Quote from pspr:
Congress passes laws here. And if that were a real phone call the comment by anyone at the Fed would have been "the full faith and credit of the U.S. government", not some wacky, "power of congress to lay tax on the people". That is just made up like all the other crap you post on ET.
And who acted at Congress to pass this law ? A Marxist ... so I suppose that you like Socialist ideas haha !
http://www.councilonforeignrelations.net/
'House was a Marxist whose goal was to socialize the United States. In 1912, House wrote the book "Philip Dru: Administrator" in which he stated that he was working for "Socialism as dreamed of by Karl Marx." In this book, House laid out a plan for the conquest of America, telling how both the Democratic and Republican Parties would be controlled, and be used as instruments in the creation of a socialistic government. And he asked for the establishment of a state-controlled central bank, which were both proposed in "The Communist Manifesto". And it was in 1913, during the very first year of the House-dominated Wilson Administration, that both of these proposals became law. The Federal Reserve Act was passed, which brought into power a private central bank to create the money of the United States, taking this power away from the united States Congress. And the 16th Amendment to the United States Constitution, the graduated income tax as proposed by Karl Marx, was also ratified. '
For the ten points of Communist Manifesto see here:
http://www.libertocracy.com/Webessa...t_Manifesto.htm
-Establishing a progressive tax (now there's an oxymoron) to punish production and personal achievement and to continually increase the tax burden on all classes. Eventually the population will come to accept full confiscation of all property and production value to be redistributed according to need, i.e. full blown communism.
- Heavy taxation on inheritance and eventually the abolition of inheritance of property and businesses.
- Political centralization of banking in the hands of the state by means of a national central bank, eventually as a monopoly by prohibiting private banking.
And also:
- Universal public education mandated for all children for the purpose of political indoctrination, abolition of private schools and home schooling.
