How the privately owned Federal Reserve is robbing the United States
Corruption, Latest news, Special Report, World news Tuesday, January 25th, 2011Ever wonder how the privately owned Federal Reserve produces money. Here’s how it’s done.
1. The purchase of bonds is approved by the Federal Open Market Committee. The Federal Open Market Committee is a component of the Federal Reserve Banks.
2. The Fed buys the bonds (bonds they issued) which it pays for with electronic credits made to the sellers bank. These credits are based on nothing. Fraudulent electronic entries on a computer. It is the same as you or I going to a car dealership to buy a brand new car and instead of paying for it with cash or gold we simple type a dollar figure on the dealership’s computer and drive away. We (the buyer) haven’t bought the vehicle as we haven’t given the dealership (seller) anything of value in exchange for the new car. We stole the vehicle – which is exactly what the Federal Reserve does.
3. The receiving banks then launder (I would have said money launder but there is no real value money involved) these worthless credits as reserves from which they can loan out ten times the amount in new worthless credits.
To reduce the amount of money in the economy the Federal Reserve gang of thieves simply reverses the process.
The Fed dump these worthless bonds onto the public and real money (money in the form of precious metals like gold or silver) is drawn from the purchasers bank to pay for them.
Each million withdrawn lowers the banks ability to loan by 10 million. Why? Because the banks’ gold is being used to buy the Fed’s worthless bonds. The Federal Reserve bank in this way is stealing (robbing) the US gold and silver supply.
These crooked bankers, through the magic of fractional reserve banking have been illegally delegated the right to create 90% of the money supply. This unconstitutional (thus illegal) control makes a mockery of the U.S. elected government. It places so called leaders behind a toy steering wheel, like the plastic ones, set up to amuse small children. Or as Rep. Charles Lindbergh, father of famous aviator Lucky Lindy, puts it when commenting on the Federal Reserve Act:
“This act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalised.
The people may not know it immediately, but the day of reckoning is only a few years removed… The worst legislative crime of the ages is perpetrated by this banking bill.” ~Rep. Charles Lindbergh (R-MN)
Or as the 32nd President of the United States, Woodrow Wilson put it:
“We have come to be one of the worst ruled, one of the most completely controlled governments in the civilised world – no longer a government of free opinion, no longer a government by… a vote of the majority, but a government by the opinion and duress of a small group of dominant men.
Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organised, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”
In order to clearly establish that this is not a conspiracy theory, but is actually how things are controlled, we further quote Charles Lindbergh. From the house of representatives, Lindbergh was well placed to see exactly what was happening back then and continues to happen today.
“To cause high prices all the federal reserve board will do will be to lower the re-discount rate…, producing an expansion of credit and a rising stock market; then when… business men are adjusted to these conditions, it can check… prosperity in mid-career by arbitrarily raising the rate of interest.
It can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variation, and in either case it will possess inside information as to financial conditions and advance knowledge of the coming change, either up or down.
This is the strangest, most dangerous advantage ever placed in the hands of a special privilege class by any Government that ever existed.
The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.
They know in advance when to create panics to their advantage. They also know when to stop panic. Inflation and deflation work equally well for them when they control finance…” ~ Rep. Charles Lindbergh (R-MN)
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