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hottshot · 05-17-2004, 09:18 AM

FACT#1. The Federal Reserve is a private corporation, owned and controlled mostly by foreign bankers.

FACT#2. How the Federal Reserve banks work (using a 10% reserve requirement).

1. F.R. "creates" $1,000,000 worth of "debt certificates" with no assets behind the creation, just the "OK" of Congress, and distributes it to banks.
2. The bank "Holds" the 10% reserve as operating capital ($100,000) and loans the rest out at 10% interest.
3. The bank pockets $90,000 in interest, and accepts the $900,000 back as a deposit.
4. The bank retains 10% of the $900,000 deposit as a reserve, and loans out the $810,000 at 10% interest.
5. The process is repeated over and over, with "hard" assets pledged as collateral for these "loans". Thus, it starts with "no money" and ends up with houses, cars, land, silver, gold...real assets...and all it took was some ink, some paper, and the cooperation of Congress.
FACT#3. The BIRTH of money #1...Congress authorizes the F.R. to purchase U.S.Notes from the U.S. Bureau of Engraving for 2.5 cents per bill (no difference between $1 and $1000 bills). The F.R. then issues an equal amount of "debt certificate" Federal Reserve Notes which they use to purchase U.S. Treasury Bonds. Taxpayers are, supposedly, obligated to pay off these bonds at FULL FACE VALUE, plus the debt of the original currency purchased at 2.5 cents per bill!

FACT#4. The BIRTH of money #2...All credit is hypothecated upon the faith and worthiness of the "United States". Congress authorizes various corporations to extend the credit of the United States (as a privilege, not a right) to finance mortgages and other types of credit. You and I could not set up shop to extend credit to others, except we be licensed and approved by the government. Thus, it is not the mortgage company, with whom you sign a contract, who extends you credit...they are only an "agent"... it is the United States who is the party with standing, and the only entity which can sue or foreclose for breech of the contract. BET YOU DIDN'T KNOW THAT! Then there is the credit contract itself...a fraud perpetrated upon the buyer everytime. It is another means of "creation" of money. There is no "money" exchanged in the mortgage transaction. It is a book entry made by the "agent" which "monetizes" the value of the real thing, the property involved. No contract is valid except both parties bring something of value, called "consideration", to seal the contract. You are bringing the property, and the promise of future payments...they bring nothing but the ability to create credit...a congressional "okie-dokie"...to the contract. Thus the government fraudulently claims superior ownership rights to the property involved, and the ability to charge the "tenant" rent (called property taxes) for the privilege of using paper credit.

FACT#5. The taxes paid by Americans never provide ANY services to our country...all collected income tax money goes DIRECTLY to the F.R. Board (check the back of ANY check sent to the IRS...it is true).

FACT #6. All U.S currency is "Federal Reserve Notes" of debt, owed to the Federal Reserve, and is borrowed into existence. How can you pay the debt when you have to "borrow" the currency to pay the debt, FROM THE GUYS YOU ALREADY OWE? It is like paying off your VISA card using THE SAME VISA CARD...the interest just keeps growing, and no principal is ever paid! It is a ponzi scheme....a scam...and America is the mark!

Thus, .national debt can never be repaid . It is not meant to be repaid. It is meant to bring Americans to ruin without bloodshed. It is the legal takeover of the country, piece-by-piece, and the voluntary enslaving of the sovereign people, who will ULTIMATELY be asked to accept the demise of the Constitution, and their sovereign status under that Constitution, to become "subjects" of the benevolent ruling class

05-17-2004, 09:18 AM
hottshot Confirmed User Join Date: Feb 2001 Location: AZ Posts: 900	FACT#1. The Federal Reserve is a private corporation, owned and controlled mostly by foreign bankers. FACT#2. How the Federal Reserve banks work (using a 10% reserve requirement). 1. F.R. "creates" $1,000,000 worth of "debt certificates" with no assets behind the creation, just the "OK" of Congress, and distributes it to banks. 2. The bank "Holds" the 10% reserve as operating capital ($100,000) and loans the rest out at 10% interest. 3. The bank pockets $90,000 in interest, and accepts the $900,000 back as a deposit. 4. The bank retains 10% of the $900,000 deposit as a reserve, and loans out the $810,000 at 10% interest. 5. The process is repeated over and over, with "hard" assets pledged as collateral for these "loans". Thus, it starts with "no money" and ends up with houses, cars, land, silver, gold...real assets...and all it took was some ink, some paper, and the cooperation of Congress. FACT#3. The BIRTH of money #1...Congress authorizes the F.R. to purchase U.S.Notes from the U.S. Bureau of Engraving for 2.5 cents per bill (no difference between $1 and $1000 bills). The F.R. then issues an equal amount of "debt certificate" Federal Reserve Notes which they use to purchase U.S. Treasury Bonds. Taxpayers are, supposedly, obligated to pay off these bonds at FULL FACE VALUE, plus the debt of the original currency purchased at 2.5 cents per bill! FACT#4. The BIRTH of money #2...All credit is hypothecated upon the faith and worthiness of the "United States". Congress authorizes various corporations to extend the credit of the United States (as a privilege, not a right) to finance mortgages and other types of credit. You and I could not set up shop to extend credit to others, except we be licensed and approved by the government. Thus, it is not the mortgage company, with whom you sign a contract, who extends you credit...they are only an "agent"... it is the United States who is the party with standing, and the only entity which can sue or foreclose for breech of the contract. BET YOU DIDN'T KNOW THAT! Then there is the credit contract itself...a fraud perpetrated upon the buyer everytime. It is another means of "creation" of money. There is no "money" exchanged in the mortgage transaction. It is a book entry made by the "agent" which "monetizes" the value of the real thing, the property involved. No contract is valid except both parties bring something of value, called "consideration", to seal the contract. You are bringing the property, and the promise of future payments...they bring nothing but the ability to create credit...a congressional "okie-dokie"...to the contract. Thus the government fraudulently claims superior ownership rights to the property involved, and the ability to charge the "tenant" rent (called property taxes) for the privilege of using paper credit. FACT#5. The taxes paid by Americans never provide ANY services to our country...all collected income tax money goes DIRECTLY to the F.R. Board (check the back of ANY check sent to the IRS...it is true). FACT #6. All U.S currency is "Federal Reserve Notes" of debt, owed to the Federal Reserve, and is borrowed into existence. How can you pay the debt when you have to "borrow" the currency to pay the debt, FROM THE GUYS YOU ALREADY OWE? It is like paying off your VISA card using THE SAME VISA CARD...the interest just keeps growing, and no principal is ever paid! It is a ponzi scheme....a scam...and America is the mark! Thus, .national debt can never be repaid . It is not meant to be repaid. It is meant to bring Americans to ruin without bloodshed. It is the legal takeover of the country, piece-by-piece, and the voluntary enslaving of the sovereign people, who will ULTIMATELY be asked to accept the demise of the Constitution, and their sovereign status under that Constitution, to become "subjects" of the benevolent ruling class __________________ Love Dollars helps pay my bar tab Promote the highest converting sites in the industry with PussyCash