The Federal Reserve

Its Good Business The Internet Entrepreneur Chronicles The Federal Reserve With headlines continuing into the ever increasing bailout of our economy and banking institutions, it appears the government is maintaining their support and rewarding their failing business practices. Why would the government insist on paying companies like AIG, Citi Corp, Chase and other banking institutions at a discounted interest rate? Good Business is based on sound decisions and growing the economy which has clearly not taken place. Allowing the Government to continue to reward the very people who brought our economy to its knees to take bailout funds to provide year end bonuses to its CEO's is absurd. The decisions made by the Federal Reserve must be put into question. How can the country survive with a President in waiting admitting we do not have the money to provide the continued bailout but it must be found. How much debt should we the tax payer bare? We the people should not be required to stand by helpless, watching the government pick up the bad debt from these institutions, and stand ready with check book open to infuse more capital as soon as they puff their lip and pout like a child and ask for more. There is no longer any talk from the left about paying down the deficit, we are looking at accruing massive debt that the FED nor Congress is concerned about. After all, it is only "we the people" who ultimately will be footing the bill we do not need to survive only the institutions. There have been three presidential attempts to right the wrongs of the way the US Bank and Federal Reserve control our countries assets and economy. Those presidents were Kennedy, Lincoln and Jackson. Each tried to right the injustices of the usury powers this monopoly controlled. Each president was involved in attempted assassination against them, two were successfully executed. Do I have your attention? "The Government Should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest." President, Abraham Lincoln "You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out... If people only understood the rank injustice of the money and banking system, there would be a revolution by morning." President, Andrew Jackson "We are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covet means for expanding its sphere of influence; on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which as conscripted vast human and material resources into the building of a tightly-knit highly efficient machine that combines military, diplomatic, intelligence, economic, scientific, and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed." "The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight." President, John F Kennedy The Federal Reserve Bank, a.k.a Federal Reserve System, is a Private Corporation. Black's Law Dictionary defines the "Federal Reserve System" as: "Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves." Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors". The Federal Reserve Banks are locally controlled by their member banks. Once again, according to Black's Law Dictionary, we find that these privately owned banks actually issue money. "Federal Reserve Act. Law which created Federal Reserve banks which act as agents in maintaining money reserves, issuing money in the form of bank notes, lending money to banks, and supervising banks. Administered by Federal Reserve Board (q.v.)". The privately owned Federal Reserve (FED) banks actually issue (create) the "money" we use. 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 government has not been in the business of issuing money since President Woodrow Wilson created the Federal Reserve (formerly the US Bank) and the passing of the Federal Reserve act in 1913 just prior to the Great Depression. The act was passed On Sunday, December 23, 1913, two days before Christmas, while most of Congress was on vacation, President Woodrow Wilson signed the Federal Reserve Act into law. Wilson would later express profound regret over his tragic decision, stating: "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world - no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." Thanks for that afterthought confessional Woodrow. The Federal Reserve was only given a corporate life of 20 years as was previous charters. Their charter should have been requested for renewal in 1933 during the FDR administration. There is no evidence that the reauthorization of the Federal Reserve Act of 1913 ever took place. Somehow, the Federal Reserve's termination did not occur. On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. There is no documentation or research out there even through the Federal Register and Library of Congress that this Executive Order has ever been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid. The Federal reserve continues to have the distinguished privilege of printing the currency for the United States of America at no cost to them. They are not taxed on this money yet derive interest and taxpayer monies in return for their services in the form of income tax. The illusion is that we believe that our taxes go to the US Treasury to pay for the services we enjoy, run by the Government. I suggest you look at the back of the check on your next tax return from the IRS and you will see what has been quite plainly printed before your very eyes, it has been endorsed as "Pay Any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig." The trend has been to keep us all in debt, who can say they carry no debt? I know of no one. How do you get ahead and reverse the course of the inevitable? I for one do not intend to let any institution run my life or own it. The best solution possible is the simplest one, you are here, begin your home business today. Find a stable and reputable opportunity with products and services with a readily available customer base. Start the next industrial revolution and take back control of your financial independence. Start now, start today. The Internet Entrepreneur Chronicles will continue this series on the Federal reserve, its history, it's origins and their agenda. It is our responsibility to keep you informed. Yes, Its Good Business Join the beacon of light. _________________________________________________________________ Entrepreneurs are turning their dreams of today into the source of wealth and prosperity of Tomorrow for all. The Marketing Strategy Behind Its Good Business Get Inspired and Motivated Please, take a moment to come and discuss our strategy to achieve financial freedom and independence on Saturdays at 1pm PST and Wednesdays at 7pm PST Its Good Business password: prophet Its Good Business is reaching out across the globe and connecting with like minded free thinking individuals who still believe in the dream and the entrepreneurial spirit. We have created a group who has successfully built real businesses online and we wish to share that message with you. Its Good Business is an international organization of global business professionals who's motivation is in helping anyone with the burning desire for freedom and independence achieve that dream. Corie Wallace - Marketing Strategy Specialist Its Good Business Sales and Marketing Director From Marketing Strategies to Online Sales Techniques, Search Engine Optimization and Effective Promoting on Google Phone: 508.801.6290 Skype: corie.wallace Email Certified Veretrainer