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The Federal Reserve Scam – How it happened and what it means

Posted by sam222 on December 23, 2008

 

If you think what the fed is doing is good you must first understand what the fed is. It is not federal or part of the government and it is not good. It inflates a fiat dollar and steals wealth from the American people. Most Americans have no clue. It is the biggest rip off in history enron times a million.

Fact: The Federal Reserve is a private bank and not part of the government.

Fact: The Federal Reserves meetings are done in secret and congress has no oversight on the Federal Reserve Bank.

Fact: The Federal Reserve was created in 1913 when big banking interest caused a run on banks spreading false rumors. Legislation was then passed. 

Fact: The Federal Reserve had a big role in creating the great depression by tighten credit and causing a stock market crash. Many think it was to get rid of the thousands of small local banks of that time that they detested. 

Fact: When The Federal Reserve was created the dollar was worth 1 dollar and backed by gold. Now the dollar is worth 4 cents of the former value backed by nothing.

Fact: The Federal Reserve can make money out of thin air since the dollar is now backed by nothing. That’s right nothing the dollar is only paper and the fed creates them at will buying treasury notes and charging the taxpayers interest on the money the government borrows that it creates out of thin air.

 Fact: The Federal Reserve causes inflation by putting more dollars in circulation thus having more money competing for the same goods and services.

 Fact: The Federal Reserve is a legalized counterfeiting operation. Read the rest of this entry »

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The Federal Reserve Scam – How it happened and what it means-2

Posted by sam222 on December 23, 2008

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Vintage Keynesian propaganda

Posted by sam222 on December 18, 2008

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Federal reserve bank. What is it?

Posted by sam222 on December 17, 2008

Federal reserve bank. What is it? What does it do?
Few Americans know.

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