The U.K. is the third-largest holder with $645.8 billion. Asdemandfalls, businesses lower prices. He fought continuously for fiscal integrity and a return to constitutional government (Reference 1). By the definition of treason, they have committed treason! He also worked as a top official in the U.S. Treasury under the George W. Bush administration and at the investment firm PIMCO. September 30, 2021 14 years, 72 days - Kenneth Montgomery Acting: September 30, 2021 July 1, 2022 274 days 14 Susan Collins: July 1, 2022 present . The Federal Reserve System has three main entities: the Board of Governors, the Federal Open Market Committee (FOMC) and 12 member banks with each of the latter representing a district of the U.S. Box 986, Tehachap, CA 93581 (8) $16 trillion in government and private debt, much of which the FED printed and collected interest on (Reference 3) (9) Northpoint Tactical Team, P.O. Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. "Daily Treasury Yield Curve Rates. In a cashless society, if you disagree with the bankers' political goals, you'll find your money gone via computer error. Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds. British bankers have stated "Those that create and issue money and credit direct the policies of government and hold in their hands the destiny of the people". "We the People" have pushed the following states to pass or introduce legislation calling for an end to the FED: Arizona, Washington, Arkansas, Idaho, Oregon, Indiana, and Texas. If the banks create ample synthetic money we are prosperous; if not, we starve. TheU.S. national debt reached the debt ceiling of $31.41 trillion in January 2023. 2021, 09:09am EDT . In a given fiscal year (FY), when spending (ex. A separate Census product, the triennial Rental Housing Finance Survey (RHFS), provided data on ownership and management of rental properties, as well as overall numbers and size ranges. Below are the top 10 countries with the largest gold holdings, with the rankings remaining unchanged from 2019. On the position of chair, David Wessel, head of the Brookings Institutes Hutchins Center on Fiscal and Monetary Policy, said, His legal power is somewhat limited, but his actual power, in fact, is very strong, because what the chairman says usually prevails. (Read more about Jerome Powell, the current chair.). ", Board of Governors of the Federal Reserve System. The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. Biden also announced three new nominees to the Fed board Sarah Bloom Raskin, for vice chair of supervision, and Lisa Cook and Philip Jefferson as governors following the resignations of Randal Quarles in November and Richard Clarida in January. The Federal Reserve has been a ball on a chain on the American public, creating debt and stringent regulation on the nation. We are absolutely without a permanent money system. So is the Fed private or public? (Reference 4) The late Thomas A Edison explained the matter of issuing currency this way: "If our nation can issue a dollar bond (interest bearing) it can issue a dollar bill (interest-free). It also started buyingTreasuries. History proves that banks profit from bankrupting a nation (Reference 22, P. 56). He is the only president to have ever done so. Tonnes: 612.5. . Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. John F. Kennedy - a President with vision! The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. The FED controls interest rates and the amount of money in the economy. In addition to streaming below,The Power of the Fedis available in FRONTLINEsonline collection of documentaries, onthePBS Video Appand on FRONTLINEsYouTubechannel. Ben Franklin said in his autobiography that the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was [one of] the PRIME reason[s] for the Revolutionary War. Second, the Fed submits to Congress a detailed Monetary Policy Report twice per year. These include check clearing, funds transfers, and automated clearinghouse operations. SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the fourth quarter and fiscal year 2022. Explore FRONTLINEs collected and ongoing reporting on Russia's war on Ukraine. Box 156, Westmont, IL 60559 (3) "The New World Order,Saving America", P.O. These banks also are partly foreign owned and control the New York FED District Bank. After the genocide in Rwanda and atrocities in Srebrenica, Bosnia, in the 1990s, the world vowed never again. Then came the conflict in Darfur, Sudan, which began 20 years ago. The chair must report on the Fed's actions to Congress. President Bidens first nomination to the Board of Governors will come this year, for the vice chair of supervision a role experts imagine he will fill with someone tough on banks. As Congress negotiates over the federal debt ceiling, cries such as "the country is going bankrupt" to "China owns us" have become the norm. To be a member of the Federal Reserve system, commercial banks must ownshares of stockin the 12 regional Federal Reserve banks. Of those, Japan has the most, followed by China. Instead, its funds come from its investments. This transfers the agencies' excess revenue to the general fund, where it's spent. . PBS is a 501(c)(3) not-for-profit organization. The media makes us think the U.N. has all the answers, and to "think globally." Dividends. I get this one a lot so it's worth some detailed explanation. Update:Quarles submitted his resignation to the board on Nov. 8, 2021. The Federal Reserve's main responsibilities include: Managing the nation's money and money supply. Casimir Frank Gierut (18) The Constitution of the United States (19) "Walls in Our Minds" by M.J. Red Beckman, Common Sense Press, P.O. Read our, The US National Debt and How It Affects You. The market value of the gold reserves based on the London Gold Fixing as of September 30, 2020 was $493.4 billion. The individuals listed below owned banks which in turn owned shares in the FED. Box 1544, Billings, MT 59103. Chart 1 presents the Federal Reserve's monthly gross purchases of agency MBS over the past decade and the MBS current coupon spread, or the yield consistent with a par value security, less the average of the five-year . How Does the Fed Influence Interest Rates? By keeping interest rates low, the Fed helped the government avoid the high-interest-rate penalty it would incur for excessive debt. If he says something publically like "Tesla owns X" and then it turns out they didn't own X at the time he said it that changes the risk/reward profile of the company from what was said. By then, the Fed had cut back on quantitative easing. Compared to the fourth quarter of 2019, attendance increased by approximately "Debt to the Penny.". The U.S. national debt is the sum of public debt that is held by other countries, the Federal Reserve, mutual funds, and other entities and individuals, as well as intragovernmental holdings held by Social Security, Military Retirement Fund, Medicare, and other retirement funds. The second method is: The Citizens allow the bank to print $500 billion in currency (cash). 1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds. Terms, Statistics Reported by Banks and Other Financial Firms in the No Constitutional republic can function when the government's money powers are in the hands of the financial oligarchy such as New York financiers. FED Chairman Burns states "[A] Killing can be made simply by knowing the next few months newspapers ahead of time." Board of Governors of the Federal Reserve System. These same bankers created a number of American depressions to change the U.S. legislation and seize our wealth. This Executive Order called for the issuance of new currency - the United States Note. These factors determine either economic prosperity or the lack thereof. The Fed also receives interest on loans it makes to its member banks. Luxembourg is next, holding $332.9 billion. By abolishing the FED, we would not pay interest on Federal Reserve Notes. (Reference 1, P. 247) Napoleon, a sympathizer for the international bankers, turned against them in the last years of his rule. Additionally, the FED started buying up the media in the 1930's and now owns or significantly influences most of it Reference 3, 10, 11, P. 145). All members of the board, or governors, also have a permanent seat on the FOMC, the body that sets U.S. monetary policy: raising or lowering interest rates, and deciding when to buy bonds from commercial banks, companies or other financial institutions. The CFR wants to convert the U.S. from a sovereign, constitutional republic into a servile member state of a one world dictatorship. The data is presented by the source as Public debt securities: Public issues held by Federal Reserve banks on TABLE OFS-1Distribution of Federal Securities by Class of Investors and Type of Issues. I replied, "No, the Fed chooses the President.". FED bankers also profit greatly from economic disasters like the Depression (Reference 22, P. 56). The Citizens do not charge the bank any interest for use of the $500 billion in printed currency. A. * England lost the Revolutionary War. Through "creative accounting" profit can easily be reclassified as expense (Reference 14, P. 20, Reference 17, P. 239). Equally as important, the Fed does not receive its funding from Congress. Each of the boards seven governors is appointed by the sitting U.S. president and confirmed by the Senate either to a full 14-year term or to fill the remainder of an unexpired term. A must read book - $2.50 (20) "The Law That Never Was" Volume I, Bill Benson & M.J. Red Beckman, P.O. ANDREW JACKSON - A GREAT PRESIDENT! U.S. Debt to China: How Much Is It, and Why? . The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. It does all this by wrecking the purchasing power of the dollar; by subtly stealing from the people of this country what it thus provides for the government, through a process exactly on par with the coin clipping of ancient kings but much less visible." The Fed communicates through frequent and detailed reports. Christopher Waller, governor, age 62 261,498,926.241. Your local police needs to read this book so they will protect you - not become United Nations Agents against you. Having an account at one of the twelve Federal Reserve Banks (a master account) is necessary for an . Why would the government owe money to itself? [1] Fourth Quarter 2022 Highlights Attendance was 4.9 million guests, a decrease of approximately 16,000 guests from the fourth quarter of 2021. Section 7 of the Federal Reserve Act, passed December 23, 1913, states that much of the profit of the FED should flow into the U.S. Treasury. We are seeking a Network Administrator to join our team supporting USARC C4IM /ITES-3S-385538 in Fort Bragg, NC. This new currency was to be distributed through the U.S. Treasury and not the Federal Reserve System. Thomas Jefferson predicted this scenario if we ever allowed a private bank, like the FED, to create our currency (Reference 1, P. 247). Banks, New Security Issues, State and Local Governments, Senior Credit Officer Opinion Survey on Dealer Financing (Reference 14, P. 17, 18, 32, 33). Federal Reserve System. When Chairman Rep. Wright Patman asked whether it was not a fact that the Federal Reserve System has more power than either the Congress or the President, Eccles replied: "In the field of money and credit, yes." Board members cant be fired over their policy opinions, only by cause, a legal term for breaking the law. Chairs are often reappointed by an incoming president, but President Trump broke this informal tradition by not reappointing Obamas pick, Janet Yellen, instead nominating the current chair, Powell. Be a member of the Fedis available in FRONTLINEsonline collection of documentaries, Video. For fiscal integrity and a return to constitutional government ( Reference 1.. 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