The Federal Reserve is quite possibly the biggest scam in history...

[King Cobra]

Just in case you didn't know the Federal Reserve is a private company of bankers with twelve branch banks that confiscate our money and they have been doing this for almost a hundred years,--- this time! They are not part of the United States Government. Yet today they collect hundreds of billions of dollars from American taxpayers every year.

Pay attention now, you're about to read about the biggest and most successful scam in History.

Mayer Amchel Rothchild (1743-1812)
"Let me issue and control a nation's money, and I care not who writes its laws" --- Meyer Rothschild


A Little History Lesson

Alexander Hamilton
It was Alexander Hamilton who lobbied for the first privately owned Federal Bank, and in 1789 Congress chartered the bank.

Thomas Jefferson
Thomas Jefferson was adamantly opposed to the idea of a privately owned federal bank and said " I sincerely believe the banking institutions having the issuing power of money are more dangerous to liberty than standing armies".

James Madison
In 1811, under President James Madison, Vice President George Clinton broke the tied vote in congress to cast the bankers out refusing to renew the charter for the bankers. Unfortunatly it was President Madison who proposed a second United States privately owned Central bank and it came into existence in 1816

Andrew Jackson
.However, in 1836 President Jackson, overriding Congress, closed it commenting, "The bold effort the present bank had made to control the government are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it." (we now have another one like it)

Andrew Jackson also said, when speaking to the bankers: "You are a den of vipers and thieves. I intend to rout you out, and by the eternal God I will rout you out."

Martin Van Buren
When speaking to his closest friend, Martin Van Buren, Jackson said, "The bank, is trying to kill me, but I will kill it!" (and he did)

The first two Federal Reserve Systems lasted about 20 years each and we are now almost a hundred years into the third one.

Woodrow Wilson
The year is now 1913, the year after Woodrow Wilson was elected president of the United States. Prior to his election he needed financial support to pay for his campaign, so he reluctantly agreed, that if elected, he would sign the Federal Reserve Act, in return for that financial support.

In December 1913 while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and was later signed by President Wilson. At a later date, Wilson admitted with remorse, when referring to the Fed."I have unwittingly ruined my country".

Now Comes the Income Tax! !!!

We didn't have nor did we need an income tax until we got the bankers back. The income tax was only needed to pay interest to the bankers for our money that they loan to our government. Yes, you read that right, the Fed, mostly on paper and computer, creates money or pays the treasury a small printing fee for currency, and then loans this money to our government. Our taxes pay them interest on this loan that cost the FEDS virtually nothing to make, what a sweetheart of a deal they have going for them.

As of March 6, 2006, the national debt stands at 8.2 trillion dollars. The American taxpayers have paid the FED banking system $173,875,979,369.66 in interest on that debt in just five short months, from October, 2005, through February, 2006. No con artist or group of con artists in history has ever perpetrated a scam that even approaches the scope of this one.

According to the two volume work by Bill Benson and Red Beckman , "The Law That Never Was" the 16th amendment, which created the IRS, was never properly ratified, not even by one state! These gentlemen traveled the then 48 states to verify that fact. So in a very real sense the income tax isn't legal, as many have proclaimed, but try not paying it and see how far you get before the Feds come after you and confiscate everything you own.

HENRY FORD
Henry Ford once said "It is well enough that 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".

Federal Reserve Bank, Minneapolis,Minnesota (See photo at right)

In the nearly 100 years of the existence of the Fed, it has NEVER been audited and they don't pay income tax on the billions of dollars they take from us.

According to Congressional record the U.S. Government can buy back the FED at any time for $450 million. That's about half the amount of money we pay them daily.

Do we have the most stupid and/or the most corrupt leaders in the world, or what? It seems their # 1 concern is getting re-elected, they seem to think nothing of shirking their responsibilities to the people who elected them to their powerful prestigous high paying jobs.

Congress likes the Fed because they can spend all they want with no restraints, they just put our children, grandchildren and great-grandchildren into debt.

A Federal Reserve note is just what it looks like, it's just a piece of paper with no backing whatsoever. This is why Congress hates gold and silver backed money, it forces them to live within their means. Of course they also get other perks from the Fed. perks far too numerous to mention here.

Article 1, section 8, of the Constitution reads:
The Congress shall have the Power.....To coin Money, regulate the Value thereof,....
Nowhere in that document does it give Congress the authority to delegate this responsibility to anyone, much less a bunch of private bankers.

It may be that you were never a big fan of John F. Kennedy, but you may see him in a different light after you learn how he took on the FEDS. He had the foresight to see what a bad deal had been struck in the creation of the Federal Reserve. He also had the courage to do something about it.which unfortunately, may have cost him his life.

On June 4, 1963, President Kennedy signed a Presidential decree, Executive Order 11110. This order virtually stripped the Federal Reserve Bank of its power to loan money to the United States Government at interest. President Kennedy declared the privately owned Federal Reserve Bank would soon be out of business. This order gave the Treasury Department the authority to issue silver certificates against any silver in the treasury. This executive order still stands today. In less than five months after signing that executive order President Kennedy was assassinated on November 22, 1963.

Photo taken about 2 minutes before JFK was assassinated (Photo at right)

The United States Notes (silver certificates) he had issued were taken out of circulation immediately. Federal Reserve Notes continued to serve as the legal currency of this nation. It is estimated that 99% of all U.S. paper currency circulating in 1999 are Federal Reserve Notes.

Lincoln also took on the bankers and that brave bold step may also have cost him his life.

During the Civil War (from 1861-1865), President Lincoln needed money to finance the War for the North. The Bankers were going to charge him 24% to 36% interest. Lincoln was horrified and greatly distressed, and he would not think of plunging his beloved country into a debt that the country would find impossible to pay back.

So Lincoln advised Congress to pass a law authorizing the printing of full legal tender Treasury notes to pay for the War effort. Lincoln recognized the great benefits of this issue. At one point he wrote: "... (we) gave the people of this Republic the greatest blessing they have ever had - their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks". Lincoln had printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service empoyees, and bought supplies for the war.

Lincoln was assassinated shortly after the war and Congress revoked the Greenback Law and enacted, in its place, the National Banking Act. The national banks were to be privately owned and the national bank notes they issued were to be interest-bearing. The Act also provided that the Greenbacks should be retired from circulation as soon as they came back to the Treasury in payment of taxes.

Follow The Money!!!
When you follow the money you find there was no-one in the world who had a better reason to kill these two Presidents than the bankers. It seems inconceivable that anyone could still think there was no conspiracy in the assassination of JFK, especially when you consider the many people that were murdered or had suspicious deaths and who were associated in some way with Kennedy's assassination.

Is this proof?
NO

Is this strong circumstantial evidence?

YOU DECIDE

Concern Without Action Is A Waste Of Time!! The Federal Reserve, United Nations, Council of Foreign Relations, Trilateral Commission, the Illuminati, the Bilderbergers and other elites of the hidden government are leading us into The New World Order and they are leading us fast. You are not going to like it when we get all the way there , and we are over half way there now.

Only we can save this Republic!!!

This article was written by my friend Norman Chenoweth. He graciously consented to allow me to edit it down to a more appropriate size for making into a web page. He also allowed me to add a few words of my own throughout the article. I can only hope that everyone I send this web page to will read it and share it with others, the American people deserve to know these facts about the FEDERAL RESERVE SYSTEM.

Yes, I copied and pasted. That's the way of the future.

[King Cobra]

Here's a video on youtube for those who wanna check it out.

http://www.youtube.com/watch?v=iYZM58dulPE

[TTsixxer]

WHat is your point in life? Seriously, why do you try so hard? Go get help man, and while you're at it, move out of this country you hate so much.

[BusaDave]

Originally Posted by TTsixxer

WHat is your point in life? Seriously, why do you try so hard? Go get help man, and while you're at it, move out of this country you hate so much.

At least he is now focused on something much more plausible.

[icarus]

Originally Posted by BusaDave

At least he is now focused on something much more plausible.

Yeah i have to say that post of his might be worth further research.

[TTsixxer]

Too bad he went back to aliens on the other post.

[DEMIAN1970]

That is not a secret. You didn't uncover some huge scandal here.
Why don't you do a post on the Illuminati?

[hybrid]

I find that entirely plausible...............unfortunately I dont have the resources to verify any of the information.

[psudy]

How is the Federal Reserve System structured?
The Federal Reserve System has a structure designed by Congress to give it a broad perspective on the economy and on economic activity in all parts of the nation. It is a federal system, composed basically of a central, governmental agency--the Board of Governors--in Washington, D.C., and twelve regional Federal Reserve Banks, located in major cities throughout the nation. These components share responsibility for supervising and regulating certain financial institutions and activities; for providing banking services to depository institutions and to the federal government; and for ensuring that consumers receive adequate information and fair treatment in their business with the banking system.

A major component of the System is the Federal Open Market Committee (FOMC), which is made up of the members of the Board of Governors, the president of the Federal Reserve Bank of New York, and presidents of four other Federal Reserve Banks, who serve on a rotating basis. The FOMC oversees open market operations, which is the main tool used by the Federal Reserve to influence money market conditions and the growth of money and credit.

More information

Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.

As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

[bugeyed]

I have to side with King Cobra on this one. Federal Reserve is truly a racket, the creation of which coincides with the onset of the income tax in the United States. Before the Fed there was no income tax. There is a reason for this. In order to create a demand for fictitous money, people must be required to pay their taxes with that money. So the Federal Reserve completely depends on the government force to justify its existence. Moreover, a huge chunk of your tax money goes to pay "interest" on money created out of thin air by this PRIVATELY OWNED instution. Imagine the power to create money out of thin air, loan it to the public, and then demand it back with interest. The official note is that it is "non-profit" well, that's bullshit. It is completely for profit since the Fed always demands their fictitous money back with interest, and the interest itself is not created and injected into the system by the fed. That's why every business that pays back their loans to their bank does so at the expense of another business that cannot. Someone else must always go bankrupt or be thrust into poverty in order for someone else to succeed. This has created a cut-throat society where people are constantly pitted against each other. There's probably no single body of institution in the history of the planet that has caused more human suffering than the Federal Reserve system. Get rid of it and you will get rid of the IRS and a whole host of nasty bodies whose sole purpose is to enforce a system where you have a few number of super rich people at the top fucking everyone else.

[psudy]

Try reading the post above again. Its not privately owned, it did not create itself, congress created it, and the Fed does not lend money to individuals, or businesses, its a short term lender to financial institutions. Banks do not make money when when people go bankrupt, its quite the opposite. Nobody wins when businesses fail.

[bugeyed]

Originally Posted by psudy

Try reading the post above again. Its not privately owned, it did not create itself, congress created it, and the Fed does not lend money to individuals, or businesses, its a short term lender to financial institutions. Banks do not make money when when people go bankrupt, its quite the opposite. Nobody wins when businesses fail.

If they are non-profit, why do they demand interest back with their loans then?

FEDERAL RESERVE ACT

SECTION 7—Division of Earnings

Dividends and Surplus Fund of Reserve Banks

(a)(1)(A) After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend of 6 percent on paid-in capital stock. (ed. Well are these dividends a form of profit or not? My understanding that "dividends" means a division of profit among shareholders. Where did this "profit" come from, or was that created out of thin air too?)

(B) The entitlement to dividends under subparagraph (A) shall be cumulative.

(2) That portion of net earnings (ed. net of what? What earnings? Isn't this supposed to be a non-profit institution?) of each Federal reserve bank which remains after dividend claims under subparagraph (1)(A) have been fully met shall be deposited in the surplus fund of the bank.

(b) Transfer for fiscal year 2000.

(1) The Federal reserve banks shall transfer from the surplus funds of such banks to the Board of Governors of the Federal Reserve System for transfer to the Secretary of the Treasury for deposit in the general fund of the Treasury, a total amount of $3,752,000,000 in fiscal year 2000.

(2) Of the total amount required to be paid by the Federal reserve banks under paragraph (1) for fiscal year 2000, the Board shall determine the amount each such bank shall pay in such fiscal year.

(3) During fiscal year 2000, no Federal reserve bank may replenish such bank's surplus fund by the amount of any transfer by such bank under paragraph (1).

[12 USC 289. As amended by acts of March 3, 1919 (40 Stat. 1314); June 16, 1933 (48 Stat. 163); Aug. 10, 1993 (107 Stat. 337); Sept. 23, 1994 (108 Stat. 2291); and Nov. 29, 1999 (113 Stat. 1501A-304), which added this subsection (b) but failed to redesignate existing subsection (b) (12 USC 290).]

Use of Earnings Transferred to the Treasury

(b) The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury. (ed. in other words, the PROFIT in excess of DIVIDENDS already paid out ot private member banks is only to to be used by the Treasury to either pay off government debt to Federal Reserve or buy gold as collateral of their debts to the Federal Reserve. So the treasury here has two choices, they can cancel their debts of borrowed fiction money created out of thin air by the fed by giving the fed money back that the fed gave them already, or they can buy the fed gold. Isn't it a neat trick that you can create money out of thin air, and then demand people you loaned it to buy real money, gold, with it as collateral to their debt to you?) Should a Federal reserve bank be dissolved or go into liquidation, any surplus remaining, after the payment of all debts, dividend requirements as hereinbefore provided, and the par value of the stock, shall be paid to and become the property of the United States and shall be similarly applied. (So in other words, if the dollar becomes worthless, the bankers will get off scott free with their gold the Treasury bought for them while US citizens are left holding the bag)

[12 USC 290. Part of original Federal Reserve Act; not amended. Designated subsection (b) by act of Aug. 10, 1993 (107 Stat. 337).]

Exemption from Taxation

(c) Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. (ed. why does this not surprise me? Tax these rich windbags? Unheard of!)

[12 USC 531. Part of original Federal Reserve Act; but in effect amended by 31 USC 3124(a), which reads as follows:

“(a) Stocks and obligations of the United States Government are exempt from taxation by a State or political subdivision of a State. (By "obligation" I assume they mean money owed to the Fed - principle and interest, the former created out of thin air, the latter not created at all - by the US Taxpayers. Otherwise, this would be another tax on dare I say - the PROFIT of the Federal Reserve owners? ) The exemption applies to each form of taxation that would require the obligation, the interest on the obligation, or both, to be considered in computing a tax, except—

(1) a nondiscriminatory franchise tax or another nonproperty tax instead of a franchise tax, imposed on a corporation; and

(2) an estate or inheritance tax.”

Designated subsection (c) by act of Aug. 10, 1993 (107 Stat. 338


http://federalreserve.gov/generalinfo/fract/sect07.htm


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Assuming you bothered to read that, you still have to explain why, if this institution is NON PROFIT, it would require interest on the money it loaned out to the US public.

[bugeyed]

As for the Fed not being a private institution, that's nonsense, the Fed is owned by the member banks who have SHARES OF STOCK in the Federal Reserve. The member banks themselves are privately owned. Citibank, Chase, Wachovia, all these banks are privately owned and they all hold shares of stock in the Federal Reserve. If you want to know who owns the Federal Reserve, find out who the owners are of the largest private banks are.