The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. 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). $2. The bank keeps some of the bonds and sells, for a fee (10%), some of the bonds to the public. I spent much time researching the FED and these are the shocking and revealing conclusions. . * The authors of the Constitution understood private banks" control over governments. Janet Louise Yellen (born August 13, 1946) is an American economist who is currently a distinguished fellow at the Brookings Institution and a professor emeritus at Haas School of Business at the University of California, Berkeley.She served as the 15th chair of the Federal Reserve from 2014 to 2018, the first woman to hold the role, and was also Vice Chair from 2010 to 2014. Not surprisingly, most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). Conducting monetary policy â The Federal Reserve, through its monetary policy, strives to achieve three major objectives as laid down by Congress: maximum employment, stable prices, and low long-term interest rates. * England lost the Revolutionary War. They also say we must reach a zero state population growth. The bank pays for printing costs, ink, and paper. Forty percent of our personal federal income taxes goes to pay this interest. "The Federal Reserve Act should be repealed and the Federal Reserve banks, having violated their charters, should be liquidated immediately. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. Israel Moses Seif Banks of Italy. Again, the media remained silent. What he did not favor was the delivery of our monetary system into private hands to be run for private profit. Box 84903, Phoenix, AZ 85071 (7) "Phoenix Journal Express", P.O. The Federal Reserve Board of Governors in Washington DC. 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. Does this sound far fetched? Surveillance â¢ Conspiracy â¢ Secret Societies, Electromagnetic Pollution â¢ Radioactivity. The difference between the bond and the bill is that the bond lets money brokers collect twice the amount of the bond and an additional 20 percent, whereas the currency pays nobody but those who contribute directly in some useful way. It only requires 5% ownership to significantly influence the media (Reference 14, P. 56-57). S.E., Washington, D.C. 20003 (Newspaper) (17) "Repeal the Federal Reserve Banks" by Rev. Through "creative accounting" profit can easily be reclassified as expense (Reference 14, P. 20, Reference 17, P. 239). The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. 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." .By controlling Congress, the FED has been able to control the nominating conventions of both political parties. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. In this way, it has been able to hand-pick the presidential nominees so that no matter which party wins, their nominee for President is under definite obligations to the FED... 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