The Federal Reserve is
PRIVATELY OWNED
by Thomas D.
Schauf
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...
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The Federal Reserve is
PRIVATELY OWNED
by Thomas D.
Schauf
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 th
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