Dr. Weeks’ Comment: Freedom in a democracy or a republic wherein the control of all purse strings is hidden from the voting public is fairly moot. Let’s pass HR 1207 and S604 –
Thanks to Bodo!
Lincoln defied bankers wanting 24-36% interest on loans for the Civil War. He reverted to Government created money to win war.
“The government [not the central or private banks] should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of government [United States Constitution, Article 1, Section 8, Para. 5] but it is the government’s greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium [of exchange] will be satisfied. The taxpayers will be saved immense sums of interest. The financing of all public enterprises, and the conduct of the Treasury will become matters of practical administration. Money will cease to be master and become the servant of humanity.” President Abraham Lincoln Senate Doc. 23, 76th Congress
The Fed Website says it is a public-private hybrid but not 1 share is owned by the public. Each of the 12 Federal Reserve branches is owned by its member banks that get a guaranteed 6% dividend on their stock.
The Fed is printing our money and lending it back to us..acting as our Governments bank.
Congressman Lindbergh, father of aviator, opposed the creation of the Fed in 1913. He warned Congress: ” The Federal Reserve Board can cause the pendulum of a rising and falling market to swing gently back and forth by slight changes in the discount rate, or cause violent fluctuations by greater rate variation, and in either case it will posses inside knowledge of the coming change, either up or down. This is the strangest most dangerous advantage ever placed in the hands of a special privilege class by any government that ever existed…The financial system has been turned over to…a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.”
The Fed and the banks create money out of thin air and then say we owe it back to them w/ interest. This both a shell game and a pyramid scheme that reached its mathematical limits in 2007 with the collapse of the housing bubble…created by the Fed when it drastically lowered rates in 2001.
Wall Street accounts for 35% of all US Corporate profits. Investment bankers rake in bonuses worth 10X their 6 figure base salaries. The 38 largest Wall Street firms paid out over $145 billion in employee compensation in 2009…up 18% over 2008. Average personal earnings in the US rose 2.2% during that time.
17the Century Goldsmiths lending w/ receipts
1694 Bank of England & King Wm III
Thomas Jefferson campaigned against Hamilton’s private First US Bank and helped stop renewal of the charter
Jackson railed against the Second US Bank and blocked its charter renewal
Wm Jennings Bryan ran in 1896 & 1900 ; “Cross of Gold” speech
A lot of the originators of the Fed Reserve were foreign bankers or immigrant bankers from foreign lands. You would have to see who owns the member banks.
The Bush family has great interest here.
Rothschilds & Rockefellers – Trillionaires Of The World: http://www.rense.com/general79/tril.htm
Rothschild Dynasty – Descent into Slavery: http://www.biblebelievers.org.au/slavery.htm
The History of the House of Rothschild: http://www.iamthewitness.com/DarylBradfordSmith_Rothschild.htm
Who Owns and Controls the Federal Reserve? http://www.usagold.com/federalreserve.html
Who owns the other central banks around the world? – Ron Paul: http://www.dailypaul.com/node/118424
China warns Federal Reserve over ‘printing money’: http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5379285/China-warns-Federal-Reserve-over-printing-money.html
Wall Street boys passed the 16th Amendment w/ Federal Income Taxes paid directly to the Federal Reserve.
Hard to say what goes where as it is such a shell game. 75-80% of Americans are in favor of passing HR 1207 and S604 to audit and investigate the Fed thanks to Ron Paul’s leadership.
Los Angeles Attorney Ellen Hodgson Brown. Website: http://www.WebOfDebt.com/
She has written 11 books, including: Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
FINAL IRONIC LAUGH:
Alan Greenspan in a speech to the Economic Club of New York in 1988:
“I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.”
Did you know:
There are only 2 States that are not running a deficit: Montana & North Dakota
There is only 1 State that that has a State owned bank: North Dakota.
The profits go to the State.