Back in the 1980s, when Ma Bell (which owned 90% of local telephone companies and 100% of long distance and all were regulated) was being split apart (cell phones were one result of that split), there was a bumper sticker about Bell that was accurate then, and now is accurate to the Fed:
“We’re The Bell System. We Don’t Care. We Don’t Have To.”
The Federal Reserve is not Federal - it is a private banking cartel that was granted (illegally) permission over the US money supply. Rothschilds have their fingers in the pot was well as Warburg's. In 1913, the Federal Reserve was granted these rights without any public discussion - it was all hush-hush (Jekyll Island). The long and short of it is the US lost its sovereignty and is now beholden to some of the richest Zionists on the planet.
We really need to throw off the shackles of this credit/debt based economy. The National Socialists did it in Germany prior to WWII. There will never be an audit of the Federal Reserve and the ownership composition of the 25+ banks were given FOI act status meaning it is national security and will not be disclosed. Is that not a red flag?
The Fed Board of Governors doesn't print anything.
Per 12 USC §411-420, only the US Treasury (bureau of printing and engraving) actually creates federal reserve notes. They are not dollars as they are debt instruments denominated in dollars.
A dollar is actually defined per 31 USC §5112(e) as a weight of approximately one ounce of fine silver; it is nearly unchanged from the original Coinage Act of 1792 establishing what a dollar was and is.
The federal reserve note is literally credit, where the other side of the ledger is debt. They are borrowed into existence by the federal reserve district banks. That is why the current system cannot have any substantial contraction in credit. It must continually expand in aggregate credit, or the cascading defaults would upend the entire system.
That is just one reason they need to be audited. There has never been one...
At the very least they ought to cut operating expenses and fire half of their PhD economists, who can’t predict their way out of a paper bag.
Back in the 1980s, when Ma Bell (which owned 90% of local telephone companies and 100% of long distance and all were regulated) was being split apart (cell phones were one result of that split), there was a bumper sticker about Bell that was accurate then, and now is accurate to the Fed:
“We’re The Bell System. We Don’t Care. We Don’t Have To.”
The Federal Reserve is not Federal - it is a private banking cartel that was granted (illegally) permission over the US money supply. Rothschilds have their fingers in the pot was well as Warburg's. In 1913, the Federal Reserve was granted these rights without any public discussion - it was all hush-hush (Jekyll Island). The long and short of it is the US lost its sovereignty and is now beholden to some of the richest Zionists on the planet.
We really need to throw off the shackles of this credit/debt based economy. The National Socialists did it in Germany prior to WWII. There will never be an audit of the Federal Reserve and the ownership composition of the 25+ banks were given FOI act status meaning it is national security and will not be disclosed. Is that not a red flag?
Maybe Powell could ask the bank consortium for which he works for to write a check to the Treasury to bail his ass out.
40 years of economic buffoonery with the majority of americans paying very dearly . It's a damn casino
The Fed Board of Governors doesn't print anything.
Per 12 USC §411-420, only the US Treasury (bureau of printing and engraving) actually creates federal reserve notes. They are not dollars as they are debt instruments denominated in dollars.
A dollar is actually defined per 31 USC §5112(e) as a weight of approximately one ounce of fine silver; it is nearly unchanged from the original Coinage Act of 1792 establishing what a dollar was and is.
The federal reserve note is literally credit, where the other side of the ledger is debt. They are borrowed into existence by the federal reserve district banks. That is why the current system cannot have any substantial contraction in credit. It must continually expand in aggregate credit, or the cascading defaults would upend the entire system.