The greatest fraud ever perpetrated upon the American people was the Federal Reserve Act of Dec. 23, 1913: It was passed in violation of the Constitution of the United States by a small group of congressmen after most of their peers had gone home for the holidays. Instead of reversing it in the next session of Congress, they let it stand.

Every senator and representative since then who has made no attempt to remove this abscess is guilty of the same fraud and, like Faust, has sold his soul to the devil. It would not be so bad if the congressmen had sold their souls to the devil, but they also sold the American people into financial slavery.In 1913, the national debt was almost exactly $1 billion. At that time the debt could have been abolished by collecting $10.53 from each person in the United States. In 1992, the national debt stands at approximately $4 trillion, which amounts to $16,000 per person. While the population has increased about 21/2 times, the national debt has increased 4,000 times.

If you still believe that we owe the debt to ourselves, ask yourself why you never receive any of the interest. Then ask yourself who does receive the interest - this year amounting to several hundred billion dollars - more than the combined incomes of all of us who do not work in the government or who are not supported by the government.

If you can find anyone running for election this year who is willing to abolish this cancer, vote for him or her. If not, you would be better advised to stay home and figure out how to survive this disaster.

Larry Wilcox

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