. It makes and breaks governments at will. No man ,and no body of men, is more entrenched in power than the arrogant credit monopoly ,which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country, of, more than enough, money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people.

“Our peoples money to the extent of $1,200,000,000 has, within the last few months, been shipped abroad, to redeem Federal Reserve Notes, and to pay other gambling debts, of the traitorous Federal Reserve Board and the Federal Reserve banks. The greater part of our monetary stock has been shipped to foreigners. Why should we promise to pay the debts of foreigners to foreigners? Why should our government be put into the position of supplying money to foreigners? Why should American farmers and wage earners add millions of foreigners to the number of their dependents? Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?” Rep. McFadden asked.

The Federal Reserve Act should be repealed ,and the Federal Reserve banks having violated their charters, should be liquidated immediately. Faithless government officers, who have violated their oaths, should be impeached and brought to trial”, Rep. McFadden concluded (Reference 1, contains an entire chapter on Rep. McFadden speech).

If the media is unbiased, independent and completely thorough, why haven’t they discussed the FED. Currently, half the States have at least a grass roots movement in action, to abolish the FED, but there’s no press coverage. In July 1968, the House Banking Subcommittee reported that Rockefeller, through Chase Manhattan Bank, controlled 5.9 % of the stock in CBS.

Furthermore, the bank had gained interlocking directorates with ABC. In 1974, Congress issued a report, stating that the Chase Manhattan Bank’s stake in CBS rose 14.1 %, and in NBC to 4.5 % (through RCA, the parent company of NBC). The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. After this report, the Chase Manhattan Bank obtained 6.7 % of ABC, and today the percentage could be much greater. It only requires 5 % of ownership, to significantly influence the media (Reference 25, P.56-57). This is only one ,of the 300 wealthy, shareholders of the FED. It is believed, other FED owners have similar holdings in the media. To control the media, FED bankers call in their loans, if the media disagrees with them (Reference 25, P. 134-137).

Rockefeller also controls the Council on Foreign Relations (CFR), the sole purpose of which is to aid in stimulating greater interest in foreign affairs and a one world government. Nearly every major newscaster belongs to the Council on Foreign Relations. The Council on Foreign Relations controls many, major newspapers and magazines. Additionally, major corporations owned by FED shareholders are the source of huge advertising revenues which surely would influence the media . Reference 14, P.56-59). It can be no wonder, why groups such as the UWSA Federal Reserve Accountability receive minimal, if any, press attention.

How do taxpayers stop financing those who are hell-bent on enslaving us and out to destroy us? First expose their activity, then demand change through your Congressman.

THE SOLUTION: Currently all we do is exchange FED money (usury Attached) for real U.S. money (usury free), dollar for dollar, as Kennedy tried to do. We should not be required to pay usury on our own currency. According to Benjamin Franklin, this was one of the primary reasons we fought the Revolutionary War. Today, we are still fighting the same family of bankers (Reference 4, Reference 1, P. 211,212).

The U.S. Government can buy back the FED. at any time .for $450 million (per Congressional record). The U.S. Treasury could then collect all the profit on our money, instead of the 300 original shareholders of the FED. The $4 trillion of U.S. debt could be exchanged, dollar for dollar, with U.S. non-usury bearing currency, when the debt becomes due. Personal income tax could be cut, if we bought back the FED and, therefore, the economy would expand. According to the Constitution, Congress is to control the creation of money, keeping the amount of inflation or deflation in check. If Congress isn’t doing their job, they should be voted out of office. Unfortunately, voters can’t vote the FED, or it’s Chairman, out of office.

If the U.S. government has a deficit, we could handle it, as Lincoln and Kennedy did. Print money and circulate it into the economy, but this time usury-free. Today. the FED, through foreign banks, owns much of our debt and therefore controls us, the FED will cease to exist, as taxpayers become informed and tell other taxpayers. The media and Congress will have no choice but to meet the demands of grass roots America (Reference 1, P. 17,22)


By law, (check the Congressional record) we can buy back the FED for the original investment of the FED’s 300 shareholders, which is $450 million, (Reference 1, P. 227, Reference 17, P. 36) if each taxpayer paid $25, we could buy back the FED, and all the profit would flow into the U.S. Treasury. In other words, by Congress allowing the Constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers.

NOTE: The people, who enacted the FED, started the Internal Revenue Service (IRS), within months, of the FED’s inception. The FED buys U.S. debt with money, they printed from nothing, then charge the U.S. taxpayers usury. The government had to create income tax, to pay the usury expense to the FED’s shareholders, but the income tax was never legally passed; (Reference 20 shows details, State-by-State, why it’ was never legally passed). The FED is illegal, per Article 1, Section 8 of the United States Constitution. Not one State legally ratified the 16th Amendment making income tax legal. Currently, fewer, and fewer, Americans are being convicted for refusal to pay income taxes. In IRS jury trials, the jury, by law, must decide, if the law is just. If taxpayers do not believe the law is just, the jury may declare the accused, innocent. Judges are legally bound to inform juries of their right to determine the fairness of the law. Judges often do not disclose this information, so they can control court outcome. Luckily, more and more citizens are becoming informed (Reference 19). In Utah, the IRS quit prosecuting taxpayers, because jurors verdict is not guilty. Please tell you’re friends and sit in the next jury.

If we eliminate the FED, and uphold the Constitution, we could balance the budget and cut personal income tax to almost nothing. In Congressional hearings on September 30, 1941, FED Chairman, Eccles, admitted that the FED creates new money from thin air (printing press), and loans it back to us with usury; (Reference 17, P.93). On June 6, 1960, FED President, Mr. Allen, admitted essentially the same thing (Reference 22, P. 164). If you or I did this, we would go to jail.

It is time to abolish the FED! Tell your friends, relatives, acquaintances, and organizations, the truth and win back America. We don’t even need to buy back the FED. We only need to print money the way the Constitution requires, not the new proposed international money. We want to keep our sovereignty and print real U.S. money. Why has the Congress allowed the FED to continue? If a Congressman tries to abolish the FED, the banks fund the Congressman’s opponent in the next election (Reference 17, P.35). The new Congressman will obviously support the FED. When Congress people retire, political campaign funds are not taxed. Get elected and be a millionaire, if you vote right. By the way, the profit of the FED is not taxed, either (Reference 1,9). Once America understands, and takes action, Congressmen will then gladly abolish the FED. In 1922, Illinois Congressman Crane introduced a bill, co-sponsored by 40 other Congressmen, to audit the FED. This is a step in the right direction.

America is a great nation. As “We the People” become informed, the media and Congress will be forced to buy back the FED, balance the budget, significantly cut taxes, and stop allowing the bribes to determine voting strategies. I have heard from politicians who claim they will change their platform to include abolishing the FED, if enough people become informed.


The FED hopes you will be passive and not act on this information. We believe in grass roots America – we are waking up America. Ultimately, the battle plan is to inform all Americans and demand change in the media and Congress. True Americans should run for office and throw out the politicians, who allow this fraud to continue. Congress may refuse to deal with this issue. That’s why each person needs to go to their local, county and state government, with proper paperwork, and ask them, to abolish the FED. With proper documents, they are legally obligated to do it.


Consider this fact. Most of the given sources, in this report, show the blood-line of family bankers, who own the FED, and funded both sides of the major wars.

They created fake colonial money, to destroy the Americans, during the Revolutionary War and tried to finance both sides in the American Civil War. Abraham Lincoln refused, and the south accepted. Many publications show that these bankers financed WW I, WW II, and the Russian Revolutionary War, which helped Napoleon, Lenin, and Hitler come to power. They financed both sides, from money created from nothing, and profited greatly. These same bankers created a number of American depressions, to change the U.S. Legislation, and seize our wealth. Read the sources for details. This is why, our forefathers wrote in the Constitution that only Congress can issue money, not private banks (Reference 18). More wars create more debt, which means more profit to the bankers (Reference 1, 21). These bankers planned three world wars, so people would welcome United Nations intervention, to govern the world in peace, not war. (Reference 22 gives specific details on WW I and WW II showing exactly how the bankers were responsible, for the beginning, and continuation, of these wars ,for their profit.)

The banks have publicly announced they will force us to a cashless society by 1997. Furthermore, they plan to create a one world government through the United Nations headed by the FED, Trilateral, Council on Foreign Relations (Reference 3). By the definition of treason, they have committed treason. This means you lose your rights under the Constitution and Bill of Rights. Does this sound far fetched? Twenty four U.S. Senators and 80 Representatives have signed a “Declaration of Interdependence”. This Declaration, designed to make a one world government, is treason to the oath of office they took. The media remained silent. The FED announced publicly that their first objective was to get nationalism out of the American people’s heads, because patriotism, to a country, would not be of value, in the future. The media makes us think the U.N. has all the answers and to “think globally”. Congress passed a law stopping certain individuals from being tried for treason (Reference 6, Reference 1, P. 191-198). Why pass this law. if no treason was committed? State Department document 7277 calls for the disarming of America, thus, turning our sovereignty over to a one world government. Again, the media is pushing to eliminate guns. Our forefathers believed that the right to bear arms would prevent a takeover of our government. History shows before any government took over, they disarmed the citizens. Hitler did it, and before our Revolutionary War, King George told us to disarm . . . good thing we didn’t!!! Under the Federal Reserve Bank Act, the bankers control of our economy. The FED controls usury rates and the amount of money in the economy. These factors determine either economic prosperity or the lack thereof. Bankers are now pushing for a one world government and a cashless society. Why cashless? No cash means no money for drugs, no theft, and the inability to collect taxes on the underground economy. Anyone who won’t support a cashless society, must be a drug dealer, thief, or tax evader, right? What a cashless society really means is ,the banks can now control you. Today, you fear the IRS. In a cashless society, if you disagree with the bankers political goals, you’ll find your money gone, via computer error. (For additional information on a cashless society, read Reference 13, P.174; Reference 3; Reference 14, P.9-12; Reference 15, P. 136; Reference 25, P. 216.)

If you could accurately predict future usury rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. The FED has a secret meeting (per Congressional Record) to determine future usury rates and the amount of money to be printed. The Security Exchange Commission (SEC), by law, stops insiders from profiting by privileged information. Congressional records prove the FED bankers routinely hold secret meetings, to profit by manipulation of the stock market, via usury rates and the amount of money they create. FED bankers also profit greatly from economic disasters like the depression (Reference 22, P. 56).

The bankers create inflation, sell their, stocks before the market crashes, then buy up at cheaper prices. Bankers admitted this to Congress. This violates the law, yet Congress does not act, because these bankers are large, political contributors. (Reference 17, P. 96-98; Reference 1, P. 162163; Reference 22, P.114-170 & 136). Thomas Jefferson predicted this scenario if we ever allowed a private bank, like the FED, to create out currency. (Reference 1, P. 247)

FED Chairman Burns stated, “A killing can be made simply by knowing the next few months newspapers ahead of time.” Congressman Patman said, “The FED officials own more than 100 million dollars (of stocks) while making decisions influencing these stock prices … ” (Reference 24, P. 123). History proves that banks profit from bankrupting a nation. (Reference 22, P. 56)

Congress consistently defeats balanced-budget amendments. In the past 30 years, Congress has raised our taxes 56 times and balanced the budget only once. We need the sound banking system our forefathers wanted us to have. History proves that banking systems, like the FED, don’t work. Major world powers have been destroyed ,over similar banking systems (Reference 1). If we don’t change this system, as soon as possible, in less than five years, all our taxes will pay only the interest on the national debt.

Section 7 of the Federal Reserve Act, passed December 23, 1913, states that much of the profit of the FED should flow into the U.S. Treasury. In 1959, new legislation allowed the FED to transfer bonds to commercial banks, at no cost to the bank. Now, the FED receives less usury income and less profit to the U.S. Treasury, because the money is diverted to other banks, through an accounting entry. (Reference 17, P. 115-130). Congress and the IRS do not have access to the financial records of the FED. Every year, Congress introduces legislation to audit the FED, and every year it is defeated. The FED banking system could easily be netting 100’s of billions in profit each year. Through “creative accounting”, profit can easily be reclassified as expense (Reference 14, P. 20, Reference 17, P. 239). Within the first few years, the shareholders of the FED, received their initial investment back, with no risk. All the profit is tax free, except for property tax, according to the Federal Reserve Act. When are the profits, of the FED, going to start flowing into the Treasury, so that average Americans are no longer burdened with excessive, unnecessary taxes? Clearly Congress can not, or will not, control the FED.



*** Buy back the FED and have the U.S. government collect all profits.

*** Abolish the FED by printing real U.S. Dollars, as President Kennedy attempted (Executive order # 11.110, 1963). (Reference 4).

*** Request your county/state to use their Constitutional powers to abolish the FED. This is the BEST SOLUTION. Nearly half the States are attempting, or considering, this action (Reference 5). Congress has had 80 years to follow the Constitution, and has refused to abolish the illegal FED. The State/County effort is working faster than any other method. We need your support to start a local chapter, and petition your County.

THE WRONG SOLUTION THAT HAS FAILED FOR 82 YEARS: Congress and the media may want to require the FED, to return the acquired profits into the U.S. Treasury (per the Federal Reserve Act, 1913). The problem is that with “creative accounting” techniques, profit can be easily masked as expense. The FED has expensed items, illegally, to lower profit (Reference 17).

“We The People” have pushed the following States to pass, or introduce legislation, calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana and Texas. We still need your signatures on petitions, even if you live in these States. Many other States are considering such action due to your petitions. These States, and a few honest Congressmen, are powerless, until all Americans become informed and demand change. Please pass out petitions. Once we demand change, the media will have to report the whole truth, and not just push their own agenda. We challenge the media to report the truth and facts on prime- time talk shows and/or news programs.

IN CLOSING: For the owners of the FED to control the volume of money and become our absolute masters, they had to get the Gold away from our grandparents. This was accomplished in 1933 with threats of fines and imprisonments, by their President, Franklin D Roosevelt, with aide Harry Hopkins said . . . “Elect, elect, elect, tax, tax, tax, spend, spend, spend, for the people are too damned stupid to understand”. By the way, Roosevelt was an International banker. See “Fool’s Gold is Green”, by Winston Smith.

The FED is Slowly Destroying America – Our government never had a chance…with political corruption ravaging its Constitution. The real facts don’t lie…and neither do government documents…Congressional Record, Congressman Wright Patman, A Primer On Money prepared by the Sub-committee on Domestic Finance, House of Representatives, Committee on Banking and Currency – 88th Congress, 2nd Session, August 4th, 1964 and December 23, 1913, page 1464 & 1478.

Congressional Record, Congressman Louis McFadden, June 10, 1932, House of Representatives, pages 12604- 12605.

Congressional Record, 98th Congress, 1st Session, February 3, 1983, Congressman Ron Paul.

Congressional Record, Committee on Banking and Currency, House of Representatives, 77th Congress, 1st Session, Tuesday, September 30, 1941, pages 1342 – 1345.

From The Holy Bible, Book of John: Jesus went up to Jerusalem. In the temple he found the moneychangers (bankers) at their business. And making a whip of cords, he drove them out of the temple; and he poured out the coins of the money-changers (bankers) and overturned their tables. And he told them, “you shall not make my father’s house, a den of thieves and robbers”.



WHY OUR FOREFATHERS FOUGHT THE FED: “Allow me to control the issue and the nation’s money and I care not who makes its law!” This quote has long been attributed to the 18th century, banker Amshell Rothschild. [His blood line controls the FED]. For if one, unscrupulous group is allowed to print a nation’s money – it can eventually use that money, to gain control of the press, AND the politicians – and thus gain control of making the nation’s laws – and finally – control of the nation itself. (Reference 4)

If you will take the time to read the reference material listed, which has been researched, by Professors of Universities, Congressmen, etc., you will turn up information that might frighten you. For instance, In 1921 the stockholders of the Federal Reserve financed an organization called the Council on Foreign Relations (CFR). Harper’s Magazine called this, the most powerful organization in the United States. Ninety percent of the people in the State Department, and key positions in the Executive Branch, are members of the CFR. The CFR publishes a magazine called “Foreign Affairs”. Read it ,if you want to know what is going to happen in coming years. (Reference 3)

Congressman Patman re-quoted Thomas Jefferson, showing that our founding fathers knew this banking principle, very well. “I believe that banking institutions are more dangerous to our liberties than standing armies….”. “Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money),” he said, “should be taken from the banks, and restored to the people, to whom it properly belongs…” The Constitution is specific about the authority of the people, through their elected officials, to control the money, and thus, the affairs of their government. (Reference 5, P. 32)

Ben Franklin said in his autobiography, “The inability of the colonists to get the power ,to issue their own money, permanently ,out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War. ” (Quoted in Reference 4)

Congressman Charles A. Lindsbergh of Minnesota said: “This Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized….the worst legislative crime of the ages perpetuated by this banking and currency bill.” (Reference 5, P. 33)

Napoleon, a sympathizer for the international bankers, turned against them in the last years of his rule. He said: “When a government is dependent for money upon bankers, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes….Money has no motherland; financiers are without patriotism and without decency, their sole object is gain.” (Reference 4)

In 1897, the Supreme Court declared that the U.S. Government can legally issue United States Notes, usury and debt free, just as Lincoln and Kennedy attempted. (Reference 1, P. 233)

FED violates Security & Exchange Commission (SEC) rules. (Reference 17, P. 96-98)

California 9th Circuit Court declared FED banks are private, not government. (Reference 17, P. 273)

A Republican Senator, who preferred to remain unnamed, stated: Congress is too much motivated by fears and anxieties concerning pressure groups and the next election (Reference 1, P. 210)

When you take the time to read the reference material, there are at least fifteen more that you will find. I will add one more.

The FED system is the death of our Constitution! (Reference 1, P. 250


1. England lost the Revolutionary War.

2. England nearly destroyed the Colonies by creating fake Colonial money and hyper-inflation.

3. Rothschilds who control the Bank of England (Like our FED) said that by controlling the issue of money (printing it), you can control the government.

4. The authors of the Constitution understood private banks’ control over governments. The Constitution gives only Congress the right to print money.

5. From the beginning of the United States to present there have been 2 ways to issue new currency:

The first way is to have the government print the money, debt and usury free, and circulate it through the economy for use as a medium of exchange. There is no tax levied to pay usury on the currency in circulation, because it is usury and debt free. This is the system Lincoln used with his “Greenbacks”, a system Kennedy desired, and Jefferson demanded.

The second method is: The Citizens allow the bank to print $500 billion in currency (cash). The bank pays for the cost of printing, ink and paper. The citizens do not charge the bank any usury, for use of the $500 billion, in printed currency. The bank uses the $500 billion cash to buy $500 billion in government bonds, which pays the bankers usury. The bank keeps some of the bonds and sells, for a fee (10%), some of the bonds to the public. The bank can buy back the bonds, from the public, simply by printing more money. The bankers can create inflation & depressions by the amount of currency in circulation. The FED operates exactly like this today. It also prints money (through the U.S. Treasury), and uses this printed money, to buy loans from other banks. This money has created our inflation. We give the bank, cash, usury free, then, they charge us usury on our own currency.

Examine our history in the presence of our two banking systems!!

Ben Franklin – The Two Banking Systems

….From the autobiography of Ben Franklin, by Gertrude Coogan, in “Money Creators”:

…..the inability of the colonists to get the power to issue their own money, permanently, out of the hands of George III, and the international bankers, was the PRIME reason for the Revolutionary War. (Reference 4)

Soon after the war was won, Ben Franklin, answering a question about the booming economy, of the young colonies: “That is simple. In the colonies we issue our own money. It is called Colonial Script.”

Franklin added, “We issue it in proper proportions to the demands of the trade and industry.” (Colonial Script had no debt or usury attached.) (Reference 4


International bankers saw that usury-free script would keep America free of their influence, so, by 1781, banker-backed, Alexander Hamilton succeeded in starting the Bank of America. After a few years of “bank money”. the prosperity of “Colonial Script” was gone. Benjamin Franklin said, “Conditions were so reversed that the era of prosperity had ended and a depression set in, to such an extent that the streets of the Colonies were filled with the unemployed!” Bank money was like our FED money. It had debt and usury attached. By 1790, Hamilton and his bankers had created a privately, owned, central bank and converted the public debt (usury-free), into usury-bearing bonds, payable to the bankers. When Hamilton’s bank charter expired in 1811, the international bankers started the War of 1812. By 1816, another privately-owned U.S. bank was started with $35 million in assets – only $7 million of that was owned by the government. This bank lasted for 20 years. U.S. history shows that currency with debt & usuryattached created a depression. (Reference 4}


When the 1816 charter expired, in 1836, Andrew Jackson vetoed its renewal. It was then that he made two, famous statements: “The Bank is trying to kill me – but I will kill it!” Later he said, “If the American people only understood the rank injustice of our money and banking system – there would be a revolution before morning….” (Reference 4)


President Lincoln needed money to finance the Civil War, and the international bankers offered him loans, at 24-36% usury. Lincoln balked at their demands, because he didn’t want to plunge the nation into such huge debt. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury notes. Lincoln said, “We gave the people of this Republic the greatest blessing they ever had – their own paper money to pay their debts…” Lincoln printed over 400 million “Greenbacks” (debt and usury free) and paid the soldiers, U.S. government employees, and bought war supplies. The international bankers didn’t like it and wanted Lincoln to borrow the money, from them ,so that the American people would owe tremendous usury on the loan. Lincoln’s solution made this seem ridiculous. (Reference 1, P. 46,47, Reference 4)

Shortly after Lincoln’s death, the government revoked the Greenback law, which ended Lincoln’s debt-free, usury-free money. A new national banking act was enacted, and all money became usury-bearing, again. (Reference 4)

If we can convert U.S. dollars that are usury and debt free, to usury bearing currency, we can change it back, just as easily. Both the media and the banking system will probably claim that such a change will cause hyper-inflation. The answer, however, can be found in history. Lincoln printed debt and usury-free Greenbacks (cash) to finance an entire war.

With added production, you can add currency, to the Economy, without having hyper- inflation. Lincoln proved it !!!

John F. Kennedy – a President with vision!

On June 4, 1963, President Kennedy issued Executive order #11.110. This Executive order called for the issuance of a new currency.

The United States Note.

At the time, $4,292,893,815 of this currency was put into circulation. This new currency was to be distributed through the U.S. Treasury, and not the Federal Reserve System. Furthermore, it was to be issued usury and debt free. Upon Kennedy’s assassination, this currency was withdrawn from circulation, never to be issued again. The media remained silent, on how Kennedy would have eliminated the debt and usury payments, and therefore, eliminated the FED. Usury-free United States Notes do not result in hyper-inflation. By issuing United States Notes, usury-free, we have less usury expense, and less taxes. With less taxes, people spend more and buy more. This results in added production, and therefore, you can add dollars without inflation. Either Rockefeller, and his people, will spend your tax money into the economy, or you get to spend your own money, by paying less taxes. The bankers want you to think, you’ll have mass inflation by changing the system. This is only true, if you add dollars to the economy, without added production. For example, look what happened in post WW I Germany. They merely printed money, without increasing production. The result was hyper-inflation.

Another example: In the entire economy, if you have only 10 loaves of bread and only $10, each loaf would sell for $1. If you print an extra $10, now, you have $20 and the 10 loaves of bread would sell for $2 each. This is only true, if we do not have added production. If we print more money, and bake more bread, we have $50 and 50 loaves, so each loaf still sells for $1. As long as you monitor production with increased cash, inflation will not occur. Under the FED system, the price of bread has dramatically increased since 1913. If we cut taxes and spend your money, instead of the bankers spending it, you will have more bread, cars, and wealth, than the bankers. Someone will spend your money – it might as well be you.

A FED-like banking system has destroyed other governments. In five years, all taxes will pay only the usury on the debt. Clearly, the FED must be abolished, before we’re demolished! Already, laws are set up to have a dictatorship, when we have the economic crisis (FEMA).

England never gave up, on owning, the United States. They are still fighting the same Revolutionary War. The Bank of England, through the Rothschilds, owns and controls the FED. (Reference 22). We have been robbed of our wealth, and in less than five years, we will be bankrupt, if there is no change. The FED bankers will, legally ,own our nation, our houses, our cars, our businesses, just as Thomas Jefferson predicted.


U.S. history proves that issuing debt and usury-free currency allows our economy to prosper, as long as Congress controls the amount of money created. You can add printing dollars, into the economy, as you add production, and there will be no inflation. With today’s sophisticated computers, we can easily monitor the printing of money and inflation.

Congress needs to buy back the FED and/or abolish it. Any government debt they own would be automatically eliminated. All remaining debt could be paid as needed, with the same type of currency, Kennedy issued (debt and usury-free United States Notes). United States Notes are backed by the full faith of the best government in the world – The United States of America. This is no different then the backing of today’s Federal Reserve Notes. U.S. citizens collect, only, a small fraction, of the usury income, on Federal Bonds and Bills. Foreigners benefit from this usury, but we pay the tax, so that they collect usury on our currency. This makes sense to bankers and Congressmen ,who receive money from bankers and foreign lobbyists.

As we pay less usury, government spending will decrease, and so will taxes. Less taxes mean that people buy more goods and services and our economy expands. An expanded economy means more jobs and higher profits for business. More profit means increased state/federal business taxes. Businesses continue to pay taxes, while personal taxes decrease, and, possibly, be eliminated, as government can print the money needed for its operation, provided government monitors production, to warrant increased cash, into the economy. People will have more money to spend, will buy more, and, therefore, pay increased State sales tax. This allows the States to balance their budgets, without raising real estate taxes. As history proves, we all will prosper.

For nearly 82 years, the FED has destroyed our economy. It will take years to undo this damage. Just as Congress appoints a Postal Service, we will have Congress appoint and agency, to monitor inflation, as we exchange our retiring government debt, for a debt and usury-free United States Notes (cash). We need to break up all Central Banks created by the FED, and return to the Constitution of the United States. We have to return the power of the citizens’ money back to the people. (We highly recommend the members of the agency to monitor inflation, consist of American Citizens, born in the United States of America, with no ties to any bank or monetary system, and successful in their chosen vocation, regardless of calling.)


* Inform all Americans of this report and collect signatures on petitions.

* Demand that Congress and the Media support the American citizens’ rights to uphold the Constitution and abolish the illegal FED.

* Write to your local newspaper, show them this report and ask them to keep freedom of the press alive, support the Constitution and abolish the FED. Freedom of the press should not be limited to those who own it.

* Write to CNN and other media. Tell them you want to see exposure of
“The Enemy From Within, on their programs.

* Ask your State/County Representatives to use their Constitutional powers to enforce your rights, under the Constitution, to have the FED abolished. Write to Reference 5, for detailed paperwork, to be given to your local government. (The power of the 10th Amendment is in place!)

* On TV and Radio Talk Shows, call in and discuss, why, the FED should be abolished.

* Support businesses who distribute the petitions and display signs to abolish the FED, if they are undecided, get them a copy of this report, have them read it, and to please cooperate, for the good of our United States of America, and the American people.

* Ask candidates, if they plan to introduce legislation to abolish the FED and uphold the Constitution which they are obligated to defend. Make candidates take a stand! Have your congressman sign a contract with the American people, enacting legislation to abolish the FED, by a certain date, or the congressman must resign from office. From history, The Congress and President, in 1912, promised the people, “No FED”, before the election. Thirteen months later, they passed the FED.

* Show bumper stickers to show support and inform people.

* Make copies of this report, then when 5,000 people distribute 2-3 of these reports daily, we can inform half a million Americans monthly. Roughly 10%, of these half a million people, will make more copies and inform others. The goal is to inform 70 million adult Americans. Public opinion will soon be on our side. Once 10% of the population knows, the other 90% will follow!

It is our recommendation that you research the references listed, support this organization, so that we can help other organizations that are trying to stop this fraud, by the FED, and help us to in our goal to get every American to sign these petitions!


(1) The Federal Reserve Bank, by H. S. Kenan, published by The Nootide Press.
(2) National Committee to Repeal The Federal Reserve Act, PO Box 156, Westmont, IL 60559.
(3) The New World Order, Saving America, PO Box 1205, Middleburg, FB 32050-1205.
(4) Bulletin, February 1989 & November 1991 issues, PO Box 986, Ft. Collins, CO 80522 (Newsletter). $3 each.
(5) The Most Secret Service, Betsy Ross Press, PO Box 986, Ft. Collins, CO 80522 (Book) States attempt to abolish the FED. $12.00, contains Federal Reserve Act legislation passed in 1913.
(6) Insider Report, PO Box 84903, Phoenix, AZ 8S071 (Newsletter)
(7) Phoenix Journal Express, PO Box 986, Tehachap, CA 93581 (8) $16 trillion in government and private debt, much of which the FED pnnted and collected usury on. (Reference 3)
(9) North Tactical Team, PO Box 129, Topton, NC 28781
(10) Christian Defense League, Box 449, Arabi, LA 70023
(11) Bulletin, June 1992, PO Box 986, Ft. Collins, CO 80522
(12) Savings and Loan Unethical Bailout, by Rev. Casimir F. Gierut.
(13) Dark Secrets of the New Age, by Texe Marrs.
(14) En Rout to Global Occupation, by Gary H. Katt.
(15) One World, by John Ankerberg & John Weldon.
(16) The Spotlight, 300 Independence Ave., S.E., Washington, DC 20003 (Newspaper)
(17) Repeal the Federal Reserve, by Rev. Casimir Frank Gierut.
(18) The Constitution of the United States.
(19) Walls in Our Minds, by M. J. Red Beckman, Common Sense Press, PO Box 1544, Billings, Ml 59103. A must-read book. $2.50
(20) The Law That Never Was, Volume 1, Bill Benson & M. J. Red Beclanan, PO Box 1544, Billings, MT 59103 or write to Bill Benson, PO Box 550, South Holland, IL 60473. Proof that the 16th Amendment (income tax) was never properly ratified.
(21) New World Order: The Ancient Plan of Secret Societies, by William T. Still.
(22) The Secrets of the Federal Reserve, by Mullins.
(23) The Social Security & Pension Conspiracy, by Mettz (See next reference for more Info.)
(24) The History of the Federal Reserve; How to Replace It, or How to Reform It, by Metz, PO Box 341, Malverne, NY 11565
(25) The New World Order, by Pat Robertson. On page 131 he states that we must abolish the FED.

America Betrayed, Center from Action, 652 N. Glenview, Mesa, AZ 85213.

For references 1, 12 and 17, contact The National Committee to Repeal the Federal Reserve Act (2)


Here’s one terrific example:

John Swinton, the former Chief of Staff for the New York Times, was one of America’s best loved newspapermen. Called by his peers, “The Dean of his Profession,” John was asked, in 1953, to give a toast, before the New York Press Club, and in so doing made a monumentally important and revealing statement. He is quoted as follows: “There is no such thing, at this date of world’s history, in America, as an independent press. You know it and I know it. There is not one of you, who dares to write your honest opinions, and if you did, you know, beforehand, that it would never appear in print. I am paid weekly for keeping my honest opinion, out of the paper, I am connected with. Others, of you, are paid weekly, similar salaries for similar things, and any of you, who would be so foolish, as to write honest opinions, would be out on the streets, looking for another job. If I allowed my honest opinions, to appear in one issue of my paper, before twenty-four hours, my occupation would be gone. The business of the journalists is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell this country and his race for his daily bread. You know it, and I know it, and what folly is this, toasting an independent press? We are the tools and vassals of rich men, behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.”

Is there bias in the media?

You can lay a wager on it! As an example – In the TV Presidential Debates, in 1992, Clinton was asked, “Should there be RESTRICTIONS on the FED?” The next day, major newspapers, said they covered the whole presidential debate text, and many newspapers eliminated this one question. Check at your library.

Richard M. Cohan, Senior Producer of CBS political news said, “We are going to impose OUR AGENDA, on the coverage, by dealing with issues and subjects that WE choose to deal with.”

Richard Salant, former President of CBS News stated, “Our job is to give people not what they want, but what WE decide they ought to have. “

These statements are followed by statements made by Norman Thomas, Herman Dismore, Walter Cronkite, Barbara Walters. Deference to all above media personalities – Operation Vampire Killer, PO Box 8712, Phoenix, AZ 85066)

Please See References on Page 14 !!!

When, and if, you have the time to research the references noted, there is no question that you will turn up many more facts and testimonials. In this report, we have reduced, or eliminated items that were repetitious or outdated. However, we have the original report in our files, and it is open to your inspection anytime.

We strongly urge you to make copies of this report and distribute them to family, friends and neighbors. Request that they do the same. It is mandatory that we educate as many voters and taxpayers, before the elections of 1996. Spread the word, and if you cannot make copies, get $5 from the interested party, and send us the order, for this report.

We will see that it gets to them.

We are looking for leaders in all states to help us abolish the FED. Please write to us and we will see that information reaches you for dissemination within your City, County, and State. The future of America depends on everyone.

For additional copies:

1-3 $5.00 ea.
4-10 $4.00ea.
10-100 $3.50 ea.
100 or more……………… 2.50 ea.

Reference 26 – one book We highly recommend is “Operation Vampire Killer 2000”, and can be ordered from: ACLA, PO Box 8712, Phoenix, AZ 85066. This must-read book, with quotes, from well known people. This book proves conspiracy. Your local police, county police, and state police need to read this book, so they will protect you – – not to become United Nations Agents against you.

PARTING SHOTS–Please See References on Page 14

Various dates and proofs that the Bankers created panic to push Congress to pass laws favoring bankers….Reference 22;

President Wislon received $85,000 bride from bankers….Reference 22, pages 25-26;

How England, through Bankers, control our Congress….Reference 22, pages 47-48;

Rockefeller is connected to President Carter….Reference 22, page 171; Reference 25, page 103;

How George Bush is directly connected to the FED bank….Reference 22, page 49;

President Hoover and President Roosevelt were International Bankers….Reference 22, pages 69-71 and pages 57-659;

President Nixon was hired by Rockefeder’s law firm to become president….Reverence 25, pages 100-101;

FED owner’s manual to destroy and control U.S. citizens….Reference 22, pages 55-56; and

Proof the FED knowingly created the Great Depression for their gain….Reference 22, pages 137-170.

( There is more !!!!!)

PO Box 081335
Racine,WI 53408-1335

** FED-UP **


By: Thomas D. Schauf

The one, unconstitutional law that gave us a National Debt, and authorized a PRIVATE corporation, to issue fraudulent money:


We believe the American system of government, a Constitutional republic, is the highest arrangement, in regard, to a government, (of, for, and by the people,) ever developed by man. We honor the dignified behavior of the Founding Fathers, who gave their all, that United States of America came into existence.

(There IS a conspiracy to change all this!)

There is now an updated, 16 page report available, explaining in detail, the story of money manipulation and political intrigue that exposes plans already manipulating our laws, elected servants, even to the president, and trying to force the American people into bondage and servitude in the New World Order. This demonic scheme is the objective of a group of people, so powerful, they can buy and control countries, and they are not elected. By way of this scheme, they control the debt and destiny of America. This updated, 16 page report, “FEDUP”, by Thomas D. Schauf, is a fully documented report, for an easy solution, to keeping our rights, to cutting taxes, and to balancing the budget. (Fact not fiction!!!!!)

For organizations there are quantity prices, please ask. Your members need this information. It is documented truth. There are 25 references that you can contact for further information!

NOTE: In 1913, members of Congress committed treason and violated their oath of office, to defend the Constitution, against all enemies, foreign and domestic, by voting in, the Federal Reserve Act. Others who followed, have not repealed this horrendous legislation to date.

I wonder, WHY?????

Why not print this out from your Browser, and mail it to The UWSA Task Force, TODAY.




(Post paid for a contribution of $5.00 or more.) Phone:

M. H. (Pep) Stofen            PLEASE RECYCLE THIS REPORT
Midwest Coordinator	    Make copies for family,
		             friends, and neighbors.

This is the End of the UWSA Task Force Report.
Please See References on Section 14


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