Catholic Church and Federal Reserve Policies
By Bill Price
The Catholic Church condemns immoral social policies in its official teaching. The attached letter enumerates some pertinent citations in the Churches official teaching regarding unethical and immoral policies which apply to the Federal Reserve Bank.
I suggest that every Catholic aware of these unethical immoral and unconstitutional problems regarding such enumerated policies, sign and send a copy of this letter to their Bishop. Our Bishops, unlike our politicians, cannot compel support, it is voluntary. But, our Bishops like our politicians respond to pressure. Additionally, until a moral public response is forthcoming, it is our duty to withhold donations and pledges to diocesan programs. We must insist that our Bishops address these lethal social ills for the good of our Church and our Country. May God have mercy on the leaders of our church and state, for it is primarily through their sins of neglect that we are now so close to peril. Peter was told by our Lord to “feed my sheep”. It is clear that most of our leaders, especially of the Church, have repeatedly failed God. It is time for our episcopate to repent, and with humility lead their flocks in truth on all moral matters social and spiritual.
A Call to Action
Catholic Church Condemns Federal Reserve Bank Policies
April 30, 2007
To: Bishop William S. Skylstad, President of the U.S. Catholic Conference of Bishops
And all U.S. Catholic Bishops
3211 Fourth Street, N. E.
Washington D.C. 20017
From: William Price
P.O. Box 188
Chelsea, MI 48118
Dear Excellencies,
The purpose of this letter is to present a serious matter involving the common good. We embrace the Catholic formula for family, “the division of labor for the sake of order”. This order, also referred to as the “economy of the family”, is being shaken to its very foundations. We ask as our Shepherds that you speak out on the gross injustices repeatedly perpetrated against the families of your flocks. These gross injustices are not exclusive to Catholics, but include virtually everyone within your dioceses.
“…Fraud and other subterfuges, by which some people evade the constraints of law and the prescriptions of social obligations, must be firmly condemned because they are incompatible with the requirements of justice. Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916
Your Excellencies, our monetary system is presently administered by private individuals that collect hundreds of billions of dollars annually in interest. This tribute/interest is taken from all who use our medium of exchange, the dollar. The poor are most adversely affected by the profit motives of the super rich (bankers). According to our government’s figures (see attached) our gross national debt is well over eight trillion dollars. When you divide this among our population, a family of four has a built-in debt of $117,155. Many millions of unemployed and disabled cannot pay. The balance owed by those with a means to pay is obviously much higher than this quoted figure. Currently, federal income taxes are placed in the general fund and used primarily to pay the interest on this enormous debt. The principal continues to grow as government enlarges it through chronic borrowing. A new family in America starts out with astronomical debt. We the people fall further into a condition of economic slavery through Federal Reserve policies.
Excellencies, I call the following Federal Reserve policies to your attention:
“That’s right – Banks create money.” (Through a process called “fractional banking) “Suppose for example that somebody borrows $90 and pays a bill with it. Whoever receives the 90 payment is likely to deposit it in another bank which can lend $81. Whoever receives the payment will deposit it in another bank, which will lend $72…” Federal Reserve Bank of New York, Public Information Department, 33 Liberty St., New York, NY.
Private Banks, for example, can create $1,000 from a mere $100 deposit by using the above formula. The banks are creating what they lend, and charging interest on what they create.
From your Excellencies’ document, Social Development and World Peace; What Does the Church say About Debt and Jubilee: “Social Justice requires that political, economic, and social institutions promote participation and human development...” and also stated in the USCCB’s Themes of Catholic Social Teaching: “…and the measure of every institution is whether it threatens or enhances the life and dignity of the human person…The person is not only sacred but also social. How we organize our society in economics and politics, in law and policy, directly affects human dignity and the capacity of the individual to grow in community…A basic moral test is how our most vulnerable members are faring…” As the above moral barometer blatantly illustrates, institutional policies by the Federal Reserve Bank are responsible for economic failure in the USA.
The Federal Reserve Bank received its charter from the U.S Congress in 1913 and now arbitrarily expands our nation’s money supply with interest bearing debt certificates (Federal Reserve Notes).
Andrew Jackson, on March 4, 1836, stated after refusing to be a party to the re-charting of the “II Bank of the United States: “If Congress has the right under the Constitution (Article I § 8 part 5) to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or to corporations.” (President Jackson vetoed the bill to re-charter the misnamed, private “Bank of the United States”.)
Proponents of the above named bank used the words “United States” in its title. Citizens naturally believed that it (the bank) would be controlled by the U.S. Congress. In the same way, today people are being misled about the Federal Reserve Bank. The Federal Reserve Bank is a privately owned, for profit lending institution. It has never been audited by Congress and controls our economy completely with its unconstitutional power to create “money”, Federal Reserve Notes.
“It is incumbent on those who exercise authority to strengthen the values that inspire the confidence of the members of the group and to put themselves at the service of others. Participation begins with education and culture.” Catechism of the Catholic Church- “Participation in Social Life” #1917 “
One is entitled to think that the future of humanity is in the hands of those who are capable of providing the generations to come with reasons for life and optimism.” Gaudium et Spes 31 § 3.
Excellencies, millions of Catholic families throughout all the dioceses are being decimated through the vices of greed and avarice; these vices have translated into criminal acts of vast proportions. Under the current monetary system there is no reason for optimism. There are too few actively attempting to right such wrongs based on the laws and moral admonitions reflected in our Lord’s edicts. “Render unto Caesar what belongs to Caesar” is one such command from our Lord and Savior that has been grossly manipulated in order to defraud the just wages of Catholics and non-Catholics alike. U.S. citizens (Catholics and Non-Catholics) are willing to pay taxes for the necessities of their government’s operation, not to fulfill its wildest dreams through massive borrowing from private bankers.
Private for profit lending institutions, such as the Federal Reserve Bank, are operating for personal gain, thwarting the public good, and wallowing in trillions of dollars procured through deceitful debt “policies”. Not a dollar in circulation exists any longer that does not exact a private bankers tribute from all, Catholic and non-Catholic citizens. These current manipulations, using private credit money have driven prices to extreme levels and threaten the very existence of families under your care.
“The following are also morally illicit: speculation in which one contrives to manipulate the price of goods artificially in order to gain an advantage to the detriment of others; corruption in which one influences the judgment of those who must make decisions according to law; appropriation and use for private purposes of the common goods of an enterprise…Willfully damaging private or public property is contrary to the moral law and requires reparations.” Catechism of the Catholic Church; the 7th Commandment “Respect for Persons and Their Goods #2409
Theft is surely punished by your law, O Lord, and by the Law that is written in the human heart, the law that inequity itself does not efface.” St. Augustine, Conf.2 4, 9
Excellencies, this is obviously a moral matter involving an institution that is gravely effecting the lives of millions of families in your dioceses. Once again:
“…Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916.
As our Shepherds with authority to proclaim the truth on matters of morality, it is incumbent on you to educate your flock in order that they may begin to correct these errors/sins leading to so much misery. Additionally, such manifestations “…must be firmly condemned because they are incompatible with the requirements of justice. Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916
I am enclosing three copies of the movie Freedom to Fascism. This movie effectively chronicles the evil I have alluded to concerning the Federal Reserve’s deceptive monetary policies, and should be of some benefit in your fact gathering on these moral matters concerning the common good. Congressional representatives primarily have state responsibilities and obligations as promulgated by the Supreme Court: “No state legislator or executive or judicial officer can war against the Constitution without violating his undertaking to support it.” Cooper v Aaron, 358 U.S. 1, 78 S. Ct. 1401 (1958) Your Excellencies personal response to this most urgent matter on the basis of morality concerning the public good is being respectfully solicited. Due to the urgency of this matter I will ask editors of Catholic periodicals to publish this as an open letter to all of your Excellencies. I will also ask such editors to publish your response/s.
The public good can only be served when personal profit motives concerning money creation/coining are eliminated. Profit within the Federal Reserve Bank is gigantic, and its potential is virtually limitless. The Federal Reserve is not a government agency; it’s a for-profit privately owned lending institution. In the past certain representatives in the U.S. Congress have pleaded to have the Federal Reserve audited, like Congressman Ron Paul, but they were always outvoted by a majority in the finance committee. The U.S. Congress does not control the Federal Reserve Bank. The Federal Reserve Bank’s influence controls deciding members of the Congress. Congress continues to violate the Constitution by not coining money and regulating the value thereof. “It is incumbent on those who exercise authority to strengthen the values that inspire the confidence of the members of the group and to put themselves at the service of others. Participation begins with education and culture. ” Catechism of the Catholic Church- “Participation in Social Life” #1917 “
Excellencies you have the moral authority to condemn the gluttony motivated by profit policies that have robbed this generation of a true cause for hope concerning their future. Merely using Federal Reserve policies for doing the math produces probable cause for losing hope. “One is entitled to think that the future of humanity is in the hands of those who are capable of providing for the generations.” Gaudium et Spes, 31 § 3.
We have virtually no representation in this matter and are calling on you to publicly condemn this attack on the public good.
“Congress shall have the power to coin money, regulate the value thereof; and of foreign coin…” U.S Constitution Article I § 8 part 5
“If Congress has the right under the Constitution (Article I § 8 part 5) to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or to corporations.” Andrew Jackson
The following is a copy of the Federal Reserve Act. The Act itself reveals the private, for profit nature of the Federal Reserve and demonstrates its incompatibility with the common good. Your voice in defense of those suffering under this breach of the public trust, and its debilitating effects on their families, is vital to the future of your flock. This letter is also being e-mailed for expediency, to UCCB president at webcoordinator@usccb.org.
Sincerely,
William Price
Notary: The above has appeared before me and properly identified himself. He has presented an original and three copies of this letter and retains the copies for his records
Enclosures: 4 page letter, 7 page copy of the Federal Reserve Act, 3 page copy of the U. S. National Debt Clock (total 14 pages) and three copies of the movie America Freedom to Fascism.
The Catholic Church condemns immoral social policies in its official teaching. The attached letter enumerates some pertinent citations in the Churches official teaching regarding unethical and immoral policies which apply to the Federal Reserve Bank.
I suggest that every Catholic aware of these unethical immoral and unconstitutional problems regarding such enumerated policies, sign and send a copy of this letter to their Bishop. Our Bishops, unlike our politicians, cannot compel support, it is voluntary. But, our Bishops like our politicians respond to pressure. Additionally, until a moral public response is forthcoming, it is our duty to withhold donations and pledges to diocesan programs. We must insist that our Bishops address these lethal social ills for the good of our Church and our Country. May God have mercy on the leaders of our church and state, for it is primarily through their sins of neglect that we are now so close to peril. Peter was told by our Lord to “feed my sheep”. It is clear that most of our leaders, especially of the Church, have repeatedly failed God. It is time for our episcopate to repent, and with humility lead their flocks in truth on all moral matters social and spiritual.
A Call to Action
Catholic Church Condemns Federal Reserve Bank Policies
April 30, 2007
To: Bishop William S. Skylstad, President of the U.S. Catholic Conference of Bishops
And all U.S. Catholic Bishops
3211 Fourth Street, N. E.
Washington D.C. 20017
From: William Price
P.O. Box 188
Chelsea, MI 48118
Dear Excellencies,
The purpose of this letter is to present a serious matter involving the common good. We embrace the Catholic formula for family, “the division of labor for the sake of order”. This order, also referred to as the “economy of the family”, is being shaken to its very foundations. We ask as our Shepherds that you speak out on the gross injustices repeatedly perpetrated against the families of your flocks. These gross injustices are not exclusive to Catholics, but include virtually everyone within your dioceses.
“…Fraud and other subterfuges, by which some people evade the constraints of law and the prescriptions of social obligations, must be firmly condemned because they are incompatible with the requirements of justice. Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916
Your Excellencies, our monetary system is presently administered by private individuals that collect hundreds of billions of dollars annually in interest. This tribute/interest is taken from all who use our medium of exchange, the dollar. The poor are most adversely affected by the profit motives of the super rich (bankers). According to our government’s figures (see attached) our gross national debt is well over eight trillion dollars. When you divide this among our population, a family of four has a built-in debt of $117,155. Many millions of unemployed and disabled cannot pay. The balance owed by those with a means to pay is obviously much higher than this quoted figure. Currently, federal income taxes are placed in the general fund and used primarily to pay the interest on this enormous debt. The principal continues to grow as government enlarges it through chronic borrowing. A new family in America starts out with astronomical debt. We the people fall further into a condition of economic slavery through Federal Reserve policies.
Excellencies, I call the following Federal Reserve policies to your attention:
“That’s right – Banks create money.” (Through a process called “fractional banking) “Suppose for example that somebody borrows $90 and pays a bill with it. Whoever receives the 90 payment is likely to deposit it in another bank which can lend $81. Whoever receives the payment will deposit it in another bank, which will lend $72…” Federal Reserve Bank of New York, Public Information Department, 33 Liberty St., New York, NY.
Private Banks, for example, can create $1,000 from a mere $100 deposit by using the above formula. The banks are creating what they lend, and charging interest on what they create.
From your Excellencies’ document, Social Development and World Peace; What Does the Church say About Debt and Jubilee: “Social Justice requires that political, economic, and social institutions promote participation and human development...” and also stated in the USCCB’s Themes of Catholic Social Teaching: “…and the measure of every institution is whether it threatens or enhances the life and dignity of the human person…The person is not only sacred but also social. How we organize our society in economics and politics, in law and policy, directly affects human dignity and the capacity of the individual to grow in community…A basic moral test is how our most vulnerable members are faring…” As the above moral barometer blatantly illustrates, institutional policies by the Federal Reserve Bank are responsible for economic failure in the USA.
The Federal Reserve Bank received its charter from the U.S Congress in 1913 and now arbitrarily expands our nation’s money supply with interest bearing debt certificates (Federal Reserve Notes).
Andrew Jackson, on March 4, 1836, stated after refusing to be a party to the re-charting of the “II Bank of the United States: “If Congress has the right under the Constitution (Article I § 8 part 5) to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or to corporations.” (President Jackson vetoed the bill to re-charter the misnamed, private “Bank of the United States”.)
Proponents of the above named bank used the words “United States” in its title. Citizens naturally believed that it (the bank) would be controlled by the U.S. Congress. In the same way, today people are being misled about the Federal Reserve Bank. The Federal Reserve Bank is a privately owned, for profit lending institution. It has never been audited by Congress and controls our economy completely with its unconstitutional power to create “money”, Federal Reserve Notes.
“It is incumbent on those who exercise authority to strengthen the values that inspire the confidence of the members of the group and to put themselves at the service of others. Participation begins with education and culture.” Catechism of the Catholic Church- “Participation in Social Life” #1917 “
One is entitled to think that the future of humanity is in the hands of those who are capable of providing the generations to come with reasons for life and optimism.” Gaudium et Spes 31 § 3.
Excellencies, millions of Catholic families throughout all the dioceses are being decimated through the vices of greed and avarice; these vices have translated into criminal acts of vast proportions. Under the current monetary system there is no reason for optimism. There are too few actively attempting to right such wrongs based on the laws and moral admonitions reflected in our Lord’s edicts. “Render unto Caesar what belongs to Caesar” is one such command from our Lord and Savior that has been grossly manipulated in order to defraud the just wages of Catholics and non-Catholics alike. U.S. citizens (Catholics and Non-Catholics) are willing to pay taxes for the necessities of their government’s operation, not to fulfill its wildest dreams through massive borrowing from private bankers.
Private for profit lending institutions, such as the Federal Reserve Bank, are operating for personal gain, thwarting the public good, and wallowing in trillions of dollars procured through deceitful debt “policies”. Not a dollar in circulation exists any longer that does not exact a private bankers tribute from all, Catholic and non-Catholic citizens. These current manipulations, using private credit money have driven prices to extreme levels and threaten the very existence of families under your care.
“The following are also morally illicit: speculation in which one contrives to manipulate the price of goods artificially in order to gain an advantage to the detriment of others; corruption in which one influences the judgment of those who must make decisions according to law; appropriation and use for private purposes of the common goods of an enterprise…Willfully damaging private or public property is contrary to the moral law and requires reparations.” Catechism of the Catholic Church; the 7th Commandment “Respect for Persons and Their Goods #2409
Theft is surely punished by your law, O Lord, and by the Law that is written in the human heart, the law that inequity itself does not efface.” St. Augustine, Conf.2 4, 9
Excellencies, this is obviously a moral matter involving an institution that is gravely effecting the lives of millions of families in your dioceses. Once again:
“…Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916.
As our Shepherds with authority to proclaim the truth on matters of morality, it is incumbent on you to educate your flock in order that they may begin to correct these errors/sins leading to so much misery. Additionally, such manifestations “…must be firmly condemned because they are incompatible with the requirements of justice. Much care should be taken to promote institutions that improve the condition of human life.” Catechism of the Catholic Church, “The Person and Society”, Article II 1916
I am enclosing three copies of the movie Freedom to Fascism. This movie effectively chronicles the evil I have alluded to concerning the Federal Reserve’s deceptive monetary policies, and should be of some benefit in your fact gathering on these moral matters concerning the common good. Congressional representatives primarily have state responsibilities and obligations as promulgated by the Supreme Court: “No state legislator or executive or judicial officer can war against the Constitution without violating his undertaking to support it.” Cooper v Aaron, 358 U.S. 1, 78 S. Ct. 1401 (1958) Your Excellencies personal response to this most urgent matter on the basis of morality concerning the public good is being respectfully solicited. Due to the urgency of this matter I will ask editors of Catholic periodicals to publish this as an open letter to all of your Excellencies. I will also ask such editors to publish your response/s.
The public good can only be served when personal profit motives concerning money creation/coining are eliminated. Profit within the Federal Reserve Bank is gigantic, and its potential is virtually limitless. The Federal Reserve is not a government agency; it’s a for-profit privately owned lending institution. In the past certain representatives in the U.S. Congress have pleaded to have the Federal Reserve audited, like Congressman Ron Paul, but they were always outvoted by a majority in the finance committee. The U.S. Congress does not control the Federal Reserve Bank. The Federal Reserve Bank’s influence controls deciding members of the Congress. Congress continues to violate the Constitution by not coining money and regulating the value thereof. “It is incumbent on those who exercise authority to strengthen the values that inspire the confidence of the members of the group and to put themselves at the service of others. Participation begins with education and culture. ” Catechism of the Catholic Church- “Participation in Social Life” #1917 “
Excellencies you have the moral authority to condemn the gluttony motivated by profit policies that have robbed this generation of a true cause for hope concerning their future. Merely using Federal Reserve policies for doing the math produces probable cause for losing hope. “One is entitled to think that the future of humanity is in the hands of those who are capable of providing for the generations.” Gaudium et Spes, 31 § 3.
We have virtually no representation in this matter and are calling on you to publicly condemn this attack on the public good.
“Congress shall have the power to coin money, regulate the value thereof; and of foreign coin…” U.S Constitution Article I § 8 part 5
“If Congress has the right under the Constitution (Article I § 8 part 5) to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or to corporations.” Andrew Jackson
The following is a copy of the Federal Reserve Act. The Act itself reveals the private, for profit nature of the Federal Reserve and demonstrates its incompatibility with the common good. Your voice in defense of those suffering under this breach of the public trust, and its debilitating effects on their families, is vital to the future of your flock. This letter is also being e-mailed for expediency, to UCCB president at webcoordinator@usccb.org.
Sincerely,
William Price
Notary: The above has appeared before me and properly identified himself. He has presented an original and three copies of this letter and retains the copies for his records
Enclosures: 4 page letter, 7 page copy of the Federal Reserve Act, 3 page copy of the U. S. National Debt Clock (total 14 pages) and three copies of the movie America Freedom to Fascism.
posted by The Freedom Fellowship at
2:17 PM
2 Comments:
Excellent piece, Bill!
One minor correction---
Govt-issued "debt certificates" are known as Treasury Bills, or "T-Bills", not Federal Reserve Notes.
The Fed Govt euphemistically refers to this process as the "sale" of T-bills. In fact, NOTHING is being "sold"---the Govt is borrowing money, and of course, must pay interest. The interest is paid with Individual Income Taxes (100%) AND MORE BORROWED MONEY. This is the obscene, nonsensical fiat money system that is managed by the Fed Reserve System, and that We the People have allowed to exist in our country.
Worse still, about half of all T-Bills sold are purchased by our own Govt! That's right---trust fund money (e.g., from Social Security) is used to "purchase" T-Bills, so that some other Department can spend money which was designated for another purpose.
This insanity must end.
Sincerely,
Scott
I read most of that, good info. One part I think you left out (though I'm not sure?) is where the Bible says something to the effect that unequal weights and measures are an abomination. I think there's more than 1 passage about that. As a 'floating currency' that would make the FRN an unequal weight and measure.
To me, that's one more thing that points to our Constitution having been crafted by men who knew the Bible and God's laws! fwiw.
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