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What is interesting about a Federal Reserve Bank?

Survey of the people! What is The Federal Reserve Bank?

  • I just recently learned about the Federal Reserve Bank and want to know if most people are misinformed about who owns and controls the Federal Reserve Banking System, Who Prints the ...show more

  • Answer:

    Since 1913 our money was no longer backed by gold and was now called " legal tender or credit." that was "barrowed" or loaned from a "Central Bank"..and income tax is used to pay off interest the government owes the bank. Basically, the Central Bank is creating more money because of the government and creating inflation and mass debt. So why doesn't the government print its own money? They say it would cause inflation. Well the the president who signed the Federal Reserve Act in 1913 was quoted on regretting ever signing it..basically saying he doomed his country into a endless pit of debt. There's no law about playing income tax but what could the IRS do to you if you don't pay?

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Most people don't think of such things. However, it is really scary to think that some privately owned mega bank creates money out of paper and ink so that our government can borrow it and pay interest. What a con game! I read a book once written by an economist that was in a European country where the currency collapsed. He said that right before the collapse that people were paid cash daily so that they could spend the money that same day before it decreased in value. Right after that their money was not worth as much as blank paper. I am not preaching doom and gloom but our country does not have a firm economic foundation. Minimize your debt. Buy a little silver and gold. And above all do not ever think that we are immune to terrible financial problems that can be much worse than now.

Moosey Flathead

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