---

Discover How the Fed Prints Money for Free, Then Collects Interest From the Bonds Their Free Money Buys, Via Your Taxes, All to Support Their New World Order.

---

Certain astute politicians outside the system have openly discussed the corrupt Fed.

Below is quite a poignant quote from Rep. Louis T. McFadden, Chairman of the Committee on Banking and Currency, as quoted from the Congressional Record.

“The Federal Reserve Board, … , has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt…

“Our people’s money to the extend of $1,200,000,000 has within the last few months been shipped abroad to redeem Federal Reserve Notes and to pay other gambling debts of the traitorous Federal Reserve Board and the Federal Reserve Banks…”

---

---

Summary of Quick Facts

1a. The Federal Reserve (Fed) is a PRIVATELY OWNED, organization. Unbelievable? Check the ENCYCLOPEDIA BRITANNICA.

1b. Below is the list of the owners of the 12 Central Banks:

• Rothschild Bank of London
• Rothschild Bank of Berlin
• Lazard Brothers of Paris
• Israel Moses Seif Banks of Italy
• Warburg Bank of Amsterdam
• Warburg Bank of Hamburg
• Lehman Brothers of New York
• Kuhn Loeb Bank of New York
• Goldman, Schs of New York
• Chase Manhattan Bank of New York

In all, there are about 300 VERY POWERFUL, partly foreign individuals that owns the Fed.

2. Although the Fed is required to give back most of its PROFITS back to the Treasury Dept., there is NO ORGANIZATION that has the power to AUDIT the Fed (not even the Congress or the IRS).

This creates a HUGE opportunity for ‘creative accounting’ to hide the profit that ROBS the U.S. tax payers hundreds of Billions of dollars annually.

3. Every year, a few Congressmen introduced a legislation to AUDIT the Fed, and every year, the legislation is defeated.

The owners of the Fed is the most powerful, invisible lobbying power there is.

4. The owners of the Fed own the controlling interests in ALL major media in the U.S. Rockefeller, through Chase Manhattan bank, controls CBS and ABC and 28 other broadcasting firms.

Each of the other owners of the Fed also have controlling interest in the U.S. media.

This explains why the media have been silent about the Fed scam. The Fed fraud is the biggest and longest cover-up in the U.S. today.

5. According to Article 1, Section 8 of the Constitution, the U.S. Congress has the power to print money (The Congress shall have the power… to coin money, regulate the value thereof, and of foreign coin, …).

According to the Supreme Court, the Congress cannot transfer its power to other organizations like the Fed.

---

History of the Fed

After several attempts to push the Federal Reserve Banking Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President.

In 1913, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas, when most Congressmen were on vacation.

Naturally, President Wilson passed the Act when he was elected as a pay-back to the bankers.

---

How the Owners of the Fed Profit at Our Expense

The U.S. Government runs a $400 billion deficit annually. To cover this, the U.S. Government issues bonds which are bought by the Fed.

Since the Fed has the POWER TO PRINT MONEY, it can buy any amount of the U.S. Government bonds at almost NO COST, save for the expense of printing money (~3 cents/$100).

At this point, the owners of the Fed already profit $99.97 for every 3c they invest to print the money. Basically, they exchange something that costs almost nothing to them with the U.S. Government Bonds.

Since the Fed CANNOT be AUDITED by the IRS (or even by Congress), most of this profit can go anywhere the Fed owners want it to. By the way, did I mention that the profit is TAX-FREE?

After buying the bonds, the owners of the Fed can either:

1. Keep the bonds, and collect the interest the U.S. Government now OWES them.

2. Sell the bonds to the U.S. tax payers or foreigners.

In either case, the Fed owners have profited $99.97 for every 3 cents they invested to print the money.

Remember, the Fed is a PRIVATELY OWNED corporation, just like Federal Express. The profit of the Fed goes to the Fed owners.

The U.S. Government now owes the Fed owners the interest on those bonds. Remember that the Fed owners DO NOT EARN the bonds.

They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchanged it for the interest bearing bonds.

In order to pay for the bonds’ interest, the U.S. Government taxes the U.S. population.

When a U.S. Citizen holding U.S. Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government.

When the OWNERS of the Fed receive the interest on the BONDS they’re holding, they are receiving that money for FREE (save the initial 3cent/$100 investment to print the money)!

Not only that, the Fed owners receive the money TAX FREE.

Under the LAW, the Fed is REQUIRED to RETURN its PROFIT back to the U.S. Treasury.

However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the Fed.

The Fed has used this obvious loophole to profit via “creative accounting”.

Consider this: every year, the Fed profits by hundreds of billions of dollars by buying U.S. Government Bonds. Yet it only returns ~$20 billion to the U.S. Treasury. The rest of the profit has been spent as “Operational Expenses”.

The Fed expects us to believe that the Fed operational expenses amount to $100’s billion dollars annually!!!

The truth is, those profits were spent as “DIVIDENDS TO SHAREHOLDERS”!!!!

Year after year, the Fed owners bleed the U.S. tax payer dry by hundreds of billions of dollars.

Keep this going, and the U.S. will go bankrupt in a few more years. Small wonder why the National Debt is increasing at its current rate.

---

Why the Fed Should be Abolished

1. The U.S. Congress has the option to buy back the Fed at $450 million (per Congressional Records).

When the Congress does this, it will own back the billions of U.S. Government Bonds held by the Fed.

The U.S. Government will actually PROFIT by buying back the Fed! Also, the U.S. Government no longer has to pay interest to the Fed owners on those bonds.

2. Through their ownerships in the Fed, FOREIGN POWERS CAN and WILL influence the U.S. economy.

By controlling our interest rates and money supply, they can actually create economic disaster in the U.S., should the U.S. disagree with them.

3. Although the Fed directors must be confirmed by the Senate, the awesome lobbying power of the Fed owners makes this process meaningless.

The owners of the Fed can and will put whoever they wish in the position.

4. Abolishing the Fed will lead to lower inflation. At this moment, the Fed prints as much money as needed to buy the U.S. Government Bonds.

Since the Fed prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know, leads to INFLATION.

If the general public bought those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is constant in relation to the goods/services level.

Thus, there is no inflationary pressure from selling these bonds.

5. Abolishing the Fed will reduce the national debt level. By buying back the Fed at $450 million, the U.S. Government will buy back the billions of dollars of bonds held by the Fed.

Thus, the net effect is a reduction in national debt.

After buying back the Fed, the U.S. Government does not have to pay interest on those bonds it buys back, further reducing the national debt.

6. Abolishing the Fed will eventually lead to a balanced budget. Today, even if the U.S. economy only grows by a meager 2%/yr., the U.S. Government should be able to put 2% of U.S.-GDP dollars into circulation WITHOUT INFLATION.

Consider, if the goods/services grew by 2% and the money supply grew by 2%, the ratio of goods/services vs. money supply would remain constant. Thus, no inflation is created.

The government can use this extra money supply to fund its projects without raising taxes.

As long as the government does not print more money than the goods and services available in the U.S., there will be no inflationary pressures.

This had in fact been done with Executive Order 11110 of President Kennedy.

Kennedy ordered the Treasury Dept. to print U.S. GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES).

In effect, Kennedy bypassed the Fed by making the Treasury Department print REAL U.S. MONEY, instead of selling bonds to the Fed for almost free.

The sad fact is, the U.S. Government does not do this anymore. Instead, the U.S . Government sell bonds to the Fed, which buys those bonds using money they don’t earn.

Thus, the U.S. Government must now pay interest on the money that it ‘borrows’ from the Fed.

7. By point (6) above, the U.S. Government can actually reduce taxes on everybody since it has more interest-free money to spend in the amount equal to the growth of the U.S. GDP. KEEP IN MIND, this money will not cause inflation, since the money is printed along with the growth of the goods and services.

What you can do to save the United States of America

The Fed should either be AUDITED every year, or be abolished. I have done my part providing this information.

It is up to you to decide the future of the U.S. economy. Please do the followings:

---

1. Do Your Own Research!!!!

If everything that I wrote here sounds too far fetched to be true, I challenge every one of you to do your own research, and see for yourself.

Recommended literatures:

• Encyclopedia Britannica

• Congressional Record

• The Federal Reserve Bank by H.S. Kenan

• Repeal the Federal Reserve Bank by Rev. Casimir Frank Gierut

• The Secrets of the Federal Reserve by Mullins

---

When You’re Sure About the Facts

2. Call your Congressman and tell him to support the legislation to AUDIT the Fed.

3. Call your representatives and ask them to support legislation introduced by Congressman Henry Gonzales to repeal the Federal Reserve Act of 1913.

4. Push for your home states to introduce and pass a legislation to end the Fed scam.

The following states have already done so: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. Even if you live in these states, contact your representatives and tell them to support the legislation.

THEY WILL LISTEN if you care to TELL THEM!!!

5. Ask your STATE and COUNTY government to abolish the Fed.

Since the Fed is CONSTITUTIONALLY ILLEGAL, it MUST be abolished. Ask your state/county governments for the proper paperwork.

If the U.S. Congress refuses to abolish the Fed, your STATE/COUNTY governments can do it.

6. Collect signature on petitions calling for the end of the Fed.

7. Tell friends and family about this fraud, and ask them for support. Secrecy is the Fed’s main strength.

Since the media has been quiet, no one even notices this FRAUD that has been going on for decades.

Now it is up to the tax payer to be informed. Inform everyone you know about this, and be organized!!!

8. Contact: America Betrayed
Center for Action
652 N. Glenview
Nesa, AZ 85213

9. Contact: National Committee to Repeal the Federal Reserve Act
P.O. Box 1205
Middleburg, IL 60599

10. This article maybe reproduced and distributed freely WITHOUT changes.

---

---