HOW THE FEDERAL RESERVE PRINTS MONEY
Will You Survive The Coming Financial Crash 11
© 2005 Kent Daniel Bentkowski
HOW THE FEDERAL RESERVE PRINTS MONEY
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The Federal Reserve Bank is a private, central bank, that prints what is known as fiat
currency. This is money created out of thin air, and it comes with little effort that billions
upon billions of dollars can be printed at the ridiculous sum of two-cents per bill. Whether
that bill happens to be a one-dollar note, or a one-hundred dollar note, it costs the
Federal Reserve Bank the same two-cents. After the money is printed for this
outrageously low cost, the member banks then turn around and put the money into
circulation, giving their member banks a discount rate. The friendly neighborhood bank
then lends it or passes it onto the public (you and I) at full face value.
This represents $19.98 profit on each and every twenty-dollar note!
The answer of who owns the Federal Reserve cannot be found by calling your local Federal
Reserve Bank branch. All you will receive by means of an answer is that it is the member
banks that own the Federal Reserve Bank system. While this is technically true within the
context of semantic deception, it does not address the matter of whom it is that owns the
member banks. If one should become brave enough to ask who owns each individual bank
within that system, they will be met with complete and utter silence. The teller behind the
counter does not know the answers to these questions, and no one ever bothers to inform
them of these details of ownership.
By using the name Federal Reserve Bank, the public is lead to incorrectly believe that the
Federal Reserve is somehow a part of the federal government of the United States. But,
this couldn't be further from the truth. The Federal Reserve is not a department of the
U.S. Treasury, and it cannot be found among the lengthy listing of the complete federal
government departmental structure. After many years of research, I have at last
stumbled across the list of the shareholders of the various member banks of the Federal
Reserve banking system. It may come as a surprise to find out that the list of
stockholders reads like a who's-who of the global elite --- with names such as Rockefeller,
Rothschild, Warburg, and Lehman among them.
In the book The Secrets of the Federal Reserve, the great American patriot Eustace
Mullins indicates that because the Federal Reserve Bank of New York sets interest rates
and controls the daily supply and price of currency throughout the United States, the
owners of that bank are the true owners of the entire Federal Reserve system. Mullins
states that "the shareholders of these banks which own the stock of the Federal Reserve
Bank of New York, are the people who have controlled our political and economic destinies
since 1914" [when the Federal Reserve Act was signed into law]:
· Rothschild family
· Eugene Mayer
· Israel Sieff
· Kuhn-Loeb Company
· Warburg Company
· Lehman Brothers
· Goldman-Sachs
· Rockefeller family
· J.P. Morgan interests