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The Federal Reserve System is Not Controlled by Our Elected Officials but by a Global Banking Cabal to Serve Their Interests Over Ours.

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The Federal Reserve System is not designed to serve the citizens of America.

Rather, it is a tool for the elite bankers, designed to promote their interests and usher in their one world government. The Fed is not even a government entity.

It is a private institution that is, in fact, owned and controlled by member banks, not Congress or the president.

The Federal Reserve Act of 1913 established the Federal Reserve as the central bank for the United States.

The Federal Reserve Act was a culmination of ideas promoted by powerful banking figures and several politicians of the time.

After banking crises in 1893 and 1907, bankers and policy makers called for banking reforms that would bring more stability to the U.S. financial system.

In a series of meetings at a millionaires’ enclave on Jekyll Island, Georgia, leading figures of the New York banking community formulated the system we now know as the Federal Reserve.

A bill was introduced in Congress, and the rest – as they say – is history.

The Act set up a seven-member Federal Reserve Board of Governors appointed by the President of the United States and confirmed by the U.S. Senate.

The president also appoints the Fed chairman and vice chairman from the members of the Board.

Twelve regional Federal Reserve Banks, each headed by a Reserve Bank president, work with the Board of Governors to set reserve requirements for member banks.

The Federal Open Market Committee, which includes the Board of Governors and presidents from five of the regional Reserve Banks, makes decisions regulating the availability of money and credit in the economy.

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The True Nature of the Federal Reserve

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The Fed – Pursuing Its Own Interests

Unlike European central banks, the Federal Reserve System is not an agency of the government.

So, even though its policies shape our nation’s economy and economies elsewhere, it cannot be controlled by Congress or the president.

It serves its member banks. Its Board of Governors and its Reserve Bank presidents determine policies within the system.

This is not to say that the Federal Reserve System is not influenced by the president, his economic advisers, the Congress, or other federal agencies. But the bottom line is this: the Fed will do what is in its own best interest.

This means serving the bankers and financiers who populate its member institutions and sit on its boards and committees.

Central banks attempt to control the supply of money, often expanding the money supply through the issuing of paper currency and expansion of credit.

Credit is regulated through reserve requirements at member banks and through interest rates. Central banks are not free-market creations, but rather tools of financial control.

It appears that the objective of the Federal Reserve System is to encourage the smooth functioning of domestic and international financial systems, but that is a rather simplistic description of what it does.

The Fed exists to insure that that there is plenty of money to lend and that bankers make a good return on their loans and investments.

In recent times this has meant that the Fed expands credit so they can put more people and businesses into debt and banks can profit from interest payments.

Expanding credit is an inflationary policy and devalues the dollar.

Furthermore, credit expansion tempts lending institutions to make risky loans that threaten an institution’s solvency, the results of which we have seen over the past year in our country.

Of course, the Fed also facilitates the expansion of public debt through its purchase of securities issued by the federal government.

And the Fed decides how much currency will be printed, and therefore, can influence inflation.

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Thomas Jefferson’s Thoughts on Banking and Debt

The Federal Reserve System is certainly not the “people’s bank”.

If it were, it would not have worked so hard over the past century to enslave us, as a nation, with what appears to be an eternal mountain of debt.

Thomas Jefferson did not believe that the Constitution gave the federal government the authority to set up a central bank and opposed the establishment of the Bank of the United States on those grounds. He was also opposed to public debt.

Jefferson once wrote, “…we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude”.

Jefferson was right, but few have heeded his warning. It will take a great deal of work, in our current state, to reverse our course as a nation, but it is possible.

First of all, each citizen must resolve to free himself or herself from the slavery of the debt-ridden lifestyle.

Private actions lay the foundation for public action, and we cannot expect our public officials to follow the path of freedom if we refuse to do so ourselves.

If there is a change on the part of the people and leadership to lead this change, anything is possible in America.

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