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That the Federal Reserve Bank is privately owned? It is not our national bank?
I didn't understand this until a few years ago.
If you search online, you will find a lot of articles about how its regulated by congress etc, but ultimately these are who own it.
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
(Reference 14, P. 13, Reference 12, P. 152)
I've not researched who owns these banks, but the name Rothschild comes up a lot. You can read an interesting article {here}.
The Fed is a central bank and there is one in nearly every country in the world. You can see a wikipedia page {here}. The only difference is that Russia is on the wiki page but they took over the central bank in their country a few years ago.
Here in the US the Fed chair and board members are appointed by the President and confirmed by the senate.
We've had a central bank three times in our nations history. The first ones charter expired and wasn't renewed. The second one was ended by Andrew Jackson, and the third one came in in 1913 under Wilson.
There have been three presidents who have tried to end the Fed, only one succeeded.
Here is an interesting paragraph from the article linked above -
"Presidents Lincoln, Jackson, and Kennedy tried to stop this family of bankers by printing U.S. dollars without charging the taxpayers interest (Reference 4). 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. In 1992, taxpayers paid the FED banking system $286 billion in interest on debt the FED purchased by printing money virtually cost free (Reference 12, P. 265). Forty percent of our personal federal income taxes goes to pay this interest. The FED's books are not open to the public. Congress has yet to audit it. Congressman Wright Patman was Chairman of the House of Representatives Committee on Banking and Currency for 40 years. For 20 of those years, he introduced legislation to repeal the Federal Reserve Banking Act of 1913."
Basically the Fed uses the treasury to print money, and then the US buys it and has to pay it back with interest.
So when congress votes to send a billion dollars to Ukraine, for example, the money is printed (or digitally sent) and we are charged for the billion plus interest.
No congress yet has voted to audit the Federal Reserve Bank.
The Fed system can usually last about 50 years, then it begins to fail. Most often the central bankers who control the central banks, which are in nearly every country, get a war started.
This latest iteration of the central bank has been failing for years now, and without a war, we can now see it failing. In the past they could just blame it on a war, and develop a new way of doing things.
In the 1970's Nixon took us off the gold standard, due to 'speculators' in the market, but we never went back to the gold standard. Our money is not backed by anything. It is a fiat currency.
In the past they were Gold certificates or Silver certificates showing that there was gold or silver to back up the paper money.
Many think this is a conspiracy theory, but did you know the phrase conspiracy theory was coined by the c i a to deal with people who were opposed to the official narrative on JFK's death?
Over the years that phrase has been used to denigrate people and make them seem like they are crazy. However, many 'conspiracy theories' have turned out to be true. These past several years have born that out.
If you search on G**gle it will show you that this 'theory' is a conspiracy, by qanon. However if you use Ecosia search engine you'll see some other articles come up.
The Fed is failing now, our economy is headed to a depression. I hope we are able to get rid of the Fed system once again. We are in for a bumpy ride.
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