Amend The Fed

[allodial]

It might be worth pondering just who or what controls China. Also, its interesting to consider that China is a member of UN, NY. There is substantial evidence that the British were backing Japan all along during WWII in an effort to diminish the U.S.'s Naval Dominance by sinking ships.

Flag of the Republic of China



Flag of Allied / US Occupation of Japan



Note the 12 rays on the flag of the RoC. Could there be something concealed behind all of this? Could it at all be even remotely possible that China makes lots of things for the U.S. because China has long been the U.S. slave colony rather than the rising-super-power-and-rival-to-the-USA-and-Great-Britain it has seemed to be?

Current flag of the Phillipines:



The Philippines fought against Japan with the United States. The Phillipines was under open U.S. control at least from 1898 - 1946.

(november 2012) China is a colony of the USA. When talking about China-USA relations, most commentators begin by pointing out that the USA owes China a trillion dollars (not quite, but let's keep it simple). While this is technically true (China has been purchasing the debt of the USA year after year), it would help to restate it as "The USA funds China's GDP". The USA has been the main contributor to China's growth after the end of the Cold War just like it was the main contributor to Western Europe's growth and to Japan's growth after World War II. In all three cases (Western Europe, Japan, China), growth would have been much slower if the USA had not absorbed a sizeable percentage of the exports of those countries. The products in question were mostly low-tech products that the USA was happy to import instead of producing.

...

Therefore, when one looks at the money that the USA owes China, one is really looking at the "favor" that the USA is doing China. That money is the very money that keeps the Chinese economy going. The USA does this for multiple reasons (last but not least, to fund its own growth), but that's another story. So far, China has been a beneficiary of the generosity of the USA, not the other way around. Whether China's growth continues or not depends in part on its own decisions (check how Western Europe self-destroyed with its reckless policies), but also on what the USA decides to do with China. The vice versa is not true. If the economy of the USA collapses, China's economy will suffer tremendously. If the Chinese economy collapses, the only people who will notice in the USA are the ones who invested in Chinese business and in the Chinese stock market (it will certainly take a toll on the Dow Jones index).
(Source)

Diverting attention from the Federal Reserve System, perhaps consider another new (~2004 to 2008) matter pertaining to the financial freedom of Americans: the so-called Money Service Business laws (related to money laundering related laws and the US PATRIOT Act) and Sale of Checks laws. Imagine issuing a draft or a promissory note being made a felony unless you have a "banking license". Hmmmm. Such appears to have a corollary in the passage of laws against private banking in U.S. States after the U.S. Civil War.