Federal Reserve Corruption: Keeping Control For Big Banksters

By Author: Alice Brooks
Total Articles: 90
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If you are like most Americans, you are unaware that the Federal Reserve corruption corroding the economy emanates from the very concept of the institution itself. Despite the trappings of government, the FED is a profit-making private network of banks bilking the citizens of the United States of their money.
Such a scenario, (as detailed in The History of Money Part 1, found at http://www.xat.org/xat/moneyhistory.html), is precisely at the root of the United States secession from Britain. In his autobiography, Benjamin Franklin wrote that, The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."

The founding fathers of the United States clearly deposited the power to make money in the hands of Congress, as an effort to avert tyranny. This is defined in the U.S. Constitution. Nevertheless, the history of the U.S., up until the early 20th Century, spun ‘round the hub of a never ending battle by banksters coveting control of currency against democracy's defenders.

In ...
... 1913, the tide turned. It flipped to fatally favor a greedy group that would come to manipulate affairs. Today this cartel is at the zenith of power in the U.S. and across much of the globe. It was this year the plan to launch the Federal Reserve Banking system was born. It hatched from a private pow-wow of bankers and bureaucrats in a secret meeting. At Georgia's Jekyll Island resort, these designs were designated and kept cloaked in secrecy.

Eustace Mullins wrote in his 1983 book, (excerpted at http://www.thirdworldtraveler.com/Banks/Jekyll_Island_TSOTFR.html), that in Georgia, the richest of the rich picked the name Federal Reserve to deceive the citizens "into thinking it was not a central bank. However, the Jekyll Island plan would be a central bank plan, fulfilling the main functions of a central bank; it would be owned by private individuals who would profit from ownership of shares. As a bank of issue, it would control the nation's money and credit.

This Federal Reserve corruption became the norm with the establishment of this institution by congress. It was signed into law by President Woodrow Wilson and took effect in 1914. The way this scam works is simple and highly profitable. This network of banks, owned by the wealthiest international bankers, prints Federal Reserve notes known on the street as U.S. dollars.

All the banksters need is the ink and paper to print on. In other words, the cost is minimal. Then it lends this money to the U.S. government with interest. Pennies that print a 5, 10, 20 or 100 dollar bill multiply into mammoth mounds of money. Of course, the selling of this money is highly profitable. So what if the debt only grows and capital is never paid back? These guys that own the FED are literally making money out of thin air for profit.

This system is the cornerstone keeping corporate banksters the driver's seat of the United States and much of the world. Does this sound like an exaggeration? Take a look at Barack Obama. The biggest corporate sector for his 2008 campaign is banks and securities firms. Five of his 20 top contributors came from this sector for a total of $14,808,875. If you don't take my word, check out the Federal Election Commission's figures at open secrets.org.

I don't know about you but I think that's a hefty chunk of change! No wonder he was quick to continue the Wall Street bailout. He was only paying back the favor to these same firms.

The Federal Reserve corruption is more alive today than ever. In Washington, Obama has an economic team packed with Wall Street wonders, ex Federal Reserve members and other banksters. They're making sure your tax dollars are working for them.

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