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"Just the Facts Ma'am"
The Federal Reserve is
by Thomas D. Schauf
"There is a self-satisfied dogmatism with which mankind at each period of its
cherishes the delusion of the finality of existing modes of knowledge."
Alfred North Whitehead
Pursuant to your request, I will attempt to clear up questions you have
about the Federal Reserve Bank (FED). I spent much time researching
the FED and these are the shocking and revealing conclusions.
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY.
Article 1, Section 8 of the Constitution states that Congress shall have
the power to coin (create) money and regulate the value thereof. Today
however, the FED, which is a privately owned company, controls and
profits by printing money through the Treasury, and regulating its value.
The FED began with approximately 300 people or banks that became
owners (stockholders purchasing stock at $100 per share - the stock is
not publicly traded) in the Federal Reserve Banking System. They make
up an international banking cartel of wealth beyond comparison
(Reference 1, 14). The FED banking system collects billions of dollars
(Reference 8, 17) in interest annually and distributes the profits to its
shareholders. The Congress illegally gave the FED the right to print
money (through the Treasury) at no interest to the FED. The FED creates
money from nothing, and loans it back to us through banks, and charges
interest on our currency. The FED also buys Government debt with
money printed on a printing press and charges U.S. taxpayers interest.
Many Congressmen and Presidents say this is fraud (Reference
Who actually owns the Federal Reserve Central Banks? The ownership
of the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New Yo