Making Sense of the Federal Reserve

[David Merrill]

https://www.stlouisfed.org/in-plain-...-reserve-banks

This website is an interesting read.


The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?

The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans. Member banks also appoint six of the nine members of each Bank's board of directors.

If you want to understand the Federal Reserve read The Creature from Jekyll Island. Government was bankrupted via bankers wars. The government is prohibited from making pure fiat currency, so they made a deal with the creditor banks to borrow the pure fiat currency instead, giving the bankers full control of the fiat (the fed determines what is 'real' money and what is not) A mere sidestep of a constitutional prohibition (unconstitutional as hell). Though the book doesn't directly mention it, Satan is personally involved.

Some ladies at the synagogue praying for Israel tried convincing me that the CERN supercollider is a gateway for demons...

I sat quiet though. I do not feel attacking people's perceptions is productive. Rather you have explained why I never bothered with The Creature from Jekyll Island.

If you want to know about the Federal Reserve then I suggest you start by reading the Federal Reserve Act (1913). Stick to the facts. The constitutionality is determined by the courts, and albeit they might err, that is still wise and you might catch them on some of the errors. But addressing Walter's post, I have found a case about Levite (METRO) jurisdiction is very revealing (attached).

It describes the nature of the Federal Reserve to be an "instrumentality" of the United States, but only because Congress has sanctioned its corporation to be able to diminish the value of the stock shares over time. This is of course against the fundamentals of fiduciary responsibility and we find that Congress is bestowed with the power to "regulate the value of money" so to speak, paraphrasing the Constitution.

Ergo we find the primary breach of contract causing the resulting trust - and my lien on everything extending back fifteen years. Congress delegated its responsibilities to the Fed, and through mishandling the Prime Rate and printing press, has driving the value of the US Dollar beyond into the ground. But they have a plan... So it is best to study that plan instead of religious preachers.

The real key to comprehending your relationship to the Fed is to get it, that as long as you endorse private credit you are the state bank in the verbiage throughout. The stock certificates, now worth less than what it costs to print them out, are in your wallet. Make your demand, and you get out of central banking.

They shall be redeemed in lawful money on demand...


After a good cold snorkel I thought about what Michael Joseph had said about this interrogation situation. I was saying that the IRS agent/attorney was not explaining the man is in a contract - endorsement. MJ said, True, but here is a better perspective.

The man is a state bank, entrusted with private credit. He not only needs to pay a usage fee for the Fed's currency (income tax), he needs to report as trustee yearly. That is the 1040 Reporting Form. So in that sense he "informs" on himself, but the information is obligatory for using private credit from the Fed.

For more examples check out www.lawfulmoneytrust.com and you will find that there are many more useful perspectives than blaming Satan.

[walter]

Apparently the people in the painting of Woodrow Wilson signing the Fed Res Act like David Franklin Houston
5th United States Secretary of Agriculture written their own books.
And they reveal some big secretes in them but of course these books are very hard to find.

[David Merrill]

Apparently the people in the painting of Woodrow Wilson signing the Fed Res Act like David Franklin Houston
5th United States Secretary of Agriculture written their own books.
And they reveal some big secretes in them but of course these books are very hard to find.

Good Keys lead to wonderful sources...







But I must add that I have not gone to the federal repository looking for books by the others in the photo. Here is a sharper photo...




P.S. I recall collecting these photos when people were trying to convince me that WILSON had made some kind of statement or utterance that he regretted what the Fed Act has done to America. It is not in the one source book that I found cited and I doubt it was ever said by Woodrow...

[walter]

But I must add that I have not gone to the federal repository looking for books by the others in the photo.

There are heavy hitters sitting in that circle.

Houston
In 1913 Woodrow Wilson, after conferring with Edward M. House, picked Houston as secretary of agriculture. An unusual amount of agricultural legislation was passed during the seven years Houston held the office: the Smith-Lever Act (agricultural extension), the Farm Loan Act, the Warehouse Act (storage of nonperishable crops), and the Federal Aid Road Act, which for the first time established effective cooperation between the states and the federal government in the building of national highways.

During the last year of Wilson's presidency, Houston served as secretary of the treasury. He described his cabinet experience in his memoirs, Eight Years With Wilson's Cabinet, a two-volume work published in 1926.

After leaving government service Houston began a successful business career that culminated in his election in June 1930 as president of the Mutual Life Insurance Company of New York, a position he held for ten years. He was also a director of several corporations, including the American Telephone and Telegraph Company, the Guaranty Trust Company, and the United States Steel Corporation. He served as overseer of Harvard University and as a member of the board of trustees of Columbia University.