The Federal Reserve System is not "owned" by anyone.
It does all this by wrecking the purchasing power of the dollar; by subtly stealing from the people of this country what it thus provides for the government, through a process exactly on par with the coin clipping of ancient kings but much less visible.” (Reference 1, P. 250, 251)Source: Banking Act of 1935, Hearings before a Subcommittee of the Banking and Currency Committee, U.S. Senate, 74th Congress, 1st Session, on S.1715, May 1935, pp 871-2.
So is the Fed private or public? Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Kenan, published by The Noontide Press“America Betrayed”, Center For Action, 652 N. Glenview, Mesa, AZ 85213 For references 1, 12, and 17, contact The National Committee to Repeal the Federal Reserve Act (Reference 2)Fill in your details below or click an icon to log in:
For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America.
When the President [Wilson] signs this bill, the invisible government of the Monetary Power will be legalized… the worst legislative crime of the ages, perpetuated by this banking and currency bill.” (Reference 5, P. 33)Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta): “We are completely dependent on the commercial banks. (Reference 1, P. 200-214) Adams, Jefferson, and Lincoln believed that banker capitalism was more dangerous to our liberties than standing armies.
By abolishing the Federal Reserve, we would not pay interest on Federal Reserve Notes. The North Atlantic Treaty Organization began in medieval times.
This central banking "system" has three important features: (1) a central governing boardâthe Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.The Boardâappointed by the President and confirmed by the Senateâprovides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. Additionally, major corporations owned by Federal Reserve shareholders are the source of huge advertising revenues which surely would influence the media (Reference 14, P. 56-59).In other words, by Congress allowing the constitutionally illegal Federal Reserve to continue, much of your taxes go to the shareholders of the Federal Reserve and their bankers. Because loans give rise to new deposits, the potential The money supply may also be influenced through manipulation of the The three instruments of control described here have been conceded to be more effective in preventing inflation in times of high economic activity than in bringing about revival from a period of The Federal Reserve has broad supervisory and regulatory authority over state-chartered banks and bank holding companies, as well as foreign banks operating in the United States. Lincoln’s solution made this seem ridiculous. These banks also are partly foreign owned and control the New York Federal Reserve District Bank. (Reference 4)If you will take the time to read the reference material listed which has been researched by Professors of Universities, Congresspeople, etc, you will turn up information that might frighten you.
If the banks create ample synthetic money we are prosperous; if not, we starve. The Congress illegally gave the Federal Reserve the right to print money (through the Treasury) at no interest to the Federal Reserve. They created fake colonial money to destroy the Americans during the Revolutionary War and tried to finance both sides in the American Civil War. In the April 1974 issue of the CFR journal, “Foreign Affairs”, page 558, Richard Gardener states that the new world order “will be built… but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old fashioned frontal assault.” Congressman McDonald, Heinz and Tower stated that this is a conspiracy. After this report, the Chase Manhattan Bank obtained 6.7% of ABC, and today the percentage could be much greater. The Chair and other staff testify before Congress, and the Board submits an extensive reportâthe In addition, though the Congress sets the goals for monetary policy, decisions of the Boardâand the Fed's monetary policy-setting body, the Federal Open Market Committeeâabout how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. (For additional information on a cashless society, read Reference 13, P. 174; Reference 3; Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216).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.