How The Fed Works

1. The bank asks the Federal Reserve to increase their accounts by $1 million. 2. The Federal Reserve does this by punching numbers into a computer, creating money. 3. The bank increases the amount in my bank account electronically. Not only do they charge me over 20 times the rate of interest that they pay, the new money causes inflation, which drives up the price of everything I buy, devalues my savings (for which they pay me nearly zero interest or even CHARGE me for banking with them), and reduces my quality of life. Furthermore, if the bank faces big losses (which, under conditions like that, takes effort), the Federal Government bails them out with taxpayer money. It must be hard to make it in the banking industry. Further still, the big banks act as a middleman between the Federal Reserve and the Federal Government. Hereís how this works: 1. The Federal Government borrows money from the big banks by selling them bonds. 2. While the banks hold the bonds, they collect interest. 3. The bank turns around with the new cash and buys more bonds or loans it to the public. With a $1.2 trillion dollar ($1,200,000,000,000) Federal budget deficit to finance every year, the banks receive billions in taxpayer money for doing absolutely nothing. There is no reason for the banks to be acting as profiteering middleman to the government, other than their bribe to Congress a century ago. In short, Big Money is afforded massive advantages over you and me. They steal our money through inflation and cheat us out of interest that would otherwise be owed to us in a non-criminal banking system.

Confession n 1. the act of confessing 2. something confessed 3. an acknowledgment or declaration, esp of one's faults, intentions, misdeeds, or crimes... From December 1912 to December 1913, the Glass-Willis proposal was hotly debated, molded and reshaped. By December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law, it stood as a classic example of compromiseóa decentralized central bank that balanced the competing interests of private banks and populist sentiment. 1914: Open for Business Before the new central bank could begin operations, the Reserve Bank Operating Committee, comprised of Treasury Secretary William McAdoo, Secretary of Agriculture David Houston, and Comptroller of the Currency John Skelton Williams, had the arduous task of building a working institution around the bare bones of the new law. But, by November 16, 1914, the 12 cities chosen as sites for regional Reserve Banks were open for business, just as hostilities in Europe erupted into World War I.

Give me control over a nationís currency and I care not who makes the laws

Confessions of an Economic Hit Man is John Perkins' fast-paced autobiography, which reveals his career as an economist for an international consulting firm. Perkins says he was actually an "Economic Hit Man." His job was to convince countries that are strategically important to the United States to accept enormous loans for infrastructure development and to make sure that the lucrative projects were contracted to U.S. corporations. Perkins takes the reader through his career and explains how he created economic projections for countries to accept billions of dollars in loans they surely couldn't afford. He shares his battle with his conscience over these actions and offers advice for how Americans can work to end these practices which have directly resulted in terrorist attacks and animosity towards the United States.

All WARS are Bankers Wars

PDF Attachment: All Wars Are Bankers Wars Banks in Control Links: Complete List of BANKS Owned or Controlled by the Rothschild Family Federal Reserve Education Federal Reserve Additional Information Read Full Article - Want to Read Full Article - What Really Happened