It is unfortunate that people in the United States are not taught the history and operation of their country’s most powerful financial institution, The Federal Reserve System. Created in 1910, codified by Congress in 1913 (along with the personal income tax), this “system” facilitated the US government’s ability to inflame the nation’s citizens for the purpose of supporting the European war of 1914-1918 (World War I). Warfare provides a source of immense borrowing and provides banking corporations with huge profits in the form of interest income. Several of these same Wall Street banks financed Adolph Hitler two decades later.
The idea came about on a meeting in Jekyll Island off the coast of Georgia in 1910. The bankers in this country, especially J.P. Morgan, created a currency panic in 1907 in order to get the American people to accept the idea of a central bank. One of the most ungodly and fraudulent institutions ever perpetrated on the American people and the world, is the Federal Reserve System which through deceit became the central bank of the United States in 1913.
The Rothschilds interests wanted to create a Central Bank in America. They wanted to build the Federal Reserve. First, they needed a bunch of banking crisis’ that would push public opinion towards a Federal Reserve system. These were provided by J.P. Morgan’s Knickerbocker Panic of 1907.
Second, they needed a favorable U.S. president in office. Rothschild’s agent Colonel House provided this by getting Woodrow Wilson elected. After several attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. He had committed to sign this act as pay back to the bankers. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation.
When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country”. The founding of the Federal Reserve, the Central US Bank, has proved to be one of the most significant events in world history. This single move resulted in the massive accumulation of wealth in the hands of a small number of individuals, financial institutions and corporations whose combined power allows them to exercise effective control of the US and the world economy, and in turn to exercise political leverage sufficient to determine the course of history.
Some people think the Federal Reserve banks are United States Government institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers; and rich and predatory money lenders.
THE U. S. FEDERAL RESERVE BANK IS A PRIVATELY OWNED CORPORATION . “Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof…”.
The Independent Treasury Act of 1920 suspended the de jure (meaning “by right of legal establishment”) Treasury Department of the United States government. Our Congress turned the treasury department over to a private corporation, the Federal Reserve and their agents. The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests, and NONE is held by the United States Treasury:
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Loeb Bank of New York
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. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for “creative accounting” to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually. How can the “Fed” refuse to be audited while all Federal Government agencies must be audited? Additionally, the FED started buying up the media in the 1930’s and now owns or significantly influences most of it.
The U.S. government didn’t rescue the banks. The Federal Reserve (FED) did. U.S. taxpayers did not pay for this rescue as is commonly believed. The Federal Reserve is overseen by the U.S. government, but it is a conglomeration of private banks that print America’s money. when the U.S. Government needs money, they go to the Fed to borrow the money. The Fed calls the Treasury and asks them to print x amount of Federal Reserve Notes (FRN) in units of one hundred dollars. The Treasury charges the Fed 2.3 cents for each note. The Fed then lends that money to the government at face value plus interest. The government has to create a bond for the loan amount as security for the loan.
Now the government owes the private ownership of the Fed the face value of the bonds plus interest. In other words, the Fed earns interest by “loaning” that money to the U.S. government. Imagine that . . . they earn interest by loaning money which is not even theirs to loan, which they just created out of thin air . . .
So essentially every bill they “create” has a debt associated to it and if the debt is not paid they create more Federal Reserve Notes so they can loan more to the government (actually exchange for U.S. bonds)in order to pay off the debt, thereby growing the national debt even more.
This is what we refer to as a debt monetary system . . . in other words . . . our currency has a debt attached to it before we ever spend any of it. We can never get out of debt because it is a self propagating, vicious cycle, that will ultimately end with the complete destruction of our currency and bankruptcy of our nation. The U.S. government owes trillions of dollars to FED for printing its own money! President John F. Kennedy wanted to bypass the FED and print money directly. Look what happened to him. The bankers of the FED rule the world politics and U.S. presidents including Obama.
The Feds are our worst oppressors, exploiting us every chance they can. The Fed will never use any of their power to fix any of our economic problems, because there is a great conflict of interest. They will always use their power to manipulate the economy to their advantage. Their huge profits come at the expense of every single man women and child living here in the USA. the Fed is also exempt from payng any income tax on the huge profits they make from this scam . . .
They can NOT be audited and do NOT answer to the President or anyone for that matter. The president appoints the Board of Governors but has no control over their secret activities. Congress knows nothing of the conversations, plans, and actions taken in concert with other central banks. We get less and less information regarding the money supply each year, especially now that M3 is no longer reported.
Not only is the Fed exempt from tax . . . but 100% of the income tax that Americans pay . . . goes right to the Fed to pay off this debt, which they perpetually create. It is no coincidence that the Federal Income tax law was enacted in the same year as the Federal Reserve Act. It was needed to finance this scam. Prior to this, the U.S prospered and the government paid it’s bills with out needing revenue from income tax . . . but that all ended with the enactment of the Federal Reserve Act of 1913 . . . From that point forward . . . income tax was required to pay for the debt owed to the Fed for interest on the money they create and loan out to the U.S.
The U.S. owes more money to the FED than to China! The Federal Reserve is owned by private families. They literally rule and control world politics.
John F. Kennedy signed an Executive order 00001 in May of 1963 to bypass the Federal Reserve so that the United States can print its own money directly and wouldn’t have to pay any interest. He got shot just six months after! Abraham Lincoln also tried to get the U.S. government to print its own money directly instead of going through a privately owned national bank and look what happened to him! Lincoln got assassinated.
The Federal Reserve is a conglomeration of private banks owned by families in various nations, mostly United States and the United Kingdom.
The shares or stocks to the Federal Reserve are closed to the public. Only these families can own them!
The Federal Reserve isn’t part of the federal government anymore than Federal Express is part of the federal government. The Federal Reserve is overseen by the U.S. government, but it is privately owned and controlled by certain bankers and families.
We currently living in an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.”