You are being ripped off in the USA.

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You are being ripped off in the USA.

Post  Albert on Sat Jan 05, 2013 10:46 pm

The big problem is the Federal Reserve Bank, which is not federal and has no reserves, and which is currently printing $85 billion/month and giving it to themselves at interest. They are spending $40 billion/month to buy mortgage backed securities, and who do they buy them from? They buy them from the banks. Who are the banks? The banks ARE the federal reserve bank. And they are buying $45 billion/month in treasury bills, which are just a loan to the govt. And who has to pay for that $85 billion/month? The taxpayers.

Our money system is a complete scam. The federal reserve is given a license to print money. They print one dollar and loan it to the treasury at, say, 10 percent interest. The taxpayers have to pay back $1.10. But there's only $1 in circulation, so the fed prints more money so that $1.10 can be paid back. If you took every dollar in circulation, you could not come close to paying off the national debt.

And thus, QE4. Previously, in QE3, the Fed vowed to buy $40 billion a month in mortgage-backed securities, and in Operation Twist, it vowed to exchange short-term Treasury securities for long-term securities. In its latest move, the Fed will now also buy $45 billion a month in long-term Treasury securities.

But, all this is no surprise. All people have to do is be aware of what the warnings were and who gave the warnings. unfortunately, we are not taught this in school. but we are taught the pledge of allegiance.

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. - Thomas Jefferson

"It is well enough that people of the nation do not understand our Banking and Monetary system, for if they did, I believe there would be a Revolution before tomorrow morning." - Henry Ford

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. - Woodrow Wilson

“Since I entered politics, I have chiefly had men's views confided to me privately. Some of the biggest men in the United States —in the fields of commerce and manufacturing—are afraid of somebody. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” - Woodrow Wilson


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