1 + 1 = 3 to the Fed

WHY IS THIS UNCONSTITUTIONAL ENTITY IN OPERATION?

by One Pissed-off Vietnam Vet

(May 6, 2011) — The Federal Reserve Bank (they use the word “Federal” to make you believe that it is part of our federal government: it’s not) is a private company, like your local uniform cleaner, where the customer, that’s you and me, use the product, be it money or uniforms. If money gets damaged, as a uniform gets worn or torn, it’s discarded and a new replacement is ordered. If the economy is booming, wealth is being created so more money needs to be in circulation, just as when a new factory is built, more uniforms must be inventoried.

The American taxpayer has a direct interest in the proper management of the Federal Reserve Bank, just as a stockholder has interest in the uniform cleaning company. The Federal Reserve does not have ownership of the money (we do), and the uniform cleaning company does not have ownership of the uniforms; the stockholders do.

Look at it this way: people used to use the barter system, as in “If you help me with my fence, I’ll give you three fish.”  Then someone came up with the idea that a bag of sunflower seeds is equal to five chickens, but one day the rats ate Herman’s silo of sunflower seeds and he went broke overnight. A better idea was to substitute gold for sunflower seeds: gold doesn’t tarnish, lasts forever, and it has a nice glow, as appreciated when viewing King Tut’s gold mask.

The drawback of gold, however, is it’s heavy, so people tried to circumvent the weight problem by bartering precious gems. The downside of gems was that there was never a consensus as to what any particular gem was worth. You had your admirers of rubies looking down their noses at emeralds, and they all shunned the sapphire faction.

We thank the Jewish people who arrived at the credit system, way back in the 1300’s or so. They got tired of being robbed on their travels, so they came up with the idea of a note. Instead of a grocery list with “Pick up bread and milk,” their note would say, “Levi has twenty credits,” meaning that there would be twenty pieces of gold at the synagogue in whatever town they were visiting, in any country. It worked great.

Welcome to the electronic age of banking. Nowadays, people don’t need a physical example of money or have to show their face at an exchange located in a synagogue, which was later moved to another building which they called a bank. Paychecks are deposited into an electronic account; bills are paid electronically; items are purchased electronically, and seldom does real money actually change hands. Convenient.

Getting back to the Federal Reserve, we learn that this private company is mismanaged beyond redemption. It’s like when you have a car when, at some point, it costs more to keep on the road than it would to get rid of it and get a new car. Same with our Fed, and here’s why.

Two reasons. Since its inception, the Federal Reserve Bank has fleeced the customer, which is us. How? Go back to the uniform company analogy. Remember that we said that the uniform company doesn’t own the uniforms; the stockholders do? The uniform company makes a profit by distributing and cleaning uniforms; they do not charge the stockholders interest on uniforms that the company doesn’t own.  They wouldn’t get away with it. The officers of the company would all be fired and convicted of embezzlement.

The Federal Reserve Bank would make an honest profit by distributing and cleaning our money, but no, they have to be greedy and charge us interest to use our money while they make a profit in distributing our money, and that’s what they call the National Debt. It’s money that they are gouging out of the taxpayer citizen of the United States, the shareholder (think of a dollar as one share in the wealth of America). Unlike the uniform company, the Federal Reserve Bank is charging you to use your money.

There’s no such thing as “National Debt.” There is, however, “the National Fleece,” and Republicans and Democrats are on board 100%.  The Federal Reserve Bank never should have seen the light of day, but since it has, it should be abolished.

The second reason is that the Federal Reserve Bank has acted irresponsibly by misplacing an estimated nine trillion dollars, imagine that, and Republicans and Democrats refuse to audit them. Now why do you suppose that is?

In conclusion, I hope I wasn’t too confusing in explaining how we are being fleeced by a bunch of crooks in Washington, D.C., via The Federal Reserve Bank. I hope that your understanding of “The National Debt” leads you to realize that this “National Fleece” is nothing more than an illegal interest on money that you lent them. In reality, we don’t owe them one red cent. If I were the president, I’d arrest them all on the charge of bank robbery. I keep on using the term “illegal” and I know what you’re thinking: if it’s illegal, why are they getting away with it?  Well, thank you, you just made my point. We’re being taken to the cleaners.