The Federal Reserve Scam

[LA RAM FAN]

Ron Paul has been talking about abolishing the Federal Reserve for decades - he's been labeled a wacko-

One of it's original intents was to smooth the peaks and valleys in the economy and it has. The problem is the unintended (or are they) results. The most obvious is the rampant corruption in and from the District of Criminals. We can thank Richard M. Nixon for that. Prior to his meddling in the economy to bring us, among other things, was, The Wage and Price Control Act, AND the move away from United States Silver Certificates as the "official" currency, for all debts, private and public
.
It's amazing the number of people who never question The Federal Reserve. I've asked several people the following; If congress has the authority to coin money and set it's value, why do they borrow it?
A friend of mine from another message board pointed that out to me several years ago. The response usually given, in person, is that deer in the head lights look. The answer is quite simple, though vehemently denied by acolytes of godverment - when you owe another you are enslaved to him - who does the US owe the most to? Currently tax payers are enslaved for several generations to a private corporation.

It's called Fiat Currency folks. To add insult to injury, tax payers foot the bill through Income Taxes, which are really nothing more than user fees and a gov't (tax payer) funded, IRS is the enFORCEment tool for a privately owned corporation. What could possibly go wrong with that? "I care not who has the power, give me the money"- the scam doesn't lie so much in the fed reserve as it does in elected officials -

excellent stuff,thanks for posting that.

 

[Toddsterpatriot]

The constitution gives congress the authority to create money. This function has been privatized in 1913. Let's say the government needs $100.00.

Under the Fed, the Fed will print the money and lend it to the government to be paid back with interest.

Under the constitution, congress prints the money. It is not owed it to anyone. There is no debt. There is no interest.

yeah we have been a facist dictatership since 1913.the fed is an evil organization. whats sad is had JFK served his second term,the fed would have been abolished.He signed an executive order that had he lived,would have ended the fed. For five months,our money was backed by something,silver.soon after JFK's death,Johnson got rid of the executive order and no president since then has had the balls to reinstate it.

The Federal Reserve Cartel: The Illuminati Roundtable

i see a certain troll who cant refute my facts has to laugh in defeat going into evade mode as always in defeat.LOL

He signed an executive order that had he lived,would have ended the fed.

Liar.

For five months,our money was backed by something,silver.

There were silver certificates long before JFK was president.

after JFK's death,Johnson got rid of the executive order and no president since then has had the balls to reinstate it

Liar.

On September 9, 1987, as part of a general clean-up of executive orders, President Ronald Reagan issued Executive Order 12608, which removed the text which had been added to E.O. 10289 by E.O. 11110. Specifically, E.O. 12608 revoked subparagraph (j) of paragraph 1 of E.O. 10289, as amended by E.O. 11110.[16]

Although E.O. 12608 explicitly revoked the relevant portion of E.O. 10289 which had been added by E.O. 11110, thereby effectively revoking E.O. 11110 as such, the original legislative authority underpinning the order had, of course, already been nullified five years earlier, back in 1982.[citation needed]

 

[DOTR]

Ron Paul has been talking about abolishing the Federal Reserve for decades - he's been labeled a wacko-

One of it's original intents was to smooth the peaks and valleys in the economy and it has. The problem is the unintended (or are they) results. The most obvious is the rampant corruption in and from the District of Criminals. We can thank Richard M. Nixon for that. Prior to his meddling in the economy to bring us, among other things, was, The Wage and Price Control Act, AND the move away from United States Silver Certificates as the "official" currency, for all debts, private and public
.
It's amazing the number of people who never question The Federal Reserve. I've asked several people the following; If congress has the authority to coin money and set it's value, why do they borrow it?
A friend of mine from another message board pointed that out to me several years ago. The response usually given, in person, is that deer in the head lights look. The answer is quite simple, though vehemently denied by acolytes of godverment - when you owe another you are enslaved to him - who does the US owe the most to? Currently tax payers are enslaved for several generations to a private corporation.

It's called Fiat Currency folks. To add insult to injury, tax payers foot the bill through Income Taxes, which are really nothing more than user fees and a gov't (tax payer) funded, IRS is the enFORCEment tool for a privately owned corporation. What could possibly go wrong with that? "I care not who has the power, give me the money"- the scam doesn't lie so much in the fed reserve as it does in elected officials -

Sound money would fix so many problems.

 

[Paulie]

It’s on its last legs. Central banking in general is. One of the things trump was elected to do was to end it. He’s currently setting up an alternate financial system that he can transition into when the central bank collapses. Why do you think he’s going around the world setting up new trade deals? Why do you think he set up USMCA? All of it is to establish the United States as the premier exporter again so that it can be as insulated as possible when we make the switch out of private central bank and back into national bank controlled by the people. Get on board or get out of the way.

the last President that tried that was JFK and we know how that ended up.

There’s been at least 4 different attempts on trumps life. They can’t get to him because he controls the intel agencies now. He’s several steps ahead of them at all times. They didn’t even know he went to Afghanistan to feed the troops on thanksgiving. He sent a fake motorcade to maralago and the deep state CIA controlled media fell for it. They don’t have any real intel control anymore, all they have is their rogue elements that are virtually cut off from the system at this point.

He’s going to be fine.

If you think Trump is any different than warmongers Bush and Obama,then WHY doesnt he simply sign an executive order to abolish all these evil organizations,the CIA,FBI,fed and others? think about it. where is your proof that there has been assassination attempts on him?

Why would he abolish the agencies he’s using against the deep state? You need to wake the hell up man, you think you’re soooooo woke but you don’t know jack shit and this question you just asked confirms it. All you people see is doom and gloom everywhere you look and it’s getting old and tired. Get with the program or get the hell out of the way

 

[georgephillip]

The constitution gives congress the authority to create money. This function has been privatized in 1913. Let's say the government needs $100.00.

Under the Fed, the Fed will print the money and lend it to the government to be paid back with interest.

Under the constitution, congress prints the money. It is not owed it to anyone. There is no debt. There is no interest.

The Fed was created to further financial speculation among many other nefarious purposes; it is performing as intended this very minute in the Repo market:

New York Fed Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses Over Next Month as New York Times Remains Silent

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

"The New York Fed’s repo (repurchase agreement) loan program began on September 17 when repo loan rates spiked from approximately 2 percent to 10 percent – meaning either liquid funds were not available to loan or the mega banks on Wall Street were backing away from lending to certain counterparties.

"Repo loans are typically between banks, hedge funds and money market funds on an overnight basis and are made against good-quality collateral.

"Since that time, the New York Fed has been making these loans to the tune of hundreds of billions of dollars weekly."

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

Oh no!!!

Short term loans!

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

Oh no!!!

Short term loans!

Why are major Wall Street institutions afraid to make short term loans to one another?

These Charts Show Why the Fed Is Still in a Panic Over the Repo Loan Market

"After the epic financial crash on Wall Street in 2008 – the worst since the 1929 crash and ensuing Great Depression – two key reforms were put in place in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to prevent another catastrophic meltdown on Wall Street.

"The first key reform was that derivatives were to be moved out of the federally-insured, taxpayer backstopped commercial banks, that had been bought up by Wall Street trading houses, into units that could be wound down in a bankruptcy proceeding.

"It was called the 'Push Out' rule.

"That reform was also meant to prevent the New York Fed from ever again secretly pumping upwards of $29 trillion into Wall Street trading houses and their derivative counterparties in order to bail out a corrupt casino banking system.

"(And yet here we are again today watching the New York Fed pump hundreds of billions of dollars each week into trading houses on Wall Street without offering any credible explanation to the American people as to why Wall Street is getting another bailout – and while mainstream media pretends this is as normal as apple pie by refusing to cover what’s happening.)"

Don't you greedy fuckers know the meaning of "enough"?

 

[DOTR]

The constitution gives congress the authority to create money. This function has been privatized in 1913. Let's say the government needs $100.00.

Under the Fed, the Fed will print the money and lend it to the government to be paid back with interest.

Under the constitution, congress prints the money. It is not owed it to anyone. There is no debt. There is no interest.

yeah we have been a facist dictatership since 1913.the fed is an evil organization. whats sad is had JFK served his second term,the fed would have been abolished.He signed an executive order that had he lived,would have ended the fed. For five months,our money was backed by something,silver.soon after JFK's death,Johnson got rid of the executive order and no president since then has had the balls to reinstate it.

The Federal Reserve Cartel: The Illuminati Roundtable

i see a certain troll who cant refute my facts has to laugh in defeat going into evade mode as always in defeat.LOL

He signed an executive order that had he lived,would have ended the fed.

Liar.

For five months,our money was backed by something,silver.

There were silver certificates long before JFK was president.

after JFK's death,Johnson got rid of the executive order and no president since then has had the balls to reinstate it

Liar.

On September 9, 1987, as part of a general clean-up of executive orders, President Ronald Reagan issued Executive Order 12608, which removed the text which had been added to E.O. 10289 by E.O. 11110. Specifically, E.O. 12608 revoked subparagraph (j) of paragraph 1 of E.O. 10289, as amended by E.O. 11110.[16]

Although E.O. 12608 explicitly revoked the relevant portion of E.O. 10289 which had been added by E.O. 11110, thereby effectively revoking E.O. 11110 as such, the original legislative authority underpinning the order had, of course, already been nullified five years earlier, back in 1982.[citation needed]

What always struck me about the switch away from silver coinage (and I know that isnt what is being discussed exactly) was the naivete. When Johnson asked Congress to move to base metal coinage he said

"I want to emphasize that we will continue to make the existing coins while the new ones come into full production, and that we contemplate side-by-side circulation of the old and new coins for the indefinite future. There is no reason for hoarding the silver coinage we now use, because there is no reason for it to disappear."
https://web.archive.org/web/20160413215004/http://www.presidency.ucsb.edu/ws/?pid=27015#

I dont see anything nefarious there...just an incredible lack of foresight and understanding. Of course the government still planned to hold the price at 1.29 with silver sales but that didnt last long.

 

[Toddsterpatriot]

The constitution gives congress the authority to create money. This function has been privatized in 1913. Let's say the government needs $100.00.

Under the Fed, the Fed will print the money and lend it to the government to be paid back with interest.

Under the constitution, congress prints the money. It is not owed it to anyone. There is no debt. There is no interest.

The Fed was created to further financial speculation among many other nefarious purposes; it is performing as intended this very minute in the Repo market:

New York Fed Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses Over Next Month as New York Times Remains Silent

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

"The New York Fed’s repo (repurchase agreement) loan program began on September 17 when repo loan rates spiked from approximately 2 percent to 10 percent – meaning either liquid funds were not available to loan or the mega banks on Wall Street were backing away from lending to certain counterparties.

"Repo loans are typically between banks, hedge funds and money market funds on an overnight basis and are made against good-quality collateral.

"Since that time, the New York Fed has been making these loans to the tune of hundreds of billions of dollars weekly."

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

Oh no!!!

Short term loans!

"Last Thursday, December 12, the New York Fed announced that over the next month it would shower the trading houses (primary dealers) on Wall Street with a total of $2.93 trillion in short-term loans..."

Oh no!!!

Short term loans!

Why are major Wall Street institutions afraid to make short term loans to one another?

These Charts Show Why the Fed Is Still in a Panic Over the Repo Loan Market

"After the epic financial crash on Wall Street in 2008 – the worst since the 1929 crash and ensuing Great Depression – two key reforms were put in place in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 to prevent another catastrophic meltdown on Wall Street.

"The first key reform was that derivatives were to be moved out of the federally-insured, taxpayer backstopped commercial banks, that had been bought up by Wall Street trading houses, into units that could be wound down in a bankruptcy proceeding.

"It was called the 'Push Out' rule.

"That reform was also meant to prevent the New York Fed from ever again secretly pumping upwards of $29 trillion into Wall Street trading houses and their derivative counterparties in order to bail out a corrupt casino banking system.

"(And yet here we are again today watching the New York Fed pump hundreds of billions of dollars each week into trading houses on Wall Street without offering any credible explanation to the American people as to why Wall Street is getting another bailout – and while mainstream media pretends this is as normal as apple pie by refusing to cover what’s happening.)"

Don't you greedy fuckers know the meaning of "enough"?

Why are major Wall Street institutions afraid to make short term loans to one another?

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

"(And yet here we are again today watching the New York Fed pump hundreds of billions of dollars each week into trading houses on Wall Street without offering any credible explanation to the American people as to why Wall Street is getting another bailout

Overnight loans aren't a bailout.

and while mainstream media pretends this is as normal as apple pie by refusing to cover what’s happening

The Fed has always....ALWAYS....intervened in the overnight markets when rates move outside the
range they have targeted.

 

[Gdjjr]

I dont see anything nefarious there...just an incredible lack of foresight and understanding.

This country has been dealing with unintended consequences since its inception. Nefarious? Hard to say, but unintended consequences speak for themselves. I suspect we're living the desired consequences. A centrally controlled economy.
Can anyone say NWO, read my lips no new taxes?

Anecdote: When I was in the Navy (65-68) when we were over seas and went to foreign ports we were encouraged to use Military Scrip so the foreigners couldn't exchange the Silver Certificates for Silver. And when I first traveled abroad, in the mid 70's, as a civilian it was strongly suggested we buy American Express Travelers Checks for the same reason. Now, FRN's are accepted world wide- the more places that accept them the more control is held over them. Considering our efforts at colonizing the world I'd say the consequences are as expected. Was Johnson behind it? I doubt we'll ever know. What we do know is where we are. Neither Democrats nor Republicans want to change it- and why would they? It feeds their life style coffers. Both use it for their favorite stuff which is determined by which way the wind is blowing on any given day, or who occupies the WH- I don't think most people even care as long as they can pay for stuff they accumulate/acquire with what they're *allowed* to keep of what they earn-

 

[georgephillip]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

 

[Toddsterpatriot]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

Liquidity Regulations and Banks' Demand for Reserves | St. Louis Fed

 

[georgephillip]

Now, FRN's are accepted world wide- the more places that accept them the more control is held over them. Considering our efforts at colonizing the world I'd say the consequences are as expected. Was Johnson behind it?

The economist Michael Hudson calls this "the Treasury bond standard of international finance." He claims it began as another unintended consequence in the immediate aftermath of WWII:

https://michael-hudson.com/wp-content/uploads/2010/03/superimperialism.pdf (P. 3)

"This Treasury-bond standard of international finance has enabled the United States to obtain the largest free lunch ever achieved in history.

"America has turned the international financial system upside down.

"Whereas formerly it rested on gold, central bank reserves are now held in the form of U.S. Government IOUs that can be run up without limit.

"In effect, America has been buying up Europe, Asia and other regions with paper credit – U.S. Treasury IOUs that it has informed the world it has little intention of ever paying off."

Perhaps this explains why the US pays so much for "national defense?"

 

[georgephillip]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

Liquidity Regulations and Banks' Demand for Reserves | St. Louis Fed

Private bankers wrote the new liquidity rules?
Were they rich?

 

[Toddsterpatriot]

Now, FRN's are accepted world wide- the more places that accept them the more control is held over them. Considering our efforts at colonizing the world I'd say the consequences are as expected. Was Johnson behind it?

The economist Michael Hudson calls this "the Treasury bond standard of international finance." He claims it began as another unintended consequence in the immediate aftermath of WWII:

https://michael-hudson.com/wp-content/uploads/2010/03/superimperialism.pdf (P. 3)

"This Treasury-bond standard of international finance has enabled the United States to obtain the largest free lunch ever achieved in history.

"America has turned the international financial system upside down.

"Whereas formerly it rested on gold, central bank reserves are now held in the form of U.S. Government IOUs that can be run up without limit.

"In effect, America has been buying up Europe, Asia and other regions with paper credit – U.S. Treasury IOUs that it has informed the world it has little intention of ever paying off."

Perhaps this explains why the US pays so much for "national defense?"

The economist Michael Hudson calls this "the Treasury bond standard of international finance."

Marxist economist mad because no one wants to hold Russian bonds as reserves?

U.S. Treasury IOUs that it has informed the world it has little intention of ever paying off."

When their bonds mature, the world is free to take stacks of $20s or $100s in exchange.
Or they could buy US goods. Or exchange the dollars for their preferred currency.

 

[Toddsterpatriot]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

Liquidity Regulations and Banks' Demand for Reserves | St. Louis Fed

Private bankers wrote the new liquidity rules?
Were they rich?

They did? Link?

 

[DOTR]

I dont see anything nefarious there...just an incredible lack of foresight and understanding.

This country has been dealing with unintended consequences since its inception. Nefarious? Hard to say, but unintended consequences speak for themselves. I suspect we're living the desired consequences. A centrally controlled economy.
Can anyone say NWO, read my lips no new taxes?

Anecdote: When I was in the Navy (65-68) when we were over seas and went to foreign ports we were encouraged to use Military Scrip so the foreigners couldn't exchange the Silver Certificates for Silver. And when I first traveled abroad, in the mid 70's, as a civilian it was strongly suggested we buy American Express Travelers Checks for the same reason. Now, FRN's are accepted world wide- the more places that accept them the more control is held over them. Considering our efforts at colonizing the world I'd say the consequences are as expected. Was Johnson behind it? I doubt we'll ever know. What we do know is where we are. Neither Democrats nor Republicans want to change it- and why would they? It feeds their life style coffers. Both use it for their favorite stuff which is determined by which way the wind is blowing on any given day, or who occupies the WH- I don't think most people even care as long as they can pay for stuff they accumulate/acquire with what they're *allowed* to keep of what they earn-

“The dollar is Our currency, but your problem.”

US President Richard Nixon's Treasury secretary John Connally Jr to complaints from foreign leaders about US monetary policy.

 

[Gdjjr]

When their bonds mature, the world is free to take stacks of $20s or $100s in exchange.
Or they could buy US goods. Or exchange the dollars for their preferred currency.

IOU's interest is paid with the fruits of your labor, collected for a privately held bank, by a publicly funded entity.
No conflict of interest there huh. Oh, they can buy goods anywhere with FRN's- spreading it around even more giving a central bank even more control = NWO- forced, or coerced anything can only last so long- however, mutual agreement ensures (and insures) a better trade for all participants.

 

[georgephillip]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

Liquidity Regulations and Banks' Demand for Reserves | St. Louis Fed

Private bankers wrote the new liquidity rules?
Were they rich?

They did? Link?

hey did? Link?

No private bankers here?

Federal Reserve Bank of St. Louis | Economic Data, Monetary Rates, Economic Education

 

[Toddsterpatriot]

When their bonds mature, the world is free to take stacks of $20s or $100s in exchange.
Or they could buy US goods. Or exchange the dollars for their preferred currency.

IOU's interest is paid with the fruits of your labor, collected for a privately held bank, by a publicly funded entity.
No conflict of interest there huh. Oh, they can buy goods anywhere with FRN's- spreading it around even more giving a central bank even more control = NWO- forced, or coerced anything can only last so long- however, mutual agreement ensures (and insures) a better trade for all participants.

IOU's interest is paid with the fruits of your labor

Yup. Our government spends and borrows way too much.

collected for a privately held bank, by a publicly funded entity.

Collected for everyone who holds Treasury Bonds, Notes and Bills.
Some of you tax dollars even make their way to a Treasury mutual fund I own. Thanks!

Oh, they can buy goods anywhere with FRN's

Of course, just as you're free to buy goods with your FRNs.

spreading it around even more giving a central bank even more control

Dude!

 

[Toddsterpatriot]

The new liquidity rules make banks prefer holding reserve balances at the Fed to making over night loans for a slightly higher interest rate.

Who wrote the new liquidity rules?

Liquidity Regulations and Banks' Demand for Reserves | St. Louis Fed

Private bankers wrote the new liquidity rules?
Were they rich?

They did? Link?

hey did? Link?

No private bankers here?

Federal Reserve Bank of St. Louis | Economic Data, Monetary Rates, Economic Education

Lots of private banks. Regulated by the US government and the Federal Reserve.

 

[Gdjjr]

Dude!

Yourself-