THE FEDERAL RESERVE

Post #38

A cartel of eight families owns the Federal Reserve and other central banks around the world. They are Goldman Sachs of New York, Rockefeller Brothers of New York, Rothschild Banks of London and Berlin, Lazard Brothers of Paris, Israel Moses Sieff Banks of Italy, Kuhn and Loeb and Company of Germany and New York, and the Warburg Bank of Hamburg and Amsterdam. The Federal Reserve is listed in the telephone book’s white pages, while the US Treasury is listed in the yellow pages. Fed employees’ email address ends in .org, not .gov.

Starting with Mayer Amschel Rothschild (1743-1812), the Rothschild family first prospered by lending to individuals and businesses but found it was more profitable to engage with governments. They create demand by instigating wars, financial panics, revolutions, famines, pandemics, and depressions while hiding their identity. Europeans have named the Rothschild’s “The Merchants of Death” or sometimes “The Brotherhood of Death.” Like the Wizard in the Wizard of Oz, they hide behind a screen while masterminding events. The play “Marmion” by Sir Walter Scott describes modern-day banking “Oh what a tangled web we weave, when first we practice to deceive.”

Commercial banks can multiply money, but only central banks can create money. Before the banking system can multiply money, someone has to make a deposit. But the Federal Reserve does not need a deposit; it can create money by merely pushing a few keys on its computer to credit a client’s account by X amount. All currencies are debt instruments; they are floating abstractions that profit the world’s bankers. At the top of a dollar bill is printed “Federal Reserve Note.” A note is an IOU; it is an agreement to pay interest to the Federal Reserve. Dollars come into existence when the government sells bonds to the Federal Reserve. Therefore, we pay interest to the bankers. The Bureau of Engraving and Printing converts only a tiny fraction of this borrowed money into physical dollars.

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Published by Kenneth E. Long

Author, college professor of economics, swimming and tennis enthusiast

2 thoughts on “THE FEDERAL RESERVE

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