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Federal Reserve Ponzi Scheme CEPersVid 38

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Published on Aug 31, 2010

"The Secret of Oz" is among the top films you should view. In my 11-minute video I set forth some of the most important facts to be gleaned from the movie, and then explain what can be done at the state and local level to work around the Federal Reserve Ponzi Scheme. The Federal Reserve is privately owned by the major banks and is in control of the nation's money supply. The Federal Reserve can and does create recessions and depressions by this control of money, such as the state of the economy now existing, which is a period for the rich to buy up the nation's assets for a pittance through foreclosures. The U.S. government, to pay its own bills, borrows money from the Federal Reserve (meaning, Chase, BOA, Citibank, and other major banks) and pays interest on the national debt to these banks (even on the trillion dollars recently given to these banks). The film points out that there is no need at all for this, which is no more than a Ponzi scheme, requiring more and more debt to finance paying interest by the U.S. on its outstanding debt. Instead, as Lincoln and Kennedy both started to do (before being assassinated, probably no coincidence) the U.S. Government should issue money directly, which would not require interest payments and would not be debt of the U.S. Government. Most importantly, money does not have to be based on precious metals. This is useful only for the owners of the precious metals and gives them a near monopoly on the money of a nation. Money to be accepted as legal tender could be wooden sticks (called Tally Sticks, used in England successfully for 726 years). The quantity of whatever is used as money needs to be controlled, and counterfeiting needs to be prevented. As a workaround, states should create a state bank similar to the North Dakota State Bank, to be able to have the State create money for its communities rather than to rely upon the machinations of the Federal Reserve. Sources: The Secret of Oz: youtube.com/watch?v=D22TlYA8F2E
carlperson4NYAG.com, www.john-f-kennedy.net/thefederalreserve.htm, www.banknd.nd.gov/ also go to www.wtv-zone.com/Mary/BIGGESTSCAMINHISTORY.HTML

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