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Lehman Brothers - New York
The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System
yes they are all about profit.
so let's get some balls make it happen.
With a precious metal backing your currency, at any time you can change your money or (certificates), for the physical product that it is backed by. With a standard such as this, inflation is capped by how much resources are available to back the amount of money being created. In a system such as this, there exists far less speculation and far more confidence.
1) Chase-Manhattan (controlled by the Rockefellers) - 6,389,445 shares - 32.
2) Citbank - 4,051,851 shares - 20.
Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn't that boggle your mind?
Originally posted by ConspiracyNut23
IMO, the Federal Reserve's function is to allow big banks to control the economy, not profit from its share.
Originally posted by Shaun1111
the masses have no clue about any of this..
what's it going to take?
the truth must be known by all, so they have a fair chance on what path to take.
In the case of America, we operate on what is called a "gold standard" (i.e. our money is backed by gold).
Behind the Federal Reserve notes is the credit of the U.S. Government. I f you happen to have a $5, $10, or $20 Federal Reserve note, you will notice across the top of the bill a printed statement of the fact that the US government promises to pay not the Federal Reserve promises to pay. Nevertheless most Americans to do not understand what the US Government promises to pay: American citizens holding these notes cannot demand anything for them except (a) they can be exchanged for other Federal Reserve notes or (b) that they be accepted in payment of taxes and all debts public and private. Certain official or semiofficial foreign banks may exchange any “dollar credits” they may hold-that is, deposits with the commercial banks-for an equal amount of the Treasury's gold. Americans themselves may not exchange them for gold . [pg 19] A Primer on Money: House of Representatives Committee on Banking and Currency, 1964
Mr. Chairman, the United States is bankrupt: It has been bankrupted by the corrupt and dishonest Fed. It has repudiated its debts to its own citizens. Its chief foreign creditor is Great Britain, and a British bailiff has been at the White House and the British Agents are in the United States Treasurymaking inventory arranging terms of liquidations!..."Mr. Chairman, the Fed has offered to collect the British claims in full from the American public by trickery and corruption, if Great Britain will help to conceal its crimes. The British are shielding their agents, the Fed,...
“The Fed Note is essentially unsound. It is the worst currency and the most dangerous that this Country has ever known... They should not have made the Government [liable on the private] debts of individuals and corporations, and, least of all, on the private debts of foreigners.” Source
Sec. 3. Section 11 of the Federal Reserve Act is amended by adding at the end thereof the following new subsection: ''(n) Whenever in the judgment of the Secretary of the Treasury such action is necessary to protect the currency system of the United States, the Secretary of the Treasury, in his discretion, may require any or all individuals, partnerships, associations and corporations to pay and deliver to the Treasurer of the United States any or all gold coin, gold bullion, and gold certificates owned by such individuals, partnerships, associations and corporations....
"Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933"
“The Federal Reserve definitely caused the Great Depression by contracting the amount of currency in circulation by one-third from 1929 to 1933” Source
HONG KONG (Reuters) - China's $200 billion sovereign wealth fund, which made big paper losses on stakes in Morgan Stanley and Blackstone, is set to invest up to $2 billion in U.S. mortgages as it eyes a property market recovery, two people with direct knowledge of the matter said on Monday....
The move comes after the United States and China ended their first annual Strategic and Economic Dialogue late last month agreeing to lead the global economy out of recession, with China seeking safer investments in the world's leading economy.
"The Chinese government is always trying to seek a more ideal way to invest in U.S. assets rather than purely buying U.S. government bonds all the time," said the source. Source
Originally posted by jameslewin
Talk,Talk,Talk, this is all old news. The question is what to do about it. Peaceful protest is a joke to these people. It would seem that there is only one real way to get these peoples' attention.
Like maybe something like this happening to one of the Fed Banks.