Russia and China begin dropping worthless Federal Reserve Note
World news Wednesday, December 15th, 2010China and Russia have decided to renounce the US Federal Reserve Note and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.
Chinese experts said the move reflected closer relations between Beijing and Moscow and is aimed at protecting their domestic economies.
The move in the long term could make the Federal Reserve Note (a worthless counterfeit of the US dollar) less relevant to business between the two nations. More nations are sure to follow.
Why drop the US Federal Reserve Note?
The U.S. government has no “money,” only debt which it owes to the Federal Reserve Bank – the same ones who fraudulently claimed $billions in loses in order to steal $trillions from the United States people with the help of both Bush and Obama – bank bailouts.
The United States government is bankrupt. Its money is mere paper backed by zero, and zero is bankrupt. The government gets credit (not money) by selling Treasury bonds to the Federal Reserve Bank. The green Federal Reserve notes in your wallet are bills owed by the USA to the Fed, a privately owned international central bank and its greedy stockholders. The “money” in the USA is not money, only worthless promissory notes in which the United States government promises to repay both the principle and interest on the bonds bought by the Fed.
The international bankers and their shareholders of the privately owned Federal Reserve Bank print paper to buy U.S. bonds with a few strokes of a computer keyboard. There is nothing whatsoever to back the digits and there is no gold or any other substance in the real world that stands as collateral. What is pledged by the U.S. government to the Fed is the future slave labor of Americans who now live on International Banker Plantation and pay taxes accordingly.
If you have ever used a credit card at an ATM machine to get some of these “promissory notes,” that is the exact process the U.S. government does when it sells a Treasury bond to the Fed. Since the United States “money” is just like a credit card with the Fed as their bank it is not hard to see why they can never get out of debt with a monetary system run by the Fed. The Fed counterfeits money out of thin air and holds the United States hostage with the debt they are charged, which now is almost $14 trillion and growing.
The U.S. government is like a bankrupt family that only has a credit card. Such a national family could never get out of debt and would only increase its debt each time its source of “money” was used up. You might hear people say, “Well, we are only in debt to ourselves so it is really OK.” That is totally false.
The Federal Reserve Bank is no more part of the federal government than FedEx, McDonalds or Starbucks. The Fed is a private bank incorporated in Delaware and it has its own profit seeking stockholders just as any totally private company. The U.S government has no clue who the actual stockholders of the Fed are. The Fed is never audited by the U.S. government. If they had they would have seen that the bankers of the Federal Reserve Bank only claimed $billion loses and fraudulently added $trillions to the national debt. The Fed is sucking wealth and freedom out of the United States at an astronomical rate.
Until the United States elected officials shut down the foreign controlled Federal Reserve Bank, things will only get worse. Every time the U.S. government borrows the bankers of the Federal Reserve Bank prints more worthless counterfeit money. Every promissory note they print is inflated and its trading value drops.
I believe that banking institutions are more dangerous to our liberties than standing armies. — Thomas Jefferson
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