Executive Summary The Fed has a payments and clearing system for chartered banks. Introduction The Fed payments and clearing system is described in the following quotation. Only chartered banks are allowed access to the payments and clearing system, which is a network created and operated by the Federal Reserve. The DOJ targeted banks that were…
Executive Summary The Federal Reserve is a faux government entity that was set up by a cartel of banks to represent the interests of those banks. Introduction The Fed is presented falsely as a government entity, and as a central bank that looks out for the interests of the nation. This is also false, as…
Executive Summary The Federal Reserve is a faux government entity that was set up by the Morgan Bank and Rockefellers and other concentrated banking interests. Introduction The concentrated financial interests that were part of creating the design of the Federal Reserve is explained in the following quotation. Centralization of control over financial resources was far…
Executive Summary G Edward Griffin writes on central banks and their illusions. Introduction Griffin’s view of central banks is expressed in the following quotation. “To cover the fact that a central bank is merely a cartel which has been legalized, its proponents had to lay down a thick smoke screen of technical jargon focusing always…
Executive Summary The Fed often refers to its dual mandate. However, how real is this dual mandate? Introduction The dual mandate implies a public interest function. However, the Fed the facia for a banking cartel, the Fed’s actual role is maximizing the banking profits of its owners. This is explained in the following quotation. There…
Executive Summary A book that describes how the Fed is continually creating asset bubbles. Introduction This book contains unreliable information that fits with mainstream economists regarding the nature of money, however, quotes from it are used in this website for both its accurate descriptions of the asset bubble promoting activities of the Fed, and to…
Executive Summary Countries have ceded their ability to create their own money by agreeing to hand that function over to a private central bank. Introduction The EU was a way to take a major part of the sovereignty of smaller EU member countries. Each member country lost its central bank by joining the EU and…
Executive Summary Private banking interests make an enormous issue of the US federal debt. This debt is not all that relevant and could be eliminated instantly by the government insuring its own credit to extinguish the debt. Introduction The government has its own money creation capability. If the government wants to bring forth into circulation…
Executive Summary The US Treasury creates money through issuing debt — or a government bond, not through directly issuing money itself. Introduction The Fed and the US Treasury relationship is extremely bizarre, and few people understand its implications. The Treasury cannot issue money. Instead, it has to issue a bond, which the Fed purchases. However,…
Executive Summary Private banking interests tell a number of lies to capture the government’s money-creation function for themselves and their cronies. The idea of political independence of central banks is one of these. Introduction A major part of getting people to accept the status quo of a private central bank is by providing a false…