The banking system of the future
Yes this is a post about the Federal Reserve Bank. Ending the federal reserve system should be one of our top priorities as free citizens of the United States. The federal reserve system is a scam and here is why.
Where does money come from?
Where does your money originate from? If you said your job, hard work, or the government you would be wrong. Money, in the US at least does not come from any of those places. You see our money is all printed by the money creating system of our country the Federal Reserve Bank. Now whatever you may think the fed is not a government agency. You see it is a privately held bank. Now this is confusing at first because the fed does have public parts unlike any other kind of bank. Its top positions are appointed by the US government, and its governing counsel is a us government organization in washington. That is where the government part of the picture stops and the private part begins. The fed is divided into twelve privately held banks in major cities across the nation. Wait a second.. Why do private banks get to issue our money? The idea came from the founding bankers of the system who created it after a bad run on banks in the Panic of 1907. Their idea for a central banking system was put into action in 1913 and has changed extensively over the years due in large part to the great depression.
So enough of a history lesson, we have already talked about enough to explain why the fed is so not a good idea. You see when the bankers who created it had the idea it was a thought process of something like this “Hey we are the most successful bankers in the country, why don’t we get the federal government to let us print the money, and loan it to them at an interest rate.”
However noble the initial intentions were the ramifications are simple. We the people need a currency to trade for good and services. We are issued United States Dollars from the Federal Reserve who loans the money to our government to use as our national currency at a rate around 3% (this changes all the time). So the federal government takes out a loan for the money, and then pays 3% to the federal reserve. That’s roughly $30,000 of every million they print. This is where it gets even better. Because the government does not have any currency of its own to pay it back they must borrow the $30,000 from the fed to pay it back. This is a never ending cycle. Meanwhile all of this borrowing is against money that does not technically even exist! At the end of the day the partner private banks are making back a dividend of 6% and the rest is kept in a reserve.
The picture gets even bleaker when you consider that today we no longer use the gold standard, or any real backing for our money and have adopted the fiat system. This means our paper money is only worth the cotton paper its printed on, and nothing more. Its pretend money, and only carries a value because people choose to use it.
I say end the Fed. Many of our founding fathers like Thomas Jefferson warned us against letting the private banks control the money. Its time to end the fraud in washington.
If you disagree with me please leave me a comment.. Also here is a post from someone who disagrees, but still has some good nuggets in it.
