Federal Reserve Banking System

We all know the FED is a massive scam, at least most of you on here do.

I´m going to point out why exactly via an interesting article i came across.

So as to enlighten you and maybe open the eyes of some of our newer members.

I think i´ll touch upon some things even the most fanatic conspiracy theorist didn´t know.

So lets get to it.

Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in “Economic Solutions” where he lists the ten primary shareholders in the Federal Reserve banking system.

These shareholders are±

1) The Rothschild Family – London
2) The Rothschild Family – Berlin
3) The Lazard Brothers – Paris
4) Israel Seiff – Italy
5) Kuhn-Loeb Company – Germany
6) The Warburgs – Amsterdam
7) The Warburgs – Hamburg
8) Lehman Brothers – New York
9) Goldman & Sachs – New York
10) The Rockefeller Family – New York

For you Americans

Now I don’t know about you, but something is terribly wrong with this situation. Namely, don’t we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That’s 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, “Rule By Secrecy.

“He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:
1) Chase-Manhattan (controlled by the Rockefellers) – 6,389,445 shares – 32.3%
2) Citbank – 4,051,851 shares – 20.5%

So these two entities effectively control more then half of the FED!

Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our “selected” officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

SO WHERE DOES THE MONEY COME FROM?

We all know that the Federal Reserve CORPORATION prints money – then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let’s remember one thing about the very essence of banking – primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a “gold standard” (i.e. our money is backed by gold).

Some will laugh at the gold standard (and rightfully so) but let me continue.

So, with that in mind, let’s look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in “Why A Bankrupt America”). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here’s the catch – 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can “create” a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.

Quite a lucrative deal.

The banking industry calls this process “seignorage.” I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people’s money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I’m no genius, but who do you think is getting screwed in this process? US – the people at the bottom rung of the ladder.

What’s worse is that – now catch your breath – there’s NO MORE gold left in Fort Knox! It’s all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can’t convert our money into gold — only other currency. The entire underlying basis for our money is now a lie – a sham. The Federal Reserve has become so arrogant that they’ve become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that’s where the Fed gets their money – they literally make it, then lend it to us so they can make even MORE money off of it.

MONEY AS A RELIGION

I heard this statement many many times on ATS.
Money only exists and has value because we've got faith in it.

William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, “Secrets of the Temple: How the Federal Reserve Runs the Country” that details how the Controllers have conditioned us to accept this absurd situation.

he writes, “it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.

Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There’s no more gold in Fort Knox. It’s all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value.

In essence this is what is happening:

money has become nothing more than an illusion – an electronic figure or amount on a computer screen. That’s it! As time goes on, we have an increasing tendency toward being sucked into this Wizard of Oz vortex of unreality. Think about it. Americans as a whole are carrying more personal debt than in any other time in history. Plus our government keeps going further and further into the hole, with no hope of ever crawling out. But we have less and less actual MONEY!

Aaron Russo on the FED and how to stop it



In the next post i'll copy and paste a historical timeline that is of much importance.
So please don't respond yet and for the mods, please don't delete the timeline for being a copy and paste job.

HISTORICAL OUTLINE

1st: Martial Law is declared by President Lincoln on April 24th, 1863, with General Orders No. 100; under martial law authority, Congress and President Lincoln institute continuous martial law by ordering the states (people) either conscribe troops and or provide money in support of the North or be recognized as enemies of the nation; this martial law Act of Congress is still in effect today. This martial law authority gives the President (with or without Congress) the dictatorial authority to do anything that can be done by government in accord with the Constitution of the United States of America. This conscription act remains in effect to this very day and is the foundation of Presidential Executive Orders authority; it was magnified in 1917 with The Trading with the Enemy Act (Public Law 65-91, 65th Congress, Session I, Chapters 105, 106, October 6, 1917). and again in 1933 with the Emergency War Powers Act, which is ratified and enhanced almost every year to this date by Congress. Today these Acts address the people of the United States themselves as their enemy.

2nd: The District of Columbia Organic Act of 1871 created a “municipal corporation” to govern the District of Columbia. Considering the fact that the municipal government itself was incorporated in 1808, an “Organic Act” (first Act) using the term “municipal corporation” in 1871 can only mean a private corporation owned by the municipality. Hereinafter we will call that private corporation, “Corp. U.S.” By consistent usage, Corp. U.S. trademarked the name, “United States Government” referring to themselves. The District of Columbia Organic Act of 1871 places Congress in control (like a corporate board) and gives the purpose of the act to form a governing body over the municipality; this allowed Congress to direct the business needs of the government under the existent martial law and provided them with corporate abilities they would not otherwise have. This was done under the constitutional authority for Congress to pass any law within the ten mile square of the District of Columbia. Follow this link to see the effect of the District of Columbia Act of 1871.

3rd: In said Act, Corp. U.S. adopted their own constitution (United States Constitution), which was identical to the national Constitution (Constitution of the United States of America) except that it was missing the national constitution’s 13th Amendment and the national constitution’s 14th, 15th and 16th amendments are respectively numbered 13th, 14th and 15th amendments in the Corp. U.S. Constitution. At this point take special notice and remember this Corp. U.S. method of adopting their own Constitution, they will add to it in the same manner in 1913.

4th: Corp. U.S. began to generate debts via bonds etc., which came due in 1912, but they could not pay their debts so the 7 families that bought up the bonds demanded payment and Corp. U.S. could not pay. Said families settled the debt for the payments of all of Corp. U.S.’ assets and for all of the assets of the Treasury of the United States of America.

5th: As 1913 began, Corp. U.S. had no funds to carry out the necessary business needs of the government so they went to said families and asked if they could borrow some money. The families said no (Corp. U.S. had already demonstrated that they would not repay their debts in full). The families had foreseen this situation and had the year before finalized the creation of a private corporation of the name “Federal Reserve Bank”. Corp. U.S. formed a relationship with the Federal Reserve Bank whereby they could transact their business via note rather than with money. Notice that this relationship was one made between two private corporations and did not involve government; that is where most people error in understanding the Federal Reserve Bank system—again it has no government relation at all. The private contracts that set the whole system up even recognize that if anything therein proposed is found illegal or impossible to perform it is excluded from the agreements and the remaining elements remain in full force and effect.

6th: Almost simultaneously with the last fact (also in 1913), Corp. U.S. adopts (as if ratified) their own 16th amendment. Tax protesters challenge the IRS tax collection system based on this fact, however when we remember that Corp. U.S. originally created their constitution by simply drafting it and adopting it; there is no difference between that adoption and this—such is the nature of corporate enactments—when the corporate board (Congress) tells the secretary to enter the amendment as ratified (even thought the States had not ratified it) the Se3cretary was instructed that the Representatives word alone was sufficient for ratification. You must also note, this amendment has nothing to do with our nation, with our people or with our national Constitution, which already had its own 16th amendment. The Supreme Court (in BRUSHABER v. UNION PACIFIC R. CO., 240 U.S. 1 (1916)) ruled the 16th amendment did nothing that was not already done other than to make plain and clear the right of the United States (Corp. U.S.) to tax corporations and government employees. We agree, considering that they were created under the authority of Corp. U.S.

7th: Next (also 1913) Corp. U.S., through Congress, adopts (as if ratified) its 17th amendment. This amendment is not only not ratified, it is not constitutional; the nation’s Constitution forbids Congress from even discussing the matter of where Senators are elected, which is the subject matter of this amendment; therefore they cannot pass such and Act and then of their own volition, order it entered as ratified. According to the United States Supreme Court, for Congress to propose such an amendment they would first have to pass an amendment that gave them the authority to discuss the matter.

8th: Accordingly, in 1914, the Freshman class and all Senators that successfully ran for reelection in 1913 by popular vote were seated in Corp. U.S. Senate capacity only; their respective seats from their States remained vacant because neither the State Senates nor the State Governors appointed new Senators to replace them as is still required by the national Constitution for placement of a national Senator.

9th: In 1916, President Wilson is reelected by the Electoral College but their election is required to be confirmed by the constitutionally set Senate; where the new Corp. U.S. only Senators were allowed to participate in the Electoral College vote confirmation the only authority that could possibly have been used for electoral confirmation was corporate only. Therefore, President Wilson was not confirmed into office for his second term as President of the United States of America and was only seated in the Corp. U.S. Presidential capacity. Therefore the original jurisdiction government’s seats were vacated because the people didn’t seat any original jurisdiction government officers. It is important to note here that President Wilson retained his capacity as Commander in Chief of the military. Many people wonder about this fact imagining that such a capacity is bound to the President of the nation; however, When John Adams was President he assigned George Washington to the capacity of Commander in Chief of the military in preparation for an impending war with France. During this period, Mr. Adams became quite concerned because Mr. Washington became quite ill and passed on his acting military authority through his lead General Mr. Hamilton and Mr. Adams was concerned that if war did break out Mr. Hamilton would use that authority to create a military dictatorship of the nation. Mr. Adams averted the war through diplomacy and the title of Commander in Chief was returned to him.

10th: In 1917, Corp. U.S. enters W.W. I and passes their Trading with the Enemies Act.

11th: In 1933, Corp. U.S. is bankrupt, they force a banking holiday to exchange money backed Federal Reserve Notes with “legal tender” Federal Reserve Notes the Trading with the Enemies Act is adjusted to recognize the people of the United States as enemies of Corp. U.S.

12th: Some time after 1935, you ask Social Security Administration for a relationship with their program. With the express purpose of generating Beneficiary funds to United States General Trust Fund (GTF) the Social Security Administration creates an entity with a name (that sounds like your name but is spelled with all capital letters) and an account number (Social Security number). They give you the Social Security card and let you know that the card does not belong to you but you are to hold it for them until they want it back. If you are willing to accept that responsibility over the card you activate the card by signing it, which gives you the ability to act as the fiduciary for the cards actual owner Corp. U.S. and you can use the card’s name and number to thus transact business relations for the card’s actual owner. You are also to note that though the card verifies its agency (you as the single person with authority to control the entity so created) it is not for use as identification. On review: notice the Social Security Administration was the creator of the entity, they offered you the opportunity to serve its Trustee capacity (by lending it actual consciousness and physical capacity), they gave you something (the card) that does not belong to you to hold in trust and they reserved the actual owner of the thing (Corp. U.S.) as the beneficiary of the entity—by definition, this only describes the creation and existence of a Trust. More importantly: the name they gave this Trust is not your name, the number they gave the Trust is not your number and your lending actual consciousness and physical capacity to this Trust’s Trustee capacity does not limit you or your capacity to separately act in your natural sovereign capacity in any way—what you do, when you do it and how you do it is still totally up to you.

13th: In 1944, under the Bretton Woods Agreement, Corp. U.S. is quit claimed to the International Monetary Fund, and becomes a foreign controlled private corporation.

14th: In 1962, considering the states were forced to carry out their business dealings in terms of Federal Reserve Notes (foreign notes), which is forbidden in the national and State constitutions, out of the necessity the states began protecting themselves from the people by forming corporations like Corp. U.S. Accordingly, those newly formed corporate state administrations began adopting Corp. U.S. suggested uniform codes and licensing structures that allowed better and more powerful control over the people, which thing the original jurisdiction governments of this nation had no capacity to do. Our Constitutions secure that the governments do not govern the people rather they govern themselves in accord with the limits of Law. The people govern themselves. Such is the foundational nature of our Constitutional Republic.

15th: By 1971, every State government in the union of States had formed such private corporations (Corp. State), in accord with the IMF admonition, and the people ceased to seat original jurisdiction government officials in their State government seats.

END THE FED!!

Not just for America's sake, your children's sake and your children children's sake but for EVERYONE.

We gotta wait for our generation to take over, a few decades

I definitely agree that the control of governments by private central financial institutions is probably the biggest problem facing the planet today... one definitely not limited to the U.S.

That said, I would love to know your source for the identity of the shareholders of the Federal Reserve.

To my knowledge and understanding, these have always remained confidential, and, in fact, have never been made public.

If nothing else, the amount of secrecy surrounding the FED, among most every other private central bank on the planet, should be reason enough for total outrage by the citizens and an insistence on transparency. In my humble opinion (one I know to be shared by many here on ATS) if a light were ever to be shown on the workings of these central banks, they would not survive for very long!

the Billmeister

agreed. Nice. You laid this out very well. I think a problem we face is that once we spend so much time and effort trying to understand something so simple yet so over complicated to occult its true importance, we lack the energy or ability to send the message to others. We would rather they find it for themselves or at least we think it is the only way for them to truly understand.

You have successfully put together a piece that offers more than one angle of seeing the problem, offering potential eye openers to many who are misinformed due to the conditioning we have been living under.

Bravo for the Kapow posts. Nice.

Immortal technique......it only helps. I have to admit after reading your threads I always end the day with at least one immortal technique song.

reply to post by Billmeister


the shareholders info came from this man:

Jim Marrs



and this book written by Marrs

reply to post by BIHOTZ


thank you for your kind words, as always

Immortal technique......it only helps. I have to admit after reading your threads I always end the day with at least one immortal technique song

haha

I only encourage you to listen some more

you probably know this already but not to long ago he released a new album 'The Martyr'

do some googling and you might find it for free on the nets

The shareholders of each FRB are its member banks. They do not have the usual bundle of rights associated with ownership. Entities outside a district can, by law, only hold a very tiny amount of non-voting stock (and I do not know if this happens in practice). After paying its own costs and statutory dividends, the Fed's profits are given to the United States.

10 USC 283:
"No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in any Federal reserve bank."

10 USC 285:
"Stock not held by member banks shall not be entitled to voting power."

10 USC 290:
"The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury."

The Fed turned 75 billion dollars over to the US this year. That is where the profits of your "for profit" corporations go.

Your source is wrong about two entities controlling more than half of the Fed. Only three members of a FRB board of directors may be elected from member banks, and they are divided between large, medium, and small banks. The member banks elect three more from the public, and the Board of Governors appoints the final three from public life (and they may not hold any stock in any bank). The Board of Governors itself is nominated by the President and confirmed by the Senate.

The Fed's answer to the question of ownership.
And directors.

Thanks!

Amazon... here comes more of my money!

the Billmeister

Thanks for the info, I am sure to sink my teeth into this when I get home. SnF for you

I just wanted to add if anyone is interested in this subject please watch the old documentary "Money Masters" which came out in the early 90's. It's 3 or 4 hours but very informative.

Well done OP, I can only echo the sentiments of previous posters, I found your post very easy to follow.
This is my personal top of the list as it were, of things people are missing that they really have an opportunity to better grasp with minimal investment in time.
The three Zeitgeist movies cover it very well (sure I don't need to post links), but see below:

www.youtube.com...
video.google.com...#
www.youtube.com...

Money as Debt puts it in a way even most kids in the classroom would understand

www.youtube.com...
www.youtube.com...
www.youtube.com...

And for me, The Secrets of Oz, by Bill Still, should be almost compulsory:
www.youtube.com...

When talking about money and debt to friends, they cannot believe there just isn't enough money in peoples' pockets to pay it all off, and that by definition, because all money is created out of debt, every bit of money you do own, is owed to someone.
As far as helping to educate people of the scale of the problem, the debt clock is a great visual:
www.usdebtclock.org...

Sorry it is just a bunch of links, which many of you will have seen at least once, but if one of you has not seen one of them, I consider it 5 minutes of my time well spent.
Keep up the good work.

Rest in Peace Mr. Russo…….

Thanks OP this is the single most important subject, the fundamental first steps in getting the world back in the hands of the people and out of the hands of the banking cabal, lobbyist, corporations, Wall Street etc. etc.

To think that not to long ago, I was part of the same blind sheep that didn’t realize the fleecing that has taken place, not because I lost my house, or stocks, or even my retirement fund, but because I saw the destruction that took place all around me whether it was friend’s family or neighbors or my coworkers who lost their jobs.

Around a year ago, or so, I started to do my own research just out of sheer curiosity wondering why did things get so bad? From what seemed so good.

This lead me to various sites and knowledge I never thought imaginable mostly because I trusted in the system and never thought much about it, well until now. Oh and by the way I am not referring to real stories not UFO, Illuminati, or anything like that.

I get sick at the very subject of this post, every time I think that the wealthiest of people because of greed and power # on all of us I wont to go thermal nuclear.

Think about what this very post suggest! I mean give it a real good hard look.
If you think about all the people that are in on this it is downright scary not in the sense of personally being scared but that the people put in place that we put in powers of position are all in on it and laugh in our face like we are some dumb #S and don’t know any better and more over they don’t even hide the facts its all in front of us.

I haven’t really posted much here I kind of prowl but now I frequent the site for real news. Thanks for allowing me to rant a little am not a writer so sorry in advance for letting me rant bad English and grammar aside.
I wish some day soon people will wake up and see but a lot of people don’t want to be bothered away from dancing with the stars or American idol.

reply to post by kn0wh0w


Nice thread, and good information... S+F

Originally posted by kn0wh0w
For you Americans

Americans are Capitalist... it's just a tool.

when they take "in God we trust" off of the money it may draw my attention.

We might be able to pay off the FED if we had some of those industrialists that
died in the Titanic act of God in 1912. The iceberg sent by God of course and
no conspiracy act on man unless we headed for the nearest iceberg on purpose.
There might have been some free energy thinking back than as was destroyed
and now at least delayed for a few hundred years more.

Would they generate for free (at no cost) and make everyone pay as usual.
The generators are still with us and the only thing the FED fears.

thank you for this thread, all humans should know of this epic scam and take actions to put it to an end..



THANK YOU

End of the Road; How Money Became Worthless - Documentary TRAILER

www.youtube.com...

Soon-to-be released film on the looming international monetary collapse. endoftheroadfilm.com....

i watched the full doc, good stuff

dollars.....paper with drawings on them, lol

what's the difference between a 5 dollar bill and a 100 dollar bill?

different artwork...


LOL


epic scam

lol

reply to post by FurvusRexCaeli


Your post is a bit confusing and contradictory.

First I believe it is USC 12, not 10.

"The shareholders of each FRB are its member banks.", (the standard Fed storyline) is both true and false, but 12 USC 1285 "Stock NOT HELD BY MEMBER BANKS shall not be entitled to voting power." contradicts your/the Fed line.

Member banks do own a class of voting stock in relation to their deposits but, 12 USC 1283, titled PUBLIC subscription says "NO INDIVIDUAL... shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in ANY Federal reserve bank.". So an individual could own $25,000 in par value in each of the 12 Fed banks. How many chose to do so? What was the par value?

Such INDIVIDUAL Fed stock subscription was allowed until 1941 when the Fed advised (see an ANNOTATED version of 12 USC) the treasury that the stock had been fully subscribed by the MEMBER BANKS and the treasury was thus no longer obligated to buy any remaining unsubscribed shares. IMO 1941 saw a massive influx of war threatened European money.

Over 30 years ago, in an attempt to determine the extent, if any, of individual / non member bank ownership, I hounded the Fed and then Senator William Proxmire with many questions like how many shares are outstanding versus how many voted. It was a futile endeavor as I never got a straight answer!