The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into. We should have listened to men like Edison and Ford. #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U. Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value.
However, owning Reserve Bank stock is quite different from owning stock in a private company. It is a debt spiral that is designed to go on perpetually. Inflation is a “hidden tax” that continually robs us all of our wealth.
Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.
This scam was also explained in a recent article in the Guardian….
The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year. That is why we have all become accustomed to thinking of inflation as “normal”. And current Federal Reserve Chairman Ben Bernanke says that it is actually a good thing to have a little bit of inflation. Well, just consider the following excerpt from a recent Forbes article….
When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act. There are lots of people out there that have made a ton of money by holding U. All of the great public works cost more than twice the actual cost, on that account. Today, it is more than more than 5000 times larger. dollar has lost 96.2 percent of its value since 1900?
In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website…. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost. On July 1, 1914 (a few months after the Fed was created) the U. Yes, the perpetual debt machine is working quite well, and most Americans do not even realize what is happening. Of course almost all of that decline has happened since the Federal Reserve was created in 1913.
This runs contrary to the conventional wisdom that Democrats and Republicans would have us believe, but unfortunately it is true. government wants to spend more money than it takes in (which happens constantly), it has to go ask the Federal Reserve for it. They even secretly loaned out hundreds of billions of dollars to foreign banks.
The way our system works, whenever more money is created more debt is created as well. According to the results of the limited Fed audit mentioned above, a total of .1 trillion in secret loans were made by the Federal Reserve between December 1, 2007 and July 21, 2010. The amount of “excess reserves” parked at the Fed has gone from nearly nothing to about 1.5 trillion dollars since 2008….