Fed-Up



CARTOON CHARACTER
or
THE FEDERAL RESERVE

Who is more goofy?

Hope this question made you smile for a moment, because the answer is grim indeed.

Don't lose heart now for the greater the problem - even greater is the opportunity!

Shout GLORY!

GENERAL OPERATION OF FED

The Federal Reserve creates digital money (not printed paper) to purchase US Bonds in order to pay the interest on our national debt, and balances its books by passing the obligation to banks. On Federal Reserve website it cleverly states, "Federal Reserve purchases of Treasury securities do not involve printing money, the increase in the Federal Reserve's holdings of Treasury securities is matched by a corresponding increase in reserve balances held by the banking system." Todate this has created a $60 trillion in bank debts the benefit of elitist banksters.

Bank debt of $60T is 5 times the Gross national product (GNP - the total market value of all the products and services produced in one year by the citizens of a country). It does not include the 20 trillion national debt, which amounts to $50 thousand dollars debt on every person in the USA.

This a major part of the financial tsunami currently approaching the United States.

PROBLEM WITH THE FEDERAL RESERVE

Most people in Americaa have no idea what the Federal Reserve has been doing for the last 100 years. The public doesn't realize the Federal Reserve (Fed) is not a part of the federal government, but is actually a private organization, controlled by the wealth elite, who seem to think they are entitled to enslave the world for their personal agendas.

In the simplest of terms, the Fed exchanges green pieces of paper (Federal Reserve Note called dollars created by a printing press) for pink pieces of paper (U S Bonds). The taxpayers guarantees the Fed 6% interest on these bonds plus all its operating expenses. The green money is then lent to banks, who pay the Fed another 2% interest.

Banks can lend that new money to the US Treasury for $4.5%. Or even better, banks can lend 10 times that amount (called the reserve system) at whatever interest rate the market will bear. So if the bank borrows $1 million from the Fed, it can loan $10 million to its customers. Do the math: 10 times say 10% interest yields 100% increase for the bank per year, while paying the Fed 2%.

So, what are these printed pieces of paper actually worth? The Fed has no gold, and the dollar hasn't been backed by gold since 1971. There is only a modest amount of gold in Fort Knox, and there factors far worst than even this.

It has been reported that over the last 100 years the Fed has issued bonds for gold with face amounts and interest due totaling $2,000,000,000,000 (yes, that's two quadrillion dollars). There isn't that much gold in the entire world (except an ancient reserve kept in storage for a time such as this).

One analyst writes: "The Federal Reserve has been bleeding this country to death for a century. What the dollar bought 100 years ago, can only buy three cents of product today. This means that 97% of the value of our currency has gone into the pockets of the Federal Reserve for the past 100 years."

This cabal of corruption is far beyond goofy; it is a disaster of epic proportions!

- so what's going to happen now?

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