Can you visualize that Wall Street (i.e., the international bankers) operates a scam with the Federal Reserve as detailed below ? That issue--of how WS embezzles a trillion dollars each year from the government is a rip-off of the citizens-- is in the courts. Do you have an interest in it ?
Do you know of a lawyer that would be interested in participating ???
PS This same scheme is undoubtedly being used with the Euro.
Deficit spending occurs when Congress approves such act. The U.S. Treasury can then send a Treasury security (bill, bond or note) as collateral to the FRBNY. The FRBNY will then increase the government's line of credit (book entry money) by that amount. The act is identified as a "loan" from the Federal Reserve. The government pays for services by vendors from the account. If a vendor requests "cash" from a commercial bank after depositing the check, the vendor will receive Federal Reserve Notes (FRN), i.e. an item of debt from the Federal Reserve identified as a legal tender. A legal tender is an alternate item from that which was contracted. The vendor requested "dollars" but has been offered a FRN as a substitute which, by law, must be accepted for the requested item.
The FRBNY will sell the Treasury security by auction with a superficial appearance by the U.S. Treasury.
AUCTIONS OF TREASURY SECURITIES
Auctions of Treasury securities are jointly managed by the FRBNY and select government branches and are open to the public. The bulk of sales is to the Primary Dealers who place bids with the FRBNY.
Approximately 85 percent of auctioned securities are used to fund roll-over for maturing or redeemed Treasury securities. Security value for deficit spending is about 15 percent. Each security identifies how much goes for roll-over and how much is for deficit spending. In this Complaint, the terms will be used to designate 100 percent of each security for clarity.
Funds received by auctioning securities for redemption of securities in the market are credited to a government account by the FRBNY. Since they are credited to the government, there is no increase in the National Debt nor is there any increase in the amount of currency in circulation. The government balance sheet lists these funds as assets under Marketable securities.
The Treasury makes a list of securities that are being recalled before maturity. The Primary Dealers are largely responsible for collecting listed or maturing securities for redemption.
The FRBNY has exclusive management and accounting control of redemption accounts for the government. The accounts have never been independently audited nor are they reported to Congress as required by law.
DEFICIT SPENDING SECURITIES
Deficit spending securities are auctioned in the same manner as roll-over securities, however the funds are not credited to a government account. If it were otherwise, there would be no increase in the National Debt nor would there be an increase in money in circulation (inflation). If it were publicly identified that the money goes to the Federal Reserve system, it could lead to great public hostility. The transfer of profit to the Federal Reserve is therefore concealed.
Funds received from auctioning deficit spending securities are ostensibly used to pay back the "loan" that created the book-entry money. The book-entry money becomes an assett component within the "marketable securities" listing of bills, bonds, and notes on the government balance sheet.
The defendant owners of the BOG advance no consideration for the above "loan" or transactions.
The owners of the BOG receives the entire value of deficit spending as a net profit by this handling.
The net profit of the Federal Reserve system legally belongs to the government.
It is impossible to pay off the National debt that is created by the above transactions.