PEOPLE AND PLACES: FEDERAL RESERVE OWNERS AND HISTORY

The Federal Reserve, or the Fed as it is lovingly called, may be one of the most mysterious entities in modern American government. Created during Wilson’s presidency to protect the economy in times of financial turmoil, its real business remains to be discovered. During the Wilson presidency, the U.S. government sanctions the creation of the Federal Reserve. Thought by many to be a government organization maintained to provide financial accountability in the event of a domestic depression, the actual business of the Fed is shrouded in secrecy. Many Americans will be shocked to discover that the principle business of the Fed is to print money from nothing, lend it to the U.S. government and charge interest on these loans. Who keeps the interest? Good question. Find out as the connective tissue between this and other top-secret international organizations is explored and exposed.

Documentary – Monopoly Men, Federal Reserve Fraud, 1999 (47 min.)

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.
To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.
The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.
The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.
A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."
The Result of the FED Audit Report Next Column.

Federal Reserve rejects request for public Audit

The institution which creates and oversees America’s currency wants to keep a “low profile,” according to a published report on Monday, and may willing to dodge the U.S. Treasury in order to do so.
According to Bloomberg News, the Federal Reserve Bank will not submit to a voluntary public study of its internal structure and methods of governance, as it was requested to do so by Treasury Secretary Timothy Geithner.
Geithner is the former New York Federal Reserve Bank

chairman. The review he requested is part of President Barack Obama’s financial regulatory reforms, which he proposed in mid-June. Part of those reforms would have studied the Fed’s “ability to accomplish its existing and proposed functions” — a proposal the bank’s board of governors appears to have flatly rejected.
“The agency also said that while the report requested by Secretary Geithner and his department has not yet been scrapped, no work has been done on the project, which is due Oct 1,” noted Reuters.
“The institution is trying to keep a low profile,” Vincent Reinhart, a former Fed monetary policy director, told Bloomberg. “To publish a report now invites comment on that report.”
And comments are the last thing the Fed wants right now.
Under fire
The Federal Reserve has been under growing political fire ever since Congressman Ron Paul (R-TX) made it a frequent target during his presidential campaign. However, Paul has been a longtime opponent of the bank, openly calling for it to be abolished and the U.S. dollar to once again be backed by gold, instead of mere faith.
“From the Great Depression, to the stagflation of the seventies, to the burst of the dotcom bubble last year, every economic downturn suffered by the country over the last 80 years can be traced to Federal Reserve policy,” Paul said in 2002, according to congressional records. “The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial ‘boom’ followed by a recession or depression when the Fed-created bubble bursts.”
His bill, House Resolution 1207, which would subject the Fed to a complete audit, has gained significant traction in the U.S. House of Representatives, with over half its members signing on in support of the move. Though mostly Republicans, a large cross-section of Democrats reached across the aisle to support the bill, and Rep. Barney Frank (D-MA), who chairs the House Financial Services Committee, recently told a town hall audience that the Fed will be subjected to a complete audit soon. He predicted the House will pass Paul’s bill — or an amalgam of it, wrapped with other regulatory reforms — “probably in October.”
“A companion bill in the Senate introduced by Sen. Bernie Sanders (I-Vt.) has 27 cosponsors,” noted The Hill.
The Fed has also come under fire for refusing to disclose which firms it paid massive bailouts to in 2008 and early 2009, amid the greatest financial crisis since the Great Depression. A particular amount of interest among lawmakers has focused on the Bank of American – Merrill Lynch & Co. merger, which the Fed facilitated.
The House Domestic Policy Subcommittee, under the leadership of Congressman Dennis Kucinich (D-OH), subpoenaed the Fed in June for records relating to the transaction. New York Attorney-General Andrew Cuomo has claimed that, in 2008, then-Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke strong-armed BofA into buying Merrill — a move that, if true, could expose Paulson and Bernanke to prosecution. That investigation is under way.
Fed Chairman Ben Bernanke “has vehemently opposed the idea [of an audit], asserting that it would lead to the politicization of monetary policy by giving Congress an easy way to second-guess any decision the Fed makes,” noted The Los Angeles Times in late August.
That specific argument — that the monetary system is endangered by closer observation of Fed actions — was discounted by Judge Loretta Preska of the Manhattan U.S. District Court, in a ruling that ordered the Fed to disclose which firms received bailout dollars.
While the Fed argued that disclosing who was bailed out on the taxpayer’s dime could be detrimental to the agency’s independence from Congress, Judge Preska wrote that the claim was based merely on “conjecture” and the court remained unconvinced because the Fed had failed to provide adequate evidence to substantiate its claims.
“[The] risk of looking weak to competitors and shareholders is an inherent risk of market participation; information tending to increase that risk does not make the information privileged or confidential,” she wrote.
Source
Federal Reserve History

Here’s a look into who was involved in setting up the Federal Reserve in 1913.
* Rothschild Banks of London and Berlin
* Lazard Brothers Bank of Paris
* Israel Moses Sieff Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Kuhn Loeb Bank of New York
* Lehman Brothers Bank of New York
* Goldman Sachs Bank of New York
* Chase Manhattan Bank of New York (Controlled By the Rockefeller Family Tree)

Charles A. Lindbergh, Sr. 1913 “When the President signs this bill, the invisible government of the monetary power will be legalized….the worst legislative crime of the ages is perpetrated by this banking and currency bill.”
A Bit of History
In August of 1929, the Fed began to tighten the money supply continually by buying more government bonds. At the same time, all the Wall Street giants of the era, including John D. Rockefeller and J.P. Morgan divested from the stockmarket and put all their assets into cash and gold.
Soon thereafter, on October 24, 1929, the large brokerages all simultaneously called in their 24 hour “call-loans.” Brokers and investors were now forced to sell their stocks at any price they could get to cover these loans. The resulting market crash on “Black Thursday” was the beginning of the Great Depression.
The Chairman of the House Banking and Currency Committee, Representative Louis T. Mc Fadden, accused the Fed and international bankers of premeditating the crash. “It was not accidental,” he declared, “it was a carefully contrived occurrence (created by international bankers) to bring about a condition of despair…so that they might emerge as rulers of us all.”
He went on to accuse European “statesmen and financiers” of creating the situation to facilitate the reacquisition of the massive amounts of gold which Europe had lost to the U.S. during WWI. In a 1999 interview, Nobel Prize winning economist and Stanford University Professor Milton Friedman stated: “The Federal Reserve definitely caused the Great Depression.”
US DECLAIRED bankruptcy
Because the government of the U.S. (a corporation) had paid its loans to the Fed with real money exchangeable for gold, it was now insolvent and could no longer retire its debt. It now had no choice but to file chapter 11. Under the Emergency Banking Act (March 9, 1933, 48 Stat.1, Public law 89-719) President Franklin Roosevelt effectively dissolved the United States Federal Government by declaring the entity bankrupt and insolvent.

There Are No Words To Describe The Following Part II

WHO IS KEEPING TRACK OF THE TRILLIONS?
The Federal Reserve Awareness Project

Related Articles

The owners of the Federal Reserve. Our ruling transatlantic elite? and how JFK challenged the Fed.

ON JUNE 4 1963, President John F. Kennedy Signed Executive Order #11110, stripping the privately-owned Federal Reserve Bank of its power to loan money to the United States Federal Government at interest.

Left: Federal reserve Note
Right: US Treasury Note
Full size later in post

With the stroke of a pen, President Kennedy declared that the privately-owned Federal Reserve Bank would soon be out of business.
~ When President Kennedy signed this Order, it returned to the Treasury Department the Constitutional power to create and issue money without going through the privately- owned Federal Reserve Bank. United States Notes were then issued as an interest-free currency.
~ President Kennedy was assassinated on November 22 1963 and the United States Notes he had issued were immediately taken out of circulation.
SEE: http://www.silverbearcafe.com/private/JFK.html
[...] Why did President Lyndon Baines Johnson not continue President Kennedy’s Executive order? Was he afraid for his own life?

While the source of this information does not come from Mainstream media, it is believable and available elsewhere on the Net, I have also seen a list of the private US banks that own the Fed, perhaps the above names are the actual people behind it all.
Yet they may not be omnipotent, the Israeli press (Ynet) is opinioning that Israel should no longer assume the US will automatically come to its aid.
No wonder Europe and the US are so close!

“United States Notes” were issued as an interest-free and debt-free currency backed by silver reserves in the U.S. Treasury. We compared a “Federal Reserve Note” issued from the private central bank of the United States (the Federal Reserve Bank a/k/a Federal Reserve System), with a “United States Note” from the U.S. Treasury issued by President Kennedy’s Executive Order. They almost look alike, except one says “Federal Reserve Note” on the top while the other says “United States Note”. Also, the Federal Reserve Note has a green seal and serial number while the United States Note has a red seal and serial number.
Source

List of failed banks and banking writedowns

Any President that Would Dare Oppose The Federal Reserve Gets Assassinated: History Lesson & JP Morgan Buyout of Bear Stearns

by Sygnus Centauri

Article Source

Somewhere in the trillionaires room of Heaven three old codgers are sitting around a table smoking cigars and chuckling over the J. P Morgan Chase & Company buyout of Bear Stearns for a paltry $2.00 a share. Not so much because the price had been over $130 a share a few weeks earlier but because the Federal Reserve Board put up $30 billion of the government’s money to guarantee the sale.

Yes, Mayer Amschel Rothschild, J. P. Morgan and John D. Rockefeller, patriarchs of three of the most powerful family fortunes in history have waited nearly two centuries to see their dreams fulfilled. Perhaps such patience is why their families have remained successful by steadfastly maintaining the rules of the game as set down by their founders.

It was 248 years ago, in 1760 that Mayer Amschel Rothschild created the House of Rothschild that was to pave the way for international banking and control of the world’s resources on a scale unparalleled and somewhat mysterious to this date. He disbursed his five sons to set up banking operations throughout Europe and the various European empires.

“Give me control of a nation’s money
and I care not who makes the laws.”
Mayer Amschel Rothschild

In time the House of Rothschild was able to take control of the Bank of France and Bank of England and relentlessly pursued an effort over two centuries to control a national bank in the USA. By 1850 it was said the Rothschild family was worth over $6 billion and owned one half of the world’s wealth.

From oil (Shell) to diamonds (DeBeers) to gold (from 1919 until 2004 a Rothschild was permanent Chairman of the London Gold Fixing committee which met twice a day in the Rothschild offices in London) the Rothschild’s quietly accumulated a foothold in critical industries and commodities throughout the world.

A master at building impenetrable walls around his family assets the current value of the Rothschild holdings are estimated to be between $100 and $300 trillion, yes that is trillion dollars! Now for a point of reference the current United States National Debt is $9.4 trillion.

J. P. Morgan began as the New York agent for his father’s business in London in 1860 and by 1877 was floating $260 million in US Bonds to save the government from an economic collapse. In 1890 he inherited the business and in 1895 bought $200 million in US Bonds with gold to again save the US economy.

“If you have to ask how much it costs,
you can’t afford it.”
J. P. Morgan

By 1912 he controlled $22 billion and had started companies such as US Steel and General Electric while he owned several railroads. Morgan was also an American agent for the House of Rothschild in London and used the Rothschild resources to help people like John D. Rockefeller.

Rockefeller, who started Standard Oil in 1863 with the help of Morgan, grew his company into the largest oil company in the world and by 1916 Rockefeller was the first billionaire in American history. In 1909 he had set up the Rockefeller Foundation with $225 million and donated nearly a billion more dollars to various causes. The Rockefeller family fortune is estimated to be around $11 trillion today.

“The way to make money is to buy
when blood is running in the streets.”
John D. Rockefeller

So what did they have in common these extraordinary capitalists? They all were dedicated to owning a national bank in America so they could determine the fiscal policies of the nation and earn interest on the debt of the nation.

Rothschild agents in 1791 formed the First Bank of the United States but intense opposition to foreign ownership by President Jefferson and others helped kill it by 1811. A Second Bank of the United States was formed in 1816 once again by Rothschild agents and this time they secured a 20-year charter. However, President Andrew Jackson was also opposed to foreign ownership and withdrew the federal deposits in 1832 as part of his plan to kill the bank charter in 1836.

An attempt to assassinate Jackson in 1834 left him wounded but more determined than ever to stop the central bank. Thirty years later President Lincoln refused to pay international bankers extremely high interest rates during the Civil War and ordered the printing of government bonds. With the help of Russian Czar Alexander II who also blocked a similar national bank from being set up in Russia by the international bankers they were able to survive the economic squeeze.

Lincoln said, “The money powers prey upon the nation in times of peace and conspire against it in times of adversity. The banking powers are more despotic than a monarchy, more insolent than autocracy, more selfish than bureaucracy. They denounce as public enemies all who question their methods or throw light upon their crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe. Corporations have been enthroned, and an era of corruption in high places will follow. The money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed.”

Both Lincoln and Alexander II were assassinated. In 1881 James Garfield became president and he was dedicated to restoring the right of the federal government to issue money like Lincoln did in the Civil War and he was also assassinated.

Finally along came 1913 and the US was again suffering from a weak economy and there was a threat of another costly war, a world war this time, and business tycoons J.P. Morgan, John D. Rockefeller and E.H. Harriman were part of a group that got Woodrow Wilson to sign into law the Federal Reserve Act creating a network of 12 privately owned banks as part of a new Federal Reserve network.

One of the largest stockholders in the new Federal Reserve was the House of Rothschild through their direct and indirect holdings. A few years later it was disclosed that the Rothschilds also owned about 20% of J. P. Morgan. In time Morgan would merge with the Chase Manhattan Bank of the Rockefellers.

Years later John F. Kennedy opposed a private national bank and was assassinated in 1963 and Ronald Reagan opposed a private national bank and in 1981 an attempt was made to assassinate him. Coincidence or not the opposition to a privately owned national bank was a common characteristic.

Which brings us full circle to the present bailout of Bear Stearns by J.P. Morgan Chase & Company and we find the Rothschild, Morgan and Rockefeller families are all conveniently part of the same group benefiting from the bailout and the $30 billion guarantee by the Federal Reserve. This is the third time the J. P. Morgan Company has come to the rescue of the American banking system and economy.

Related Articles

US Spending and Revenues 1902 to 2008

Who Benefited the most by J.F. Kennedy’s Death?

President John F.Kennedy, The Federal Reserve And Executive Order 11110

by Senator Bernie Sanders

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."
Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.
To read the GAO report, click here.

Table 31: Largest TSLF Borrowers by Total Dollar Amount of Loans (Includes TOP
Loans)
Dollars in billions
Rank Primary dealer
Total TSLF loans
(market value)
Percent of
total
1 Citigroup Global Markets Inc. $348 15.0%
2 RBS Securities Inc. 291 12.6%
3 Deutsche Bank Securities Inc. 277 11.9%
4 Credit Suisse Securities (USA) LLC 261 11.2%
5 Goldman Sachs & Co. 225 9.7%
6 Barclays Capital Inc. 187 8.0%
7 Merrill Lynch Government Securities Inc. 166 7.2%
8 UBS Securities LLC. 122 5.3%
9 Morgan Stanley & Co. Incorporated 115 4.9%
10 Banc of America Securities LLC 101 4.3%
11 Lehman Brothers Inc. 99 4.3%
12 J.P. Morgan Securities LLC 68 2.9%
13 BNP Paribas Securities Corp. 41 1.8%
14 Countrywide Securities Corporation 8 0.3%
15 HSBC Securities (USA) Inc. 4 0.2%
16 Cantor Fitzgerald & Co. 3 0.1%
17 Bear Stearns & Co., Inc. 2 0.1%
18 Dresdner Kleinwort Securities LLC 1 0.1%
Total $2,319 100.0%
Source: GAO analysis of Federal Reserve Board data.
Note: Amount shown for Banc of America Se

US Spending and Revenues 1902 to 2008

In 1915 there were no revenues from Income Tax.

Well that was because no one paid any Income Tax.

45% revenue was spent on Defense (war).

In 1916 there were Income tax revenues. I guess someone between 1915 and 1916 figured they needed to tax peoples income.

Over 47% revenue was spent on Defense (war).

It is all rather interesting to see how income Revenues and Spending compares from year to year however.

One can track the changes in social spending as well. Do visit the Source, you will find it all rather interesting.

IN 2008

Amounts in $ billion

About one quarter of the Budget is Spent on Defense ( War) 728.7,

Add that to interest paid 243.9 on money that was borrowed.

War + Interest = about one third of the spending.

Total spending is 2,931.2

Revenue however is only 2,521.2

They are of course spending more then they receive in Revenue, as a result are running a deficit, meaning they will have to borrow money to cover their spending.

This means also more interest will have to be paid the following year or years.

This adds to the Debt for future generations.

Go to source for 1902 to 2008 and see how things have changed over the years.

Source

Who they have borrowed money from?

Who do the American people owe?

Foreign owners of US Treasury Securities (April 2008) Nation (in billions of dollars) are

Japan 592.2

Mainland China 502

United Kingdom 251.4

Oil exporters 153.9

Brazil 149.5

Caribbean banking centers 115.4

Luxembourg 84.8

Hong Kong 63.1

Russia 60.2

Norway 45.3

Germany 44

Republic of China (Taiwan) 42.6

Switzerland 42.5

South Korea 40.5

Mexico 38

Singapore 33.3

Turkey 31.1

Thailand 27.9

Canada 24

Ireland 18.5

Netherlands 15.5

Sweden 13.1

Egypt 12.7

Belgium 12.5

Poland 12.5

Italy 10.6

India 10.5

All other 154.2

Grand Total 2,601.8 =About 25 %

Source

Other creditors include

Venezuela,

Indonesia,

Iran,

Iraq,

Saudi Arabia,

The United Arab Emirates,

Libya

Nigeria.

Source

About 52% is the privately owned Federal Reserve

What is interesting about this, Bush is working on convincing Americans to go to war with some of the very people that have lent the US money. Now isn’t that SPECIAL??

Now if you look at this way, it is a bit easier to understand. I like to simplify things. Sometimes when you simplify it is easier to grasp the concept of a senerio.

So you lend your neighbor money, then he bad mouths you to all the other neighbor, then comes and blows your house up.

He kills your wife, kids, aunts uncles, cousins. grandparents and a few of your friends.

Then says he did it to rescue them, from the mean nasty father namely you.

Of course what the rest of the neighbors didn’t know,

You were nice enough to lend the murder money.

They actually thought he the murder was a nice guy.

He sure could BS his way into their hearts and minds.

He even took some of the money you lent him and paid one of the other neighbors money, to help him blow up your house.

Well you know sooner or latter the rest of the neighbors will find out what he did and yes he should go to jail.

Not much of a neighbor is he. Not someone you really want as a friend.

Turns out a whole lot of other neighbors, lent him money too.

Oh yes it gets more interesting all the time.

He also went around bad mouthing them too. Well the nerve of him.

He was also trying to get some of the other neighbors, to go blow their houses up too.

What and S.O.B.

Well everyone finally had a neighborhood meeting and found out what was really going on.

They found out the murder was a drug dealing, drug doing, low life, lier.

Boy is everyone pissed off when they find out the truth.

Well wouldn’t you be a bit angry or downright furious?

Think about it?

Anyway Back to the task at hand.

The national debt equates to $30,400 per person U.S. population, or $60,100 per head of the U.S. working population, as of February 2008.

Of course now that the Bailout Bill of about 810 billion has been implemented keeping in mind &00 Billion + $110 Billion in other areas and the 612 billion for Defense Spending has been put in place that will increase substantially. More borrowing, more interest, More Debt.

This is also like dating a drug addict. They just can’t quit. Their drug of choice is War.

Now from what I understand they will to save money, cut anything but Defense spending as a matter of fact it has grown year after year and has become a staggaring burden to the American people. So if they tell you they need to cut social spending or pension plans that is pure BS if anything should be cut it would be Defense spending. War is not a nessesity.

If they try blaming their problems on the Poor which have been doing for years it is not now or ever was the poor it was always War that drove the American people into deficit and debt. Because of their war addiction they have also created poverty not only in America but in the countries they have invaded.

Because of absolute mismanagement, the American people are being driven onto the streets and becoming homeless. The middle class are becoming the poor. Children are going hungry. Innocent people are dieing due to lack of Health Care. For others their debts due to medical bills or job losses are also causing them to lose their homes.They are the new homeless folks. You could be next. You could end up on welfare. Many have because of mismanagement.

A Wee Family Tree up 1976 Really Interesting

A must to check out for sure. It is very enlightening as to who owns and controls what. They own and control even more today.

Related Articles

The owners of the Federal Reserve. Our ruling transatlantic elite? and how JFK challenged the Fed.

List of failed banks and banking writedowns

Any President that Would Dare Oppose The Federal Reserve Gets Assassinated: History Lesson & JP Morgan Buyout of Bear Stearns

Article Source

“Give me control of a nation’s money
and I care not who makes the laws.”
Mayer Amschel Rothschild

“If you have to ask how much it costs,
you can’t afford it.”
J. P. Morgan

“The way to make money is to buy
when blood is running in the streets.”
John D. Rockefeller

Related Articles

US Spending and Revenues 1902 to 2008

Who Benefited the most by J.F. Kennedy’s Death?

President John F.Kennedy, The Federal Reserve And Executive Order 11110

From September 2009

Federal Reserve rejects request for public Audit

Since our nation’s inception in 1776 – cold, cunning conspirators have sought to undermine our political sovereignty for their own personal profit. Behind a facade of corporate and congressional respectability, a cabal of ruthless men use extortion and murder to steal our nation’s wealth and turn the United States into a fascist war-machine that inexorably threatens the entire world. But now at last, the American people are rising to unmask “THE ENEMY WITHIN”!