Richard Rowland

Brother Nathanael explains how the system works.

http://www.realjewnews.com/?p=1378

MR Mister Loc: Washington DC

Huumm!

badbob85037

To print a sheet of bills cost $65.00 weather it's 1's or 100's The feds buy that sheet of bills for printing cost then sell it back to the government at full face value plus interest. The Federal Reserve Act was passed by a bunch of criminal democRats during a Christmas break when Congress was home with their families. Round up these bankers and democRats and try them crimes against humanity since they have started every war since the French Revolution profiting from both sides. These criminals are why a car cost $3.000 in the 60's and cost $30,000 today. These bankers have k**led presidents. Andrew Jackson on his death bed was asked what was his biggest accomplishment, he said "I k**led the bank" so a group of bottom of the barrel democRats could turn around allowing them to steal it back.

MR Mister Loc: Washington DC

I have to say the worst thing is knowing what the problem is and not doing anything to fix it.

permafrost Loc: Minnesota

great subject, if you have a link to the cost of printing.. I would like to read it..

Your comments on Christmas and Democrats is sorta correct, but the plan was most like the Republican plan.

This is a fairly concise article but to long for posting, follow the link, it is very interesting how the FED came to exist..

The FED is the 3rd or 4th national bank system this country has had. It also seems much better of the group..



https://en.wikipedia.org/wiki/History_of_the_Federal_Reserve_System

The chief of the bipartisan National Monetary Commission was financial expert and Senate Republican leader Nelson Aldrich. Aldrich set up two commissions – one to study the American monetary system in depth and the other, headed by Aldrich, to study the European central-banking systems and report on them.[5]

n 1910, Aldrich and executives representing the banks of J.P. Morgan, Rockefeller, and Kuhn, Loeb & Co., secluded themselves for ten days at Jekyll Island, Georgia.[5] The executives included Frank A. Vanderlip, president of the National City Bank of New York, associated with the Rockefellers; Henry Davison, senior partner of J.P. Morgan Company; Charles D. Norton, president of the First National Bank of New York; and Col. Edward M. House, who would later become President Woodrow Wilson's closest adviser and founder of the Council on Foreign Relations.[6] There, Paul Warburg of Kuhn, Loeb, & Co. directed the proceedings and wrote the primary features of what would be called the Aldrich Plan. Warburg would later write that "The matter of a uniform discount rate (interest rate) was discussed and settled at Jekyll Island." Vanderlip wrote in his 1935 autobiography From Farmboy to Financier:[7]

After months of hearings, amendments, and debates the Federal Reserve Act passed Congress in December, 1913. The bill passed the House by an overwhelming majority of 298 to 60 on December 22, 1913[14] and passed the Senate the next day by a v**e of 43 to 25.[15] An earlier version of the bill had passed the Senate 54 to 34,[16] but almost 30 senators had left for Christmas vacation by the time the final bill came to a v**e.

In its final form, the Federal Reserve Act represented a compromise among three political groups. Most Republicans (and the Wall Street bankers) favored the Aldrich Plan that came out of Jekyll Island. Progressive Democrats demanded a reserve system and currency supply owned and controlled by the Government in order to counter the "money trust" and destroy the existing concentration of credit resources in Wall Street. Conservative Democrats proposed a decentralized reserve system, owned and controlled privately but free of Wall Street domination. No group got exactly what it wanted. But the Aldrich plan more nearly represented the compromise position between the two Democrat extremes, and it was closest to the final legislation passed.[6]