All federal income tax goes to the owners of the federal reserve


 
And yet it the Fed itself is exempt from taxes

Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings, according to the government website, federalreserve.gov, which outlines rules on taxation set forth in Section 7(c) of the Federal Reserve Act. www.newsmax.com/t/newsmax/article/651513

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67 thoughts on “All federal income tax goes to the owners of the federal reserve

  1. Was part of the deal With Woodrow Wilson when they both came into existence in 1913. We need a guarantee of payment. so they produced the income tax.

    • Your right Scottie!
      The ones who shout you down are paid trolls and or ignorant fools.
      The Federal Reserve is a Private banking system and the Puerto Rico Trust aka the ir s is also privately owned and is a division of the IMF.

      • YEP…..so when Puerto Rico was declaring bankruptcy….the IRS ( Illegal Revenue Service) was in the right place, the small office THEY use is in downtown San Juan, PR,…..and the wheels go round & round.

    • You’re constantly being shouted down because your understanding of monetary and economic issues is at par with a three year old’s understanding of quantum mechanics. Read some books, take some courses. You’ll be the better for it. 🙂

      • Wow! What an incredible comeback!
        Now. Back to the patently obvious;
        The so-called ‘Federal’ Reserve is a private Jewish bank owned by the filthy Rothschilds, which, in turn, owns EVERY country on earth – save Iran, Syria, N Korea – and Putin kicked the bloodsucking pimps out.
        Make senses when you understand the obvious.
        Get back to me when you have more than some petulant child insult. We’re not ALL stupid, ignorant sheep in Amerika.
        🙂
        “I would not be in the least bit surprised if these people would not some day become deadly to the human race.” ~ Voltaire (about Jews)

        • “We’re not ALL stupid, ignorant sheep in Amerika”
          Well, no, except for you of course. And what is your academic background as related to economics? You must have quite an impressive CV to come up with a brilliant conclusion like, “The so-called ‘Federal’ Reserve is a private Jewish bank owned by the
          filthy Rothschilds, which, in turn, owns EVERY country on earth – save
          Iran, Syria, N Korea – and Putin kicked the bloodsucking pimps out.” Stunning. Just stunning!

          • Gee, I don’t know where I came up with my ‘conclusions’. Maybe when the US Government says it’s not part of the government? Silly me!
            I figured it would be awhile before you answered with some bulshit, as when I responded, it was 0330 in Tel Aviv.
            Go shill somewhere else. MSM has a overwhelming cast of idiots who will believe your shite.

          • I guess the .gov on the FED site doesn’t register with you as being a government internet address. I suppose you think people would much rather believe a foul mouthed idiot like yourself rather than a PhD economics professor. I mean why extend the effort and mental exertion of actually trying to understand the mechanics of our monetary system when you can just kick back and regurgitate ridiculous assumptions put out by snake oil salesmen like G Edward Griffin. I do not subscribe to the main stream economic charlatanism that passes for accepted economic doctrine. But of course you wouldn’t have noticed that as you seem to prefer to gloss over the facts I have presented in a feeble attempt to justify your inarticulate and ignorant assumptions. So perhaps it is you who should go shill somewhere else.

          • O…M…G! LOL, did you Really imply that Ph.D. of Economics know squat ABOUT economics….Bless your heart (and good on ya, makin’ that money as a troll for Soros and Scum haha)…..Dear, IF Economics professors and Ph.d’s knew ANYTHING ….rather, TAUGHT anything that was actually of Value, our country would NOT have the financial issues AND Debt Slavery/Indentured Servitude that IS prevalent today. The REASON they teach that fiscally irresponsible tripe and nonsense is to keep the Sleople dumb and in poverty….ANY semi-literate 5th grader could explain this. Look ALL monies collected for Federal Taxes GOES TO THE DEPT created by the shysters, hucksters and Counterfeiters AT the Fed…this is common knowledge so our question to you, oh one who truly peddles the snake oil for Soros and Scum…..HOW IS MONEY CREATED? But even better, dear, WHY would a human being PAY to work, which equates to Paying just to live? Deep Thoughts with Jack Handy, I know…but Slavery is Slavery no matter how Trolls try to present it…..And O’dumbo, bwaaahhh….Mr. Law Professor/Lecturer….Renewing the Fed 100 contract SHOWED all that he was willing to sell his Own people down the river for a few of those worthless shekles.

          • Here’s a humorous response from Eliis Winningham’s FB page. I imagine he has to deal with a lot of ignorant, pompous posers like yourself Occams.
            The underlying reasons why some well-meaning people believe that the
            Federal Reserve is a private bank that controls the US government
            “Central Bank Independence: Myth and Misunderstanding” by L. Randall
            Wray, Levy Economics Institute of Bard College, March 2014: http://www.levyinstitute.org/pubs/wp_791.pdf
            Federal Reserve Private Banking Conspiracy Theorist: “Man, I’m not
            going to read that boring shit. After, like, the first two paragraphs, I
            just gave up. I mean, who the fuck can
            understand what that guy… what’s his name? Wray? Yeah, Wray… who the
            fuck can understand what this guy Wray is saying anyway, except for
            some big-headed academic? Fuckin’ bored me to tears, man.”
            “Mainstream Media Finally Realizes the Federal Reserve is a Private
            Bank that Controls the Govt” by The Free Thought Project, August 30,
            2017: http://thefreethoughtproject.com/federal-reserve-wst-journ…/
            Federal Reserve Private Banking Conspiracy Theorist: “Dude! Like, this
            article kicks major ass, man! Know what it reminded me of? Jason Bourne,
            bruh. You know how in the ‘Bourne Identity’ there was a government
            cover-up, and Jason Bourne was all like, ‘Yo! I’m exposing this shit
            right now. Gotta get to the bottom of this cause I wanna know why these
            dudes are fuckin’ with me. So, I’m like, gonna find out what’s up and
            shit.’ That’s what this article was like. My favourite part of that
            movie though was when he, like, fucked up that dude’s arm in his
            apartment with a bic pen. That was some awesome shit. Anyway, this
            action-packed article was easy to read. The plain truth is laid out
            right there in basic English, so, like, nobody’s got any excuse for
            being uniformed. Yup.”

          • Sayanim?
            Not buying. Too smart. ‘Greener (stupider) pastures’ on MSM sites.
            OH – wait!
            ‘Real News’ doesn’t allow commenting!

          • Ok, so he used Fuck a lot, big deal Sally Soft Hands, put on your big girls panties, as we do and move on PAST the saucy language and attempt to comprehend his point, HE SEES THE SCAM and wants to expose it….not hard…and Snowflake, FUCK just feels good to say and write, even for we who are articulate! Grow Up lil’ one 😉

          • Sweetheart, IF it’s NOT private, than WHY did O’Dumbo renew the 100 year contract. Silly Wabbit, other than the farcical ‘debt ceiling’, What Other ‘agencies’ of the U.S. Gov must be renewed? You’re cute though, I mean, Shills and Trolls need love too…right? lol

      • Sweetie-Pie, tossing about invective’s is NOT an argument,it is, Unequivocally, the last recourse for the uninformed and/or WRONG man….and it’s a Beta-Bully tactic best reserved for the intellectually pedestrian and 5th graders. So, dear, would the books be…say G.Edward Griffin’s Creature from Jekyll Island, or Bill Stills The Money Masters OR the Fed charter itself? I’m just askin’ because you failed to state Anything of value. Oh, and You’re Welcome! 😉

  2. The explanation below is the only one that makes sense to me as you could not create trillions out of thin air every year, spend it first without having a way to steal money back from the masses, so that you can eliminate it from circulation to conceal the fraud and theft by the Puerto Rico Trust aka ir s. and the fed that are both privately owned.
    ” All collections of income tax paid to the private Federal Reserve are retired from circulation the same way they are created by banks in the so-called loan process—by computer-keypad keystroke, in exchange for the borrower’s promise-to-pay; to wit:
    The purpose of income tax is to remove from circulation a substantial portion of the digits of credit “loaned” into circulation by banks by bookkeeping entry in the so-called loan process.
    Unless a significant amount of the digits “loaned” into circulation by the banks are collected by the IRS in the form of FRNs from (1) payments of income tax, (2) seizure and sale of real and personal property, and (3) seizure of bank accounts and paychecks and thereafter gifted or bequeathed (31 U.S.C. 321(d)(1) and (2)) to a non-U.S. Government employee and
    proxy / agent of the private Federal Reserve, i.e., the Secretary of the
    Treasury,[19] for transmittal to the private Federal Reserve as payments of interest on the national debt and thereupon retired from circulation, inflation skyrockets, prices go through the roof, and the fraudulent nature of the fractional-reserve banking system of the private Federal Reserve can be concealed no longer.[20]”
    From: https://supremecourtcase.wordpress.com/
    _______________________________________________________________
    Who Owns You? http://www.sweetliberty.org/issues/hoax/whoownsu.html#.WB1iYsko6Vo
    1. The IRS is not a U.S. Government Agency.
    It is an Agency of the IMF. (Diversified Metal Products v. IRS et al.
    CV-93-405E-EJE U.S.D.C.D.I., Public Law 94-564, Senate Report 94-1148 pg.
    5967, Reorganization Plan No. 26, Public Law 102-391.)
    2. The IMF is an Agency of the UN. (Blacks
    Law Dictionary 6th Ed. Pg. 816)
    3. The U.S. Has not had a Treasury since
    1921. (41 Stat. Ch.214 pg. 654)
    4. The U.S. Treasury is now the IMF.
    (Presidential Documents Volume 29-No.4 pg.113, 22 U.S.C. 285-288)
    5. The United States does not have any
    employees because there is no longer a United States. No more reorganizations.
    After over 200 years of operating under bankruptcy its finally over. (Executive
    Order 12803) Do not personate one of the creditors or share holders or you
    will go to Prison.18 U.S.C. 914
    6. The FCC, CIA, FBI, NASA and all of the
    other alphabet gangs were never part of the United States government. Even
    though the “US Government” held shares of stock in the various Agencies.
    (U.S. V. Strang , 254 US 491, Lewis v. US, 680 F.2d, 1239)
    7. Social Security Numbers are issued by
    the UN through the IMF. The Application for a Social Security Number is the
    SS5 form. The Department of the Treasury (IMF) issues the SS5 not the Social
    Security Administration. The new SS5 forms do not state who or what publishes
    them, the earlier SS5 forms state that they are Department of the Treasury
    forms. You can get a copy of the SS5 you filled out by sending form SSA-L996
    to the SS Administration. (20 CFR chapter 111, subpart B 422.103 (b) (2)
    (2) Read the cites above)
    8. There are no Judicial courts in America
    and there has not been since 1789. Judges do not enforce Statutes and Codes.
    Executive Administrators enforce Statutes and Codes. (FRC v. GE 281 US 464,
    Keller v. PE 261 US 428, 1 Stat. 138-178)
    9. There have not been any Judges in America
    since 1789. There have just been Administrators. (FRC v. GE 281 US 464, Keller
    v. PE 261 US 428 1Stat. 138-178)

    • “The purpose of income tax is to remove from circulation a substantial
      portion of the digits of credit “loaned” into circulation by banks by
      bookkeeping entry in the so-called loan process.”
      Yes, this is correct. Just as a commercial bank retires a loan when it is paid back, a central bank reduces or raises its deficit as it taxes or spends. The central banks deficit is the public’s asset. We use government currency to transact goods and services. This is the purpose of money. The purpose of taxation is to withdraw money out of the system to dampen inflation when an economy heats up.

      • Ehhhh! (as I say to my dogs when they misbehave)….You failed to engage in Due Diligence Jerkin….Whilst the ‘debt’/loan is in existence, what occurs many times over? I know, this is a reach for you limited comprehension of banking, but i’m going to enable you to Save Face……nah….i’m gonna go for it, ’cause ALL here already know your face in buried in Soro’s uh-emmm……ALL deposits and loans ARE listed as assets…basic economics, don’t need a ph.d to know easy shit like this….so it’s listed as an asset, EVEN loans from the FED when a bank needs cashola….so $200,000 mortgage is listed as an asset and then they Fractional-Reserve it, they multiply it, sometimes over 10 times….THAT is how they get so many lil’ wee 0000’s on their books which make them look Flush…but in fact, that ‘Creation’ IS counterfeiting and THAT IS facilitated BY the FED….which has share holders and their number one priority is TO those tribal members….but your still cute Jerkin 😉

    • Implying that a piece of paper that says degree on it is education. That piece of useless documentation doesn’t imply knowledge or experience, just means that you were stupid enough to put yourself into perpetual debt for many years into the future. That’s not very smart. Who is this ellis dude anyways?

      • In order to criticize our monetary system you must first understand how it works. The author of this article is clueless in this respect.

        • Actually the article challenged me and I did some research myself. Maybe if you have knowledge, present it and allow people to research the issue themselves. The media at this present moment is basically full of crap anyways. G Edward Griffin wrote a very good book on the topic. I’d listen to him before you or that ellis dude.

          • Ok, so all you have is insults and some unknown expert, not to mention you hold no knowledge yourself to present your side. I’ll pass.

          • LMAO, went to the ellis dudes site you linked, within the first two sentences he was wrong. I’ll read no further. Maybe find some who can be accurate within the first paragraph as a goal.

          • Actually the burden of proof is upon the accuser, I have asked for your perspective and received insults and some unknown “expert” as your source of you not being able to communicate any personal views or opinions. Any thing said will not be accepted by you whether true or not if it doesn’t fit your agenda or match your confirmation bias.

          • Most banking and economic policies and theories have historically failed the scientific method, with standing the test of time. As such they are theories, not proofs of success, which would explain the current world of affairs of mass debt, poverty and lack of individual ownership. The article is making the allegation that the Federal Reserve is private, and that through the magic of binary miracles and abstract key strokes the debt and tax payments are not to be considered accurate or reasonably accountable by any agency delegated with the responsibility of reporting as to the truth’s. From there you posed your argument on a non sequitur fallacy, not to mention the lunacy of debating through insult. Many have questions as to the inner workings of the Federal Reserve and the IRS, as is their right. It is becoming apparent that an individuals right to question is not tolerated within your group and highly discouraged, based on your groups need to stand as the sole authority concerning the miracles of fiat fictional currency backed solely by debt.

          • “From there you posed your argument on a non sequitur fallacy, not to mention the lunacy of debating through insult.”
            What I have said is that the FED is not a private institution. It is an arm of the Federal government. It is an institution whose members include commercial banks. All this can be verified from the information I have given you. Please don’t pretend to be some philosophical guru, it only makes you seem to be some idiot savant who is trying to cover
            their lack of knowledge on a subject with concepts that they think will
            intimidate their opponent. Non sequitur fallacy. Pffft! Like you even understand what that means.

          • I’m more inclined to assert that the Deep State is an arm of the Federal Reserve and the World Bank by way of the IMF, CFR and the United Nations. What is the FRN backed by?

          • Once you understand the operational mechanics of the FED you will come to see that constructs like the national debt and taxes funding government are a throw back to a time when the United States operated on a gold standard some 85 years ago. Congress at any time could vote in a government guaranteed job policy and fund it through the central bank, the FED, without fear of inflation, a boogeyman that mainstream economists throw up frequently. The big question is, why won’t they?

          • As I see it, as of this point the United States can no longer compete on the world market, due in part to labor costs another part is excessive profit, but worst is monopolization of consumer items as well as property and resources. We will never from this point on be able to compete with third world countries. Economics 101, we have more money going out than coming in and many States in this Nation are either stagnant or wholly reliant on Federal funding for their continued existence. One of the primary operational mechanisms of any money institution is pandering to and supporting their corporate benefactors as well as having the ability to buy corporate favors and legal devices through Govt benefactors and lobbying. Other countries have been buying gold and silver in tonnage, while the US relies upon fiat debt based FRN’s and misguided economic and banking principles increasing the middle class and belows ability to save and or reduce current debt.

          • “Stocks, dividends….in plain blue and white, even a 5th grader would understand…haha”
            What is it about this statement from the link you posted that you do not understand?
            “The Reserve Banks are not operated for profit, and ownership of a
            certain amount of stock is, by law, a condition of membership in the
            System. In fact, the Reserve Banks are required by law to transfer net
            earnings to the U.S. Treasury, after providing for all necessary
            expenses of the Reserve Banks, legally required dividend payments, and
            maintaining a limited balance in a surplus fund.”

          • Here’s what I’m trying to avoid, Thinking just because a claim follows a logical fallacy that it must be false. There are so many sides to this argument, many cases and legal decisions, as well as relevant laws regulating and administering to this issue that truth is either clouded or very hard to attain due to contradicting sources and available evidence. The only logical method is to question, then verify methods and motivations which will lead to facts. One of my concerns is the Globalist movements regarding many aspects of the common citizens and ability to achieve financial and economic freedom that will withstand and serve future generations.

          • NO it is Not an arm of the Federal Gov, as in TRUE fascistic behavior, it is ENABLED BY the gov to have an exclusive BUSINESS contract and relationship, in which other privately owned companies, banks, private citizens would not be given the same opportunity or ‘license’….just BECAUSE the gov ‘lets’ them’ does NOT equate to a gov arm/agency. Is JPL a gov agency…NOPE silly, it’s private BUT they get contracts which, say other ‘contractors’ are not afforded. You REALLY need to educate yourself! WHY have you not read the charter. WHY don’t we read what Judge David W. Williams had to say….see: Lewis v. United States, 680 F.2d 1239 (1982)…..Interesting case

    • Wow, I clicked on this little gem of a link to see what JK here was talking about. I knew right away it was going to be a crock because the first three paragraphs were all about how stupid everyone was that didn’t think the way the “author” was about to tell them they should. Then the lies began. I will simply paste one of the worst sentences here, save you all the trouble of following “Juergen’s” misdirection.
      “The Board reports to and is directly accountable to the Congress” Bwa ha ha ha ha ha!!!!!

      • The FED controls monetary policy, Congress controls fiscal policy. There is only one lie being propagated here, which is that you have a knowledge and understanding of our monetary system.

    • Spouting someone else’s ill conceived ideas about economics only makes you look stupid. Do the work and learn for yourselves how our monetary system actually operates. Knowledge is power and it is from this vantage point that needed changes will be implemented. Everything else is merely pissing into a headwind.
      https://www.amazon.com/Modern-Monetary-Theory-Practice-Introductory-ebook/dp/B01EG02ITA/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
      http://neweconomicperspectives.org/mmt-scholarship

  3. All should know that the FED is a Jewish owned and operated giant Ponzi Scam and Fraud. It amazes me that so many with supposed advanced credentials and education in finance, do not see and realize the fraud of the Federal Reserve.
    Simply – Cut off the Federal Reserve from all Government Finance and control. The Government to immediately issue their own currency – simply cancel the debt which is the result of past and presently continued criminal usury – this would be an amazing massive boost to the lives of all Americans and even many millions of others. Never happen though, they (The Deep State and Judeo/Freemasonry) would have us go to WW3 before they are divorced from control of the money in the US and much of the Industrial world. Together with their brothers in crime, the Fed. Reserve, Rothschild’s European Banking Conglomeration, Soro’s, and some few other Jewish/Masons – own and control it all – for now.

      • On the contrary:
        – “The Federal Reserve banks are not government agencies. …but are independent, privately owned and locally controlled corporations” – 9th. Circuit Court of the United States – Lewis Vs. United States, 680 F. 2d 1239, 1241., 1982.
        – “These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency.” Mr. Crozier of Cincinnati, before the Senate Banking an Currency Committee – 1913.
        – “The Federal Reserve Banks are not part of the government” – Untied States budget for 1991-92 part 7, page 10.
        – “The Federal Reserve bank buys government bonds without one penny..” – Congressman Wright Patman, Congressional Record, Sept 30, 1941.
        – “It is well that the people of the United States (including Juergen Krumpett) do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” – Henry Ford.
        – “This [Federal Reserve Act] establishes the most gigantic trust on earth. When the President [Wilson] signs this bill, the invisible government of the monetary power will be legalized…the worst legislative crime of the ages is perpetrated by this banking and currency bill”. – Charles A. Lindbergh Sr. 1923.
        – Chairman of the House Banking and Currency Committee speech on the floor of the House of Representatives – 1967 – called the Fed. Reserve Act and Corporation the biggest fraud ever perpetuated in this country. – Hon. Congressman Luis T. McFadden
        – “Money – Questions and Answers” By the Rev. Charles E. Coughlin – listened to in the 1930’s by over 50% of the American peoples via his radio stations and publications. Rev. Coughlin reveals the Jewish//Freemasonic conspiracy and fraud, to control the money’s of the United States.
        – “Banks lend by creating credit. (ledger-entry credit, monetized debt) They create the means of payment out of nothing.” – Ralph M. Hawtrey, Secretary of the British Treasury.
        -“Neither paper currency nor deposits have value as commodities, intrinsically, a ‘dollar’ bill is just apiece of paper. Depositis are merely book entries”. Modern Money Mechanics Workbook, Federa Reserve Bank of Chicago, 1975,
        I could list hundreds of books, comments, articles, from the Congressional Record, from Congressmen, from Bankers, from Economists, etc, all exposing the greatest fraud and monetary crime in American history – That of the Federal Reserve – a private banking and criminal conglomerate orchestrated and planned by the Rothschild’s, Rockefeller’s and Warburg’s – all Jewish entities.
        President Lincoln and President Kennedy, fully realizing this fact, that the bankers were creating money and debt from thin air, printed “GREENBACKS”, money printed and issued interest free by the Treasury and the United States Government – which was ultimately part of the reason they were both assassinated for. – read your history – idiot.
        I.E. The Government needs 10 million to build a bridge – asks the Fed. Reserve for 10 million. The Federal Reserve (FR) then purchases the ink and paper from the treasury to print, not 10 million, but 20 million, from nothing but ink and paper. The FR then buys 10 million of Treasury Bonds payable at the end of the year at interest back to the FR – imagine – then they are allowed [called the Law of 22] to lend the other 10 million to the member banks, and them to the smaller banks, each allowed to lend this amount 22 times with interest payable back to the FR. The Treasury and Gov. get nothing but a bill for 10 million – unbelievable but fact and true.
        Search and read: “The 1976 interview with Mr. Harold Rosenthal” then personal secretary to Sen. Jacob K. Javits. An arrogant interview that ultimately caused the demise or assassination of Mr. Rosenthal.
        It’s a said day when ignorant “goi” idiots, like Mr. Krumpett (unless he too is a Jew), fraudulently pose as someone knowledgeable on the monetary history and policy’s of the United States, and attempts to pass their ignorance off as fact, rather than illiterate fancy and stupidity.
        Mr. Krumpett – it is obvious that you need to get a real education and stop pretending you have any idea or understanding of our monetary system, and I advise anyone not to even give Mr. Krumpett the satisfaction of reading his fairytales on monetary policy.
        If you read Jewish literature, the Jewish Encyclopedia, Jewish Historians, Jewish Bankers and Economists in detail – many of whom laugh literally at the ignorance of the vast majority of peoples, not realizing they are being enslaved economically by a cartel of satanic Judeo/Freemasonry. But their day is coming…………………………soon.

        • “”Neither paper currency nor deposits have value as commodities,
          intrinsically, a ‘dollar’ bill is just apiece of paper. Depositis are
          merely book entries”. Modern Money Mechanics Workbook, Federa Reserve
          Bank of Chicago, 1975,”
          Yes, very good. Stay on this track. Deposits are created on the other side of a bookkeeping entry. When a promissory note is surrendered by the borrower to the lender the lender holds the value, which is the promise to pay by the borrower. This promissory note is secured by a lien on the borrowers assets. All money is created through the loan process. It is essentially the same whether this money is created by a public central bank or a private commercial bank.

      • Wow. You ARE pathetic – AND a shill.
        Stick to Bloomberg, NYT, WSJ, and other idiot-sites.
        “The Federal Reserve banks, while not part of the government,…” — United States budget for 1991 and 1992 part 7, page 10

        • I take my information from credentialed economists who have worked extensively in the financial business. I will agree with you that orthodox economists have a very poor understanding of the economic system. I prefer heterodox economists who understand how modern monetary systems actually work.

  4. I like Mike and note that he has helped me grow in my understanding on this topic. However…I feel he has stalled in his own growth of understanding and has settled to be a gold bug. I mean no disrespect nor assert that I know better. I would like to share a few points I feel are important yet rarely if at all, a part of the equation. The sole purpose of a medium of exchange is exactly that, to facilitate the total ease of trade. Gold is a scarce resource and needlessly heavy. Being a good and stable long term store of value people will use it for that and make it ever more scarce. We are not short on places to store our wealth, and stability is only a desired quality due to instability. Instability comes from the fact that the system was never designed to serve us. Of all the different utilities that serve man, the medium of exchange utility is the most powerful and fundamental. The true medium of exchange is time. If we have the time…then we can afford it. Our current system is enslaving. Consider this, they say Bill Gates is worth 90 billion, and the guy living in a cardboard box under a bridge is worth….nothing? He is worthless? Seems to me we are each born priceless, into a world literally made out of wealth. This system is designed to control, enslave and exploit. When two people agree to a fair and equitable exchange, neither profits and neither loses and yet, they both gain. Our system is based on profit and allows the few the power to afford what ever is necessary to maintain control, determine our future and limit what is affordable.
    Revelation 2.9
    I know thy works, and tribulation, and poverty, (but thou art rich) and I know the blasphemy of them which say they are Jews, and are not, but are the synagogue of Satan.

  5. Maybe the FED should be nationalized? Haven’t they have been looting this country for 100 years or more? Return the creation of debt free money to the congress where it belongs?

    • The FED already issues debt free money. It creates this money, which is called currency, when it pays for government programs. We refer to this money as the government deficit and it is created when the FED makes entries in its books. Private banks do the same, only they charge interest. With public banking, the deficit is reduced when taxes are paid to the government. With private banking, the debt is eliminated when the debt is paid off. In the first instance, government currency is taken out of the system, in the second, private bank money denominated in US dollars is destroyed and taken out of the economy.

  6. FAMOUS QUOTES ON MONEY
    The Bible Condemns Usury Banking:
    Deuteronomy 23:19: “Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury.”
    Leviticus 25:36-37: “Take thou no usury of him, or increase; but fear thy God; that thy brother may live with thee. Thou shalt not give him thy money upon usury, nor lend him thy victuals for increase.”
    “When the Babylonian civilization collapsed, three percent of the people owned all the wealth. When old Persia went down to destruction two percent of the people owned all the wealth. When ancient Greece went down to ruin one-half of one percent of the people owned all the wealth. When the Roman empire fell by the wayside, two thousand people owned the wealth of the civilized world…It is said at this time less than two percent (2%) of the people control ninety percent of the wealth of America.” -Lincoln Money Martyred
    Aristotle on Usury in 350 B.C. wrote:
    “The most hated sort of money-making, and with the greatest reason, is usury, which makes a gain out of money itself and not from the natural use of it-for money was intended merely for exchange, not for increase at interest. And this term interest, which implies the birth of money from money, is applied to the breeding of money, because the offspring resembles the parent. Wherefore of all modes of money-making, this is the most unnatural.” -The Church and Usury, by Rev. P. Cleary
    Saint Thomas Aquinas:
    “He who takes usury for a loan of money acts unjustly for he sells what does not exist. It is wrong in itself to take a price (usury) for the use of money lent, and as in the case of other offences against justice, one is bound to make restitution of his unjustly acquired money.” -The Church and Usury, by Rev. P. Cleary
    Benjamin Franklin, 1763:
    While visiting England, Benjamin Franklin was asked how he accounted for the prosperous condition of the Colonies. His reply was: “That is simple. It is only because in the Colonies we issue our own money. It is called ‘Colonial Scrip’ – and we issue it in the proper proportion to the demands of trade and industry.”
    Soon that information was brought to the Rothschild’s bank which coerced the English Parliament to pass a Bill providing that no Colony could issue its own money. Franklin said, “Within one year from that date the streets of the Colonies were filled with the unemployed.”
    Franklin later said that this was the original cause of the Revolutionary War. In his own language: “The Colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the Colonies their money, which created unemployment and dissatisfaction.” -Lightning Over The Treasury Building, by J.R. Elsom
    John Adams 1787:
    “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.” -Money – Questions & Answers, by C. Coughlin
    In 1790 Mayer Amschel Rothschild said:
    “Permit me to issue and control the money of a nation and I care not who makes its laws.”
    Thomas Jefferson said:
    “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money) should be taken from the banks, and restored to the people to whom it belongs.” -Lincoln Money Martyred
    “If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
    “I hope we shall crush in its birth the aristocracy of the moneyed corporations, which dare already to challenge our Government to trial of strength and bid defiance to the laws of our country.” -Money – Questions & Answers, by C. Couglin
    Lord Acton, Lord Chief Justice of England in 1875 stated:
    “The issue which has swept down the centuries and which will have to be fought sooner or later is the People vs. the Banks.” – I Want The Earth-Plus 5 Percent
    President Andrew Jackson to the bankers who approached him in the drawing room of the White House:
    “Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal God, I will rout you out!” -Money – Questions & Answers by C. Coughlin
    Abraham Lincoln:
    “The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.” -Famous Quotations on Money, by Sheldon Emry
    Editorial in the London Times after “Lincoln Greenbacks” were issued:
    “If this mischievous financial policy, which has its origin in the North American Republic, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”
    The Hazard Circular – published by London bankers, 1863:
    “The great debt that the Capitalists will see to it is made out of the war must be used to control the value of money. To accomplish this government bonds must be used as a banking basis. We are now waiting for the Secretary of the Treasury of the United States to make that recommendation.
    “It will not do to allow greenbacks, as they are called, to circulate as money for any length of time as we cannot control them. But we can control the bonds and through them the banking issues.”
    Salmon P. Chase in referring to the National Bank Act of 1862 said:
    “My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.” -Famous Quotations on Money, by Sheldon Emry
    Letter to: Messieurs. Iklheimer, Morton and Vandergould, No. 3 Wall St., New York, U.S.A.:
    “Dear Sirs: A Mr. John Sherman has written us from a town in Ohio, U.S.A., as to the profits that may be made in the National Banking business under a recent act of your Congress (National Bank Act of 1863), a copy of which act accompanied his letter. Apparently this act has been drawn upon the plan formulated here last summer by the British Bankers Association and by that Association recommended to our American friends as one that if enacted into law, would prove highly profitable to the banking fraternity throughout the world.
    “Mr. Sherman declares that there has never before been such an opportunity for capitalists to accumulate money, as that presented by this act and that the old plan, of State Banks is so unpopular, that the new scheme will, by contrast, be most favorably regarded, notwithstanding the fact that it gives the National Banks an almost absolute control of the National finance. ‘The few who can understand the system,’ he says ‘will either be so interested in its profits, or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical (adverse) to their interests.’ Please advise us fully as to this matter and also state whether or not you will be of assistance to us, if we conclude to establish a National Bank in the City of New York…Awaiting your reply, we are
    Your respectful servants.
    Rothschild Brothers.
    London, June 25, 1863” – Lightning Over The Treasury Building, J.R. Elsom
    Henry Ford said:
    “The function of money is not to make money but to move goods. Money is only one part of our transportation system. It moves goods from man to man. A dollar bill is like a postage stamp: it is no good unless it will move commodities between persons. If a postage stamp will not carry a letter, or money will not move goods, it is just the same as an engine that will not run. Someone will have to get out and fix it.” -Money – Questions & Answers, by C. Coughlin
    Hon. Charles A. Lindbergh, Sr., on December 23, 1913 stated:
    “This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.” -Famous Quotations on Money, by Sheldon Emry
    Concerning government bonds issued for a construction project Thomas Edison said:
    “People who will not turn a shovel full of dirt on the project, nor contribute a pound of material, will collect more money from the United States than will the people who supply all the material and do all the work. This is the terrible thing about interest.
    “In all great bond issues the interest is always greater than the principal. All the great public works cost more than twice as much on that account. Under the present system of doing business we simply add from 120% to 150% to the stated cost.
    “But here is the point: If our nation can issue a dollar bond, it is capable of issuing a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution, pays nobody but those who contribute in some useful way. It is absurd to say our country can issue bonds and cannot issue currency. Both are promises to pay but one fattens the usurer and the other helps the people.
    “If the currency issued by the people were no good, then the bonds would be no good either. It is a terrible situation when the Government, to insure the National wealth, must go in debt and submit to ruinous interest charges at the hands of men who control the fictitious value of gold. Interest is the invention of Satan.” -Lightning Over The Treasury Building, by J.R. Elsom
    Sir Josiah Stamp, President of the Bank of England, in an informal talk to 150 University of Texas students in the 1920’s said:
    “Banking was conceived in iniquity and born in sin…Bankers own the world. 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…Take this great power away from bankers, and all great fortunes like mine will disappear, and they ought to disappear, because this would then be a better and happier world to live in…But if you want to continue to be the slaves of bankers, and pay the cost of your own slavery, let them continue to create (your) money.” -“Bankonomics” in One Easy Lesson, by Peter Cook
    In 1933 Congressman Louis T. McFadden wrote:
    “Every effort has been made by the Federal Reserve Board (FED) to conceal its powers, but the truth is-the FED has usurped the government. It controls everything here (in Congress) and it controls all our foreign relations. It makes and breaks governments at will.” -Billions for the Bankers, by Sheldon Emry
    Robert Hemphill, for 8 years credit manager of the Federal Reserve Bank of Atlanta said:
    “If all bank loans were paid, no one would have a bank deposit, and there would not be a dollar of currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money, we are prosperous; if not, we starve. We are absolutely without a permanent monetary system. When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible-but there it is. It (the banking problem) is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon.” -Famous Quotations on Money, by Sheldon Emry
    Emanuel Josephson stated in the Rockefeller Internationalist:
    “They (the Rockefellers) control most of the important newspapers, magazines, and book publishing houses in the country, including the Curtis Publications, the Hearst Publications, Time, the New York Times, the Associated Press and many others.” -The Elements of Economics, by J.L. Carmichael
    John Moody wrote:
    “Seven men on Wall Street now control a great share of the fundamental industry and resources of the United States. Three of the seven men, J.P. Morgan, James J. Hill, George F. Baker, head of the First National Bank of New York belong to the so-called Morgan group; four of them, John D. and William Rockefeller, James Stillman, head of the National City Bank, and Jacob H. Schiff on the private banking firm of Kuhn, Loeb Company, to the so-called Standard Oil City Bank group…the central machine of capital extends its control over the United States…The process is not only economically logical; it is now practically automatic.” -Secrets of the Federal Reserve, by Eustace Mullins
    The Banker’s Manifest, 1934:
    “Capital must protect itself in every way, through combination and through legislation. Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law, applied by the central power of wealth, under control of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capital to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd”
    Nobel Prize Winner – Frederick Soddy:
    “The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.
    “This money comes into existence every time the banks “lend” and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears. This is what makes prosperity so “dangerous’ as it destroys money just when it is most needed, and precipitates a slump.
    “There is nothing left now for us but to ever get deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.
    “An honest money system is the only alternative.” -Lightning Over The Treasury Building, by J.R. Elsom
    Andrae Nordskog:
    “In February, 1850, our State of California issued bonds in the sum of $943.40 to pay for a granite slab to be placed at the 120 foot level inside of Washington’s Monument on the grounds of our National Capitol.
    “Our Golden State issued short term bonds bearing interest at the rate of 36% annually. In 1873 new bonds, in the amount of $2,277,500.00 were issued to retire the original bonds. Since that time the State has paid over $10,000,000 in interest but not one cent on the principal.” -We Bankers, by Andrae Nordskog
    John R. Elsom, 1941:
    “Since the people have either lost the heart to borrow from the Banks, or their collateral has already been taken over by the Banks – the latter being primarily the case – and therefore can no longer borrow, in order to get money into circulation the Government must do the borrowing in lieu of the people.” -Lightning Over The Treasury Building, by J.R. Elsom
    Summer H. Slichter (Professor Business Economics at Harvard):
    “The principal way in which dollars are created is by borrowing. This means that the number of dollars in existence at any particular time depends upon the ability and willingness of the banks to lend. The volume of purchasing power fluctuates with the state of men’s minds; the growth of pessimism may suddenly throw millions of men out of work (because of the lack of currency), or the growth of confidence may create thousands of job overnight (because of sufficient currency).” -Lightning Over The Treasury Building, by J.R. Elsom

  7. John Adams 1787:
    “All the perplexities, confusion and distress in America arise, not from defects in their Constitution or Confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit and circulation.” -Money – Questions & Answers, by C. Coughlin

  8. Lord Acton, Lord Chief Justice of England in 1875 stated:
    “The issue which has swept down the centuries and which will have to be fought sooner or later is the People vs. the Banks.” – I Want The Earth-Plus 5 Percent

  9. Thomas Jefferson said:
    “I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a money aristocracy that has set the government at defiance. The issuing power (of money) should be taken from the banks, and restored to the people to whom it belongs.” -Lincoln Money Martyred
    “If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered.
    “I hope we shall crush in its birth the aristocracy of the moneyed corporations, which dare already to challenge our Government to trial of strength and bid defiance to the laws of our country.” -Money – Questions & Answers, by C. Couglin

  10. In 1790 Mayer Amschel Rothschild said:
    “Permit me to issue and control the money of a nation and I care not who makes its laws.”

  11. Editorial in the London Times after “Lincoln Greenbacks” were issued:
    “If this mischievous financial policy, which has its origin in the North American Republic, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.”

  12. The Hazard Circular – published by London bankers, 1863:
    “The great debt that the Capitalists will see to it is made out of the war must be used to control the value of money. To accomplish this government bonds must be used as a banking basis. We are now waiting for the Secretary of the Treasury of the United States to make that recommendation.
    “It will not do to allow greenbacks, as they are called, to circulate as money for any length of time as we cannot control them. But we can control the bonds and through them the banking issues.”

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