How Federal Reserve Bankers stole working people’s gold and silver deposits

[johnwk]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

 

[The Irish Ram]

When was America great?
When our money was worth something. Our dollars today have the same worth as toilet paper...

 

[johnwk]

When was America great?
When our money was worth something. Our dollars today have the same worth as toilet paper...

I think we are in agreement, but would rephrase what you wrote as follows:

When was America great?

When our money was worth something. Federal Reserve Notes, which are not the same as "dollars", today have the same worth as toilet paper...

JWK

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep. Pa)
​

 

[Toddsterpatriot]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver,

Ummm....it was FDR who done stole yer gold, and JFK who stole yer silver. Pesky Dem varmints.

the Federal Reserve rents Bank Note script to the public to conduct their business

I ain't never rented my FRNs from the Fed.
How much do they charge you? Where do you mail that rent check?

while bankers now live large by a thieving Fractional Reserve Banking system.

That's funny. Is that you in the silly video?

 

[johnwk]

the Federal Reserve rents Bank Note script to the public to conduct their business

I ain't never rented my FRNs from the Fed.
How much do they charge you? Where do you mail that rent check?

while bankers now live large by a thieving Fractional Reserve Banking system.

That's funny. Is that you in the silly video?

As a taxpayer, Mr. Smarty Pants, your are indeed paying interest, or rent, on federal reserve notes your members of Congress have borrowed in your name.

The current annual rent is about $389 billion which you will be taxed to pay.

Aside from that I believe John Adams was speaking to you when he wrote:

All the perplexities, confusions, and distresses in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit, and circulation.

JWK

When it comes to healthcare, our democrat candidates running for office have no moral compass whatsoever. They refuse to make the distinction between CHARITABLE GIVING and tax tyranny to support the needy.

 

[Toddsterpatriot]

the Federal Reserve rents Bank Note script to the public to conduct their business

I ain't never rented my FRNs from the Fed.
How much do they charge you? Where do you mail that rent check?

while bankers now live large by a thieving Fractional Reserve Banking system.

That's funny. Is that you in the silly video?

As a taxpayer, Mr. Smarty Pants, your are indeed paying interest, or rent, on federal reserve notes your members of Congress have borrowed in your name.

The current annual rent is about $389 billion which you will be taxed to pay.

Aside from that I believe John Adams was speaking to you when he wrote:

All the perplexities, confusions, and distresses in America arise, not from defects in the Constitution or confederation, not from want of honor or virtue, as much as from downright ignorance of the nature of coin, credit, and circulation.

JWK

When it comes to healthcare, our democrat candidates running for office have no moral compass whatsoever. They refuse to make the distinction between CHARITABLE GIVING and tax tyranny to support the needy.

As a taxpayer, Mr. Smarty Pants, your are indeed paying interest, or rent, on federal reserve notes your members of Congress have borrowed in your name.

I owe interest on money the government borrowed. Duh.

I don't owe money because I'm renting FRNs from the Fed.

Aside from that I believe John Adams was speaking to you when he wrote:

He told me you were a silly twat.

 

[bodecea]

When was America great?
When our money was worth something. Our dollars today have the same worth as toilet paper...

I'll take your dollars then. Let me know and I'll send you the appropriate mailing address.

 

[Dick Foster]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

You've almost got it but not quite. What we have here is yet another insidious form of taxation whereby the goverment steals your value and worth past, present and future by inflation. Whatever you manage to save or earn is taxed by giving you less when you spend it than it was worth when you earned or saved it. In short it's simple theft.

 

[Toddsterpatriot]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

You've almost got it but not quite. What we have here is yet another insidious form of taxation whereby the goverment steals your value and worth past, present and future by inflation. Whatever you manage to save or earn is taxed by giving you less when you spend it than it was worth when you earned or saved it. In short it's simple theft.

Then you should borrow all you can and spend/invest it today.

 

[mikegriffith1]

There is also the fact that the Federal Reserve was largely to blame for the Great Depression, although neocon and liberal economists heatedly deny this fact and class it as a myth. Many neocon and liberal economists seek to blame the Great Depression on high tariffs (never mind that we had had high tariffs for decades) and/or on the gold standard.

Here is a good article on this subject on the Foundation for Economic Education website:

The Gold Standard Didn’t Create the Great Depression, the Federal Reserve Did | Germinal G. Van

 

[Toddsterpatriot]

There is also the fact that the Federal Reserve was largely to blame for the Great Depression, although neocon and liberal economists heatedly deny this fact and class it as a myth. Many neocon and liberal economists seek to blame the Great Depression on high tariffs (never mind that we had had high tariffs for decades) and/or on the gold standard.

Here is a good article on this subject on the Foundation for Economic Education website:

The Gold Standard Didn’t Create the Great Depression, the Federal Reserve Did | Germinal G. Van

The Fed didn't create the Great Depression. They absolutely made it worse.

 

[johnwk]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

You've almost got it but not quite. What we have here is yet another insidious form of taxation whereby the goverment steals your value and worth past, present and future by inflation. Whatever you manage to save or earn is taxed by giving you less when you spend it than it was worth when you earned or saved it. In short it's simple theft.

Approximately 80 percent of money created under "fractional banking" is digital and takes form with a few keystrokes, and allows parasitic bankers to consume our wealth and live large by renting out this interest bearing digitally created imaginary money.

JWK

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep. Pa)

 

[johnwk]

There is also the fact that the Federal Reserve was largely to blame for the Great Depression, although neocon and liberal economists heatedly deny this fact and class it as a myth. Many neocon and liberal economists seek to blame the Great Depression on high tariffs (never mind that we had had high tariffs for decades) and/or on the gold standard.

Here is a good article on this subject on the Foundation for Economic Education website:

The Gold Standard Didn’t Create the Great Depression, the Federal Reserve Did | Germinal G. Van

The Fed didn't create the Great Depression. They absolutely made it worse.

During a Congressional hearing in 1937 Representative Binderup stated the following with reference to Henry Ford:

"It is perhaps well enough that the people of the Nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

JWK

 

[danielpalos]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

only if you omit the inflationary tendencies of a warfare-State regime over a welfare-State regime.

 

[iceberg]

if you are going to invest in precious metal, buy the metal. NOT certificates.

 

[danielpalos]

they have "grab bags" in various denominations on eBay.

 

[Toddsterpatriot]

There is also the fact that the Federal Reserve was largely to blame for the Great Depression, although neocon and liberal economists heatedly deny this fact and class it as a myth. Many neocon and liberal economists seek to blame the Great Depression on high tariffs (never mind that we had had high tariffs for decades) and/or on the gold standard.

Here is a good article on this subject on the Foundation for Economic Education website:

The Gold Standard Didn’t Create the Great Depression, the Federal Reserve Did | Germinal G. Van

The Fed didn't create the Great Depression. They absolutely made it worse.

During a Congressional hearing in 1937 Representative Binderup stated the following with reference to Henry Ford:

"It is perhaps well enough that the people of the Nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

JWK

That's just as impressive as if Bernie Sanders, Barney Frank or Maxine Waters had said that.

 

[Toddsterpatriot]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

You've almost got it but not quite. What we have here is yet another insidious form of taxation whereby the goverment steals your value and worth past, present and future by inflation. Whatever you manage to save or earn is taxed by giving you less when you spend it than it was worth when you earned or saved it. In short it's simple theft.

Approximately 80 percent of money created under "fractional banking" is digital and takes form with a few keystrokes, and allows parasitic bankers to consume our wealth and live large by renting out this interest bearing digitally created imaginary money.

JWK

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep. Pa)

Approximately 80 percent of money created under "fractional banking" is digital and takes form with a few keystrokes

So what?

It worked exactly the same way under the gold/silver standard.

 

[johnwk]

There is also the fact that the Federal Reserve was largely to blame for the Great Depression, although neocon and liberal economists heatedly deny this fact and class it as a myth. Many neocon and liberal economists seek to blame the Great Depression on high tariffs (never mind that we had had high tariffs for decades) and/or on the gold standard.

Here is a good article on this subject on the Foundation for Economic Education website:

The Gold Standard Didn’t Create the Great Depression, the Federal Reserve Did | Germinal G. Van

The Fed didn't create the Great Depression. They absolutely made it worse.

During a Congressional hearing in 1937 Representative Binderup stated the following with reference to Henry Ford:

"It is perhaps well enough that the people of the Nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

JWK

That's just as impressive as if Bernie Sanders, Barney Frank or Maxine Waters had said that.

Oh come now. The obvious truth is, the Federal Reserve System is nothing less than a predatory money monopoly created by Wall Street Bankers, allowing its operators to freely consume, without cost, what America’s labor and industries have produced.

The Federal Reserve System, when stripped of its fancy terms and alleged necessity, is nothing more than a variation of the mob’s protection racket to get a piece of the action: you will use our Bank Notes as the only legal tender to transact your business, and you will pay interest for the privilege of renting these Notes.

JWK

“Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man’s field by the sweat of the poor man’s brow.”_____ Daniel Webster.

 

[johnwk]

During the time period when the Federal Reserve was created back in 1913, America’s laboring class people ___ plumbers, carpenters, electricians, store clerks, janitors, etc. ___ were paid in gold or silver coins, a real commodity having intrinsic value, or, they were paid with various forms of Federal Reserve Notes, each of which could be brought to the bank of issue and exchanged for the Note’s expressed face value, in gold or silver “dollars”. . . real material wealth!

Keep in mind, if you have $20 in your bank account today, and withdrew it, and the bank had to give you twenty silver dollars, you would be able to consume approximately what $300 in Federal Reserve notes now allows you to consume. This gives you an idea of how much purchasing power a person has lost since the introduction of the Federal Reserve System. And that loss in purchasing power is the gain of bankers who have seized control over the issuance of our nation’s money supply.

Getting back to our nation’s money history, eventually, working people who deposited their gold or silver coins, or Federal Reserve Notes which declared on their face were redeemable in gold or silver coins, when withdrawing their money, were handed Federal Reserve Notes which had a very clever change. These new Federal Reserve Notes circulated by the banks no longer guaranteed to be redeemable in gold or silver coins. But few, if any of the working people, realized the new Notes were no longer redeemable by Federal Reserve Banks in gold or silver coin.

Eventually, the Federal Reserve Banks switched all incoming Notes which were redeemable in gold or silver coin with Notes no longer redeemable in gold or silver coins, and this is how the Federal Reserve System swindled the American People out of their gold and silver, and now, having swindled America’s working people out of their gold and silver coins, an honest medium of exchange, the Federal Reserve rents Bank Note script to the public to conduct their business while bankers now live large by a thieving Fractional Reserve Banking system. The following video will explain this swindling operation which allows bankers to live large and consume the productivity of America’s labor and industries by renting out Federal Reserve Notes.



JWK

"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.

You've almost got it but not quite. What we have here is yet another insidious form of taxation whereby the goverment steals your value and worth past, present and future by inflation. Whatever you manage to save or earn is taxed by giving you less when you spend it than it was worth when you earned or saved it. In short it's simple theft.

Approximately 80 percent of money created under "fractional banking" is digital and takes form with a few keystrokes, and allows parasitic bankers to consume our wealth and live large by renting out this interest bearing digitally created imaginary money.

JWK

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep. Pa)

Approximately 80 percent of money created under "fractional banking" is digital and takes form with a few keystrokes

So what?

It worked exactly the same way under the gold/silver standard.

And it was just as corrupt and thieving as Fractional Reserve Banking. Issuing more "notes" than actual assets in reserve is the beginning of the swindling operation. This scam is nothing new. Another example is the Mississippi Bubble and John Law.




JWK

We are told the ”dollar” has lost its purchasing power over the years. But the truth is, Federal Reserve Notes have lost their purchasing power since their introduction as money, which are used by a notoriously evil banking scheme to plunder real material wealth created by America’s labor and industries.