Is the Federal Reserve accountable to anyone? We give the bank cash interest-free, then they charge us interest on our own currency. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. IT MAKES AND BREAKS GOVERNMENTS AT WILL. The banks are jointly responsible for implementing the monetary policy set forth by the Federal Open Market Committee, â¦ In a bold, emergency action to support the economy during the coronavirus pandemic, the Federal Reserve on Sunday announced it would cut its target interest rate near zero. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Again, the media is pushing to eliminate guns. The FED announced publicly that their first objective was to get nationalism out of the American people's heads because patriotism to a country would not be of value in the future. (21) "New World Order: The Ancient Plan of Secret Societies" by William T. Still (22) "The Secrets of the Federal Reserve" by Mullins (23) "The Social Security & Pension Conspiracy" by Metz (24) "The History of the Federal Reserve. One term begins every two years, on February 1 of even-numbered years. Additionally, the FED started buying up the media in the 1930's and now owns or significantly influences most of it Reference 3, 10, 11, P. 145). Casimir F. Gierut (13) "Dark Secrets of the New Age" by Texe Marrs (14) "En Route to Global Occupation" by Gary H. Kah (15) "One World" by John Amkerberg & John Weldon (16) "The Spotlight", Liberty Lobby, 300 Independence Ave. The following are portions of Rep. McFadden's speech, quoted from the Congressional Record, pages 12595-12603: "THE FEDERAL RESERVE BOARD, A GOVERNMENT BOARD, HAS CHEATED THE GOVERNMENT OF THE UNITED STATES AND THE PEOPLE OF THE UNITED STATES OUT OF ENOUGH MONEY TO PAY THE NATIONAL DEBT. Upon Kennedy's assassination, this currency was withdrawn from circulation, never to be issued again. When the President [Wilson] signs this bill, the invisible government of the Monetary Power will be legalized... the worst legislative crime of the ages, perpetuated by this banking and currency bill." (Reference 1, P. 215) Later, Jefferson used stronger language and denounced the institution as "one of the most deadly hostilities against the principles and form of our Constitution." The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. Jerome Daly was found innocent. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Last Update: Who actually owns the Federal Reserve Central Banks? This means you lose your rights under the Constitution and Bill of Rights. The issuing power (of money)," he said, "should be taken from the banks and restored to the people to whom it properly belongs." The current chairman is Jerome Powell, a Fed board member. (Quoted in Reference 4) Thomas Jefferson stated, "If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered." Does the Federal Reserve ever get audited? Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). Federal Reserve Board issues interim final rule regarding dividend payments on Reserve Bank capital stock, The Federal Reserve System: Purposes and Functions. Again, the media remained silent. This money has created our inflation. Congress has yet to audit it. When elected, Wilson passed the FED. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. FED Chairman Burns states "[A] Killing can be made simply by knowing the next few months newspapers ahead of time." The Board—appointed by the President and confirmed by the Senate—provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. Furthermore, the bank had gained interlocking directorates with ABC. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). ï»¿ ï»¿ There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. No Constitutional republic can function when the government's money powers are in the hands of the financial oligarchy such as New York financiers. A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. Bankers are now pushing for a one world government and a cashless society. As the nation's central bank, the Federal Reserve is in charge of the country's credit. (Reference 4) The late Thomas A Edison explained the matter of issuing currency this way: "If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). . . Read it if you want to know what is going to happen in coming years. Reserve Banks are the operating arms of the central bank. $6.00 ($8.00 for 2) from ACLA, P.O. Section 7 of the Federal Reserve Act, passed December 23, 1913, states that much of the profit of the FED should flow into the U.S. Treasury. The American Revolution was a struggle to wrest control of wealth from the Bank of England and to restore the centers of power to the People where it "properly belongs." FED bankers also profit greatly from economic disasters like the Depression (Reference 22, P. 56). Nearly every major newscaster belongs to the Council on Foreign Relations. It's always defeated, the media remains silent, and the public never learns the truth. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. "Our people's money to the extent of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve banks.