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Archive for the tag “Federal Reserve”

The Government Wants Your Gold

In this clip from RT’s Capital Account, federal tax practitioner, David Selig, blows the whistle on the US government’s nascent efforts to sink its talons into the gold holdings of American citizens:

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THE TRUTH ABOUT THE FEDERAL RESERVE BANK

The Federal Reserve Bank is NOT actually a lending operation.  IT IS A FIAT PRINTING PRESS.  It is an illegal monopoly on the power to counterfeit fiat paper, as U.S.dollars”.  That’s right, I said COUNTERFEIT.  It is an unconstitutional, and therefore illegal, monopoly on the power to counterfeit “money” into existence, in its own hands of course.  A power that has of course, been unconstitutionally granted to the bank’s owners by the morons (and traitors) in Congress.  The reason why this is all true is because the bank DOES NOT POSSESS THE MONEY THAT IT LENDS, BUT SIMPLY COUNTERFEITS IT OUT OF THIN AIR. Tell me, how do you lend to others, that which you do not actually possess yourself to lend?  Can you lend money that you do not possess to someone who asks for a loan, or for help?  HOW DOES THE FEDERAL RESERVE BANK DO IT?  (By illegal monopoly?)  You don’t really think they actually have ten trillion dollars to lend to the U.S. government, do you?  So how is it possible?  ONLY BY FRAUD AND THEFT.

Also, the Federal Reserve Bank is NOT EVEN actually part of the Federal government.  It is no more Federal than Federal Express, or Federated Department Stores.  It is a private corporation with a legislated monopoly on currency and credit that is allowed to BUY its paper currency for nothing more than the cost of the paper, ink, and labor, from the Bureau of Printing & Engraving (U.S. Treasury).  Originally this added up to about 2.3 cents per note, or $230 of cost to buy one million dollars (10,000 100 dollar bills).  Today the cost is apparently still about the same.

Because of the existence of the Federal Reserve bank and fractional reserve banking system, America is now without any permanent money supply AT ALL, and all of the paper (notes) that we now have and use as money (in place of real money) have been borrowed into existence from this monopoly.  Unfortunately, the “money” to pay the interest on this borrowing has never been created within the system. So the national debts under this system are now inextinguishable.

Also, just as the income tax is the 2nd plank, the Federal Reserve bank is the Fifth plank of the Communist Manifesto.

 

The Federal Reserve bank has never paid a dime in income tax and has never been audited, and a percentage of this private bank is owned (or controlled) by foreigners (or their corporate shells)!!

Can you buy your money for $230 per million ?

Whatever happened to equal opportunity ?  Why are only the Federal Reserve Bankers allowed to buy money?  Does this monopoly make them rich?

“The Federal Reserve Banks are privately owned, locally controlled corporations”
[Lewis vs. U.S., 680 F.2d 1239, 1241](1982)

“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 $230. In addition, the Federal Reserve must secure a pledge of collateral equal to the face value of the notes.”
– William H. Ferkler (Manager Public Affairs, Dept. of Treasury, Bureau of Engraving & Printing, Wash. D.C.

“It is well enough that the 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, Founder of the Ford Motor Co.

I believe that banking institutions are more dangerous to our liberties than standing armies… if the American people ever allow private banks to control the issue of currency…the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent that their fathers conquered.” – Thomas Jefferson  (Ed. – Does this sound familiar ?)

 

Why are private unelected individuals controlling the American currency system ?  Virtually running the entire country, the stock market, the banks, the lending rates, nearly everything ?  Where is any of this in the Constitution?

Do you really believe they are representing We the People with their policies?

If you do, you aren’t thinking clearly!

“All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.” – John Adams

Wouldn’t you like to buy your currency for $230 per million (and have the American People guarantee its full face value, with their own assets)? Well, we won’t do that for Citizens but we do it for a select group of private and foreign bankers.  And then we let them fractionalize the reserves to issue even more fiat money in the form of unbacked credit.  What, you mean your government didn’t teach you about this little arrangement in their propaganda centers (public schools). Can you guess why?

Why is a private corporation cashing your income tax check instead of the Treasury?  The money doesn’t even go to the Federal government?  That’s right, not one penny actually goes into the Treasury! It all goes straight to the Federal Reserve bank to service the debts owed to them because of this monopoly on borrowing money into existence that they use to control the money supply.  These very rich banksters are illegally and unconstitutionally attempting to usurp control and rule over America, its People and their wealth, by unlawfully controlling and manipulating our currency through their ownership of this bank, and using that power to manipulate the national policies of our government and nation !

Because of the existence of this unconstitutional bank (Federal Reserve Bank) and its fractional reserve banking system, every penny of our money supply has been borrowed into existence from this bank and its monopoly on “money” (currency and credit), which includes the sole power to issue money without backing – essentially from nothing but air.

Therefore, when the debt is repaid OUR MONEY DISAPPEARS FROM CIRCULATION, unless the bank re-lends the money BACK out into circulation.  Therefore, when ALL the debts are paid off, America will have no “money” left in circulation and will be bankrupt, or will be completely beholden to the banks for more money.  So it is not only impossible to pay off the debts, because while the principal is printed into existence the money necessary to pay the interest never is created, it is not desirable under the current so-called “money” system, because it will bankrupt the nation.  The so-called “money” system is really nothing more than a sophisticated peonage scam that keeps We the People servicing the debts of the bankers forever in order to have “money” to “use” (rent), that they are allowed to create out of thin air as their private property to lend.  What a scam. But sorry, its not available to you.

Because of this hellish system, AMERICA IS ABSOLUTELY NOW WITHOUT A PERMANENT MONEY SUPPLY (like we used to have in gold and silver coin that never disappeared from the accounting books), and the American People are forever chained and enslaved to the repayment of debts for the loans from the banks of “property” that never existed (in the bank’s name) to be borrowed in the first place!  A monopoly on the power to create “money”. WOW – where is that in the ConstitutionIsn’t that actually prohibited ?

WITHOUT A PERMANENT MONEY SUPPLY IN EXISTENCE, THE ENTIRE NATION IS BEHOLDEN TO THE BANKERS FOR ITS VIABILITY AND SOLVENCY.  AS Thomas Jefferson said: “The issuing power must be taken from the banks and returned to the People where it rightfully belongs”

SOON, because of this so-called banking system (that is really not a banking system at all, but a sophisticated system of peonage (debt service)) ALL OF OUR NATIONAL POLICIES WILL BE DIRECTED BY THE BANKERS, NOT THE GOVERNMENT.  SOME FEEL THAT THIS HAS ALREADY BEEN HAPPENING FOR A WHILE, AND THAT THE CURRENT EVENTS ON CAPITAL HILL CONFIRM DAILY THAT THIS IS NOW UNDENIABLY TRUE !

Do you know what peonage is?  Do you feel like a peon?

You should, because that is the role your government has relegated you to.

The servicing of the debt.

If you are not able to understand what is written above, PLEASE READ THE INFORMATON ARTICLES BELOW UNTIL YOU GET IT !

“AS GOES THE FATE OF THE CURRENCY,
SO GOES THE FATE OF THE NATION !”

 

AND RIGHT NOW,

THEY ARE RUNNING IT OUT !

http://www.tax-freedom.com/ta24000.htm

Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class

Welcome to Capital Account. The accused Federal Reserve bomb plotter’s home country wants details on his case. While this may make headlines, we ask Lew Rockwell of the Ludwig Von Mises Institute about one aspect of the Federal Reserve that has not made front page news: how the Fed, with its printing press, may be making war easier. After all, if the people of the United States were asked to write a check every year to the IRS in order to fund the exploding deficits and rising interest payments on the national debt, would they continue to support all these wars? Randolph Bourne may have famously quipped that “war is the health of the state,” but it isn’t the health of the economy, this is for certain. If the American people could identify their miserable economic plight with the actions of the federal reserve and with the hundreds of billions of dollars spent every year on war and defense, it is reasonable to expect that they would simply refuse the burden all together. We will ask Lew Rockwell, Chairman of the Ludwig Von Mises Institute what he thinks, and if he thinks that war is made easier by a pliant and compliant central bank.

And, sticking with this issue of the Federal Reserve as the great “enabler,” what about it’s role in “disabling” and dismembering America’s dwindling middle class? How responsible is the Federal Reserve and its quantitative easing, zero percent interest rate policy for the plight of America’s economy and its society? The two main contenders for the presidency, Barack Obama and Mitt Romney, speak often about the Fed. The candidates talk about supporting the middle class in terms of tax cuts, loopholes, and regulation but they don’t discuss the “money” in the middle class’s pockets. We ask Lew Rockwell, Chairman of the Ludwig von Mises Institute, about what happens to the middle class if you don’t address savings.

And it’s the 25-year anniversary of Black Monday, but it’s also the 1-year anniversary of Capital Account’s launch! Lauren and Demetri respond to your birthday wishes and more in viewer feedback. Plus one of the more memorable exchanges in Tuesday’s presidential debate was the back and forth over pension plans: Obama told Romney “I don’t look at my pension. It’s not as big as yours so it doesn’t take as long.” President Obama might want to take a look at his pension, as it turns out it holds shares of the Las Vegas Sands corporation, owned by Sheldon Adelson, a major Romney backer. The holdings in his pension also include Domino’s Pizza, Exxon Mobil, China Life Insurance, Halliburton, and Altria (Philip Morris USA). Lauren and Demetri discuss the political landmine in Obama’s pension fund in today’s “Loose Change.” They also discuss Social Impact Bonds and how SIBs have made it easier for businessmen to combine philanthropic goals with business. The SIBs are loans made by investors to pay for a social program, and they require a government to pay a return on their principal investment if the program meets its agreed-upon goals. Lauren and Demetri talk about how SIBs make the market incentive for philanthropy more efficient.

Foreign debt now $47,495 per household

President Barack Obama and Chinese President Hu Jintao on March 26, 2012. (AP Photo/Pablo Martinez Monsivais)

(CNSNews.com) – The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the U.S. Treasury and the Census Bureau.

The portion of the U.S. government’s foreign debt now owed to interests in Mainland China is about $10,090 per household.

At the end of August, the latest period reported by the U.S. Treasury, foreign interests held a total of $5,430,000,000,000 in U.S. government debt. According to the Census Bureau’s latest estimate (which was for June 2012) there were 114,328,000 households in the United States. Therefore, the total U.S. government debt held by foreign interests was about $47,494.93 per household.

Back in January 2009, foreign interests held a total of $3,071,700,000,000 in U.S. government debt. That month, according to the Census Bureau, there were 111,079,000 households in the United States. Therefore the total U.S. government debt held by foreign interests was about $27,653.29 per household.

Since January 2009, the total U.S. government debt held by foreign interests has climbed from approximately $27,653.29 per household to approximately $47,494.93 per household—an increase of about $19,841.64 per household.

Among foreign interests, those in Mainland China hold the largest share of the U.S. government’s debt. The Mainland Chinese, according to the Treasury, owned $1,153,600,000,000 in U.S. Treasury securities as of the end of August.

Back in January 2009, interests in Mainland China held only $739.6 billion in U.S. government debt. That month, the U.S. government owed about $6,658 per American household to interests in China. As of the end of August, the U.S. government owed about $10,090 per American household to interests in China—an increase since January 2009 of about $3,432 per household.

http://cnsnews.com/news/article/us-governments-foreign-debt-now-47495-household

How the Private Bankers Are Using the Financial Crisis to Reshape World Government

Archived from the live Mises.tv broadcast, this lecture was presented by Robert P. Murphy at the Mises Circle in Houston on 14 January 2012.

Rick Santelli: What the Fed Can & Cannot Print

Bill Gross ‘The US is a Debt Meth Addict’

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