The National Debt - By a Comedian
"The national debt has long been portrayed as a burden we’re placing on future generations. John Oliver discusses how national debt works, why people are so concerned about it, and why it might be more helpful that you think"
Presented in the context of describing the magnitude of the National Debt in very expressive language.
the Federal Reserve - By A Commentator
Every American born after this will inherit debt on money we created from nothing. Generational servitude. The Federal Reserve, not federal, no reserves. But everyone will think it’s their government protecting them.
The greatest scam in history...
— Opportunity Cost (@OppCostApp) August 5, 2025
The creation of the Federal Reserve: pic.twitter.com/24PsEZb38C
Why Not Audit the Fed?
Extract from a video presentation by G. Edward Griffin, author of the book The Creature from Jekyll Island:
The Federal Reserve system does not need to be audited… it needs to be abolished. And the reason I say that is because I'm sure that if they audited the Federal Reserve system they would find out that it is doing exactly what it is supposed to do. There’s no secret there. There is no shenanigans going on behind the scenes. It’s all out in the open if we just study the Federal Reserve on the basis of what we know already. If we read their literature, if we dig into the history we find out that it is one of the greatest scams of all history out on the surface. It doesn’t need an audit. An audit I am sure would merely delay the process for a couple of years, give the American people the false impression that something is being done about this problem and at the end of two years they’d say, ‘well the books are clean’.
Henry Ford on Money
Henry Ford on how to think about money in his book My Life and Work from 1922:
The people must be helped to think naturally about money. They must be told what it is, and what makes it money, and what are the possible tricks of the present system which put nations and peoples under control of the few.
President Thomas Jefferson's Objections
President Thomas Jefferson's constitutional objections to the creation of the First Bank of the United States. His objections in 1789 are no less valid in 1913 for the creation of the Federal Reserve:
Nothing but a necessity invincible by any other means, can justify such a prostitution of laws, which constitute the pillars of our whole system of jurisprudence. Will Congress be too strait-laced to carry the Constitution into honest effect, unless they may pass over the foundation-laws of the State government for the slightest convenience of theirs?
…to lend them two millions, and then to borrow them back again, cannot change the nature of the latter act, which will still be a payment, and not a loan, call it by what name you please.
Congressional Record 1941
Congressman Wright Patman. Sep 29 1941, Vol 87, Part 7. p 7582.
…but when our Federal Government, that has the exclusive power to create money, creates that money and then goes into the open market and borrows it and pays interest for the use of its own money, it occurs to me that that is going too far. I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money.
Congressman Wright Patman. Sep 29 1941, Vol 87, Part 7. p 7583.
We have what is known as the Federal Reserve Bank System. That system is not owned by the Government. Many people think that it is, because it says "Federal Reserve." It belongs to the private banks, private corporations. So we have farmed out to the Federal Reserve Banking System that is owned exclusively, wholly, 100 percent by the private banks - we have farmed out to them the privilege of issuing the Government's money.
Congressional Hearings 1911
T. Cushing Daniel, author of 'Daniel on Real Money’ stated during Hearings on House Resolution 314 in 1911. p40:
When Alexander Hamilton established the first bank in the United States, William Pitt made this statement: "Let the American people go into their debt-funding schemes and banking systems, and from that hour their boasted independence will be a mere phantom.
President James Madison's Objections
If … Congress, by virtue of the power to borrow, can create the means of lending, and, in pursuance of these means, can incorporate a Bank, they may do any thing whatever creative of like means.
Mark the reasoning on which the validity of the bill depends!
- To borrow money is made the end, and the accumulation of capitals implied as the means.
- The accumulation of capitals is then the end, and a Bank implied as the means.
- The Bank is then the end, and a charter of incorporation, a monopoly, capital punishments, & implied as the means.
Pirate Radio
IN the context of Congress doing whatever it liked - an objection from James Madison to the First Bank of the United States 1791.
You see that’s the whole point of being the government. If you don’t like something, you simply make up a new law that makes it illegal.
Declaration of Independence
…that Governments long established should not be changed for light and transient causes;
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.
…history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance unless suspended in their operation till his Assent should be obtained; and when suspended, he has utterly neglected to attend to them.
US Constitution. Article 1, Section 7
Shows the principle of Default within the Constitution:
Every Bill which shall have passed the House of Representatives and the Senate, shall, before it become a Law, be presented to the President of the United States; If he approve he shall sign it, but if not he shall return it, with his Objections to that House in which it shall have originated, who shall enter the Objections at large on their Journal, and proceed to reconsider it. If after such Reconsideration two thirds of that House shall agree to pass the Bill, it shall be sent, together with the Objections, to the other House, by which it shall likewise be reconsidered, and if approved by two thirds of that House, it shall become a Law. But in all such Cases the Votes of both Houses shall be determined by yeas and Nays, and the Names of the Persons voting for and against the Bill shall be entered on the Journal of each House respectively. If any Bill shall not be returned by the President within ten Days (Sundays excepted) after it shall have been presented to him, the Same shall be a Law, in like Manner as if he had signed it, unless the Congress by their Adjournment prevent its Return, in which Case it shall not be a Law.
King James Bible
Congressional Record 1940
Relevant to the Bible reference of the root of all evil - Congressional Record. 76th Congress. Jan 09 1940, Volume 86, part 1, pp193:
The people of the United States will demand this program of money reform just as soon as enough of them know how the present system works and that the present money system is the root of all the evils of our economic life. It seems to me that we have evidence enough to convince the most stubborn adherent of the present money system that a change is necessary; indeed, that such a change is imperative if democracy is to live in this great Nation.