"Bankers are in the debt
business, and if governments are allowed to create enough money to keep
themselves and their constituents out of debt, lenders will be out of business.
The central banks charged with
maintaining the banking business therefore insist on a stable currency at all
costs, even if it means slashing services, laying off workers, and soaring debt
and interest burdens.
For the financial business to continue to boom,
governments must not be allowed to create
money themselves, either by printing it
outright or by borrowing it into existence
from their own government-owned banks." - Ellen Brown
Federal Reserve issues
stock which is held by over 2,900 banks.
The Federal Reserve pays a 6
percent dividend which amounted to $1.637 billion in 2012, the last year of
Fed Open Market Committee
creates money out of nothing!
Most "currency" is now in the form of
electronic spreadsheets, rather than paper records such as ledgers.
market operations are conducted simply by electronically increasing or
decreasing ('crediting' or 'debiting') the amount of currency that a bank has
in its reserve account at the central bank in exchange for
a fungible instrument -
an entry in an electronic
Currency magically appears when the
balance in a reserve account is increased.
newly printed currency is then used by the central bank to purchase on the
fungible instruments which may or
may not be backed with tangible financial assets, such as US bonds, foreign
currency, or gold.
the central bank sells
fungible instruments on the
open market, the amount of currency
the purchasing bank holds decreases, effectively destroying currency.
The US Treasury sells
marketable securities -
promissary notes, bonds, and
Treasury Inflation-Protected Securities (TIPS) to the public through
regular public auctions to raise the cash needed to
operate the US government and to refund maturing
Marketable securities are
securities are simply government IOU's.
Marketable securities can be bought, sold or
transferred after they issue.
securities are purchased in order to get a secure rate of interest.
At the end of the term of the
marketable security, the
US Treasury repays the principle, plus interest and the
marketable security is
destroyed - ie. the fungible instrument is
deleted from the electronic speadsheet.
For example one of the
twelve Fed banks - Boston, New York, Philadelphia, Cleveland, Richmond,
Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, San Francisco -
that make up the Federal Reserve system exchanges a fungible instrument for
$1,000,000 of marketable
securities with the US Treasury.
fractional reserve is 10% -
$10,000,000 can then be loaned on a $1,000,000 purchase of
marketable Treasury securities.
Regional Federal Reserve Banks then issues loans to regional member
To reduce the amount of money in circulation this process is
When the Federal Reserve sells marketable securities to
the public the money flows out of regional banks.
fractional reserve is 10%
- regional loans must be then reduced by ten times the amount of the US
Treasury marketable securities.
A purchase of $1,000,000 in marketable
securities results in a $10,000,000 reduction of currency in the regional
economy when fractional reserve rules are
controls the amount of currency in circulation in two ways.
way the Federal Reserve controls the amount of currency in circulation is
through the purchase and sale of marketable
The second way the Federal Reserve controls the amount
of currency in circulation is through the interest rate it charges its member
But the Federal Reserve also controls the interest rate on the
marketable securities through the purchase and sale of
When the US Treasury offers more
marketable securities than
the rate of demand of those marketable securities then
the Federal Reserve can step in and purchase the excess capacity to
keep interest rates low or the Federal
Reserve can refuse to purchase those marketable securities and the interest
rate on those marketable securities will
increase to draw in needed capital.
interest rates go up less currency
is loaned out and less currency in the
system creates contraction - recession or depression.
policy, set by the privately owned and operated Federal Reserve, is highly
independent of effective political control.
Federal Reserve is
subservient only to Bank of International
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is presented for educational purposes only.
This website defines a
new perspective with which to engage reality to which its author adheres. The
author feels that the falsification of reality outside personal experience has
forged a populace unable to discern
propaganda from reality and that this has been done purposefully by an
international corporate cartel through their agents who wish to foist a corrupt
version of reality on the human race. Religious intolerance occurs when any
group refuses to tolerate religious practices, religious beliefs or persons due
to their philosophical ideology. This web site marks the founding of a system
of philosophy named The Truth of the Way of the Lumière Infinie - a
rational gnostic mystery religion based on reason which requires no leap of
faith, accepts no tithes, has no supreme leader, no church buildings and in
which each and every individual is encouraged to develop a personal relation
with the Creator and Sustainer through the pursuit of the knowledge of reality
in the hope of curing the spiritual corruption that has enveloped the human
spirit. The tenets of The Truth of the Way of the Lumière Infinie are
spelled out in detail on this web site by the author. Violent acts against
individuals due to their religious beliefs in America is considered a "hate
This web site in no way condones violence. To the contrary the
intent here is to reduce the violence that is already occurring due to the
international corporate cartels desire to control the human race. The
international corporate cartel already controls the world central banking
system, corporate media worldwide, the global industrial military entertainment
complex and is responsible for the collapse of morals, the elevation of
self-centered behavior and the destruction of global ecosystems. Civilization
is based on coöperation. Coöperation does not occur at the point of a
American social mores and values have declined precipitously over
the last century as the corrupt international cartel has garnered more and more
power. This power rests in the ability to deceive the populace in general
through corporate media by pressing emotional buttons which have been
preprogrammed into the population through prior corporate media psychological
operations. The results have been the destruction of the family and the
destruction of social structures that do not adhere to the corrupt
international elites vision of a perfect world. Through distraction and
coercion the direction of thought of the bulk of the population has been
directed toward solutions proposed by the corrupt international elite that
further consolidates their power and which further their purposes.
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