Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Our current monetary system is one big scam to benefit the Banksters.
Our currency used to be backed by Gold, but now it is backed by nothing which gives the elite (Federal Reserve) the ability to print infinitely with the bankers reaping the benefits from the interest payments.
Who are the stock holders in the Federal Reserve anyway?
Coinage Act of 1792 defines the unit dollar as a silver coin with approx. 0.77 ounces of pure silver.
Title 12 USC Sec. 411 defines a dollar bill as an IOU redeemable in lawful money. (Notes, by definition, are debt, not "backed" as are certificates)
In 1933, Congress repudiated that promise to redeem their IOUs.
Coincidentally, FDR and Congress also declared a State of Emergency... we have lived under for 80 years.
Coinage Act of 1792 defines the unit dollar as a silver coin with approx. 0.77 ounces of pure silver.
Title 12 USC Sec. 411 defines a dollar bill as an IOU redeemable in lawful money. (Notes, by definition, are debt, not "backed" as are certificates)
In 1933, Congress repudiated that promise to redeem their IOUs.
Coincidentally, FDR and Congress also declared a State of Emergency... we have lived under for 80 years.
In history? No hyperbole there. Why not just say in the history of the whole universe going back to the big bang and until the universe collapses back on itself or until all matter dissipates into the ether?...then I might believe it.
The biggest scam is that we are paying interest on money that we create from the Federal Reserve.
Created by the Banksters in 1913 to enrich the few at the expense of the many.
Who Owns the Federal Reserve Banks
Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank's district. Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president.
Mullins reported that the top eight stockholders of the New York Fed were, in order from largest to smallest as of 1983, Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York (Mullins, p. 179).
Together, these banks owned about 63 percent of the New York Fed's outstanding stock. Mullins then showed that many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy. Mullins explained,
The day the dollar was taken off the gold standard was the day that Banksters were given the ability to steal from everyone by printing more dollars backed by nothing.
Our current monetary system is one big scam to benefit the Banksters.
Our currency used to be backed by Gold, but now it is backed by nothing which gives the elite (Federal Reserve) the ability to print infinitely with the bankers reaping the benefits from the interest payments.
Who are the stock holders in the Federal Reserve anyway?
Do you think basing money on gold...a rock, makes anymore sense? Money...in what ever form, is an acknowledgement of a service or a good provided.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
