While I don't agree with everything written here and feel that this is a worse case write up. The thought process is valid IMHO. http://www.panamalaw.org/problems_in_the_usa_may.html Just what do all of you feel about this? And please no D v R here, this is about the very future of our country and where we are headed.
It's a pile of sh*t and it stinks!!!!!! We must take back control of our monetary system or we are screwed on this path. I never thought about the tax haven for an elite few. That makes me even more pi$$ed off. Why are they not taxed????? What kind of deal is that. A privately owned American corporation that is exempt from taxes.
Honestly, I think the workings of the federal reserve is a mystery to most people, myself included, because its duties and powers, that is, the laws and regulations governing it and its relationship to federal entities, are too obscure and an understanding thereof would require too large an investment of effort in light of the absence of any practical benefit. Consequently, I believe it is susceptible to criticism which cannot be fairly evaluated. In other words, I don't know what to make of the article because it could be grossly misrepresenting reality.
Wow, I am surprised at you saying that. 99% of your posts are great but you of all people stating that researching the federal reserve is to much of investment comes as a surprise. And to state there would be no practical benefit is almost unbelievable............how about taking back our country from the lame duck politicians who put us in this mess..........wouldn't that be a practical benefit????
You better try Woodrow Wilson, my man, hes the Pres. that signed them into being. Along with the illegal income tax to pay the interest off of this highway robbery. Surely you jest? With all due respect; several of us have been harping on the thievery of the Fed for the last 7 months and the links posted will take you all the way back to its signing in 1913.
Sorry 2sok. I meant the research involved in firguing the thing out would likely take many months, at a minimum. Sitting here on this end of it, it would have to be undertaken as some sort of passion because, knowing as little as I do about it (which is nothing beyond they meet, agree on a rate they'll lend to banks), I don't see the practical return in undertaking a study of such a dry subject. Sort of like learning how to operate 3D modeling software if you're not into gaming. I guess that doesn't make sense?
Gotcha Bud!!! I understand your thought process and don't disagree with you. However, this is what they (gov't reps and the Fed reserve) counts on......it being a boring topic to learn about!!! Actually it is pretty fascinating IMO. It's actually appalling and pisses you off when you realize the joke that is being played on the American public. It is as crooked as it gets and the Fed is counting on us doing our jobs and being the lazy American's that they consider us to be!!! If you learned about this and made it your mission to educate just 10 people on the truths and they educated 10 people and they educated 10 people and so on just on that small group you and you alone would be responsible for over 10,000 people being better educated in this country about what has to be done to "TAKE OUR COUNTRY BACK". Believe me when I tell you this scenario scares politicians to death!!!!!!!!
privately owned by who though? and i'm less concerned with whether or not it is taxed because i'm very much not happy with how the tax money is being spent anyway.
good question. who are they, how much do they make? as far as I can tell, there's no way to know in a political era with lots of transparency rhetoric, that's inexcusable
Federal Reserve Power Below is quote from Representative Louis T. McFadden, Chairman of the Committee on Banking and Currency for 12 years as quoted from the Congressional Record The Federal Reserve Board, ..., has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt...Our people's money to the extent of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve Banks............... SUMMARY OF QUICK FACTS 1a. The Federal Reserve (FED) is a PRIVATELY OWNED, organization. Unbelievable? Check the ENCYCLOPEDIA BRITANNICA. b. Below is the list of the owners of the 12 Central Banks: - Rothschild Bank of London - Rothschild Bank of Berlin - Lazard Brothers of Paris - Israel Moses Seif Banks of Italy - Warburg Bank of Amsterdam - Warburg Bank of Hamburg - Lehman Brothers of New York - Kuhn Loeb Bank of New York - Goldman, Schs of New York - Chase Manhattan Bank of New York In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED. 2. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for "creative accounting" to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually. 3. Every year, a few Congressmen introduced a legislation to AUDIT the FED, and every year, the legislation is defeated. The owners of the FED is the most powerful, invisible lobbying power there is. 4. The owners of the FED own the controlling interests in ALL major media in the US. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the other owners of the FED also have controlling interest in the US media. This explain why the media have been silent about the FED scam. The FED fraud is the biggest and longest cover-up in the US today. 5. According to Article 1, Section 8 of the Constitution, the US Congress has the power to print money (The Congress shall have the power...to coin money, regulate the value thereof, and of foreign coin, ..). According to the Supreme Court, the Congress can not transfer its power to other organization like the FED. HISTORY OF THE FED After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, president Wilson passed the Act when he was elected as a pay back to the bankers. HOW THE OWNERS OF THE FED PROFIT AT OUR EXPENSE The US government runs a $400 billion deficit annually. To cover this, the US government issues bonds which are bought by the FED. Since the FED has the POWER TO PRINT MONEY, it can buy any amount of the US. Government bonds at almost NO COST, save for the expense of printing money (~3 cents/$100). At this point, the owners of the FED already profit $99.97 for every 3c they invested to print the money. Basically, they exchange something that costs almost nothing to them with the US Government Bonds. Since the FED can NOT be AUDITED by the IRS (or even by Congress), most of this profit can go anywhere the FED owners want to. BTW, did I mention that the profit is TAX-FREE? After buying the bonds, the owner of the FED can either: 1. Keep the bonds, and collect the interest the US Government now OWES them. 2. Sell the bonds to the US Tax Payers or foreigners. In either case, the FED owners have profitted $99.97 for every 3 cents it invested to print the money. Remember, the FED is a PRIVATELY OWNED corporation, just like the Federal Express. The profit of the FED goes to the FED owners. The US Government now owes the FED owners the interest on those bonds. Remember that the FED owners DO NOT EARN the bonds. They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds. In order to pay for the bonds' interest, the US Government taxes the US population. When a US Citizen holding US Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government. When the OWNERS of the FED receives the interest on the BONDS they're holding, they are receiving that money for FREE (save the initial 3cent/$100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE. Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via 'creative accounting'. Consider this: every year, the FED profits by hundreds of billions of dollars by buying US Government Bonds. Yet it only returns ~$20 billion to the US Treasury. The rest of the profit has been spent as "Operational Expenses". The FED expects us to believe that the FED operational expenses amounts to $100's billion dollars annually!!! The truth is, those profits were spent as "DIVIDENDS TO SHAREHOLDERS"!!!! Year after year, the FED owners bleed the US Tax Payer dry by hundreds of billions of dollars. Keep this going, and the US will go bankrupt in a few more years. Small wonder why the National Debt is increasing at its current rate. WHY THE FED SHOULD BE ABOLISHED 1. The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds. 2. Through their ownerships in the FED, FOREIGN POWERS CAN and WILL influence the US economy. By controlling our interest rates and money supply, they can actually create economic disaster in the US, should the US disagree with them. 3. Although the FED directors must be confirmed by the Senate, the awesome lobbying power of the FED owners makes this process meaningless. The owners of the FED can and will put whoever they wish in the position. 4. Abolishing the FED will lead to lower inflation. At this moment, the FED prints as much money as needed to buy the US Government Bonds. Since the FED prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know it, leads to INFLATION. If the general public buy those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is constant in relation to the goods/services level. Thus, there is no inflationary pressure from selling these bonds. 5. Abolishing the FED will reduce the national debt level. By buying back the FED at $450 millions, the US Government will buy back the billions of dollars of bonds held by the FED. Thus, the net effect is a reduction in national debt. After buying back the FED, the US Government does not have to pay interest on those bonds it buys back, further reducing the national debt. 6. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2%/yr, the US Government should be able to put 2% of US-GDP dollars into circulation WITHOUT INFLATION. Consider, if the goods/services grow by 2% and the money supply grows by 2%, the ratio of goods/services vs. money supply remains constant. Thus, no inflation is created. The government can use this extra money supply to fund its project without raising taxes. As long as the government does not print money more than the goods and services available in the US, there will be no inflationary pressures. This had in fact been done with Executive Order 11110 of President Kennedy. Kennedy ordered the Treasury Dept. to print a US GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES). In effect, Kennedy bypassed the FED by making the Treasury Department printed REAL US MONEY, instead of selling bonds to the FED for almost free. The sad fact is, the US Government does not do this anymore. Instead, the US Government sell bonds to the FED, which buys those bonds using money they don't earn. Thus, the US Government must now pay interest on those money that it "borrows" from the FED. 7. By point (6) above, the US Government can actually reduce taxes on everybody since it has more interest free money to spent in the amount equal to the growth of the US GDP. KEEP IN MIND, THIS MONEY WILL NOT CAUSE INFLATION, since the money is printed along with the growth of the goods and services. What you can do to save the United States of America The FED should either be AUDITED every year, or be abolished. I have done my part providing this information. It is up to you to decide the future of the US economy. Please do the followings: 1. DO YOUR OWN RESEARCH!!!! If everything that I wrote here sounds too far fetched to be true, I challenge everyone of you to do your own research, and see for yourself. Recommended literature's: - Encyclopaedia Britannica. - Congressional Record - "The Federal Reserve Bank" by H.S. Kenan - "Repeal the Federal Reserve Bank" by Rev. Casimir Frank Gierut - "The Secrets of the Federal Reserve" by Mullins when you are sure about the facts, 2. Call your Congressman and tell him to support the legislation to AUDIT the FED. 3. Call your representatives and ask them to support legislation introduced by Congressman Henry Gonzales to repeal the Federal Reserve Act of 1913. 4. Push for your home states to introduce and pass a legislation to end the FED scam. The following states have already done so: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. Even if you live in these states, contact your representatives and tell them to support the legislation. THEY WILL LISTEN if you care to TELL THEM!!! 5. Ask your STATE and COUNTY government to abolish the FED. Since the FED is CONSTITUTIONALLY ILLEGAL, it MUST be abolished. Ask your state/county governments for the proper paperwork's. If the US Congress refuses to abolish the FED, your STATE/COUNTY governments can do it. 6. Collect signature on petitions calling for the end of the FED. 7. Tell friends and family about this fraud, and ask them for supports. Secrecy is the FED's main strength. Since the media has been quiet, no one even notice this FRAUD that goes on for decades. Now it is up to the tax payer to be informed. Inform everyone you know about this, and be organized!!! 8. Contact "America Betrayed", Center for Action, 652 N. Glenview, Nesa, AZ 85213 9. Contact "National Committee to Repeal the Federal Reserve Act", P.O. Box 1205, Middleburg, IL60599
2socks you have my undying gratitude for this last post of yours. It is without a doubt the best written post on any forum I've ever read and if I could thank you 1000 times it would not be nearly enough. That is truly PRICELESS!! again thank you so very much!
