is the federal reserve a scam?

Yes, and 9/11 didn't really happen and the NSA is watching you right now.

Also, income taxes are voluntary and you're an idiot if you pay them, and lots of folks in Montana want to be your friend.

I do not think so!

Abraham Lincoln (assassinated) - founder of national debt free money (Greenbacks)

Andrew Jackson (attempted assassination) - revoked power from private individuals to make money for the country "Broke the Bank"

James Garfield (assassinated) - attempted to nationalize money making

John F. Kennedy (assassinated) - signed executive order to regain control of Federal Reserve

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

yeah... the federal banking system of the worlds largest economy is a scam. duh. obviously. of course it is.

No, its not. Look into something more interesting like the Tuskeegee experiments.

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

That was an atrocity, but it doesn't make the federal reserve any less of a scam.

How exactly are they scamming you? Have they stolen from you? Caused you to be less wealthy?

Just because most people don't realize what it is doesn't mean it's a scam, I don't see the government dropping leaflets in the streets with misleading information about the federal reserve system.

Most citizens can't locate Kansas on a map...does that mean the State of Kansas is a scam too?

It manipulates, it has tremendous influence, etc, but its not really a scam. There aren't 7 jewish bankers living in some bunker a mile under the surface of the earth controlling anything.

I've been to kansas, and I say it IS a scam. Not as much as Wyoming, but a scam nonetheless.

The point is, a private, for-profit company controls the money supply here. They're not operating for the benefit of the people except when it coincides with the profitability of the owners of the fed. I've always thought you're a bright guy..do some research and see what you think

Gee, ya don't say

you guys are letting North Dakota off the hook completely.

HEY! You took it there, not me. I'm recusing myself from the rest of the discussion.

No you're mistaken on how the reserve system works. Quit drinking the kool-aid and do some research yourself, preferably on websites that don't have the word "conspiracy" in their name.

The chairman and board members of the reserve are appointed by the president and can be removed by the president for cause.
There's a very good reason elected officials don't have direct control over the reserve board.

I'm very well aware of all that. Doesn't change the fact that the federal reserve bank is a for-profit private corporation. And really, when you play the "conspiracy" card and the kool-aid implication of brainwashing, you've abandoned rational person to person exchange of ideas.

The last word is yours

Facts: Yes, the Federal Reserve banks are privately owned, but they are controlled by the publically-appointed Board of Governors. The Federal Reserve banks merely execute the monetary policy choices made by the Board. In addition, nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed.

Facts: No foreigners own any part of the Fed. Each Federal Reserve bank is owned exclusively by the participating commercial banks and S&Ls operating within the Federal Reserve bank's district. Individuals and non-bank firms, be they foreign or domestic, are not permitted by law to own any shares of a Federal Reserve bank. Moreover, monetary policy is controlled by the publically-appointed Board of Governors, not by the Federal Reserve banks.

Fact: Independent accounting firms conduct full financial audits of the Federal Reserve banks and the Board of Governors every year. The Fed is also subject to certain types of audits from the Government Accounting Office.

Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.

Facts: The Federal Reserve banks have only a small share of the total national debt (about 7%). Therefore, only a small share of the interest on the debt goes to the Fed. Regardless, the Fed rebates that interest to the Treasury every year, so the debt held by the Fed carries no net interest obligation for the government. In addition, it is Congress, not the Federal Reserve, who is responsible for the federal budget and the national debt.


More information in the links at the bottom of this page
http://www.publiceye.org/conspire/fl...l_Reserve.html