Topic: The Federal Reserve
Milesoftheusa's photo
Sun 11/16/08 12:31 PM
Has anyone watched the video about the Federal Reserve?

How it is not a federal building but is owned by a few families and the board is from them with 2 appointed from the U S Senate.

adj4u's photo
Sun 11/16/08 12:35 PM

Has anyone watched the video about the Federal Reserve?

How it is not a federal building but is owned by a few families and the board is from them with 2 appointed from the U S Senate.


you just figured it out

been posting about it for years

prescot bush was on the first board

his son was a president (war)

his grandson president (war)

wars make the fed res money

seems like a conflict of interest does it not

---

google -- zeitergeist

Milesoftheusa's photo
Sun 11/16/08 12:45 PM
Edited by Milesoftheusa on Sun 11/16/08 12:52 PM
Yes it does.

What I saw talked about how they dictate interest rates and loan money to banks.

The system is set up to say. Loan it to the bank at say 3% and the bank loans it out at some amount above that.

The banks though are told that what they are loaned from the Federal Reserve they are authorised to loan 10x that amount to the public.

Therefore that is why a run on a Bank causes it to close it's doors.

What is amazing to me is we hear the Federal Reserve loans the money at 3%.

What we are not told is when the bank loans 10x the money it recieved out. The 3% is also 10x to the Federal Reserve.

So these rich families are and have been making 30% or higher return for decades.

Now who would not like that deal.

It has been challenged several times and those challenged have been ridiculed by thier fellow congress men for doing so.

When the vote to allow this creation of a federal Reserve happened was on Dec 23rd. Most of congress had went home. The house passed it and then moved along to the senate.

Now how many votes do you or would believe passed it in the senate that Dec day?


Answer. 3... Wow what the History books leave out

adj4u's photo
Sun 11/16/08 12:51 PM
well the dems have enough power to dump it

Milesoftheusa's photo
Sun 11/16/08 12:55 PM

well the dems have enough power to dump it



That would be great. But I do not believe I will hold my Breathelaugh