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Now, what are the results of this transaction! The $1īillion in Government bills is paid, but the Government has now indebted $1 billion (about $1,000), and makes the exchange. The Federal Reserve then pays the cost of printing the Which are then delivered to the Federal Reserve Bankers. Then authorizes the Treasury Department to print $1 billion in U.S. $1 billion in money or credit to the Federal Government only in exchangeįor the Government's agreement to pay it back - with interest! The Congress Reserve does not just give its money away! The Bankers are willing to deliver Which is now in charge of creating the money for the country. Its authority to create it, the Government must go to the Federal Reserve, Since it does not have the money, and Congress has given away ($1 billion) more, after it collects the taxes, to continue financing its To Obtain The Money Let us say that the Federal Government needs $1,000,000,000 Is not created!, Let me give an example to illustrate this point. But this is a debt-money,īeing interest is charged on every dollar that is created, but the interest Of exchange by the people of the United States. Yes, the Federal Reserve Notes are accepted as a medium The same as a medium of exchange with which to perform business transactions". Or private Bankers create the money? It is accepted by the people just Some might ask: "What does it matter if Congress States that Congress, and only Congress shall have the power to coin and Of the United States when it passed this Federal Reserve Act, for it specifically Why, you ask? Because the Congress went against the Constitution Notes, used as money in the country, cannot be considered as being constitutional But we have to understand that these Federal Reserve "Federal Reserve Notes", which are still accepted today as moneyĪmong the citizens of the country. This function over to the Federal Reserve Corporation. Right to create money or to have any control over its creation, and gave This new law completely removed from the Congress the
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The passage of this Federal Reserve Act authorized theĮstablishment of a Federal Reserve Corporation, with a Board of Directors Power to create the money to run United States away from the Congress,Īnd gave it over to private Bankers, who called themselves the Federal The Congress passed the Federal Reserve Act, which officially took the The Federal Reserve Act But the final blow came in 1913, on Christmas Eve, when The Bankers having devised all kinds of tricks to try to take control of Was signed, the money in the country was handled both legally and illegally, So, what happened? For several years after the Constitution Government must be the only creator of money. Profits of its creation, not just private Bankers, and therefore the national Laws." It was their belief that all citizens should share in the To issue and control the money of a nation, and I care not who makes its They understood the tricks of the Bankers, for what did MayerĪnselm Rothschild, the great European Banker, once say: "Permit me Of interest, and who could actually then control the country by controlling To create and control the money be in the hands of the Federal Congress,Īnd not in the hands of private Bankers who could charge enormous amounts It was the wish of the Founding Fathers that the power Of this Constitution: Congress shall have the Power to Coin Money and Regulate United States back in the 1700's, they specifically stated in Article 1
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When our Founding Fathers wrote the Constitution of the Operated for the financial gain of the Bankers over the people, rather Is a private corporation controlled by the Bankers, and therefore it is Reserve Corporation is not a government agency, as most people think. A Private Corporation The first thing that must be understood is that the Federal "Billions for the Bankers - Debts for the people" by SheldonĮmry. A good resource book that I am using is entitled What the Federal Reserve is really all about, and how it is being used The population! In the next few paragraphs, I am going to simply explain And this is exactly what the Bankers want: ignorance among
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Government agency, probably because the word "Federal" is used Is the misconception most American have: that the Federal Reserve is a Reserve is, he probably would tell you that it is a government agency thatĬreates all of the money to run the United States. If you would ask any American citizen what the Federal America's Greatest Problem - It's Debt Money System