Zeitgeist - The Movie: Federal Reserve (Part 1 of 5)
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The FED reserve is a private bank, operating outside government oversight.
It is a subsidiary of Bank of England, coincidently also a private bank.
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Bank of England has caused United Kingdom to have a 1000% debt of its GDP, making it the worlds most indebted country...Its only a matter of time before the FED puts USA in the same situation, because thats the purpose of a private central bank - create debt to guarantee permament income from the state.
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@syntaxed2 This movie is not based in fact. You don't have to acknowledge the truth, that's your choice. And please I beg you, name some of the intelligent people that have examined this movie and agreed with it's views about how the FED operates.
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@illahham stop trolling and stop spewing lies about a movie series that has been examined by far smarter people than yourself.
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The FED can't print money. The Treasury prints money. The FED uses its regional banks to assess how much money is needed by the public. The FED then suggests those figures to Congress in order for the Treasury to print it, the FED then distributes it. Fractional reserve banking would exist without a FED. The FED is in place to regulate it so bank runs are avoided. Ever heard of the free banking era? When we didn't have unified currency or a central bank; banks had an average life of 5 years.
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@TheAnimatedude Have you ever heard of the commerce clause? or the enumerated powers? I hope so, if you claim to be for the constitution.
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@bartofilms Fractional banking didn't come about when the FED was created. You didn't pay much attention in Economics I guess. E.O. 11110 gave the FED power to issue small denomination notes or silver certificates. If he wanted to get rid of or limit the FEDs power, why would he give it more power?
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@syntaxed2 lol those are all lies. The FED is not a private company
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@TheAnimatedude I love how this gets so many thumbs up, but it's filled with lies. The FED can't print money and must ultimately answer to congress. The board of governors, the ones who make the FEDs decisions are appointed by the president and must be approved by congress. The FED is not the root of the problem, the people we elect are.
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Ron Paul!
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if it was so secret this wouldnt be up...unless its part of their agenda to rile ppl up
Ron Paul 2012!!!
TheExplorerII 2 weeks ago 34
The Federal Reserve is an unconstitutional, illegal banking privately owned by the largest banking cartels in the world.
The Federal Reserve is above the law. They aren't required to disclose their finances to Congress. They can print and loan money(with interest) to any foreign governments/financial institutions/banks as they wish. In 1913, the Income Tax(IRS) was creating in the same year the FED was chartered to pay for its interests(since Congress loves borrowing and spending money.)
TheAnimatedude 1 week ago 14