Creating Money is a Very Profitable Business

Economists use the term create when speaking of the process by which money comes into existence. Creation means making something that did not exist before. A piece of paper of little value is printed so that it has purchasing power.  Its value has been created. 

Money is very cheap to make, and whoever controls the creating of money and the monetary policy in a nation can make a tremendous profit.  In addition, whoever controls monetary policy controls the direction of society.  They control where money goes.  They control what gets funded and what does not get funded. 

The Framers of the US Constitution understood money.  The Framers of the US Constitution understood how profitable creating money can be.  The Framers of the US Constitution insisted on placing the power to create money and the power to control it ONLY in the hands Congress. 

The Framers believed that the American people should share in the profits of money creation and therefore the Federal Government must be the only creator of money. The Framers further believed that all citizens, of whatever state, would benefit by an adequate and stable currency. Therefore, according to the Framers of the US Constitution, the Federal government must also be, by law, the only controller of the value of money.  

Since Congress was the only legislative body subject to all the citizens at the ballot box, it was, to the Framers of the US Constitution, the only safe depository of so much profit and so much power. The Framers wrote it out in Article 1, Section 8, Clause 5: "Congress shall have the power to Coin Money and Regulate the Value Thereof." 

But in December of 1913, Congress passed the Federal Reserve Act of 1913.  This Act authorized the establishment of a Federal Reserve Corporation, owned by shareholders and run by a Board of Directors known as The Board of Governors of the Federal Reserve System.  

This Federal Reserve Act of 1913 completely removed from Congress the right to create money or to have any control over its creation, and gave that function to The Federal Reserve Corporation. 

The Federal Reserve Corporation is a privately owned bank and therefore is operated for the financial gain of the shareholders rather than for the good of the People of America. 

America needs monetary policy to be set in the best interest of the People of America and not the shareholders of the banks.  America needs a Congress that is free from undue influence to set monetary policy in the best interest of the People of America and not the campaign contributors. 

That is why Monetary Reform and Campaign Reform must be the top two issues discussed in this election!  

I am Jason Woodward.  I am a financial attorney who is running for President of the United States because I want to educate the public about our system of currency.  

To learn more, follow me on Twitter @VoteforWoodward

You may also email me at VoteforWoodward@gmail.com

Have You Ever Wondered Why Politicians Always Seem to Spend More Money Than They Make?

It doesn't matter whether they are Republican or Democrat, it seems as though all politicians have an ultimate goal of placing the People of America further and further into debt.  When this happens, it benefits the owners of America’s privately owned banks.  It does not benefit the People of America. 

America’s privately owned banks contribute funds to campaigns for both Republicans and Democrats. 

This begs the question:  are the politicians in America agents of the People of America who voted them into office; or are the politicians of America agents of the banks who funded their campaigns?  More and more voters have been asking this question. 

When a politician is elected, they need to take care of those who got them there.  This should be the voters and not the campaign contributors.  Politicians should be relying on votes instead of dollars in order to get elected.  Politicians should take care of the voters who got them elected and not the contributors who gave them dollars.  American voters need confidence that their Congress is acting in the best interest of the voters of America.  American voters need confidence that their Congress is not acting in the best interest of the banks who contributed dollars to their campaigns. 

If we eliminate campaign contributions and spending from elections, then the American voters can feel confident that their Congress is not acting in the best interest of any campaign contributors.  If we eliminate campaign contributions and spending from elections, then the American voters can feel confident that their Congress is acting in the best interest of the voters. 

With Congress acting in the best interest of the voters, the American People can have confidence allowing Congress to create our money, the way the Framers of the US Constitution intended Congress to do.  Since Congress was the only legislative body subject to all the citizens at the ballot box, it was, to the Framers of the US Constitution, the only safe depository of the profit and power of money creation as outlined in the taxing and spending clause.  

With a Legislature that is free from the potential of undue influence created by campaign contributions, the American People can have confidence that Congress will set monetary policy in the best interest of the People of America and not the privately owned banks the way it is now. 

With Congress creating money and investing it directly into the American stream of currency through budgeted spending, money will represent a debt from the Government to the People of America rather than a debt from the People of America to the privately owned banks the way it is now. 

With Congress creating our money instead of privately owned banks, we will finally have a sound money system.  When we finally have a sound money system we can have fair competition in the marketplace.  We can then rely on the free market to set interest rates rather than having artificially manipulated interest rates set by privately owned banks the way it is now. 

Banks have a duty to their shareholders.  They have a duty to increase the value of their shares on a short term basis.  Banks have been setting monetary policy and artificially manipulating interest rates in order to fulfill this duty to their shareholders.  Banks have been funding the campaigns of politicians who will increase the debt of the People of America to the banks in order to fulfill this duty to their shareholders. 


Banks are operated for the financial gain of the shareholders and not for the good of the People of America.  

America needs to stop allowing privately owned banks to create our money.  America needs to stop allowing campaign contributions and spending from controlling our election process. 

I am Jason Woodward.  I am a financial attorney and I am running for President of the United States because I want to educate the People of America about the real facts behind our monetary system. 

My campaign will never accept contributions.  I use free resources to market my concepts. 

Please follow me on Twitter @VoteforWoodward 

You may also email me at VoteforWoodward@gmail.com

So the Government Needs to Pay for its Deficit Spending…

The treasury needs money.  They have to borrow it.  Here is how that is done: 

The first step is, the Treasury issues a bond.  This is how our national debt is created.  The Treasury then holds a bond auction and banks compete to buy a portion of our national debt and earn interest on it. 

Then the banks sell some of those bonds to the Federal Reserve at a profit in what is known as Open Market Operations. 

The Federal Reserve pays for those bonds by issuing a check drawn on an account that has no money in it.  This is how the Federal Reserve creates money. 

When the Federal Reserve hands those checks to the banks, new money is created and it suddenly springs into existence.  The banks take that newly created money and bring it to the next bond auction and buy more treasury bonds.

The Treasury then takes that newly created money from the banks and uses it for its deficit spending where the money is then infused into the currency system and eventually into citizens’ pockets. 

So whenever the Government wants to do deficit spending, the banks profit as middlemen between the treasury and the Federal Reserve.  This middleman profit essentially acts as a tax on all of society.  And this tax will continue to be paid by future generations. 

It is in the best interest of the banks that the Government does as much deficit spending as possible.  And that is what our Government has been doing.  Our Government which is run by politicians from both parties who had to rely on campaign contributions from banks in order to get elected.  

It is NOT in the best interest of the voters of America that the Government does any deficit spending at all.  It’s time the voters of America cut out the middleman.  Our national debt is over $18 trillion!

But this is only the beginning.  The next step is where private bank created currency really steps up to a higher level.  The next step is called Fractional Reserve Lending, or Fractional Reserve Banking. 

Because when the money ends up in a person’s paycheck, for example, and that person takes that paycheck to the bank to deposit it, the bank does NOT hold that money in an account for safekeeping.   That is how most people believe private banks operate.  That is how private banks should operate.  

Instead that bank holds 10% in reserves and loans the other 90% out in newly created credit.  So if you deposit your $100 paycheck into the bank, the bank would then keep $10 in reserves and lend out $90.  A private bank has now created $90 in new money.  This new money is infused into the stream of currency when that newly created $90 is spent, for example, at a merchant's store.  

Now this $90 of new money can be deposited by that merchant into a different bank and that bank can lend out $81.  This process continues until your $100 paycheck allows private banks to create a potential $900 in new money in the form of loans to the People of America. 

This means our entire money system is designed in such a way that at any given time there is never enough money in existence to pay off all of the debt that exists.  The more new money that is created, the more debt that there is.  

The only possible way for the current debts in existence to be paid off is if the banks create more new debt.  With compounding interest, the banks profits continue to grow while the American people fall further and further into debt.  This is happening right now on a federal, state, municipal and household level.  This is the way our whole money system is designed.  

This means our whole money system is designed in such a way that the more debts incurred by the Government and the People of America, the more profits made by the banks.  

This also means that our entire monetary system is designed in such a way that it has to eventually collapse as a mathematical certainty if it is not repaired. 

Until this eventual collapse, it is in the best interest of the banks that the Government, every state, every municipality and every household continue to take on more debt in order to make the minimum interest payments on the current debt in existence.  

Banks are owned by shareholders, and banks owe a duty to their shareholders to make decisions in the best interest of those shareholders.  Banks fulfill their duty to those shareholders when they take measures to ensure that American debt (and therefore bank profits) continue to grow.  Banks fulfill their duty to their shareholders when they fund candidates from both major parties that will continue with deficit spending and will not talk about changing our monetary system.  

The banks are only fulfilling their legal duty to their shareholders.  But the American voters can change all that.  The American voters can do what is right for the People of America and not the banks' shareholders.  

The first and foremost issue of this election needs to be Monetary Reform.  We need Congress setting our monetary policies in the best interest of the American People and not in the best interest of the banks’ shareholders. 

The next issue must be campaign reform.  Americans need to trust that their Congress is setting monetary policy without any undue influence from campaign contributions. 

These two issues have to preclude all other issues.  

It’s time the voters of America stop allowing private banks to create our money and set our monetary policy.  It’s time the voters of America stop allowing campaign contributions to rule our election process. 

I am Jason Woodward.  I am a financial attorney and I am running for President of the United States because I want to educate the People of America about the real facts behind our monetary system. 

My campaign will never accept contributions.  I use free resources to market my concepts. 

Please follow me on Twitter @VoteforWoodward

You may also email me at VoteforWoodward@gmail.com

Jason Woodward Write-In Candidate in the 2020 Presidential Election

This campaign focuses on the two most important issues that need to be discussed:  1) Monetary Reform; and 2) Campaign Reform.  

Our current monetary system of bank-created currency has created a nation of debt-slaves.  

Politicians' reliance on campaign contributions has created a legislature that is at material risk for undue influence.

This campaign will never accept contributions.  

This campaign uses free resources for marketing.  

Please follow me on Twitter @VoteforWoodward

You may also email me at VoteforWoodward@gmail.com