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Federal Reserve is what the call a 'quasi government agency'. Technically, it is a privately held corporation chartered by Congress.
America’s money is broken. The U.S. dollar has become nothing more than a tool to maintain the status of our ruling elite, at the expense of billions of families worldwide.From a logical, objective perspective, there is no justification for the current status quo. Why does the unconstitutional Federal Reserve get to manipulate the money? Where is the accountability in this process?It’s completely insane that politicians and shadowy, opaque actors at the Federal Reserve have control over the U.S. economy. If you’re trained in even the most basic frameworks of free market economics, you can easily understand the obvious economic and ethical shortcomings of a system that is micromanaged by very imperfect humans, rather than the forces of a free market.
Silver by weight has worked throughout history. Even the word "money" is really just the word for silver in many languages, like Irish and French.A British pound used to be literally a pound of silver. A pound of silver is now worth $320, but the British pound is worth $1.20. The rest was stolen from the public.
The Fed can be audited and abolished. But of course the globalists can’t have that, because the Fed is one of the tools they use to control us.
What is the meaning of the federal income tax being introduced in the same year (1913) as the Federal Reserve?
Federal Income tax is used to pay interest on the debt.
Federal Income tax is used to pay interest on the debt.They (the Federal Reserve) make money out of thin air and loan it to the banks at low interest. so the money must be repaid with interest but there is only the money, not the interest.When money was real, the only way to increase the money supply was to mine more of it.
The Fed is our real rulers
Permit me to issue and control the money of a nation, and I care not who makes its laws!Attributed to Mayer Amschel Rothschild (1744–1812). No primary source for this is known and the earliest attribution to him known is 1935 (Money Creators, Gertrude M. Coogan). Before that, "Let us control the money of a nation, and we care not who makes its laws" was said to be a "maxim" of the House of Rothschilds, or, even more vaguely, of the "money lenders of the Old World". This is a play on an English proverb, Let me make the songs of a nation, and I care not who makes its laws.
Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve. It didn’t work out to well for either of them.
Lincoln. Basically, he was not the great liberator, the civil war really had nothing to do with slavery, and he was extremely corrupt.
I know Lincoln did not care much for the negros,
Maybe hid did not "like" Negros, but he did not like slavery either. The charter of the Republican Party, which formed in 1850 and Lincoln led, had in it written explicitly that a main platform was the abolition of slavery.
@Onvacation - BTW - do you teach the Rust programming language? Somebody convinced me to get into it, it's really not terrible which I can't say about many languages.
@Onvacation - BTW - do you teach the Rust programming language? Somebody convinced me to get into it, it's really not terrible which I can't say about many languages.I picked it up recently. To me if programming languages were people Rust would be the autistic kid.
I'd like to see that evidence.
Maybe hid did not "like" Negros, but he did not like slavery either.
Federal Reserve is what the call a 'quasi government agency'.
but I doubt anyone will be able to point to any tax filings made by the Federal Reserve.
Central banks are part of the gov in every country.
Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve.
How Big Banks Fought Jackson, Killed Lincoln, and Caused the Civil War
Steve Bannon: The Federal Reserve Is the Biggest Scam They Have"0.5% of the citizens of this country own more assets than the bottom 90%. That's all happened over the last ten years since 2008.""We don't need to audit the Fed; we need to end the Federal Reserve! The Federal Reserve has usurped its power and the power of the American people and our elected representatives. And no, they do not have the consent of the governed. We will not comply, we will not submit, and it must be ended."
Another very illuminating interview with former Fed trader Joseph Wang…"They're definitely in their own world. The Fed does have a small army of economists. The typical Fed senior economist career path is kindergarten to PhD to the Fed, and become a Fed lifer.""Everyone who said inflation would be transitory and contributed to these policy errors - I'm sure they all work at the Fed still, so there's really no accountability.""The people who have a lot of influence on monetary policy and research - these people don't really have any real-world experience. They've never traded anything, they've never worked in the private sector, they've never ran anything...""Their experience is limited. It comes through textbooks mostly, so that's part of the reason why I think that some of the research and some of the things that come out of the Fed don't seem to make a lot of sense...""The incentives aren't there - ever - to do a very good job. That's kind of what happens at the Fed.""Many smart & motivated people join & learn a ton & then they leave. The bottom line is that if you're a company that doesn't have profit or loss & can never fail, there's really no point in trying to retain people. You become a place where people sit around & collect paychecks.""The people who eventually rise up to decision levels at the Fed, they tend to be there almost completely on the strength of tenure, whereas everyone else who could leave would go into the private sector and make a lot more money and be judged by what they can do.""There's this huge negative selection there [at the Federal Reserve] & I think it's really concerning because the Fed is such a powerful institution, yet many of the people who make these decisions don't really seem to have the knowledge or expertise that is suitable to the job."Gordon Johnson: "Is there a fear of inflation at the Fed, or do you think they just don't care?" Wang: "Well, they say they care a lot, but I don't know what's in their head."“Everyone who said inflation would be transitory and contributed to these policy errors - I'm sure they all work at the Fed still, so there's really no accountability."Without accountability, "from an incentive perspective there's no reason to really care whether or not you're doing a good job. So if we have high inflation, if we have to induce a recession to get inflation under control, that really doesn't affect anyone at the Fed." - Wang"They'll still have their jobs. They'll still get their increases, they'll still have their guaranteed pension, so there's an incentive problem here that's not easy to solve."
In our age of paper money with its accompanying kaleidoscope of paper, plastic, and electronic credit instruments, it is difficult to imagine an industrial society, like the German Empire before 1914, in which 52 to 65 percent of monetary circulation consisted of coinage. The daily transactions of most Germans were conducted with ten- and twenty-mark gold coins; one- to five-mark silver coins; five-, ten-, and twenty-five-pfennig nickel coins, and one- and two-pfennig copper coins. The Reichsbank, which had been assigned the task of “regulating the circulation of money in the entire territory of the Reich, facilitating currency transactions, and caring for the utilization of available capital,” viewed this dependence on coinage with increasing disapproval. The dependence on coins and even on cash transactions with paper money was proving to be an ungainly way of doing business. As international tensions mounted in the prewar years, the Reichsbank also considered the excessive circulation of coinage dangerous because it could act as an extreme brake on the Reichsbank’s ability to satisfy government liquidity requirements in the event of war. Thus, economic and military considerations went hand in hand as motives for Reichsbank policy…By the end of 1914, the Reichsbank gold holdings reached two billion marks, but Germany’s citizens were reminded by a broadsheet that five billion in gold had been coined and that it was their “holy duty” to give their gold to the Reichsbank. The public was also reminded that “every pfennig that is cleared without the use of cash is a weapon against the economic war of annihilation conducted by our enemy.” [Note that FDR’s Executive Order 6102 banned private gold ownership and defaulted on gold certificates in 1933 - RH[A particular effort was made to get schoolchildren to campaign among parents and their elders and thus assist in the national quest for gold. Instructive little brochures were produced with stories illustrating how bright children, properly instructed by their teachers, could extract the golden treasures hidden by shortsighted adults. Reading a brochure like “The Goldseekers at Work,” one wonders if the famed authoritarian upbringing of German children was not being sacrificed to Mammon by the Reichsbank.It tells the story of three Gymnasium students who verbally harass a fictional elderly grain merchant, Bernhard Lehmann, into turning in his gold for paper money and perform this patriotic deed during school hours with the approval of their teacher. It had apparently become acceptable, even charming, to tell Herr Lehmann that he was a “betrayer of the Fatherland” and “unthinking” because of his reluctance to part with the precious metal…[Nothing new under the Sun - RH]The plot thickens as Lehmann asks, “Actually, what prevents the Reichsbank from printing more money than three times its gold holdings?” but remains unconvinced when he is told that this would violate the law. He argues skeptically that, “If the law does not suffice anymore, then another will be made, as now occurs with fabulous speed. And then the Reichsbank will give out four or five times as much paper with all the advantages you mentioned also being there.” Undaunted, Schonfeld rises to the challenge, asking Lehmann if he would lend his money to someone with insufficient resources, even at a high interest rate. When Lehmann responds in the negative, his mind is prepared for the crucial lesson in the higher realms of state finance:”You see, Herr Lehmann, that’s the way it is. And it is just that way with paper money. Why does everyone take paper just as readily as gold, although, for example, even a thousand mark bill is nothing more than a scrap of paper? Because he knows that the Reichsbank is in a position to give gold for it at any moment, because he knows that he can count on the Reich. What would happen if the Reich began to print notes without paying attention to its gold stock? It would immediately suffer a loss of confidence. The notes would no longer be accepted, especially abroad, or if accepted, then it would be like those profiteers who supply 750 marks or less worth of goods for the 1000 marks you pay them. A mark would only be worth 75 pfennig abroad or, as one would say, the mark has a low value (exchange rate). Every trading operation with foreign nations for such a state, therefore, means a huge loss. So it is with Russia now, which has frequently made a law like the one you have proposed and has printed banknotes without restraint…[Think about this passage, and then think about today’s monetary system, where no one any longer even pretends money is backed by anything except force - RH]“As one might expect, the story ends with Lehmann cheerfully and appreciatively surrendering his hard-earned gold and the youngsters getting the next day off from school for their achievement…
What would happen if the Reich began to print notes without paying attention to its gold stock?
no one any longer even pretends money is backed by anything except force
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