FED privately held

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The Federal Reserve Bank, also known as the Federal Reserve System (or the "FED"), is a private corporation. Black's Law Dictionary defines the "Federal Reserve System" as a: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules in the Federal Reserve require investment of stock and minimum reserves."

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Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stockholding commercial banks elect two-thirds of each Bank's nine member board of directors.

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The 1913 Federal Reserve Act allowed Federal Reserve banks to act as agents in:

 

• maintaining money reserves

• issuing money in the form of bank notes,

• lending money to banks

• supervising banks as administered by Federal Reserve Board

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Creating money & interest

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When the United States needs money it issues Treasury Bonds and sells them to the Federal Reserve which buys them with money produced out of nothing.

 

The Federal Reserve then loans this new money to the U.S. Government and charges interest (usury).

 

Because interest is charged with every dollar printed, there is never enough money in circulation or in existence to pay the debt incurred.

 

Each U.S. citizen is subject to the costs born by this agreement between the Federal Reserve and the U.S. Government.

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Debt machine

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As more loans are given, more money is created (devaluing the dollar) and more debt is incurred. 

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Since the implementation of the Federal Reserve in 1913, the dollar has lost over 95% of its value and current U.S. debt is over $31 trillion dollars.

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Fiat money vs. gold standard

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Throughout the history of the world, money not backed by a physical commodity such as gold or silver (also called "fiat money") has an average lifespan of 27 years.

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The United States Dollar left the gold standard officially in 1971 and as of 1999 no world currency is backed by a physical commodity. 

 

The U.S. dollar will eventually collapse in an overwhelming financial crisis triggered by the debt collapse of the entire banking system.