FEDERAL RESERVE - AMERICA'S GREATEST ROBBERY pt 1

[Thewizzardof9]

Nice Job. you twisted the facts so much there is almost not an ounce of truth in your show. it looks like you got a lot of hits so good job.

[merphis10]

Of course, its like going to Al Capone and ask him if he is being audited and he responds; " Yes, every year, by my own accountant " hahaha ! what a joke ! but this is not the feds fault or congress' fault its our own fault for ever allowing this to happen, we are a nation filled with ignorance and there is no escape from that !

[SadegoGG]

@merphis10

The Federal Reserve is audited by the GAO and by private accounting firms every year. The audits are extremely comprehensive, please analyze the FRB Annual Reports to analyze the comprehensiveness more carefully. In fact, there are only 4 restrictions to the scope of GAO audits. And you're right about ignorance. Ignorance is not knowing, and people just don't know some things. So all people are indeed ignorant.

[MotorCityPlayer]

"I'd feel angry about The Federal REserve, but I will forget about it in 10 minutes, cause American Idol is on"....Americans have been conditioned since birth that those who "dont pay their taxes" (or their share) are bad people. So, we wake up every day, work menial jobs, and get our paychecks robbed 10-30pct each week..when this doesnt have to happen. Also, the banks create this FICO Bull to keep you and i working HARDER to achieve a higher score. You are only as good as your fico score.wakeu

[merphis10]

@MotorCityPlayer Amen, brother !

[drummer4theperish]

The Federal Reserve is not more Federal than Federal Express. True that!

[jimmyrtle]

@drummer4theperish

The Federal Reserve was established by an Act of Congress, that makes it more Federal than Federal Express.

[SadegoGG]

@jimmyrtle

The decision makers of the Fed (Board of Governors) are also appointed by the President and confirmed by the Senate. Moreover, the Federal Reserve Presidents also must be approved by the Board of Governors. The only decision makers of monetary policy decisions are the Board of Governors and the Federal Reserve Presidents (via the FOMC). Thus, the government has some degree of control over individuals serving every position that deals with setting monetary policy on the Fed.

[jimmyrtle]

@dono17 The Fed is audited every year.

[FalloftheFed]

@jimmyrtle Where did you get that the Fed is audited every year? Can I see these audits? Can you tell me how much money is in the economy? Can you tell what banks and people hold this money?

[jtizz711]

@jimmyrtle who audits the fed? congress?

[jimmyrtle]

@jtizz711

KPMG, I believe, is the firm that audits the Fed.

[merphis10]

@jtizz711 Nobody ! It has autonomy !

[jtizz711]

@merphis10 exactly? who is this guy talking about its audited every year? sure it may be audited but by a PRIVATE company run by the fucking fed. its such bull shit. Everythings going to shit. i'm fucking scared...

[SadegoGG]

@jtizz711

The GAO and private accounting firms audit the Federal Reserve every year. The Federal Reserve doesn't pick their own auditors to audit the information presented to Congress, and the Federal Reserve certainly does not pay off auditors. Or if they do pay them off, there is absolutely no evidence I have ever seen suggesting so.

[jtizz711]

@SadegoGG haha do you actually think they would leave evidence for you to see. they print their own money out of nothing. Its just paper... then they pay people off with this paper...and then we believe its worth something....A PRIVATE COMPANY HAS THIS KIND OF MONOPOLY. Why cant you see how wrong this is?!?!

[SadegoGG]

@jtizz711

Federal Reserve profits are well documented and closely watched. If the Federal Reserve were to just print money for their President(s) or Board of Governors...or some other member of themselves they would have to go to the US Treasury and ask for money to be printed (Since the US Treasury is the one who actually prints the money). There would then be no documentation or trace of this money, due to your logic. This is inconceivable and impossible.

[jimmyrtle]

@jtizz711 The Fed is not a private compnay.

[jtizz711]

@jimmyrtle yes it is. The only argument towards it not being a private company is that it has made a coalition with the federal government.

[jimmyrtle]

@jtizz711 That and the fact that it gave $80 billion to the Treasury last year.

What private company does that?

[jtizz711]

@jimmyrtle A bank makes money by lending the money to the treasury and then the gvnt has to pay it back plus interest. Theres a huge profit margin with a monopoly.

[jimmyrtle]

@jtizz711 "Theres a huge profit margin with a monopoly"

The Fed has a monopoly on loaning money to the Treasury?

[jtizz711]

@jimmyrtle in the sense that it costs them nothing because the money is just paper or electronic numbers.

[jimmyrtle]

@jtizz711 Commercial banks can't print money or just create money electronically.

And the Fed doesn't have a monopoly lending money to the Treasury.

[KingCx3]

i'm an American born and raised in the northeast. I live in Florida now and isee that our government is a joke!! How could the greatestcountry in the world! founded on all types of freedom! be so against that same freedom we have all been turned into slaves and our master is the dollar! Some ppl will do anything for their master. we need a Gov. we can trust! we need to look@our history and learn from it. America needs to wake up! Americaneedstofufillit'sDestin­y! makeUSfree!growhemp!produce02!­!!!

[BeantownJim]

stop paying taxes!

[connect2raza]

KEEP DYING FOR THE INTERSTS OF THE ZIONIST JEWISH REGIME OF AMERICA nd ITS ILLEGITIMATE SON ISRAEL. KEEP GETTING KILLED FOR ISRAEL AMERICA IS RUN BY THE ZIONIST JEWS WHO CONTROL ALMOST 90% OF THE ECONOMY THEY OWN ALL THE BIG BANKS ND ENTERPRISES THEY OWN THE MILLITARY INDUSTRIAL COMPLEX THE OWN THE HEALTH CARE SYSTEM.

[connect2raza]

EACH ND EVERY DAY AMERICAN SONS ND DAUGHTERS R GETTING KILLED FOR THE PROTECTION OF THT EVIL MURDEROUS GREEDY ND SATANIC STATE KNOWN AS ISRAEL. UR COUNTRY HAS BEEN HIJACKED BY THE ZIONIST JEWS WHO R THE GODFATHERS of ISRAEL ALL THE AMERICAN PRESIDENTS R THERE PUPPETSSSSSS.

[BillOfRiGHTs911]

We must end the fed along with

fractional reserve banking system!!

And it would be much better to have a silver standard than gold...

[DangerMouse232]

@BillOfRiGHTs911 LOl I dont see why Ron Paul Isnt the President yet man...Its Just to Obvious Whats goin on in Washington...

[BillOfRiGHTs911]

The Fed is actually run by ZIONIST Freemason Jews, among other freemasons who work for the NWO headed by ROME and the Jesuit Freemason Papacy!

[hh8820]

The Federal Reserve, which controls the American monetary system, is a private bank which is owned by foreign, Jewish banking interests. They have stolen hundreds of billions of dollars from the American taxpayer. When this debt comes due, the people of America will be slaves to this foreign banking cartel and their masters in Isreal. Fight back for your people and your children. Join the American Nazi Party today!

[intenseunit]

the dirty little secret is out. jfk was assinaed for a reason , and obama is in place for another. this resistance this final fight for mankind willbe fought.

we must reclaim the federal reserve, it is time for them to stop making money out of nothing, we ust make somethign with all this money, the legal tender they issue today is worth NOTHING people. we shoul all burn tis paper, the goverment will print more 700 billion more, jfk act 1110, pm this message must be spread through out the world,

[alibinmustafa]

Hi, I am an Indian Muslim. Why is Bernanke so much worried about Fed's independence, and why is he so much adamant on not allowing congress to audit Fed's monetary policies? Why they cannot be transparent and why they work in so much secrecy?

[patbarkley]

Congress would do the same great job, if given power over monetary policy, as they did with fiscal policy.

[IcedEarth426]

@alibinmustafa Criminals never want their activities to be known. If people knew that the Fed was the mother of all Ponzi Schemes, there would be open revolt...

[RoxannMi1]

If only people would take the time to educate themselves about the true nature of the Federal Reserve.

[patbarkley]

If people were educated, they'd stop with all the whining.

[jacksprack73]

Eustace is a name of Greek origin, from Ευσταχυς (Eustachys) meaning "fruitful" Surname: Mullins "moulin",one french meaning is"mill" They say whats in a name anyway.The process of looking for the truth and sharing it with the world is the Greatest fruit ever given.And how free and sweet it is!

[Dash171]

I have been researching these topics lately, and one thing that I have realized.....Ron Paul may be our last hope of avoiding a civil war.

[belliebum12]

Holy shit! My money is just a bunch of fucking banknotes!

[vlastic]

From Hogwart school of magic:

The Principal Exceptions to Gamp's Law of Elemental Transfiguration are five magical objects that are an exception to Gamp's Law of Elemental Transfiguration — objects that cannot be created by magic. The fifth and final exception is money, as money is something wizards cannot simply materialize out of thin air, for the economic system of the Wizarding World would then be gravely flawed and disrupted.

[ogosin4ever]

geek much? i love harry potter to though buh still and yes i have read the 7th book by the 2nd day it came out buh ur like way beound

[thablackmarkit]

Protesting is not enuff. We have to burn that mother fucker down.

[thablackmarkit]

endthefed (dot) us

[pissysteve]

watch?v=vitSBqhWjfc

[kurozaki45]

federal reserve is no more federal than fereral Xpress

[nem1901]

WHY ARE FOLKS Debating ?? the FED is illegal - it's a FRAUD and yes private banks over seas DO TAKE OUR MONEY if u work & call yourself an AMERICAN then guess what ? wake up ! you are getting fucked in the ANAL area, Literally

[ducejr20]

well said by a true american patriot!

[patbarkley]

"the FED is illegal "

Because you say so?

"yes private banks over seas DO TAKE OUR MONEY"

How do they do that?

[jahellaspartan]

YSE IT DOES! Most all Americans work 3 to 4 months out of the year alone in directly paying interest to the Federal Reserve Banks! You idiots are either deaf, dumb, and blind, or are kiss asses to this illegal and corrupt banking system!

[jimmyrtle]

"Most all Americans work 3 to 4 months out of the year alone in directly paying interest to the Federal Reserve Banks!"

Where do you mail the check?

[jimmyrtle]

The Federal Reserve does not make money off the taxes we pay.

Oh, you're a Ron Paul supporter. That's why you're confused.

[Kinghercules]

How do you know?

[patbarkley]

The Fed doesn't receive funds thru the budget process. They don't tax on their own.

How do you imagine they receive money off the taxes we pay?

[ducejr20]

dude! they may not be in direct control of legislation, but if you are in control of printing money maybe you can manipulate legislation like the passing of the federal income tax bill!

[patbarkley]

i"f you are in control of printing money maybe you can manipulate legislation like the passing of the federal income tax bill! "

You think the Fed caused the income tax? How exactly? Walk thru the steps.

[ModernMaverick34]

This a response to Patbarkley's question....

The Federal Income Tax was quietly created and thrusted on America seemingly overnight back in 1913. The Federal Income Tax was created to secure the payment of the interest on the money that is loaned to us by the Federal Reserve. Fact is, the Income Tax was never amended in the constitution or ratified by congress, it just showed up and they said it was all legal. "take our word for it, we are in charge" is always their mentality.

[patbarkley]

"The Federal Income Tax was created to secure the payment of the interest on the money that is loaned to us by the Federal Reserve"

How much interest is that every year? How much is the income tax every year?What does the Fed do with the interest?

"Fact is, the Income Tax was never amended in the constitution"

Try the 16th Amendment.

[kcheney111]

Yes but the Supreme court ruled that the 16th ammendment has no new taxing authority

[patbarkley]

When did they do that?

[kcheney111]

Supreme Court in Stanton verses Baltic Mining, the provisions of the

16th amendment conferred no new form of taxation.

In the Rushaver case the Supreme court also stated no new taxing power in the 16th ammendment because it is a direct tax that is not apportioned..

Its the lower courts that screw people over with tax crimes

[patbarkley]

"the 16th amendment conferred no new form of taxation"

That's a relief, I thought you were going to prove it was unconstitutional.

[thomasst2]

Currently about $500 billion a year....just interest.....about 20% of what Govt receives in tax receipts. Given the current spending trend, it may reach $1 trillion in 5 or so years. The national debt doesn't go down because Govt is only paying interest.

[patbarkley]

"Currently about $500 billion a year...."

The Fed charges the government $500 billion a year?

[thomasst2]

Yes. The dollar (and every fiat currency for that matter) is a debt instrument. Every individual currency in circulation is an asset on Govt's books but a liability at the central bank to be paid in the future. When Govt's collect taxes and pay interest on loans, the liability column at the central bank is lowered and the amount paid disappears from circulation...unless the Govt borrows more than paid. Then the central bank's liability column grows.

[patbarkley]

"Every individual currency in circulation is an asset on Govt's books"

Currency in circulation is about $853 billion. How is that an asset on the Govt's books?

You really think the Fed charges the government $500 billion a year?

[thomasst2]

Selling Treasury bonds borrows dollars (or debt instruments) already in circulation. Each one of those dollars still has to be paid back to the Fed. As Govt spending rises more dollars need to be created to pay off more Treasury bonds. So more debt is accumulated to the Fed to generate dollars pay debt for Treasury debt in circulation to China, Russia, Japan, etc. It's generating future debt (dollars) to pay current debt (Treasuries).

[patbarkley]

"Each one of these dollars still has to be paid back to the Fed"

The $20s in my wallet need to be paid back to the Fed? Why?

[thomasst2]

If the Fed's liability column shrinks, they the money supply will shrink. Then Govt has less dollars to spend with and it's budget would shrink. Reality is the opposite. In order to maintain increased spending levels, the Govt must create more dollars in circulation and hence increase its liabilities on the Fed's balance sheet. The public is impoverished by Govt acquisition of real resources with manufactured money, rising prices and a decreased standard of living.

[patbarkley]

The Fed's liability is money, so obviously if the liability (money) shrinks, the money supply shrinks.

[polygamous1]

dead right on the 23rd of Dec of 1913 when all Christian members of congress went home for xmas 2 NON Christians voted for the biggest robbery in world history the FED RES them greedy bankers have ROBBED n destroyed a once proud country How the hell can a bucnch of people print n control your moneyWITHOUT RESERVES WITHOUT GOV CONTROL see THE MONEY MASTERS at how the us put 20M to start the fed bankers then loaned themselfs 200M n "bought" 90% of the shares banks can loan 10 X what they have

[patbarkley]

"dead right on the 23rd of Dec of 1913 when all Christian members of congress went home for xmas 2 NON Christians voted for the biggest robbery in world history"

Really? What was the final vote?

[patbarkley]

"The Federal Income Tax was created to secure the payment of the interest on the money that is loaned to us by the Federal Reserve"

You think the Federal Reserve lends us money? How much do they charge? What do they do with the money?

[thomasst2]

I suggest reading Murray Rothbard's "The Case against the Fed". He outlines monetary theory, history of fractional reserve banking and its problems (actually public benefit) in a decentralized banking system, J.P. Morgan's quest and conferences among the country's banking elite for an "elastic currency" to cartelize the banking system and slowly demonetize gold, intellectual propaganda for the 1907 Panic, Jekyll Island, and Rockefellers take over after the New Deal. Good book. Great Historian.

[thomasst2]

I suggest reading Murray Rothbard's "The Case against the Fed". He outlines monetary theory, history of fractional reserve banking and its problems (actually public benefit) in a decentralized banking system, J.P. Morgan's quest and conferences among the country's banking elite for an "elastic currency" to cartelize the banking system and slowly demonetize gold, intellectual propaganda for the 1907 Panic, Jekyll Island, and Rockefellers take over after the New Deal. Good book. Great Historian.

[jimmyrtle]

Because I know more about economics and banking than Ron Paul.

That's not saying much. LOL!

[6gambler9]

ur a muppet

[Textynn]

I don't get this. Why would we pay interest on a print order. Why wouldn't we just pay them to print the money like you pay someone to print a catalog or something.

[stinky125]

"Distroying America" ???

And you want people to take you serious...??

[daytrader106]

Also. The Federal reserve doesn't Print any money. The BET handles all the printing from two locations. The Federal reserve doesn't mint any coin. This is all done by the United States Treasury Mint department.

The Fed is nothing more then a broker. I am fine with that.

[laratubes]

I think you are totally missing the point. Nap time is almost over.

[daytrader106]

Some people like to play arm chair managers. It takes trucks to haul this money. The amount that we as a nation use is huge. The Federal Reserve is nothing but a reserve. To keep space int he system. You local bank can not handle or do what the federal reserve does. No reserve/broker no money. You bank has little cash on hand. The reserve can have it to them in hours.

[tubester4567]

Ya ima goona try to print my own money. I got a new printer that work snice. If it works i will be rich. Ya.

[jebr1983]

i suppose a solution is for the government to produce and to loan out money to banks rather than have the fed do it. But without interest rates but with strict regulations in order to stop excessive boom and bust. Also i think possibly the currency should be gradually returned to goal standard. To avoid valuations of thin air. Only problem is who to make governments accountable to. I would say bring like the economic version of the ten commandments on what conduct to persue when producing money

[primoabruzzi]

Duh...

1. Divest this traitor and sinister entity of any and all of its involvement in the American monetary system.

2. Demand that they return any wealth that they have siphoned from our nation at interest.

3. Open up a US Bank with US Notes.

Oh! Wait a minute! Kennedy started doing that in 1963 and was assassinated!

Gee! Maybe we can't.

[cdishmo]

Most banks are privately owned. What is the solution to the federal reserve? The only crime they have committed is giving the impression that they are part of the federal government by using the name Federal Reserve. This gives the impression that the federal government has huge cash reserves in a bank. Like the strategic oil reserves. This info is revealing but I have not heard of any solutions. Somebody tell me what we can do besides complain?

[BluntVendetta]

thank you for your hard work Aaron Russo....true Americans miss you dearly!

[devildogkilo]

Finishing: Each district (12) make up an economic board/committee which meet on ways to fix the economy, thats why every president has an economic committee. Oh... There are only few "Banks" which directly deal with the Federal Reserve. Others are FDIC members not Federal Reserve members. And the President of the Branch are not bankers... Do your research or just walk in and ask... they will give you the information you seek.

[devildogkilo]

Ok... I hear enough about the Federal Reserve to make me laugh. First, the BOG "Board of Governors" answer to Congress and the President. No, the Federal Reserve is not a "Bank" or at least in the traditional sense. You can't walk into a Fed and conduct transactions.

[Neromindwarz]

"You can't walk into a Fed and conduct transactions"

---and that makes you feel better about it?

[Casar1973]

leave it to gene simmons

[therrci]

rockfeller