The Federal Reserve and the
FACT#1. The Federal
Reserve is a private corporation, owned and controlled mostly by foreign
FACT#2. How the Federal Reserve banks work (using a 10% reserve requirement).
1. F.R. "creates" $1,000,000 worth of "debt certificates" with no assets behind
the creation, just the "OK" of Congress, and distributes it to banks.
2. The bank "Holds" the 10%
reserve as operating capital ($100,000) and loans the rest out at 10% interest.
3. The bank pockets $90,000 in
interest, and accepts the $900,000 back as a deposit.
4. The bank retains 10% of the
$900,000 deposit as a reserve, and loans out the $810,000 at 10% interest.
5. The process is repeated over
and over, with "hard" assets pledged as collateral for these "loans". Thus, it
starts with "no money" and ends up with houses, cars, land, silver, gold...real
assets...and all it took was some ink, some paper, and the cooperation of
FACT#3. The BIRTH of money #1...Congress authorizes the F.R. to purchase
U.S.Notes from the U.S. Bureau of Engraving for 2.5 cents per bill (no
difference between $1 and $1000 bills). The F.R. then issues an equal amount of
"debt certificate" Federal Reserve Notes which they use to purchase U.S.
Treasury Bonds. Taxpayers are, supposedly, obligated to pay off these bonds at
FULL FACE VALUE, plus the debt of the original currency purchased at 2.5 cents
FACT#4. The BIRTH of money #2...All credit is hypothecated upon the faith and
worthiness of the "United States". Congress authorizes various corporations to
extend the credit of the United States (as a privilege, not a right) to finance
mortgages and other types of credit. You and I could not set up shop to extend
credit to others, except we be licensed and approved by the government.
is not the mortgage company, with whom you sign a contract, who extends you
credit...they are only an "agent"... it is the United States who is the party
with standing, and the only entity which can sue or foreclose for breech of the
contract. BET YOU DIDN'T KNOW THAT! Then there is the credit contract itself...a
fraud perpetrated upon the buyer everytime. It is another means of "creation" of
There is no "money" exchanged in the mortgage transaction. It is a book
entry made by the "agent" which "monetizes" the value of the real thing, the
property involved. No contract is valid except both parties bring something of
value, called "consideration", to seal the contract. You are bringing the
property, and the promise of future payments...they bring nothing but the
ability to create credit...a congressional "okie-dokie"...to the contract. Thus
the government fraudulently claims superior ownership rights to the property
involved, and the ability to charge the "tenant" rent (called property taxes)
for the privilege of using paper credit.
FACT#5. The taxes paid by Americans never provide ANY services to our
country...all collected income tax money goes DIRECTLY to the F.R. Board (check
the back of ANY check sent to the IRS...it is true).
FACT #6. All U.S currency is "Federal Reserve Notes" of debt, owed to the
Federal Reserve, and is borrowed into existence. How can you pay the debt when
you have to "borrow" the currency to pay the debt, FROM THE GUYS YOU ALREADY
OWE? It is like paying off your VISA card using THE SAME VISA CARD...the
interest just keeps growing, and no principal is ever paid! It is a ponzi
scheme....a scam...and America is the mark!
Thus, the national debt can never be repaid. It is not meant to be repaid. It is
meant to bring Americans to ruin without bloodshed. It is the legal takeover of
the country, piece-by-piece, and the voluntary enslaving of the sovereign
people, who will ULTIMATELY be asked to accept the demise of the Constitution,
and their sovereign status under that Constitution, to become "subjects" of the
benevolent ruling class.
This debt is owed by a
"corporation" called "THE UNITED STATES"...A true LEGAL ENTITY...just like AT&T
or any other company. It was formed, under Article IV powers of the
Constitution, to do, in the territories what the U.S. Constitution said the
Federal Government could NOT do in the states of the union, and I'm not talking
just about income taxes, although that is certainly the case!
This whole scheme is based upon Congress' "sovereign rights" over the
territories (Article IV) they established a "corporation", a central bank, and a
paper money supply for those areas and peoples of the territories and areas over
which the "FEDS" were Sovereign (see Article IV, Section 3 of the national
constitution).... this was NOT done for or apply within the jurisdictions of
the 50 union states, mind you, since it would have been openly Unconstitutional
to do so. Only the "territories", the subject peoples within those territories
or the 50 union states, and those 14th Amendment "citizens of the United States,
and subject to the jurisdiction thereof"(see the 14th amendment, the tax code,
the voter registration cards, etc) who possess only the inferior legal status of
"subjects of the United States" (according to the Supreme Court), and do NOT have
Bill of Rights protections, guarantees, or unalienable rights from God (only
civil rights from government, who created them in law) ...
They are Federal (U.S.) citizens.
The "federal" banks were set up to provide services to only federal citizens and
other "subjects" of the United States. Free American Citizens began accepting
the fake money (not backed by any substance of value), along with the genuine
(redeemable at par for a set quantity of gold or silver), until 1964, when
redemption of "paper" into real money (silver and/or gold coin) was terminated,
and we all began to exchange only the fake stuff!!
This corporate US makes laws which apply ONLY to those areas and peoples over
which the Constitution gives the federal government sovereignty (See US
Constitution, Art 1, Sec. 8, and Art. IV, Sec. 3, and Downes Vs. Bidwell, 182
U.S. 244). The ignorant sovereign people (the free natural American Citizen of
the constitutional united States of America), began to submit to and obey laws
which were legally applicable only to "subjects" of the corporate federal US. We
were also tricked into legally volunteering to all become "federal persons" by
the promise of old age security... that's right...Social Security...the ever
tightening noose around the throat of We the People. This explains why Congress
can pass laws about guns and other "protected" topics, and not have such laws
declared unconstitutional. They are not legislating for the 50 states or the
Citizen of one of those 50 states. If you submit to a law, however, you are
judged to be under that law. If you become a "federal person" through
application for a social security number, or other federal benefit program, you
have traded your birthright for a bowl of pottage (see Esau in the Bible). WE
THE SHEEPLE have been voluntarily sheered by our own ignorance! Notice that
there is still gold and silver coin being minted today (constitutional
money)...but its value is calculated in federal reserve notes, falsely called
WE MUST NOW reassert our sovereignty! It is time for "We the People" to declare
the corporate US to be bankrupt, remove the Federal Reserve from the U.S.of A.,
and require Congress to turn on the presses and begin minting lawful coins (or
Silver and Gold Certificates) which have no debt attached to their creation.
Lawful money which is backed by gold, silver, and the productivity of Sovereign
Americans. If you have understood how the debt is created, you know that it has
been a fraud from the outset. It is no more a legal debt than Federal Reserve
Notes are legal money. It is a "Corporate debt" of the federal corporation known
as the "UNITED STATES", which is NOT the constitutional entity established in