Who owns it? We know it is a privately owned company, but I have never heard who actiually owns it.
__________________ Since the Torah is a finite book expressing the will of an infinite God, many lessons must be derivable from each passage from all the infinite angles.
It's not hard to see what is going on in the US and the world right now if you learn the truth about the Central Banking system that has been established to gain control of the world financial system and bring the human race into debt slavery for the benefit of the 'elites'.
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Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).
The Central Banking system is influenced by which group?
__________________ Since the Torah is a finite book expressing the will of an infinite God, many lessons must be derivable from each passage from all the infinite angles.
Conspiracy theorist or no, it's pretty obvious to anyone who's taken any college-level Economics at all that the Federal Reserve is little more than a government-sanctioned money laundering scheme. I mean let's get serious: you want to stimulate the economy? Why can't the Federal Treasury Department just print money in a controlled manner and put it in the public coffers? Our national debt would be SIGNIFICANTLY lower right now if you just did that. And what in the world is a private corporation doing dictating the bank reserve requirement? Isn't the reserve requirement what you would call a LAW??
To compare the two schemes, let's see who benefits:
Scheme A (the way it should be): the government fights recession by printing more money, inflation by printing less money. The money goes into public coffers to benefit the public good. The government also controls the reserve requirement, so as to prevent banks from over-leveraging themselves and insuring that banks always have enough money on hand to meet withdrawals.
Scheme B (the Federal Reserve way): banks are regulated by another bank, who is basically given the power to create a potentially infinite money supply. Recession is fought off by reducing interest rates, which is basically the rate at which the Federal Reserve lends money to banks--for a price--which in turn lets banks lend more money to the public--also for a price. Inflation is fought by doing the opposite.
The end result either way is that money gets created from thin air. But one scheme, the stimulus money benefits the public; the other, it's given to the banks--who lend it out and charge interest.
Last edited by Col3_11n12; 6th June 2009 at 12:43 AM.
Thanks for that summation... so now that we have how they do it.. can we figure out who are they?
__________________ Since the Torah is a finite book expressing the will of an infinite God, many lessons must be derivable from each passage from all the infinite angles.
To find out who the governors of the Fed are in detail you can Google a bio on each one. Then you can cross check to find out what other boards they are on and what their vested interests are. Then you can get some idea of who the Fed is looking after. I think you will be seriously concerned once you do all of this. Just as a first, Goldman Sachs seems to specialise in producing the US's elite financial gurus. (Question: who has received the most bailout money from the US taxpayer?)
PS: I love the slogan on the banner of the Fed's website. "The Federal Reserve, the central bank of the United States, provides the nation with a SAFE, FLEXIBLE and STABLE FINANCIAL SYSTEM." (Hahahahaaaa!)
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Psa 2:1 Why do the nations plot, and why do their people make useless plans?
Mat 16:6
And Jesus said to them, Take heed, and beware the leaven (lies) of the Pharisees (law makers) and of the Sadducees (ruling classes).
PS: I love the slogan on the banner of the Fed's website. "The Federal Reserve, the central bank of the United States, provides the nation with a SAFE, FLEXIBLE and STABLE FINANCIAL SYSTEM." (Hahahahaaaa!)
lol
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Originally Posted by George Washington
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Worry is the interest paid by those who borrow trouble.
Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, wrote in 1934:
We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon.
__________________ Since the Torah is a finite book expressing the will of an infinite God, many lessons must be derivable from each passage from all the infinite angles.
The "Federal" Reserve is not actually federal. It is a private corporation owned by a consortium of very large multinational banks.
Except for coins, the government does not create money. Dollar bills (Federal Reserve Notes) are created by the private Federal Reserve, which lends them to the government.
Tangible currency (coins and dollar bills) together make up less than 3 percent of the U.S. money supply. The other 97 percent exists only as data entries on computer screens, and all of this money was created by banks in the form of loans.
The money that banks lend is not recycled from pre-existing deposits. It is new money, which did not exist until it was lent.
Thirty percent of the money created by banks with accounting entries is invested for their own accounts.
The American banking system, which at one time extended productive loans to agriculture and industry, has today become a giant betting machine. An estimated $370 trillion are now riding on complex high-risk bets known as derivatives – 28 times the $13 trillion annual output of the entire U.S. economy. These bets are funded by big U.S. banks and are made largely with borrowed money created on a computer screen.
Derivatives can be and have been used to manipulate markets, loot businesses, and destroy competitor economies.
The U.S. federal debt has not been paid off since the days of Andrew Jackson. Only the interest gets paid, while the principal portion continues to grow.
The federal income tax was instituted specifically to coerce taxpayers to pay the interest due to the banks on the federal debt. If the money supply had been created by the government rather than borrowed from banks that created it, the income tax would have been unnecessary.
The interest alone on the federal debt will soon be more than the taxpayers can afford to pay. When we can't pay, the Federal Reserve's debt-based dollar system must collapse.
Contrary to popular belief, creeping inflation is not caused by the government irresponsibly printing dollars. It is caused by banks expanding the money supply with loans.
Most of the runaway inflation seen in "banana republics" has been caused, not by national governments over-printing money, but by global institutional speculators attacking local currencies and devaluing them on international markets.
The same sort of speculative devaluation could happen to the U.S. dollar if international investors were to abandon it as a global "reserve" currency, something they are now threatening to do in retaliation for what they perceive to be American economic imperialism.
There is a way out of this morass. The early American colonists found it, and so did Abraham Lincoln and some other national leaders: the government can take back the money-issuing power from the banks.
__________________ Since the Torah is a finite book expressing the will of an infinite God, many lessons must be derivable from each passage from all the infinite angles.
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