“The Federal Reserve Bank is not federal, has no reserves, and is not a bank. It is an illusion, like Doctor Phil, who is not really a doctor, and whose name is not actually Phil.”
The world’s largest scam, explained:
The Federal Reserve Bank is not federal, has no reserves, and is not a bank. It is an illusion, like Doctor Phil, who is not really a doctor, and whose name is not actually Phil. The Fed is not a part of our government and is not controlled by our government. Our own government does not issue currency and does not print money. They do not control the printing of money. All of our money comes from the Federal Reserve. So when you hear someone say that Obama or the government is printing money like crazy, they are uninformed.
The Federal Reserve Bank is 100% owned by private banking interests. Several international banks control it and share in the profits that it earns by manipulating our financial markets.
When the Federal Reserve prints $10, they do not “give” it to our government. They loan it to the government and to the taxpayers. They charge us interest on this loan. So when they print $10, we immediately owe them $11. Since this is more money than they have actually printed, we will always owe the Fed more money than they have ever actually printed. Paying off the National Debt is therefore a mathematical impossibility. This interest continues to snowball, until the amount of the debt finally surpasses the ability of the people to pay, and the Federal Reserve is left with only one option: Squeeze the people tighter and tighter in order to postpone the impending and unavoidable systemic collapse that must eventually occur.
That’s where the nation of Greece is right now. That’s where Iceland was a couple of years ago. That’s where Europe is heading; and that’s where we are about to go in America.
We are being squeezed down into lesser jobs and lower standards of living, in order to make sure that the Federal Reserve gets paid. “We will loan you some more money, but you’re going to have to cut back on living expenses so you can make higher and higher payments to us!”
Some people say that’s how capitalism works. Bullshit. This has nothing to do with capitalism.
It’s actually about an unconstitutional private group of billionaires who control our country.
Article I, Section 8, Clause 5, of the United States Constitution provides that Congress shall have the power to coin money and regulate the value thereof. If the Fed were actually a federal agency, the government could issue US legal tender directly, avoiding unnecessary interest-bearing debt to private middlemen who create the money out of thin air themselves. Among other benefits to the taxpayers, a truly “federal” Federal Reserve could lend to state and local governments interest-free, cutting the cost of infrastructure in half, restoring the thriving local economies of earlier decades. The trillions of dollars of US debt could be exchanged dollar for dollar with real US currency as the debt becomes due. There would be no inflation because there would be no additional currency in circulation. The tax burden could be cut if we took back the Fed and this would cause our economy to rapidly expand.
The Federal Reserve is the largest single creditor of the United States Government, and they are also the people who decide how much the average persons car payments are going to be, what their house payments are going to be, and whether they even have a job or not.
Not only do they have too much power, but that power is not granted by the Constitution.
They are illegal, interloping, blood-sucking parasites. They are a criminal enterprise.
Incidentally, this is the only common ground between the Tea Party and the Occupy Wall Street movements. Both groups know that the Federal banking system is the real problem.
On this, if nothing else, ultra conservatives and ultra liberals can find agreement.
In Iceland, when their own version of the Federal Reserve defaulted on loans owed to the IMF (International Monetary Fund – the global Fed), the voters banged pots and pans in the street until the government scheduled early elections. 90% of the voters said “no” to bailing out the banks. The president of Iceland afterward said “The banks are privately owned. The people are not responsible for private business failures.” The money-changers were aghast, and predicted Iceland would become a third-world country within a few months. Instead, the economy of Iceland is recovering quite nicely. The economy is steadily growing and there is a boom in small businesses. Unemployment has dropped from a high of 9.9% down to 7.3% this year.
In Argentina, where the government defaulted to the tune of $100 billion, and rejected the idea of paying an insurmountable debt to foreign banks, there is a major economic boom going on. Things are going so well that the Argentine government is providing free laptops, health care, child care, pay raises and pension raises to all. Unemployment is at an all-time low.
In America, in 1963, President John Kennedy wanted an end to the Federal Reserve System, which had a strangle-hold on the United States and virtually the world. By a stroke of the pen, President Kennedy dismissed the Federal Reserve System and ordered the US government to restore its Constitutional mandate of controlling the currency. He ordered the Treasury Department to start printing debt-free US currency. President Kennedy was dead three weeks later. When President Lyndon Johnson took office, he immediately rescinded Kennedy’s order and the “Kennedy notes” were quietly and quickly removed from circulation.
In New York City, in 1861, President Abraham Lincoln showed up with his hat in his hand to ask the Fed banksters (then known as the Associated Banks) to lend money to the government in order to preserve the Union. The banks demanded 20-30%, thinking they had Lincoln over a barrel. The new president declined the usurious offer. An old friend of Lincoln’s, Colonel Dick Taylor of Chicago, was put in charge of solving the problem of how to finance the war. His solution was: “Get Congress to pass a bill authorizing the printing of full legal tender notes and pay your soldiers with them and go ahead and win your war with them also.” When Lincoln asked if the people of America would accept the notes Taylor said. “The people or anyone else will not have any choice in the matter, if you make them full legal tender. They will have the full sanction of the government and be just as good as any money; as Congress is given that express right by the Constitution.” Lincoln agreed to try this solution and printed 450 million dollars worth of the new bills using green ink on the back to distinguish them from other notes. He explained it thusly: “The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers. The privilege of issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity.” The solution worked so well Lincoln was considering adopting this emergency measure as a permanent policy. Lincoln’s opposition to the central banks is well documented. He would certainly have killed off the national banks monopoly had he not been killed himself only 41 days after being re-elected.
The same solution could and would work today. People are starting to realize that in the final analysis, the Federal Reserve banking system is the problem.
Thomas Jefferson stated, “If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.”
This prophecy by Jefferson is being fulfilled right now, in our generation.
It is time for the American people to demand that the Federal Reserve Banking system be made fully accountable to the people or abolished entirely. We should not have to pay interest on our own money. A private group of investors should not have absolute control over our national economy. Our tax dollars should never be used to bail out private monopolies.
Neither political party is innocent. Both are guilty of selling our country to Wall Street, an act of treason for which they should be held fully accountable.
