* The authors of the Constitution understood private banks" control over governments. And if all goes accordingly, President Trump will have control of six or even seven seats on the Federal Reserve Board by the summer of 2018. The FED operates exactly like this today. Michelle Bowman, governor, age 50 If you could accurately predict future interest rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. Learn more about the Econ Lowdown Teacher Portal and watch a tutorial on how to use our online learning resources. For 12 years he served as Chairman of the Committee on Banking and Currency, making him one of the foremost financial authorities in America. When the FOMC meets, all seven governors and 12 district presidents convene, but only the seven governors and five of the 12 Federal Reserve Bank presidents have the right to vote. 163,500 ounces of American Gold Eagles in all sizes were sold in January, but only 48,000 oz in February. It stated we are one world and America shall become a nation-state under one government. 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. "We the People" have pushed the following states to pass or introduce legislation calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. Congress can send signals, threatening to pass legislation or making it known that Congress is unhappy about a particular decision. Congress can alter the statutes governing the Fed. ", Brookings Institution. Matter (s) considered: Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks. Lincoln balked at their demands because he didn't want to plunge the nation into such a huge debt. The U.K. is the third-largest holder with $645.8 billion. None of those five positions has yet been confirmed. (Reference 17, P. 82, 83 for court records) The FED violates Security & Exchange Commission (SEC) rules. Box 986, Tehachap, CA 93581 (8) $16 trillion in government and private debt, much of which the FED printed and collected interest on (Reference 3) (9) Northpoint Tactical Team, P.O. ", Board of Governors of the Federal Reserve System. Every year Congress introduces legislation to audit the FED, and every year it is defeated. Waller served as executive vice president and director of research at the Federal Reserve Bank of St. Louis from 2009 to 2020. Rep. McFadden asked. To pay for this deficit, the federal government borrows money by selling marketable securities such as . In 1835, Andrew Jackson paid off all of the national interest-bearing debt. These same bankers created a number of American depressions to change the U.S. legislation and seize our wealth. I get this one a lot so it's worth some detailed explanation. Read more: How the Stock Market & U.S. Household Income Diverged After the 2008 Crash. In addition, though the Congress sets the goals for monetary policy, decisions of the Boardand the Fed's monetary policy-setting body, the Federal Open Market Committeeabout how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government. The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. Member banks hold stock in the Federal Reserve Banks and earn dividends. money from federal income tax), a budget deficit results. 1 institution on the roster, held 87.9 million New York Federal Reserve Bank shares - or 42.8 percent of the total. "The Chicago casino is the only remaining growth project spanning into 2026," JMP Securities gaming analyst Jordan Bender wrote in a research note last . The CFR publishes a magazine called "Foreign Affairs." 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." In 1974, Congress issued a report stating that the Chase Manhattan Bank's stake in CBS rose to 14.1% and NBC to 4.5% (through RCA, the parent company of NBC). Other holders of the public debt include insurance companies, U.S. savings bonds, private pension funds, and other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors. At the July 2021 meeting, the FOMC set a goal of increasing Treasury Department's securities by $80 billion monthly. This Executive Order called for the issuance of new currency - the United States Note. "The Fed Explained: What the Central Bank Does," Page 1. In return, they can borrow from each other at the fed funds rate when needed. It required the Government Accountability Office (GAO) to audit the emergency loans the Fedmade during the2008 financial crisis. (For additional information on a cashless society, read Reference 13, P. 174; Reference 3; Reference 14, P. 9-12; Reference 15, P. 136; Reference 25, P. 216). The pace of economic growth may be slowed by . From March 2020 through June 2021, the Federal Reserve increased its agency MBS holdings from $1.4 trillion to $2.3 trillion. Thats the temptation. Congress last adjusted the boards salaries in 2019, setting the chairs annual pay at $203,500 and $183,100 for the other governors. Maintains the stability of America's financial system. If all governors finished out their terms, the current board would contain members nominated by President George W. Bush. IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. Nearly every major newscaster belongs to the Council on Foreign Relations. Congressional records prove that FED bankers routinely hold secret meetings to profit by manipulating the stock market via interest rates and the amount of money they create. Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. By controlling our own money, Thomas Jefferson expected that the government would incur no debt, as had occurred in the European system. He said: "When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." The issuing power (of money)," he said, "should be taken from the banks and restored to the people to whom it properly belongs." Posted on: Nov 25, 2019. What does it mean that the Federal Reserve is "independent within the government"? The same bankers who own the FED control the media and give huge political contributions to sympathetic members of Congress (Reference 12, P. 155-163, Reference 22, P. 158, 159, 166). The greater part of our monetary stock has been shipped to foreigners. (Reference 1, P. 46) The FED is owned largely by foreign banks that control our economy and Congress through the power of money and the media which they bought with profits generated with profits generated by artificial debt. As such, they must maintainreserve requirements. . Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. 5 Things You May Not Know About Jerome Powell, Chair of the U.S. Federal Reserve, How the Stock Market & U.S. Household Income Diverged After the 2008 Crash, Watch 2021s 10 Most-Streamed New FRONTLINE Documentaries. The most powerful monopoly in the United States today is the Federal Reserve. Others leave the board to go into the private sector. Third, the Federal Open Market Committee (FOMC) publishes a statement after each meeting. These pay out dividends, mandated by law to be 6%. Today, if the government runs a deficit, the FED prints dollars through the U.S. Treasury, buys the debt, and the dollars are circulated into the economy. The FED buys U.S. debt with money they printed from nothing, then charges the U.S. taxpayers interest. 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. Furthermore, they plan to create a one world government through the United Nations headed by the FED, Trilaterals, and the Council on Foreign Relations (Reference 3). "Quantitative Easing Kept the Foreclosure Crisis From Being Even Worse. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913. ", Board of Governors of the Federal Reserve System. There are two kinds of national debt: intragovernmental and public. Congressman Henry Gonzales, Chairman of a banking committee, introduces legislation to repeal the Federal Reserve Banking Act of 1913 nearly every year. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. U.S. Debt to China: How Much Is It, and Why? Box . Bad economies usually hurt both workers and investors. The Board of Governors supervises those 12 districts, deciding, for example, if two commercial banks can merge; if a bank can open up a new line of business; and how much money commercial banks should keep in their reserves to maintain a healthy economy. The Board also makes public the System's independently audited financial statements, along with minutes from the FOMC meetings. It must also clearly communicate its reasons for its actions. The Federal Reserve has been a ball on a chain on the American public, creating debt and stringent regulation on the nation. "Federal Reserve Issues FOMC Statement: March 15, 2020. Monetary Policy and the Federal Reserve: Current Policy and Conditions, Quantitative Easing Kept the Foreclosure Crisis From Being Even Worse. They redeem their Treasury notes for funds as needed. Later he said "If the American people only understood the rank injustice of our money and banking system - there would be a revolution before morning" (Reference 4). 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. (26) "Operation Vampire Killer 2000", highly recommended book. When the U.S. government spends more than it receives in tax revenues, it has a budget deficit, which must be met by borrowing more money, which further adds to the debt. $12.00 (6) "Insider Report", P.O. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. Social Security, by a long shot. In a republic, banks would lend money but could not create or manufacture it. THE FED FEARS THE POPULATION WILL BECOME AWARE OF THIS FRAUD AND DEMAND CHANGE Rep. Louis T. McFadden (R. Pa.) rose from office boy to become cashier and then President of the First National Bank in Canton Ohio. (Reference 5, P. 33) Robert H. Hemphill (Credit Manager, Federal Reserve Bank in Atlanta): "We are completely dependent on the commercial banks. Harpers magazine called this the most powerful organization in the United States. Thomas Jefferson predicted this scenario if we ever allowed a private bank, like the FED, to create our currency (Reference 1, P. 247). Learn how the Federal Reserve works, who actually owns it, and how they are held accountable. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. By . The U.S. national debt is the sum of public debt that is held by other countries, the Federal Reserve, mutual funds, and other entities and individuals, as well as intragovernmental holdings held by Social Security, Military Retirement Fund, Medicare, and other retirement funds. Biden also announced three new nominees to the Fed board Sarah Bloom Raskin, for vice chair of supervision, and Lisa Cook and Philip Jefferson as governors following the resignations of Randal Quarles in November and Richard Clarida in January. Is the Federal Reserve accountable to anyone? Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. (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). "Debt to the Penny.". On June 4, 1964, President Kennedy issued Executive Order 11110. Its hard to know when or if a potential governor turns down a nomination, but some appointees have been rejected by the Senate. The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron . Someone has to borrow every dollar we have in circulation, cash, or credit. USAFacts crunched the numbers from the Federal Reserve's Survey of Consumer Finances conducted in 2019 and they show that stocks are favored by the white and wealthy. Box 986, Ft. Collins, CO 80522 (Book) States attempt to abolish the FED. Read more about recent ethics changes at the Fed. Box 8712, Phoenix, AZ 85066 This is a must read book with quotes from well known people. Infrastructures, International Standards for Financial Market Chart 1 presents the Federal Reserve's monthly gross purchases of agency MBS over the past decade and the MBS current coupon spread, or the yield consistent with a par value security, less the average of the five-year . Interest on the National Debt and How It Affects You, US Debt by President: By Dollar and Percentage, US Budget Deficit by Year Compared to GDP, the National Debt, and Events, What You Need To Know About the Federal Open Market Committee Meeting, Fed Tapering and Its Impact on the Markets, Debt Ceiling Debacle Could Double Unemployment, Monthly Treasury Statement: For Fiscal Year 2021 Through December 31, 2022, and Other Periods, Assets: Securities Held Outright: U.S. Treasury Securities: All: Wednesday Level (TREAST), Federal Reserve Issues FOMC Statement: March 15, 2020, Credit and Liquidity Programs and the Balance Sheet: Recent Balance Sheet Trends, Major Foreign Holders of Treasury Securities, Chinas Holdings of U.S. Securities: Implications for the U.S. Economy. (Reference 4) Congresspeople have referred to Federal Reserve Notes as "FIAT" (no- backing) money. Casimir Frank Gierut (18) The Constitution of the United States (19) "Walls in Our Minds" by M.J. Red Beckman, Common Sense Press, P.O. Lincoln said "We gave the people of this Republic the greatest blessing they ever had - their own paper money to pay their debts" Lincoln printed over 400 million "Greenbacks" (debt and interest-free) and paid the soldiers, U.S. government employees, and bought war supplies. The Fed can best guide expectations if it is transparent about its actions. Find out in the 2015 documentary Outbreak, newly available to stream on FRONTLINEs YouTube channel. British bankers have stated "Those that create and issue money and credit direct the policies of government and hold in their hands the destiny of the people". In other words, by Congress allowing the constitutionally illegal FED to continue, much of your taxes go to the shareholders of the FED and their bankers. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. Jerome Powell, Chair, Board of Governors of the Federal Reserve speaks to guests during a conference at the Federal Reserve Bank of Chicago, June 4, 2019. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress. It has a variety of tools to accomplish that. The Federal Reserve actually tripled its holdings between 2007 and 2014. What does the Fed board do? Congress and the IRS do not have access to the financial records of the FED. To control the media, FED bankers call in their loans if the media disagrees with them (Reference 25, P. 134-137). Explaining the Rise in Inequality During the Pandemic. . Get elected and be a millionaire if you vote right. The same report said that the Chase Manhattan Bank held stock in 28 broadcasting firms. But the banks must return all profits, after paying expenses, to the U.S. Treasury. The Boardappointed by the President and confirmed by the Senateprovides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. Here are highlights from the March 2021 report (September 2020 data unless indicated otherwise): Foreign: $7.07 trillion (in September 2020, Japan owned $1.28 trillion, and China owned $1.06 trillion of U.S. debt, which is more than a third of foreign holdings) Federal Reserve and government: $10.81 trillion (December 2020) Mutual funds: $3.5 . The media makes us think the U.N. has all the answers, and to "think globally." . Over the two-month period of March and April, the US government increased its debt by $1.56 trillion (most of it in April); and over the same two-month period, the Fed bought $1.56 trillion in Treasury securities (most of it in March) and thereby monetized 100% of the additional pile of debt during the two-month period. Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Last Update: Mike Gill Turned Down $50 Million in Hush Money to Expose Criminal Cartel that Owns the World. ", Time Magazine. 1. Branches and Agencies of On the position of chair, David Wessel, head of the Brookings Institutes Hutchins Center on Fiscal and Monetary Policy, said, His legal power is somewhat limited, but his actual power, in fact, is very strong, because what the chairman says usually prevails. (Read more about Jerome Powell, the current chair.). In the last 12 months, the Fed has doubled its holdings of Treasuries, adding a staggering $2.4 trillion in US government bonds to its balance sheet - most of that since March. Box 341, Malverne, LI 11565 (25) "The New World Order" by Pat Robertson. China replaced the U.K. as the second-largest foreign holder in 2006 when it increased its holdings to $699 billion. This money has created our inflation. According to data from the Federal Reserve, in 1990, white households owned 90.7% of household wealth in the United States, whereas Black households owned 3.8% and Hispanic households owned 2.1%.These numbers have changed little over the past 30 years, with white households now owning 85.5% of wealth in 2019, and Black households owning 4.2% and Hispanic . It does all this by wrecking the purchasing power of the dollar; by subtly stealing from the people of this country what it thus provides for the government, through a process exactly on par with the coin clipping of ancient kings but much less visible." If you were to add the debt held by Social Security and all the retirement and pension funds, almost half of the U.S. Treasury debt is held in trust for retirement. The IMF and World Bank were central to this "new world order", writes Dean Henderson at The Herland Report and Free21. "Monetary Policy and the Federal Reserve: Current Policy and Conditions," Pages 6-7. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress. Congressional Research Service. Member banks also elect six of the nine members of each Bank's board of directors. SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the fourth quarter and fiscal year 2022. When the economy grows too rapidly, the Fed hikes interest rates to prevent inflation. "The History of the Debt.". President Lincoln needed money to finance the Civil War, and the international bankers offered him loans at 24-36% interest. By the way, the profit of the FED is not taxed either (Reference 1, 9). Under the Federal Reserve Bank Act, the bankers control our economy. In a given fiscal year (FY), when spending (ex. 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." Terms, Statistics Reported by Banks and Other Financial Firms in the Abraham Lincoln refused and the South accepted. For the positions of chair and vice chair, terms are four years. What Could It Mean for Inflation? 1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds. June 2, 2021; The Federal Reserve's first-ever foray into the corporate bond market will come to a final close in coming months, with the central bank announcing Wednesday that it will sell off . Lincoln approached Congress about passing a law to authorize the printing of U.S. Treasury Notes. This createsdeflation. Meaning, whatever the . Ben Franklin said in his autobiography that the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was [one of] the PRIME reason[s] for the Revolutionary War. Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market Its job is to promote employment and to keep inflation in check, primarily by raising and lowering short-term interest rates. Maintaining banking payment and transaction systems. Theres currently one open seat on the board of governors; Quarles could occupy it when his term as vice chair of supervision ends in October. This data moved permanently on June 10 th to FiscalData.Treasury.gov where it is available for download in multiple machine-readable formats with complete metadata! Not surprisingly, most of these candidates are elected (Reference 1, P. 208-210, Reference 12, P. 235, Reference 14, P. 36). Box 550, South Holland, IL 60473. The U.S. Treasury publishes this information in its monthly Treasury statement. All members of the board, or governors, also have a permanent seat on the FOMC, the body that sets U.S. monetary policy: raising or lowering interest rates, and deciding when to buy bonds from commercial banks, companies or other financial institutions. We are seeking a Logistics Management Specialist to join our team supporting USARC C4IM /ITES-3S-385538 in Fort Bragg, NC. He is a professor of economics and has raised more than $4.5 billion in investment capital. They argued that theFed was just printing money. The public holds over $24.53 trillion of the national debt, as of January 2023. Again, the media remained silent. Continue to track the Federal Reserve's assets and the US' economic recovery at the USAFacts Economic Recovery Hub. When economic growth is slow, the Fed adjusts its policy accordingly and lowers the target interest rate, which in turn spurs Americans to borrow credit at a cheaper rate. Figures are as of April 2021 and do not include the International Monetary Fund (IMF) as a country, or else it would hold the number three spot with 2,814 tonnes. Now the FED receives less interest income and less profit for the U.S. Treasury because the money is diverted to other banks through an accounting entry (Reference 17, P. 115-130). Federal Reserve Bank of St. Louis. HOUSTON, Feb. 28, 2023 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the three and twelve months ended December 31, 2022. Trump will own the Fed. (Reference 4) If you will take the time to read the reference material listed which has been researched by Professors of Universities, Congresspeople, etc, you will turn up information that might frighten you. 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