Not Federal; No Reserve.

[VIKING33NY]

Well no shit!!!!

[asleeperj]

You make 0 dollars a year. I lend you 100 dollars for that year. I expect 115 back for that year.... What is wrong with this picture?

[CommieNews]

@asleeperj i didn't like step one or step three in your scenario. step seems cool, though...

[hoodoo961]

They did not even include one dissenting opinion.

[texthit]

the fed reported its biggest winfall profit this year 52 mil.

[hoodoo961]

The profits of the Fed go to the Treasury. Get a clue.

[Danotto9797]

No, they print cash out of thin air and give it to their friends

[texthit]

@hoodoo961 wow you been hoodwinked.

[hoodoo961]

I don't know why everyone is making a big deal over this. Its a straight up fact. But I guess facts are not the kind of thing people who believe in conspiracy theories are concerned with.

[texthit]

1it states in the constitution that the treasurey is the only one who has the the right to coin money. 2the profits do not go to the treasury.3 we do not appoint any of these people who run it.4 it is not federal it is about as federal as federal express and there is absolutely no reserve. nothing backs it . they print it at will with nothing to back it up.

[hoodoo961]

Congress created the Federal Reserve, it is not a private company. People seem to forget that. Congress has to power over money, and it created the Fed to manage that power. And yes, the profits do go to the Treasury, thats a non-debatable fact you can learn or not, I don't care. And yes, the board of governors is appointed by the president and approved by the Senate. The "reserve" refers to the fact that banks keep a lot of their deposits on reserve with the Fed. I hope this helps.

[ibanez860]

@texthit actually most of the time they back up there printing money with the good ol' U.S. savings bond..

grandma buys you a 50$ savings bond.. she gets a piece of paper.. the treasury gets 50$.. they created an asset off printing paper... they loan off that 50$

then pay you $51.10 after 30 years of collecting dust and after theyve made 400 from ur 50... its funny how working at a bank for 5 years opened my eyes to the economy

[cris750]

They misuse american tax dollars for secret space programs and to eventually impose the cabal order desribed in the Protocols of Zion. They are funding Israel to eventually fight Iran and other threats to their alliance with some evil ETs and corporations. At first, the Protocols of Zion could not be authentic but now I am convinced it is. They are using their resources to suppress ET technology into the public also and promoting false concepts within "religions" for war.

[2br2br2]

Impeach Obama Now!!!

10 trillion dollars of taxpayers money lost into Obamas mis-leadership!

Yes we can ...Yes we can..?

Impeach this dumb yuk Obama!

[ExposingUncleSham]

Obama is the enemy yes, a puppet for international banks but not the point of attack. I suggest watching this documentary in its entirety. Its called Money Masters. Our point of attack should be S 604/HR 1207 Ron Pauls bills to audit the federal reserve, and teaching our fellow americans about our founding fathers and the time period surrounding

[JasonSUQ]

Aaaggghh. This is sooooo stupid. These dumb ass conspiracy theories are such a waste of energy. "Scevrog" and "WorkingTheTop", you're totally right. The FED earns absolutely nothing from conducting monetary policy. They change short term interest rates in an attempt to target the inflation rate, AND, act as a lender of last resort. This system has produced far far far better living standards than a hard backed currency economy.

[seveneyeddragon]

I beg to differ from that; I can see that now very little of "property" is actually owned by anyone, everyone is in debt due to the constant lending of money; there is no longer a personal wealth such as it may have been defined the 19th Century. I can see that a very large amount of americans (US) now hold their property to three mortgages or more, that is ludicrous. What better level? There is no level, just debt.

[ExposingUncleSham]

woooow that is the most insane paragraph i have ever read. LMAO i suggest you strongly re address your beliefs

[CommieNews]

"The FED earns absolutely nothing from conducting monetary policy."

[jacoff1973]

Yes, he was a terrorist to King george, but also the writer of our constitution which makes him a hero along with the rest of our great founding fathers!

[jacoff1973]

I hope we shall crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.

Thomas Jefferson

[CommieNews]

@jacoff1973 #

CommieNews

1 year ago

wow that Thomas Jefferson guy was super angry...kinda like the singer from creed. maybe TommyJefferson was a terrorist? I bet he would be considered a terrorist if he was around now. or straight gangsta, ya know...

[basiclifej]

guess what...the first chairman of the Federal Reserve Bank of New York is Pierre Jay... memeber the secret society skull and bones!!!!!

[scevrog]

Good god. The stupidity of these forums never ceases to amaze me. How is it, so many people that have no idea or no education on monetary economics watch some videos like this, and then think there is some grand conspiracy.

[davenportse3]

have you done the research... or do you just not want to believe the truth???

[scevrog]

I'm an economist. I research these thngs for a living. The truth is there is a group of people in society that don't understand events around them, and, they hold onto some simple conspiracy theory to help them understand.

I challenge anyone to give me one concrete example of how this 'privately' owned FED has persued monetary policies that a nationalized central bank chose not to pursue (bank of Canada, bank of england) that have been proven to ne deterimental to society. One example.

[CommieNews]

next time try the soup. or the kool-aid, it's to die for.

[ibanez860]

@scevrog

HOW ABOUT THIS:

the fed issues money and loans it at the discount rate to local banks...

the feds "rates" or "interest" that they choose to loan there money to private banks with are part of monetary policy.

I believe the idea of the FED issuing its money to help americas economy and help the industry and dissolve bad debt ... by issuing the money at a debt.. is a complete oxymoron.

[ibanez860]

@scevrog this has been detrimental to society in the sense that we have never really had a dollar in our hands...

when you get your 500$ paycheck and its only 350$ after taxes

when you get a 17000$ car and you really pay 23000$ for it..

who gets that interest?? isnt it the fed??

[Meanie83]

Thats totally not the point. The point is de FED has a conflict of interest. They make money on printing money. They can manipulate the economy at will, what they did in the 1920s and before that, and have done so every crisis. I might not be an economist, but I did study economy as a part of my study, and what you are saying is bullshit.

Oh, and if this was the biggest part of the conspiracy I would sleep well, but sadly it's only a very small but nevertheless important tooth on the weel.

[WorkingTheTop]

!!!Right!!! The Federal reserve gives back surplus to the government including interest. After paying expenses and dividends (usualy 6%) to banks who buy into the federal reserve in order to be part of it. These stocks are only redeemable at Par. :)  So, where the fuck is the conspiracy. And for you nerds who are smart... Read this. Page 341 is kinda the kicker. Yes im reading it all. Cause I find facts, not stupid videos.

[CinetopiaNet]

Article I, Sec. 8, Clause 5 of the Constitution empowers Congress to issue money. There has never been a legitimate reason for the government to borrow money. The government has no legitimate reason to tax wages when it can replace Fed debt "dollars" with US Notes and renewable energy credits (US RECs) issued directly to individual citizens. But who bribes puppet politicians? We need real elections and enforcement of our laws against private monopolies, bribery and terrorism. (Open Secrets)

[LeeKwangEng]

This is a prove that government is deceiving you. Still trust a big government and controlling your life, every single move are monitored. To get rid of all these, support Ron Paul.

All Ron Paul supports must read, very encouraging!

(Its about the war of delegates)

dailypaul( DOT )com /node/46535

ronpaulwarroom( DOT )com /?p=9512

Alex Jone and Richard Reeves supports the delegates war of GOP!

watch?v=DCxpdSgrO0M

Help to spread these messages, thanks

[fraMichigan]

What would Andrew Jackson do?

What's really happening??

youtube(dot)com/watch?v=2CdwtK­-FrTM

youtube(dot)com/watch?v=yE_5SC­C0sts

[CommieNews]

I always see people with their "What Would Andrew Jackson Do?" bracelets and WWAJD t-shirts, but it's always nice to see fanaticism in action. Maybe we can convince the Muslms to Jihad the Federal Reserve!

[fraMichigan]

yeah, they should bomb people like rockefeller and the CFR. :)

[HanzouMasamori]

Support the abolishment of the Federal Reserve!! Contact your local official, you can use this site's form- pretty easy and quick to do.

htt p://ww w.capwiz.c om/jbs/issues/alert/?alertid=1­0887821

[QuasiTraction]

we used to print our own fiat currency that was intrest free, called"United States Notes". It first started up during the Civil War. The last notes printed were 'series 1966' notes, and about 90% of them were $100 bills.

I have a Series 1953 $2 bill in my coin/money collection.

[verymaddog]

The FED is nos simply a ´private´ bank. It´s fully backed by political power and politicos. The left-wingers who say it´s evil because it´s private, are either clueless or highly hypocritical. I´d say it´s the latter.

[chip101010]

Well, you dumb sh_t, Enron was backed by political power, too.  Who do you think benefits from the fraud? The owners of the Fed and the politicians in their pockets?

So this is a left/right issue to you? Better find yourself a clue, and fast. Take a look at which side is more vocal about this issue.

Then look up the word hypocritical while standing in front of a mirror.

[verymaddog]

Hey motherfucker, even retarded leftists know that the fed, a central bank, is a creation of the state. Leftists actually love central banks since fiat money, created by the CB is used to 'fund' their 'social programs'.

[Fogyreef]

Ah...the shill reveals himself. Too bad you boast of it's central bank status. Not exactly a positive plug.

And as you say, only fools think the Federal Reserve is a creation of the state. At least until they do just a little research of their own and learn the truth.

Go play Left/Right distraction politics with someone your own mentality and pay grade.

When are you guys going to learn that swearing like a 12 yr old while discussing central banks does not come off as a good cover?

[tmpublicenemy]

were all sitting around talking about this shit well lets do something about.well then again i don't feel like getting my dome poped open like kennedy

[magikizdead2008]

i'm with you bro. What do you think we can do? Seriously i wanna change this corrupt shit

[ArtyAbstract]

Protest fraudulous claims that you are liable for the income tax. Quit giving them your hard earned money.

[hillerm]

The Federal Reserve is a scheme by international bankers to steal the nation's wealth and control it's debt. The key to the plan lies in inflation. The Fed prints new money, lends it to banks at a discount rate, they turn around and lend it to the public at a higher rate, and by the time the money trickles down the public, inflation has set in and it isn't worth as much as it was when the banks first got it.

[ShozenDaishi]

With the Patriot Acts, Bush has given the Executive Branch super powers over the Legislative and Judicial. These three are supposed to be balanced so we don't end up with a dictator. Don't second guess—find out about the Patriot Acts that destroy your Constitutional rights. With the next presidential candidates salivating to inherit these dictatorial powers—who do you trust?

[bio2020]

The man in the video who says the Senate passed the Act with only 3 votes is wrong? According to the Library of Congress, the Senate passed the bill with 43 yea - 25 no.

[stockonline2]

These consiracy theories are fun. Can you make up some more?

[shaggyroddy]

Fight back

Question your government

Don't Pay your taxes, they are not being used for any public services

Don,t vote for anyone who has not signed an affidavit

to bring down the federal reserve.

Wordland, you are just an uninformed fool

[shaggyroddy]

FACT:100% of all income tax collected in the US goes to pay the interest on loans made from the federal reserve

FACT: which IS a PRIVATE bank.

FACT:The US has the legal and constitutional right to print its own money interest free.

FACT: There is no law that says you have to pay income tax

FACT: The IRS is a collection agency for the FED

FACT: The lower courts consistently overrule the higher courts in matters of tax, which is Illegal.

[jameskguy]

See the documentary "Money Masters". He covers the board memebers, and how they are selected. You are missing a huge point. The private banks are killing us, when we can print money interest free. It's a scam.

[chrispyt77]

oooh! aaah! Someone said conspiracy theory - this fed stuff musn't be true. I'm gonna put my brain back in neutral now coz I'm a FRIKKIN MORON! Back to the telly.

What's on Fox tonight?

[lorax2013]

Funny and sadly true at the same time!

[chrispyt77]

Congress should audit the reserve. But, we already know that fractional reserve banking is a sham designed solely to make bankers rich. Americans - push your congressmen to close down this private scam, so that government can print its own money. A lot easier and cheaper. Jekyll island was the conspiracy. Now Americans live with the ramifications.

As does the entire world.

[mench2]

Yeah so what if the President chooses the Federal Chairman, it doesn't negate the fact that a private (for profit)organization is printing and issuing American Dollars with no gold standard backing it, therefore they have control of money flow and inflation and if that is not power over a nation than I don't know what is...

[neothomist1275]

"the president chooses the fed chairman". Presidents

are errand boy hirelings.

[Rockstar97321]

The president chooses the chairman; but the chairman is paid by the federal reserve moneychangers. The solution is simple: Start printing and stop borrowing = incredible prosperity. Jesus threw the moneychangers out of the temple; and 4 days later he was assassinated. JFK was in the process of doing the same thing just before he also met his demise.

[pazu7]

This film is spot on. The Fed is a sham and there is no law that requires American citizens to pay an income tax on labor wages. Anyone who support the Fed is an idiot and a traitor.

[Canceled]

Stupid conspiracy? If you want to debate someone, debate me on this.