BIGGEST THEFT EVER INSIDE FEDERAL RESERVE BANK

BIGGEST THEFT EVER INSIDE FEDERAL RESERVE  BANK

BY ABDULMUMINI ADEKU

 THE OWNERSHIP OF THE FEDERAL RESERVE BANK COSTED J.F.K HIS LIFE,IT'S BEING SHROUDED IN SECRECY FOR MUCH OF ITS EXISTENCE

The greatest art of stealing ever known to mankind in all of history is currently being perpetrated at the Federal Reserve Bank of the United States of America.

Checks by The News Office Desk of Paedia Express Multimedia Group in Lagos,Nigeria shows that the bank which is the recognized apex bank of operations in The United States of America is actually a private bank owned by some very rich and powerful individual Americans and not by the government as erroneously felt generally.

In his expose now in Paedia express Library,page 26 of his literary masterpiece ,espionage author ,Mr Bill Hughes noted that though the bank has total government enforced monopoly in money before the advent of a Central Bank,each bank competed with one another and got the best deals possible.

According to him,,the U.S. today borrows money to various interests and yet operates under a massive debt regime.

His words:”common sense dictates that a policy of such enormous debt will sooner or later destroy the organization that practices it because the interests on the debt would have increased beyond its income thus making payments impossible”

“suppose the U.S. government issues a bond for this amount ,much as a water company does when it wants to raise money for a new pipeline  or a new dam”

“the government delivers this bond for the billion dollars to the Federal Reserve Bank who will in turn take the bond and write an order to the Department of Printing and Engraving ,who will then ship the bills back to the Federal Reserve Bank”

“The Federal Reserve Bank then takes the billions of dollars and then lends it to the United States of America and its people and then they pay interests at an exorbitant rate each year on this money which came practically out of nothing”

He assured that the owners of the Federal Reserve Bank put up nothing at all for this massive rip-off of the American people and the global economy.

He pointed out that when the U.S. government goes into any debt,a dollar plus the interest goes into the pockets of the owners of the Federal Reserve Bank

He insisted that the above was the most colossal theft ever known to mankind and it is so subtle and covered up by propaganda from the mainstream news media that the victims themselves are not aware.

The constitution of the United states of America gives it power through the Congress to coin money but if Congress mints coins as the constitution directs then it would not have to pay the billions of dollars of interests that it now pays annually to shylock bankers for the national debt.

Money minted or coined by The U.S. Congress would be debt free to the nation,this was one of the reforms that late President John Fitzgerald Kennedy  embarked upon  and tried to correct but paid with his life instead.

Recently ,President elect,Mr Donald  Trump told ashocked world that he knew a lot of secretes of the United States intelligence which he thinks that the public were not even aware of and quickly sighted the examples of the weapons of mass destruction affair to prove to his audience that he knew exactly what he was talking about.

………………………………………THE EIGHT FAMILY  THAT OWNS THE FEDERAL RESERVE BANK

The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.

According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation. [1]

So who then are the stockholders in these money center banks?

This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.

One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. [2]

…………………………………….WHAT THE U.S GOVT SAYS

The Federal Reserve System is not "owned" by anyone. Although parts of the Federal Reserve System share some characteristics with private-sector entities, the Federal Reserve was established to serve the public interest.
The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. This central banking "system" has three important features: (1) a central governing board--the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.
The Board of Governors in Washington, D.C., is an agency of the federal government. The Board--appointed by the President and confirmed by the Senate--provides general guidance for the Federal Reserve System and oversees the 12 Reserve Banks. The Board reports to and is directly accountable to the Congress but, unlike many other public agencies, it is not funded by congressional appropriations. In addition, though the Congress sets the goals for monetary policy, decisions of the Board--and the Fed's monetary policy-setting body, the Federal Open Market Committe--about how to reach those goals do not require approval by the President or anyone else in the executive or legislative branches of government.
Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.