How to save $286 billion a year!!!!!!!!!!!!!!

[slenkar]

The federal reserve bank is a private company,
It is the only company to avoid an audit.
It prints our money (for free) and charges interest on it.
We owe the federal reserve our national debt.
The annual interest is around $286 billion a year
2 Presidents have tried to print their own U.S. gov. notes, they were JFK, and Abraham Lincoln. Both were assasinated.
Members of the public are not allowed to own shares in the Federal reserve, all the shares are owned by European banking families.


quote:These stockholders hold Federal Government Obligations which amount to about $5 Trillion Dollars - The U.S. National Debt! Their annual profits from interest payments are over $200 Billion dollars per year!
Quote:Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation, to repeal the Federal Reserve Banking Act of 1913. Congressman Henry Gonzalez, a Chairman of the House Banking Committee, introduced legislation to repeal the Federal Reserve Banking Act of 1913, nearly, every year. It's always defeated, the media remains silent, and the public never learns the truth

 

[slenkar]

The person who pushed for the idea of a federal reserve and was its first chairman was Paul Warburg, who financed hitlers rise to power
http://reformed-theology.org/html/books/wall_street/index.html

 

[AF Brenda]

Members of the public are not allowed to own shares in the Federal reserve, all the shares are owned by European banking families.

From where do you get your information? You list a quote, but don't give the source, unless it is from the Hitler source you linked to.

 

[CarolG]

From www.federalreserve.gov:

On December 23, 1913, the Federal Reserve System, which serves as the nation's central bank, was created by an Act of Congress. The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States.

The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may serve only one full term, but a member who has been appointed to complete an unexpired term may be reappointed to a full term. The President designates, and the Senate confirms, two members of the Board to be Chairman and Vice Chairman, for four-year terms.

Only one member of the Board may be selected from any one of the twelve Federal Reserve Districts. In making appointments, the President is directed by law to select a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country." These aspects of selection are intended to ensure representation of regional interests and the interests of various sectors of the public.

Federal Reserve Banks operate under the general supervision of the Board of Governors in Washington. Each Bank has a nine-member Board of Directors that oversees its operations.
Federal Reserve Banks generate their own income, primarily from interest earned on government securities that are acquired in the course of Federal Reserve monetary policy actions. A secondary source of income is derived from the provision of priced services to depository institutions, as required by the Monetary Control Act of 1980. Federal Reserve Banks are not, however, operated for a profit, and each year they return to the U.S. Treasury all earnings in excess of Federal Reserve operating and other expenses.

 

[slenkar]

Here is what the Government says:
Who Owns the Fed? Banks that hold stock in the Fed are called member banks. All nationally chartered banks hold stock in the Federal Reserve. State-chartered banks may choose to be members, upon meeting certain standards. However, holding Fed stock is not like owning publicly traded stock. Fed stock cannot be sold or traded. Member banks receive a fixed, 6 percent dividend annually on their stock, and they do not control the Fed as a result of owning this stock. They do, however, elect six of the nine members of Reserve Banks’ boards of directors.

So who owns the Fed? Although it is set up like a private corporation and member banks hold its stock, the Fed owes its existence to an act of Congress and has a mandate to serve the public. So the most accurate answer may be that the Fed is “owned” by the citizens of the United States

Notice the wording at the bottom?
Notice how the word owned was put into quotes?
"owned" hmm does that mean not owned?
because not owned would be more accurate.

What the government really means is that banks own the federal reserve.

 

[slenkar]

"Some people think the Federal Reserve Banks are U.S. government
institutions. They are not government institutions. They are private
credit monopolies which prey upon the people of the U.S. for the benefit of
themselves and their foreign and domestic swindlers, and rich and predatory money
lenders." (75 Congressional Record 12595-12603)

William P.G. Harding, Governor of the Federal Reserve Board stated in a speech
delivered before the Washington Chamber of Commerce in1921, :

"From a legal standpoint these banks are private corporations, organized under
a special act of Congress, namely, the Federal Reserve Act. They are not in
the strict sense of the word Government banks." This "special act" by Congress in 1913 is in direct violation of 16 Corpus Juris Secundum, Section 141, which
states that Congress cannot delegate or sign over its authority to any individual,
corporation or foreign nation. Yet that's exactly what occurred in December of
1913 by a select group of individuals in the U.S. Congress. That "special act"
has become the biggest fraud in the history of this country.




William H. Fokler (Manager of Public Affairs, Department of Treasury, Bureau
of Engraving & Printing, Washington DC):


"It is mathematically impossible to pay off the "national debt. As we have
advised, the Federal Reserve is currently paying the Bureau approximately $23
for each 1,000 notes printed. This does include the cost of printing, paper,
ink, labor, etc. Therefore, 10,000 notes of any denomination, including the
$100 note, would cost the Federal Reserve $320. In addition, the Federal
Reserve must secure a pledge of collateral equal to the face value of the notes."


In ordering these notes into existence, by sending a purchase order to the
Bureau of Engraving for 10,000 notes, at a total cost of $230 to the Federal
Reserve, this private banking cartel, not the government of We the People,
thereby obtains a pledge of collateral equal to their face value of $1 million!
This "pledge" is made to the Reserve cartel by Congress and the collateral to
which Congress pledges is the land, labor and assets of the American people.
What a racket!



Basically we are paying interest on the national debt which can never be repayed.
Eventually the privately owned Fed will own most of the property in the country.
Thus reducing us to slaves.

 

[AF Brenda]

Members of the public are not allowed to own shares in the Federal reserve, all the shares are owned by European banking families.

So is it owned by Federally chartered banks or is it owned by European banking families?

 

[slenkar]

98% of the earnings are repayed to the treasury BUT when we pay interest of 286 billion a year that is not counted as 'earnings' but it is counted as 'interest'

The European banking families own the federally chartered banks that own the federal reserve.

Henry Ford, founder of the Ford Motor Company, commenting on the privately
owned "Federal" Reserve scam:

"It is well enough that people of the nation do not understand our banking
and monetary system, for if they did, I believe there would be a revolution
before tomorrow morning."


Henry Ford was awarded a medal from Hitler because of his role in financing Germany's army.
(Ford factories in Germany built half of the tanks for Hitler)



While president, JFK issued an executive order to the Treasury to issue
United States Notes to bypass the Federal Reserve and its Federal Reserve Notes.
But that order was rescinded when JFK was thereafter assassinated

Abraham Lincoln stated:
"The privilege of creating and issuing money is not only the supreme
prerogative of Government, but is the Government's greatest creative
opportunity. By the adoption of these principles, the taxpayers will be
saved immense sums of interest."

 

[Zurg]

Originally posted by slenkar
We owe the federal reserve our national debt.

Dead wrong.

Debt is issued by the Treasury and sold into the market at auction. The debt is owed to the T-note holders - think pension funds, banks etc.

The fed in it's practice of monetary policy buys and sells treasury notes.

If the fed buys treasury notes, it puts money into the banking system. Specificaly it pays money for notes.

If the fed sells notes it takes money out of the system. Specificaly it is paid money for notes.

These actions change the supply of money in the economy. Money is a commodity. It has a price. The price is interst.

The fed effects the price of money, interest, by increasing or drecreasing the supply of money. Cheap money speeds up the economy but can also cause inflation. Expensive money slows down the economy.

Monetary policy is one factor effecting the economy another is fiscal poicy - the spending actions and borrowing of the federal government.

The fed prints currency. The vast majority of money isn't currency. It is bank deposits. Money creation is a fuction of fractional reserves and the banking system. But that's another matter.

(Oh you didn't get any of the other points correct either.)

I wouldn't advise this line of thinking in an economics class exam slenkar, unless you want to take the class again.

 

[slenkar]

If im wrong then why did JFK try to get rid of the federal reserve?


Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered"

The federal reserve is made up of private banks.

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". -- Congressman Louis T. McFadden in 1932 (Rep. Pa)

"We are completely dependant 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.... It is the most important
subject intelligent persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects remedied very soon."
--Robert H. Hamphill, Atlanta Federal Reserve Bank

 

[Zurg]

The European banking families own the federally chartered banks that own the federal reserve.

Were do you get this stuff?

Stop going there!

It is not only wrong it is just fatuous.

Federaly Chartered banks are owned by shareholders. Most shares of most companies, banks included, are held are institutional investors - i.e. pension funds, mutual funds, insurance companies, etc.

In short they, for the most part, are owned by just regular folks via company and union pension funds, iras, 401k etc....

These same people, also know collectively as US, as in all of US working americans, own the national debt. The interst is paid to US.

To our pensions, IRAs, mutual funds, 401k, our nest eggs, oour college funds for our kids (Ok I don't have that last one and I should but that is a micro economic issue not macro economic issue)

Money, as we know it today, is created by a fractional reserves. The supply is regulated by monetary and fiscal policy. Currency, issued by the fed, is not relevant it is a tiny tiny part of what money is and does.

 

[SuiteDisney]

Sic 'em, Zurgy!

 

[slenkar]

Originally posted by Zurg
[Federaly Chartered banks are owned by shareholders. Most shares of most companies, banks included, are held are institutional investors - i.e. pension funds, mutual funds, insurance companies, etc.

In short they, for the most part, are owned by just regular folks via company and union pension funds, iras, 401k etc....

Yes most companies are institutional investors but look at this government quote:
"So who owns the Fed? Although it is set up like a private corporation and member banks hold its stock"
"However, holding Fed stock is not like owning publicly traded stock. Fed stock cannot be sold or traded"

Its member banks hold its stock, and no-one else owns the stock because it cant be sold or traded.


http://www.brillig.com/debt_clock/faq.html

According to this website we owe 40% of the national debt to the federal reserve which could be eliminated if we repealed the federal reserve act of 1913.

 

[Zurg]

So who owns the member banks? - Not that it matters 'cause the members don't make money from the fed, they pay it for services like check clearing, wire transfer, etc.

Bottom line.

You don't know thing one about the Fed, banking, money, or the economy. Who ever fed you this stuff doesn't either.

You are wrong but that is your privilage.

You shouldn't be spreading it around some, impressionable young kid may actualy believe it.

Go to college and take money and banking, most people find it dull but you seem to have an interest (get it interest, money & banking, I kill myself sometimes.)

If you want to believe that some mystic european banking cartel runs the world feel free. Just don't get real worked up over it and feel persecuted 'cause the boggie man under the bed is more of a threat.

Anyone can have a web site - I like the pictures on this one better: http://Badshoe.com

 

[preshi]

He m,ust be yasooa's cousin

 

[vickyBaby]

You keep stating "Here is What the Government says." My response to you, is:

 

[Goofyposter]

yasooa......slenkar....errors,,,,what's the difference?? all of the above is intent on cause'in rankor and disharmony....by..spew'in untruth's....mis-information and stuff that the majority...(not the "moral" majority)...finds disturb'in....all of the above deserve the label of...trouble makers...in MHO.

 

[vickyBaby]

*golf clap for Goofyposter*