6139008-History-of-Money

Established by the 1913 Federal Reserve Act (secretly drawn by the BankLords in 1911 at Jekyll Island) The FederalReserve System http://www.federalreserveonline.org/ consists of 12 privately owned central banks (with 25 regionalbranches). Member banks hold the shares of the district central banks: http://woodrow.mpls.frb.fed.us/Federal Reserve Bank of AtlantaFederal Reserve Bank of BostonFederal Reserve Bank of ChicagoFederal Reserve Bank of ClevelandFederal Reserve Bank of DallasFederal Reserve Bank of Kansas CityFederal Reserve Bank of MinneapolisFederal Reserve Bank of New YorkFederal Reserve Bank of PhiladelphiaFederal Reserve Bank of RichmondFederal Reserve Bank of St. LouisFederal Reserve Bank of San Franciscoand a federal government agency with 7 governors called the Federal Reserve Board of Governors Board of Governors[Fed overview]. The New York Fed is the largest and most important of the district banks. The New York Fed reports thatits eight largest member banks on June 30, 1997 were: Chase Manhatten Bank, Citibank, Morgan Guaranty TrustCompany, Fleet Bank, Bankers Trust, Bank of New York, Marine Midland Bank, and Summit Bank.“The claim that the “advice” of the council members is not binding on the Governors or that it carries no weight is to claimthat four times a year, twelve of the most influential bankers in the United States take time from their work to travel toWashington to meet with the Federal Reserve Board merely to drink coffee and exchange pleasantries.” (Eustache Mullinsin Secrets of the Federal Reserve, p. 45). The presidential appointments, the Congressional hearings etc. are all a joke.Note that 6 or 7 US presidents (William Henry Harrison, poisoned, in 1841, Zachary Taylor, Lincoln, Garfield, McKinley andJohn F. Kennedy 1963; 7 if we count FDR’s poisoning) have been assassinated in relation to the issue of the BankLords’control over the issue of credit. The history of the Federal Reserve System in the U.S. is a study of money and power andits ability to determine World events. A small group of elitists, their successors and assigns have been able to influencepublic opinion through control of the media, elect or discharge Presidents and politicians, make wars and cause economicbooms and busts. Neither the President of the U.S., nor the Chairman of The Federal Reserve Board act independently.They both hold office at the discretion of those who control the Federal Reserve System and those wealthy elitists who areintent on establishing a New World order. Alan Greenspan said in 1966 "The abandonment of the gold standard made itpossible for the welfare statists to use the banking system as a means to an unlimited expansion of credit." Greenspan'sview changed dramatically after he became a director of J.P. Morgan and Co. and later the Fed Chairman.Member banks receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the ReserveBank's board of directors. To carry out the day–to–day operations of the Federal Reserve System—the nation's centralbank—the United States has been divided into twelve Federal Reserve Districts, each with a Reserve Bank. Reserve Banksprovide many services to depository institutions and to the public, such as processing electronic payments, currency, andchecks. They carry out many of the System's responsibilities for supervising banks. They also help in framing monetarypolicy, in part by reporting on economic developments in their regions.Section 5 of the Act calls for a member bank to buy and hold stock in a district Federal Reserve Bank equal to 6% of itscapital and surplus. For example, as of 1983, ten major New York City banks owned approximately 66% of theoutstanding stock in the Federal Reserve Bank of New York. That Bank in turn owns a portion of the stock in the FederalReserve Bank of the U.S. together with the eleven regional member banks. A review of the major stockholders of the tenNew York city banks clearly shows that a few families related by blood, marriage or business interests control those 10New York city banks, which in turn, hold the controlling stock in the Federal Reserve Bank of New York. In addition,approximately 38% of the stock of the Federal Reserve Bank of New York (as of 1983) was held by banks that aresubsidiaries of foreign banks, namely the House of Rothschild which controls the Bank of England. The fact that theFederal Reserve System is controlled by private interests is one of the best kept secrets in American history.As required by the Federal Reserve Act of 1913, each of the Reserve Banks is supervised by a board of nine directors whoare familiar with economic and credit conditions in the district. Similarly, each of the twenty-five Reserve Bank Brancheshas a board of five or seven directors who are familiar with conditions in the area encompassed by the Branch. Selectionand Representation Reserve Bank boards of directors are divided into three classes of three persons each. Class Adirectors represent the member commercial banks in the District, and most are bankers. Class B and class C directors areselected to represent the public, with due consideration to the interests of agriculture, commerce, industry, services,labor, and consumers. Class A and class B directors are elected by member banks in the District, while class C directorsare appointed by the System's Board of Governors in Washington. All head office directors serve three-year terms. Twodirectors of each Bank are designated by the Board of Governors as chairman and deputy chairman of their nine-memberboard for one-year terms.Directors cannot be members of Congress, and class B and class C directors cannot be officers, directors, or employees ofa bank. Nor can class C directors own stock in a bank. In addition, all class C directors must reside in the District for atleast two years before their appointment. Because a Reserve Bank directorship is a form of public service, directors arealso expected to avoid participation in partisan political activities. For purposes of electing directors, District memberbanks are grouped by amount of capital into three categories—small, medium, and large. Each group of banks elects oneclass A and one class B director. Branches of Federal Reserve Banks also have directors. These directors are not elected;the majority are appointed by the Reserve Bank, and the rest are appointed by the Board of Governors. The chairman of aBranch board is selected from among those appointed by the Board of Governors. Branch directors serve for either twoorthree-year terms, depending on the size of the Branch board. Directorships generally are limited to two successiveterms, to ensure a diversity of backgrounds and experience among the individuals who serve the Federal Reserve System.The Hidden History Of Money & New World Order Usury Secrets Revealed at last! Page 277