Background- Creation of the Federal Reserve and the IRS
When the United States of America was created and the constitution was signed, our founding fathers argued heavily against the installation of a central bank. Their reasoning was that a central bank would consolidate the wealth of the country into the hands of a few people. Those few people would eventually have total control over the freedom and prosperity of the nation.
The United States had instituted a central bank several times but those attempts failed until 1913. In 1910, a group of very wealthy men met in secret on Jekyll Island, off the coast of Georgia, for 2 weeks and painstakingly created the blueprint for the next United States central Bank. They very carefully chose the name Federal Reserve for this new central bank. The idea was to fool Congress and the American people into thinking that this institution was both Federal and somehow held some kind of reserves. Well, it is NOT Federal, it is private and it has NO reserves except that which has been stolen from the America people.
To learn more of the stories of the Federal Reserve and its dangers to America (and the world) watch this gripping video by G. Edward Griffin, author of the book The Creature from Jekyll Island, as he takes you down the clandestine story of the Feds creation and what it means to us today.
The Creature from Jekyll Island by G.Edward Griffin
The Creature From Jekyll Island A Second Look at the Federal Reserve by G. Edward Griffin
If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.Thomas Jefferson
Money, Banking and the Federal Reserve (Full Length Documentary)
The Income Tax and the IRS
Some people also believe that the Internal Revenue Service (IRS) has been around since the beginning of our country. The fact is the IRS was created along with the passage of the Federal Reserve Banking Act in 1913. The purpose of the IRS and the new income tax was to collect the interest on the so called loans by the FEDERAL RESERVE to the UNITED STATES government.
In 1983, J. Peter Grace was commissioned by President Ronald Reagan to investigate waste and inefficiency in the US government. When the Grace commission completed their report, they had this to say about the income tax:
100 percent of what is collected is absorbed solely by interest on the Federal debt and by Federal Government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services which taxpayers expect from their Government.
In other words, the income tax does not pay for ANY of the services provided by government and the money is then paid into the hands of private bankers.
Condensed version of the grace report