– The Federal Reserve is a private bank.
– The Federal Reserve has never been audited.
– The Federal Reserve prints money out of thin air.
– The Federal Reserve destroys your savings.
– The Federal Reserve uses your savings to bail out corporations.
– The Federal Reserve caused the financial crises.
Every dollar The Federal Reserve loans to our government is loaned at interest. Meaning, if the United States Government is loaned $1.00, we must pay back $1.03 (at 3% interest, it changes every Monday I believe).
But where does that extra $0.03 come from? The only place it can come from is The Federal Reserve. In order for us to pay the interest back, they must print, and then loan us the $0.03. But then we have to pay interest on that $0.03. The US Government can technically get out of debt by purchasing things called “T-Bills” from other countries (that’s a whole different blog…), but even then we’re using The Federal Reserve money to purchase them.
On $1 this seems minuscule, but taken out to $1 million, that’s $1,030,000, an additional $30,000 of money that doesn’t yet exist. It’s a never ending cycle.
It is critical to understand that the entire structure of this system can only produce one thing in the long run: DEBT. The end result of this system is slavery, it is impossible for the Government, and the public, to ever come out of the self-generating debt.
If you look at a dollar bill from before 1933 it says it is redeemable in gold. You look at the dollar bill today, it says it is legal tender, which means it is backed by absolutely nothing. It is worthless paper. The only thing that gives our money value is how much of it is in circulation. Therefore, the power to regulate the money supply is also the power to regulate its value, which is also the power to bring entire economies and societies to its knees.
The U.S dollar is as valuable as a Monopoly money.
“I believe that banking institutions are more dangerous than standing armies…if the American people ever allow private banks to control the issue of currency…the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent that their fathers conquered.” Thomas Jefferson
“Under the Federal Reserve Act, panics are scientifically created. The present panic is the first scientific one, worked out as we figure a mathematical equation.” Congressman Charles Lindbergh in 1921
Of course, if properly fact checked, I probably made half of this up off the top of my head. Who really knows what’s going on in our country?
Tags: Government, Life
April 20th, 2009 at 10:00 am
Down with the Fed