"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."
The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
A brave and principled statement of the TRUTH, for which the Honorable Patriot Louis McFadden paid for with his life.
Compare the intellectual honesty of Mr. McFadden with today's Chairman of the House Banking Committe, 'Horny' Barney Frank who was having a steamy love affair with a Fannie Mae Bigwig, Herb MOSES when the Mortgage Backed Securities Fraud was taking off.
That figure is then transmitted to the US Treasury and the US taxpayer picks up the bill for printing all of that "Monopoly" money, for which the Fed receives a gauranteed 6% interest rate, plus any carrying charges and miscellaneous fees they can tack on.
The Fed, sensing that there are too many USD in circulation, which is driving the down the dollar's value, then proceeds to 'buy back' 500 billion or so of that funny money from the Treasury Department, at a guaranteed interest rate around 3% again paid by the US taxpayer.
"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
President James A. Garfield
President Garfield was dead set against establishing a central, Federal Reserve type of bank.
After July 2, 1881, he was just dead, murdered by the 'crazed, lone gunman.'
The blood-sucking vampire banking families that own and run the Jewish controlled Federal Reserve are making at least 10% off of money that was created by them out of thin air and have used assasinations, false-flags, inside jobs and terror to maintain their absolute chokehold on our economy.
"Banking was conceived in iniquity and born in sin.....Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again.. if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”
Sir Josiah Stamp, President of the Bank of England, at a University of Texas appearance in 1927.
What's poor slobs like me, who put some of their money into a savings account, to do? Currently, my savings account is paying a miserly .07% or Seven-Tenths of ONE PERCENT interest rate.
Middle-Age Alchemists never had it so good.
This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to undisclosed foreigners about which financial institutions [or people] received all that loot:
Bernanke's answer: "I don't know."
As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: "YES"
Hmmm, wonder where all that wealth MADOFF to? Any guesses?
Fraudster's Partners are tied to Senior Israeli Criminals and Israel's Notorious Money-Laundering Bank in New York - so, where did the Money go?
Money-Laundering Rabbi Case in Los Angeles Echoes N.J. Scandal
France Investigates Israeli Bank Leumi For Money-Laundering That had Been Ongoing Since at Least 1996....
Israeli Bank Hapoalim Investigated for Money-Laundering
Israel Seen as Paradise for Money Laundering, but the police and prosecutors here face an almost insurmountable problem: Money laundering is not a crime in Israel.
Surely some of those laundered trillions wasn't used to pull off 9/11?