Century of Enslavement - History of The Federal Reserve cartel

What is money???

Disclaimer

I personally do not advocate any process or procedure contained in any of my Blogs. Information presented here is not intended to provide legal or lawful advice, nor medical advice, diagnosis, treatment, cure, or prevent any disease. Views expressed are for educational purposes only.

Origin of the Fed

The Corbett Report
July 02, 2014

What is the Federal Reserve system? How did it come into existence? Is it part of the federal government? How does it create money? Why is the public kept in the dark about these important matters? In this feature-length documentary film, The Corbett Report explores these important questions and pulls back the curtain on America's central bank.

The Federal Reserve System a.k.a. the Federal Reserve, and informally as the Fed, is the central banking system of the United States. It was created on December 23, 1913, with enactment of the Federal Reserve Act, largely in response to a series of financial panics particularly a severe panic in 1907. Over time, roles and responsibilities of the Federal Reserve System expanded and its structure evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system.

The money creation process in black and white

34:29 mins in the above video.
We are taught to think of money as pieces of paper printed in government printing presses or coins minted by government mints. While this is partially true, in this day and age the actual notes and coins circulating in the economy represent only a tiny fraction of the money in existence. Over 90% of the money supply is in fact created by private banks as loans payable back to the banks at interest.

Although this simple fact is obscured by the wizards of Wall Street and gods of money who want to make the money creation process into some special art of alchemy carefully overseen by the government, the truth is not hidden from the public.

In December 1977, the Federal Reserve Bank of New York published another of its dumbed-down, cartoon-ridden information pamphlets for the general public, attempting to explain the functions of the Federal Reserve System. Here in black and white they carefully explain the money creation process: https://files.eric.ed.gov/fulltext/ED175743.pdf

There it is, in plain English: The vast majority of money in the economy, the “checkbook” money in our accounts at the bank and that we use in our electronic transfers and digital payments, is created not by a government printing press, but by the bank itself. It is created out of thin air as debt, owed back to the bank that created it at interest. This means bank loans are not money taken from other bank depositors, but new money simply conjured into existence and placed into your account. And the bank is able to create much more money than it has cash to back up those deposits.

Video transcript and what we can do

The rest of the story is now in our hands. Once we understand the scam that has taken place, the gradual consolidation of wealth and power in the hands of an elite few banking oligarchs and growing impoverishment of the masses, all in the name of banking funny money created out of nothing and loaned to the public at interest, we can choose to get active or do nothing at all.

For those who choose to get active, there are some steps you can take to help change the course of this system: https://corbettreport.com/federalreserve/

The Creature from Jekyll Island

By G. Edward Griffin
Jan 01, 2014

‘The Creature from Jekyll Island’ book is about the most blatant scam of history.

The money magicians' secrets are unveiled, their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. This may be the most important book on world affairs you could ever read, and hopefully share the truth with others. TY! https://ia804500.us.archive.org/17/items/pdfy--Pori1NL6fKm2SnY/The%20Creature%20From%20Jekyll%20Island.pdf

Without prejudice and without recourse
Doreen Agostino
Our Greater Destiny Blog
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