Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By The Sleuth ​Journal
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

They Print Money Out of Thin Air and We Pay Interest On It (VIDEO)

% of readers think this story is Fact. Add your two cents.


So many people still live under the misguided idea the Federal Reserve is part of the government, part of the Treasury. The Federal Reserve is a private, off shore corporation owned and operated by and for the too big to jail banks. The Federal Reserve owns the Federal Reserve Note that is sold to the Treasury Department at interest. I can not offer a more simplistic explanation of the Federal Reserve.

Bill Posey, Republican Representative from Florida, recently questioned Federal Reserve Chairman Janet Yellen about being audited and transparency.

Mr. Posey also offered the simplest way to explain the Federal Reserve Note – “they print money out of thin air and you pay interest on it.” That is our currency. At my house we would call this either theft or fraud, the Federal Reserve calls it a business model. Think of it this way. I will hand you a stack of infinite Monopoly money, yes from the game Monopoly. Then you will give me actual, real currency, or gold or silver, for the privilege of me “loaning” you fake, worthless Monopoly money. You will also pay me interest for the “loan” at a rate of 0.75%. That is exactly how our currency system operates. Isn’t that a great scheme? Oh yeah, I will never pay taxes, nor any of my employees, while you bare the full brunt of the tax code.

Mr. Posey was questioning Yellen at a House Senate Finance meeting. Mr. Posey stayed on topic, remained focused and continually hammered on Janet Yellen about transparency, auditing and why the Federal Reserve fears their information getting out to the public. Mr. Posey offered examples of how Congress shares information, like national security issues, with the public but the Federal Reserve sees fit to keep everything secret. “Why is that?”

Mr. Posey: “Can you give me an example that would justify the lack of transparency?”

Janet Yellen: “Well, we don’t have a lack of transparency. ummm.”

Mr. Posey [interrupting]: “Well, you do if you can’t audit it.” 

That is the avenue both parties traversed for 2-3 minutes. Mr. Posey asking pointed, specific questions about auditing and transparency and Yellen continually dodging, speaking in circles and never once offering an answer to the basic question – if everything is great, why not an audit?

“The Federal Reserve is one of the most transparent central banks in the world.” Janet Yellen.

That statement should terrify people around the world. If the Federal Reserve is “one of the most transparent central banks” what in the world is going on at the ECB, BOJ and all the other Rothschild owned central banks? My goodness, those central banks must never, ever provide any information at all to the citizens they have enslaved in their respective countries.

I have been hopeful that something would change within our system and we, the people that are alive today, would somehow be able to breathe free air once again. We have never tasted the sweetness of free air as 99% of the people alive in the U.S. were born under the Federal Reserve regime. A lot of people seem to think that cryptocurrencies and blockchain technology are going to some how create an alternative system. They will point to countries like Japan and Australia passing laws that allow bitcoin to be used as currency.

Personally, what I see are two vassal states of the U.S., especially Japan, grooming citizens to accept 100% digitized currency – of any stripe. The type of digital currency is not important, what is important is this digitized, 100% transparent technology – every move can be traced – becomes part of the landscape.

As the western world continues to slide into the economic and financial abyss, I foresee another systemic collapse making what happened in 2008 look like a rounding error on a ledger sheet. The banks, central banks and governments will  not be able to contain what is happening. The only situation that will “save the world” will be a new currency – a digital currency, as all this paper money is only used by “terrorist” and “drug dealers”. viola!! The world is saved.

The Federal Reserve, the too big to jail banks and their enablers in Washington DC all derive their power and control from the counterfeit currency sold to the American people, at interest, by a privately owned, off shore corporation that is not allowed to be audited. What a scheme, what a scam!! My goodness and we just stand by and take it. Well, why does anyone think the game will change and these criminals, with vast amounts of power and technology that is probably 20-50 years ahead of what we use, why would these criminals suddenly roll over and hand over their power? They won’t.

Mr. Posey: “What do you fear about the audit? Give me a real time example.”

Janet Yellen: “So, I think the FOMC needs a space in which you can have honest conversation and deliberate in real time about the decisions that we make. um, Without having, um, political influence brought to bare and second guessing decisions we have made and opining on them possibily with the idea of reversing them.”

Allow me to translate that response from Yellen to Mr. Posey’s very simple, direct question. “If we don’t hide and keep everything secret the people will know this is a ponzi scheme and we will lose of our wealth and power.”

This system of theft and enslavement will come down. Personally, I don’t think blips-on-a-screen are going to do it – they may, but it will not be in the form of what we are seeing now. Will it look like Mr. Robot? Is Mr. Robot predictive programming? It sure looks like it. Two parallel digital currencies, with bitcoin being one of them, and a system that has been hacked and destroyed by a group of “anonymous” hackers?

Our system is going to crash and it is going to crash in our lifetime. The weight of debt is bearing down and the cracks in the system are beginning to show on a global scale. From my perspective it is only a matter of time. How we get out of this mess and move to another system is anybodies guess. It will either blow completely apart or will slip into the next incarnation and the people will become ever more enslaved. It will be our decision or lack of decision that will make the difference.

Sharing is caring!


Subscribe to The Sleuth Journal Newsletter for Daily Articles!


The post They Print Money Out of Thin Air and We Pay Interest On It (VIDEO) appeared first on The Sleuth Journal.


Source: http://www.thesleuthjournal.com/federal-reserve-money-pay-interest/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.