Anytime you hear the term 'The FED' just replace it with 'The IBBPP' (International Billionaire Bankers Printing Press) (Congress, enemy)

[KRAMERCAT]

Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system.

1) The Rothschild Family - London 2) The Rothschild Family - Berlin 3) The Lazard Brothers - Paris 4) Israel Seiff - Italy 5) Kuhn-Loeb Company - Germany 6) The Warburgs - Amsterdam 7) The Warburgs - Hamburg 8) Lehman Brothers - New York 9) Goldman & Sachs - New York 10) The Rockefeller Family - New York

Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy." He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions

1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.3%

2) Citbank - 4,051,851 shares - 20.5%

Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our "selected" officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

Where does the money come from?

We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let's remember one thing about the very essence of banking - primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).

So, with that in mind, let's look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in "Why A Bankrupt America"). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here's the catch - 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can "create" a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.00! That's not a bad deal, huh!

The banking industry calls this process "seignorage." I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people's money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I'm no genius, but who do you think is getting screwed in this process? US - the people at the bottom rung of the ladder.


Who Controls The Federal Reserve System?

[AONE]

I am all for doing away with the Fed. I am not one that believes some group of bankers has made off with the gold in Fort Knox... Guess they have all the money so they could buy it.

[jetgraphics]

Originally Posted by KRAMERCAT

We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government.

What "we" all know is not what is in the law.

Money Reference:
Article 1, Section 8. U.S. Constitution.
The Congress shall have Power
...To borrow Money on the credit of the United States;
...To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Article 1, Section 10. U.S. Constitution
No State shall ... coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any ... Law impairing the Obligation of Contracts, ...

Note: only gold and silver coin PAY DEBT. And if Congress had the power to create money, it wouldn't need the power to borrow it. Congress can only coin money (stamp bullion).


TITLE 12,CHAPTER 3,SUBCHAPTER XII,sec. 411. Issuance to reserve banks; nature of obligation; redemption
" Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized. The said notes shall be obligations of the United States and shall be receivable by all national and member banks and Federal reserve banks and for all taxes, customs, and other public dues. They shall be redeemed in LAWFUL MONEY on demand at the Treasury Department of the United States, in the city of Washington, District of Columbia, or at any Federal Reserve bank."

The dollar bill (FRN) is an IOU, issued on the authority of Congress to BORROW money.
Ahem - where's the lawful money lent to the Congress?

LAWFUL MONEY - "The terms 'lawful money' and 'lawful money of the United States' shall be construed to mean gold or silver coin of the United States..."
Title 12 United States Code, Sec. 152.

"Dollars, or units; each to be of the value of a Spanish milled as the same is now current, and to contain three hundred and seventy-one grains and four-sixteenths parts of a grain of pure, or four hundred and sixteen grains of standard, silver."
"Eagles—each to be of the value of ten dollars or units, and to contain two hundred and forty-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold."
--- Sec. 9, Coinage Act of 1792, January 1792

According to Title 31 of the U.S. code, a silver dollar complies with the original Coinage Act.

31 USC Sec. 5112. Denominations, specifications, and design of coins
(e)(1) ...weight 31.103 grams;
(e)(4) have inscriptions ... 1 Oz. Fine Silver ... One Dollar

Fort Knox Depository (allegedly) holds 147.4 million ounces of gold bullion, if coined, would amount to approximately 3 billion dollars (pursuant to the Coinage Act).
World wide bullion is estimated at 5.5 billion ounces, which computes to 110 billion dollars.
Where's the 12 trillions in gold coin, lent to the Congress?
[Don't confuse the dollar bill price for gold bullion. Dollar bills were repudiated in 1933, and have no par value - they're worthless.]

REAL MONEY - Money which has real metallic, intrinsic value as distinguished from paper currency, checks and drafts.
Black's Law Dictionary, Sixth Ed. p. 1264

MONEY - In usual and ordinary acceptation it means coins and paper currency used as a circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 319, 133 S.W. 2d 74, 79, 81.
Black's Law Dictionary, Sixth Ed. p. 1005

NOTE - An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of money at a specified time. An instrument that is a promise to pay other than a certificate of deposit. U.C.C. 3-104(2)(d)
Black's Law Dictionary, Sixth Ed. p. 1060

TENDER - An offer of money ... Legal tender is that kind of coin, money, or circulating medium which the law compels a creditor to accept in payment of his debt, when tendered by the debtor in the right amount.
Black's Law Dictionary, Sixth Ed. p. 1467

[Note: FRNs are legal tender on the obligated party of those notes - the Federal government. . . AND the 305 million enumerated socialists.]

"Federal reserve notes are legal tender in absence of objection thereto."
MacLeod v. Hoover (1925) 159 La 244, 105 So. 305

All duly enumerated American socialists cannot object to the tender of the notes that THEY are obligated parties to. (thanks to FICA)

Recapping:

• Lawful money = gold / silver coin (aka real money)
• Money = lawful money or currency (i.e., certificates which are receipts for real money in the vault)
• Notes are not money, by law

The soon to be 14 trillion dollar public debt cannot be paid with debt instruments (FRNs). There is not enough gold bullion in the world to pay it. Nor can Congress question its validity despite being impossible to repay.

14th amendment, Section 4. The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

What does it really mean?
The American people have been systematically robbed for over 3 generations by usurers and by profligate idiots in the government, who blindly entered into impossible contracts, that can not be questioned, and who have instituted socialist chains that no recipient dare rip off.

Welcome to the United Socialist States of America, soon to be the People's Democratic Socialist Republic of America.

[jetgraphics]

If you were wondering why the FEDERAL RESERVE CORPORATION runs the U.S.A., you may be interested in reading:
Senate Report 93-549 1973
REPORT OF THE SPECIAL COMMITTEE ON THE TERMINATION OF THE NATIONAL EMERGENCY

Emergency Powers Statutes, Senate Report SR 93-549, November 19, 1973

Since March 9, 1933, the United States has been in a state of declared national emergency. In fact, there are now in effect four presidentially-proclaimed states of national emergency: In addition to the national emergency declared by President Roosevelt in 1933, there are also the national emergency proclaimed by President Truman on December 16, 1950, during the Korean conflict, and the states of national emergency declared by President Nixon on March 23, 1970, and August 15, 1971.

These proclamations give force to 470 provisions of Federal law. These hundreds of statutes delegate to the President extraordinary powers, ordinarily exercised by the Congress, which affect the lives of American citizens in a host of all-encompassing manners. This vast range of powers, taken together, confer enough authority to rule the country without reference to normal Constitutional processes.

Under the powers delegated by these statutes, the President may:
seize property; organize and control the means of production; seize commodities; assign military forces abroad; institute martial law; seize and control all transportation and communication; regulate the operation of private enterprise; restrict travel; and, in a plethora of particular ways, control the lives of all American citizens.

A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years [1933-1973], freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency. The problem of how a constitutional democracy reacts to great crises, however, far antedates the Great Depression.
--------------------------
It's now 2010. Seventy seven years of "Emergency" rule, and still the government is unable to return to the original limitations and duties spelled out in their compact - the United States Constitution.

This emergency, in effect since the Congress defaulted on their legal obligation to do the impossible, has plagued the nation and its people. It may explain why Congress won't declare wars, despite allowing Americans to be sent into harm's way, and financially ruining the people with the cost.

The vast majority of Americans have been kept in ignorance, and despairing of their decline, have been manipulated by clever predators.

Know this - until the American people realize what the enemy is doing, and who the enemy is, the #1 enemy is looking back at them in the mirror.