In response to
Not Worth a Continental
DrPeterPalms in Seattle, WA
Monday, June 18, 2012 at 5:04 PM
In response to
The Right Opinion
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There's a Fly in My Soup
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Obama and the Law
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Liberty, Where Have You Gone?
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Obama May Survive, but Scandals a Blow to Left
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Weathering the Politicians
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When Did We Vote to Become Mexico?
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IRS's Lois Lerner Pleads the Fifth
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More Questions Than Answers
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The NLRB's School-Door Stand
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Paranoid or Prescient?
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Low-Skilled Workers Get Raw Deal Under Obamacare
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Obama and 'Overreach'
- More Opinion
Policy and Analysis
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The fed is not a Government Agency. It's 100 year charter,granted to a private group of bankers in 1913 by Cnngress authorizing it to legally counterfeit money by printing fiat hundred dollar bills expires 2013. It has • been incapable of accomplishing its stated objectives. • It is a cartel operating against the public interest. • It is the supreme instrument of usury. • It generates our most unfair tax. • It encourages war. • It destabilizes the economy. • It is an instrument of totalitarianism.
It has debt totaling $202 Trillion dollars. That's a stack of hundred dollar reserve notes reaching 149,000 miles to the moon. It has already collapse three time in its history and a fourth is imminent in inevitable unless it is abolished.
Marriner Eccles was the Governor of the Federal Reserve System in 1941. On September 30 of that year, Eccles was asked to give testimony before the House Committee on Banking and Currency. The purpose of the hearing was to obtain information regarding the role of the Federal Reserve in creating conditions that led to the depression of the 1930s. Congressman Wright Patman, who was Chairman of that committee, asked how the Fed got the money to purchase two billion dollars worth of government bonds in 1933. This is the exchange that followed. ECCLES: We created it. PATMAN: Out of what? ECCLES: Out of the right to issue credit money. PATMAN: And there is nothing behind it, is there, except our government's credit? ECCLES: That is what our money system is. If there were no debts in our money system, there wouldn't be any money.