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AlphaWolf · 05-09-2002, 09:27 AM

Quote:

Who Controls The Federal Reserve System?
by Victor Thorn

Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in "Economic Solutions" where he lists the ten primary shareholders in the Federal Reserve banking system.

1) The Rothschild Family - London
2) The Rothschild Family - Berlin
3) The Lazard Brothers - Paris
4) Israel Seiff - Italy
5) Kuhn-Loeb Company - Germany
6) The Warburgs - Amsterdam
7) The Warburgs - Hamburg
8) Lehman Brothers - New York
9) Goldman & Sachs - New York
10) The Rockefeller Family - New York

Now I don't know about you, but something is terribly wrong with this situation. Namely, don't we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That's 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, "Rule By Secrecy." He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:

1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.3%
2) Citbank - 4,051,851 shares - 20.5%

Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our "selected" officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.

Where does the money come from?

We all know that the Federal Reserve CORPORATION prints money - then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let's remember one thing about the very essence of banking - primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).

So, with that in mind, let's look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in "Why A Bankrupt America"). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here's the catch - 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can "create" a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.00! That's not a bad deal, huh!

The banking industry calls this process "seignorage." I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people's money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I'm no genius, but who do you think is getting screwed in this process? US - the people at the bottom rung of the ladder.

What's worse is that - now catch your breath - there's NO MORE gold left in Fort Knox! It's all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can't convert our money into gold --- only other currency. The entire underlying basis for our money is now a lie - a sham. The Federal Reserve has become so arrogant that they've become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that's where the Fed gets their money - they literally make it, then lend it to us so they can make even MORE money off of it.

Money As A Religion

The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, "Secrets of the Temple: How the Federal Reserve Runs the Country" that details how the Controllers have conditioned us to accept this absurd situation.

"To modern minds," he writes, "it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding."

Mr. Grieder continues, "Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe, and everyone must believe. Only then did worthless pieces of paper take on value."

Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There's no more gold in Fort Knox. It's all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value. Now it's simply paper!

Taken one step further, many of us don't even use paper money any more! Why? Well, here's a scenario. Many places of employment directly deposit their employee's paychecks into the bank. Once the money is there, when bill time comes around, the person in question can write out a stack of checks to pay them. Plus, when they need gasoline they use a credit card; and groceries a debit card. If this person goes out for dinner on Friday night, they can charge the tab on their diner's card. But what about the tip? They simply scribble in the amount at the bottom of the check. So far, the person hasn't spent a single dollar bill. Plus, if you bring electronic banking into the picture, we've virtually eliminated the use for money. And, God forbid, what happens when encoded microchips are implanted into the backs of our hand?

In essence, money has become nothing more than an illusion - an electronic figure or amount on a computer screen. That's it! As time goes on, we have an increasing tendency toward being sucked into this Wizard of Oz vortex of unreality. Think about it. Americans as a whole are carrying more personal debt than in any other time in history. Plus our government keeps going further and further into the hole, with no hope of ever crawling out. But we have less and less actual MONEY! We're being enslaved by the debt of electronic blips on a computer screen! And 70% of the banks that control this debt via the Federal Reserve exist in foreign countries! What in God's name is going on? As author William Bramley says, "The result of this whole system is MASSIVE debt at every level of society."

We're getting screwed in a sickening way, folks, and the people doing it are demented magician-priests that use the ILLUSION of money as their control device. And I hate to say it, but if we allow things to keep going as they are, the situation will only get worse. Our only hope ... ONLY HOPE ... is to immediately take drastic action and remedy this crime.

(to be continued)

http://www.victorthorn.com/babel/iss...reserve55.html

Although I am not sure of the writers sources or information, it does make for an intresting read.. About an entity in which has aruably the most power in the world, and yet very little oversight.. Is the Federal Reserve truely a privately owned system?

AmericanWoman · 05-09-2002, 12:30 PM

Interesting...

I'm curious about what he thinks we should do to totally revamp our corrupt financial system?

The Stoned Philosopher · 05-09-2002, 01:16 PM

Well its either that or we plument into financal ruin, then again, we are almost close to that anyway thanks to the federal reserve and corruption in general.

bcbudman · 05-09-2002, 02:16 PM

It really reminds me of brave new world by aldous huxley. We are moving into a phony world. People may scoff at that "computer chip" statement, but ook where we are now compared to ten years ago. too bad our "soma" is still illegal

pretty interesting article. I rember hearing a banker ( this is in Canada) say that if the masses ever really understood the banking system of our country there would be revolution. Its always stuck with me.

I

05-09-2002, 03:58 PM

I thought it was common knowledge that US currency was no longer backed by gold, and hasn't been for a long time. I learned that in high school way back in 1993. I don't think there has been money printed in my lifetime that could actually be exchanged for gold/silver/etc. Instead, the money is backed by the government (some people might not take comfort in that, but I don't have any problems with it).

As for fort knox being empty...i'm not so sure about that. it might not have the volume of gold it did when the currency was actually backed by gold, but I seriously doubt it's completely empty.

And I'd like to see some sources, or at least find out more about Peter Kershaw (is he an economist, or some crazy conspiracy theorist?)...

A lot of people depend on money, including the 10 people on the list who "own the fed." So any collapse of the dollar would affect them as it does us poor folk at the bottom of the ladder.

Anyway, just wanted to play devil's advocate. I'm always skeptical of these crazy conspiracy theories.

Conine · 05-09-2002, 08:36 PM

It is necessary to have the entity that controls the money supply be independent. It's the concept of central bank independence. The more the government is allowed to intervene in the affairs of the central bank, the more unstable the money supply becomes.

In the 1930s the German govt. printed as much money as they needed to cover their debts. The result? Hyperinflation. Stories about people carting wheelbarrows of money to buy a few groceries. Today, the Germans don't want to relive this nightmare and have one of the most independent central banks in the world.

Without going into Economics 2035 too heavily, yeah the Fed does expand the money supply when they buy securities and make discount loans, (that's another subject) but they also CONTRACT the money supply when needed - specifically, if inflation is becoming a problem.

And it isn't like they're just taking all this cash and pouring it into their pockets. They don't just print a million and say OK, we now own a million bucks. They only lend cash out at the discount rate when banks are in trouble. If banks continually borrow using the discount rate, they get sanctioned.

And who gives a crap if people don't use paper money as much as long as it works? When you got a paycheck, you weren't getting cash either! Direct deposit didn't change that, it just eliminated the hassle of having to send in the check! Since when is not losing a check in the mail a bad thing? Since when is getting cash in your account faster a bad thing?

You say 'money is an illusion.' Ponder this - what is gold? Gold is valuable because it's an accepted standard of value. It isn't for some magical reason, any more than paper money is.

BOTTOM LINE: If the market is saturated with cash, prices will rise. It's one sure cause of inflation. If Japan decides to print out 500 trillion yen, you can bet the value of the yen will drop sharply. It's no different anywhere else.

AlphaWolf · 05-09-2002, 08:58 PM

I found the article intresting because the Federal Reserve is an entity in which works in the background primarily, with very little oversight in the public eye... and yet has a tremendous amount of influence and power.. Alan Greenspan and the Federal Reserve board may very well be the most powerful man in government.. Being able to directly influence the US Economy and in turn the world economy is perhaps the most powerful position in the world... I personally have no idea if Mr Kershaw is correct or not about the ownership of the Federal Reserve.. but its an intresting concept....

Shaba Zero · 05-10-2002, 09:27 PM

As long as there's a finite amount of money available, I don't care what it's based on. And why should anyone care?

Currency was invented as a substitute for the barter system which limited specilization of labor. Paper money was invented later as a convenient substitute for carrying precious metals around. And debit cards, paypal and checks were again, more convenient substitutes for the paper money. It's just abstractions of abstractions. As long as nobody starts printing billions of dollars in their basement, everything works out.

(Anybody want to trade me a thousand loaves of bread in return for a high-capacity online survey? Thought not.)

Money is a religion though. We've devoted ourselves to the stockpiling and spending of it so much that most of us have lost sight of the true pleasures in life and ended up in a consumer orgy of debt. But hey, don't blame the printers of the money for this pervailing attitude, blame the unbridled emotional pitches from advertisers, blame the parents for not teaching us better spending habits, and blame ourselves for failing to exercise restraint and critical thinking.

Virtues can't be bought you know. (But it seems they can be sold.)

By the way -- Conine, excellent post!

KWhite · 05-11-2002, 09:36 AM

The more you think about it, the more a new "Gold Standard " must be developed.
UI haved read it in Sci-fi, and it seems plausible that "Time" will beciome the new backing to all currency.
The time a worker devotes to earning money, and what that time is worth to an employer, i.e. skills available for purchase, will become the backing of currency.
It all works as long as it is all accepted.
Kelly

05-11-2002, 10:59 AM

This list of supposed stockholders in the Federal Reserve banks has rather an odor of anti-Semitic propaganda to it, I would say. Especially considering that Rothshild, Warburg, Goldman Sachs, Kuhn Loeb, et al...actually every name on the list but the Rockefellers...are investment banking firms traditionally identified as "Jewish". I checked the facts, and NONE of these institutions are on the New York Fed's list of shareholders. That list strikes me as being a concoction of those who want to say "Look! Jews control the banking system in America!"

And...to AlphaWolf: Not implying that you're anti-Semitic or that you had any such intentions in posting that...just giving my view (supported by a bit of research).

But...I have to say, also, that I agree with KWhite...and really, that's more or less what we have now, if you think about it. What is money, after all? Paper, base metal, elecronic bits...all essentially worthless. Money is really information. Which says (especially in the form of a paycheck) "Person X has worked enough to earn X amount of goods/services as fruits of his/her labour." And I can see a point in the future where money will cease to have even a physical dimension, becoming a pure abstraction. (Although I think there are major reforms of our economic system needed, which I won't go into because I really have been awake too long...)

05-09-2002, 01:16 PM	#3
The Stoned Philosopher Jr. Member Join Date: Dec 2000 Posts: 781 Grams: 488.90 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 1 Time in 1 Post Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Well its either that or we plument into financal ruin, then again, we are almost close to that anyway thanks to the federal reserve and corruption in general. __________________ Beyond a critical point within a finite space, freedom diminishes as numbers increase. This is as true of humans in the finite space of a planetary ecosystem as it is of gas molecules in a sealed flask. The human question is not how many can possibly survive within the system, but what kind of existence is possible for the who do survive. - Frank Herbert The Stoned Philosopher

05-09-2002, 02:16 PM	#4
bcbudman Banned Join Date: Apr 2002 Posts: 90 Grams: 29.90 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	huxley said so It really reminds me of brave new world by aldous huxley. We are moving into a phony world. People may scoff at that "computer chip" statement, but ook where we are now compared to ten years ago. too bad our "soma" is still illegal pretty interesting article. I rember hearing a banker ( this is in Canada) say that if the masses ever really understood the banking system of our country there would be revolution. Its always stuck with me. I

05-09-2002, 08:36 PM	#6
Conine Seasoned Activist Join Date: Oct 2001 Posts: 1,593 Grams: 2,069.95 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Oi It is necessary to have the entity that controls the money supply be independent. It's the concept of central bank independence. The more the government is allowed to intervene in the affairs of the central bank, the more unstable the money supply becomes. In the 1930s the German govt. printed as much money as they needed to cover their debts. The result? Hyperinflation. Stories about people carting wheelbarrows of money to buy a few groceries. Today, the Germans don't want to relive this nightmare and have one of the most independent central banks in the world. Without going into Economics 2035 too heavily, yeah the Fed does expand the money supply when they buy securities and make discount loans, (that's another subject) but they also CONTRACT the money supply when needed - specifically, if inflation is becoming a problem. And it isn't like they're just taking all this cash and pouring it into their pockets. They don't just print a million and say OK, we now own a million bucks. They only lend cash out at the discount rate when banks are in trouble. If banks continually borrow using the discount rate, they get sanctioned. And who gives a crap if people don't use paper money as much as long as it works? When you got a paycheck, you weren't getting cash either! Direct deposit didn't change that, it just eliminated the hassle of having to send in the check! Since when is not losing a check in the mail a bad thing? Since when is getting cash in your account faster a bad thing? You say 'money is an illusion.' Ponder this - what is gold? Gold is valuable because it's an accepted standard of value. It isn't for some magical reason, any more than paper money is. BOTTOM LINE: If the market is saturated with cash, prices will rise. It's one sure cause of inflation. If Japan decides to print out 500 trillion yen, you can bet the value of the yen will drop sharply. It's no different anywhere else. __________________ Freedom is the right to choose the habits that bind you. Posting Guidelines

05-10-2002, 09:27 PM	#8
Shaba Zero Jr. Member Join Date: Jan 2002 Posts: 676 Grams: 349.55 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 2 Times in 2 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	As long as there's a finite amount of money available, I don't care what it's based on. And why should anyone care? Currency was invented as a substitute for the barter system which limited specilization of labor. Paper money was invented later as a convenient substitute for carrying precious metals around. And debit cards, paypal and checks were again, more convenient substitutes for the paper money. It's just abstractions of abstractions. As long as nobody starts printing billions of dollars in their basement, everything works out. (Anybody want to trade me a thousand loaves of bread in return for a high-capacity online survey? Thought not.) Money is a religion though. We've devoted ourselves to the stockpiling and spending of it so much that most of us have lost sight of the true pleasures in life and ended up in a consumer orgy of debt. But hey, don't blame the printers of the money for this pervailing attitude, blame the unbridled emotional pitches from advertisers, blame the parents for not teaching us better spending habits, and blame ourselves for failing to exercise restraint and critical thinking. Virtues can't be bought you know. (But it seems they can be sold.) By the way -- Conine, excellent post! __________________ "My ignorance pains me."

05-11-2002, 09:36 AM	#9
KWhite Seasoned Activist Join Date: Feb 2001 Posts: 1,223 Grams: 3,283.07 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 52 Thanked 76 Times in 52 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	The more you think about it, the more a new "Gold Standard " must be developed. UI haved read it in Sci-fi, and it seems plausible that "Time" will beciome the new backing to all currency. The time a worker devotes to earning money, and what that time is worth to an employer, i.e. skills available for purchase, will become the backing of currency. It all works as long as it is all accepted. Kelly __________________ "Your mind is your own, your body as well, from the soul we need not speak, tend it well, making those decisions you deem worthy, aware all responsibility is in your hands when the smoke clears" Kelly L. White "It is a principle of natural justice that when bad men make bad laws, or when unprincipled authorities compromise good ones, citizens are justified in protecting themselves from the very authority that compromised law and order." Gandhi Our Posting Guidelines

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05-09-2002, 12:30 PM	#2
AmericanWoman Jr. Member Join Date: Apr 2002 Posts: 175 Grams: 439.40 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Interesting... I'm curious about what he thinks we should do to totally revamp our corrupt financial system?

05-09-2002, 03:58 PM	#5
420smokerNYC Posts: n/a Grams: 0 [Check] Stock Portfolio Total Value: Gain/Loss: %	I thought it was common knowledge that US currency was no longer backed by gold, and hasn't been for a long time. I learned that in high school way back in 1993. I don't think there has been money printed in my lifetime that could actually be exchanged for gold/silver/etc. Instead, the money is backed by the government (some people might not take comfort in that, but I don't have any problems with it). As for fort knox being empty...i'm not so sure about that. it might not have the volume of gold it did when the currency was actually backed by gold, but I seriously doubt it's completely empty. And I'd like to see some sources, or at least find out more about Peter Kershaw (is he an economist, or some crazy conspiracy theorist?)... A lot of people depend on money, including the 10 people on the list who "own the fed." So any collapse of the dollar would affect them as it does us poor folk at the bottom of the ladder. Anyway, just wanted to play devil's advocate. I'm always skeptical of these crazy conspiracy theories.

05-09-2002, 08:58 PM	#7
AlphaWolf Jr. Member Join Date: Jun 2001 Posts: 221 Grams: 359.60 Groans: 0 Groaned at 0 Times in 0 Posts Thanks: 0 Thanked 0 Times in 0 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	I found the article intresting because the Federal Reserve is an entity in which works in the background primarily, with very little oversight in the public eye... and yet has a tremendous amount of influence and power.. Alan Greenspan and the Federal Reserve board may very well be the most powerful man in government.. Being able to directly influence the US Economy and in turn the world economy is perhaps the most powerful position in the world... I personally have no idea if Mr Kershaw is correct or not about the ownership of the Federal Reserve.. but its an intresting concept....

05-11-2002, 10:59 AM	#10
Elvis_Christ Posts: n/a Grams: 0 [Check] Stock Portfolio Total Value: Gain/Loss: %	This list of supposed stockholders in the Federal Reserve banks has rather an odor of anti-Semitic propaganda to it, I would say. Especially considering that Rothshild, Warburg, Goldman Sachs, Kuhn Loeb, et al...actually every name on the list but the Rockefellers...are investment banking firms traditionally identified as "Jewish". I checked the facts, and NONE of these institutions are on the New York Fed's list of shareholders. That list strikes me as being a concoction of those who want to say "Look! Jews control the banking system in America!" And...to AlphaWolf: Not implying that you're anti-Semitic or that you had any such intentions in posting that...just giving my view (supported by a bit of research). But...I have to say, also, that I agree with KWhite...and really, that's more or less what we have now, if you think about it. What is money, after all? Paper, base metal, elecronic bits...all essentially worthless. Money is really information. Which says (especially in the form of a paycheck) "Person X has worked enough to earn X amount of goods/services as fruits of his/her labour." And I can see a point in the future where money will cease to have even a physical dimension, becoming a pure abstraction. (Although I think there are major reforms of our economic system needed, which I won't go into because I really have been awake too long...)

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