Forum Post: The Fed should be the first thing we should get rid of.
Posted 12 years ago on Oct. 9, 2011, 10:41 a.m. EST by rstevens80
(1)
This content is user submitted and not an official statement
"Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it".
-Louis T. McFadden (1932)
Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.
Now to put the frosting on this cake. When was the income tax created? If you guessed 1913, the same year that the FED was created, you get a gold star. Coincidence? What are the odds? If you are going to use the FED to create debt, who is going to repay that debt? The income tax was created to complete the illusion that real money had been lent and therefore real money had to be repaid. And you thought Houdini was good.
AGREED! I really am worried about this audit the fed effort. While it sounds good, it will be an empty gesture that will defuse frustration and the movement like all these other bogus commissions that do nothing. The Fed needs to go and I think if we can educate people about what the Fed really is, its pretty easy to see this. The "greatest country in the world" should be able to print its own damn money! And you can't claim greatness if the money printed is worth less than the paper its printed on.