Unbelievable but True

A private bank controlling the countrys monetary syestem in todays world is

unimaginable in the most undeveloped country even under a dictatorial regime is
impossible but then as someboday said SOMETIMES fact is stranger then fiction
lets read on the financial and economic version of ‘ unbelievable but true ”.hold
your hearts tighter ,you will understand this when you are finished readin the
article .

THE FEDERAL RESERVE IS NO MORE FEDERAL THAN THE FEDERAL

EXPRESSS(FedEX-THE GLOBAL LOGISTICS GIANT )BUT IT HAS THE POWER
TO DETERMINE THE DIRECTION OF MONEY AND OUR ECONOMY – DENNIS
KUCINICH(SENATOR USA)

The federal reserve bank prints the money and loans to the american
government ,Banks as a loan .This money is circulated in the economy by
the government and it pays early interest to the bank on the total amount of
dollars in circulation The more the money in circulation the more interest it
the Fedeaal reserve earns .Since its inception in 1913 by the federal reserve
act the bank has been authorised to loan printed money to the government
and mange the monetary system ,Since then the american government has
been paying interst to the federal reserve bank and allowed the bank to
control the fiscal & monetary system .The coments on this state of afairs by
some american representatives are the following Robert H. Hemphill (Credit
Manager, Federal Reserve Bank in Atlanta): "We are completely dependent on
the commercial banks. Someone has to borrow every dollar we have in
circulation, cash, or credit. If the banks create ample synthetic money we are
prosperous; if not, we starve. We are absolutely without a permanent money
system. When one gets a complete grasp of the picture, the tragic absurdity of
our hopeless position is almost incredible, but there it is. It [the banking
problem] is the most important subject intelligent persons can investigate and
reflect upon. It is so important that our present civilization may collapse unless
it becomes widely understood and the defects are remedied very soon.

Mode of operation
In the Gold standard the the designated authority (by the Government )gives
receipts over the gold A 100% reserve gold standard, or a full gold standard, exists
when a monetary authority holds sufficient gold to convert all of the representative
money it has issued into gold at the promised exchange rate ,the citizens can be sure
that the receipts 9the money they are using ) is redeemable when they want The fed
follows the fractional reserve banking –It follows a methodology of giving receipt
over gold where it can give more receipts in multiples than the gold it has .The
disadvantage of it is it really cannot payback when the people ask for the payback
and then they would be just extra pieces of paper and if the Government issues the
recipts (money )the people could be assured to an extent .A private bank which
cannot be asked by any government authority about any details of its operations
,which cannot be audited and not even by the congress as it doesnot have any
authority over the bank ,the bank which isnt even mentioned in the constitution or
lets say unconstitutional being the right word , handling this function …well I
cannot think of what to say.Probably I am dreaming about this regarding the most
developed country in the world , the facts state it otherwise ..Probably … the
americans are in a dream like state .

A private financial institutions that is responsible for all the money in the country
and with powers to liquidate the economy with money and absorb any sum of
money from the market to any extent controlling the economy is a huge authoruty ,
is run by a private institution . It possbly could change interest rates anyway which
are advantageous to the banks run by them and the aligned banks anyway it finds
appropriate ,and make profits .

THE MANAGEMENT STRUCUTRE

Each of the twelve Federal Reserve Banks is organized into a corporation

whose shares are sold to the commercial banks and thrifts operating within
the Bank's district. Share holders elect six of the nine the board of directors
for their regional Federal Reserve Bank as well as its President.
The ownership is undisclosed entity ,it is made clear that it is owned by private
banks and The Federal Reserve bank has no government appointed directors as the
regional heads for 12 of its branches .The federal reserve bank has has no
accountability of whatsover form to the congress ,any authority in the government
and even the american government itself .Some of the statements in this regards
from american public representative,Congressman Ron Paul .

NOBODY KNOWS WHO ELECTS HE GOVERNORS OF THE FEDERAL RESERVE

BANK -- (RON PAUL CONGRESSMAN )

THE CONGRESS KNOWS NOTHING ABOUT THE PLANS ,ACTIONS TAKEN NY

THE FED OTHER COMMERCIAL BANKS ,BANKS AND WE HAVE NO ACESS
TO STATISTICS –RONPAUL (CONHGRESSMAN )

WHO OWNS THE FEDERAL RESERVE ,IT’S A SECRET WE CANNOT FINDOUT

WHATS HAPPENING .THE CONGRESS CREATED ,UNAUTHORIZED IN
CONSTITUTION—RON PAUL (CONGRESS MAN )

Today, if the government runs a deficit, the FED prints dollars through the U.S.
Treasury, buys the debt, and the dollars are circulated into the economy. In
1992, taxpayers paid the FED banking system $286 billion in interest on debt
the FED purchased by printing money virtually cost free. Forty percent of
Americas personal federal income taxes goes to pay this interest. The FED's
books are not open to the public. Congress has yet to audit it since the day of
inception .no complete details of the banks operations even for a single year are
published nor comprehensive reports of any 3 consecutive years of its partial
functions have been given out .Information has released in bits and pieces very
rarely ,which could mean anything depending on ones imagination .

The customers ,citizens of the country the general and hardworking public,huge
swathe of the people are at its mercy .

what are the risks to its internal economy ??

Huge accumulating interest on the government are in trillions ,for the debt trap
which is unending and the credit taking which doesn’t stop because one really
doesn’t have anything to pay it back other than money .As long as money is in
circulation interst is to be paid .

The policies ,intiatives ,Regulations are at the risk of being totally pro financiers
Which probably explains the regualr bubble bursts in the american economy and
high amount of accumulated assets unpaid for ,left withbanks in the america.

Danger of currency The competing banks being at the mercy as the shareholding
banks might ,can easily put inregulations favourable only to them and put the
competeing banks at a disadvantage which is an unequal playing field which goes
against the american constitution for equal oppurtunity which america is so proud
of.

Taxpayers money being used to repay unnecessary lending .interests .

Increasxsing money supply is an alternative to higher taxes .wheras a higher

amount of money incirculation increases the thae banks power even more .

The kind of effects on the short term and the long term effects on the economy are
to be listed in abig compilation as a book

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." It makes
easy the inflationary financing of budget deficits and the inflationary refunding
of government loans. It stabilizes the government bond market through
inflationary methods and manipulates this market to the advantage of the
government. It does all this by wrecking the purchasing power of the dollar; by
subtly stealing from the people of this country what it thus provides for the
government, through a process exactly on par with the coin clipping of ancient
kings but much less visible."

California 9th Circuit Court declared FED banks are private, not government

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. "The Federal Reserve System is in the wrong hands. No
Constitutional republic can function when the government's money powers are
in the hands of the financial oligarchy such as New York financiers

Well since its inception in1913 there has never been an audit on the federal reserve
bank and there is no regulation to have anything as an audit of the federalreserve
bank .No congressionall committee has the power to supervise or check on the
affairs of the bank .a private bank with such powers is a perfect recipe for a
doomsday financial situation

My point is what are the the governments of the world thinking indealing with
currencys of of a privatebank which cannot even payback its worth and using it in
international trade for .

. What could be the reason for the citizens of america ,representatives to not know
the fact of the ownership of this fact,to not be informed ,a when a good number of
american congressmen are continuously demanding from time to time the change of
this operational methodology , why doesn’t the american government change this
loss making structure which is very clear to any person with common sense and
keeping this information under wraps .

In a letter to Thomas Jefferson, John Adams wrote: "All the perplexities,

confusions, and distresses in America arise, not from defects in the Constitution
or confederation, not from want of honor or virtue, as much as from downright
ignorance of the nature of coin, credit, and circulation".

A . Human