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assets. Without assets, they could not borrow money. It would seem the story would end there but not so fast. Someone in the United States Congress came up with a grand idea; use the property of average American citizens as the collateral. How did they do this? Simple, the 16th Amendment of the United States Constitution which established the federal income tax was passed earlier in 1913 in preparation for the impending establishment of the federal reserve. How convenient!

By understanding "Fiat currency," the Federal Reserve System, the 16th amendment, and the $8.5 trillion debt it should become clearer that the whole system is nothing but a money-making scam for the rich elites to benefit from. The other thing that should be taken from this is that when you file your income tax this year you should not smile at all the wonderful services that the money you have paid will provide you and your fellow citizens. That money is simply going to pay the interest on the federal debt, meaning the government will fall further and further into economic oblivion while the American citizens grow poorer because of it and the greedy private bankers at the Federal Reserve sit back and reap the rewards.

Paul Warburg is largely credited as the brains behind the federal reserve system and this quote is very telling, ""Whoever controls the volume of money in any country is absolute master of all industry and commerce." Very interesting don't you think?

Learn more about this author, Kevin Hall.
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