Quote:
Originally Posted by Jesus H Christ
yes, its private money buying Bonds. BUT that does NOT mean the FED is A private Company. The original point. I don't believe we have been broke since 1933 because if we were why would foreign countries keep buying our bonds that are regulated by Congress?
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Because for many many years most people didn't understand the system. Now that many many people are beginning to understand it the system is coming crashing down.
Just a handful of sources
"Some people think the Federal Reserve Banks are the United States government's institutions. They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" -- Congressional
Record 12595-12603 -- Louis T. McFadden, Chairman of the Committee on Banking and
Currency (12 years) June 10, 1932
"These 12 corporations together cover the whole country and monopolize and use for private gain every dollar of the public currency..." -- Mr. Crozier of Cincinnati, before Senate Banking and
Currency Committee - 1913
"The Federal Reserve Banks are not federal instrumentalities..." -- Lewis vs. United States
9th Circuit 1992
"The regional Federal Reserve banks are not government agencies. ...but are independent,
privately owned and locally controlled corporations." -- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982