Why is the Federal Reserve allowed pretend to be part of our government? It's a private bank!
The world bankers have used the Federal Reserve to facilitate the downfall of the U.S. I like the analogy that says the Fed is about as federal as FedEx. It sucks, but our presidents and other leaders have been paid off to send America downstream for such a long time now. The people that pull the strings of our leaders, print all the monopoly money, perform character assignations on good people via the media we never get to see
Because the bankers bought off Congress. Because they can. Because the public is so stupid they never vote correctly. Because of religious and cultural training, the public are sheep looking for "leaders". And because they are so stupid to believe in "god" and follow religions, they are so stupid to vote for leaders that screw them. Shepherds screw their sheep.
Unfortunately, most Americans don't understand that the Federal Reserve Bank is not part of the federal government, but a private entity that controls the U.S. economy. Established in 1913 in privacy, it has truly become the "monster of Jekyll Island". The Federal Reserve has been given powers that the Constitution designated for Congress to hold, only Congress, specifically the power to coin money, which is the primary reason for such a large national debt. The Fed is owned by some of the richest families in the world, not by the citizens subject to their policies, and has never had the best interest of the American people in mind.
Until the federal Reserve Bank is abolished Americans will continue their lives in financial slavery. It was interest groups paying off politicians to allow the Federal Reserve Bank to come into existence and ignorance has allowed it to survive and prosper. It is one of the greatest dangers in the world in my opinion to allow a private institution to take control of the monetary system of a country.
Why are they allowed? It's like this:
It's a private bank!
It's a quasi-government entity. There to help us control inflation-deflation in the money system while also acting as the bank of last resort.
Look at a dollar bill and see FEDERAL RESERVE NOTE on it or any other bill. We borrow that dollar from the Fed. With interest. So it's not even worth a dollar when it's brand new. Who pays that interest? You.
The fed says it this way….
“Banks do not really pay out loans from the money they receive as deposits. If they did this, no additional money would be created. What the Banks do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transaction accounts.”
Promissory notes are loan contracts they create for you to sign and credits are just a fancy term for money. This is called Fractional Reserve Banking. It’s how our money system works.
The Bank creates money from thin air, which can add up to a lot compared to the original deposit. More than 9 times the amount.
This is why money is debt and debt is money. If every debt in America including Government and Private were paid off…there would be no money in the system.
Of course they cannot ever pay off all the debts because of interest.
Once you bring interest into the picture – you’ll see the major flaw. Our financial system creates only the principle amount of each loan. Where does the interest come from?
Someone else’s loan. This means the system is set up for someone to always fail. Someone will always come up short – someone will loose their home, their good credit, their car or their self-respect….only because of the system.
Interest is usury. Usury was considered unlawful and a sin by many scholars and churches at one time. They saw that interest only hurt the world and caused greed to be that much more tempting and easy to feed upon.
Bankers use interest on money to make slaves of us all. Slavery through debt. The Fed will try to fix a broken economy with more fake money. Then they will have the problem of how fast or slow to retract that money back out of the system to stop inflation.
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Because the cartel was created by an act of congress.
But its not part of the US government. Its on the business pages of the phone book.
It exists solely for the benefit of two groups: commercial banks and the US federal government.
It monetizes their debt.
Its, by Default ... thus, the Politics of Money.
In Money being the Tool ... Applied for Governing the common Human Masses..
All crime is done under cover - that is, no one advertises their criminality. Quite frankly, the Federal Reserve is an ongoing criminal operation.
The founders and its descendants know that it is a scheme to transfer wealth from the many to the few.
It has done exactly that.
Many other here have given the correct answers so I will only point out one little thing.
We have been at war in one place or another since WWII most of these adventures have gotten us nothing but debt.
But guess who owns controlling interests in all of the major arms makers? And guess who owns controlling interests in all of the military subcontractors? And guess who owns controlling interests in all of the "nation building" corporations who come in after the wars, like Haliburton? Yep the same people who control the FR.
JFK was the last president who took up the goal of giving the FR the boot from America,,, we all know how that worked out.
by Wesman Todd Shaw6 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
by backporchstories5 years ago
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by Eric L. Andrews5 years ago
I don't know and given it controls our economy and banking system I would welcome some insight.
by pgrundy8 years ago
Saw this in the NYT this morning:http://www.nytimes.com/2009/12/01/busin … g.html?hpwBasically, after getting billions handed to them on a silver platter, it turns out they have not been maintaining appropriate...
by Gary Anderson8 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. ...
by GA Anderson3 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
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