The Greatest Deception on the American People - The Federal Reserve Act of 1913
The Federal Reserve is perhaps one of the biggest oxy-morons that ever existed.
There is nothing 'Federal' about it, and it has no 'Reserves'.
The Federal Reserve Act of 1913 was perhaps the greatest deceptions ever to be put over the American people.
The Fed is neither owned nor controlled by the regular people of the United States as it's name might imply.
And although it is supposed to follow rules and regulations as put forth by the government, it does not really answer to anyone except its shareholders.
Yes the Fed is a privately owned and operated, for profit corporations that does not have enough reserves to cover the federal notes that are in circulation.
Common sense should tell you that in order to loan out, or produce more currency, there should be enough held back in their reserves in order to back up the notes that are out there.
But that's not how the Fed, and most other banks operate.
They are allowed to lend out as much as 20 to 30 times as much money as they currently hold in their reserves.
So for every dollar they take in, they can lend out up to $30, and this should tell the logical folk that eventually things will catch up, and when they do, there won't be enough to cover it.
The greatest deception on the American people...
the Federal Reserve Act of 1913, was a carefully conceived Congressional Conference Committee meeting that was scheduled at the unlikely hours of 1:30 am to 4:30 am on Monday December 22 1913.
This is when apparently 20 to 40 unique differences in the House and Senate versions were debated, deliberated, reconciled and voted upon.
If this were the case, it would have taken them only four and a half to nine minutes per issue.
Author Anthony C.
Sutton once proclaimed; 'The Federal Reserve System is a legal private monopoly of the money supply, operated for the benefit of the few under the guise of protecting and promoting the public interest.
' Another outspoken critic of the Fed is Senator Barry Goldwater said: 'Most Americans have no real understanding of the operation of the international money-lenders...
The accounts of the Federal Reserve System have never been audited.
It operates outside the control of Congress and...
manipulates the credit of the United States.
' These are for not the first or only to have these views on the Fed.
But if you ask most people around the United States who or what is the Fed, and who do they work, the vast majority would tell you that they are owned by the feral government, and run for the people.
If some has a monopoly on a specific commodity that everyone needs and wants, and doesn't have enough of, then there are tons of ways in which to make a profit, as well as put a tremendous amount of political power.
The same thing happened in England and that resulted in the tremendous debt of that nation they have never recovered from.
There is nothing 'Federal' about it, and it has no 'Reserves'.
The Federal Reserve Act of 1913 was perhaps the greatest deceptions ever to be put over the American people.
The Fed is neither owned nor controlled by the regular people of the United States as it's name might imply.
And although it is supposed to follow rules and regulations as put forth by the government, it does not really answer to anyone except its shareholders.
Yes the Fed is a privately owned and operated, for profit corporations that does not have enough reserves to cover the federal notes that are in circulation.
Common sense should tell you that in order to loan out, or produce more currency, there should be enough held back in their reserves in order to back up the notes that are out there.
But that's not how the Fed, and most other banks operate.
They are allowed to lend out as much as 20 to 30 times as much money as they currently hold in their reserves.
So for every dollar they take in, they can lend out up to $30, and this should tell the logical folk that eventually things will catch up, and when they do, there won't be enough to cover it.
The greatest deception on the American people...
the Federal Reserve Act of 1913, was a carefully conceived Congressional Conference Committee meeting that was scheduled at the unlikely hours of 1:30 am to 4:30 am on Monday December 22 1913.
This is when apparently 20 to 40 unique differences in the House and Senate versions were debated, deliberated, reconciled and voted upon.
If this were the case, it would have taken them only four and a half to nine minutes per issue.
Author Anthony C.
Sutton once proclaimed; 'The Federal Reserve System is a legal private monopoly of the money supply, operated for the benefit of the few under the guise of protecting and promoting the public interest.
' Another outspoken critic of the Fed is Senator Barry Goldwater said: 'Most Americans have no real understanding of the operation of the international money-lenders...
The accounts of the Federal Reserve System have never been audited.
It operates outside the control of Congress and...
manipulates the credit of the United States.
' These are for not the first or only to have these views on the Fed.
But if you ask most people around the United States who or what is the Fed, and who do they work, the vast majority would tell you that they are owned by the feral government, and run for the people.
If some has a monopoly on a specific commodity that everyone needs and wants, and doesn't have enough of, then there are tons of ways in which to make a profit, as well as put a tremendous amount of political power.
The same thing happened in England and that resulted in the tremendous debt of that nation they have never recovered from.
Source...