Series: Contemporary Issues

Description: Contemporary Issues Christian perspectives on current events and societal trends

The Corruption of Money and Power

The title of this article highlights the fact that the corruption of money and power are different sides of the same coin—they are always found together. The motivation for corrupting money is to usurp (i.e., corrupt) power, and the more power one usurps, the more one is able to corrupt the money; thus, the velocity (i.e., corruption) increases in both realms.

Understanding Money and Labor

Our labor is an extremely valuable asset, but we need to constantly exchange it for something that can preserve the value of our labor over time and money is supposed to do this. Money preserves the value of our expended labor in the context of our diminishing ability to perform labor (as we age), thereby enabling us to provide for our ongoing and future needs. When the value of our money diminishes together with our ability to labor, we are in trouble.

Corrupting Money

When the creation of money has no constraints, then its value is diluted. When an institution has the monopoly of money and can create it out of thin air, then everyone who is using money as a storer of value is being robbed.

Federal Reserve

Even though most Americans know very little if anything about the Federal Reserve, nevertheless, they still regard people who find fault with the Fed as wacko conspiracy theorists.

Unaccountable Organization

The Federal Reserve is an unregulated, unaccountable, private, secretive organization that has been granted the authority to create money out of nothing. Read the following quotes and decide for yourself what the Fed is.


Congressman Charles A. Lindbergh, debating the Federal Reserve Act, said:

“the worst legislative crime of the ages is perpetrated by this banking and currency bill.” (December 22, 1913, the day before President Woodrow Wilson signed the Federal Reserve Act into law)."

Representative Louis. T. McFadden, on the floor of the House of Representatives said:

“Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. …

The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve Banks acting together have cost this country enough money to pay the national debt several times over. ...

Some people think the Federal Reserve Banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers, foreign and domestic speculators and swindlers, and rich and predatory money lenders. ...

Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the Government of the United States. ...” (June 10, 1932).

John Maynard Keynes, the father of our present economic system (which is not good), had this to say about the US system operating in 1920:

“By this means government may secretly and unobserved, confiscate the wealth of the people, and no one man in a million will detect the theft.” (The Economic Consequences of the Peace, 1920).

Wright Patman said,

“In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.” (Chairman of the House Committee on Banking and Currency from 1963-1975).

Senator Barry Goldwater (AZ) wrote:

“The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.” (With no Apologies, 1979, p.282).

Thomas Jefferson wrote:

“If the American people ever allow private banks to control the issue of their money…their children will wake up homeless on the continent their fathers conquered.” (Letter to the Secretary of the Treasury, Albert Gallatin, 1802).

Henry Ford is believed to have said:

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

The conspiracy happens to be in the covering up of the real activities of the Federal Reserve System, not in the exposing of them.

Corruption and Control

With the corruption and control of the money supply it then becomes possible to corrupt and control the government—the power of the nation. If Congress was not extensively corrupted, it would never have allowed and then tolerated, for more than one hundred years, the indefensible Federal Reserve System. “You shall know them by their fruits.” (Matthew 7:16).

See the article: Hiding in Plain Sight.