Learn the TruthThe "Federal Reserve" Is a S-C-A-M....The worst legislative crime of the ages is perpetrated by this banking and currency bill." --Congressman Charles A. Lindbergh, Sr. The Federal Reserve Bank is not a federal agency. It is not a reserve. It is not a bank. (A "bank" doesn't print money.) What the FED Is The "FED" is America's "central banking" system. Like "The Patriot Act," the name alone makes a very misleading impression. Though it sounds like a government agency, it is mostly privately owned. It was created by the Federal Reserve Act, which slipped through congress during Christmas break in 1913, and was signed by a reluctant president Woodrow Wilson... late on Christmas Eve! This mostly privately-held "government entity" is comprised of:
Private banks own the Federal Reserve Bank stock, which is not like owning publicly traded stock. The stock cannot be sold or traded. Member banks receive a fixed, 6 percent dividend annually on their stock, and they do not directly control the applicable Federal Reserve bank as a result of owning this stock. So who owns the banks that won the Fed? The largest portion is owned by old-wealth investment families. Citicorp, for example, is the largest shareholder, which is in turn owned by private investors... Price Alwaleed Bin Talad of Saudi Arabia owns a large part of Citicorp's stock--about nine percent. Others investors in banks owning most of the Fed include the Rothschilds of London and Berlin; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.  The FED issues all US currency, LENDING it to the US government with interest. The FED takes in about one trillion dollars per year (tax free), about 90% of which is from interest. The FED's 2008 balance sheet includes over 880 billion in assets (and for SOME reason, its assets are increasing rapidly). No wonder the FED is secretive and full of doublespeak.
"I am a most unhappy man. I have unwittingly ruined my country... all our activities are in the hands of a few men...
...the opinion and duress of a small group of dominant men."
Why Many Republicans AND Democrats Object--President Woodrow Wilson, about signing the Federal Reserve Act What the FED does is called "fractional banking:" the creation and loaning of money from nothing. While in theory, a central bank seems like a good idea, private banks-including the FED-operate in the interest of their stakeholders, and NOT in the best interest of our People. In fact, it has put the American People in a losing situation, where the debt can never be repaid... because interest is charged on the money used to repay it! Is ANYONE paying attention? How It Should Change The People of America should own the entity that prints, holds and controls our money. A cartel of private banks should not be empowered to print money and loan it to America. Only Congress should exert constitutional authority over our monetary policies. What The People Can Do On May 23, 1933, Congressman Louis T. McFadden brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON. The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and was never acted on. Currently Congressman Ron Paul (R, Texas) is pushing Proposition H.R. 2755, legislation to abolish the Fed. Let's ACT:
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