Friday, July 11, 2008

The Final Globalization Of The US Banking System By The Federal Reserve

We live in a globalized world-a world without barriers or borders, which means every aspect of our economic structure has to change. A private corporation, we call the Federal Reserve, controls the majority of our monetary system. To understand the new set of powers being advanced by the U.S. Treasury Department to the Federal Reserve, we first must recognize that the Federal Reserve Act passed in 1913 never gave them (the Feds) total power over our economy.
To appreciate the importance of what is currently taking place, we must first realize that as a private corporation, the Federal Reserve is not required to make public who sits on their board of Directors nor who or what banks and corporations hold stock in their private company। Additionally, they are not required to publish an annual report, and I am told, they pay no taxes। So why is it that the American people cannot forgive themselves the interest on their debt? It is because it is owed to a private corporation! - Continue

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