'The “Federal Reserve Bank” (Fed) is not part of the United States Government. The Fed is a private, for-profit corporation ultimately owned by eight elite banking families:
1. Rothschild’s of London and Berlin
2. Lazard Brothers of Paris
3. Israel Moses Seaf of Italy
4. Kuhn, Loeb & Co. of Germany and New York
5. Warburg & Company of Hamburg, Germany
6. Lehman Brothers of New York
7. Goldman, Sachs of New York
8. Rockefeller Brothers of New York
Magically, the Fed has exclusive rights to the dollar, and for them it’s even better than money growing on trees. Whether paying nominal U.S. mint printing costs for Federal Reserve Notes (like those papering your wallet), or simply entering digits into their banks’ computers, they lend this “money” back to us at a profit, making the following seem inevitable:
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them, will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”
A problem with this quote attributed to Thomas Jefferson is that he never said it, apparently. But one great thing about truth, it rings no matter who says it.
Here’s some truth from Wright Patman, Texas Democratic congressman from 1929 to 1976:
“…it is absolutely wrong for the Government to issue interest-bearing obligations. It is not only wrong: it is extravagant. It is not only extravagant, it is wasteful. It is absolutely unnecessary.”
Congressman Patman was chairman of the House of Representatives Committee on Banking and Currency for forty years; for twenty of those years he introduced legislation to repeal the Federal Reserve Banking Act of 1913.
Patman also said: “I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”
That “idiotic system” is the Fed.
$454,393,280,417.03…for the year 2011, that’s how much Americans paid a consortium of twelve private banks for creating dollars out of nothing, and loaning them to the government at interest.
There may be no greater con job than the Fed. Even the name is a con—any influence the United States Government has over the Fed is a dog and pony show. The Fed is Top Dog, and there are no reserves to pony up.’