The US needs to abolish the Federal Reserve.

One thing you need to understand is something called fractional reserve lending. the way this works is if you go to the bank and you deposit 1000 dollars the bank can then lend out 10,000 dollars AT INTREST!! if you or i were to do that its called fraud, which is a felony. This concept came about back about 500 years ago when the first paper currency was used. all is was, was a goldsmith would hold peoples gold for them in return he gave them a receipt which basically said you have x amount of money with me. well he relized that only about 10% of the people ever came to get there gold at one time. so he was then able to cheat they system and lend out money that he didn't have at interest. which is exactly how the banks work today. when the reserves get to low lets say the bank has a million and you want to buy a 300,000 house well they need to go the FED and borrow 30,000 then they can give you you mortgage. how the FED makes money 1.The Fed open market committee approves the purchase of bonds. 2. Fed buys bonds from who is selling 3. Pays for the bond with electronic credits to the seller's bank, these credits are based on nothing, fed just creates them 4.Banks use these deposits as "reserves" they can loan out over 10 times the amount of there reserves to new borrowers all at interest. Fed buys a million in bonds it gets turned into 10 million in bank accounts. To reduce money is economy is just the opposite. Banking does not need to be fractional lending, it needs to be fractional lending for the bankers to make money and to control every major government in the world. but there is a simple solution to this problem that effects us all. The reason they call it the "Federal" reserve is because they want people to think its part of the government. This bill was dead in 1910 when the bankers were trying to get this through congress. they had a meeting on Jekyll island off the coast of georgia, a secret meeting with big names, a young guy from princeton was there they told him that they would make him president if head would pass the Federal Reserve Act. His name was woodrow wilson, on december 23 1913, there were 3 senater still in office when the bill was brought up, nobody objected, it then went on to Wilson's desk on which he of course signed. Monetary Reform Act- 1. pay off debt with debt free US notes 2. abolish fractional reserve banking, as debt is paid off, the reserve requirement of all banks and financial institutions would be raised proportionality at the same time.(stable money supply) 3. repeal Federal Reserve Act 1913 and National banking act of 1864- these delegate power back to treasury where it belongs these relate to fractional reserve. 4. Withdraw the US from IMF, the BIS (bank of international settlements) and the world bank- these are designed to centralize power of the global economy. Money supply grows with population to keep prices stable ( if you didn't do that things would enter deflation period not good) 3% a year Meeting of FED are secret, all things in new system would be open to the public. here are a couple people that you might have heard of that also agree that bankers are the most corrupt people on earth and they control every major country. Milton Friedman-"I know of no serve depression, in any country at any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in stock of money that was not accomplished by a severe depression" (the great depression was planned by bankers so they could then gain more control over businesses and media outlets, ex the washington post was purchased in 1933) The Central Bank was put in place to create stability, instead its been a roller coaster, first 30 years 3 economic downturns including great depression(20-21, 29-33 and 38-39 no other period in history matches that, past 30 years has created massive inflation "Give me control of a nation's money and I care not who makes it's laws." - Mayer Amschel Bauer Rothschild "History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." -James Madison "From now on, depressions will be scientifically created." - Congressman Charles A. Lindbergh Sr. , 1913 "...the increase in the assets of the Federal Reserve banks from 143 million dollars in 1913 to 45 billion dollars in 1949 went directly to the private stockholders of the [federal reserve] banks." - Eustace Mullins A 1982 court ruling regarding the Federal Reserve Bank (LEWIS v. UNITED STATES, 680 F.2d 1239) came to this conclusion. "Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Federal Reserve Banks are not federal instrumentalities for purpose of the FTCA, but are independent, privately owned and locally controlled corporations. I want people to understand this issue, there is not a more important issue facing the world right now. "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."- President, Thomas Jefferson "It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford The bankers helped their friends establish monopolies in oil, chemicals, pharmaceuticals, transportation, media, etc. and took a healthy stake. Few wealthy families Morgan, Rockefeller, Rothschild's in 1800's the Rothchilds were thought to control 1/2 of the WORLDs wealth.(bankers) who helped create the "bank of england" haha also private All wars are financed by bankers some are lucky enough to fund both sides of the war. Rothschild's financed diamond monopoly in africa Harriman's in railroads in US Vanerbuilts in railroads and the press Carnegie in the steel industry WWI- JP Morgan thought to be richest man in America, but when he died they realized he was just a lieutenant to the Rothschild's. He only owned 19% of JP Morgan companies real reason for the revolutionary war took away the power to print our own currency!! the founding fathers understand the bank of england. In the american colonies Shortage of silver and gold. 1760's start with own currency-colonial script not backed by anything, it was successful medium of exchange. Totally fiat currency Franklin- "issue currency in property proportion to the demand of trade and industry to make products pass easily from producers to consumers" Bank of england could not allow this. Made it illegal-forced them to pay taxes in gold The Rothchilds are no fools they relized Loaning money to govt and kings more profitable then to people, governments debt was secured tax payers. First son- stayed in germany Second son-vienna Third son- most clever went to london-1798 Napoleon sent him 550,000 pounds to buy govt stock he didn't buy he invested it smarter- 1815 gave the king his money back with the interest he would have made with the investment he wanted. Rothschild made other much more profitable investments he later brags to his buddies that in 17 years he took 20,000 which is father gave him to help start up the bank in england and explained it by 2500times or equalling 50,000,000 Mid 1800's the family dominated central banking Forth son-naples Fifth son-paris- worth 650 million french franks (150 million more then all the other banks in paris put together!) if you have a hard time believing me, type in money masters in google video, its 3 1/2 hours.its amazing