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Truth About All Central Bank Controlled Nations

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Truth About All Central Bank Controlled Nations
« on: Jan 01, 2019, 06:27:45 am »
 

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collective-evolution.com
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The Truth About All Central Bank Controlled Nations: Here’s How The Financial System Really Works
http://www.collective-evolution.com/2018/12/28/the-truth-about-all-central-bank-controlled-nations-heres-how-the-financial-system-really-works/





The website endthefed.org introduces us to the Federal Reserve as follows:

Quote
The Federal Reserve, “the Fed”, is the central bank of the United States of America that was created in 1913 by Congress. It is a banking cartel that has a government-granted monopoly on the creation of money and credit. The Fed literally loans “money” (Federal Reserve Notes) into existence. Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws. Federal Reserve Notes are referred to as dollars but are not. The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.


This characterization, it would seem, has been growing into the public awareness more and more since G. Edward Griffin’s ‘The Creature From Jekyll Island’ became widely known.

Since then, former congressman Ron Paul has talked about the need to abolish the Federal Reserve in public speeches and in his book ‘End the Fed.’ He characterizes the Federal Reserve as both corrupt and unconstitutional. So why hasn’t it happened? Spam_A Spam_B <strong>What To Replace It With?</strong>

An article in Forbes entitled “Assuming We ‘End The Fed,’ What’s The Next Step?” makes the case that there is no point ending the Fed—which author Nathan Lewis actually says he wants—if we have nothing viable to replace it with.

If you want to End the Fed, you need to create a vision of what would replace it. It needs to be a sound vision, not one with obvious problems, because nobody is going to risk it all to overturn the existing order for something that is clearly a pile of horse poop.

Lewis takes a look back in history, saying that before the Federal Reserve, there were also problems. He says that a U.S. Treasury monopoly of currency had the same kinds of problems as the Federal Reserve, and argues for a limited number of currency issuers as opposed to a monopoly.'



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Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018
« Reply #1 on: Jan 16, 2019, 05:44:09 am »
 

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At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How
http://wolfstreet.com/2019/01/10/fed-paid-banks-38-5-billion-in-interest-on-reserves-in-2018-slickest-annual-wealth-transfer-from-taxpayers-to-banks/





'Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.

The Fed reported its preliminary results this morning for the year 2018. The headline is that it sent $65.4 billion of its profits to the US Treasury Department in 2018, and that this amount had plunged by 18.5% from the remittances, as they’re called, in 2017, and by 44.1% from the peak of $117 billion in 2015.

The Fed earns interest income on the huge pile of securities it holds. After covering operating expenses, interest expenses, and some other items, it is required to remit the rest to the Treasury Department – to the taxpayer. Spam_A Spam_B Therefore, the amounts in interest expense the Fed pays the banks on their “Excess Reserves” and “Required Reserves” comes out of the taxpayer’s pocket and its transferred to the banks to become bank profits, and thereby bank executive bonuses and stock holder dividends, funded by the dear taxpayers. <strong>And this amount was huge in 2018: $38.5 billion!</strong>



Read More : At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How



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