The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron . None of those five positions has yet been confirmed. Forty percent of our personal federal income taxes goes to pay this interest. Setting low-interest ratesis called"expansionary monetary policy." To be a member of the Federal Reserve system, commercial banks must ownshares of stockin the 12 regional Federal Reserve banks. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Last Update: Currently, half the states have at least a grass roots movement in action to abolish the FED, but there's no press coverage. Term ends: 2030 For instance, in 1921 the stockholders of the Federal Reserve financed an organization called the "Council on Foreign Relations" (CFR). Additional funding is provided by the Abrams Foundation; the John D. and Catherine T. MacArthur Foundation; Park Foundation; the Heising-Simons Foundation; and the FRONTLINE Journalism Fund with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and additional support from Koo and Patricia Yuen. The Federal Reserve has been a ball on a chain on the American public President Donald Trump has made moves to gain full control of the Rothschild owned Federal Reserve in order to remove the crippling regulations holding the country back for so many years.. Some have said that Jefferson did not favor a strong central bank. Nearly every major newscaster belongs to the Council on Foreign Relations. "Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST). This position makes it the most powerful actorin the global economy. The Fed works by using its monetary policy tools. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Interest rates on the benchmark 10-year Treasury note rose from a 200-year low of 1.43% in July 2012 to around 2.17% by the end of 2014 as a result. Many publications show that these bankers financed World War I, World War II, and the Russian Revolutionary War, which helped Napoleon, Lenin, and Hitler come to power. He was the only chair reappointed by four different presidents: Ronald Reagan, George H.W. U.S. history proves that issuing debt and interest-free currency allows our economy to prosper, as long as Congress controls the amount of money created. Ukraine is the International Deep State Cabal money launderer and that's why in sheer desperation, the bloodline controllers are so willing to push humanity off the nuclear Armageddon cliff in order to protect themselves and their criminal interests from full public exposure and . Again, the media is pushing to eliminate guns. "We the People" have pushed the following states to pass or introduce legislation calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. 4 min read. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The media makes us think the U.N. has all the answers, and to "think globally." Is the Federal Reserve accountable to anyone? (it owns 1/3 of . These banks are also members of the Federal Reserve banking system. How does theFed cut interest rates? Who Owns Stocks? The Republican-controlled Senate rejected Diamond in 2010, citing his background in labor economics instead of monetary policy. Its banks receive fees for services provided to commercial banks. "Financial Accounting Manual for Federal Reserve Banks: Appendix B. (Reference 1, P. 206) Dr. Hans F. Sennholz, Chairman of the Department of Economics at Grove City (PA) College stated: "The Federal Reserve System facilitates the government's own inflationary financing in "periods of emergency." Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. H.8, Assets and Liabilities of U.S. They redeem their Treasury notes for funds as needed. History shows that before any government took over, they disarmed the citizens. If the economy grows too fast, it triggers inflation. Their expertise is in public policy, finance, and central banking. And if all goes accordingly, President Trump will have control of six or even seven seats on the Federal Reserve Board by the summer of 2018. Figures are as of April 2021 and do not include the International Monetary Fund (IMF) as a country, or else it would hold the number three spot with 2,814 tonnes. The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. The greater part of our monetary stock has been shipped to foreigners. Binder said Congress could pass laws effectively directing the Fed into action setting a target employment rate, for example but these would have to be signed by the U.S. president. 3 Congress must approve the president's appointment. Use this as a precedent the next time any bank tries to foreclose on your house. Overview. Chart 1 presents the Federal Reserve's monthly gross purchases of agency MBS over the past decade and the MBS current coupon spread, or the yield consistent with a par value security, less the average of the five-year . As Congress negotiates over the federal debt ceiling, cries such as "the country is going bankrupt" to "China owns us" have become the norm. Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. (For additional information on a cashless society, read Reference 13, P. 174; Reference 3; Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216). It now owns more than $8 trillion in assets, $6 trillion more than the peak in the Great Recession. Update:Quarles submitted his resignation to the board on Nov. 8, 2021. This violates the law, yet Congress does not act because these bankers are large political contributors (Reference 17, P. 96-98; Reference 1, P. 162-163; Reference 22, P. 114-170 & P. 136). The Federal Reserve is neither federal nor a reserveit is a private bank issuing the public currency outside of law. US National Debt Clock: How Its Warning Affects You. The Fed announced on September 16 that it . (Quoted in Reference 4) Thomas Jefferson stated, "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." This means you lose your rights under the Constitution and Bill of Rights. "The Federal Reserve System is in the wrong hands. The Social Security Trust Fund owns a significant portion of U.S. national debt, but how does that work and what does it mean? $6.00 ($8.00 for 2) from ACLA, P.O. In 1835, Andrew Jackson paid off all of the national interest-bearing debt. TheU.S. national debt reached the debt ceiling of $31.41 trillion in January 2023. Congress can alter the statutes governing the Fed. Public debt is held by the public: individual investors, institutions, foreign governments. The longest-tenured governor was economist Menc S. Szymczak, who served from 1933 to 1961 and was reappointed twice. The president and Congress must approve all members of theFederal ReserveBoard of Governors, but the board members' terms deliberately don't coincide with those of elected officials. Took office: 2014, appointed by President Obama The difference between the bond and the bill is that the bond lets money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly in some useful way. The Fed must getTreasury Departmentapproval before makingemergency loans, as it did withBear StearnsandAIG. Japan owned $1.08 trillion in U.S. Treasurys in November 2022, making it the largest foreign holder of the national debt. Mike Gill Turned Down $50 Million in Hush Money to Expose Criminal Cartel that Owns the World. Jerome Powell, Janet Yellen, Ben Bernanke, Alan Greenspan: The chair of the Federal Reserve Board of Governors is the default face of the Fed the one name the public typically knows. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. Term ends: 2026 (Reference 4) The late Thomas A Edison explained the matter of issuing currency this way: "If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). Public Debt. . Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. For example, theDodd-Frank Wall Street Reform and Consumer ProtectionActlimited the Fed's powers. The Federal Reserve, commonly referred to as the Fed, is the country's central bank and is in charge of controlling the country's money supply, establishing monetary policy, and supervising the banking sector. Term ends: 2034 Below are the top 10 countries with the largest gold holdings, with the rankings remaining unchanged from 2019. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. When the 1816 charter expired in 1836, Andrew Jackson vetoed its renewal. Took office: 2018, appointed by President Trump This is why our forefathers wrote in the Constitution that only Congress can issue money - not private banks (Reference 18). By the definition of treason, they have committed treason! They store currency, process checks, and make loans to the private banks within their area that they regulate. Netherlands. The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Other holders of the public debt include insurance companies, U.S. savings bonds, private pension funds, and other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors. What is the purpose of the Federal Reserve System? In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). Treasury Bulletin, December 2022." * England nearly destroyed the Colonies by creating fake Colonial money and hyper-inflation. The Treasury owes this part of the debt to other federal agencies. Congressional Research Service. The Federal Reserve is the central bank of the U.S., and it's tasked with promoting the effective operation of the U.S. economy. "The Chicago casino is the only remaining growth project spanning into 2026," JMP Securities gaming analyst Jordan Bender wrote in a research note last . The new Congressperson will obviously support the FED. As such, they must maintainreserve requirements. To pay for this deficit, the federal government borrows money by selling marketable securities such as . Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. ", Federal Reserve History. Federal Reserve Bank of St. Louis (Holly A. Rieser, Manager) P.O. Under the Federal Reserve Bank Act, the bankers control our economy. Despite Trump's past Twitter attacks on Fed Chairman Powell, the two finally appear to be dancing to the . After this report, the Chase Manhattan Bank obtained 6.7% of ABC, and today the percentage could be much greater. Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people." USAFacts crunched the numbers from the Federal Reserve's Survey of Consumer Finances conducted in 2019 and they show that stocks are favored by the white and wealthy. The FED controls interest rates and the amount of money in the economy. When the economy grows too rapidly, the Fed hikes interest rates to prevent inflation. .By controlling Congress, the FED has been able to control the nominating conventions of both political parties. * England lost the Revolutionary War. (Reference 1, P. 250, 251) Source: Banking Act of 1935, Hearings before a Subcommittee of the Banking and Currency Committee, U.S. Senate, 74th Congress, 1st Session, on S.1715, May 1935, pp 871-2. Later, Wilson remorsefully replied (referring to the FED), "I have unwittingly ruined my country" (Reference 17, P. 31). No man and no body of men is more entrenched in power than the arrogant credit monopoly which operates the Federal Reserve Board and the Federal Reserve banks. Economists and lawmakers frequently debate how much national debt is appropriate. Note: The people who enacted the FED started the IRS, within months of the FED's inception. The Council on Foreign Relations controls many major newspapers and magazines. He is a professor of economics and has raised more than $4.5 billion in investment capital. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. The only other Obama appointee is Lael Brainard, who joined the board in June 2014. The FED buys U.S. debt with money they printed from nothing, then charges the U.S. taxpayers interest. By . The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world's largest insurance company. ", TreasuryDirect. 4. These agencies then invest in U.S. Treasurys rather than stick this cash under a giant mattress. . . Since 1939, the United States has had a "debt ceiling," which limits the total amount of debt that the federal government can accumulate.The Treasury can continue to borrow money to fund government operations, but the total debt cannot exceed the prescribed limit. The most powerful monopoly in the United States today is the Federal Reserve. Coordinate workflow and material movement to meet program and customer delivery requirements. ", Treasury Department. Current and future retirees would be hurt the most if the U.S. ever defaulted on its debt. . (By contrast, the 12 Federal Reserve regional bank presidents are chosen by search committee.) These bankers planned three world wars so people would welcome United Nations intervention to govern the world in peace, not war. "The Fed Explained: What the Central Bank Does," Page 22. 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