If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be abolished. Find out the top 11 reasons why the Federal Reserve should be abolished…
Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn’t been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks.
The US Federal Reserve bank has confirmed one of its internal websites was broken into by hackers after the hacktivist group Anonymous was claimed to have stolen details of more than 4,000 bank executives.
Magically, the Fed has exclusive rights to the dollar, and for them it’s even better than money growing on trees. Whether paying nominal U.S. mint printing costs for Federal Reserve Notes (like those papering your wallet), or simply entering digits into their banks’ computers, they lend our “money” back to us at a profit.
Congress had demanded that a Federal Reserve settlement with major banks not be announced before there was a hearing on it. This did not even dent the Fed’s plans to proceed with today’s 11 am public announcement which can now not be revoked. It is Cummings’ response which shows, yet again, just who is the true master of the Federal Reserve.
There seems to be a desire among some end-the-Fed people to believe that we’ve had a few good presidents who have tried to stand up for the people but were tragically stopped by the bankers. Thus we hear this fake quotation, attributed to Woodrow Wilson, quite a bit: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Lew Rockwell, Chairman of the Ludwig Von Mises Institute, talks about how the Federal Reserve makes war easier and is destroying the middle class. If the people of the United States were asked to write a check every year to the IRS in order to fund the exploding deficits and rising interest payments on the national debt, would they continue to support all these wars?
In this explosive video, G. Edward Griffin, author of The Creature from Jekyll Island, talks about the Fed’s real role in the US economy and why – contrary to common belief – it is not this banking cartel’s mission to act in the best interest of the American public.
By Sartre Batr (Veterans Today) The supreme illicit fraud of central banking embodied in the Federal Reserve, acts as a private piggybank for favored cartel thieves. The liquidity of unlimited credit transfers to banksters, especially at zero interest, financed by unimaginable new Treasury Bonds, indebting the American public; is a crime committed by outlaws. The significance [...]
The Federal Reserve has secretly given away $16,000,000,000,000.00 to US banks and corporations and foreign banks everywhere from France to Scotland. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.
We are now at a grave planetary crossroad. Individually, we are also at potentially and dramatically life-changing times. Where do we truly want to go? We now we have two choices. Collectively, as wrecked societies and battered cultures that have been created by insider elites, wealthy banksters and their government cohorts, our “strings” have been pulled to conform and dance to rigged criminal tunes. This is all for the benefit of a dark cabal, a new world dis-order. It is all based on harm and destruction.
Do yourself a huge favor and watch this video… During his testimony before the Domestic Monetary Policy Subcommittee, Executive Director Robert Gray of the American Open Currency Standard, a group working to accelerate the wider adoption of sound alternative currencies… referred to the “current private central bank and the men in government who allow it to exist” as “thieves” who are robbing the American people. Calling it a “life and death” matter, Gray urged lawmakers to understand the scam that is the Fed’s modern-day “money” — a currency based on debt that is essentially a trap, as the debts can never be repaid.
The following are Kauilapele’s highlights from Benjamin Fulford’s latest report: If all goes well, systematic exposure of the financial fraud behind the Federal Reserve Board and the European Central Bank etc. will begin being published by a major Canadian newspaper starting in September… The best available intelligence at this point still indicates that this autumn will be a time of major change.
The Federal Reserve Bank was started in 1913 by an act of Congress – but not really. Congress allowed the creation of the Fed, but the Federal Reserve Act of 1913 wasn’t drafted by Congress. It was drafted under great secrecy at a meeting of associates of some very powerful men at a place called Jekyll Island. The men represented at that meeting included JP Morgan, William Rockefeller, and the Rothschild family. The wealth of the five families represented at that meeting totalled 25% of all of the wealth in the world at that time.
Timothy Geithner claimed on Wednesday that the government had no choice during the financial crisis but to lend to banks and AIG using an interest rate, Libor, that everybody knew was flawed.
Call it a back-door bailout: By using an artificially low Libor, the government saved the banks and AIG millions, maybe billions — and cost the taxpayers the same amount.
The use of Libor in the bailouts also rubber-stamped that hopelessly manipulated interest rate as a market measure, raising still more questions about just how worried Geithner and other regulators really were about it.
