The chances are that you never learned anything about the Central Bank of the United States in Economics 101. In fact, I’ll wager your college professor couldn’t explain the money system. Imagine that.
Once I interviewed ten different bank officers while preparing material for my first privacy book, Privacy Crisis and made a startling discovery: not one of these ten banking executives knew the true source of their money. Think about it. All ten thought the Fed was owned by the Federal Government. It is not. It is a private corporation formed in December, 1913 to set monetary policy for the U.S.
The Federal Reserve Act was sneaked into law near Christmas in December, 1913 while few were paying attention.
The Federal Reserve essentially creates money from debt-out of thin air at the request of the U.S. Treasury, and loans this money back to Treasury at interest.
Eustace Mullins who is now deceased wrote Secrets of the Federal Reserve and traced ownership of the Fed to the same families who have had an interest in other Central Banks of the World. The book is a quick read and a valuable reference tool that will come in handy when you have to prove that a cartel of private bankers, have ruined your purchasing power through irresponsible spending and the creation of money from debt.
The reason most don’t understand the meaning of the U.S. Central Banking system remains a mystery though my suspicion is that the clever name assigned to this private money from thin air, instant credit machine has a good deal to do with the high level of ignorance that continues to exist about the money and banking system.
Now that the dollar has lost approximately 97% of its value since the Fed was formed and continues to lose more as the currency is further diluted through bailouts and excessive spending on every front imaginable, people are paying attention, and more and more understand the problems associated with a fiat money system.
As a fradulent money system is dependent on additional money creation to keep the Ponzi scheme afloat, human beings as tax payer slaves become collateral rather than commodity assets. Once this concept is understood, it becomes clear why freedoms and personal privacy are destroyed under the guise of any number of ruses. Is the current marriage between the private Federal Reserve and the U.S. Government the definition of fascism?
Thanks for reading.