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THE FEDERAL RESERVE IS A SCAM

Many will have never even questioned just what is this green tinted paper we covet so dearly and in which each of our lives depend on in its diminishing quantities. Money...that stuff we love so much! It can set us free or confine us to a life devoid of food, shelter and clothing. We really have no idea what those paper bills mean!

Here is a little info in the form of a Q&A to begin our journey on WHO issues those notes and how WE have been deceived for far too long.
Q: What is the Federal Reserve System?

A: The Federal Reserve System is not Federal; it has no reserves; and it is not a system, but rather, a criminal syndicate. It is the product of criminal syndicalist activity of an international consortium of dynastic families comprising what is commonly termed "The New World Order". The Federal Reserve system is a central bank operating in the United States. Although the student will find no such definition of a central bank in the textbooks of any university, a proper definition would be as follows: It is the dominant financial power of the country which harbors it. It is entirely private-owned, although it seeks to give the appearance of a governmental institution. It has the right to print and issue money, the traditional prerogative of monarchs. It is set up to provide financing for wars. It functions as a money monopoly having total power over all the money and credit of the people.

Q: Are our dollar bills, which carry the label "Federal Reserve notes" government money?

A: Federal Reserve notes are actually promissory notes, promises to pay, rather than what we traditionally consider money. They are interest bearing notes issued against interest bearing government bonds, paper issued with nothing but paper backing, which is known as fiat money, because it has only the fiat of the issuer to guarantee these notes. The Federal Reserve Act authorizes the issuance of these notes "for the purposes of making advances to Federal reserve banks... The said notes shall be obligations of the United States. They shall be redeemed in gold on demand at the Treasury Department of the United States in the District of Columbia." Tourists visiting the Bureau of Printing and Engraving on the Mall in Washington, D.C. view the printing of Federal Reserve notes at this governmental agency on contract from the Federal Reserve System for the nominal sum of .00260 each in units of 1,000, at the same price regardless of the denomination. These notes, printed for a private bank, then become liabilities and obligations of the United States government and are added to our present $8 trillion debt. The government had no debt when the Federal Reserve Act was passed in 1913.

Q: Who owns the stock of the Federal Reserve Banks?

A: The dynastic families of the ruling New World Order, internationalists who are loyal to no race, religion, or nation. They are families such as the Rothschilds, the Warburgs, the Schiffs, the Rockefellers, the Harrimans, the Morgans and others.

Q: Can I buy this stock?

A: No. The Federal Reserve Act stipulates that the stock of the Federal Reserve Banks cannot be bought or sold on any stock exchange. It is passed on by inheritance as the fortune of the elitest class. Almost half of the owners of Federal Reserve Bank stock are not Americans.

Q: Does the Federal Reserve Board control the daily price and quantity of money?

A: The Federal Reserve Board of Governors, meeting in private as the Federal Open Market Committee with presidents of the Federal Reserve Banks, controls all economic activity throughout the United States by issuing orders to buy government bonds on the open market, creating money out of nothing and causing inflationary pressure, or, conversely, by selling government bonds on the open market and extinguishing debt, creating deflationary pressure and causing the stock market to drop.

Q: Can Congress abolish the Federal Reserve System?

A: The last provision of the Federal Reserve Act of 1913, Sec. 30, states, "The right to amend, alter or repeal this Act is expressly reserved." This language means that Congress can at any time move to abolish the Federal Reserve System, or buy back the stock and make it part of the Treasury Department, or to altar the System as it sees fit. It has never done so.

No Congress, no President has been strong enough to stand up to the foreign-controlled Federal Reserve Bank. Yet there is a catch - one that President Kennedy recognized before he was slain - the original deal in 1913 creating the Federal Reserve Bank had a simple backout clause. The investors loaned the United States Government $1 billion. And the backout clause allows the United States to buy out the system for that $1 billion. If the Federal Reserve Bank were demolished and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight, and the need for more taxes and even the income tax, itself. Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

homepage: homepage: http://www.sonic.net/sentinel/naij2.html

So, What is Money, W.C.M.? 11.Jun.2005 13:02

Roland

Is it a precious metal? If you say, "Yes," how can a precious metal, like gold or silver, which trades at a certain price, just like any other commoditiy like a refrigerator or a head of lettuce, be "money?" Gold is gold and silver is silver. Neither metal is money. Could "money," then, be a precious stone like a diamond or an emerald? No, again, because precious stones, like gold, silver, refrigerators and lettuce, trade at certain prices. So, what is "money?" Money is an abstraction that represents the universe of commodities as a convenient symbolic form that can be used in general exchange, which takes a concrete form as paper or base metal.

The monopoly to issue money. 11.Jun.2005 15:11

Tom

JFK made an attempt to eventualy retire the Federal Reserve System by an Executive Order. He authorised the issuance of dollar coins, bills. Quite likely, that was the real reason behind his assassination.

Old, stale paranoid conspiracy theories 11.Jun.2005 16:34

Skeptic

What's amusing about the continued circulation of these myths is that it's so damned easy to find information about them from people who actually know what they're talking about. Apparently, on the Internet, not only doesn't anyone know you're a dog, but nobody ever takes out the trash.

Some readings from a real economist for your information: Debunking the Federal Reserve Conspiracy Theories

These are linked to from Dr. Flaherty's main page, but references to a couple of the specific PCTs mentioned above seem warranted:

Myth #5: The Federal Reserve is owned and controlled by foreigners.

Myth #9: President Kennedy was assassinated because he tried to usurp the Federal Reserve's power. Executive Order 11,110 proves it.

This page is also of interest, particularly for the way in which Dr. Flaherty presents the arguments on both sides of the issue, places them in the context of the debates which took place during the framing of the Constitution and goes over the more recent legal history involved:

Myth #3: The Federal Reserve Act and paper money are unconstitutional. Here's hoping the hyperlinks work. Computer geekery isn't my trade.

Share and Enjoy!


myth - paranoia? 11.Jun.2005 18:05

Sheepdog

Another good book is KILL ZONE by Craig Roberts.
Serious stuff going down.
Capital Flight is a reality and so is hyper inflation.
Both of which occured to bring down the Germen Republic and allow Hitler to lead his nation into madness. Then the looting began in ernest.

The Grand Deception 11.Jun.2005 18:15

Christopher Mark

 http://www.prisonplanet.com/analysis_mark_032403_deception4.html

The Theft of America and the World, Part I

By Christopher Mark

The purpose of this week's article is to provide you with an introduction to the earthly instruments of destruction which pervade earth. These institutions mean to accomplish nothing less than to enslave the entire population of the planet. Welcome to the world of the international banker.

In fact, your country and your world is owned by international bankers. It is no longer relevant, in this author's opinion, to focus on names, such as Rockefellers and Rothschilds, for the plutocratic institutions that rule the our planet have been
established. You know of the so-called Federal Reserve (and their bastard siblings established throughout the whole of the civilized world, such as The Bank of England and The Bank of France), The International Monetary Fund, The World Bank, and maybe you are even aware of The Bank of International Settlements, in Switzerland—which is the granddaddy of all private banks. Then there is the United Nations, the ultimate front for international banking interests. As this series of articles unfolds, we shall examine these institutions in greater detail. The world is corrupt beyond your wildest dreams my fellow Americans—and we, perhaps, are the most gullible of all nations. Our great ingenuity, diversity, energy, resources, and strength are being fully exploited—and not to the benefit of the average citizen by any stretch of the imagination.

For now, grasp this: The world you believe exists does not exist. We live in a form of "The Matrix," not unlike the world portrayed in John Carpenter's movie "They Live," except high government officials and international bankers are the elite who control all you see and hear as did the aliens portrayed in the movie. The news is a farce. As is the case with the financial institutions which are concentrated in the hands of the few, long ago the media was bought and paid for, and in America this process was greatly reinforced with the 1996 Telecommunications Act. What you read and what you see on a daily basis is largely manufactured. You are being lied to, each and every day. If you find this acceptable; by all means, please continue to accept at face value what you see on TV and read in newspapers and magazines. If you do not find this acceptable, perhaps you need to consider alternative forms of information gathering in order to accurately assess your current and future environment, if for no other reason, than the safety of yourself and/or your family.

Consider this: There was a man by the name of John Swinton who worked for the New York Times. He was greatly admired and known as "The Dean of His Profession" by other newspapermen. The year was 1953 and in front of the New York National Press Club, he offered the following observation: "There is no such thing, at this date of the world's history, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinions out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalist is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell the country for his daily bread. You know it and I know it, and what folly is this toasting an independent press. We are the tools and vassals of the rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes."
Go to this link to read the rest:  http://www.prisonplanet.com/analysis_mark_022803_deception.html

Yes, trust the fiat currency 11.Jun.2005 18:26

while I get mine exchanged for gold

Why bother reading what the money masters paid their hacks to debunk the exposure of their fiat currency system?

How about reading on the history of money? Eustace Mullins and Anthony Sutton did a pretty good job at that.

Then there is always the classic "Creature from Jekyl Island". But then I forget, it is just the conspiracy nuts on the internet spreading damning info on Federal Reserve Notes(FRNs) called money.

BTW, many very wealthy men are talking down this ponzi scheme now that they have gotten out of the dollar and have secured commodities and real assets in exchange for those soon to be worthless FRNs.

Working class Mama is right 11.Jun.2005 19:38

PHH

All that stuff is true, but the public is largely unaware. To call it "The Federal Reserve" is deliberately misleading.

There's nothing wrong with the method of regulating money supply. What's wrong is that we, the American people should be in charge of our own currency not some fatcat bloodsucking bankers.

tell ya one thing 11.Jun.2005 19:49

Sheepdog

If we get an infrastructure collapse, corn meal might be worth its weight in gold.

corn meal might be worth its weight in gold 11.Jun.2005 20:15

U. Sam

it's used as a reserve. You can't print gold. They used to say gold was honest money, if there is such a thing.

Asians know that, Europeans know that, the latin americans found out the hard way what credit can do. there's a museum in argentina dedicated to it that recently opened

Argentines bank on a good time at new debt museum
Family outings may get a whole lot wonkier when the world's first exhibit devoted to national debt opens in October

 http://www.csmonitor.com/2003/0730/p07s01-woam.html

You can't print gold 11.Jun.2005 23:05

Sheepdog

You can't eat it either, ask Midas.
Good idea to stock non parishable food as a final medium of exchange.
(two bags of rice for your wife...)

Keep this in mind 11.Jun.2005 23:48

asdf

in today's late hour...to use the exhausted diatribe: "Old, stale paranoid conspiracy theories" is itself old and stale. Get some new material spook, we're a bit smarter than you give us credit for.

Yes, smart enough to keep repeating the same cliches 12.Jun.2005 13:58

Skeptic

Instead of reading the actual text of the E.O. that some conspiracist cited as "proof" of the reason for J.F.K.,'s murder, along with the E.O.s and laws which preceded and surrounded it as context and NOTICING that they contradict the conspiracist claim;

Instead of taking the time to read and think about the Constitutional history of paper money- and to notice that the source I cited clearly acknowledges that Constitutional and legal scholarship is otside his area of professional expertise and therefore presents an overview of the history of the status of paper money in the USA, beginning with the debates at the Constitutional Convention, with a view towards informing rather than pushing a dogma-

You reflexively call anyone who disagrees with you and endeavors to present evidence a "spook".

What a tired, old cliche- and what a perfect example of the fallacy of False Dilemma. You're either with us or you're one of the eevil eevil others- that reminds me of the thinking of a certain politician who is currently infesting Washington DC.

The debate over the use of paper money has been going on ever since the introduction of block printing in China at least a thousand years ago. There are good arguments to be found on both sides, but not in hoary old conspiracy theories which have been circulating among tinfoil-hat circles for decades and have been debunked for an equally long time.

For the gold-bugs out there, here's a thought that ocurred to me recently:

Back in the pre-electronic era, gold and silver had some properties which made them very well-suited as a medium of exchange. Among these were the fact that they were quite workable, when properly alloyed they could make circulating units (coinage) of very good durability, they were moderately but not unreasonably difficult to obtain from nature, hence reasonably scarce and most important- they were essentially pretty but useless, save for luxury items like jewelry and high-end tableware.

With no large-scale industrial use, their value could be decoupled from the ups and downs of more useful commodities.

Today, however, the precious metals are important industrial commodities- the photography and electronics industries consume them in mass quantities. This seems to bring in a problem for using them as a monetary basis- their value can fluctuate in much the same way as the value of iron or lumber or pork bellies or Portland cement, depending on the demands of the industries which use them. (Back in the days of Lykurgos, the Spartans introduced an iron currency. This did not work very well.)

Even before the advent of large-scale industrial uses, advancing technology was making the value of precious metals bouncier and bouncier. The production rate of the Comstock Lode during the 1860s and 70s was so high that the value of some silver-backed Eurpoean currencies was severely affected.

This does seem to be a problem for the use of precious metals as a basis for money. Ideally, the concept of "intrinsic value" ought not to be dependent on changes in technology or on the vagaries of producing and marketing useful items.

So, if we start with the assumption that a circulating medium of exchange needs to be based on some substance or another, what can we propose to use that won't be at risk of ending up the way silver did in the 1980s, when the metals industry would pay more for the metal derived from melting down coins than the face value of the coins themselves?

Any ideas?

goods or labor 13.Jun.2005 18:32

Sheepdog

These are the only true exchange medium.
Everything else is fixed to these primary catagories.
The Fed has a cancerous effect upom the exchange of these items as they relate to the un backed ( worthless ) currency.