By Walter Sorochan
Posted January 30, 2011
Disclaimer The information presented here is for informative and educational purposes only and is not intended as curative or prescriptive advice.
Purpose of article: An brief introduction to the money machine in the United States. For more information, go to: website about Fed reserve, etc.
There is confusion about the USA financial crisis and the world economy. The mass media and the federal government put their spin about the national debt, the borrowing, the bailouts, the housing bubbles, and so on. It is very difficult to understand just what is causing the problems. Then too, we are not getting the real honest information about why there are no jobs and why the middle class is disappearing! The lack of transparency about why we have an economic crisis is muddied further by lack of honesty about just how our banking system works. This web-site summarizes the truth by reviewing the "the devil in the details!"
The economic problems of United States are getting worse by the day! The federal debt is increasing, the government is borrowing monetary notes from the Federal Reserve and paying high interest on the borrowed loans, and then printing USA dollars; all contributing to a decrease in the purchasing power of both the USA currency and the cost of goods. Continued borrowing from the private corporation, the Federal Reserve Fund [ which is not part of the USA government ], is not sustainable; our government will eventually have to declare bankruptcy. To stop all these monetary problems we need to regain control of money by not borrowing money from the Federal Reserve Bank.
None of the current 2010-2011 proposals and attempts to fix the economy will work in the long run! Why not? Because these are diversions from the real cause of the problem. These approaches are unsuccessful attempts to fix symptoms of the bigger problem. Instead we need to fix the cause of the problem. Identify the cause and fix or get rid of the cause!
The cause: The problem is The Federal Reserve Bank lending money as loans in the form of federal reserve notes, charging substantial interest on the borrowed notes, and then allowing the borrower [ USA ] to print treasury fiat money at the borrower's own expense. The Federal Reserve claims that it provides a service to regulate all banks; a service that the federal government outsources and that the Federal Reserve can justly police the banking system. The USA government is held a hostage in this money scheme. For example, politician votes of support are bought with campaign financing to support the Federal Reserve Bank corporation.
The Federal Reserve Bank is made to appear like it is part of the federal government. The use of the term "Federal" implies that it is a government program which it is not! This lack of transparency causes most citizens and even politicians to assume that the Federal Reserve Fund is a USA government program [ which it is not ]. This causes confusion among everyone about banking, source of federal borrowing and the economy.
So .... who/what is the Federal Reserve Bank?
The Federal Reserve Bank is a private cartel corporation that functions independently of the USA government. It allows the USA treasury to borrow money in the form of a Federal note that, in turn, allows the USA treasury to print USA Treasury note currency. [ Click here for more info ]. When the USA borrows a note, it pays a high interest on the note. Each note borrowed means more interest piled on top of a previous note. This results in horrendous loans that are difficult if not impossible to pay off.
Assassinated U.S. Presidents Abraham Lincoln, James Garfield, and John F. Kennedy were each trying to regain Constitutional control of U.S. monetary policy.
Get rid of the Federal Reserve bank. Let the USA treasury create its own money so it does not need to borrow from a private entity!
By the way, did you know that the USA treasury has the right to print its own money and bypass the corporate Federal Reserve funding?
On June 4, 1963, President John F. Kennedy signed a decree into law that gives the USA the legal right to print its own currency and control its monetary funding; thereby bypassing the Fed Res.
Why doesn't the USA exercise this right? Answer: Good question! This is worth exploring! It may have something to do with the Federal Reserve being a cartel. A cartel usually has a contract with a state or government that makes both the government and the Federal Reserve partners. This partnership further defines the responsibilities and functions of each contracted partner. The devil is in the details!
Below is a video explaining how money is created in United States:
For more information about the Federal Reserve, go to: website about Fed reserve, etc.
Ask your Representatives to co-sponsor and/or support H.R.1207, Federal Reserve Transparency Act of 2009
Ask your Senators to co-sponsor and/or support S.604, Federal Reserve Sunshine Act of 2009