Please Do Your Own Research-Truth is Knowledge and Reading is Fundamental!!!
The Federal ReserveThe Federal Reserve System's structure is composed of the president appointed board of Governors, the Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks which are located in major cities throughout the nation, a plethora of privately owned U.S. member banks and various advisory councils are also involved. The Federal Reserve System "is considered to be an independent central bank because its monetary policy decisions do not have to be approved by the President or any executive or legislative branches of government. It does not receive funding appropriated by the Congress, and their authority is derived from statutes enacted by the United States Congress and the system is subject to congressional oversight.
The Federal Reserve is a private organization that issues paper money to the United States. Many people say that the Federal Reserve is unconstitutional and the truth is that it is very much unconstitutional and it is bringing the great nation of the United States down to its knees. What the constitution says is that; "The Congress shall have Power To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; No State shall make any Thing but gold and silver Coin a Tender in Payment of debts". Congress is suppose to be in control of printing/coining money and distribute it to the public but instead they gave away their power and authority of printing money, interest free to a private international bank controlled by international bankers. This means that a private organization instead of our government (congress) is in control of our monetary system including policies. The Federal Reserve does not print money, the U.S. Treasury does and the Feds pay next to nothing for the money to be printed. So when the United States government borrows money from these private bankers called the Federal Reserve, it is borrowed at face value with interest. This interest is paid by us, the taxpayers; through our taxes. So what the Fed actually does is create money out of thin air with interest on top. You would be surprised how much it cost the Federal Reserve to have money printed. When we first came across this, we found that the Fed pays about 2.4 cents to print money. The kicker to this is that it cost 2.4 cents per note of any denomination. That means whether it is a one dollar bill, fifty dollar bill, and even one hundred dollar bill, they all cost 2.4 cents. As we continued in our search and studies we found the actual cost to print money is right on the Federal Reserve website. These are the current rates to print money according to Fed. Reserve website: Cost per denomination $1 & $2 notes= 5.2 cents per note $5 & $10 notes = 8.5 cents per note $20 & $50 notes =9.2 cents per note $100 note = 7.7 cents per note The rates today may not be at 2.4 cents, but each denomination still cost just pennies for the Feds. Listen to how this sounds. The Fed pays 5.2 cents to print one dollar. The U.S. government then borrows the dollar bill from the fed for one dollar. The Fed tacks on interest. The government then has to pay back that dollar plus the interest. To cover the interest the government uses the people's money through taxes to pay back this interest. Does that sound kosher? The problem with that is as long as the government allows the Fed to control our monetary system and issue our currency we will always be in debt. Whether we like it or not, us hard working Americans are slaves to the Federal Reserve systems and the international bankers that own the Fed. The Banks that have controlling interest in the Federal Reserve and that controlled and manipulated our politics and economics are listed below. They have been doing this since the Federal Reserve Act of 1913 was signed into law. These are the people who are controlling our monetary system and dictating monetary policies.
These are the actual masterminds and creators of the central banking system called the Federal Reserve. |
How the Federal Reserve Works
Taken from The Truth of the Federal Reserve System: The biggest financial crime in the history of the United States. by Don J. Grundmann, D.C., M.H.----http://www.truthusa.org/articles/fed/fedtruth2004.htm
FED EXAMPLE 1
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FED EXAMPLE 2
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The End Results From The Above Examples
- The nation is FOREVER in debt to the private bank.
- The accumulated debt and interest on the loans from the private bank only grows greater. It will NEVER be smaller.
- More and more of the labor of the citizens of the nation must be spent in paying interest to the private bank for their " loans " to the nation.
- Income taxes are unconstitutionally imposed by the hijacked government which is now under the control of the private bank and they are continually raised to pay interest to the private bank for the " privilege " of its " loan " to the nation.
- The debt to the private bank, WHICH YOU KNOW AS THE " NATIONAL DEBT," can NEVER be smaller nor or can it ever be paid ( go to www.algaoaktree.com and click on the " money " link for the reasons why this is true ).
- The financial and monetary policies of the nation are dedicated not to serving the interests of the citizens of the nation but to serving the interests of the real controllers of the nation and its future - the private, and unaccountable, bank which enslaves the citizens to it as it drains off the resources of the nation as its profit for allowing the nation to use the money substitute which it created out of nothing.
The Federal Reserve Note AKA U.S. Dollar
Money is basically anything that we can trade, which has the same perceived value from person to person. As long as society accepts the value of something, money could be literally anything.
Our current Federal Reserve note is a worthless fiat paper currency based on debt The reason it is worthless is because it is not back by silver, gold, or any other types of precious metals and or stones. Our constitution states that: "No State shall make any Thing but gold and silver Coin a Tender in Payment of debts". How do we know that it is not backed by anything? We know this because it says it on its website. It says:
"Federal Reserve notes are not redeemable in gold, silver, or any other commodity. Federal Reserve notes have not been redeemable in gold since January 30, 1934, when the Congress amended Section 16 of the Federal Reserve Act to read: "The said [Federal Reserve] notes shall be obligations of the United States….They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." Federal Reserve notes have not been redeemable in silver since the 1960s." http://www.usdebtclock.org/
The Federal Reserve Note is basically an I-O-U or a credit.
Printing more of this fiat paper money causes prices to raise, which means that the dollar is devalued or worth less and that my fellow Americans is inflation. The Federal Reserve controls inflation rates by either printing more notes or by ceasing from printing notes. Stop printing notes has the opposite effect--prices go down and the value of the dollar raises.
Our current Federal Reserve note is a worthless fiat paper currency based on debt The reason it is worthless is because it is not back by silver, gold, or any other types of precious metals and or stones. Our constitution states that: "No State shall make any Thing but gold and silver Coin a Tender in Payment of debts". How do we know that it is not backed by anything? We know this because it says it on its website. It says:
"Federal Reserve notes are not redeemable in gold, silver, or any other commodity. Federal Reserve notes have not been redeemable in gold since January 30, 1934, when the Congress amended Section 16 of the Federal Reserve Act to read: "The said [Federal Reserve] notes shall be obligations of the United States….They shall be redeemed in lawful money on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank." Federal Reserve notes have not been redeemable in silver since the 1960s." http://www.usdebtclock.org/
The Federal Reserve Note is basically an I-O-U or a credit.
Printing more of this fiat paper money causes prices to raise, which means that the dollar is devalued or worth less and that my fellow Americans is inflation. The Federal Reserve controls inflation rates by either printing more notes or by ceasing from printing notes. Stop printing notes has the opposite effect--prices go down and the value of the dollar raises.
A G.Lee Inc. Presentation
The Federal Reserve: Unconstitutional?-"Point, Blank, Period"-Installment 3
Presidents that Fought Central Banking
John F. Kennedy
END IT
The Federal Reserve is the root cause of the financial crisis! If we would do away with the Fed it will allow people to save more and become more prudent with their finances because free market forces, would set interest rates, limiting the amount of credit in the economy.
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President
G. Edward Griffin author of The Creature from Jekyll Island mentioned several different reasons why the Federal Reserve should be abolished, they are:
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President
G. Edward Griffin author of The Creature from Jekyll Island mentioned several different reasons why the Federal Reserve should be abolished, they are:
The Final Thought!
The FED is the mafia running our finances, bullying us to pay this and that, if we don't pay they come and get you! It's so ridiculous we pay income taxes and we get taxed all year round, Shouldn't they already know how much we made for the year, don't they keep track of all financial records. There is no law I repeat, there is no law stating we have to pay income taxes. Not to mention the money isn't even worth the cotton it is made of, they totally took our secure money and gambled it away. What this is, is a poncey scheme. We've all been bamboozled, and hoodwinked. What are you gonna do about it?
A G.Lee Inc. Presentation
Video/Audio Versions
Introducing The Federal Reserve Pt. 1
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Introducing the Federal Reserve Pt 2: How it works
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The Feds Pt. 3:The Federal Reserve Act of 1913 & The Note
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The Feds Pt. 4: Presidents Who Fought the Feds!
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Links
To See The United States Nation Debt Clock- http://www.usdebtclock.org/
Is U.S. currency still backed by gold? http://www.federalreserve.gov/faqs/currency_12770.htm
Is U.S. currency still backed by gold? http://www.federalreserve.gov/faqs/currency_12770.htm
References
(March 30, 2012). How much does it cost to produce currency and coin? Board of Governors of the Federal Reserve System. http://www.federalreserve.gov/faqs/currency_12771.htm
Kathy Lien (March 18, 2009). How Does the Fed “Print Money?”
http://www.kathylien.com/site/bernanke/how-does-the-fed-%E2%80%9Cprint-money%E2%80%9D
Lee Ann Obringer. How the Fed Works. How Stuff Works. http://money.howstuffworks.com/fed2.htm
A Talk by G. Edward Griffin. Author of The Creature from Jekyll Island. http://www.bigeye.com/griffin.htm
Harry V. Martin (1995). The Federal Reserve Bunk. http://dmc.members.sonic.net/sentinel/naij2.html
Kathy Lien (March 18, 2009). How Does the Fed “Print Money?”
http://www.kathylien.com/site/bernanke/how-does-the-fed-%E2%80%9Cprint-money%E2%80%9D
Lee Ann Obringer. How the Fed Works. How Stuff Works. http://money.howstuffworks.com/fed2.htm
A Talk by G. Edward Griffin. Author of The Creature from Jekyll Island. http://www.bigeye.com/griffin.htm
Harry V. Martin (1995). The Federal Reserve Bunk. http://dmc.members.sonic.net/sentinel/naij2.html