MikeNV on HubPages
Bachelors Business Managment, Marketing Professional, Travel Enthusiast, Writer, Blogger, Friend, Family Man. If Online Marketing is something you are interested in you can read my blog and learn about the products I use to run my marketing business here:
I am a firm believer that the Federal Reserve must be aholished in order for the American People to thrive again.
Most people do not understand the Federal Reserve Bank is NOT owned by the Federal Government and by Law pays 6% interest to shareholders.
The Federal Reserve is owned by PRIVATE BANKERS!
And many of those private bankers are not even American Citizens!
The Federal Government on their on Federal Reserve Website claims that "No one owns the Federal Reserve". So who gets the 6% interest?
The 12 member banks which in turn are owned by commercial banks. So the private bankers that hold the shares in those banks get 6% by law! So much for not having owners.
Please understand that the Federal Government is a tax and spend organization - your money! But that is not their only source of money. When they want money they print it... here is how it works very simplified.
Federal Government wants to expand the money supply. They issue Treasury Notes (Bonds that have interest that must be paid with your tax dollars).
The Federal Reserve "Buys" the bonds with money they create out of nothing... they simply print it!
So not only do they get 6% by law, and can make money out of nothing that earns them interest. They are accountable to no one.
Abolish the Fed!
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RedElf
Nice to meet you, Mike. I look forward to reading more of your work.
laswi
Hi! Nice to be your fan.
Cls1321
Thanks for the great comments/feedback.
BkCreative
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