Hitler did it, and before our Revolutionary War, King George told us to disarm - good thing we didn't! The media remains conspicuously quiet. He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). Box 8712, Phoenix, AZ 85066 This is a must read book with quotes from well known people. For the positions of chair and vice chair, terms are four years. The Rockefeller Foundation stated that they have in excess of 747 million dollars to achieve this with. Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. In a cashless society, if you disagree with the bankers' political goals, you'll find your money gone via computer error. Commercial Banks, Senior Loan Officer Opinion Survey on Bank Lending Page 31. Open seat September 2003. The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States.It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands.Located at 33 Liberty Street in Lower Manhattan, it is by far the . Some have said that Jefferson did not favor a strong central bank. * Rothschilds who control the Bank of England (Like our FED) said that by controlling the issue of money (printing it) you can control the government. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. . . Bankers admitted this to Congress. THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Box 986, Ft. Collins, CO 80522 (Newsletter; $3 each) (5) "The Most Secret Science", Betsy Ross Press, P.O. It only requires 5% ownership to significantly influence the media (Reference 14, P. 56-57). Foreigners use their command of the New York Fed to manipulate U.S. monetary policy for their own and . Social Security, by a long shot. It now owns more than $8 trillion in assets, $6 trillion more than the peak in the Great Recession. Mike Gill Turned Down $50 Million in Hush Money to Expose Criminal Cartel that Owns the World. Abraham Lincoln refused and the South accepted. This helps to keep their exports to the U.S. affordable, which helps their economies grow. "Chinas Holdings of U.S. Securities: Implications for the U.S. The Federal Reserve, which purchases and sells Treasury securities as a means to influence federal interest rates and the nation's money supply, is the largest holder of such . Tonnes: 612.5. So is the Fed private or public? Its an informal pressure, and theres no guarantee the Fed will respond, but Congress does have the capacity to try to influence them, said Sarah Binder, a professor of political science at George Washington University and co-author of The Myth of Independence: How Congress Governs the Federal Reserve. It turns out that, if you spend a couple of years on the Federal Reserve board, you can make a lot of money in the private sector when you leave, Wessel said. Read more: 5 Things You May Not Know About Jerome Powell, Chair of the U.S. Federal Reserve. What does it mean that the Federal Reserve is "independent within the government"? They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people." As a last resort, they can also borrow from the Fed's discount window at thediscount rate. Instead, they hoarded cash to write down a steady stream of housing foreclosures. It also required the Fed to make public the names of banks that received any emergency loans orTARPfunds. Before serving as the state bank commissioner of Kansas and the vice president of a Kansas bank, Bowman held various positions in the federal government, including director of congressional and intergovernmental affairs at the Federal Emergency Management Agency. Its job is to promote employment and to keep inflation in check, primarily by raising and lowering short-term interest rates. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. It also started buyingTreasuries. Conspiracy theorists allege that from 1776 to 1913, back when the US government was printing its own money, the overall inflation rate was a mere 1%in other words, a meal that cost you a dollar in 1776 would cost you only $1.01 in 1913, before passage of the Federal Reserve Act. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED AND BROUGHT TO TRIAL", Rep. McFadden concluded (Reference 1, contains an entire chapter on Rep. McFadden's speech). Chairs are often reappointed by an incoming president, but President Trump broke this informal tradition by not reappointing Obamas pick, Janet Yellen, instead nominating the current chair, Powell. By the way, the profit of the FED is not taxed either (Reference 1, 9). The Fed's monetary policy can do its job better when it is shielded from short-term political influence. The Chair and other staff testify before Congress, and the Board submits an extensive reportthe Monetary Policy Reporton recent economic developments and its plans for monetary policy twice a year. For if one unscrupulous group is allowed to print a nation's money - it can eventually use that money to gain control of the press AND the politicians - and thus gain control of making the nation's laws - and finally - control of the nation itself. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. In addition to streaming below,The Power of the Fedis available in FRONTLINEsonline collection of documentaries, onthePBS Video Appand on FRONTLINEsYouTubechannel. Later he said "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning" (Reference 4). 2/21/2023. Which agencies own the most Treasury notes, bills, and bonds? The FOMC expanded QE purchases to an unlimited amount on March 23, 2020. Public Debt. Why should we promise to pay the debts of foreigners to foreigners? Watch more great videos: https://www.youtube.com/playlist?list=PLxATu7-BBCMc3GKt9D4QdNrSgx5OYnQ4c . It stabilizes the government bond market through inflationary methods and manipulates this market to the advantage of the government. Ben Franklin said in his autobiography that the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was [one of] the PRIME reason[s] for the Revolutionary War. Forty percent of our personal federal income taxes goes to pay this interest. (Reference 1, P. 200-214) Adams, Jefferson, and Lincoln believed that banker capitalism was more dangerous to our liberties than standing armies. These include check clearing, funds transfers, and automated clearinghouse operations. The most powerful monopoly in the United States today is the Federal Reserve. The balance sheet had shrunk to $8.85 trillion by August 2022. ", Board of Governors of the Federal Reserve System. Learn how the Federal Reserve works, who actually owns it, and how they are held accountable. The government had to create income tax to pay the interest expense to the FED's shareholders, but the income tax was never legally passed (Reference 20 shows details, state-by-state why it was not legally passed). Over the two-month period of March and April, the US government increased its debt by $1.56 trillion (most of it in April); and over the same two-month period, the Fed bought $1.56 trillion in Treasury securities (most of it in March) and thereby monetized 100% of the additional pile of debt during the two-month period. Took office: 2017, appointed by President Trump Branches and Agencies of Receive updates in your inbox as soon as new content is published on our website, In Plain English - Making Sense of the Federal Reserve, Introduction to the Federal Reserve Banks, Supervision and Regulation: An Introduction. The depredations and the iniquities of the Federal Reserve Board and the Federal Reserve banks acting together have cost this country ENOUGH MONEY TO PAY THE NATIONAL DEBT SEVERAL TIMES OVER." The stock may not be sold or pledged as collateral for loans. "The Fed Explained: What the Central Bank Does," Page 88. Practices, Structure and Share Data for the U.S. Offices of Foreign The federal government then either raises taxes or issues more debt to raise the required cash. (For additional information on a cashless society, read Reference 13, P. 174; Reference 3; Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216). But owning Federal Reserve bank stock is nothing like owning stock in a private company. Purchases or sales of U.S. Treasury securities by the Federal Reserve Bank of New York (FRBNY) are made in the secondary market, or with various foreign official and international organizations that maintain accounts at the Federal Reserve. (21) "New World Order: The Ancient Plan of Secret Societies" by William T. Still (22) "The Secrets of the Federal Reserve" by Mullins (23) "The Social Security & Pension Conspiracy" by Metz (24) "The History of the Federal Reserve. Lincoln's solution made this seem ridiculous. (The data is updated . Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. On June 4, 1964, President Kennedy issued Executive Order 11110. Bretton Woods became a boon to the Eight Families. This is an era of economic misery and for the reasons that caused that misery, the Federal Reserve Board and the Federal Reserve banks are fully liable." The international bankers didn't like it and wanted Lincoln to borrow the money from them so that the American people would owe tremendous interest on the loan. I replied, "No, the Fed chooses the President.". Lael Brainard, governor, age 59 He said: "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." When the President [Wilson] signs this bill, the invisible government of the Monetary Power will be legalized the worst legislative crime of the ages, perpetuated by this banking and currency bill." These banks also are partly foreign owned and control the New York FED District Bank. SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the fourth quarter and fiscal year 2022. That restricts themoney supply. (1) "The Federal Reserve Bank", by H.S. Over the next year, a selection committee made up of Secretary of the Treasury William McAdoo, Secretary of Agriculture David Houston, and Comptroller of the Currency John Williams decided which U.S. cities would be a place of residence for one of 12 Federal Reserve District Banks. They redeem their Treasury notes for funds as needed. Previously, he a chair of economics at the University of Notre Dame. To control the media, FED bankers call in their loans if the media disagrees with them (Reference 25, P. 134-137). In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. Get elected and be a millionaire if you vote right. The Federal Reserve, commonly referred to as the Fed, is the country's central bank and is in charge of controlling the country's money supply, establishing monetary policy, and supervising the banking sector. Japan owned $1.08 trillion in U.S. Treasurys in November 2022, making it the largest foreign holder of the national debt. How to Replace It or How to Reform It" by Metz - for references 23 & 24 write to Howard Metz, P.O. Dear American: Pursuant to your request, I will attempt to clear up questions you have about the Federal Reserve Bank (FED). (Reference 17, P. 82, 83 for court records) The FED violates Security & Exchange Commission (SEC) rules. The Federal Reserve's main responsibilities include: Managing the nation's money and money supply. The market value of the gold reserves based on the London Gold Fixing as of September 30, 2020 was $493.4 billion. The CFR publishes a magazine called "Foreign Affairs." Supervises and regulates banks and protects consumers' credit rights. The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. (Reference 1, P. 215) Later, Jefferson used stronger language and denounced the institution as "one of the most deadly hostilities against the principles and form of our Constitution." Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; the Heising-Simons Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen. This data moved permanently on June 10 th to FiscalData.Treasury.gov where it is available for download in multiple machine-readable formats with complete metadata! "Person of the Year 2009.". It is not a company or a government agency. The bank could not foreclose on the property because it created the loan money from thin air, as many banks do. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. A critic once wrote me, "But the President chooses the Board of the Fed.". With less than 12 months until the 2020 U.S. Presidential Election, President Trump is harnessing the power of the Fed to ensure his victory. Chart 1 presents the Federal Reserve's monthly gross purchases of agency MBS over the past decade and the MBS current coupon spread, or the yield consistent with a par value security, less the average of the five-year . Congress must approve the president's appointment. . The Federal Reserve, the central bank of the United States, provides If the banks create ample synthetic money we are prosperous; if not, we starve. When economic growth is slow, the Fed adjusts its policy accordingly and lowers the target interest rate, which in turn spurs Americans to borrow credit at a cheaper rate. In 2012, the Energy Information Administration using data compiled by the United States Geolgical Survey under the Department of the Interior estimated US undiscovered . Why would the government owe money to itself? Through "creative accounting" profit can easily be reclassified as expense (Reference 14, P. 20, Reference 17, P. 239). Dividends. The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. What Is the Federal Reserve Board of Governors? Board members have included economists, lawyers, scholars, private equity managers, and longtime public servants in the Fed or the Treasury. 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