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John Stossel on ABC 20/20 (12/19/08) “While the media focuses on those billions, the Federal Reserve Bank is quietly committing trillions of your tax dollars. What collateral did the fed get for its trillions in loans? They won’t say. Where has the Fed put trillions of your dollars? The Fed won’t say. The answer to the question, “Where is the Money”? is “We don’t know!” They say, “It’s a secret”"

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FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

FreedomMovement.info Most Americans believe the Federal Reserve is a government agency. In reality, the Federal Reserve is a secretive group of private banks, run by unelected officials, which loans our government unbacked money that they are allowed to essentially print out of thin air, making each dollar in your pocket worth less all the time, and increasing our national debt to these banks. What The Federal Reserve Act of 1913 did was give this private banking cartel total monopoly over our money supply, which amounts to nothing less than a complete handover of ownership of our national government to private bankers, and they have owned it ever since. We would argue that the single greatest threat to our country today is not someone hiding in a cave over in Afghanistan, but our own fiscal irresponsibility by not freeing ourselves from the type of hegemonic control the Federal Reserve system has over country’s economic and political landscape.

A description of the process by which money is created and destroyed in the United States.

Since nixon’s evaporation of the gold standard, the US currency has been backed by little more than confidence. Confidence in the people’s lack of understanding of the monetary system that is. The federal reserve is not federal, it is privately owned. They can lend multiples of what exists in reserves, under fractional reserve banking. They control the amount of money in circulation, which comes in to existance through loans made to banks and governments. Since the money comes into existance through debt it has to be repaid, but with interest. Therefore the debt is larger than the money supply and inflation, along with defaults and bankruptcy, become permanent problems