I hope you now understand the financial musical chairs concept - it is so much a part of
us that like fish in water we normally can not see it. The byproduct is poverty and
destitution and ultimately the destruction of civilization.
Now you know why the Koran and the Christian Bible vehemently
condemn all forms of usury. Remember the story of Christ when he kicked the money changers out
of the temple. He paid with that insurrection with his life. A short time latter he was on the
cross.
Do you know that even now the Islamic Banks do not charge
interest but share the risk when they give out loans.
A 'CENTRAL BANKS' DEF'N BLACKS
Lets look a little more closely at what a central bank is. The
Bank of Canada like the The Federal Reserve Bank, a.k.a. Federal Reserve System, is a Private
Corporation.
Black's Law Dictionary defines the "Federal Reserve System" as
a: "Network of twelve central banks to which most national banks belong and to which state
chartered banks may belong.
Membership rules require investment of stock and minimum
reserves." privately owned banks own the stock of the FED.
The Bank of Canada is the 13 precinct of the Federal Reserve
System.
Federal Reserve System was explained in more detail in the
case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241
(1982), where the court said:
"Each Federal Reserve Bank is a separate corporation owned by
commercial banks in its region. The stockholding commercial banks elect two-thirds of each
Bank's nine member board of directors."
In short, Federal Reserve Banks are locally controlled by
their
member banks.
Also, according to Black's Law Dictionary, these privately
owned banks are "allowed" to issue money:
"The Federal Reserve Act, created Federal Reserve banks which
act as agents in maintaining money reserves,
issuing money in the form of bank notes, lending money to banks,
and supervising banks as administered by Federal Reserve Board (q.v.)." Thus the privately
owned Federal Reserve (FED) banks are allowed to actually issue (create) the "money" we
use.
In 1964, the House Committee on Banking and Currency,
Subcommittee on Domestic Finance, at the second session of the 88th Congress, put out a study
entitled Money Facts which contains a good description of what the FED is:
"The Federal Reserve is a total moneymaking machine. It can
issue money or checks. And it never has a problem of making its checks good because it can
obtain the $5 and $10 bills necessary to cover its check simply by asking the Treasury
Department's Bureau of Engraving to print them."
Lets look another martyr not with the initials JC but with the
initials JFK
NEXT GO TO JFK
