This thing took 1 hour and 16 minutes to render. Probably about 50 hours of work overall. (I didn’t know anything about the Fed at the beginning of this proj…
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The Federal Reserve System
This thing took 1 hour and 16 minutes to render. Probably about 50 hours of work overall. (I didn’t know anything about the Fed at the beginning of this proj…
I am looking for info on how credit card works. This is what I believe.
1) When you sign a merchant's sales slip, you create a contract for the
payment of money that is capable of transfer or negotiation. 2) The
merchant takes this contract for payment and deposits it into its merchant
bank account. 3) The merchant bank accepts this deposit as an asset and
records an offsetting liability in the form of a credit to the merchant's
demand deposit account in the same manner as if the merchant deposited
cash. 4) The charge slips are then forwarded to VISA or Mastercard, which
in turn forwards the slips to the issuing bank. 5)The issuing banks sends
you a statement, and when you pay the bank, your checking account is
debited at your bank. The Question is: Where does the money come from when
the merchant's bank account increases? There should be a decrease in the
cardholder's bank, which is, I suppose, where the loan money comes from.
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 made so
that a select few private insider commercial banks become extremely
profitable as the result of its ties to the FEDERAL RESERVE. 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 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.
That is a much better analogy! Thanks for showing it, I'm glad it is being
used!
Hey, thanks!
I think people not seeing anything wrong with the FED system are naive. The
system is probably brilliant except few things. The interest that we have
to pay and the power hungry people behind it. Ask your self a question why
is everybody broke. Where is all the money? Why do we now have to pay
income tax? Why is the national debt more than GDP now and why do we have
to pay interest on it and where does it go? Why do we buy for our dollar
less and less?
I've told Harry Reid to put the bill up for a vote Tim Johnson to pass it
through committee Al Franken and Amy Klobuchar, my Senators to support the
legislation Secretary Geithner to push Congress to pass it Writen the
president urging him to sign it if it comes to his desk I think i'm covered!
Ron Paul introduced the Federal Federal Reserve Transparency Act of 2012.
This bill's purpose is to require the Comptroller General of the United
States to perform an audit of the Federal Reserve System. This bill passed
327-98 in the U.S House of Representatives. Senator Rand Paul (Ron's son)
introduced the bill into the Senate as S 202. Please go to
auditthefed(.)com, then go to "Contact Congress", and contact your Senator
(only your Senator) to cosponsor the bill.
Really helpful 🙂
Abraham Lincoln considered ( and wrote ) that he believed commercial banks
to be a greater threat than any standing army . Why ? Thomas Jefferson
hated them . Why ? ( find his quote ) Woodrow Wilson wrote " I have ruined
my country " . Why ? ( he had just enabled The Fed ) Executive Order 11110
. by JFK . Why ? ( many many people believe JFK was executed because of
this exec order )….what was JFK going to do ? whywhywhywhy ???? …..easy
….greed avarice power.
HELL YEAH! END THE FED!!!
I disagree, the Fed does not make things run smooth. On the contrary they
milk the American people by keeping our gov. in perpetual debt & the people
of this country are forced to pay (END THE FED). Good free book from 1933
on the net: "Occult Theocracy" by Edith Starr Miller. Shows how through out
history the Babylonian / Cabalistic / Mystery Religion Elite Basically
Terrorise the citizenry through fear & Black magic into submission. 911 =
nano thermite & explosives. Moon Hoax, Fluoride=Poison
Great job on this!
Great video. Showed it to my class as a summary. Also, one of my students
thought of a better analogy than the fish tank – a plant. They die when
under or over watered. THANKS for an entertaining way to show my students.
Go back to watching Anonymous, Ron Paul, and other nutty videos on YouTube.
This guy is here to do a little bit of serious work.