1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds. "Is the Federal Reserve Accountable to Anyone?". The president appoints theFederal Reserve chair, currently Jerome Powell. Mike Gill Turned Down $50 Million in Hush Money to Expose Criminal Cartel that Owns the World. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. Congress and the IRS do not have access to the financial records of the FED. Both purchases became known as"quantitative easing.". Upon Kennedy's assassination, this currency was withdrawn from circulation, never to be issued again. Notice of a Meeting under Expedited Procedures. Both are promises to pay: But one promise fattens the usurers (interest collectors) and the other helps the people." (Reference 4) The late Thomas A Edison explained the matter of issuing currency this way: "If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). This is only one of 300 wealthy shareholders of the FED. This central banking "system" has three important features: (1) a central governing boardthe Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics. Dividends. Took office: 2018, appointed by President Trump For instance, in 1921 the stockholders of the Federal Reserve financed an organization called the "Council on Foreign Relations" (CFR). It had the same effect as printing money. 1. Furthermore, they plan to create a one world government through the United Nations headed by the FED, Trilaterals, and the Council on Foreign Relations (Reference 3). Board members have included economists, lawyers, scholars, private equity managers, and longtime public servants in the Fed or the Treasury. By abolishing the FED, we would not pay interest on Federal Reserve Notes. Congress can send signals, threatening to pass legislation or making it known that Congress is unhappy about a particular decision. It gave businesses continued access to low-cost borrowing for operations and expansion. Read more: 5 Things You May Not Know About Jerome Powell, Chair of the U.S. Federal Reserve. Ninety percent of the people in the State Department and key positions in the Executive Branch are members of the CFR. In addition to the seven-member Board of Governors, the FOMC has five other voting seats, filled by presidents of the Federal Reserve Banks. The Fed must getTreasury Departmentapproval before makingemergency loans, as it did withBear StearnsandAIG. On Dec. 23, 1913, President Woodrow Wilson signed the Federal Reserve . Under the Federal Reserve Act of 1913 and amendments over the years, the Federal Reserve System: Conducts America's monetary policy. Current Federal Reserve Interest Rates and Why They Change. It slows economic growth by making loans and other forms of credit more expensive. 16 Who owns the biggest . (Reference 1, P. 206) 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." Over the two-month period of March and April, the US government increased its debt by $1.56 trillion (most of it in April); and over the same two-month period, the Fed bought $1.56 trillion in Treasury securities (most of it in March) and thereby monetized 100% of the additional pile of debt during the two-month period. Every year Congress introduces legislation to audit the FED, and every year it is defeated. This new currency was to be distributed through the U.S. Treasury and not the Federal Reserve System. Box 986, Ft. Collins, CO 80522 (Newsletter; $3 each) (12) "Savings and Loan Unethical Bailout" by Rev. Michelle Bowman, governor, age 50 S.E., Washington, D.C. 20003 (Newspaper) (17) "Repeal the Federal Reserve Banks" by Rev. Bad economies usually hurt both workers and investors. * England lost the Revolutionary War. The FED announced publicly that their first objective was to get nationalism out of the American people's heads because patriotism to a country would not be of value in the future. A. (Reference 14, P. 17, 18, 32, 33). Equally as important, the Fed does not receive its funding from Congress. "Major Foreign Holders of Treasury Securities. (Reference 1, P. 200-214) Adams, Jefferson, and Lincoln believed that banker capitalism was more dangerous to our liberties than standing armies. Below are the top 10 countries with the largest gold holdings, with the rankings remaining unchanged from 2019. There are two institutions we've recently coveredthe Bank of International Settlement in . After a good couple of weeks, 2023 American Silver Eagles are once again being allocated (rationed) by the US Mint. (Reference 5, P. 32) . Why should American Farmers and wage earners add millions of foreigners to the number of their dependents? By the way, the profit of the FED is not taxed either (Reference 1, 9). Which agencies own the most Treasury notes, bills, and bonds? But since that Act, the same meal now costs you over $20. If all governors finished out their terms, the current board would contain members nominated by President George W. Bush. Explaining the Rise in Inequality During the Pandemic. (The data is updated . Today you fear the IRS. $12.00 (6) "Insider Report", P.O. It also prints money (through the U.S. Treasury) and uses this printed money to buy loans from other banks. Someone has to borrow every dollar we have in circulation, cash, or credit. At the time, $4,292,893 of this currency was put into circulation. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. State Department document 7277 calls for the disarming of America, thus turning our sovereignty over to a one-world government. New Mexico ranked ninth in the nation in federal land ownership. He is the only president to have ever done so. The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). The balance sheet had shrunk to $8.85 trillion by August 2022. The big reveal for year-end 2018: Citibank, the No. It's also in Treasury Inflation-Protected Securities and special state and local government series securities. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world's largest insurance company. Unless he chooses to leave early, Powells term as chair will end in 2022. That restricts themoney supply. If a Congressperson tries to abolish the FED, the banks fund the Congressperson's opponent in the next election (Reference 17, P. 35). No Taper Tantrum & Other Recent Federal Reserve News, Explained, From the Archives: How the World's Deadliest Ebola Outbreak Unfolded, Russias Invasion of Ukraine, One Year Later, War Crimes Watch Ukraine: More Than 650 Documented Events, From the Archives: How the U.N. & World Failed Darfur Amid "the 21st Century's First Genocide". These factors determine either economic prosperity or the lack thereof. For example, the Dodd-Frank Wall Street Reform and Consumer Protection Act limited the Fed's powers. . If you were to add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for retirement. "Daily Treasury Yield Curve Rates. How to Replace It or How to Reform It" by Metz - for references 23 & 24 write to Howard Metz, P.O. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. . system. Box 341, Malverne, LI 11565 (25) "The New World Order" by Pat Robertson. Scott Olson/Getty Images They are accustomed to an environment where ideas are rationally discussed, debated, and evaluated. . The FED controls interest rates and the amount of money in the economy. About the Federal Reserve banks, Rep. McFadden said, "They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; the rich and predatory money lenders. (Reference 22 gives specific details on World War I and World War II, showing exactly how the bankers were responsible for the beginning and continuation of these wars for their profit). This story has been updated to clarify how Federal Reserve regional bank presidents are chosen. Learn more about the Econ Lowdown Teacher Portal and watch a tutorial on how to use our online learning resources. ", Board of Governors of the Federal Reserve System. Box . How Does the Fed Influence Interest Rates? Feb. 22, 2022, update: There are currently four members of the U.S. Federal Reserve Board of Governors: Jerome Powell, Lael Brainard, Michelle Bowman and Christopher J. Waller. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. However, Bally's Chicago development is the primary focus in the eyes of the investment community, given the cost of the project and competition from new and expanded casinos in Illinois. This helps to keep their exports to the U.S. affordable, which helps their economies grow. First . I replied, "No, the Fed chooses the President.". None of those five positions has yet been confirmed. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17). Congressman Patman re-quoted Thomas Jefferson showing that our founding fathers knew this banking principle very well. 228. This . A critic once wrote me, "But the President chooses the Board of the Fed.". . This Executive Order called for the issuance of new currency - the United States Note. The Treasury owes this part of the debt to other federal agencies. Read more: What Do the Federal Reserves New Ethics Rules and Other Changes Mean? Board of Governors of the Federal Reserve System via Federal Reserve Economic Data (FRED). They redeem their Treasury notes for funds as needed. (Reference 1, P. 247) Napoleon, a sympathizer for the international bankers, turned against them in the last years of his rule. More wars create more debt which means more profit to the bankers (Reference 1, 21). The Federal Reserve System is not "owned" by anyone. The Fed can also use its other tools, such as lowering thediscount ratethat banks use to borrow funds directly from the Fed'sdiscount window. The Federal Reserve is the central bank of the U.S., and it's tasked with promoting the effective operation of the U.S. economy. "Monetary Policy and the Federal Reserve: Current Policy and Conditions. Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Forty percent of our personal federal income taxes goes to pay this interest. The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. Biden also announced three new nominees to the Fed board Sarah Bloom Raskin, for vice chair of supervision, and Lisa Cook and Philip Jefferson as governors following the resignations of Randal Quarles in November and Richard Clarida in January. United States Army Reserve Command (USARC) G-6 owns and operates Army Reserve Network (ARNet) and Secure Army Reserve Network . . Why should we promise to pay the debts of foreigners to foreigners? ", Federal Reserve. Open seat These banks also are partly foreign owned and control the New York FED District Bank. The CFR wants to convert the U.S. from a sovereign, constitutional republic into a servile member state of a one world dictatorship. Lincoln proved it. The national debt held by the public is not only in Treasury bills, notes, and bonds. Since therecession, it also pledged to reduce unemployment and spur economic growth. U.S. Debt to China: How Much Is It, and Why? He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). Last modified 01/31/23. A separate Census product, the triennial Rental Housing Finance Survey (RHFS), provided data on ownership and management of rental properties, as well as overall numbers and size ranges. This money has created our inflation. Proof that the 16th Amendment (income tax) was never properly ratified. "Treasuring the Fed's Independence. "The Fed Explained: What the Central Bank Does," Page 42. Nearly every major newscaster belongs to the Council on Foreign Relations. "Quantitative Easing Kept the Foreclosure Crisis From Being Even Worse. Is the Federal Reserve Accountable to Anyone? The Federal Reserve has been a ball on a chain on the American public, creating debt and stringent regulation on the nation. In 1974, Congress issued a report stating that the Chase Manhattan Bank's stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of NBC). Who Owns the Federal Reserve - It's not the government! They also say we must reach a zero state population growth. Social Security, by a long shot. Dividends. The Citizens do not charge the bank any interest for use of the $500 billion in printed currency. Learn more about actually owns the U.S. national debt and how that impacts you. How Does the Fed Funds Rate Work, and What Is Its Impact? * From the beginning of the United States to present there have been two ways to issue new currency: The first way is to have the government print the money, debt and interest- free, and circulate it through the economy for use as a medium of exchange. The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. Box 84903, Phoenix, AZ 85071 (7) "Phoenix Journal Express", P.O. By the definition of treason, they have committed treason! (it owns 1/3 of . What Do the Federal Reserves New Ethics Rules and Other Changes Mean? [1] Fourth Quarter 2022 Highlights Attendance was 4.9 million guests, a decrease of approximately 16,000 guests from the fourth quarter of 2021. What You Need To Know About the Federal Open Market Committee Meeting. State and local governments held $1.55 trillion and mutual funds had $2.84 trillion. The Securities Exchange Commission (SEC) by law, stops insiders from profiting by privileged information. The second-largest holder is China, which owned $870 billion of U.S. debt. This is the news archive of Facts are Facts.You can find our recent articles in the section Latest. (Reference 1, P. 46, 47; Reference 4) Shortly after Lincoln's death, the government revoked the Greenback law which ended Lincoln's debt-free, interest-free money. BEIJING, Feb. 28, 2023 /PRNewswire/ -- The United Nations-supported Principles for Responsible Investment (UNPRI) has recently admitted CCV, an Asian . Increasing interest rates is called"contractionary monetary policy." Canadian Cannabis Market > Trump Takes Control of the Federal Reserve. (Reference 1, P. 247) Congressman Charles A. Lindbergh of Minnesota said: "This [Federal Reserve] Act establishes the most gigantic trust on Earth. Chart 1 presents the Federal Reserve's monthly gross purchases of agency MBS over the past decade and the MBS current coupon spread, or the yield consistent with a par value security, less the average of the five-year . And why it wasnt stopped sooner. The banks are capable of controlling business by controlling who can or cannot obtain a loan. These pay out dividends, mandated by law to be 6%. September 30, 2021 14 years, 72 days - Kenneth Montgomery Acting: September 30, 2021 July 1, 2022 274 days 14 Susan Collins: July 1, 2022 present A program of the Bureau of the . "Jerome H. Powell, Chair. In addition, though the Congress sets the goals for monetary policy, decisions of the Boardand the Fed's monetary policy-setting body, the Federal Open Market Committeeabout how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government. . The Social Security Trust Fund owns a significant portion of U.S. national debt, but how does that work and what does it mean? In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. A must read book - $2.50 (20) "The Law That Never Was" Volume I, Bill Benson & M.J. Red Beckman, P.O. . (Reference 17, P. 82, 83 for court records) The FED violates Security & Exchange Commission (SEC) rules. Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation. Took office: 2020, appointed by President Trump Creating and monitoring rules for banks and . What Is the Public Debt, and When Is It Too High? (Reference 17, P. 96-98) California 9th Circuit Court declared FED banks are private, not government. Trump Now Owns the Fed. Took office: 2014, appointed by President Obama Foreign and international investors held over $7.4 trillion, according to its December 2022 bulletin, which included data through June 2022. As of June 8, 2022, the Federal Reserve has a portfolio totaling $8.97 trillion in assets, an increase of $4. Congress can alter the statutes governing the Fed. As stated in The Federal Reserve System Purposes & Functions: It only requires 5% ownership to significantly influence the media (Reference 14, P. 56-57). Second, the Fed submits to Congress a detailed Monetary Policy Report twice per year. The greater part of our monetary stock has been shipped to foreigners. Congress must approve the president's appointment. The CFR is in favor of a New World Order (Reference 3). ", Congressional Research Service. IT MAKES AND BREAKS GOVERNMENTS AT WILL. Donald Trump has the opportunity to appoint a higher percentage of the Board of Governors of the Federal Reserve system at one time than any president since Woodrow Wilson. Read the sources for details. A closed meeting of the Board of Governors of the Federal Reserve System was held at 11:15 a.m. on February 21, 2023. Public debt is held by the public: individual investors, institutions, foreign governments. No Constitutional republic can function when the government's money powers are in the hands of the financial oligarchy such as New York financiers. Eg, just a theoretical here, but say an investor heard that and bought Tesla . It required the Government Accountability Office (GAO) to audit the emergency loans the Fedmade during the2008 financial crisis. 4. Congressman McDonald, Heinz and Tower stated that this is a conspiracy. It uses these funds to pay its bills, then turns any "profit" over to the U.S. Treasury Department. "The Fed Explained: What the Central Bank Does," Page 1. When economic growth is slow, the Fed adjusts its policy accordingly and lowers the target interest rate, which in turn spurs Americans to borrow credit at a cheaper rate. 261,498,926.241. Banks, New Security Issues, State and Local Governments, Senior Credit Officer Opinion Survey on Dealer Financing US National Debt Clock: How Its Warning Affects You. "The Dodd-Frank Wall Street Reform and Consumer Protection Act: Background and Summary," Page 6. Photos You Should See - March . The Fed had to fight the 2008 financial crisis, so it ramped up open market operations by purchasing bank-owned mortgage-backed securities. Their expertise is in public policy, finance, and central banking. Of the opening, Binder said, The chair decisions matter a lot, but given the number of appointments that presidents have to make the sixth or seventh seat on the board, with all the respect, to fill that spot is just much less important, politically and policy-wise, for the White House.. Box 1544, Billings, MT 59103 or write to Bill Benson, P.O. Binder said Congress could pass laws effectively directing the Fed into action setting a target employment rate, for example but these would have to be signed by the U.S. president. The FED banking system could easily be netting 100s of billions in profit each year. Congress can alter the statutes governing the Fed. By then, the Fed had cut back on quantitative easing. Status Report of U.S. Government Gold Reserve. The ownership of the 12 Central banks, a very well kept secret, has been revealed: Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152) These bankers are connected to London Banking Houses which ultimately control the FED. Its holdings have increased in rank as Brexit continues to weaken its economy. The Federal Reserve (the Fed) enjoys a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. "Chinas Holdings of U.S. Securities: Implications for the U.S. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). Kenan, published by The Noontide Press (2) National Committee to Repeal the Federal Reserve Act, P.O. The president appoints the Federal Reserve chair, currently Jerome Powell. These banks are also members of the Federal Reserve banking system. NEW YORK Radius Global Infrastructure, Inc. (NASDAQ: RADI), ("Radius"), EQT and Public Sector Pension Investment Board ("PSP") announced today that they have entered into a definitive agreement under which EQT Active Core Infrastructure and PSP will indirectly acquire Radius for $15.00 per share in cash, representing a total enterprise value of approximately $3 .
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