Tuesday, April 8, 2008


on the Federal Reserve

If the Federal Reserve is not run by the Federal Government, then why is it called the "Federal" Reserve? Most people have no idea that the Federal Reserve is in fact owned and operated by private banks and individuals with a shit pot of money. We as a people hear the word federal and automatically think government when in fact this private bank was named this purposely to smoke screen what is really going on.

Why would it be called Federal Reserve if their is nothing Federal about it? Could be it be to purposely deceive people? When we hear the word federal we immediately think the government is involved? The Story goes back to the 1st Bank of America in 1863, in order to help finance the Civil War, a system of national banks was instituted by the National Currency Act. The banks each had the power to issue standardized national bank notes based on United States bonds held by the bank.

Today each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two thirds of each Bank's nine member board of directors. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is left to its board of directors. The directors impliment by-laws regulating the manner Bank business, and appoint officers to implement and supervise daily Bank activities. These activities include collecting and clearing checks, making advances to private and commercial entities, holding reserves for member banks, discounting the notes of member banks, and buying and selling securities on the open market.

This sounds to me like a regular ass bank printing money and driving our economy into the shit hole for their own profit. Take a freeze frame to research some of this stuff; you may not be too happy with what you find.

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