Federal Reserve Power

Below is quote from Representative Louis T. McFadden, Chairman of the Committee on Banking and Currency for 12 years as quoted from the Congressional Record

The Federal Reserve Board, …, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt…Our people’s money to the extend of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve Banks……………SUMMARY OF QUICK 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, Schs of New York
– Chase Manhattan Bank of New York
In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the FED.

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.

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

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.

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.

HISTORY OF THE FEDAfter 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 EXPENSEThe US goverment runs a $400 billion deficit annually. To cover this, the US goverment 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 (~3 cents/$100).

At this point, the owners of the FED already profit $99.97 for every 3c 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 profitted $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 receives the interest on the BONDS they’re holding, they are receiving that money for FREE (save the initial 3cent/$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 ~$20 billion to the US Treasury. The rest of the profit has been spent as “Operational Expenses”.

The FED expects us to believe that the FED operational expenses amounts to $100’s 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 ABOLISHED1. 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 INFLAFION.

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.

6. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2%/yr, 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.

7. 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 literatures:
– 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

when you are sure about the facts,

2. Call your Congressman and tell him to support the legislation to AUDIT the FED.

3. Call your representatives and ask them to support legislation introduced by Congressman Henry Gonzales to repeal the Federal Reserve Act of 1913.

4. Push for your home states to introduce and pass a legislation to end the FED scam. The following states have already done so:
Arizona , Washington , Arkansas , Idaho , Oregon , Indiana , and Texas .
Even if you live in these states, contact your representatives and tell them to support the legislation. THEY WILL LISTEN if you care to TELL THEM!!!

5. Ask your STATE and COUNTY government to abolish the FED. Since the FED is CONSTITUTIONALLY ILLEGAL, it MUST be abolished. Ask your state/county governments for the proper paperworks.
If the US Congress refuses to abolish the FED, your STATE/COUNTY governments can do it.

6. Collect signature on petitions calling for the end of the FED.

7. Tell friends and family about this fraud, and ask them for supports. Secrecy is the FED’s main strength. Since the media has been quiet, no one even notice this FRAUD that goes on for decades.
Now it is up to the tax payer to be informed. Inform everyone you know about this, and be organized!!!

8. Contact “ America Betrayed”,
Center for Action,
652 N. Glenview ,
Nesa , AZ 85213

9. Contact “National Committee to Repeal the Federal Reserve Act”,
P.O. Box 1205 , Middleburg, IL60599

10. This article maybe reproduced and distributed freely WITHOUT changes.

Federal Reserve Power
http://whistleblowers.freehosting.net/federal_power.htm

Inflation and the Dollar’s Crash
http://www.youtube.com/watch?v=xLYLb9Vm4xU&feature=related

Conquering the Spirit of Debt – 49 min
http://video.google.com/videoplay?docid=3051024550497129264&hl=en

The Gig Is Up: Money, the Federal Reserve and You
http://video.google.com/videoplay?docid=-4020719354420953428&hl=en

Quote of the Day:Congressman Ron Paul

“It has been argued that full disclosure of details of funding facilities like TALF and PDCF, that enabled massive bailouts of Wall Street, would damage the financial position of those firms and destabilize the economy. In other words, if the American people knew how rotten the books were at those banks and how terribly they messed up, they would never willingly invest in them, and they would fail. Failure is not an option for friends of the Fed. Therefore, the funds must be stolen from the people in the dark of night. This is not how a free country works. This is not how free markets work. That is crony corporatism and instead of being a force for economic stabilization, it totally undermines it.” — Congressman Ron Paul

MORE THAN 12 MILLION AMERICANS HAVE BEEN ARRESTED FOR POT POSSESSION

San Francisco Weekly – According to the just-released Uniform Crime Reports, U.S. law enforcement made 847,863 arrests on marijuana charges, 89 percent of which were for simple possession, not sale or manufacture. More Americans were arrested for marijuana possession than for all violent crimes combined. During 2008, one American was arrested for marijuana every 37 seconds.Marijuana arrests reached an all-time high at more than 872,000 in 2007. More than 12 million American citizens have been arrested on marijuana charges since 1965.

California: Oakland Voters Approve Nation’s First Marijuana Business Tax

Oakland, CA: Municipal voters on Tuesday overwhelmingly approved the nation’s first ever business tax on retail marijuana sales.

Approximately 80 percent of Oakland voters approved the new tax (which appeared on the ballot as Measure F), which imposes an additional tax for “cannabis businesses” of $18 for every $1,000 of gross receipts beginning January 1, 2010.

Presently, Oakland’s medicinal cannabis dispensaries are taxed at the same rate as other retail sales businesses ($60 per year for the $50,000 of gross receipts, plus $1.20 for each additional $100,000).

Four dispensaries are licensed by the Oakland City Council to sell and dispense medical marijuana.

According to a financial analysis by the Oakland City Auditor, Oakland’s new cannabis business tax will generate an estimated $300,000 in additional annual tax revenue. Other proponents have estimated that the new tax could yield up to a million dollars yearly.

Representatives from the Oakland City Council, the California Nurses Association, and the dispensary community publicly advocated for the new tax, which had no formal opposition.

“The passage of this first-in-the-nation tax further legitimizes cannabis-based enterprises in Oakland and elsewhere,” NORML Executive Director Allen St. Pierre said. These outlets are contributing to the health and welfare of their local communities, both socially and now economically. At a time when many municipalities are strapped for tax revenues and cutting public services it is likely that public officials in other cities will begin considering similar proposals.”

City officials in Los Angeles, San Francisco, and Berkeley may also impose a cannabis-business tax on certain retail dispensaries.

For more information, please contact either Allen St. Pierre, NORML Executive Director, at (202) 483-5500, or Dale Gieringer, California NORML Coordinator at: (415) 563-5858.

An exchange between My Senator and I about GMOs and food safety..

On May 28, 2009, at 6:31 AM, <senator@feinstein.senate.gov> <senator@feinstein.senate.gov> wrote:

Dear Mr. Saunders:

Thank you for writing to express your views on the “Global Food Security Act of 2009” (S. 384). I appreciate hearing from you on this legislation and welcome the opportunity to respond.

Like you, I believe that Congress must maintain its commitment to a robust foreign aid package designed to help develop and maintain effective food security programs worldwide. Please know that I understand and have noted your concerns about the development of genetically modified food as a means to provide for global food security.

As you may know, on March 31, 2009 the Senate Committee on Foreign Relations favorably reported S. 384 to the full Senate for consideration. Be assured that I have noted your views on how best to further global food security, and will keep your views in mind should the Senate have the opportunity to debate this bill.

Again, thank you for writing. I hope that you will continue to write on matters of importance to you. Should you have any further comments or questions, please feel free to contact my Washington, D.C. office at (202) 224-3841. Best regards.

Sincerely yours,

Dianne Feinstein
United States Senator

Further information about my position on issues of concern to California and the Nation are available at my websitehttp://feinstein.senate.gov/public/. You can also receive electronic e-mail updates by subscribing to my e-mail list at http://feinstein.senate.gov/public/index.cfm?FuseAction=ENewsletterSignup.Signup.

Dear Senator,

Thanks for your reply.
As for your statement which I am perceiving as a “hinting” without verbally committing to the position of being in SUPPORT of Genetically Modifying Organisms in dangerous and wreckless ways before feeding them to ourselves despite scientific evidence and a great deal of it that suggests that it is endangering to human health and safety to do so? As a public leader it seems that you hold a tenuous position of balance between individual human rights concerns and corporate interests, and possibly without enough time to fully research the information required to make a fully responsible decision about the issue, you have my empathy on that if it is the case. It is on this issue that I urge you to draw the line on the side of human rights concerns, many of your constituency have researched enough to know that GMOs for food is a dangerous proposition, and only valuable to those who would seek to harm human life, justifying the act with statistics, and junk-science. When this comes up on the floor for debate, what will your position be on the issue of GMO’s? You reply that you have noted mine, and neglected to inform me of your position. Am I mistaken in my assumption that you and I have differing views on this issue?

As always, I appreciate you and your efforts,

Stephen Saunders

OUR MEXICAN DRUG POLICY REPEATS THE SORRY STORY OF PROHIBITION

Bruce Mirken, Alternet – Like it or not, marijuana is a massive industry. Some 100 million Americans admit to government survey-takers that they’ve used it, with nearly 15 million acknowledging use in the past month.

That’s a huge market — more Americans than will buy a new car or truck this year, or that bought one last year. Estimates based on U.S. government figures have pegged marijuana as the number one cash crop in America, with a value exceeding corn and wheat combined.

Our current policies are based on the fantasy that we can somehow make this massive industry go away. That’s about as likely as the Tooth Fairy paying off the national debt.

We haven’t stopped marijuana use — indeed, federal statistics show a roughly 4,000 percent rise since the first national ban took effect in 1937 — but we have handed a virtual monopoly on production and distribution to criminals, including those brutal Mexican gangs. . .

We’ve seen this movie before. During the 13 dark years of alcohol Prohibition, ruthless gangsters like Al Capone and “Bugs” Moran had a monopoly on the lucrative booze market. So lucrative, in fact, that these scoundrels would routinely gun each other down rather than let a competitor share their territory. Sound familiar?

Today, the bloodbath is taking place in cities like Tijuana and Juarez, Mexico, but it’s beginning to spill across our border. Prohibition simply doesn’t work – not in the 1930s and not now. . .

The situation is so intolerable that three former presidents of Mexico, Colombia and Brazil have recently joined the chorus calling for a shift in U.S. marijuana policy.

There is no reason to believe that our nation’s current marijuana policies are reducing the use and availability of marijuana. Indeed, in the Netherlands — where, since the mid 1970s, adults have been permitted to possess and purchase small amounts of marijuana from regulated businesses — the rate of marijuana use is less than half of ours, according to a recent World Health Organization study. More importantly, the percentage of teens trying marijuana by age 15 in the Netherlands is roughly one-third the U.S. rate.

By taking marijuana out of the criminal underground and regulating and taxing it as we do beer, wine and liquor, we can cut the lifeline that makes these Mexican drug gangs so large and powerful. And at the same time we’ll have a level of control over marijuana production and distribution that is impossible under prohibition.

Marijuana’s Impact On Adolescent Brain “Subtle” Compared To That Of Alcohol

San Diego, CA: Chronic marijuana use by adolescents may subtly impair certain neurocognitive skills, but this impairment is far less severe than the adverse effects associated with the use of alcohol, according to a review published in the January issue of the scientific journal Clinical EEG and Neuroscience.

Investigators at San Diego State University and the University of California at San Diego wrote: “Recent research has indicated that adolescent substance users show abnormalities on measures of brain functioning, which is linked to changes in neurocognition over time. Abnormalities have been seen in brain structure volume, white matter quality, and activation to cognitive tasks, even in youth with as little as one to two years of heavy drinking and consumption levels of 20 drinks per month, especially if [more than] four or five drinks are consumed on a single occasion. Heavy marijuana users show some subtle anomalies too, but generally not the same degree of divergence from demographically similar non-using adolescents.”

By contrast, studies have demonstrated that marijuana use by adults, even chronic use, is seldom associated with any long-term residual impact in cognitive skills.

Commenting on the UCSD/UCSD study, NORML Deputy Director Paul Armentano said: “This review affirms once again that cannabis, though not harmless, poses far less risk to the consumer than does alcohol. Given this premise, it is counterintuitive that our state and federal laws embrace the use of booze while stigmatizing and criminally prohibiting the use of marijuana by adults.”

For more information, please contact Allen St. Pierre, NORML Executive Director, at (202) 483-5500 or Paul Armentano, NORML Deputy Director, at: paul@norml.org. Full text of the study, “The influence of substance abuse on adolescent brain development,” appears in the journal Clinical EEG and Neuroscience.