This teacher lost her job trying to get the truth out in a live TV interview:

http://nicktube.com/watch?v=3NYzng54qT4

WTF is that ad-filled website? Seems terrible.

(Would be using ad-block but on mobile)

Alternative link: http://tubeunblock.net/watch?v=3NYzng54qT4

Why can't you block ads on mobile ? You can block at the router or via DNS services. iOS allows ad blocking on the device itself. Surely android offers this.

I really just haven't looked into it, but I should.

End the Fed

https://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193

Okay, so the Fed only controls the lending of money to and by banks, and to an declining extent, the supply of money. They have nothing to do with taxation... Nothing.

Money supply has GREATLY increased, and has not been vacuumed up as you stated.

You cite no evidence for the ridiculous notion that the Fed is controlled by the Rothschild family. If its controlled by anyone it is China, whose sequestered dollar holdings are a real and demonstrable problem.

Exactly. While taxes may be immoral, they are not going directly to the Federal reserve in any way. They mostly go to your grandmother's prescriptions and social security.

Mostly to the military industrial complex.

Mostly to the military industrial complex.

You mean the elderly that paid taxes their entire lives and pay taxes on SSI and any disbursements from 401's as well as sales and property taxes? Those grandparents?

That is 100% correct. Depressing also.

What's depressing is that you think that's 100% correct.

Haha Your gonna have a bad time

You sound like my economics professor who swore the Fed is part of the US Government.

it's not.

it's private.

Take an intro to Econ to understand why printing more money is 100% necessary to avoid deflation and benefits all those holding USD

I have. The issue isn't printing more money. The issue is printing more money recklessly and centralizing the currency creation process.

Fiat currency is backed by nothing but our governments.

See this link.

Yep. Each dollar created comes with interest on top of it. We will never be able to pay off the national debt.

No printing more money actually helps us pay off our national debt and it is a theory on why our inflation rate has been creeping up for years.

If I owe you $100 today and promise to pay you back in a year. During the course of that year, because of the increase in money supply causing inflation, the $100 I need to pay back is worth less.

No printing more money actually helps us pay off our national debt

ROFL ARE YOU FUCKING KIDDING ME

Go read a god damn book.

Being fiscally responsible helps us pay off our debt. Not printing more money.

Causing inflation does not equal fiscal responsibility. I think you are confusing monetary policy and governmental spending.

The fed is evil. Gold is money. Everything else is credit.

Oh okay.

Nothing backs USD or any fiat. This is not hair brained conspiracy nonsense, our money is only worth something because someone told us it is worth something. They can print as much as they want/need and distribute it to whomever they want.

This is why I'm a Bitcoiner and why I hold some precious metals.

If you trust the fed then you have not done enough reading.

Perhaps, instead of continuing to insult how much I read, we can just agree that I read different things than you?

I'm not going to pretend to be a bitcoin expert. However, you can't say that in our current economic system inflation decrease the real value of our debt.

Also the fed doesn't "print money" they sell/buy treasury securities.

I'll simplify it for you with a 3 minute video.

https://www.youtube.com/watch?v=iP9H5fADC0E

Yes. That is literally what I said in previous comment with scary music behind it. He doesn't mention that the fed can buy back those treasury securities from the banks and reverse the whole process by decreasing bank reserves and thus the money supply.

I definitely don't agree with the scary music vibe.

You can explain away anything you want, it doesn't change reality.

When the fed was created our purchasing power eroded.

We had a bottomless credit machine to fund any and every project we could possibly want. There's always money for wars, but we can't feed the poor.

Our money has lost its purchasing power. Our money isn't backed by anything.

It's my understanding that the monetary policy deliberations that they go through have no oversight from the GAO.

The fed audits itself in many ways but nothing in the way that's needed. It's a private entity functioniing as the main regulating body of the flow of funds around this country. On a whim it can make or break markets with a small meeting. If Janet Yellen sneezes markets can panic.

It's too much power in a centralized location and it only stands to enable a giant credit card that continues to rob the population of real wealth and value via inflation.

25 cents used to feed one person for a week. Purchasing power went down, wages did not rise to meet this change.

Our money is just a farce. It really is.

It's not. Read some Keynesian economics and weigh the two together. Also End the Fed by Dr. Ron Paul.

The fear of deflation while "inflation is a necessary evil" is a load of bunk they sold us. It's only necessary for a never ending cycle of war that his elastic fiat currency can perpetuate because the money is based on faith and not any tangible good.

Greenspan himself used fo write about the importance of the gold standard. That is until he got hired to work the scam. Dr. Paul talks about his strange change and its very interesting.

[Gold and Economic Freedom

by Alan Greenspan](http://constitution.org/mon/greenspan_gold.htm)

The intro paragraph:

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.

The Fed is independent, but wholly accountable to Congress, its board of governors, and requiring of the cooperation of the Treasury. I'm not defending increased money supply because I'm opposed to it. I would point out that your dollar buys more volume, productivity and experience of product or service than it did when the US was on the gold standard. Purchasing power may have declined, but deflation and productivity increased offsetting some of the pain.

When was the last time the fed was audited?

Irrelevant. See my other post. The Fed is the wall to the north standing between you and the dead. But for Fed intervention Congress would have spent America to pieces by now.

Take some time and read this:

http://www.whale.to/b/mullins5.html

Look up which act created the federal income tax. Look up Jekyll island. I'll wait.

It doesn't matter. The Fed doesn't levy, collect or distribute tax dollars. Prima facie failure of your whole point-of-view at the outset.

You have so much to learn about the Fed. It's not a coincidence that was in there. Look up Nelson Aldrich, Jacob Schiff, JP Morgan, Warburg, and how they played Woodrow Wilson. Look up what some congressmen were saying about it at the time (Louis McFadden). Fuck outta here with that Econ 1010 bull shit.

You are wrong and I will explain why. Your dollars are worth relatively less because the US Treasury has amassed an over 100pct debt to GDP ratio, and because states have unfunded liabilities far in excess of their means as well. These deficits are in parts bad public policy, politics, demographics, private market over leveraging, and over consumption in the US. To a degree it's also impacted by currency manipulation in Asia. In simple terms... trillions in liquidity has been created by parties other than the Fed and the Fed has been forced, by legislative mandate, to carry much of this debt on its balance sheet, printing money to buy it. In still other terms, the Fed is the fat guy eating everyone's leftovers at the table... but not by choice.

Those points all play a role in what's going on now but none of those things happen without the fed system being enacted in the first place. I'm saying to look beyond what they claim their scope and degree of influence is, and see who is pulling the levers and for whose gain.

The bankers gain because the Fed all but guarantees their profitability. Any banker will admit this. This wouldn't be a problem if the Federal Reserve & Congress weren't spending hundreds of billions of dollars beyond the country's means.

Yes I agree with that as well. I'm literally just arguing that the notion that we need this type of system is fundamentally flawed. Throw in the FDIC and you understand why we see the constant over exposure to risk because they know they'll get bailed out every time.

Again, the problem is not the Fed, it's Congressional spending. The problem is voters who don't understand limits or scarcity.

lol do you live in the USA? Voters don't decide shit here I don't know if you're aware of that or not. And we wouldn't be able to rack up these alarming sums of debt without the tools of the Fed, which was a terrible idea from the start.

Yup. Voters are short sighted.

You cite no evidence for the ridiculous notion that the Fed is controlled by the Rothschild family.

Yes, it is controlled by "Rothschild and Friends" - a group of Jewish families that have long-time banking dynasties, and work cooperatively to forward their mutual interests.

Collectively, these are often referred to as "the Rothschilds", but other families include the Warburgs, Schiffs, Medicis and others.

Regarding the Federal Reserve, here's a nice little article from the FORWARD magazine.

Mind you, the article is in a Jewish publication, written BY a Jewish author and intended for a Jewish audience - so naturally these folks are praising the Fed - and BRAGGING that it is "their baby".

The Jewish Story Behind the U.S. Federal Reserve Bank by Roger Lowenstein

Enjoy!

Medici: Not jewish. Morgan: Not jewish. Rockefeller: Not jewish. Buffet: Not jewish. Bank of China & other Chinese banks: Zero jews. And on and on... Most wealth is held by non-Jews.

It's not too late to buy Bitcoin

What's the best resource to learn more about investing/diversifying with bitcoin?

Thanks.

What's the best resource to learn more about investing/diversifying with bitcoin?

Thanks.

www.reddit.com/r/bitcoin look in the side bar or look around on youtube.

Don't use /r/Bitcoin. It's a censored and manipulated subbreddit co-opted by a company working to undermine Bitcoin. (Most likely I'll be attacked by their shills for this comment).

Check out /r/btc instead.

--WippleDippleDoo

Your sub promotes broken tech, but let's leave the block wars out of this.

Your sub promotes sensorship, and fuckery with BTC prosperity, so I've read.

I don't believe you've read, because you cannot spell censorship.

Here we go again. Sigh. If you knew the word was spelled incorectly, then you knew the intended meaning of the word. Yet, you avoided engaging the substance of the argument in favor of a zero value ad hominem, which not only doesn't support your assertions, but also shows you to be in favor of disfunctional communication, just like /r/bitcoin mods.

Ok.

BU is a joke. no one important believes in it.

I agree there's no perfect sub. But can BU and altcoin merrits be debated on /bitcoin...? Prob best for people to view all subs to inform themselves more completely.

Don't use /r/Bitcoin is a censored and manipulated subbreddit co-opted by a company working to undermine Bitcoin. (Most likely I'll be attacked by their shills for this comment).

Check out /r/btc instead.

As a starter check out the whitepaper: bitcoin.com/bitcoin.pdf

you are a shill pretending to expose shills, but what you recommended is probably plagued by shills

Removed. Rule 10.

The same can be said about the sub you're promoting. Why not let someone new use both?

Bitcoin is gambling man. So are all securities, but they see less variance. I'd keep your exposure small.

Why? The government/IRS records every bitcoin transaction.

Only if the BTC interfaces with a KYC access point. After 5-6 hops from the point of purchase it becomes very hard to tell who owns coins.

It's clear that you have no idea what you're talking about and the little you heard about Bitcoin comes from failstream media.

Bitcoin is a transparent and decentralized system which provides pseudo-anonymity. The transactions are recorded in the so called blockchain, which is basically the essence of Bitcoin.

The irs recently harassed a fiat-bitcoin gateway company (an exchange) to provide their customers transaction data.

Not true.

Have you heard about r/Monero?

It's not that there's one conspiracy, if there was, everything would have an order, the fact that chaos underlies all the politics and bureaucracy indicates that there's multiple conspiracies for power.

Conspiracy has a negative connotation. Fact is we have a private central bank profiting off of the population as a whole. That is not ok. A government entity should be in charge of printing money and monetary policy. Also money should be backed by real assets such as gold, debt is not a sustainable method to create value especially when it is increasing exponentially. At some point the country will become insolvent because it will not be able to produce enough goods and services to cover the interest payments. The value of money is literally based on a belief that it is valuable, which could crumble at any moment. The great depression will have nothing on the next economic tumble because it will be a fall of the dollar itself, not the economy. How can you recover if your currency is worthless?

Having one central bank is bad but allowing private banks to create currencies to compete with one another is good. The Fed should first be audited and then forced to compete with other banks. Competing currencies ftw

A government entity should be in charge of printing money and monetary policy.

No, no human should be in charge.

Enter the world of Bitcoin. Banks/politicians are obsolete.

By having or being things that are inherently valuable.

The Fed doesn't print money

Apparently, you didn't read the first sentence of the Wiki on the BEP

The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes (paper money) boldfor the Federal Reserve, the nation's central bank.

He said that the fed prints money, but that is not true because a non affiliated bureau does. My point is completely accurate. To say that anyone just "prints new money" is dumbing it down too much as well, creating new money is not that simple. The majority of money printed in the US is to replace old currency, not to add additional currency into the economy.

If Apple hires Foxconn and other contractors to assemble their iPhone, do we say that Foxconn made the iPhone or that Apple makes the iPhone? Who owns the product and reaps the profit for the product at the end of the day?

BEP actually does the printing, but the notes are owned by the Fed. The point is it doesn't matter who actually makes the paper note. What matters is the owner of the finished product.

Gold is not an asset or commodity. It's a shiny metal. It's only value is "the belief that it is valuable," just like you said about dollars.

The Fed's profit goes into the US Treasury, with the salaries of the employees coming out of it. I believe that those salaries are probably too high, but the Fed isn't "profiting off of the population as a whole." The US Treasury is OUR money. It's OUR profit. The fact that our incompetent government doesn't spend it on things that actually benefit us is another story, but the Fed isn't what you're making it out to be.

No it's value is derived from a limited supply.

A limited supply of something doesn't make it valuable. Value is a social construct, where everyone agrees that something is worth a certain value to society as a whole.

Something that is rare can be valuable, but generally only in a niche community who values collecting it as increasing their enjoyment of life.

Think about it. Every new service someone performs, or every new good that someone creates, adds the amount of raw value to the overall economy. With how fast the population is growing, and how much faster and easier it's becoming to manufacture goods and provide services, having all of your currency backed on a fixed amount of shiny metal is an insane idea.

Another thing to remember, is that since the amount of value that exists in the economy is based on what people believe to be valuable, the economy can grow and contract to enormous degrees almost overnight. All it takes if for everyone to think Furby's are really awesome today, and then tomorrow we all realize that they are cheap garbage. All of the value of the Furby's in the economy disappeared, though no one could really have predicted it was going to happen. If the value remained, we would need to have enough currency circulating to match it.

The amount of tender available needs to be dynamic because people are fickle and buy into stupid fads.

Gold and Silver have been valued as currency since the beginning of time.

On Earth, gold and silver are considered precious metals due to the FINITE nature of both mined and in-ground quantity. Same with Bitcoin although there are multiple crypto currencies.

Once the quantities of those precious metals are mined out and bought up, there will be no more, only buying from someone who has some to sale.

Debt-based Fiat currencies are based only on what the printer of said currencies claims it to be.

The debt-based Fiat can be printed infinitely (assuming that the resources required are sustainable) while using inflation/devaluation/taxation to manipulate its value over time as desired by those printing it.

Hence why gold and Silver have always been currency and always will.

Then what happens when the economy gets sufficiently large and we run out of gold and silver? Who's going to be responsible for devaluing the currency? Are we going to have to re-mint the coins we have with lower gold contents in order to have more coins? Or is someone going to have to declare that the coins are now worth more, and by how much?

The currency is irrelevant, that's what you're not getting. Dollar bills are just tokens of credit. All money has ever been is a system of credit and debt, circulating around the community. When you produce something valuable, you are issued credit for it, which equals debt against the person issuing it. That's what money has always been, forever. The tokens you get are just there for to represent how much credit you have, so that it's easier for someone else to believe how much you're able to spend. What we make the currency out of is not important, as long as there are measures in place to prevent counterfeit.

Fiat currency cannot be printed infinitely without collapsing the economy. The amount of dollars in existence need to correspond with the amount of value in the economy. And not only that, but over 90% of the world's money is not physical.

The fact that only about 8% of the money in the world is actual printed physical money should tell you how irrelevant it is what we print the money onto. We can print it onto gold, or diamonds, or silk, or ivory, or whatever. It doesn't matter, as long as the supply is controlled.

Even when gold coins were the norm, they were still minted with official government iconography, and a gold coin was always worth more than it's weight in gold (except for occasional recessions).

Nobody who studies the economy advocates for a gold standard. There's a reason we abolished it.

You don't, you start a world war.

If they think about it at all, most people consider the Federal Reserve as some large, amorphous governmental institution that ensures our economic stability by "doing things to the interest rate". Mention that the Federal reserve is neither Federal nor a Reserve and most people will consider you some kind of a wing-nut and a prime candidate for a tin-foil hat. Its true purpose remains as shrouded in deception as its origins. JFK's intention to put an end to this scam, IMO, was the prime motive for his assassination. Granted, there were other reasons such as pulling US troops out of Vietnam and his opposition to the Israeli nuclear program but quite simply, he made more enemies than any man can put to good purpose. Most of these enemies were jews. Let's not forget that Meyer Lansky, a jew and an Israeli hero, was the head of organized crime in the US.

I don't think JFK wanted to abolish the Fed. JFK was the first president to create deficit spending during peace time. He made a deal with Republicans to cut the wealthy's income tax from 90% to 39% if he could borrow $50 billion to help blacks and stimulate the economy. The Republicans agreed to his proposal. He could have not borrowed $50 billion without the Federal Reserve's approval.

Do you have any sources or articles that elaborate on these events? Or have any good search terms I could use? I would love to read more about this deal with Republicans.

I got the info from a college textbook that I put in storage. Somebody else requested the source, so I will look for the book. It is an amazing bit of info.

No, back then we were awake but we couldn't find the knowledge. Now we're asleep with the information in front of us. Most people don't care about this information. It's right out there and readily available: but everyone is too distracted with work, food, drugs, alcohol, sex, rap/music, netflix & chill, memes, cat pictures, snapchat, social media, instagram, facebook, fashion, trends, consumable goods, iphones, competing with one another using money and social goods for status and favour/image.

I mean, we've exploded in the ways we can exploit the planet and ourselves. If the information we had now was circulating then, people would have rioted. But now that it's available, everyone is too busy or sedated to do anything care, or even find the time to learn about it.

JFK's intention to put an end to this scam,

No, that's a myth. JFK eliminated silver certificates and replaced them with Federal Reserve notes. He had absolutely no conflict with the Federal Reserve.

You left out the part where people think our money has something to do with all that Fort Knox gold.

You left out the part where people think our money has something to do with all that Fort Knox gold.

Which is not there any more.

I am pretty sure his assassination had ALOT to do with the fact that he wanted to tear the CIA apart and demolish it.

JFK was going to End The Fed and was assassinated.

JFK likely also wanted to disclose the Secret Space Program and US advanced reverse-engineered ET technology to the public as well. He had been briefed by Eisenhower as president-elect before taking office.

Ugh, why don't you learn how the Federal Reserve actually works before marching in the street. No, the IRS is not a private organization. It is part of the United States Department of the Treasury.

Because the Federal Reserve owns a portion of the national debt (Treasury bonds), it's true that the Federal Reserve receives a portion of the interest on the bonds. That does come from taxes.

But the Federal Reserve gives almost all its profits to the federal government, so it saves money for the government when the Fed buys bonds.

Ever since the 2008 financial crisis, the Fed has given much more to the government than the government has paid to the Fed in interest.

Since the Fed's founding, it has paid the federal government over one trillion dollars.

They made it look and sound like a government building too:

Yeah, that is a government building. The Board of Governors of the Federal Reserve System is a federal agency, led by seven governors who are nominated by the President of the United States and confirmed by the United States Senate.

The 12 regional Federal Reserve Banks are not part of the federal government. There is a mixture of public and private control for the regional banks. Each regional bank is a separate corporation, under the direction of a nine member board of directors. Six of the nine directors are chosen by all the member banks in that region. The remaining three are appointed by the Board of Governors (the federal agency).

The Rothschilds have never had anything to do with the Federal Reserve. That's a hoax.

The Rothschilds have never had anything to do with the Federal Reserve.

LOL. The Rothschilds and the Rockerfellers have a shit ton of influence...

This couldn't be farther from the truth. The fact that the Fed even makes a profit, should be an immediate red flag on your post (why should a private entity make profit of a country's money supply and not the government itself), but I'll break it down so others won't be fooled because it's actually very simple.

The Fed prints US currency (dollars) and LOANS said currency to the US government AT INTEREST. Repeat, the US government DOES NOT PRINT IT'S OWN MONEY. That means that every US dollar that is "legal tender" is just an IOU back to the Fed. Every dollar that is printed is more interest capital that is pumped back into the Fed. Where does the capital to pay off that interest come from? It comes from US tax dollars. It comes from selling off US owned property to foreign organizations. Again, to summarize: Fed prints money, loans it to US government with interest, US government taxes its people to pay back the debt and sells off its hard assets, rinse, repeat until a crisis or collapse.

This is literally the definition of a Ponzi scheme. There will never be enough capital to pay off the debt of the US currency. It's impossible to. Tie this in with the complete fixation of LIBOR by the global banking cartel, and you literally have a situation where: 1) The Fed is getting paid through interest by the US government (through taxation and sales of physical assets) 2) The global banking cartel that makes up the Fed gets low interest dollars siphoned through each country's monetary system and then loans that money back to the citizens of its country and gets interest payment off that. They are collecting interest from numerous sources while getting back free money, and bankrupting the citizens of the country in BROAD DAYLIGHT.

How you can defend the most heinous organization in the entire history of this country is complete lunacy.

The Fed prints US currency (dollars) and LOANS said currency to the US government AT INTEREST.

Well, no. The government pays interest on Treasury securities (bonds). It doesn't pay interest on Federal Reserve notes.

One way that the Federal Reserve increases the money supply is by buying Treasury securities. Usually the Federal Reserve owns between 10 and 20% of the Treasury securities.

So, when that happens, in a very loose sense, the government pays interest on that money, but the government would pay interest on the bonds whether the Fed bought them or not. When the Fed buys the Treasury bonds, they are bonds that already exist. It doesn't increase the government's debt.

And since most profits from the Fed goes to the government, the government benefits greatly.

It comes from selling off US owned property to foreign organizations.

Nonsense.

This is literally the definition of a Ponzi scheme. There will never be enough capital to pay off the debt of the US currency. It's impossible to.

Really? If it's so impossible, how did the government's debt burden go down nearly every year from 1946 to 1981?

What you're saying makes no sense. If you pay down the debt, then you pay down the debt. The Republican party decided in 1981 that it wanted to increase the debt, so the debt increased. They decided to borrow more than they paid back. It's that simple.

You can play all the mental gymnastics you want to try and justify.

You are in the wrong sub to defend what knowledgeable folks will know is a nefarious organization that was/is the cause for every major economic crisis in the countries history since its inception.

Since you didn't like the abridged version I mentioned above, here are some facts about the Fed Source

SUMMARY OF FACTS

1a. The Federal Reserve (FED) is a PRIVATELY OWNED, organization. Unbelievable? Check the ENCYCLOPAEDIA BRITANNICA.

b. Below is the list of the owners of the 12 Central Banks: - Rothschild Bank of London - Rothschild Bank of Berlin - Lazard Brothers of Paris - Israel Moses Seif Banks of Italy - Warburg Bank of Amsterdam - Warburg Bank of Hamburg - Lehman Brothers of New York - Kuhn Loeb Bank of New York - Goldman, Sachs of New York - Chase Manhattan Bank of New York

In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.

1. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for creative accounting to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually.

2. Every year, a few Congressmen introduce a legislation to AUDIT the FED; and every year, the legislation is defeated. The FED has the most powerful, invisible lobbying power there is.

3. The owners of the FED own the controlling interests in ALL major media in the US. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the other owners of the FED also have controlling interest in the US media. This explain why the media have been silent about the FED scam. The FED fraud is the biggest and longest cover-up in the US today.

4. According to Article 1, Section 8 of the Constitution, the US Congress has the power to print money (The Congress shall have the power to coin money, regulate the value thereof, and of foreign coin, ... According to the Supreme Court, the Congress can not transfer its power to other organization like the FED.

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, President Wilson passed the Act when he was elected as a pay back to the bankers.

HOW THE OWNERS OF THE FED PROFIT AT OUR EXPENSE

The US government runs a deficit annually. To cover this, the US government issues bonds which are bought by the FED.

Since the FED has the POWER TO PRINT MONEY, it can buy any amount of the US Government bonds at almost NO COST, save for the expense of printing money (approximately 3 cents per $100).

At this point, the owners of the FED already profit $99.97 for every 3 cents they invested to print the money. Basically, they exchange something that costs almost nothing to them with the US Government Bonds.

Since the FED can NOT be AUDITTED by the IRS (or even by Congress), most of this profit can go anywhere the FED owners want to. BTW, did I mention that the profit is TAX-FREE?

After buying the bonds, the owner of the FED can either: 1. Keep the bonds, and collect the interest the US Government now OWES them. 2. Sell the bonds to the US Tax Payers or foreigners.

In either case, the FED owners have profited $99.97 for every 3 cents it invested to print the money. Remember, the FED is a PRIVATELY OWNED corporation, just like the Federal Express. The profit of the FED goes to the FED owners.

The US Government now owes the FED owners the interest on those bonds. Remember that the FED owners DO NOT EARN the bonds. They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds.

In order to pay for the bonds' interest, the US Government taxes the US population.

When a US Citizen holding US Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government.

When the OWNERS of the FED receive the interest on the BONDS they're holding, they are receiving that money for FREE (save the initial 3 cents per $100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE. Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via creative accounting.

Consider this: every year, the FED profits by hundreds of billions of dollars by buying US Government Bonds. Yet it only returns approximately $20 billion to the US Treasury. The rest of the profit has been spent as Operational Expense.

The FED expects us to believe that the FED operational expenses amounts to $100s billion dollars annually!!! The truth is, those profits were spent as "DIVIDENDS TO SHAREHOLDERS"!!!! Year after year, the FED owners bleed the US Tax Payer dry by hundreds of billions of dollars. Keep this going, and the US will go bankrupt in a few more years. Small wonder why the National Debt is increasing at its current rate.

WHY THE FED SHOULD BE ABOLISHED

1. The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.

2. Through their ownerships in the FED, FOREIGN POWERS CAN and WILL influence the US economy. By controlling our interest rates and money supply, they can actually create economic disaster in the US , should the US disagree with them.

3. Although the FED directors must be confirmed by the Senate, the awesome lobbying power of the FED owners makes this process meaningless. The owners of the FED can and will put whoever they wish in the position.

4. Abolishing the FED will lead to lower inflation. At this moment, the FED prints as much money as needed to buy the US Government Bonds. Since the FED prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know it, leads to INFLATION.

If the general public buy those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is contant in relation to the goods/services level. Thus, there is no inflationary pressure from selling these bonds. 5. Abolishing the FED will reduce the national debt level. By buying back the FED at $450 millions, the US Government will buy back the billions of dollars of bonds held by the FED. Thus, the net effect is a reduction in national debt. After buying back the FED, the US Government does not have to pay interest on those bonds it buys back, further reducing the national debt.

1. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2% per year, the US Government should be able to put 2% of US-GDP dollars into circulation WITHOUT INFLATION.

Consider, if the goods/services grow by 2% and the money supply grows by 2%, the ratio of goods/services vs. money supply remains constant. Thus, no inflation is created.

The government can use this extra money supply to fund its project without raising taxes. As long as the government does not print money more than the goods and services available in the US , there will be no inflationary pressures. This had in fact been done with Executive Order 11110 of President Kennedy. Kennedy ordered the Treasury Dept. to print a US GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES). In effect, Kennedy bypassed the FED by making the Treasury Department printed REAL US MONEY, instead of selling bonds to the FED for almost free.

The sad fact is, the US Government does not do this anymore. Instead, the US Government sell bonds to the FED, which buys those bonds using money they don't earn. Thus, the US Government must now pay interest on those money that it "borrows" from the FED.

1. By point (6) above, the US Government can actually reduce taxes on everybody since it has more interest free money to spent in the amount equal to the growth of the US GDP. KEEP IN MIND, THIS MONEY WILL NOT CAUSE INFLATION, since the money is printed along with the growth of the goods and services.

What you can do to save the United States of AmericaThe FED should either be AUDITTED every year, or be abolished. I have done my part providing this information. It is up to you to decide the future of the US economy. Please do the followings:

1. DO YOUR OWN RESEARCH!!!! If everything that I wrote here sounds too far fetched to be true, I challenge everyone of you to do your own research, and see for yourself.

Recommended literature: - Encyclopaedia Britannica - Congressional Record - The Federal Reserve Bank by H.S. Kenan - Repeal the Federal Reserve Bank by Rev. Casimir Frank Gierut - The Secrets of the Federal Reserve by Mullins

I see that no one responded here.

The user's entire comment history is trying to debunk conspiracy posts. It's an obvious shill, so I'll chalk it up to either using resources elsewhere, or going back to his/her CTR manager to try and drum up a rebuttal. Probably need to work overtime on this one.

Sorry, no more comments tonight, this was the best I could do.

I've got to get up in the morning and go to my actual job where I get paid for writing PHP.

Since you didn't like the abridged version I mentioned above, here are some facts about the Fed Source

Hmmm, not sure who Joyce Cox is or why you trust her so much.

Joyce Cox claims:

1a. The Federal Reserve (FED) is a PRIVATELY OWNED, organization. Unbelievable? Check the ENCYCLOPAEDIA BRITANNICA.

Here is what the Encyclopedia Britannica says:

... The seven-member Board of Governors of the Federal Reserve System determines the reserve requirements of the member banks within statutory limits, reviews and determines the discount rates established by the 12 Federal Reserve banks, and reviews the budgets of the reserve banks. The Chairman of the Board of Governors is appointed to a four-year term by the president of the United States.

A Federal Reserve bank is a privately owned corporation established pursuant to the Federal Reserve Act to serve the public interest; it is governed by a board of nine directors, six of whom are elected by the member banks and three of whom are appointed by the Board of Governors of the Federal Reserve System. The 12 Federal Reserve banks are located in Boston; New York City; Philadelphia; Chicago; San Francisco; Cleveland, Ohio; Richmond, Virginia; Atlanta, Georgia; St. Louis, Missouri; Minneapolis, Minnesota; Kansas City, Missouri; and Dallas, Texas. ...

Compare that to what I said above: "The Board of Governors of the Federal Reserve System is a federal agency, led by seven governors who are nominated by the President of the United States and confirmed by the United States Senate. The 12 regional Federal Reserve Banks are not part of the federal government. There is a mixture of public and private control for the regional banks. Each regional bank is a separate corporation, under the direction of a nine member board of directors. Six of the nine directors are chosen by all the member banks in that region. The remaining three are appointed by the Board of Governors (the federal agency)."

Joyce Cox claims:

b. Below is the list of the owners of the 12 Central Banks: - Rothschild Bank of London - Rothschild Bank of Berlin - Lazard Brothers of Paris - Israel Moses Seif Banks of Italy - Warburg Bank of Amsterdam - Warburg Bank of Hamburg - Lehman Brothers of New York - Kuhn Loeb Bank of New York - Goldman, Sachs of New York - Chase Manhattan Bank of New York

That list is a hoax, as I have pointed out before.

As I said before, the Board of Governors is a federal agency, so it has no owners. Each of the regional Federal Reserve Banks does have stock. It is held by all the member banks in that district. The Federal Reserve tells each member bank how much stock it must own based on the member bank's balance sheet. The stock cannot be traded. More stock entitles the member bank to more dividends, but not more control over the Federal Reserve Bank. Each member bank gets two votes for the board of directors.

Joyce Cox claims:

In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.

No, there are no individuals or families that own Federal Reserve Bank stock.

Joyce Cox claims:

2. Although the FED is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the FED (not even the Congress or the IRS). This creates a HUGE opportunity for creative accounting to hide the profit that ROBS the US Tax Payers Hundreds of Billions of Dollars annually.

Not true.

Joyce Cox claims:

3. Every year, a few Congressmen introduce a legislation to AUDIT the FED; and every year, the legislation is defeated. The FED has the most powerful, invisible lobbying power there is.

These Congressman want to audit the monetary policy of the Federal Reserve. Some people think that's a bad idea. https://en.wikipedia.org/wiki/McCulloch_v._Maryland

Joyce Cox claims:

4. The owners of the FED own the controlling interests in ALL major media in the US. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms. Each of the other owners of the FED also have controlling interest in the US media. This explain why the media have been silent about the FED scam. The FED fraud is the biggest and longest cover-up in the US today.

She provides no evidence for this.

Joyce Cox claims:

5. According to Article 1, Section 8 of the Constitution, the US Congress has the power to print money (The Congress shall have the power to coin money, regulate the value thereof, and of foreign coin, ... According to the Supreme Court, the Congress can not transfer its power to other organization like the FED.

The Supreme Court ruled that it is Constitutional for the federal government to charter a bank which issues bank notes, starting in 1819. They have never ruled that it is unconstitutional.

On the other hand, the Supreme Court did rule that it was unconstitutional for Congress to issue legal tender paper money, although they later changed their minds.

Joyce Cox claims:

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation. Naturally, President Wilson passed the Act when he was elected as a pay back to the bankers.

This confuses several things. Nelson Aldrich (a Republic) tried to pass his National Reserve Act in 1910, but failed.

Woodrow Wilson ran for President in 1912, and one of his campaign promises was to reform the monetary and banking system. When he was elected, the Democrats came up with the Federal Reserve Act, which was similar in some ways to Aldrich's plan, but also had important differences. The Federal Reserve bill was debated throughout the year. Most bankers and most Republicans were against the bill. The House and Senate passed different versions of the bill, so a conference committee was formed to come up with a compromise.

The compromise bill passed the House by an overwhelming majority of 298 to 60 on December 22, 1913 and passed the Senate the next day by a vote of 43 to 25. An earlier version of the bill had passed the Senate 54 to 34, but almost 30 senators had left for Christmas vacation by the time the final bill came to a vote. (Wikipedia)

...

Skipping ahead because I need to get to bed...

Joyce Cox claims:

When the OWNERS of the FED receive the interest on the BONDS they're holding, they are receiving that money for FREE (save the initial 3 cents per $100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE.

Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via creative accounting.

Consider this: every year, the FED profits by hundreds of billions of dollars by buying US Government Bonds. Yet it only returns approximately $20 billion to the US Treasury. The rest of the profit has been spent as Operational Expense.

The FED expects us to believe that the FED operational expenses amounts to $100s billion dollars annually!!!

This is an outrageous lie. The Fed's audited financial statements are available on the internet.

In 2015, the Fed reported operational expenses of $4 billion and total net expenses of $11 billion. And that's the highest it has ever been. It has never reported "$100s billion dollars annually".

I don't know what year this was written, except it says "Call your representatives and ask them to support legislation introduced by Congressman Henry Gonzales to repeal the Federal Reserve Act of 1913". Gonzales was in Congress from 1961 to 1999. During that time, the total Federal Reserve income was $492.5 billion. Of that, 90% ($445 billion) went to the federal government!

Interesting debate. Appreciate the feedback, information and debate!

Good documentaries on the subject: * Corbett Report: Century of Enslavement: History of the Federal Reserve * The Money Masters

Good books on the subject: * The Creature from Jekyll Island, by G. Edward Griffin (5th edition +) * End the Fed by Ron Paul

https://www.youtube.com/watch?v=kE8RtL3azDg

AMERICA — From Freedom To Fascism (Full Length Documentary) by Aaron Russo

I used to be opposed to the Federal Reserve system until I actually decided to learn a little bit about economics and realized that it's actually essential for a large economy. Monetary policy, via the Fed, is what allows excessive deflation/inflation to be mitigated before it gets too bad. I'm definitely not saying that the people currently running the Fed aren't corrupt, or that it shouldn't be audited more heavily, but I'm saying that the concept of a centralized bank is actually super useful.

As far as the Great Depression goes, the GD would likely have been prevented if the Fed had taken more aggressive action to buy out Treasury Bonds on the open market and inject more cash into the banks. They couldn't do this at the time because of the gold standard, and the law saying that they needed to have a certain percentage of their assets backed in gold at any one time. They also just didn't really know what the fuck they were doing. The GD made a lot of economic theorists re-evaluate all of their beliefs.

The purpose of the Federal Reserve is to regulate how much currency is in circulation, to make sure that it always corresponds to the sum total of economic value that currently exists. It shouldn't be run by Laissez Faire chumps like Greenspan, but with an economy our size, and with how volatile some of our markets are, being able to quickly change how many dollars are circulating is an indispensable tool.

Saying "the payroll tax pays off the federal reserve" doesn't really make any sense. Any government agency is "paid off" by taxes. Taxation is essential for having a standardized unit of currency. The government's ability to collect tax is what gives it a near infinite ability to create value, thus allowing any credit issued by the government to be universally accepted as legal tender. In other words, no one is worried that the U.S. Treasury isn't good for the money because everyone knows that they have a never-ending supply by taking a little chunk of all the value that is produced in the economy. However, it would be nice if they didn't steal our taxes and buy bombs for Israel with it.

And before you say "the Fed isn't a government agency, it's a private corporation," that's only partially true. The Fed is more heavily subject to Federal Regulations than any private bank. The reason it's kept private is to prevent short-term interests of members of Congress from influencing long-term interests of the economy. A Senate majority that wants to keep its seats next year is going to be more interested in short-term rapid economic growth than long-term stability, and they shouldn't be making monetary policy decisions.

Wow did I really just write all of that? I don't know what I'm looking to gain by defending the Fed on /r/conspiracy lol ...

I'd recommend to anyone looking to get a more intuitive grasp on what money is and how economy works to check out the book, "Money: The Unauthorized Biography" by Felix Martin. It really helped me get a better understanding of just what exactly money is.

goyim, i...

until I learned what the public school system told me

Question everything

I actually dropped out of the public school system almost a decade ago. Everything I've learned about economics has come from my own independent research.

I agree that everything should be questioned, including the whole "End the Fed" conspiracist stump speech.

Thank you, sir.

The general idea to everything in government is that if the people running the show are virtuous and well we wouldn't have a lot of the problems we do. The Fed is inherently set up as an entity that uses corruption as a tool. In its present state you could never hope for a central bank to be fair or just. I get that a central bank with people that only did their job and nothing more could be good, but I doubt we will ever have that.

But isn't that what we're striving for?

If we just resign to the "people aren't virtuous, so they'll always abuse their power" mindset then how can we have any actionable plan or systemic changes in mind?

Abolishing the Federal Reserve isn't going to make all of those people disappear, or become any less powerful, they'll just find another avenue for corruption, manipulation, and abuse. I understand the desire to do away with it, but if you're really trying to work on turning this world into a functional place, doing away with that kind of infrastructure seems foolish.

If evil men are running trains full of darkness all over the country, we don't rip up the train tracks, because then we don't get to use them

I'm not sure what a train full of darkness is lol, but it seemed like a nice metaphor.

The purpose of the Federal Reserve is to regulate how much currency is in circulation

That not even close to true.

Yes it is. By buying or selling bonds to the private banks, they determine how much cash the banks have to use, which in turn affects the interest rates and magnitude at which the banks will issue credit. If they sell bonds to the banks, then there is less cash to go around and the private banks will charge higher interest rates, not lend as much, and growth will slow down.

If the fed buys its bonds back from the banks then the banks now have more cash so they can lend more money at lower interest rates, spurring growth.

We love the articulate support you give to this sub, u/lightbringerflex!

Agreed. Don't ever let them chip ya, man!

The big difference is that Americans have been trained not to care. We are the country of corruption.

Not the people, but our leaders.

We don't mind and will not march as long as we are placated. We don't care about the shadow government, even though many of us are aware it's in place.

Really we need an organizer. I doubt the US will ever allow someone like MLK, again, to rise to power. He was a person both blacks and white could march together in peace with.

Look at what Soros did. It's all about the organizers.

I think the CIA would take them out

They didn't expose their hand with Malcom X, MLK, or JFK. Are you stupid?

Go make a public post about this. No one understands our governments true power. I don't talk about this because it makes me Sick. Unless you have something to add I'm done.

Those people are not our leaders.

It's true and it's sad. The sheer apathy. As long as we can have our iPhones and Netflix and shiny distractions as a society then we are fine being fleeced.

If you did March the storm trooper police would be there to make sure it was 'controlled', mass surveillance would make sure they knew who was attending and the media would make sure that no one heard about.

Overdraft fees. That's how.

Thanks for this truth man.i appreciate all of these "real" conspiracies, not the "flat earth" or "reptilian politicians" bs

Bitcoin is freedom.

Good post. It makes me sad that the Fed isn't exposed more. Here's a quick tip to find out whose legit in politics - anyone who questions the Fed is legit. Ron Paul wants the Fed shut down, Rand Paul and Donald Trump want it audited.

The Fed is BS. As Ron Paul said, the founding fathers wanted only Gold and Silver to be legal tender. Fuck having a monopoly on printing money. And you wonder why the NWO shit their pants over Bitcoin...

End the Fed and shut it down.

Having precious metal as the only legal tender is inherently problematic when you consider how quickly the population is growing (not to mention the fact that over 90% of the money in the US economy is not represented with a physical token). The amount of value in the economy is increasing dramatically, not only from a growing population, but from increased productivity from advancing technology, as well as (sadly) manufactured desire for consumer trash. Gold is scarce and limited. You don't want to have a legal tender that you can run out of, unless your population and economy are stable.

What material you make your tokens out of is ultimately irrelevant. The only value that gold and silver have is that they are durable, malleable, chemically inert, and scarce, and the only reason scarcity is desirable is so that you can control the production of money. You don't have to worry about everyone minting their own gold coins because gold isn't something you can just go find lying around anywhere. Also, it's shiny and cool looking. That meant a lot to primitive people.

If there wasn't a centralized authority for printing money the economy would be a disaster. A dollar bill is a token of credit. That credit is only transferrable if the debtor (the US Treasury) is regarded by everyone to be creditworthy. If your neighbor Bob started printing Bob Dollars, they would be of no use for anyone who doesn't know Bob, because they can't be sure that his credit is worth anything. The current system of standardized currency has worked itself out through many centuries of international trade. Letting everyone have their own form of money is chaotic and unmanageable.

The concept of a central bank isn't the problem, it's the lack of accountability. We need the Fed to be semi-private in order to keep short-term political motivations out of the equation, but unfortunately our current system has the Fed basically doing whatever the fuck it wants and nobody's allowed to do anything about it. But, the solution is not to abolish the Federal Reserve Bank, it's to regulate it more. Though it seems that you Paul supporters are all anti-regulation, so I'm not sure what you guys even want lol

bitcoins FTW

This post is doing really well, so here's great list on fed reserve truth that you can skim over in a minute.

http://www.globalresearch.ca/25-fast-facts-about-the-federal-reserve-biggest-ponzi-scheme-in-world-history/5373609

I just had a tele-town hall with my congressman... national debt was actually a concern in my community. there was a telephone poll and everything about it.

What I've always found alarming is anyone who claims the title "economist" in terms of serving the public, or being a far removed outsider just relaying observations. If that were the case, they wouldn't be permitted anywhere near a camera. Those people made all sorts of testimony during the housing crash, and they were permitted to keep talking in circles, defecting real questions, and ultimately keep the status quo moving along.

How the fuck has this place not been bulldozed down yet? Why aren't there oceans of Americas swarming this place with massive protests to force the worlds attention on this TUMOR?

Public Schooling

That's just had its funding cut further...military got a 9% increase so it's all OK people. You are safe!

6 % intrest compounded daily [until very very recently]

Nah. It's not the Federal Reserve. It's the commercial banks that are robbing us blind. They are the ones that create the majority of the money in the economy.

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf

I think most of the Soros funded controlled opposition (OWS,BLM) and tea party etc were all designed to avoid a march like you speak of...I love the idea, the fed is the #1 parasite

99% of the people don't riot because they have no idea what the Reserve does.

South Korea does not have fluoridated water in most municipalities. The people haven't been gradually made docile.

The US is the opposite. The damage has been done to a majority of the people for a very long time. Just look at the turn-out to the PizzaGate protest in DC on Mar 25th; barely anyone showed up. If people aren't going to turn up to protect their children, they sure as hell aren't marching to end the Fed/IRS.

The payroll tax is pretty much what pays off the Federal Reserve. T

That damn near all of the payroll tax goes to the general fund / social security trust fund kind of makes that statement difficult to support.

A rebellion should happen at that time already if the power of the people meant anything, and not like now where california is threatening to secede and liberals are calling trump not their president.

All the people in 1913 did however, is to celebrate christmas.

When i see how doomed humanity is a speicemen, i'm shocked that how it really is.

If Apple hires Foxconn and other contractors to assemble their iPhone, do we say that Foxconn made the iPhone or that Apple makes the iPhone? Who owns the product and reaps the profit for the product at the end of the day?

BEP actually does the printing, but the notes are owned by the Fed. The point is it doesn't matter who actually makes the paper note. What matters is the owner of the finished product.

Irrelevant. See my other post. The Fed is the wall to the north standing between you and the dead. But for Fed intervention Congress would have spent America to pieces by now.