Most people don’t know — nor would they care — that the Federal Reserve Bank of the United States is not a part of the Federal government, or at least not a part that would make sense to anyone. Here is the confused nonsense that Wikipedia has to say about the legal status of the Federal Reserve. Anyone who can make any sense of the gobbledygook below please feel free to elaborate in the comment section.
The twelve regional Federal Reserve Banks were established as the operating arms of the nation’s central banking system. They are organized much like private corporations—possibly leading to some confusion about ownership.
The Federal Reserve Banks have an intermediate legal status, with some features of private corporations and some features of public federal agencies. The United States has an interest in the Federal Reserve Banks as tax-exempt federally created instrumentalities whose profits belong to the federal government, but this interest is not proprietary. In Lewis v. United States, the United States Court of Appeals for the Ninth Circuit stated that: “The Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations.” The opinion went on to say, however, that: “The Reserve Banks have properly been held to be federal instrumentalities for some purposes.” Another relevant decision is Scott v. Federal Reserve Bank of Kansas City, in which the distinction is made between Federal Reserve Banks, which are federally created instrumentalities, and the Board of Governors, which is a federal agency.
Regarding the structural relationship between the twelve Federal Reserve banks and the various commercial (member) banks, political science professor Michael D. Reagan has written that:
… the “ownership” of the Reserve Banks by the commercial banks is symbolic; they do not exercise the proprietary control associated with the concept of ownership nor share, beyond the statutory dividend, in Reserve Bank “profits.” … Bank ownership and election at the base are therefore devoid of substantive significance, despite the superficial appearance of private bank control that the formal arrangement creates.”
The Federal Reserve is not really “federal” or a “reserve” but a government-licensed monopolist money creator. The Federal Reserve collects interest on the money it creates and lends to the federal government. A few hard money advocates point out that it’s in the interest of this private, government-enabled cartel to keep the dollar game going. After all, the dollar is this private company’s “product” and they want to make sure there’s still a demand for it.”
So it’s important to note that the Federal Reserve not only is “tax-exempt”, they in fact earn interest on the money they print out of thin air — now about $trillion a year — and then lend to the US government so they can buy the bad debt of “too big to fail banks” like Goldman Sachs, etc, as well as aiding and abetting other central banks and sovereign wealth funds. The private banks receiving this free money are, the trickle-down theory goes, supposed to lend this money to hard working people like you so you can build a business. When was the last time you qualified for a low-interest loan to start a business?
Instead, we all know these private banks take the free money given to them by the US government and speculate in the stock market, creating profits by inflating an asset bubble which will then crash, leaving millions of retirees without any savings while the bankers collect $multi-million dollar bonuses and buy back the stock they sold when the bubble was bursting.
It’s a beautiful job if you can get it, a great business to be in this Federal Reserve. The greatest con ever perpetrated upon the American people. Here’s what Dr. Mercola has to say about this criminal enterprise.
“The greatest scam in history has been exposed — and has largely been ignored by the media. In fact, it’s still going on.
The specifics of a secret taxpayer funded “backdoor bailout” organized by unelected bankers have been revealed. The data release revealed “emergency lending programs” that doled out $12.3 trillion in taxpayer money ($16 trillion according to Dr. Ron Paul) — and Congress didn’t know any of the details.
According to the Public Record:
“The Federal Reserve was secretly throwing around our money in unprecedented fashion, and it wasn’t just to the usual suspects like Goldman Sachs, JP Morgan, Citigroup, Bank of America, etc.; it was to the entire Global Banking Cartel. To central banks throughout the world: Australia, Denmark, Japan, Mexico, Norway, South Korea, Sweden, Switzerland, England … We are talking about trillions of dollars secretly pumped into global banks, handpicked by a small select group of bankers themselves. All for the benefit of those bankers, and at the expense of everyone else.””
The greatest scam in history. And you are the scamee.
“the Federal Reserve has engaged in some $16 trillion-worth of transactions, one-third of which were with banks overseas.
As Dr. Paul points out, there’s no doubt that foreign banks have been major recipients of Federal Reserve funds.
“We want to know the details of what the agreements were,” Paul says, “and whether any of that money will be recouped.”
Why is the Federal Reserve of the US giving money to foreign banks? Where is that money going, who is profiting from it, and why is it being stolen from the American people without their knowledge?
Here are some interesting quotes to ponder.
“From now on, depressions will be scientifically created.” —Congressman Charles A. Lindbergh Sr., 1913
“The high office of the President has been used to foment a plot to destroy the American’s freedom and before I leave office, I must inform the citizens of this plight.” —President John Fitzgerald Kennedy – In a speech made to Columbia University on Nov. 12, 1963, ten days before his assassination!
“You are a den of vipers! I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.” —U.S. President Andrew Jackson (1829-1837)
“Government spending is always a “tax” burden on the American people and is never equally or fairly distributed. The poor and low-middle income workers always suffer the most from the deceitful tax of inflation and borrowing.” —Congressman Ron Paul
“If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.” —Thomas Jefferson (1816)
Thomas Jefferson saw it coming. He knew the evil cabal that private banks would become and the destruction they would wreak on the country. This is happening now.
It should be noted that the Federal Reserve gets its power to print money from the Federal government of which it is not a part. However:
ARTICLE 1, SECTION 8 OF THE CONSTITUTION STATES THAT CONGRESS SHALL HAVE THE POWER TO COIN (CREATE) MONEY AND REGULATE THE VALUE THEREOF.
IN 1935 THE SUPREME COURT RULED THAT CONGRESS CANNOT CONSTITUTIONALLY DELEGATE ITS POWER TO ANOTHER GROUP.
The Supreme Court ruled that congress does not have the right to delegate the power to print money to another group, that other group being the Federal Reserve of the US, a private group of banks with monopolistic powers. The Federal Reserve is an illegal entity aided and abetted in its criminality by the federal government, committing crimes against the American people by printing and stealing money.
“In 1913, before the Senate Banking and Currency Committee, Mr. Alexander stated: “But the whole scheme of a Federal Reserve Bank with its commercial-paper basis is an impractical, cumbersome machinery, is simply a cover, to find a way to secure the privilege of issuing money and to evade payment of as much tax upon circulation as possible, and then control the issue and maintain, instead of reduce, interest rates. It is a system that, if inaugurated, will prove to the advantage of the few and the detriment of the people of the United States. It will mean continued shortage of actual money and further extension of credits; for when there is a lack of real money people have to borrow credit to their cost.””
So the Fed is lowering interest rates now to postpone the disaster they have created and make it seem as if the Fed’s power to print money is really benign because after all they are making the illegal money they loan to you cheap! Never mind that the money is illegal and they don’t have the power to create it in the first place so the government can run up the national debt and buy bonds to feed the banking cartel to the tune of $85 billion of your money every month.
So let’s break it down. More from jesus-is-savior.com.
“THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value.
The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share – the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York”
These are your owners. These banks own you. They control the government of the United States and they take money that you pay in taxes to pay themselves $trillions while charging you interest on money you are forced to borrow through government monetary debt/spending they have no right to loan you in the first place. They are an illegal entity, a government sponsored mafia.
“Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free. Forty percent of our personal federal income taxes goes to pay this interest. The FED’s books are not open to the public. Congress has yet to audit it.”
You are being scammed. And now they want to take away your guns so you can’t fight back against this national security police state that is forming in America.
“The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE. We, the People, are at fault for being passive and allowing this to continue.“
Why have American citizens become so passive in the face of such outrageous government tyranny? Are we going to allow a fascist takeover and become another China? We are well on the way to a global corporatocracy that controls all governments with money and control of the banking and financial systems.
“Rep. Louis T. McFadden (R. Pa.) . . . For 12 years  served as Chairman of the Committee on Banking and Currency . . . He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). The following are portions of Rep. McFadden’s speech, quoted from the Congressional Record, pages 12595-12603:
“THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENT OF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER.”
About the Federal Reserve banks, Rep. McFadden said, “They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable.”
On the subject of media control he state, “Half a million dollars was spent on one part of the propaganda organized by those same European bankers for
the purpose of misleading public opinion in regard to it.”
Rep. McFadden continued, “Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has USURPED THE GOVERNMENT OF THE UNITED STATES. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL. No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. These evil-doers have robbed this country of more than enough money to pay the national debt. What the Government has permitted the Federal Reserve Board to steal from the people should now be restored to the people.”
. . . The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately. FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL”, Rep. McFadden concluded (Reference 1, contains an entire chapter on Rep. McFadden’s speech).
How else do the criminals of the Fed and government make money through this illegal swindle? Ever wonder how members of the US government make so much money in the stock market? How are they able to pick stocks so well? Where did they gain such extraordinary powers to trade commodities and options and make fortunes in the financial markets?
“If you could accurately predict future interest rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. The FED has secret meetings (per Congressional Record) to determine future interest rates and the amount of money to be printed. The Securities Exchange Commission (SEC) by law, stops insiders from profiting by privileged information. Congressional records prove that FED bankers routinely hold secret meetings to profit by manipulating the stock market via interest rates and the amount of money they create.
FED bankers also profit greatly from economic disasters like the Depression (Reference 22, P. 56). The bankers create inflation, sell their stocks before the market crashes, then buy up stocks at cheaper prices.”
The Federal Reserve of the United States, an illegal, criminal cabal of bankers, needs to be abolished. The future of this once great nation as a free nation with a free people depends upon it.