Federal Reserve
July 28, 2016 at 4:25 p.m.
By -
In November 1910, a group of individuals met at Jekyll Island, Georgia. This group of people included a senator, heads of banks linked to John D. Rockefeller and John P. Morgan, and a member of the Treasury Department. Their meeting created the largest fraud in the history of the Republic. They got our government to give up its control to print its own money. The worst part is, they make you believe that you run it.
The Federal Reserve is a private bank, but by using the word “Federal” they make you think that you have a say in it. Sure, they testify to Congress, give out a report or two every now and then, but look at it this way: The Federal Reserve prints our money, they loan that money to banks and the government (at interest), and they decide the interest rate to charge on the money they loan. To further their crime, the Congress cannot fully audit the Federal Reserve (although a recent GAO audit of just “emergency” lending found the fed loaned 16.1 trillion dollars during this “economic crisis”), the Congress cannot mandate how much money can be in the money supply, and the Congress cannot tell the Fed what kind of policies to set.
Has anyone tried redeeming their paper money for hard currency? Of course not, because the Fed will not redeem it for gold. The money has worth because the Fed says it does. How is it if a regular person creates money out of thin air, that’s called counterfeiting, but if the Federal Reserve does it, it’s called making money? The Fed allows banks to loan as much money as it wants and if a bank is running low on currency, the Fed gladly loans it out (of course, at interest). Yet during all this time, no one has questioned why the Federal Reserve is giving out all of this money on its own whim?
It’s a supply-and-demand issue, the more currency that is out there, the less our money is worth. The fact it is not backed by precious metals, makes the money worth less. Our Republic is dying, and the Federal Reserve is the cause. The last person to stand up to the Fed was John F. Kennedy with his Executive Order 11110 which empowered the U.S. Treasury to issue money backed by precious metals. Six months later he was assassinated and LBJ overturned the order.
There is hope though. H.R. 459 has been introduced into this Congress that will fully audit the Federal Reserve. Another idea that has been put out there, but you will not find on television, is the fact that the Fed should destroy the 1.6 trillion dollars in (fake money) government bonds that it holds. Basically, the Fed (private bankers) forgives a loan of non-existent money. MSNBC does not take it seriously because it makes sense. Fox does not take it seriously because Mitt Romney did not think of it. Who came up with both plans? Ron Paul, who wants to restore the Constitution, by eliminating the Fed and restoring hard money.
Gary Eppenbaugh
Warsaw, via e-mail[[In-content Ad]]
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In November 1910, a group of individuals met at Jekyll Island, Georgia. This group of people included a senator, heads of banks linked to John D. Rockefeller and John P. Morgan, and a member of the Treasury Department. Their meeting created the largest fraud in the history of the Republic. They got our government to give up its control to print its own money. The worst part is, they make you believe that you run it.
The Federal Reserve is a private bank, but by using the word “Federal” they make you think that you have a say in it. Sure, they testify to Congress, give out a report or two every now and then, but look at it this way: The Federal Reserve prints our money, they loan that money to banks and the government (at interest), and they decide the interest rate to charge on the money they loan. To further their crime, the Congress cannot fully audit the Federal Reserve (although a recent GAO audit of just “emergency” lending found the fed loaned 16.1 trillion dollars during this “economic crisis”), the Congress cannot mandate how much money can be in the money supply, and the Congress cannot tell the Fed what kind of policies to set.
Has anyone tried redeeming their paper money for hard currency? Of course not, because the Fed will not redeem it for gold. The money has worth because the Fed says it does. How is it if a regular person creates money out of thin air, that’s called counterfeiting, but if the Federal Reserve does it, it’s called making money? The Fed allows banks to loan as much money as it wants and if a bank is running low on currency, the Fed gladly loans it out (of course, at interest). Yet during all this time, no one has questioned why the Federal Reserve is giving out all of this money on its own whim?
It’s a supply-and-demand issue, the more currency that is out there, the less our money is worth. The fact it is not backed by precious metals, makes the money worth less. Our Republic is dying, and the Federal Reserve is the cause. The last person to stand up to the Fed was John F. Kennedy with his Executive Order 11110 which empowered the U.S. Treasury to issue money backed by precious metals. Six months later he was assassinated and LBJ overturned the order.
There is hope though. H.R. 459 has been introduced into this Congress that will fully audit the Federal Reserve. Another idea that has been put out there, but you will not find on television, is the fact that the Fed should destroy the 1.6 trillion dollars in (fake money) government bonds that it holds. Basically, the Fed (private bankers) forgives a loan of non-existent money. MSNBC does not take it seriously because it makes sense. Fox does not take it seriously because Mitt Romney did not think of it. Who came up with both plans? Ron Paul, who wants to restore the Constitution, by eliminating the Fed and restoring hard money.
Gary Eppenbaugh
Warsaw, via e-mail[[In-content Ad]]
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