The Federal Reserve

[H2oDunc]

I spend a lot a time taking people from Samui to Ko Tao diving. On the way I explain about the diving ut on the way back chat about this and that. Its 2 hours either way. The owner of a bar I frequent is an American and has educated me in a lot of things US through DVD's radio and books. He has certainly opened my eyes. Like a lot, so it seems, of people I presumed the Federal Reserve was the Government bank. Not so it seems. Rather it is a private bank run by an unknown group of people which prints the USA's money and charges them interest on it all. It is acountable to nobody and has refused to be audited, especially fort Knox which now holds no gold, so they say. I have taken several Americans diving recently and have mentioned this fact and 90% dont believe me. I also took 2 Spanish guys who worked in a finance bank in Madrid and they refused to believe. Unbelieveable !!!!

Here is a link to a transcript of an actual phone call to the Feds San francisco public information officer.

http://www.rense.com/general29/ringring.htm

No wonder things are turning nasty. Like fractional reserve banking. In any other type of business you would besent to jail for fraud but its all legal in the baking system.

[teatree]

Exactly. The Federal Reserve is federal in name only! It is a a highly secretive organization owned by PRIVATE shareholders. It is easier for congress find out about the operations of the CIA than the Fed. It issues money on behalf of the government and charges it interest for doing so. A bit like the government paying someone to press a button on a keyboard to make a row of numbers appear in a bank account. The Fed is a total con and the root of power in the US. And with the bail out plan people are now considering giving them even more power?

Edited September 26, 2008 by teatree

[lanny]

This old saw appears periodically, particularly in times of difficulty.

The stock in the Fed is owned by the member banks - who must subscribe to be members but the chairman is appointed by the President and approved by the Senate. This person is answerable to the Congress for the Fed's actions. It is subject to audit by the General Accounting Office - a very critical auditor. It's true, it does print money but the ability to do so is regulated. All banks "create" money, thats how the system works; without this ability, we would all be poor and carrying gold coins (is we could find them.)

Take a course in money and banking, if you want to understand the way things work!

[SNGLIFE]

Yep that's 100% correct. The problem is that there are not enough Americans who care, understand, or are willing to accept that the Fed needs to be abolished. It is an abomination and contrary to what the authors of the Constitution envisioned. The power to coin money was explicitly granted to Congress. In 1913, Congress farmed out that power via the Federal Reserve Act which created the Federal Reserve Bank. It has controlled the World economy ever since. It is super-secretive and no branch of the US Government controls it. No, not even Treasury (which falls under the Executive branch).

[Naam]

This old saw appears periodically, particularly in times of difficulty.

The stock in the Fed is owned by the member banks - who must subscribe to be members but the chairman is appointed by the President and approved by the Senate. This person is answerable to the Congress for the Fed's actions. It is subject to audit by the General Accounting Office - a very critical auditor. It's true, it does print money but the ability to do so is regulated. All banks "create" money, thats how the system works; without this ability, we would all be poor and carrying gold coins (is we could find them.)

Take a course in money and banking, if you want to understand the way things work!

and you can't discuss the brushstroke and the colours of a masterpiece painted by Rembrandt with a blind man

best i liked "there is no gold in Fort Knox"

[LaoPo]

http://www.rense.com/general29/ringring.htm

No wonder things are turning nasty. Like fractional reserve banking. In any other type of business you would besent to jail for fraud but its all legal in the baking system.

Interesting link....

The USA Government won't be happy with this info as the "State Department Lists Rense.com #1"

for: Top "conspiracy" News Sit & Top Misinfo Site

http://www.rense.com/Datapages/stdept.htm

and

http://www.rense.com/

That, of curse doesn't mean they're incorrect. Maybe some American members can tell me what this site is all about; they have some very interesting reads though.

LaoPo

[Pakboong]

This old saw appears periodically, particularly in times of difficulty.

The stock in the Fed is owned by the member banks - who must subscribe to be members but the chairman is appointed by the President and approved by the Senate. This person is answerable to the Congress for the Fed's actions. It is subject to audit by the General Accounting Office - a very critical auditor. It's true, it does print money but the ability to do so is regulated. All banks "create" money, thats how the system works; without this ability, we would all be poor and carrying gold coins (is we could find them.)

Take a course in money and banking, if you want to understand the way things work!

Banks that hold the controlling stock in the Federal Reserve Corporation:

Rothschild Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Sieff Banks of Italy

Warburg Bank of Hamburg and Amsterdam, Lehman Brothers Bank of New York, Kuhn Loeb Bank of New York

Chase Manhattan Bank of New York, Goldman Sachs Bank of New York.

[midas]

This old saw appears periodically, particularly in times of difficulty.

The stock in the Fed is owned by the member banks - who must subscribe to be members but the chairman is appointed by the President and approved by the Senate. This person is answerable to the Congress for the Fed's actions. It is subject to audit by the General Accounting Office - a very critical auditor. It's true, it does print money but the ability to do so is regulated. All banks "create" money, thats how the system works; without this ability, we would all be poor and carrying gold coins (is we could find them.)

Take a course in money and banking, if you want to understand the way things work!

Banks that hold the controlling stock in the Federal Reserve Corporation:

Rothschild Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Sieff Banks of Italy

Warburg Bank of Hamburg and Amsterdam, Lehman Brothers Bank of New York, Kuhn Loeb Bank of New York

Chase Manhattan Bank of New York, Goldman Sachs Bank of New York.

No it becomes clear why and how these people can dictate the US Middle East foreign policy

to the White House

[Naam]

Banks that hold the controlling stock in the Federal Reserve Corporation:

Rothschild Banks of London and Berlin, Lazard Brothers Bank of Paris, Israel Moses Sieff Banks of Italy

Warburg Bank of Hamburg and Amsterdam, Lehman Brothers Bank of New York, Kuhn Loeb Bank of New York

Chase Manhattan Bank of New York, Goldman Sachs Bank of New York.

No it becomes clear why and how these people can dictate the US Middle East foreign policy

to the White House

i had no idea that most of these banks have an arab background and arab roots

[H2oDunc]

This old saw appears periodically, particularly in times of difficulty.

The stock in the Fed is owned by the member banks - who must subscribe to be members but the chairman is appointed by the President and approved by the Senate. This person is answerable to the Congress for the Fed's actions. It is subject to audit by the General Accounting Office - a very critical auditor. It's true, it does print money but the ability to do so is regulated. All banks "create" money, thats how the system works; without this ability, we would all be poor and carrying gold coins (is we could find them.)

Take a course in money and banking, if you want to understand the way things work!

Lanny the FED has refused to let the Government audit fort Knox and to date still does. At one time the banknotes where backed by gold but that has now changed. These people control the USA and other countries simply through their wealth. Ive looked closely into the workings of banking and found that these types of practices would be illegal in any other business. To say we would all have to walk around with gold is what they want ua all to believe but in the past the credit note we were given by the bank was backed up by a promise to pay the bearer the aount in gold. Meaning they only printed notes for the amount of gold they had deposited. Not any longer thats why we have "runs on banks " which is where people try to take out money the banks dont have and are relying on you not taking it out. As for Rense being the government top " conspiricy ste " Of course. They dont wat you to know.

[Wrong Turn]

....it is a private bank run by an unknown group of people which prints the USA's money and charges them interest on it all.

Yes, the Fed is a private bank.

No, the Fed does not print money. But it can (we think) tell the Treasury Department to print more money.

How much money the US goverment prints is called the "M3 Money Supply."

A couple of years ago, the M3 money supply was made secret, whereas it used to be public information. Now, economists can only guess how much money the US Treasury Department prints.

[midas]

....it is a private bank run by an unknown group of people which prints the USA's money and charges them interest on it all.

Yes, the Fed is a private bank.

No, the Fed does not print money. But it can (we think) tell the Treasury Department to print more money.

How much money the US goverment prints is called the "M3 Money Supply."

A couple of years ago, the M3 money supply was made secret, whereas it used to be public information. Now, economists can only guess how much money the US Treasury Department prints.

The Fed sounds more and more like a sinister cult run by " The Illuminati "

[Pakboong]

“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

[Naam]

1. Lanny the FED has refused to let the Government audit fort Knox and to date still does.

2. At one time the banknotes where backed by gold but that has now changed.

1.

2. "now" was 37 (thirty-seven) years 1 month and 43 days ago

3.

4.

5. dive harder

[Pakboong]

1. Lanny the FED has refused to let the Government audit fort Knox and to date still does.

2. At one time the banknotes where backed by gold but that has now changed.

1.

2. "now" was 37 (thirty-seven) years 1 month and 43 days ago

3.

4.

5. dive harder

That historic event may have had more to do with Nixon's resignation than Watergate.