Yes, it would come as shock to the un-informed that the govt does not own the FEDERAL RESERVE BANK
The FEDERAL RESERVE BANK is a private company that allows the president to appoint 7 members (usually pushed by bankers) to it's board of directors with senate confirmation!
The major banks own the FEDERAL RESERVE BANK. This arrangement is clearly against the constitution. You need to read about this fraud
The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison.
The FED banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED.
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest.
http://www.apfn.org/apfn/fed_reserve.htm
Indeed.
For those interested further in the Federal Reserve and the dangers of our economic system, check out my Hubs.
Also, mises.org is a fantastic place to discover more about sound economic theory.
Awesome77 might be interested in the book "Economics in One Lesson" by Henry Hazlitt - I highly recommend everyone read this book.
by Wesman Todd Shaw 13 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 … rillion-2/
by Marketing Path 11 years ago
What do you think of the federal reserve?Do you think the Federal reserve [a private banking institution] should be able to loan the U.S Government, at interest it's own money? Or should we get rid of the reserve and print our own money without interest.
by tonybeck 13 years ago
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...
by Castlepaloma 8 years ago
Centro banks are on top of the pyramids worldwide Corperationism. Rothschild's may own half of the World's wealth. Greed is the greatest cause of untouchable intractable genocide and theif in all of human history. Take down the banks and also the Federal Government that will would shrink down their...
by fishskinfreak2008 14 years ago
Web-site/URL: http://news.yahoo.com/s/huffpost/201002 … UtY2xhc3M-More evidence that the worst recession since World War II is still NOT over and won't be until we see some spending and there is a TRUE drop in unemployment (i.e. when the decrease ISN'T because SOME PEOPLE HAVE GIVEN UP...
by Matthew P Holbert 10 years ago
As above so below.From this perspective, the world is a heaven or a hell depending on how you look at it, and more importantly the steps you take to change things. One of the first and best places to change is the Federal Reserve. Search The creature from Jekyll Island and Secrets of the Federal...
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