🚀 go-pugleaf

>Cliff Woods (Cliff@arcmusic.demon.co.uk) wrote in alt.2600:
>>In article <3ha3v3$fs7@nova.voicenet.com>
>>           mdevery@omni.voicenet.com "Michael Devery" writes:
> 
>>> resch@cpcug.org (Greg Resch) wrote:
>>>  
>>> >       When the nation wanted independent, effective protection for
>>> >       the nation's wealth, it established the Federal Reserve Bank.
>>>  
>>> Who established the Federal Reserve Bank? The Nation?
>>>  
>>Give us a break!  I thought the Feb res Bank was a PRIVATE bank - what's  
>>this "the nation" stuff????
> 
>It's a sad fact that more non-US citizens know that the Fed is a private
>(and monopolistic) bank than US citizens.  At least Federal Express was
>honest enough to refer to themselves as "not a part of the US government".
 
> 
It's also interesting how the Fed helps create our "national debt."  [BTW,
if you are in doubt about the Fed being a private bank, just give one of
their branches and ask them if they are an agency of the Fed. Gov., and
they'll tell you no].  The Bureau of Engraving and Printing prints up the
FRN bills and sells them to the Fed. at cost.  Then, the U.S. Treasury
trades Treasury bonds and T Bills for the FRNs.  Thus, the Fed gives the
treasury its "funny money" that the government itself prints in exchange
for LOANS backed by the credit of the U.S. government!  This is our
national debt.  If you are an employer, you know that the money you deduct
from wages is deposited DIRECTLY to a commercial bank that is part of the
Federal Reserve system, and the IRS gets the form in the mail showing it was
paid in.  The cancelled check on the back is stamped "payable to any Fed.
Res. bank" -- NOT payable to the treasury of the United States.  The Fed.
reserve keeps this money as payment on the national debt.  I have read
several books on this, and I realize this is an oversimplification, but that
is it in a nutshell.  And, as a parting thought, the Rothschilds in Europe,
as well as other foreigners, are the biggest stockholders....... and you
can't buy this stock on Wall Street!  This is the biggest scam in history.

John