Wrong!
Privately owned companies do not have their chairman and board members picked by the president of the US and confirmed by congress,
Another item of note, the current US Secretary of the Treasury is the previous chairman of the Fed, that sure seems like a conflict of interest for your “privately owned company”
There is an old saying
Fool me once, shame on you, Fool me twice shame on me, fool me three times then I must be a Bernie Sanders supporter
There is no other Agency of Government that can Over-rule the decision the Federal Reserve make! The United States Government does not own our currency.
In reality, theThe Federal Reserve act created a private, for profit, central banking corporation owned by a cartel of private banks. The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black’s Law Dictionary defines the “Federal Reserve System” as: “A Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves.” Privately-owned banks own the stock of the FED.
Why the Federal Reserve Violates the U.S. Constitution." Dr. Paul discusses the origins, operations and results of the Federal Reserve System and fiat currency on the U.S. and global economy.
John P. Curran
“Article 1, Section 8 of the US Constitution specifically says that Congress is the only body that can “coin money and regulate the value thereof.” The US Constitution has never been amended to allow anyone other than Congress to coin and regulate currency. So what’s the Federal Reserve?
On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed by President John Fitzgerald Kennedy with the intention to strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest.
With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. This matter has been exhaustively researched by the Christian Common Law Institute through the Federal Register and Library of Congress, and the Institute has conclude that President Kennedy’s Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
Executive Order 11110 was issued by U.S. President John F. Kennedy on June 4, 1963.
When Kennedy signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency- money without going through the privately owned Federal Reserve Bank. President Kennedy’s Executive Order 11110 gave the Treasury Department the explicit authority: to issue silver certificates
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued.
https://foundationfortruthinlaw.org/jfk-vs-fed.html
There is no way to save Falstff and crew, but best wishes to both
The Blind Leading The Blind with Falstff and crew
Anyone here still in denial of the CIA ran deep state and how liberals/left are supporting it
Elite banking families – including the Rockefellers, Rothschilds, and Morgans – have gained control of the global economy through the central banking system. They set up the Federal Reserve in the US in 1913 and have been manipulating the market to benefit themselves ever since. This timeline shows the pattern of American Presidents being assassinated after challenging central bankers and their monopoly on money, and the Federal Reserve’s artificial creation of booms and busts that causes people to lose their jobs, homes, and retirements, while the bankers further consolidate wealth and control.
1694 – Bank of England Established
First Central Bank established in the UK. Served as model for most modern central banks.
1744- Mayer Amschel Rothschild, Founder of the Rothschild Banking Empire, is Born in Frankfurt, Germany
Mayer Amschel Rothschild extended his banking empire across Europe by carefully placing his five sons in key positions. They set up banks in Frankfurt, Vienna, London, Naples, and Paris. By the mid 1800’s they dominated the banking industry, lending to governments around the world and people such as the Vanderbilts, Carnegies, and Cecil Rhodes.
1757- Colonial Scrip Issued in US
Debt free, fiat currency was printed in the public interest. As Benjamin Franklin said,
“In the colonies we issue our own money. It is called colonial scrip. We issue it in proper proportion to the demands of trade and industry to make the products pass easily from the producers to the consumers. In this manner, creating for ourselves our own paper money, we control its purchasing power and we have no interest to pay no one.”
1776 – American Independence
1791 – Congress Creates the First US Bank – A Private Company, Partly Owned by Foreigners – to Handle the Financial Needs of the New Central Government
Previously, the 13 states had their own banks, currencies and financial institutions.
1816 – The Privately Owned Second Bank of the US was Chartered – It Served as the Main Depository for Government Revenue, Making it a Highly Profitable Bank
1832 – Andrew Jackson Campaigns Against the 2nd Bank of the US and Vetoes Bank Charter Renewal
Andrew Jackson was skeptical of the central banking system and believed it gave too few men too much power and caused inflation. He was also a proponent of gold and silver and an outspoken opponent of the 2nd National Bank. The Charter expired in 1836.
1833 – President Jackson Issues Executive Order to Stop Depositing Government Funds Into Bank of US
By September 1833, government funds were being deposited into state chartered banks.
Jan 30, 1835 – Jackson Escapes Assassination
Assassin misfired twice.
1833-1837 – Manufactured “boom” created by central bankers – money supply Increases 84%, Spurred by the 2nd Bank of the US
The total money supply rose from $150 million to $267 million.[1]
1837-1843 – Terrible Depression
343 of the 850 banks in the US closed entirely as largest banks consolidated wealth and power.[2]
1861 – American Civil War
1862-1863 Lincoln Over Rules Debt-Based Money and Issues Greenbacks to Fund the War
Bankers would only lend the government money under certain conditions and at high interest rates, so Lincoln issued his own currency – “greenbacks” – through the US Treasury, and made them legal tender. His soldiers went on to win the war, followed by great economic expansion.
April 15, 1865 – Lincoln Assassinated
1881- President James Garfield, Staunch Proponent of “Honest Money” Backed by Gold and Silver, was Assassinated
Garfield opposed fiat currency (money that was not backed by any physical object) and was a strong advocate of a bi-metal monetary system. He had the second shortest Presidency in history.
1907- Banking Panic of 1907
The New York Stock Exchange dropped dramatically as everyone tried to get their money out of the banks at the same time across the nation. This banking panic spurred debate for banking reform. JP Morgan and others gathered to create an image of concern and stability in the face of the panic, which eventually led to the formation of the Federal Reserve. The founders of the Federal Reserve pretended like the bankers were opposed to the idea of its formation in order to mislead the public into believing that the Federal Reserve would help to regulate bankers when in fact it really gave even more power to private bankers, but in a less transparent way.
1908 – JP Morgan Associate and Rockefeller Relative Nelson Aldrich Heads New National Monetary Commission
Senate Republican leader, Nelson Aldrich, heads the new National Monetary Commission that was created to study the cause of the banking panic. Aldrich had close ties with J.P. Morgan and his daughter married John D. Rockefeller.
1910 – Bankers Meet Secretly on Jekyll Island to Draft Federal Reserve Banking Legislation
Over the course of a week, some of the nations most powerful bankers met secretly off the coast of Georgia, drafting a proposal for a private Central Banking system. Those in attendance included Nelson Aldrich, A.P. Andrew (Assistant Secretary of the Treasury), Paul Warburg (Kuhn, Loeb, & Co.), Frank Vanderlip (President of National City Bank of New York), Charles D. Norton (president of the Morgan-dominated First National Bank of New York), Henry Davidson (Senior Partner of JP Morgan Co.), and Benjamin Strong (representing JP Morgan).
Dec 23, 1913 – Federal Reserve Act Passed
Two days before Christmas, while many members of Congress were away on vacation, the Federal Reserve Act was passed, creating the Central banking system we have today. It was based on the Aldrich plan drafted on Jekyll Island and gave private bankers supreme authority over the economy. They are now able to create money out of nothing (and loan it out at interest), make decisions without government approval, and control the amount of money in circulation.
1913 – Income tax established -16th Amendment Ratified
Taxes ensured that citizens would cover the payment of debt due to the Central Bank, the Federal Reserve, which was also created in 1913.The 16th Amendment stated: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.”
1914 – JP Morgan and Co. Profits from Financing both sides of War and Purchasing Weapons
J.P. Morgan and Co. made a deal with the Bank of England to give them a monopoly on underwriting war bonds for the UK and France. They also invested in the suppliers of war equipment to Britain and France.
November 1914 – Federal Reserve Banks Open
1921-1929 – The “Roaring 20’s” – The Federal Reserve Floods the Economy with Cash and Credit
From 1921 to 1929 the Federal Reserve increased the money supply by $28 billion, almost a 62% increase over an eight-year period.[3] This artificially created another “boom”.
1929 – Federal Reserve Contracts the Money Supply
In 1929, the Federal Reserve began to pull money out of circulation as loans were paid back. They created a “bust” which was inevitable after issuing so much credit in the years before. The Federal Reserve’s actions triggered the banking crisis, which led to the Great Depression.
October 24, 1929 – “Black Thursday”, Stock Market Crash
The most devastating stock market crash in history. Billions of dollars in value were consolidated into the private banker’s hands at the expense of everyone else.
1930- Great Depression Begins
1929-1933- Federal Reserve Reduces Money Supply by 33%
June 4, 1963 – Kennedy Issued an Executive Order (11110) that Authorized the US Treasury to Issue Silver Certificates, Threatening the Federal Reserve’s Monopoly on Money
This government issued currency would bypass the governments need to borrow from bankers at interest.
Nov. 22, 1963 - Kennedy Assassinated
December 1963 – Johnson Reverses Kennedy’s Banking Rule and Restores Power to the Federal Reserve
1999 – The Financial Services Modernization Act Allows Banks to Grow Even Larger
Many economists and politicians have recognized that this legislation played a key part in the subprime mortgage crisis of 2007. It repealed part of the Glass-Steagall Act of 1933 and allowed investment banks, commercial banks, securities firms, and insurance companies to merge. Citigroup was a major proponent of this particular bill (it had already merged with Travelers Insurance and needed to find a way to legally keep the corporation together). The government gave Citi officials the opportunity to review and approve drafts before the legislation was introduced and to modify it as they desired. Robert Rubin, Treasury Secretary at the time, helped move the bill forward in early 1999. He then stepped down from the Treasury position in July, joined CitiGroup in October, and the bill was passed in November. The Center for Responsive Politics also found that members of Congress who supported the bill received twice as much money from the banking sector than those who opposed it.[4]
2000-2003 – The Federal Reserve Extends “Easy Credit”, Lowers the Federal Fund Rate from 6.5% to 1% [5] and Sets up Another Financial “Boom”
2004 – Investment Banks and the SEC Cut a Deal
On April 28, 2004, five of the biggest investment banks, including Bear Stearns and Goldman Sachs (then run by Henry Paulson, who later became Secretary of the Treasury), met with members of the Securities and Exchange Commission (SEC), urging them to allow voluntary regulation of themselves, so they could determine themselves how much money they could make up out of nothing to loan into circulation. This is known as the banks leverage ratio, or amount of assets to borrowing ratio. Up until 2004, the amount of debt the banks could take on was limited. However, in 2004, the SEC agreed to let banks regulate themselves and take on as much debt as they wanted, therefore unleashing billions of dollars for high-risk investment packages. Under this new voluntary regulation the Bear Stearns ratio, for example, jumped to 33 to 1.[6] Not long after, the economy collapsed and financial wealth and power was again further consolidated into the hands of the private bankers who run the Federal Reserve.
2004-2006 – Federal Reserve Sets Off New “Bust” by Making Loans and Adjustable Rate Mortgages More Expensive, Raising Fed Fund Rates to 5.25% [7] , This contracts the market.
2007-2010 – Worst Financial Crisis Since the Great Depression
The financial crisis impacted people around the world – millions lost their homes, jobs, and retirement funds. Many of the smaller banks were absorbed by others, which allowed the biggest banks to further consolidate wealth and eliminate competition. In 2008, J.P. Morgan Chase & Co. bought up both Washington Mutual (the biggest bank to “fail” in the history of the United States) and Bear Stearns (the fifth largest investment bank).
2010 – JP Morgan Chase Reports Record Profits
The bank made a record profit of $17.4 Billion in 2010. [8]
http://www.thrivemovement.com/banking-history-timeline-follow-money
In Congressional hearing, the financial terrorist at the privately owned Federal Reserve Bank admit they lost over 9 trillion dollars!
Abolish The Fed And Return Money Creation Power To Congress
Congressman Ron Paul has led a congressional campaign to abolish the Federal Reserve by introducing legislation in the 106th, 107th, 108th, and 110th Congresses. Each time it died in committee, but he’s not deterred. He believes it’s essential to:
– end a private banking cartel’s illegal monopoly over the nation’s money supply and price;
What Baron MA Rothschild meant by saying:
"Give me control over a nation’s currency and I care not who makes its laws." Today it applies globally,
https://bushguiltyof911.com/monetarysystem/fed_abolish.htm
Congress has already created 29 trillion out of thin air, what is going to change by giving them even more power.
Be careful what you ask for Mrs. Mayor, you may not like the answer
The answer being a welfare system that forces fathers out of the home
A weak black female mayor is only adding fuel to an already burning city
The American Israel Public Affairs Committee ( AIPAC / ˈeɪpæk / AY-pak) is a lobbying group that advocates pro- Israel policies to the Congress and Executive Branch of the United States. The current president of AIPAC is Betsy Berns Korn. One of several pro-Israel lobbying organizations in the United States, AIPAC states that it has over 100,000 members, 17 regional offices, and “a vast pool of donors.”
American elected officials falling over themselves in an unseemly attempt to ‘pledge allegiance’ to a foreign government and its domestic lobby.
Former US lawmaker Cynthia McKinney says every candidate for Congress has to sign a pledge to vote for supporting the military superiority of Israel.
In 2017 the Texas Legislature enacted a law requiring all persons signing a contract for work or business with the state to sign an oath vowing they are not now engaged and will not in the future engage in any boycott of Israel or its territories. If you yourself wanted to contract with any entity that falls within state government, you would have to sign the same oath. It means promising, among other things, that you will never speak in support of a boycott of Israel or make a personal decision not to buy an Israeli-made product based on political reasons.
67 Senators, 270 Representatives Pledge Allegiance to Israel at AIPAC
The power of AIPAC and the Israeli Loyalists in America and France, England, and Germany is on full display as Congress, State Legislatures, and parliaments are succumb to Israel’s rescues shielding it from accountability under international laws.
It is a dangerous precedent when American citizens, by force of the law, are commanded and ordered to give loyalty to the foreign State of Israel creating dangerous precedent making Israel, the only exception to our constitutional, political and economic indeed the Republic form of government.
President Woodrow Wilson fearing Dual Loyalties
“The passions and intrigues of certain active groups and combinations of men amongst us who were born under foreign flags injected the poison of disloyalty into our most critical affairs…
“I am the candidate of a party, but I am above all things else, an American citizen. I neither seek the favor nor fear the displeasure of that small alien element amongst us which puts loyalty to any foreign power before loyalty to the United States.”
“There is disloyalty active in the United States, and it must be absolutely crushed. It proceeds from … a very small minority, but a very active and subtle minority. It works underground but it shows its ugly head where we can see it, and there are those at this moment who are trying to levy a species of political blackmail, saying: ‘Do what we wish in the interest of foreign sentiment or we will wreak our vengeance at the polls.’”
Congress declares :“We all have to Pledge Allegiance to Israel now”
[President Woodrow Wilson fearing Dual Loyalties]
“The passions and intrigues of certain active groups and combinations of men amongst us who were born under foreign flags injected the poison of disloyalty into our most critical affairs…
“I am the candidate of a party, but I am above all things else, an American citizen. I neither seek the favor nor fear the displeasure of that small alien element amongst us which puts loyalty to any foreign power before loyalty to the United States.”
“There is disloyalty active in the United States, and it must be absolutely crushed. It proceeds from … a very small minority, but a very active and subtle minority. It works underground but it shows its ugly head where we can see it, and there are those at this moment who are trying to levy a species of political blackmail, saying: ‘Do what we wish in the interest of foreign sentiment or we will wreak our vengeance at the polls.’”
[President Theodore Roosevelt fearing Dual Loyalties]
“There is no room in this country for hyphenated Americanism … German-Americans, Irish-Americans, English-Americans, Scandinavian-Americans, or Italian-Americans. There is no such thing as a hyphenated American who is a good American. The only man who is a good American is a man who is an American and nothing else.
http://www.thechristiansolution.com/doc2019/929_AIPACResolution.html
An existing lobbying exemption continues to allow foreign principals the ability to influence U.S. politics through undisclosed channel
Theodore Roosevelt ( my all-time favorite president )
would be labeled a racist by the left for saying something like that today
For the record, I am German-American but have never called myself anything but American
hyphenated Americanism is just another way for the state to keeps us divided
President Woodrow Wilson signed the federal reserve act, but later regretted that decision.
Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated.
The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson
congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” -Andrew Jackson
Any President that Would Dare Oppose The Federal Reserve Gets Assassinated
Opposing Bankers Could Be Detrimental To Your Health
resident Garfield warned of the dangers to America should these Central Bankers ever gain power by stating shortly before his death in 1881, “Whoever controls the money of a nation, controls that nation and is absolute master of all industry and commerce. When you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
Damn can’t believe congress is selling America out to the highest bidder
congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” -Andrew Jackson
Congress doesn’t seem to care about the Constitution
Enemy of the People
the more i go into the more i don’t wanna know, the system is to big to change now, trying to change the system Could Be Detrimental To Your Health
Congress should never have allowed fraud / lobbying interest groups into government, but they did that as a money grab for themselves, ruining the country in the process
Congress works for the highest bidder instead of what’s best for the country
