It’s time to repeal the Federal Reserve.Corruption, World news Thursday, November 3rd, 2011
What’s so funny? The US people haven’t yet figured it out that they’ve been had. That they’ve been robbed by the privately owned US Federal Reserve Banks and their co-conspirators, the US government.
Many in the US think that the US Federal Reserve is a Federally owned and controlled banking system. That is fiction. The US Federal Reserve is a privately owned bank with shareholders and banks around the World. The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913 by the enactment of the Federal Reserve Act, largely as a response to a series of orchestrated financial panics or bank runs, particularly a severe panic in 1907.
Today the Federal Reserve is behind the US economic crisis, a repeat of 1907 whereby the shareholders of the modern Federal Reserve have orchestrated another financial panic. An audit of the Federal Reserve has revealed that the banks conspired to defraud the United States people of $trillions. An audit revealed that there was no actual $billion loses, only falsely declared losses (fraud).
What an audit revealed is that the Federal Reserve banks conspired to commit fraud by understating their earning and overstating their losses in order to get their hands on US taxpayers dollars that have now exceeded $16 trillion. The bankers of the Federal Reserve Banks have done this before – in 1907.
The Panic of 1907, also known as the 1907 Bankers’ Panic, was a financial crisis that occurred in the United States when the New York Stock Exchange fell close to 50% from its peak the previous year. Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered into bankruptcy. Primary causes of the run include a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors. This is the exact same cause for the current US economic crisis.
Bank of America and Goldman Sachs started today’s crisis by retracting market liquidity in the mortgage sector. Soon after other Federal Reserve banks did the same to exasperate the illusion of a financial crisis. The illusion of bank failures and bankruptcy achieved the Federal Reserve bank’s goal – to have Bush and Obama simply hand over $trillions in federal tax dollars. In both Bush’s Bailout Scheme and Obama’s Stimulus Scheme none of the banks of the Federal Reserve that received $trillions have to repay any of it back. Bush and Obama simply gave it all away with no strings attached. No repayment is required. No accounting of where the money is going is required. No paper trail. Bush and Obama even gave them all a get out of jail free card by declaring that their bailout and stimulus schemes will not be subjected to Judicial or Congressional oversight. Both Bush and Obama made sure this was part of the deal because both received multi $billion kickbacks for their unlawful defrauding of the US people scheme.
The 1907 panic began with a stock manipulation scheme to corner the market in F. Augustus Heinze’s United Copper Company. Heinze had made a fortune as a copper magnate in Butte, Montana. In 1906 he moved to New York City, where he formed a close relationship with notorious Wall Street banker Charles W. Morse. Morse had once successfully cornered New York City’s ice market, and together with Heinze gained control of many banks—the pair served on at least six national banks, ten state banks, five trust companies and four insurance firms.
Augustus’s brother, Otto, devised the scheme to corner United Copper, believing that the Heinze family already controlled a majority of the company. A significant number of the Heinzes’ shares had been borrowed, and Otto believed that many of these had been loaned to investors who hoped the stock price would drop, and that they could thus repurchase the borrowed shares cheaply, pocketing the difference—a technique known as short selling. Otto proposed a short squeeze, whereby the Heinzes would aggressively purchase as many remaining shares as possible, and then force the short sellers to pay for their borrowed shares. The aggressive purchasing would drive up the share price, and, being unable to find shares elsewhere, the short sellers would have no option but to turn to the Heinzes, who could then name their price.
In 1907 a group of bankers conspired to create a fictional banking crisis in order to coerce the US Congress into giving the US Federal Reserve control of the United States’ money. Because of that coercion the United States has been held hostage by a banking system of private bankers. If you control a country’s money you control the country. Today the same group of bankers orchestrated another banking crisis in order to form the World Monetary Fund – a banking system of unelected private bankers with complete financial control over the World. How do we stop them? We shut them down. We invest in other banks or form completely new banks. We take our money out of their banks and put them in other locally owned banks. Most importantly have no part in the World Monetary Fund because if you do you no longer have a sovereign state.
“They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is 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.” ~ Rep. Louis T. McFadden (R. Pa.) statement in regards to the Federal Reserve banks
How can the US taxpayers stop financing those whose purpose it is to destroy the United States?
To avert another financial crisis in the United States “ the Federal Reserve Act must be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately.
Replace the counterfeit FED money (interest attached) for real U.S. money (interest-free) dollar for dollar, as Kennedy tried to do. The US people should not be required to pay interest on their own currency. According to Benjamin Franklin, this was one of the primary reasons “the people” fought the Revolutionary War. Today they are still fighting the same family of foreign bankers.
The U.S. Government can buy out the FED at any time. The U.S. Treasury could then collect all the profit on US money instead of the 300 original shareholders of the FED. The $15+ trillion of U.S. debt could be converted dollar for dollar with U.S. non-interest bearing currency . There would be no inflation because there would be no additional currency in circulation. Personal income tax could be cut if the US government got rid of the FED and therefore, the economy would expand.
According to the Constitution, only Congress is to control the creation of money, keeping the amount of inflation or deflation in check. If Congress isn’t doing their job, they should be voted out of office. Even though voters can’t vote the unelected FED or its Chairman out of office they can remove them by filing formal criminal charges against the bankers and banks for fraud, money laundering, counterfeiting, embezzlement, and treason. The Federal Reserve can be dissolved today by an act of Congress or “forfeiture of franchise for violation of law.” – codified in United States Code, TITLE 12 CHAPTER 3 SUBCHAPTER IX § 341. General enumeration of powers.
If the government has a deficit, the United States government could handle it as Lincoln and Kennedy did. By printing interest-free United States Notes instead of the illegal interest-bearing counterfeit called the Federal Reserve Note.. Today the FED, through foreign banks, owns much of the US debt and therefore controls the United States. The FED will cease to exist as taxpayers become informed and tell other taxpayers.
By law, the US people can takeover (buy out) the FED for the original investment of the FED’s 300 shareholders, which is reportedly $450 million. If each taxpayer (112 million) paid $4.02, they could buy out the FED and all the profit would flow into the U.S. Treasury. In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their foreign bankers.
Note: The people who illegally enacted the FED also illegally created the IRS, within months of the FED’s inception. The FED buys U.S. debt with counterfeit money they print from nothing (meaning they have no value – worthless), then charges the U.S. taxpayers interest. The government had to create a tax – income tax – to pay the interest expense to the FED’s foreign shareholders, but the income tax was never legally passed. The FED is illegal, per Article 1, Section 8 of the United States Constitution. Not one state legally ratified the 16th Amendment making income tax legal.
If the FED was Congressionally or forcibly eliminated and the US government upheld the Constitution, the US could balance the budget and cut personal income tax to almost nothing. In Congressional hearings on September 30, 1941, FED Chairman Eccles admitted that the FED creates new money from thin air (printing press), and loans it back to the US people at interest. On June 6, 1960, FED President Mr. Allen admitted essentially the same thing. If you or I did this we would be arrested for counterfeiting and put in jail.
It is time to take away the Federal Reserve Bank’s control of the United States. It is time to stop the Federal Reserve Bankers from counterfeiting the US money and creating debt! The US people don’t even need to buy back the FED. They only need to print money the way the United Constitution requires – by Congress, interest free.
Short URL: http://presscore.ca/?p=5205