From Freedom to Fascism by Aaron Russo: Overview of the Video

Only available on StudyMode
  • Download(s) : 206
  • Published : December 5, 2011
Open Document
Text Preview
American Government
“From Freedom to Fascism” by Aaron Russo
I decided, rather than to write a play-by-play, I would write more of an overview of the entire video. I believe that the main points of the video are more clearly shown in this form of review.
The video examines the Federal Reserve System, including how it was established and what it does. The video states that the Federal Reserve System (FRS) is privately owned by for-profit corporations. Even though it is not a government agency, it was commissioned to print money for the federal government, at a fee paid for by the personal income tax. The video also says that the American dollar is no-longer backed by any amount of gold. This means that the money we use today, is essentially worth no more than the paper its’ printed on. It also says that the American dollar represents debt more than wealth, currently this point could be argued, but it is obvious that it will eventually come to this.

According to the video, The FRS operates by manipulation of the business cycle of economic expansion and retraction. This is accomplished by printing new money into circulation to make it easier to get credit, in-turn devaluing the money just printed. The video shows that the American dollar is worth a mere 4% of what it used to be worth in 1913, when the FRS started. It states that the FRS is the main cause of this inflation, which leads to devaluing our money. The video pretty much states that the FRS can control the value of money, and use this power in whichever way they like, because congress has no control over it. This means that congress has no control over money, which is required by Article of the United States Constitution.

Russo believes that private claims against the FRS are the only weapons that are and have been keeping this beast at bay. Russo understands how the FRS is still exists, and how it is not opposed by everyone. He knows that very few Americans actually understand how the FRS works, and what it actually does. He proposes that the FRS has purposely been keeping Americans “ignorant” of what they do, and how they do it. They are able to do this, by using confusing terms that nobody understands. The FRS is legitimate in it’s actions, and this proof of legitimacy conceals its true motives. Russo conducts multiple Interviews with several different organizations, and they all come up with the similar conclusions.

One of the arguments made in the video states that there is no legitimate reason for the FRS to hold a monopoly on American money. Multiple points are made on the fact that America was doing just fine before the FRS was created, this leads people to wonder why it ever was.

Through interviews with various individuals including former IRS agents, Russo sets forth the tax protester argument that, "there is no law requiring an income tax", and that the personal income tax is illegally enforced to support the activities of the FRS.

Irwin Schiff, was sentenced to 13 years in prison for tax evasion and ordered to pay over $4.2 million in penalties. In pre-sentencing documents, Schiff's lawyers had argued that he had a mental disorder related to his beliefs about the legality of taxation. Russo points out Judge Kent Dawson's reaction to Schiff's defense. The video shows that the judge "denied Irwin the ability to prove to a jury that there was no law requiring Americans to file an income tax return. He denied Irwin the right to attempt to prove to a jury there was no law by stating, 'I will not allow the law in my courtroom.'"

Vernice Kuglin was acquitted in her criminal trial for tax evasion in August 2003. This means she was not found guilty of willfully evading income taxes. Kuglin came to a settlement with the government in which she agreed to pay approximately $500,000 in taxes and penalties.

Russo includes an argument using the Fifth Amendment. His argument...
tracking img