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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

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U.S. Sues Bank of America for $1 Billion for Mortgage Fraud

NEW YORK (AP) – The top federal prosecutor in Manhattan sued Bank of America (BAC) for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis.

U.S. Attorney Preet Bharara said Countrywide Financial, which was later bought by Bank of America, churned out mortgage loans from 2007 to 2009 without making sure that borrowers could afford them.

“The fraudulent conduct alleged in today’s complaint was spectacularly brazen in scope,” Bharara said in a statement. He said the suit was partly to recover money that Fannie and Freddie lost from defaulted loans.

Bank of America had no immediate comment.

Countrywide sold the loans to Fannie Mae and Freddie Mac, which were left to pay for the loans when they defaulted, according to the lawsuit. Fannie and Freddie were effectively nationalized in 2008.

According to the lawsuit, Countrywide used a process called “the Hustle,” shorthand for “High-Speed Swim Lane.” The idea was that mortgage loans, as they were being processed, would “move forward, never backward.”

The lawsuit alleged that Countrywide traded quantity for quality and eliminated underwriters, even from mortgage loans for which borrowers did not have to get their income verified.

Instead, loan processors simply entered data into an automated underwriting system, and if the system gave the go-ahead, “no underwriter would ever see the loan,” the lawsuit alleged.

With few checks and balances, there was “widespread falsification” of the data entered into the program, Bharara charged.

Loan processors were given little guidance, the suit said: Checklists for making sure that loans were compliant – for example, assessing whether the income level that a borrower listed was reasonable – were eliminated. Bonuses were based solely on how many loans an employee could process, not the quality.

The lawsuit said that Countrywide executives were aware of the dangerous path they were treading. For example, a quality review in January 2008 showed that 57 percent of Hustle loans went into default.

Instead of notifying Fannie and Freddie, Countrywide instead set about to conceal the quality of the loans it was selling them, the suit said. It said Countrywide even offered a bonus to quality-control workers who could “rebut” the default rates that the review had found.

The lawsuit didn’t give specifics, but it accused Countrywide, and later Bank of America, of selling “thousands” of Hustle loans to Fannie and Freddie. Bank of America bought Countrywide in July 2008.

Fannie and Freddie buy mortgage loans from banks, package them into securities and sell them to investors. The idea is to free up banks to make more loans. If a loan defaults, Fannie and Freddie guarantee payments to the investors.

According to the lawsuit, Fannie and Freddie don’t review the loans before they purchase them. Instead, they rely on banks’ statements that the loans meet certain qualifications.

Bharara said the lawsuit was the first civil fraud suit brought by the Justice Department concerning loans that were later sold to Fannie and Freddie.

http://www.dailyfinance.com/2012/10/24/u-s-sues-bank-of-america-for-1-billion-for-mortgage-fraud/?ncid=webmail6

Ron Paul Outted Drug King Pin George H.W. Bush 25 Years Ago

Ron Paul exposes George H.S. Bush and US Government Drug Trafficking

“Once a CIA member, always a CIA member.”

Watch interview of Ron Paul outting George H.W. Bush as CIA Drug King Pin on August 26, 1988

No one has made it to the White House since Reagan who is not enthusiastic about continuing the bogus drug war.

Some like Bush Sr. and Clinton are documented to have participated in the business first hand.

What does the “Drug War” accomplish:

1. It keeps drug prices sky high for maximum profits for drug criminals, their bankers and money launderers.2. It creates a vast pool of black money that politicians can dip into any time they need it.

3. It keeps a bloated domestic security force employed so they can continue to harass working people and deprive them of basic civil rights.

So who is the leading drug war candidate in this race?

George Bush Sr’s candidate, of course, Mitt RomneyWatch video explaining the mysterious Bush-Romney connection here. . .

http://revolutionpac.com/articles/ron-paul-outted-bush-criminality-25-years-ago

LA Times: Romney’s a drug-money launderer

Why Has Not Only Corporate Media, but also Obama’s Opposition Research Let Romney Slide on his Criminal Associations?

Mitt Romney made his fortune cleaning druglords’ cash

Back in July, the Los Angeles Times – not VT, Infowars or Truth Jihad Radio – broke the story that Mitt Romney is a drug money launderer. How did we all miss this story? (Until John Hankey and then Gordon Duff picked it up.)

Maybe it’s because the Times story never comes right out and says “drug money laundering.” It doesn’t have to.

What the Times article does say translates directly and unambiguously as DRUG MONEY LAUNDERING, in caps, exclamation point.

According to the Los Angeles Times, Romney’s company, Bain Capital, “paid out a stunning 173% in average annual returns over a decade.” “Stunning” is not the word. “Criminal” is more like it.

Bernie Madoff was arrested and went to jail because he was paying 10% annual returns. That’s how it came to light that he was running a criminal enterprise. You just cannot possibly pay 10% returns consistently, year in and year out, with legitimate investments. Never happened, never will.

Ponzi schemes sometimes pay as high as 20% – and soon collapse, and the perps go to jail. But a 173% annual return is far beyond the range of the craziest, most short-lived ponzi scheme.

Romney wasn’t running a ponzi scheme. He was running a drug money laundry. His clients, the Times explains, were shady characters from Panama. Here’s how it works:

A druglord hands Romney, a.k.a. Bain Capital, ten million dollars in cash. Romney puts it on his books as a one million dollar investment in Bain Capital.

At 173% interest, it only takes Romney a few years (officially) to return ten million laundered dollars to the druglord.

When the druglord is asked where he got his ten million dollars, he explains that he made a lucky investment with Bain Capital. And he has the papers to prove it.

Getting caught paying out an average 173% interest over ten years is like getting caught with a hundred pounds of cocaine. If you’re busted with a hundred pounds of cocaine, the presumption is that you’re dealing. If you’re caught paying 173% interest, the presumption is that you’re laundering drug money.

Romney, you are SO BUSTED.

For more information on Mitt Romney’s criminal history, check out John Hankey’s video Mitt Romney Exposed, and listen to my interview with Hankey on Truth Jihad Radio, to be archived soon here.

http://www.veteranstoday.com/2012/10/17/la-times-romneys-a-drug-money-launderer/

CME Chairman Testifies To Congress: “A Senior MF Global Employee Indicated To Us That Mr. Corzine Knew Loans Had Been Made From Customer Segregated Accounts”

This is a must see.  More evidence that Jon Corzine is guilty:

CME Group Chairman Terry Duffy tells the Senate that CEO Jon Corzine knew loans were made from customer accounts – Dec. 13, 2011.

Eric Holder: What the hell else do you need to hear?

The senior employee’s name is undoubtedly Edith O’Brien.

O’Brien is the key to this case and she’s not talking, at least publicly, but that hasn’t stopped Corzine and his lawyers from implicating her for the impermissible transfers to JPMorgan.

She’s not a lightweight:

Ms. O’Brien is considered an expert of sorts on the protection of customer money at futures firms.  In the last year and a half, Ms. O’Brien has made several appearances before the Commodity Futures Trading Commission.  On at least two occasions, she was a panelist at roundtable discussions held at the agency on the topic of safeguarding customer money, and also attended at least three meetings with agency officials, including one titled “Practicalities of Individual Customer Protection.”

Slammed by Corzine:

“I had explicit statements that we were using proper funds, both orally and in writing, to the best of my knowledge,” he told the panel. “The woman that I spoke to was a Ms. Edith O’Brien.”  But JPMorgan was not satisfied. The bank once again contacted Mr. Corzine, this time requesting a guarantee in writing. Mr. Corzine handed the request to his general counsel, Laurie Ferber. Ms. Ferber would not authorize the document, according to one of the people close to the investigation, saying the firm did not offer such special assurances.

Two days later, at about 6 p.m. on Sunday, Oct. 30, Ms. Ferber notified regulators that there was an apparent shortfall in customer money. She blamed an accounting error, according to the CME Group, the firm’s primary regulator and an exchange where it conducted business.

At about 1 a.m., Ms. O’Brien and another executive in Chicago told the exchange that the shortfall in the customer accounts was real, according to the CME.

Continue readng at Dealbook…

Janet Tavakoli adds detail:

Jon Corzine claims he didn’t know about improper transfers of customer funds and of shortfalls in customer accounts until October 30, yet on Thursday, October 27, four days before the bankruptcy and again on Friday, October 28, three days before its bankruptcy, dozens of MF Global customers asked for wire transfers when they closed accounts, and they didn’t get them. Instead, MF Global wrote paper checks and sent the checks via snail mail. The checks bounced, since customers received them after MF Global declared bankruptcy on Monday, October 31.

Clients Raise Questions About MF Global Checks – NY Times Dealbook

MF Global and the Rubber Check – Reuters

More from Janet:

On October 28, JPMorgan didn’t buy Corzine’s story, either. Having been a risk manager myself, I believe Barry Zubrow, JPMorgan’s chief risk officer, did exactly the right thing. He called Jon Corzine to get him to verify that the funds belonged to MF Global and that none of the money was customer money. Zubrow, an outsider, was well aware of the possibility that customer funds had been transferred. It’s implausible that Corzine wasn’t aware of the potential impermissible transfer of customer funds when he gave the authority to make the transfer. By doing its job, JPMorgan removed Corzine’s ability to credibly deny knowledge of the potential problem.

As for JPMorgan, it asked Jon Corzine for a signed letter stating that the transfer was legitimate. He reportedly responded: “Send me the letter and we’ll have our people look at it.” It was disingenuous of Jon Corzine to pass JPMorgan’s letter to Edith O’Brien to sign given that it asked for a sign-off that all “past, present and future” transfers complied with the law. Ms. O’Brien would have been asked to take responsibility for all transfers without having the authority over them. Jon Corzine had the broad authority to sign the letter, but by passing it on, he effectively stalled.

JPMorgan sent additional versions of this letter in response to MF Global’s requests for revisions, but JPMorgan never received a signed letter back.

Eric Holder: Appoint a Special Prosecutor Now.

http://dailybail.com/home/cme-chairman-testifies-to-congress-a-senior-mf-global-employ.html

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