|Dec. 23, 1913 - President Wilson Condemns the Nation to a Century of Serfdom|
100 years ago to the day, this nation was sold out, to a group of usurious Banksters and their cronies. The Federal Reserve Act was the result of a previous secret meeting on the privately owned Jekyll Island off the coast of Georgia, to figure out the best way to institute a
100 years ago to the day, the Federal Reserve Act was signed into law and the former Republic was Incorporated into the largest Company Store the world has ever known.
No wonder THEY recently decided to release a new-look, up to date, hard to counterfeit, new $100 Scrip Wage C-note.
Not too many instances in history in which an exclusive, privately owned cartel, gets to commemorate 100 years of enjoying the establishment of a fractional-reserve, fiat currency-based, usury cartel to turn an entire nation into debt-driven consumers and tax slaves.
What's that you say? The Fed is not privately owned? It's a "Quasi-Governmental Agency?"
Check your facts:
Q: Who owns the Federal Reserve Bank?
A: There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don’t necessarily run the show.
Whoever "runs the show" is not the point. Many businesses have owners who don't "run the show." They just harvest the profits from operation.
The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.
Federal Reserve stockholders hold a unique certificate of membership to an exclusive cartel. And that cartel's primary practice is indentured servitude of the masses via usury.
As the Federal Reserve Board website states (not directly linking to that fiendish corporate whores of the usury cartel - http://federalreserve.gov/generalinfo/faq/faqfrs.htm#5):
"The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year."
Let's take a closer look at the Fed's own answer to the question, "Who owns the Federal Reserve"
"However, owning Reserve Bank stock is quite different from owning stock in a private company."
It might be "quite different" than owning stock in a private company, but the fact remains whether the stock is "different" or not, they still concede that the Federal Reserve is a privately owned central banking system.
" For example, the Reserve Banks issue shares of stock to member banks."
These shares of stocks are really nothing more then certificates that signify membership to this exclusive usury cartel.
"The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System."
No, they're operated to leverage fractional reserve money creation powers (usurped from congress) to expand the scope of usurious financing at every level of economic activity in today's Brave New World Order.
The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
Member banks that buy Fed stocks, are not buying it for shareholder property rights, nor are they doing it to realize an annual 6% return by dividend payouts. What they are doing, is paying membership dues to belong to the exclusive usury cartel that holds the monopoly on fiat currency creation out of thin air.
Ever since the Federal Reserve Act was signed into law a century ago, the United States of America has been subjugated by the tyranny of usury.
What also indeed is, in substance, a loan, especially a foreign loan? A loan is - an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 per cent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty - treble, and all the while the debt remains an unpaid debt.
On the 100th anniversary of the establishment of the Usury Cartel that holds us all in obligation to a perpetually unpaid debt, it would be good to recall the words of the man whose portrait adorns the $100 bill:
"Think what you do when you run in debt; you give to another power over your liberty."