Congress Man Tells TRUTH about Privately Owned Federal Reserve !!!

First I have to make this remark: The president is the punching bag for
monetary policy even though he did not directly affect monetary policy.
The Federal Reserve is rarely mentioned on television as being the
mastermind of the economy. The second thing I need to say is that the
FEDERAL RESERVE was not created so that it profits. RATHER it was created
so that a select few private insider commercial banks become extremely
profitable as the result of their ties to the FEDERAL RESERVE, and its
ability to subsidize fractional reserve lending at the expense of the
general public. These commercial banks control the Federal Reserve and its
policies. The FED, for example, carry out policies that causes little
banks to fail. These failed banks are taken over by the big insider banks
furthering the consolidation of the nation's monetary reserve.

The manner in which banks create money ex niholo (out of thin air) is by
the use of a scheme called fractional reserve lending. When you rent a DVD
movie, you are explicitly told not to copy and distribute the movie. Why
is that illegal? Because if you copy and distribute the movie, the movie
creators would loose profit as a result of the EFFECT of the
counterfeiting. A long time ago it was decided that a deposit to a bank is
legally a loan to the bank. Since case law (though English, but USA courts
have followed almost similarly) established in 1811 (Carr vs Carr, in case
you were wondering) that the money you put in your bank account no longer
legally belongs to you – instead, you are lending it to the bank, which in
turn is paying interest on the loan. Money is a fungible item, and it is
not treated as a bailment when you deposit your money in the bank. This
means that if you have $100k and deposit it in a bank, the bank can loan
the $100k to someone else. What happens, though, is that the person that
borrows the money soon uses it to buy something, a house, perhaps and the
seller of the house takes that money and most likely deposits it in a bank,
perhaps the same bank or a different bank. What happens is that the bank
that just received that $100k will loan that money out again, and the
inflationary cycle continues. The Money supply expands. In this situation
there are two conflicting titles to the money 1)the person that deposits it
and 2) the person that borrows it. This is precisely why the FEDERAL
RESERVE was created, so that conflict can be reduced to a government/public
subsidy. Further problem is that as the money supply expands, only the
principle exist in the money supply. In order for every borrower to pay
back the debt, they need to depend on more credit to provide the interest
payments. If the credit stops the economy goes into a recession-depression,
and the money supply shrinks. This is officially called the BUSINESS CYCLE.
The money supply created by private banks is over 95% of the money in the
economy. Just take the M0 money supply and subtract from the M2 or M3.

THE INCOME TAX
NOW there are two conflicting ideas about where income tax revenues goes.
The most elaborate research is the Grace Commission Report:
"100% of what is collected is absorbed solely by interest on the Federal
Debt … all individual income tax revenues are gone before one nickel is
spent on the services taxpayers expect from government."
-Grace Commission report submitted to President Ronald Reagan – January 15,
1984

Then, there are reports from the government that show a pie chart of what
the income tax revenues is used for: 38% goes to HUMAN RESOURCES; 30%
goes to CURRENT MILITARY, 18% goes to PAST MILITARY; 8% goes to GENERAL
GOVERNMENT; and 6% goes to PHYSICAL RESOURCES.

I really honestly do not know which is true, but what i do know is that the
NATIONAL DEBT is fraudulent, because the treasury makes bonds which are
purchased by private commercial banks using created money from the selling
of old bonds, and the multiplicity effect of the fractional reserve
scheme. This scheme is inflationary on both ends, the expansion of credit
and the introduction of new money into the system. If you are going to
have an inflationary system why not for the public good, for public
programs?

Scott h回复
Jew – New York Times – Sulzberger
Jew – BBC – Michael Ian Grade, Mark Thompson
Jew – Sirius Satellite Radio – Scott Greenstein
Jew – Paramount Pictures – Bradley Alan Grey
Jew – 20th Century Fox – Sherry Lansing
Jew – News Corporation – Peter Chernin
Jew – Columbia Pictures – Kaufman
Jew – Warner Brothers – Barry M. Meyer
Jew – Clear Channel – Andrew Levin
5:48
Congress Man Tells TRUTH about Privately Owned Federal Reserve !!! Congress
Man Tells TRUTH about Privately Owned Federal Reserve !!!

"Let’s be honest with ourselves, here, fellow Jews. We do control the
media. We’ve got so many dudes up in the executive offices in all the big
movie production companies it’s almost obscene. Just about every movie or
TV show, whether it be “Tropic Thunder” or “Curb Your Enthusiasm,” is rife
with actors, directors, and writers who are Jewish. Did you know that all
eight major film studios are run by Jews?" – Manny Friedmann

Are you serious? It's PRIVATE. Owned by the Rothschilds/Rockefellers. They
and the Queen run EVERYTHING. Have you ever has a sneak peek? No. Have they
ever been audited? No. Then Greenspan says that they are above the law and
as long as that is in place, nothing anyone says to them is even relevant!
You or the freaking White House have no say, therefore, it's private. Go
look up "How Rothschild rule USA." A nice summary.

Jew – Warner Co – Martin S. Davis Jew – Dreamworks – Spielberg Jew – Walt
Disney Television, Touchstone Television, Buena Vista Television – Micheal
D. Eisner Jew – VIACOM – Sumner Murray Redstone, real name Rothstein Jew –
MTV – Murray Rothstein Jew – Nickelodeon – Murray Rothstein Jew – Universal
Pictures – Stacey Snider Jew – Universal Studios – Ron Meyer etc…

The fed is not private. What an absurd statement.

the fed res chairman mr b admitted as much, he said "private"

is this normal, that nobody sits there?

and the difference is..the post office gets audited..quarterly…

Here’s a partial list of who’s who as far as the “Federal Reserve”
bankster/owners are: Rothchild-Bank Of London-London&Berlin Lazard
Brothers-Paris Israel Seiff-Italy Kohn/Leob Company-Germany
Warberg-Amsterdam&Hamburg Lehman Brothers-New York Goldman/Sachs-New York
Rockefeller-Chase Manhattan, New York Wodrow Wilson signed the Federal
Reserve Act in 1913, because the international Jewish banksters helped him
win the Presidential election

S. Reid you forgot the VATICAN. …stores the real history of all
civilizations…and that last pope was last pope linked to hitlers
children. …he was one of them….