Federal Reserve Is A Private Corporation
- Thread starter myminitrading
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What's your reply to this ?
International (or Jewish) bankers want the United States off of the gold standard.
Nothing could be further from the truth. Bankers love the gold standard. Possibly the most damaging thing ever done from the point of view of the bankers' self-interest, is the move off of the gold standard.
Why do bankers love the gold standard so much? Because the gold standard prevents inflation, and can in fact cause deflation. Inflation is good for debtors and bad for creditors (i.e., banks, who make their money off of interest from loans made to the public).
International (or Jewish) bankers want the United States off of the gold standard.
Nothing could be further from the truth. Bankers love the gold standard. Possibly the most damaging thing ever done from the point of view of the bankers' self-interest, is the move off of the gold standard.
Why do bankers love the gold standard so much? Because the gold standard prevents inflation, and can in fact cause deflation. Inflation is good for debtors and bad for creditors (i.e., banks, who make their money off of interest from loans made to the public).
Here's a financial statement from 1999. So how are "they" making trillions from us again?
1999 Combined Statements of Income of the Federal Reserve Banks (in millions)
Interest income
Interest on U.S. government securities $28,216 Interest on foreign securities 225
Interest on loans to depository institutions 11
Other income 688 ------- Total operating income 29,140
Operating expenses
Salaries and benefits 1,446
Occupancy expense 189 Assessments by Board of Governors 699 Equipment expense 242 Other 322 ------- Total operating expenses 2,878
Net Income Prior to Distribution $26,262
Distribution of Net Income
Dividends paid to member banks 374 Transferred to surplus 479
Payments to U.S. Treasury 25,409 -------
Total distribution 26,262
1999 Combined Statements of Income of the Federal Reserve Banks (in millions)
Interest income
Interest on U.S. government securities $28,216 Interest on foreign securities 225
Interest on loans to depository institutions 11
Other income 688 ------- Total operating income 29,140
Operating expenses
Salaries and benefits 1,446
Occupancy expense 189 Assessments by Board of Governors 699 Equipment expense 242 Other 322 ------- Total operating expenses 2,878
Net Income Prior to Distribution $26,262
Distribution of Net Income
Dividends paid to member banks 374 Transferred to surplus 479
Payments to U.S. Treasury 25,409 -------
Total distribution 26,262
http://www.amazon.com/Creature-Jeky...4700009?ie=UTF8&s=books&qid=1187902159&sr=1-1
Great read on this subject!
Great read on this subject!
Already read it. This book is better so far.
http://www.amazon.com/Gold-Future-M...6982412?ie=UTF8&s=books&qid=1187902371&sr=1-1
Myth #2: The Federal Reserve Act is unconstitutional.
The Constitution does not give Congress the power to create a central bank.
Reality: Federal and Supreme Court rulings have found the Federal Reserve to be constitutional, under the "necessary and proper" clause of the U.S. Constitution (Article I, Section 8, clause 19).
1) The Banking Cartels (Fed Owners) print money out of nothing.
2) This newly created money is then multiplied 10x over via Fractional Reserve Banking and lent out at INTEREST
An example.
The Fed buys a 100 Billion Government "bond" by typing 11 zeros ($100,000,000,000) into a computerized Federal depository account.
POOF!! New Money enters the financial system!
As the Government spends or allocates this money, all roads lead back to the Commercial Banking System. Once on deposit, that 100 Billion now becomes $1,000,000,000,000,000 (1 Trillion!!) thanks to the wonders of Fractional Reserve Banking (aka counterfeiting. Or as some like to call it, legalized theft via inflation).
So now that once vast sum of 100 Billion is conjured into more than a TRILLION dollars by nothing more than a computer entry. Of course, the banks (who also OWN the Fed, BTW), lend out this bullshit money at INTEREST.
So whatever the prevailing interest rate is - Commercial Banks make 10 TIMES that less expenses.
4%. No. Try 40%.
5%? Dont think so. Try 50%!
50% on Trillion is 500 Billion.
And when that BS money is paid back with REAL Dollars, the banks just compound it again by another 10 times.
counterfeiting compounded by massive counterfeiting. All earning interest.
The third way is through inflation. If I print stacks of million dollar bills in my basement and spend them, guess what happens to the purchasing power of YOUR money?
Goes down the toilet.
Where did that spending power go?
I stole it from you. I created money out of NOTHING and spent the value of YOUR dollars into the ground.
Thats what the Government and Banks do with Fed Money Bubbles.
Thats how they STEAL.
Do you know anything about economics? Or do you just pretend to?
Ok, so the Fed buys govt bonds and gives our G back the interest.
But they turn around and loan the money out to.... who again? The consumers perhaps? What's the problem here?
I also notice you've conveniently skipped over the issue of whether or not a slight rate of inflation is good for the debtor and bad for the lender.....
Your views on inflation are true, but only for short term debt, like on credit cards.
Care to enlighten us, my liege, with your views of inflation vs a long term debtor - like on a home loan?
Can you explain to us all , Einstein, how someone that holds a 30 yr mortgage on a house that is now worth $250k and paying $175/mo should be enraged on the effect that inflation has had on his spending dollar?