Banks are lent vast sums of money by central banks at near-zero interest.
During this election year, the economy is the number one issue that voters are concerned about.Consider this: we pretend that banks are private businesses that should be allowed to run their own affairs.But they are the biggest scroungers of public money of our time.We do not know how much of the system each bank owns, because that has never been disclosed to the American people. That is 454 billion dollars that was taken out of our pockets and put into the pockets of wealthy individuals and foreign governments around the globe. For example, Thomas Edison was once quoted in the New York Times as saying the following…. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 — that is what it amounts to, with interest.The Federal Reserve openly admits that it is privately owned. The truth is that our current debt-based monetary system was designed by greedy bankers that wanted to make enormous profits by using the Federal Reserve as a tool to create money out of thin air and lend it to the U. People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work. In all our great bond issues the interest is always greater than the principal.Most of these have been the result of the Federal Reserve keeping interest rates artificially low.
If the free market had been setting interest rates all this time, things would have never gotten so far out of hand.
Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system. government lets the Federal Reserve create it out of thin air and then the U. He plans to try to keep the inflation rate at about 2 percent in the coming years. The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.
So it would be accurate to say that the Federal Reserve is partially foreign-owned. So where does the Federal Reserve get the Federal Reserve Notes? Wouldn’t you like to be able to create money out of thin air? The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.
Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.
This scam was also explained in a recent article in the Guardian….
What would happen if the Federal Reserve was shut down permanently?