Federal Reserve Bank of New York, Goldman Sachs, BlackRock & Rothschild Banking System
THE FEDERAL RESERVE FOR DUMMIES
“What difference does an increase in the National Debt make? We owe it to ourselves.” virtually every congress-critter has declared. Such a paraphrased program gives the federal government/ congress purchasing power not previously available—to buy votes from home. Unfortunately, the inflation created dilutes the purchasing power and value of assets owned by individuals. The system also conceals the immense transfer of value to bankers, which has justified the intense subterfuge and arm-twisting necessary for the Fed’s creation—that this paper exposes. The inherent destructive forces, evidenced by historic Rothschild banking1 and mathematical analysis, are also identified.
The 19th century Rothschild banks established a line of credit for the King provided he pledged collateral with a written promise to pay gold with interest to the bearer at a time in the future. The book-entry Rothschild credit was used to satisfy obligations incurred by the king. The credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s promise to investors for hoarded gold. The promise (security) was renewed by the bank on its maturing date and became perpetually rolled-over. 2
VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold from investors; the investors gained interest on their assets and a promise the king would eventually return their gold—which would never happen.3 Everything went smoothly as long as the bankers could sell the promise and the investors, or merchants, did not demand the gold.4 The king would pay the interest with more credit from the bank so the credit cost nothing. The schemes stole the wealth from the people with its book-entry fiat money5 until the people brought a catastrophic climax.6
The Federal Reserve system does the same thing with the U.S. government’s deficit spending. The banking wizard is hiding behind Frank Baum’s curtain of the government image Federal Reserve marquee7 as obscurant to any public inquiry.8
The Federal Reserve Bank of New York will grant credit (not “create money”) in an account of the U.S. government in an amount that the government will pledge. 9 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. The heading of the currency given to the supplier by a local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve. Historically, it was identified to be redeemable for gold, silver, or lawful money. It is now identified as a “tender” (substitute) required by law to be accepted for an imprinted number of dollars. What you have is what you get. [It is touted to the public as a loan.] 10
To sell the promise from the government at the highest price, the Federal Reserve (as fiscal agent for the government) will hold an auction but will imply it is an auction by the government.11 Acceptance of bids, determining the interest rate, and the amount of deficit spending permitted is controlled by the BOG.12 Government regulations establish the funds from the auctions are controlled exclusively by the FRBNY; i.e., a franchisee of the BOG13. 14
The roll-over of approximately $12 trillion debt from prior years (publicly held maturing) is annually auctioned and disbursed by the FRBNY. The approximate $1 trillion auctioned for deficit spending is evidenced by TreasuryDirect as “new cash.” 15 [Currently new cash can be 100% to a negative (input) of the issue.] Since all values are determined by the Fed, they must be given to TD.
purchased as cheaply as $50,000. or
Citizens can use the FOIA37 to demand relevant official Fed documents for analysis as affirmed by the Second Circuit Federal appellate court.38 or Torches and Pitchforks.
It all depends on how submissive the American people have become.
1 European origin of the Federal Reserve is well known. Ref. http://www.apfn.org/apfn/reserve.htm. Benjamin Ginsberg identifies historic banking events/chaos in FATAL EMBRACE; (financiers) AND THE STATE even from the Magna Carta.
3 In fact, the “king” has been known to confiscate the public gold in “the public interest.”
4 After the hook was set, the bankers would clandestinely demand token payments of gold from the king until his coffers were emptied and he was bankrupt. After the king was bankrupt and the people resisted increased taxes, bankers (who controlled the roll-over of prior debt and the paying of interest) would demand the king sell his assets to the bankers (for the banker’s make-believe book entry credit) at fire-sale prices (as in Greece) so interest on the king’s promises could be paid. Consider the irony of it. For the king to have a bit of purchasing power to advance the kingdom, the kingdom was lost. The people finally wised up and revolted.
5 The Magna Carta as a rebellion against the war-mongering by London financiers is an interesting observation of Benjamin Ginsberg. It has been omitted from history books. 1000 years hasn’t changed the financiers’ war-mongering obsession. Ref. Michel Chossudovsky, GLOBALIZATION OF WAR; Douglas Valentine, CIA AS ORGANIZED CRIME ; https://www.commondreams.org/views/2017/07/08/us-state-war-july-2017; http://farmwars.info/?p=15338 A FACE FOR THE SHADOW GOVERNMENT.
6 A debt-based national economy without specie backing is a Ponzi scheme inherently destined for bankruptcy but that is another story. Ref. pg 4
7 http://www.bilderberg.org/roundtable/emfed.html; The “Federal Reserve” name is a first camouflage to disguise the bank with a facade of government agency for sovereign immunity and to mitigate public animosity from bankers exposure. The claim of agency status does not appear to comply with Supreme Court adjudication of parameters for agencies. Nor is status of agency available for the economic benefit of private entities. The status of the BOG is not known to have been adjudicated.
8 A favorite line is the government borrows money. It is impossible to see that what was not there before the event could be borrowed. It would appear that the Fed did not put up any legal consideration for the agreement. A contract without legal consideration by both parties is void from its inception. Nor can it be rational that the Federal Reserve had $20 trillion a century ago while they purchase $100 Ben Franklins for 15 cents each from the US government. [The Fed does not ‘print money’ (sic); it buys it from the government.] Another inane concept is that the government borrows from the public. If there is any logic to this concept, how is the public then in debt ?
9 A Treasury Bill, Bond, or Note is backed by the taxing power of the U.S. FDR removed domestic demand for gold. President Nixon removed the pledge of gold for other nations. Cynics might conclude the FRBOG had confiscated the government’s gold by that time. China received bogus gold bars from the Fed.
10 A loan involves money exchanging hands. There is no increase in money in circulation (inflation) with a loan.
11 http://www.gao.gov/assets/80/75792.pdf:“… To sell marketable public debt, the Treasury, through the 12 Federal Reserve district banks and their branches, acting as fiscal agents for the Treasury, sells securities to the public through a competitive auction process.” page 22 of 161.
12 This was a surprise for President Clinton. Appointees to the BOG are selected from a short list submitted to the government (by the Wall Street owners of the corporate Board of Governors ?).
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Peter Janisch specializes in short sales in Short Sale Realtor. I am your Short Sale Realtor Short Sale Specialist Realtor and Short Sale Realtor loan modification and distressed property expert. This article and content is for general informational purposes and may not be accurate. This should not be taken as legal advice, technical or tax advice under any circumstance. Seek legal advise and representation in all legal matters.