Occupy America Social Network
1) No government agency can overrule the decisions made by the Federal Reserve.
2) Along with US government appointed board of governors, the Federal Reserve consists of 12 private corporations called Federal Reserve Banks.
3) Federal Reserve shareholder names are a highly safeguarded secret. In fact, they are protected by law because the shares can’t be sold or traded. No one is allowed to know who they are and no one can find out. This includes the President of the USA.
4) When money is injected into the economy, it is created out of thin air and compound interest is charged to the US government for each dollar bill created. Shouldn’t the government create the money and make it available to the Fed at interest so they can then lend it, rather than the Fed being able to create money to loan to the government?
5) The interest on money is profit for the private banks that make up the Federal Reserve.
6) The system is called fractional reserve banking. And when integrated into the monetary system, it becomes a system of perpetual debt in that new money is always being injected into the economy, with debt attached. There is no way to ever get out of debt. It is a scam.
There was a time when US currency would be exchanged for gold or silver. The US treasury would make the exchange. Our system of money was referred to as a bimetallic standard. In 1964, our government stopped exchanging silver certificates (dollars) for silver ingots or silver dollars. In 1971, the US went off the gold standard, thus creating a purely fiat currency, a currency backed only by faith in the government’s ability to pay its debts.
7) All political parties in all western countries support usury on fiat money.
8) The mainstream media will not make usury on fiat money public knowledge. They will not bring this to the average person’s attention. This is also true in all schools, from grade school through college.
9) The governments, having the legal authority to create their own non-debt currency, have sold their populations down the river, saddling them with debt for the benefit of corporatism (fascism).
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