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Posts Tagged ‘federal reserve note’

The Federal Reserve is a collection of banks that loan money to the Federal Government.  Don’t be confused by the use of federal in both terms.  One is private, and the latter is public, run and (at least hypothetically) regulated by the US Constitution as ratified by the states. 

If the government wants capital, they call up the Federal Reserve, who prints out “federal reserve notes” that we call dollars.  They’re legally backed as usable on any transactions in the United States, but they have no other intrinsic value.  They are good towards commerce and payment of debts, but their value is not fixed, and the more that are printed, the less value each “note” has.  The Federal Reserve is not taking money from one place and loaning it to the government like you or I would have to do in order to loan money.  They are inventing it out of thin air. 

And here is the interesting thing.  The Federal Reserve charges interest on the money they print for the government.  A loan has been made, that could be called up.  To repay this loan, we would have to give back the dollars plus interest.  Do you see a problem here?  To repay a loan with interest, we have to give the Federal Reserve more dollars than we got from them, and they’re the only source of dollars.  Even if there were another source of dollars, those dollars would be a note on some other group, even the government, backed by nothing.  It’s all Monopoly money that people use to control each other.  Kind of strange.  This isn’t even a case of the power of the richest.  They own nothing of value, but wield all sorts of authority. 

I don’t like it.  A partial list of banks that make up the Federal Reserve (many of which are foreign) is available.  On that list is my bank, Chase Manhattan.  This leaves me conflicted.  On the one hand, I don’t want to help the criminals that propagate the Federal Reserve.  On the other hand, it is virtually impossible that my bank will go under.  When you can print your own money and are in on the biggest racket in history, you’re in pretty good shape.  This is worse than Batman, let me tell you.  The only way that my bank would be threatened is if other members of the Federal Reserve were to turn on them, and I believe that will not happen until there are no other banks.  For there to be no other banks, there would have to be no more capital. 

This is my best bet for boycotting the Federal Reserve: set myself up in a situation where I can be self-sufficient or barter whatever I need, living entirely without capital.  (Even this is impossible because the government charges property taxes payable only in the form of Federal Reserve Notes – the government is compounding their own problem.  Why?  As long as the game is still going, the government also wields power using the Monopoly money.  Just like the idea of debt in the first place, or economic stimulus packages, or bailouts, or bankrupting social security – the government does not think about long-term consequences.  Their value is not liberty and justice, but control.) 

But there is another way of eliminating capital.  We could go to a digital currency system.  Belonging to a bank (probably only one central bank) would be mandatory in a legal sense, and almost in a practical sense.  Accessing the account would require a password or a physical scan (fingerprint, iris) or a digital key (like they use in hotels, or in your remote access car key).  And anyone who has studied any kind of end times prophecies has heard of the “mark of the beast” on hands or foreheads used for buying or selling.  Can’t you imagine a world leader who decides to throw off the yoke of the banking industry and replace them? 

To God be all glory.

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