Q: What is the Federal Reserve
System?
A: The Federal Reserve System is not Federal; it has no reserves;
and it is not a system, but rather, a criminal syndicate. It is the
product of criminal syndicalist activity of an international consortium
of dynastic families comprising what is commonly termed "The New World
Order".
The Federal Reserve system is a central bank operating in the
United States.
Although the student will find no such definition of a
central bank in the textbooks of any university, a proper definition
would be as follows:
-
It is the dominant financial power of the country
which harbors it
-
It is entirely private-owned, although it seeks to
give the appearance of a governmental institution
-
It has the right to
print and issue money, the traditional prerogative of monarchs
-
It is
set up to provide financing for wars
-
It functions as a money monopoly
having total power over all the money and credit of the people.
Q: Are our dollar bills, which carry the label "Federal Reserve
notes" government money?
A: Federal Reserve notes are actually promissory notes, promises
to pay, rather than what we traditionally consider money. They are
interest bearing notes issued against interest bearing government bonds,
paper issued with nothing but paper backing, which is known as
fiat
money, because it has only the fiat of the issuer to guarantee these
notes.
The Federal Reserve Act authorizes the issuance of these notes,
"for the purposes of making advances to Federal reserve banks... The
said notes shall be obligations of the United States. They shall be
redeemed in gold on demand at the Treasury Department of the United
States in the District of Columbia."
Tourists visiting the Bureau of
Printing and Engraving on the Mall in Washington, D.C. view the printing
of Federal Reserve notes at this governmental agency on contract from
the Federal Reserve System for the nominal sum of .00260 each in units
of 1,000, at the same price regardless of the denomination. These notes,
printed for a private bank, then become liabilities and obligations of
the United States government and are added to our present $8 trillion
debt.
The government had no debt when the Federal Reserve Act was passed
in 1913.
Q: Who owns the stock of the Federal Reserve Banks?
A: The dynastic families of the ruling
New World Order,
internationalists who are loyal to no race, religion, or nation. They
are families such as the
Rothschilds, the
Warburgs, the
Schiffs, the
Rockefellers, the
Harrimans, the
Morgans and others.
Q: Can I buy this stock?
A: No. The Federal Reserve Act stipulates that the stock of the
Federal Reserve Banks cannot be bought or sold on any stock exchange. It
is passed on by inheritance as the fortune of the elitest class. Almost
half of the owners of Federal Reserve Bank stock are not Americans.
Q: Does the Federal Reserve Board control the daily price and
quantity of money?
A: The Federal Reserve Board of Governors, meeting in private as
the Federal Open Market Committee with presidents of the Federal Reserve
Banks, controls all economic activity throughout the United States by
issuing orders to buy government bonds on the open market, creating
money out of nothing and causing inflationary pressure, or, conversely,
by selling government bonds on the open market and extinguishing debt,
creating deflationary pressure and causing the stock market to drop.
Q: Can Congress abolish the Federal Reserve System?
A: The last provision of the Federal Reserve Act of 1913, Sec.
30, states,
"The right to amend, alter or repeal this Act is expressly
reserved."
This language means that Congress can at any time move to
abolish the Federal Reserve System, or buy back the stock and make it
part of the Treasury Department, or to altar the System as it sees fit.
It has never done so.
No Congress, no President has been strong enough to stand up to the
foreign-controlled Federal Reserve Bank. Yet there is a catch - one that
President Kennedy recognized before he was slain - the original deal in
1913 creating the Federal Reserve Bank had a simple backout clause. The
investors loaned the United States Government $1 billion.
And the backout clause allows the United States to buy out the system for that
$1 billion. If the Federal Reserve Bank were demolished and the Congress
of the United States took control of the currency, as required in the
Constitution, the National Debt would virtually end overnight, and the
need for more taxes and even the income tax, itself.
Thomas Jefferson
was concise in his early warning to the American nation,
"If the
American people ever allow private banks to control the issuance of
their currency, first by inflation and then by deflation, the banks and
corporations that will grow up around them will deprive the people of
all their property until their children will wake up homeless on the
continent their fathers conquered."
