Ron Paul told MSNBC that the Federal Reserve is
actually more powerful than Congress.....
On July 1, 1914 (a few months after the Fed was
created) the U.S. national debt was 2.9 billion
dollars.
Today, it is more than more than 5000 times
larger.
### Banks that received ''out of thin air'' loans
from the FED in recent years........
Citigroup - $2.513 trillion
Morgan Stanley - $2.041 trillion
Merrill Lynch - $1.949 trillion
Bank of America - $1.344 trillion
Barclays PLC - $868 billion
Bear Sterns - $853 billion
Goldman Sachs - $814 billion
Royal Bank of Scotland - $541
billion
JP Morgan Chase - $391 billion
Deutsche Bank - $354 billion
UBS - $287 billion
Credit Suisse - $262 billion
Lehman Brothers - $183 billion
Bank of Scotland - $181 billion
BNP Paribas - $175 billion
Wells Fargo - $159 billion
Dexia - $159 billion
Wachovia - $142 billion
Dresdner Bank - $135 billion
Societe Generale - $124 billion
"All Other Borrowers" - $2.639
trillion
### The Federal Reserve Is Paying Banks Not To Lend
Money
Section 128 of the Emergency Economic Stabilization
Act of 2008 allows the Federal Reserve to pay interest on "excess
reserves" that U.S. banks park at the Fed.
The amount of "excess reserves" parked at the Fed
has gone from nearly nothing to over USD1.5 TRILLION since
2008....
### The Federal Reserve System Is A Privately Owned
Banking Cartel
>> When it was defending itself under the
Freedom of Information Act, the Federal Reserve stated
unequivocally in court that it was "not an agency" of the federal
government and therefore not subject to the Freedom of Information
Act.
In fact, all you have to do is go to the Federal
Reserve website....
Thomas Edison was quoted in the New York Times as
saying....
Henry Ford and i think it is stupid that for the
loan of $30M of their own money the people of the United States
should be compelled to pay $66M — with interest. People who will
not contribute a pound of material will collect more money from the
United States than will the people who supply the material and do
the work.
In all our bond issues the interest is always
greater than the principal. All of the great public works cost more
than twice the actual cost, on that account. Under the present
system of doing business we simply add 120 to 150 per cent, to the
stated cost.
### If our nation can issue a dollar bond, it can
issue a dollar bill. The element that makes the bond good makes the
bill good.