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Institute for Truth Studies

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By Mark Anderson

DALLAS, Texas – The End the Fed rally in Dallas on Nov. 22 attended by more than 100 people was the perfect follow-up to the JFK memorial held earlier on the same sunny day, to remember a toppled president who some say was no fan of the Federal Reserve System himself.

This was just one of the 38 End-the-Fed rallies held that day at the 12 main Federal Reserve Banks and at the Fed’s smaller branches, including the one in San Antonio. The rally at the Cleveland, Ohio Fed bank included a speech by former Congressman Jim Traficant – who recently wrote in AFP that ending the Fed beats auditing it.



With the U.S. economy in tatters in several respects, more than a few passing motorists honked their horns in approval as Dallas demonstrators loudly chanted “End the Fed!” while showing dozens of signs along a curb at 2200 North Pearl Street, the home of the Federal Reserve Bank of Dallas. That regional bank of the Fed, according to its own emblem, was founded on May 18, 1914 – six months after the passage in Congress of the infamous Federal Reserve Act on Dec. 23, 1913.

Every dollar in circulation is “attached to a dollar of debt that we need to pay interest on,” proclaimed a rally leader named Louis, using a bullhorn. “Do we want that?”

“NO!” the crowd thundered in return.

“Every dollar is a dollar of debt on which interest needs to be paid,” Louis later stated, when talking with AMERICAN FREE PRESS to share his take on the Fed’s operations. “The Federal Reserve is the supplier of money … and the government, by taxing, supplies the base for the demand.”


Louis added: “We need to start issuing a currency … which we will use to pay taxes [legitimate and fair] but a currency that will not be attached to debt and on which interest won’t be paid.” He also stated, “The Communist Manifesto was written by bankers … because they understood that as soon as they had power over the issuance of currency, they had power over the government.”

The Communist Manifesto, notably, has 10 planks that include an income tax plank and another for a central bank with an exclusive monopoly. It also calls for public schools, and abolition of all rights of inheritance.

“Every plank of the Communist Manifesto is in place in the U.S. to some degree,” Louis added, while other demonstrators continually waved to motorists. Some demonstrators were children, and others of all ages did their part. Area AFP reader David Bell attended and helped AFP gather video footage.

An interesting development came along when a participant at the Dallas rally handed out enlarged copies of what appeared to be exact replicas of ornate Federal Reserve Notes printed in Texas as “Series 1918,” four years after the Fed’s Dallas branch was founded. The revealing wording on the notes themselves is: “Secured by United States Certificates of Indebtedness or United States One-Year Gold Notes, Deposited with the Treasurer of the United States of America.”

Such candid wording is missing from today’s bland Federal Reserve Notes, thereby masking what used to be a clear acknowledgement that the U.S. government must go into debt with “Certificates of Indebtedness,” evidently bonds, in order to get Fed notes with which to operate.

This AFP writer also offered brief remarks to the Dallas crowd, noting that the newspaper seeks more retail newsstands to connect with the greater American populace about economic problems and other important topics -- while sharing insights that point to real solutions.

“We need to get rid of their paper,” this writer said, pointing at the Fed building, “and get more of my paper,” referring to his representation of AFP. “We’re confident enough to think beyond the Fed – let’s hear it for that!”

“YEAH!” the crowd replied, while being asked to contemplate the Fed’s eventual abolition and consider ideas on how to operate without it.

“Let’s get an alternative media – let’s put the dominant corporate media right where the Fed [should go]. Let’s … replace them with a much better news media,” this writer also said to the pumped-up crowd.

Looking back, the legislation to establish the seemingly perpetual Federal Reserve System – which carved the nation into 12 regions, including the Dallas one – did not bother to amend the Constitution to authorize the creation of this  privately-owned, privately-operated banking system at a time when most major new government schemes – such as the federal income tax also passed in 1913 – at least went through the motion of constitutional permission; however, a growing number of American citizens and activists, such as Louisiana attorney Tommy Cryer of, say the income tax was never properly ratified and that it does not apply to wages and salaries anyway.

MARK ANDERSON is a longtime newsman now working as a corresponding editor for American Free Press. Together he and his wife Angie provide many photographs of the events they cover for AFP. Mark welcomes your comments and inputs as well as story leads. Email him at at [email protected]

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(Issue # 30, July 27, 2009)

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