Federal Reserve Notes “Play Money” With Revenue
By Linda Frances Marie
Look at the paper currency you are holding in your wallet, at the center top it reads “Federal Reserve Note” issued by a private bank bookkeeping system that is not backed by The Constitution. On the front of the currency is a black circle on the left side of the $5.00 currency, it reads (United States Federal Reserve System). This is not a treasury because it does not produce or make silver or gold coins, nor does it print money. Check each one of your $1.00 currency bills. There is a circle with a letter in the center to identify the Federal bank of origin. This is to the left of the portrait embedded in a small fine black circle showing the bank of origin within the Federal Reserve System.
Each banking system has a letter A-L, The Federal Reserve Banks of; San Francisco, California (L); Bank of Richmond, Virginia (E); Bank of Atlanta, Georgia (F); Bank of Chicago, Illinois (G); Bank of Philadelphia, Pennsylvania (C); Bank of Dallas, Texas (K).” There are twelve Federal Reserve Banks in the United States. A letter and number beneath the left serial number identifies the issuing Federal Reserve Bank. There are 12 regional Federal Reserve Banks and 24 branches located in major cities throughout the United States. The Federal Reserve Banks distribute new currency for the United States Department of Treasury.
When you go to your bank and get cash, ask “Which Federal Reserve Bank is this bank getting its cash from?” Then ask the teller for bills that read at the top center “United States Note” and listen for a response.
Jerome Daly Attorney challenged the courts Federal Reserve Notes as Un-Constitutional. These Federal Reserve Notes are not lawful money within the contemplation of the Constitution of the United States and are null and void. Further, the Notes on their face are not redeemable in Gold or Silver Coin nor is there a fund set aside anywhere for the redemption of said Notes. This creation of money or credit upon the Books of the Banks constitutes the creation of fiat (arbitrary order) money by bookkeeping entry. Ninety per cent or more of the credit never leaves the books of the Banks as the Banks produce no specie as backing. When the Federal Reserve Banks and National Banks acquire United States Bonds and Securities, State Bonds and Securities, State Subdivision Bonds and Securities, mortgages on private Real property and mortgages on private personal property, the said banks create the money and credit upon their books by bookkeeping entry. The first time that the money comes into existence is when they create it on their bank books by bookkeeping entry. The banks create it out of nothing. No substantial fund of gold or silver is back of it, or any fund at all. From 1913 down to date, the Federal Reserve Banks and the National Banks are privately owned. Reference: http://usa-the-republic.com/banks/bank_1.html
You and I have been made to think and believe this system was operated by the United States of America under The Constitution but this was not true, it has grown to be a privately owned international monster. Money, Banking and the Federal Reserve is a block buster on the money system and Alan Greenspan is not happy this documentary is freely educating the public. http://video.google.com/videoplay?docid=-466210540567002553#
All printed American currency will have at the top “United States Note”. The United States is not printing currency. Virtually all of currency notes in use are Federal Reserve Notes. The Federal Reserve orders new currency from the Bureau of Engraving and Printing, which produces the appropriate denominations and ships them directly to the Federal Reserve Banks. Each note costs about four cents to produce, though the cost varies slightly by denomination. Why? Money printed in United States through the Bureau of Engraving and Printing does not carry interest or kick backs to a private Federal Reserve banking systems cartel operations.
These twelve Federal Reserve banks have grown throughout the United States using American’s money as collateral by illegal foreclosures, unexplained loans to failing and risky investments forcing a world wide recession of poverty as they continue to use everyone else’s money to freely loan to foreign countries, bankers, dictators and funding international wars without an audit.
To meet the demands of their customers, banks get cash from Federal Reserve Banks. Most medium- and large-sized banks maintain reserve accounts at one of the 12 regional Federal Reserve Banks, and they pay for the cash they get from the Fed by having those accounts debited. Some smaller banks maintain their required reserves at larger, “correspondent,” banks. The smaller banks get cash through the correspondent banks, which charge a fee for the service. The larger banks get currency from the Fed and pass it on to the smaller banks.
So, you and I pay a high price to borrow money, but wait the banks don’t want to loan us money, because they are being controlled by the Federal Reserve System. Now a new wrinkle has been created. Could the Obama Administration allege to be saving the tax payer money, by presenting an opportunity to transfer America’s wealth to an unknown banking system?
An answer with questions: As part of the Obama Administration’s Campaign to Cut Waste, Vice President Biden and Treasury Secretary Tim Geithner announced the U.S. Mint would suspend the production of Presidential dollar coins for circulation. Today, nearly 1.4 billion surplus dollar coins are sitting in Federal Reserve vaults due to lack of demand for the coins. By halting this unnecessary production, the Administration will save taxpayers at least $50 million per year in production and storage costs. The Vice President made today’s announcement at a Cabinet meeting focused on the President’s commitment to cut waste and eliminate misspent dollars across the Federal government. Reference: http://www.treasury.gov/connect/blog/Pages/Reducing-the-Surplus-Dollar-Coin-Inventory-Saving-Taxpayer-Dollars.aspx But as of December 2011, Obama is spending four million dollars of taxpayers money on a seventeen day vacation to Hawaii. Is Obama taking away from the taxpayers account to pay for balancing his over spending vacation accounts?
This is the collateral that supports the American’s currency, removing this is a violation of The Constitution. Where are they going to put all those silver coins that are backing the United States Treasury? Where is the money being shifted to and Where are all these valuable coins going to be stored or hidden?
The Constitution Article 1 Section 10. No State shall enter into Treaty, Alliance, or Confederation; grant letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law or Law impairing the Obligation of Contracts, or any Title of Nobility.
Why, is the Obama Administration and Congress allowing the United States Treasury Mint to print our money, then borrowing our printed money from the Federal Reserve System and then the Federal Reserve charges the United States interest? Adding to this money circle circus the Federal Reserve System takes our money and gives it away to foreign governments and banks making loans, charging the United States with fees and interest creating debt for our country and its future?
The Federal Reserve System are loan sharks, because they are not audited, they don’t have to follow the United States GAAP accounting principles and they are telling local community United States bankers how to loan money and these banks are being closed when they can’t meet the stress test. This is reducing the number of honest banks in each city and state, because they can’t borrow money from the United States Treasury, creating a repeat of history into a bigger recession.
Current and previous administrations along with Congress have failed to keep a budget which has affected every level of the economy, now that the public is waking up the shell game is changing to a newer version of monopoly, an international level of monopoly by changing the accounting system.
In 2014 all companies must convert from Generally Accepted Accounting Principles (GAAP) used for State and Local Governments by convergence to the International Financial Reporting Standards (IFRS). Why? Answer: To hide the funds, gold, coins, land and property allowing the volumes of local to international money to be moved around without a trace under categories, rules and procedures that lack accounting verification.
GAAP is the most detailed system in the world, auditing every penny so money cannot be hidden in bogus investments, from local to foreign corrupt fraud money buckets. Large Corporations such as Boeing and McDonalds have refused to implement IFRS, because they want to maintain accountability to their investors.
I spoke with a manager of a satellite bank branch which operated within a national retailers store under the umbrella of the New York Federal Reserve I asked if they used GAAP? Answer: NO, it was too detailed and they did not have up-to-date software. The retailer did not renew their lease this branch was attached to the play money without collateral becoming a risk for the retailer’s employees and customers.
To further understand who is behind the destruction of our economy and why it has continued, look at these four high profile males (Alan Greenspan, Robert Rubin, Timothy Geithner, Lawrence “Larry” Summers) worked their way into back door investments gambling with investor’s funds then were appointed under the Obama Administration economic team of advisers damaging the American economy. Six months later their game in the hedge funds derivatives secret bank investments caused a melt down of the financial markets a documentary aired on (PBS.org Frontline “The Warning”).
Reference: Banks Need Women Executives to Stabilize Financial Institutions, by Linda Frances Marie.
Iceland is taking back their countries banking system by exposing insurance investments, arresting and holding banking CEO’s accountable, but the controlled media won’t talk about this as it would educate the population in America.
Reference: Business, Iceland Special Prosecutor brings criminal charges against former Glitnir Bank CEO.
Reference: Catherine Austin Fitts, former U.S. Assistant Secretary of Housing/Federal Housing Commissioner. Read her reports and links to Building Personal & Family Wealth in Changing Times http://solari.com//
European grand parents who suffered through the wars never trusted the banks. They counted every penny and watched how it was invested and spent; now here we are and history is being repeated by civil unrest and dictators. It’s your money you earned it, learn how to keep it and teach your family how to keep what they have.
Funny Money quotes: http://www.the-money-cafe.com/Fools-and-Their-Money.html