Saint Louis, Missouri
St. Louis Federal Reserve Bank
The Federal Reserve Bank of St. Louis was established in 1914, after the creation of the Federal Reserve System in 1913. The Eighth Federal Reserve District is headquartered in St. Louis and has branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.
The District includes all of Arkansas and portions of six other states: Missouri, Mississippi, Tennessee, Kentucky, Indiana and Illinois. The St. Louis Bank serves most of eastern Missouri and southern Illinois. See a map (PDF 209 KB).
As one of the 12 regional Reserve banks in the Fed System, the St. Louis Fed is central to America's economy. All of the Reserve banks share some degree of similar duties. But because the banks are independent of one another, each has some specialized assignments and tasks that distinguish it. The St. Louis Bank's five most-critical functions can be described as follows:
We promote stable prices and economic growth. (How we do it.)
We foster a sound financial system. (How we do it.)
We provide payment services to financial institutions. (How we do it.)
We support the U.S. Treasury's financial operations. (How we do it.)
We advance economic knowledge, community development and fair access to credit. (How we do it.)
The Federal Reserve Bank of St. Louis was established in 1914, after the creation of the Federal Reserve System in 1913. The Eighth Federal Reserve District is headquartered in St. Louis and has branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.
The District includes all of Arkansas and portions of six other states: Missouri, Mississippi, Tennessee, Kentucky, Indiana and Illinois. The St. Louis Bank serves most of eastern Missouri and southern Illinois. See a map (PDF 209 KB).
As one of the 12 regional Reserve banks in the Fed System, the St. Louis Fed is central to America's economy. All of the Reserve banks share some degree of similar duties. But because the banks are independent of one another, each has some specialized assignments and tasks that distinguish it. The St. Louis Bank's five most-critical functions can be described as follows:
We promote stable prices and economic growth. (How we do it.)
We foster a sound financial system. (How we do it.)
We provide payment services to financial institutions. (How we do it.)
We support the U.S. Treasury's financial operations. (How we do it.)
We advance economic knowledge, community development and fair access to credit. (How we do it.)
St Louis Federal Reserve President James Bullard
Bio
James Bullard
President and Chief Executive Officer
Federal Reserve Bank of St. Louis
Download photo | Curriculum Vitae (PDF 203 KB) | President Bullard's web page | Abbreviated Bio
James Bullard is president and chief executive officer of the Federal Reserve Bank of St. Louis, positions he has held since 2008. In these roles, he participates in the Federal Open Market Committee (FOMC) and directs the activities of the Federal Reserve’s Eighth District head office in St. Louis and branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.
An economist and monetary policy scholar, Dr. Bullard has been with the Bank since 1990. His research has appeared in numerous professional journals, including the American Economic Review, the Journal of Monetary Economics, Macroeconomic Dynamics and the Journal of Money, Credit and Banking. He has been a peer reviewer for more than two dozen periodicals and institutions, and currently is co-editor of the Journal of Economic Dynamics and Control. In addition, Bullard has participated in more than 150 conferences, symposia and lectures sponsored by foreign central banks, academic institutions and monetary policy groups around the world.
Bullard has called for the FOMC, the Fed’s monetary policymaking body, to adopt state-contingent policy, which is policy that is adjusted based on the state of the economy, and to give greater consideration to headline inflation than core inflation when making monetary policy decisions. He discussed the reasons to de-emphasize core inflation in his paper “Measuring Inflation: The Core Is Rotten,” published in 2011 in the Federal Reserve Bank of St. Louis’ Review. In the wake of the financial crisis, he supported quantitative easing and warned about the possibility of the United States’ falling into a Japanese-style deflationary trap. The latter was the subject of his paper “Seven Faces of ‘The Peril’,” published in 2010 in the Review.
Beyond the Fed, Bullard is an honorary professor of economics at Washington University in St. Louis, where he also sits on the advisory councils of the economics department and of the Olin Business School’s Center for Finance and Accounting Research. He is a member of the University of Missouri-St. Louis Chancellor’s Council and serves on the boards of the St. Louis Regional Chamber and Growth Association and of the United Way of Greater St. Louis.
A native of Forest Lake, Minn., Bullard received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minn.
Bullard and his wife have two children. In his spare time, he enjoys bicycling and tennis.
Bio
James Bullard
President and Chief Executive Officer
Federal Reserve Bank of St. Louis
Download photo | Curriculum Vitae (PDF 203 KB) | President Bullard's web page | Abbreviated Bio
James Bullard is president and chief executive officer of the Federal Reserve Bank of St. Louis, positions he has held since 2008. In these roles, he participates in the Federal Open Market Committee (FOMC) and directs the activities of the Federal Reserve’s Eighth District head office in St. Louis and branches in Little Rock, Ark., Louisville, Ky., and Memphis, Tenn.
An economist and monetary policy scholar, Dr. Bullard has been with the Bank since 1990. His research has appeared in numerous professional journals, including the American Economic Review, the Journal of Monetary Economics, Macroeconomic Dynamics and the Journal of Money, Credit and Banking. He has been a peer reviewer for more than two dozen periodicals and institutions, and currently is co-editor of the Journal of Economic Dynamics and Control. In addition, Bullard has participated in more than 150 conferences, symposia and lectures sponsored by foreign central banks, academic institutions and monetary policy groups around the world.
Bullard has called for the FOMC, the Fed’s monetary policymaking body, to adopt state-contingent policy, which is policy that is adjusted based on the state of the economy, and to give greater consideration to headline inflation than core inflation when making monetary policy decisions. He discussed the reasons to de-emphasize core inflation in his paper “Measuring Inflation: The Core Is Rotten,” published in 2011 in the Federal Reserve Bank of St. Louis’ Review. In the wake of the financial crisis, he supported quantitative easing and warned about the possibility of the United States’ falling into a Japanese-style deflationary trap. The latter was the subject of his paper “Seven Faces of ‘The Peril’,” published in 2010 in the Review.
Beyond the Fed, Bullard is an honorary professor of economics at Washington University in St. Louis, where he also sits on the advisory councils of the economics department and of the Olin Business School’s Center for Finance and Accounting Research. He is a member of the University of Missouri-St. Louis Chancellor’s Council and serves on the boards of the St. Louis Regional Chamber and Growth Association and of the United Way of Greater St. Louis.
A native of Forest Lake, Minn., Bullard received his doctorate in economics from Indiana University in Bloomington. He holds Bachelor of Science degrees in economics and in quantitative methods and information systems from St. Cloud State University in St. Cloud, Minn.
Bullard and his wife have two children. In his spare time, he enjoys bicycling and tennis.
St Louis Fed-President Bullard speaks with Bloomberg TV
St. Louis Fed-December "Burgundy Book" economic report
December Burgundy Book Paints a Mixed Economic Picture for the St. Louis Regional Economy
ST. LOUIS - The December edition of the Burgundy Book, the Federal Reserve Bank of St. Louis’ quarterly summary of detailed economic information and data for the St. Louis region, is now available. The St. Louis region covers 71 counties in eastern Missouri and 45 counties in southern Illinois. (To view online visit the Bank’s Web site: http://research.stlouisfed.org/regecon/district.html)
In addition, MP3 audio clips highlighting the Burgundy Book can be heard at: http://stlouisfed.org/newsroom/multimedia/audio.cfm. The audio clips feature St. Louis Fed economist Alejandro Badel commenting on several important economic indices in the St. Louis region, including labor and housing market conditions. (NOTE: Reporters who prefer to interview Mr. Badel directly should contact the St. Louis Fed.)
The St. Louis Fed will also release separate, detailed reports on the economies in its Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., regions on the same day and time.
The Burgundy Books are released approximately two weeks after the release of the Beige Book.
December Burgundy Book Paints a Mixed Economic Picture for the St. Louis Regional Economy
ST. LOUIS - The December edition of the Burgundy Book, the Federal Reserve Bank of St. Louis’ quarterly summary of detailed economic information and data for the St. Louis region, is now available. The St. Louis region covers 71 counties in eastern Missouri and 45 counties in southern Illinois. (To view online visit the Bank’s Web site: http://research.stlouisfed.org/regecon/district.html)
In addition, MP3 audio clips highlighting the Burgundy Book can be heard at: http://stlouisfed.org/newsroom/multimedia/audio.cfm. The audio clips feature St. Louis Fed economist Alejandro Badel commenting on several important economic indices in the St. Louis region, including labor and housing market conditions. (NOTE: Reporters who prefer to interview Mr. Badel directly should contact the St. Louis Fed.)
The St. Louis Fed will also release separate, detailed reports on the economies in its Little Rock, Ark., Louisville, Ky., and Memphis, Tenn., regions on the same day and time.
The Burgundy Books are released approximately two weeks after the release of the Beige Book.
Source-The real news journal
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.
The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has
YET TO BE ACTED ON.
Congressman McFadden’s Speech
The Federal Reserve-A Corrupt Institution
“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, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
“Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. “Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.
“In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.
“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to control us from the top downward, and from the cradle to the grave.
“The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.
Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry
On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.
The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has
YET TO BE ACTED ON.
Congressman McFadden’s Speech
The Federal Reserve-A Corrupt Institution
“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, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation’s debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over.
“This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Fed and through the corrupt practices of the moneyed vultures who control it.
“Some people who think that the Federal Reserve Banks United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lender. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into states to buy votes to control our legislatures; there are those who maintain International propaganda for the purpose of deceiving us into granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.
“These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions. Those bankers took money out of this Country to finance Japan in a war against Russia. They created a reign of terror in Russia with our money in order to help that war along. They instigated the separate peace between Germany and Russia, and thus drove a wedge between the allies in World War. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun breaking up of American homes and the dispersal of American children. “Mr. Chairman, there should be no partisanship in matters concerning banking and currency affairs in this Country, and I do not speak with any.
“In 1912 the National Monetary Association, under the chairmanship of the late Senator Nelson W. Aldrich, made a report and presented a vicious bill called the National Reserve Association bill. This bill is usually spoken of as the Aldrich bill. Senator Aldrich did not write the Aldrich bill. He was the tool, if not the accomplice, of the European bankers who for nearly twenty years had been scheming to set up a central bank in this Country and who in 1912 has spent and were continuing to spend vast sums of money to accomplish their purpose.
“We were opposed to the Aldrich plan for a central bank. The men who rule the Democratic Party then promised the people that if they were returned to power there would be no central bank established here while they held the reigns of government. Thirteen months later that promise was broken, and the Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free Country the worm-eaten monarchical institution of the “King’s Bank” to control us from the top downward, and from the cradle to the grave.
“The Federal Reserve Bank destroyed our old and characteristic way of doing business. It discriminated against our 1-name commercial paper, the finest in the world, and it set up the antiquated 2-name paper, which is the present curse of this Country and which wrecked every country which has ever given it scope; it fastened down upon the Country the very tyranny from which the framers of the Constitution sough to save us.
Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry
Source-Tulsachange.com: Fed Reserve info
Source-Unexplained Mysteries.com; FEDERAL RESERVE ACT TO EXPIRE ON DECEMBER 23RD 2012???
2012 and the economy
Columnist: Phillip Tilley
To solve a problem, you have to first know you have a problem. Most of us fail to recognize that in fact there is a problem, and there lies the problem. The problem is, we actually believe we are a free people living in a free country with a robust free market economy. We think we elect the government officials that run this country. This is what the New World Order wants you to think.
It’s closer to the truth to say that at the turn of the twentieth century, a group of monied elite overthrew the government of the United States. It has been said we have the best Congress money can buy, and certainly bribery, blackmail and betrayal are not new to American Government.
On December 23, 1913, during Christmas break, with most of the Congressmen home with their families, the monied elite in Congress that stayed in Washington D.C. passed the Federal Reserve Act. It was quickly signed into law before the other members of Congress could get back to Washington D.C. to do anything about it.
This is significant because up until then, the Constitution of the U.S. states that only the Treasury could issue legal money. They did this by minting gold and silver coins and printing Treasury Notes that were backed by gold and silver. Now however, this responsibility to issue legal tender currency (not money, currency) would be shared with a group of twelve privately owned banks that would collectively become known as the Federal Reserve, even though they were not Federal and had no reserve.
The Federal Reserve would be allowed to print and issue Federal Reserve Notes, a currency know as a fiat currency or backed by not gold or silver, but by nothing at all! Furthermore, if other banks needed additional funds, they had to request them from the Federal Reserve Bank in their area. Likewise banks were not allowed to keep excessive funds in their vaults. These had to be surrendered to the Federal Reserve Bank in their area. Now the Federal Reserve was in control of the Nations currency and money supply.
It wasn’t long before a rift started. When banks had an excess of funds, what they surrendered to the area Federal Reserve Bank was Federal Reserve Notes or other paper money. That was not what the Federal Reserve wanted. They wanted the gold and silver sent to them. So to punish the bankers who held out the good stuff from them, the next time those banks needed additional funds, the Federal Reserve refused to deliver them. This caused those banks to actually run out of money. The Federal Reserve actually put them out of business because they wouldn’t play ball with them.
Monied elite interests that controlled the media at the time, (and for the most part still do) leaked the fact that some banks were running out of money. This created a public panic and citizens rushed to their local banks to draw out their money. As banks funds ran low, the Federal Reserve would send funds only to those banks that had in the past surrendered gold and silver to them. They gave nothing to the other banks, thus putting their competition, those that opposed a worthless currency, out of business.
This went on for about a year and a half until President FDR was elected. Being one of the monied elite and in league with the Federal Reserve, FDR declared a banking emergency and shut down all banks in the Nation for six days. This of course predictably caused an even larger public panic. Banks were re-opened and FDR issued Executive Order #6120 which made it illegal to own gold as a private citizen. All gold was to be surrendered to the Treasury or the Federal Reserve.
Understand something here, the Government of this Nation is of the people, by the people and for the people. That means the Government owns nothing of its own, it is only entrusted with assets which belong to the people of this Nation. The Nations gold supply is really the peoples gold supply, that means you, all of you!
It is interesting that the Federal Reserve Banks did not want to accept their own Federal Reserve Notes. If a chef won’t eat their own cooking you shouldn’t either. For the job of controlling the Nations money supply, the Federal Reserve gets paid a fee known as Seigniorage. This fee is not paid to them in Federal Reserve Notes. They refuse to accept them as payment because they know they are worth nothing. They are paid in Gold Certificates which are redeemable for only one thing, GOLD! If gold isn’t real money, why is it important that it is the only payment the Federal Reserve will accept? Think about that, I mean really…think about it!
The whole conspiracy was sinister and slow. Take 1% of the Nations gold as payment every year so nobody will notice. 1% is a small amount for a year, however that only lasts 100 years before it is all gone. Remember the Federal Reserve Act was passed on December 23, 1913. That means that at or around December 21, 2012, the date the Mayan calendar predicts destruction of life because (the Earth will move), the Nation will run out of gold to pay the Federal Reserve.
Another term for the Earth moving is a shake-up or upheaval.
In case you are too poor to pay attention, this Nation is in an economic crisis, and every move being made doesn’t seem to be able to fix it. That’s because fake money (Federal Reserve Notes) do not act like real money. The mechanics that govern money do not work on the credit debt currency that we are forced to use. In a couple of years when we no longer have gold to pay the Federal Reserve, what do you suppose will happen?
The Federal Reserve has suggested combining the currencies of Canada, the U.S. and Mexico into one currency called the Amero. You would be able to exchange your Federal Reserve Notes for Amero at 10 dollars for one Amero. Think about that! That’s a ten to one reverse split and it may even be 15 or 20 to one if they can get away with it. That would make your Federal Reserve Notes worth about a nickel, but then truly it already is against the real dollar.
It is only going to get worse and complete collapse of our economy is eminent. Some people want the Money Matrix to continue because they feel warn and fuzzy and are comfortable where they are in the system. But just as in the movie “The Matrix” where Neo wants to pull the plug on the system, if you don’t wake up now, it will be too late. Wake up people, the Money Matrix has you!
Phillip Tilley is author of The Money Matrix of the New World Order and other articles.
Source-Tulsachange.com: Federal Reserve Info
2012 and the economy
Columnist: Phillip Tilley
To solve a problem, you have to first know you have a problem. Most of us fail to recognize that in fact there is a problem, and there lies the problem. The problem is, we actually believe we are a free people living in a free country with a robust free market economy. We think we elect the government officials that run this country. This is what the New World Order wants you to think.
It’s closer to the truth to say that at the turn of the twentieth century, a group of monied elite overthrew the government of the United States. It has been said we have the best Congress money can buy, and certainly bribery, blackmail and betrayal are not new to American Government.
On December 23, 1913, during Christmas break, with most of the Congressmen home with their families, the monied elite in Congress that stayed in Washington D.C. passed the Federal Reserve Act. It was quickly signed into law before the other members of Congress could get back to Washington D.C. to do anything about it.
This is significant because up until then, the Constitution of the U.S. states that only the Treasury could issue legal money. They did this by minting gold and silver coins and printing Treasury Notes that were backed by gold and silver. Now however, this responsibility to issue legal tender currency (not money, currency) would be shared with a group of twelve privately owned banks that would collectively become known as the Federal Reserve, even though they were not Federal and had no reserve.
The Federal Reserve would be allowed to print and issue Federal Reserve Notes, a currency know as a fiat currency or backed by not gold or silver, but by nothing at all! Furthermore, if other banks needed additional funds, they had to request them from the Federal Reserve Bank in their area. Likewise banks were not allowed to keep excessive funds in their vaults. These had to be surrendered to the Federal Reserve Bank in their area. Now the Federal Reserve was in control of the Nations currency and money supply.
It wasn’t long before a rift started. When banks had an excess of funds, what they surrendered to the area Federal Reserve Bank was Federal Reserve Notes or other paper money. That was not what the Federal Reserve wanted. They wanted the gold and silver sent to them. So to punish the bankers who held out the good stuff from them, the next time those banks needed additional funds, the Federal Reserve refused to deliver them. This caused those banks to actually run out of money. The Federal Reserve actually put them out of business because they wouldn’t play ball with them.
Monied elite interests that controlled the media at the time, (and for the most part still do) leaked the fact that some banks were running out of money. This created a public panic and citizens rushed to their local banks to draw out their money. As banks funds ran low, the Federal Reserve would send funds only to those banks that had in the past surrendered gold and silver to them. They gave nothing to the other banks, thus putting their competition, those that opposed a worthless currency, out of business.
This went on for about a year and a half until President FDR was elected. Being one of the monied elite and in league with the Federal Reserve, FDR declared a banking emergency and shut down all banks in the Nation for six days. This of course predictably caused an even larger public panic. Banks were re-opened and FDR issued Executive Order #6120 which made it illegal to own gold as a private citizen. All gold was to be surrendered to the Treasury or the Federal Reserve.
Understand something here, the Government of this Nation is of the people, by the people and for the people. That means the Government owns nothing of its own, it is only entrusted with assets which belong to the people of this Nation. The Nations gold supply is really the peoples gold supply, that means you, all of you!
It is interesting that the Federal Reserve Banks did not want to accept their own Federal Reserve Notes. If a chef won’t eat their own cooking you shouldn’t either. For the job of controlling the Nations money supply, the Federal Reserve gets paid a fee known as Seigniorage. This fee is not paid to them in Federal Reserve Notes. They refuse to accept them as payment because they know they are worth nothing. They are paid in Gold Certificates which are redeemable for only one thing, GOLD! If gold isn’t real money, why is it important that it is the only payment the Federal Reserve will accept? Think about that, I mean really…think about it!
The whole conspiracy was sinister and slow. Take 1% of the Nations gold as payment every year so nobody will notice. 1% is a small amount for a year, however that only lasts 100 years before it is all gone. Remember the Federal Reserve Act was passed on December 23, 1913. That means that at or around December 21, 2012, the date the Mayan calendar predicts destruction of life because (the Earth will move), the Nation will run out of gold to pay the Federal Reserve.
Another term for the Earth moving is a shake-up or upheaval.
In case you are too poor to pay attention, this Nation is in an economic crisis, and every move being made doesn’t seem to be able to fix it. That’s because fake money (Federal Reserve Notes) do not act like real money. The mechanics that govern money do not work on the credit debt currency that we are forced to use. In a couple of years when we no longer have gold to pay the Federal Reserve, what do you suppose will happen?
The Federal Reserve has suggested combining the currencies of Canada, the U.S. and Mexico into one currency called the Amero. You would be able to exchange your Federal Reserve Notes for Amero at 10 dollars for one Amero. Think about that! That’s a ten to one reverse split and it may even be 15 or 20 to one if they can get away with it. That would make your Federal Reserve Notes worth about a nickel, but then truly it already is against the real dollar.
It is only going to get worse and complete collapse of our economy is eminent. Some people want the Money Matrix to continue because they feel warn and fuzzy and are comfortable where they are in the system. But just as in the movie “The Matrix” where Neo wants to pull the plug on the system, if you don’t wake up now, it will be too late. Wake up people, the Money Matrix has you!
Phillip Tilley is author of The Money Matrix of the New World Order and other articles.
Source-Tulsachange.com: Federal Reserve Info
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