With My Mind on My Money and My Money on My Mind

Like Snoop Dogg, I’ve been wondering about those trillions of dollars the Federal Reserve Bank has been lending to our government. Thanks to the internet, I found out that the Federal Reserve Bank is not federal, it is not a bank and there are no reserves. It’s just a clever name given to a private entity to make it sound like we own it, that it has money and that it is a part of our government.

There’s more. The so-called Federal Reserve Bank is allowed to lend us money by simply printing bonds. From those bonds, born from thin air, this fake bank can charge us interest without paying tax on the earned income. What a marvelous deal for its owners.

So who are the owners of this Federal Reserve Bank as it is called? Why, it’s the owners of the biggest U.S. and European banks.

The Federal Reserve System Is Not A Government Agency. It’s A Privately Owned Cartel of Powerful Banks Protected By Law

Most U.S. citizens falsely believe the Federal Reserve System is a function of government and subject to its control. It’s not true. The Fed is often referred to as a quasi-governmental, decentralized central bank, but that’s just cover to disguise what, in fact, it really is: a privately held and operated cartel made to look like the government is in charge. The fact that it’s chairman is appointed by the President makes it look as though it is a Federal agency, but that’s just a cover.

The profits from owning a monopoly like the Fed are enormous. Plus the owners of the Fed get to dictate interest rates, which banks will survive abuse of power, how much money can be lent for any purpose including continuous war and which banks should not get enough money so they collapse and their business can be taken over.

It is in the Federal Reserve Bank’s best interest to cause U.S. citizens to borrow as much money as possible because bank owners’ profits grow. Therefore, The Fed eagerly supports every spending bill and encourages massive deficits. Think of it, at today’s low interest rates the Fed cartel earned an incredible $412 Billion in fiscal year 2008. That is more than $1 Billion per day or $777,777 per minute. Nice income if you can get it. And they do, they get it from your income tax and your Social Security payments.

The interest bill due for 2009 and 2010 will grow radically. The current debt is $11.8 Trillion. Just so we know how much a trillion is, consider that one million seconds is 11 days from now, but one trillion seconds is more than 31,688 years from now. Yes years, that is not a typo.

Where do these bankers spend all that money? Here’s one item: The gas tank on the 212-foot motor yacht Amels Limited Edition holds about 41,000 gallons of fuel, so when you pull up to the pump with your boat the “Dumb Luck” and say “Fill’er up!” you’ll be writing a check for a cool $184,500.00. With toys like a yacht, a jet airliner conversion and a few city-hopper prop planes & helicopters, several mansions here and there, a few Maybachs and Bentleys; pretty soon you need a strong solid income. Nothing beats a banking cartel for steady cash flow without threat.

Until now that is. This Saturday at the Fargo Theatre, two authors of books about the Federal Reserve Bank cartel will appear from 1-5 p.m. to talk about the Federal Reserve Bank and what we can do about it. It’s a rare opportunity to see, in person, knowledgeable people discussing something that never appears in the history books or on television: the Federal Reserve Bank and how it rules your life by controlling your money. The Godfather of the Rothschild banking family, Mayer Amschel Rothschild said, “Give me control of a nation’s money, and I care not who makes its rules.”

Summit sponsor Renae Mitchell says, “This event is designed for people who are looking for answers as to what caused our nation’s crisis. It will be presented in a fashion that will be educational, motivating and most importantly, without the usual partisan spin. Unfortunately, the inflation tax that is created by the Fed’s creation of money and credit out of thin air, does not discriminate against one party or another. The poor and middle class are all subject to this tax, which is the most evil and destructive of all taxes combined.”

So, are you ready to learn about how we can take our country back from greedy and powerful people who are not interested in our welfare but only their own? Then I invite you to come to the Fargo Theater on Saturday, September 12, 2009 to learn what you can do the change our world for the better and get us out of this destructive spiral of debt. In a few short years we’ve gone from “The World’s Greatest Superpower” to “The World’s Greatest Super Debtor”. The sooner we shrug off the yoke of debt the better off we’ll be.

Please visit http://www.economicrealitysummit.com for more details.

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