Quote:
Originally Posted by DTK
Yes it is, at least in a sense. A private organization - which is neither federal nor really a bank - controls the money supply.
"Let me issue and control a nation's money and I care not who writes the laws."
Mayer Amschel Rothschild, 1790
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So yeah, when you have an organization that at least 90% of the population believes is a governmental office working on behalf of the people and that's not the case, well yes i think you can call that a scam.
"From now on, depressions will be scientifically created." -- Congressman Charles A.
Lindbergh Sr. , 1913
"The financial system has been turned over to the Federal Reserve Board. That Board asministers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money" -- Charles A. Lindbergh Sr., 1923
"When you or I write a check there must be sufficient funds in out account to cover the check,
but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn.
When the Federal Reserve writes a check, it is creating money." -- Putting it simply, Boston Federal
Reserve Bank
"We are completely dependant on the commercial banks. Someone has to borrow every dollar
we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous;
if not, we starve.
We are absolutely without a permanent money system.... It is the most important
subject intelligent persons can investigate and reflect upon. It is so important that our present
civilization may collapse unless it becomes widely understood and the defects remedied very soon."
--Robert H. Hamphill,
Atlanta Federal Reserve Bank