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The Federal Reserve Plan: Steal the Value of Your Money and Give It to Banks


Business  (tags: finance, money, Federal Reserve )

Michael
- 336 days ago - naturalnews.com
When banks borrow money from the Federal Reserve, the Fed is not lending them money it has saved. The Fed is creating entirely new money that did not exist before. The banks then loan this money to individuals and businesses at a high interest rate
Comments

Road LessTraveled (3163)
Thursday December 25, 2008, 4:07 pm
Every dollar we borrow from this private corporation sinks our country deeper into debt, and enslaves future generations.

The portion of our total budget that has to repay this debt is growing and will eventually TAKE OVER EVERYTHING. It is now over 50% of our total budget, of all taxes collected..

When will we face reality? This is fake money, fake interest, and no one is ever going to repay all of this money.. It is only enslaving us and future generations to a private for profit corporation.

It is time to dissolve it and give this power back to the people. Bring back the gold standard, which was eliminated by Republicans...

What is the gold doing in Fort Knox? Is it still there?
 

Ralph Sutton (45)
Thursday December 25, 2008, 6:15 pm
With every dollar the Federal Reserve Bank manufactures the value of a dollar is reduced by 50%. In the last 8 years they have created so much new money that the dollar is worth virtually nothing. I guess we could look at it this way; half of nothing is still nothing.

I agree, Eric, dissolve the FED and start pulling money out of circulation with higher interest rates. It will hurt to begin with, but in the end the dollar will actually be worth something.

Good one Michael. Noted.
 

Ray W. (11)
Friday December 26, 2008, 12:39 pm
Another problem is the difference in accounting methods displayed to the public and the real accounting which is contained in what's called Comprehensive Annual Financial Reports (CAFR) which are not only not made available to the public, their very existence is never mentioned by the news media.
They have literally siphoned off trillions of money that they can use to their pleasures.
Every time an elected official stands before you and tells you the government is out of money and they have to raise taxes, he or she is lying through their teeth
 

Janet Solomon (249)
Friday December 26, 2008, 12:46 pm
It will ALWAYS be worthless unless it is backed by something people NEED/DeSIRE---Gold, land, energy, food---heck! you never know! maybe even PAPER!!!!!!
But the Federal Reserve DEFINITELY has to go...there are more needed things in this world to put your faith in than the value of 'specially printed' paper, and coinage. xo
 

Don Cordell (7)
Saturday December 27, 2008, 10:00 pm
1964 Silver in our coins at 92cents/oz. NO Silver in our coins, now Silver is $15/oz that's 1660% inflation. Do the math. Inflation is 7% every year, and banks give you 3 to 5% interest. Who runs the country? The banking system set up when they established the Federal Reserve system in 1915. Wilson remarked that he felt like a traitor after he allowed this banking system to take over all the nations banks. When will we have Patriots in this nation to get together and restore our nation to the greatness we use to have for citizens. Housing loan foreclosures when loans jumped from 6% up to as high as 14%, and shock, housing melt down. Who planned this? Who is shutting down America? And our Senate gave them up to $850 Billion, didn't even ask them to cut their pay. Hey the real problem in America is the pay Auto workers get. Don't even think about the $14,000/month that we pay Congresspersons and members of the Senate. Will America survive? Not as long as you leave the stooge Obama in office, he was selected quickly as someone controllable, so proceed with turning our nation into the North American Union, then on to the New World Order, under the United Nations, and the Trilateral Commission. It was a good ride while it lasted. If Obama is thrown out of office for not restoring our nation, we have no future, you need a President that is in office for the people, not the North American Union. When you are ready to restore America there is a candidate waiting to serve you, and bring our nation back to the greatness we use to have, when there was opportunity to support our families and jobs were plentiful. We have been downsized for a reason, to end our soveignty, to turn our nation into a satellite of the New World Order.
Our constitution said the only legal money was Silver and Gold. Federal Reserve notes are not legal, they may be printed by the Government, but not backed by anything of value except trust in your government. Do you trust your government anymore? I don't. PresidentDon can restore this nation when you are ready.
 

Past Member (0)
Sunday December 28, 2008, 6:49 pm
Thanks Michael, noted...

We Are Change Central Indiana End The Fed Protest in Downtown Indy
 

Estella Ameigh (22)
Monday December 29, 2008, 10:55 am
Funny Money isn't funny.
 
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