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When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain. – Napoleon Bonaparte
The exploitation of countries and people by central banking goes back hundreds of years with the same results thruought history. The rich prosper while the working people sink further and further into poverty monetarily, and as free men.
Governments become the tools by which the elite rob the people of their wealth and their rights.
Every law that is passed by its very nature acts to make something which was formally legal, to now be illegal.
This process continues until the people out of sheer desperation, rise up and revolt against the powers that have stolen their freedom, rights, property, and their ability to support themselves.
Today is no different, our economy is controlled by a private corporation whose board is composed of for profit banking corporations.
"we conclude that the [Federal] Reserve Banks are not federal … but are independent privately owned and locally controlled corporations… without day to day direction from the federal government". – 9th Circuit Court
Tell it to Ron Paul. It seems he's a fan of complete rubbish.
Your Supreme Court citation by the way is totally out of its original and proper context. It was made with respect to specific definitions of ownership as set out in the Federal Tort Claims Act of 1947 with regard to whether a plaintiff had merit in a suit filed against the Fed for damages suffered in a traffic accident. There is no further relevance involved. Didn't your source mention that?
Last edited by oaktonite; 05-15-2013 at 09:55 AM..
Fiat currency printed "out of thin air" has *purchasing* power (credit).
(They can print the currency, but cannot print its value)
Currency someone receives *after* working, has BUYING power.
Employee's energy and labor/skills created the value, allowing the currency to contain buying power).
When someone *purchases* a home, their credit is turned into the fiat currency printed "out of thin air".
Fees are attached, but since fiat currency is valueless, with fees it becomes negative value (debt).
When this so called debt is collected from homeowner, currency containing *buying* power is collected. That is how homeowner is paying for their house, using their own energy and labor to create currency with 'buying' power.
The credit monopoly agencies calling themselves "banks" profit by turning homeowners credit into the fiat currency then attach fees. They collect currency back with value (buying power) to replace the fiat currency only having *purchasing* power (credit)
The credit monpoly institutions that call themselves banks, do not give any value as a loan. They are just turning homeowners credit into the currency and pretend to be giving something of value. They are giving homeowner's an illusion, not a loan.
Also, dont fall for the money deception. The FR notes are not money, they are the notes/reminders to pay money. Money is gold and silver.
Some may think this is petty, however, by calling the fiat currency "money", you may not understand where the value for the fiat currency is coming from--> you.
They supply the currency, employees supply the value. They are not mentioning that part of the con-tracts.
Tell it to Ron Paul. It seems he's a fan of complete rubbish.
Your Supreme Court citation by the way is totally out of its original and proper context. It was made with respect to specific definitions of ownership as set out in the Federal Tort Claims Act of 1947 with regard to whether a plaintiff had merit in a suit filed against the Fed for damages suffered in a traffic accident. There is no further relevance involved. Didn't your source mention that?
In that case you will have no problem showing that the Federal Reserve is a government agency and under control of government and the people.
It's okay, folks. The Fed is a private organization, owned by the member banks. That much is true.
But here's what else is true. The Fed transfers nearly all of its profits to the Treasury.
It is the only "private corporation" that literally pays a 97% tax rate.
Isn't having context wonderful?
The Federal reserve is really not concerned with making a profit per se, it is interested in controlling the economy to the benifit of its member banks.
A good example is the current situation where banks can borrow from the Fed and purchase Treasuries with that borrowed money making profits from Fed policy.
In that case you will have no problem showing that the Federal Reserve is a government agency and under control of government and the people.
Hello? Despite communiques from the mothership that you may have seen reported, nobody owns the Fed. Both the Board of Governors and the system of Federal Reserve Banks were created by Congress and are subject to legislative mandates, limits, and controls. The Board is appointed by the President and confirmed by the Congress. All people who work at the Board are federal employees. Not so at the banks which are quasi-independent implementing entities that operate under the direct guidance and supervision of the Board. The Fed does not receive an appropriation of funds from Congress, but instead pays its bills out of earnings on assets that it holds as part of carrying out its missions. Any excess of these earnings over costs is remitted to the US Treasury.
Forced to guess on the matter, I would assume that you have been misled by the corporate-like operating structure of the individual FRB's and the fact that member banks are required to hold dividend-paying "stock" in an FRB. This "stock" is quite different from corporate stock you may be familair with. It represents membership, not ownership. As noted, its purchase is required by law and it cannot be sold, traded, or pledged as credit security.
And your Supreme Court citation was indeed taken entirely out of its proper context and used to imply something far beyond the scope of the actual case and decision.
Last edited by oaktonite; 05-16-2013 at 11:14 AM..
It's okay, folks. The Fed is a private organization, owned by the member banks. That much is true. But here's what else is true. The Fed transfers nearly all of its profits to the Treasury. It is the only "private corporation" that literally pays a 97% tax rate. Isn't having context wonderful?
Having the facts is more wonderful thing, and you are woefully short of those. The Fed is an entity of the national government. The idea that it is privately owned or controlled is a Looney-Tunism.
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