Lagniappe de Vivre

14th November 2011

Quote reblogged from THE PERIODICAL EROTIC FRENZY with 21 notes

UGLY FACTS ABOUT THE FED

1 The Federal Reserve (The Fed) is neither; it has NO reserves and is NOT a branch of the federal government.

2 The Federal Reserve is a private banking cartel whose secret owners have never been investigated or audited by any government agency.

3 A large percentage of the ownership of the Fed is private foreign banks and clandestine investment interests who determine interest rates and lending practices for our citizenry.

4 The Fed has never paid one dime in taxes in its 98 year history!

5 The Fed has never been audited in its 98 year history!

6 The Fed holds a complete private monopoly over the issuance of currency in the US in direct contravention of the US Constitution.

7 The Fed is the sole cause of inflation.

8 The Fed has destroyed the value of the US dollar. Since 1913, the year of the Fed’s inception, the US dollar, under the Fed’s supervision, has lost over 98% of its purchasing power.

9 Most of the Fed’s activities are not made public. There is NO transparency with the Fed.

10 The Fed, not our Congress or Treasury, solely determines interest rates and borrowing requirements for all loans in the US.

11 The Federal Reserve Note has illegally, under the Constitution, usurped the lawful issuance of gold and silver backed currency formerly issued by the US Treasury.

12 Every Fed note (US dollar) is an interest bearing debt instrument payable to private, invisible bankers.

13 The IRS was created as a tax collection body to fund the Fed.

14 The owners of the Fed have been the recipients of ucounted trillions of dollars in interest over the last century, paid for by hard working Americans.

15 The Fed has no assets; it creates and issues money out of nothing and charges outrageous interest to the American taxpayer.

Source: http