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THE FEDERAL RESERVE: A DIFFERENT VIEW

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Author: oldreb

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“What difference does an increase in the National Debt make? We owe it to ourselves.” virtually every congress-critter has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1

The medieval Rothschild Banks established a line of credit for the King provided the King issued a written promise to pay gold, with interest, to the bank at a time in the future. The book-entry Rothschild credit was used to pay for obligations incurred by the king. The credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s interest bearing promise of gold to investors. The promise was renewed by the king on its maturing date and became perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold from investors; the investors had a promise the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bankers could sell the promise and the investors did not demand the gold. 4 As Benjamin Ginsburg has lamented in FATAL EMBRACE; (bankers) AND THE STATE 5, eventually the schemes, which stole the wealth from the people with book-entry fiat money, would come to a catastrophic climax. 6

The Federal Reserve system, claimed to be “staffed and run by Council on Foreign Relations members” 7 does the same thing for the U.S. government’s deficit spending. Their wizard is hiding behind Frank Baum’s curtain as obscurant to any public inquiry.8

The Federal Reserve Bank of New York will grant credit (not “create money”) in an account of the US government with an amount that the government will pledge. 9 The government will expend the book-entry-credit account (deficit spending) to pay for goods and services consumed by the government. The suppliers are content. Evidence that the supplier has received a credit voucher is obvious. [It is touted to the public as a loan.10] The heading of the currency given to the supplier by a local commercial bank is Federal Reserve Note; i.e., a debt obligation of the Federal Reserve also identified as a “tender” (substitute) required by law to be accepted for an imprinted number of dollars. 11 More

Conservatives Successfully Conserve Massive Deficits

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WASHINGTON, D.C.—Conservatives in Congress proudly announced Monday they have achieved their goal of conserving massive budget deficits.

“These progressives want to destroy our country by getting rid of all of our traditions,” said Senate Majority Leader Mitch McConnell. “That’s why you need to vote for us conservatives—we make sure that our traditions are conserved, such as spending trillions of dollars we don’t have and expanding the size of the federal government every year.”

“American customs and traditions like an ever-expanding federal government must be protected,” said House Minority Leader Kevin McCarthy. “The progressives go a little too fast for our liking. When you vote for a Republican, you can be assured that we will hold the deficit steady at around $1 trillion per year.”

Many people have been wondering just what it is conservative politicians are supposed to be conserving, and they’re glad to finally have an answer. Some supposed that conservatives just wanted to conserve social order as manifested in traditional marriage, religion, and morals, but since they’ve been losing that battle for years, many people weren’t sure anymore.

“It’s nice to know that when I check the box with the little R next to it, I’m making sure our values, like spending trillions our grandkids are going to have to pay back, are being preserved,” said Republican voter Lila Billings from Idaho. “I’m helping!”

“From President George W. Bush to the Obama years and now the Trump regime, we’ve followed through on our promising to ABC—Always Be Conserving,” said McCarthy. “Conserving a sprawling government, reckless spending, and taxes that would have led to a revolution just 50 years ago.”

“You’re welcome.”

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FISCAL BLISS

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Olde Reb
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FISCAL BLISS*

Footnotes are available at https://www.scribd.com/document/355085824/Embezzlement-by-Federal-Reserve if they are deleted by software.
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“What difference does an increase in the National Debt make? We owe it to ourselves.” our typical congress-critter has declared. Such a paraphrased statement, reflecting on the exoskeleton structure of the Federal Reserve, ignores the inner historic mechanisms of Rothschild banking, the intense subterfuge and arm-twisting of the Fed’s creation, and the proven destructive forces inherent but hidden therein. 1

The medieval Rothschild Banks established a line of credit for the King provided the King issued a written promise to pay gold, with interest, to the bank at a time in the future. The book-entry Rothschild credit was used to pay for obligations incurred by the king and the credit continued to be circulated in the kingdom between merchants. The bankers sold the king’s interest bearing promise of gold to investors. The promise was renewed on its maturing date and was perpetually rolled-over. 2

VOILA !!! The king made the suppliers of services happy with Rothschild credit; the bankers had the gold; the public had a promise that the king would eventually pay them in gold—which would never happen. 3 Everything went smoothly as long as the bank could sell the promise and the people did not demand the gold. 4 As Benjamin Ginsburg has lamented in FATAL EMBRACE; (bankers) AND THE STATE 5, eventually the schemes, which stole the wealth from the people, would come to a catastrophic climax. 6 More

WHO BENEFITS FROM DEFICIT SPENDING ??

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 Jim Carter

Contact: ppj1@hush.com

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The government incurs a trillion dollar increase in the National Debt annually to spend money it does not have so congress-critters can fund pork barrel projects back home and get reelected. Is theft from the public by inflation for the “freebies” the end of the scam?? Not hardly.

06b0e53c-d69d-11e3-bfaa-12313d1c3a13-mediumFor congress to get the book entry money created on the government’s bank account, the Treasury Department must send a Treasury security to the FRBNY. Then the FR will honor checks on the account and the fiat money is added to the economic system (inflation occurs).

But what happens to the security received by the FRBNY (as collateral for a loan) ?? Why, the bank auctions it off to the Primary Dealers and pretends it has been done by the Treasury Department. The funds go to the FRBNY.
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RE: FUNDING OUR OWN SELF DESTRUCTION

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new-logo25Jim Carter

To contact Mr. Carter please email: ppj1@hush.com and your message will be forwarded.

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Dear congress-critter,

TRUTHOUT website documents the control Goldman Sachs has acquired over European nations by financial indebtedness using various scams resulting in imposed austerity: Infiltration of the U.S. government is also presented. Austerity  measures in the U.S. are already being discussed.
A link to an article identifying the IMF and the World Bank (operatives of Wall Street) as the largest sources of world poverty should be of interest. The IMF and World Bank rely upon the CIA to impose their exploitation upon indigenous citizens. Ref. KILLING HOPE by William Blum; CONFESSION OF an      ECONOMIC HIT MAN by John Perkins.

That the CIA is the operating arm of the Council on Foreign Relations (CFR) should be obvious. The     government has no financial gain from the above mentioned exploitation.  Numerous nefarious acts of the CIA operating against the best interests of  the U.S. including war-mongering and assassination have been alleged. The U.S. military is used to squelch any resistance. More

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