First Audit In Feds 100 Year History, Exposing America’s Federal Reserve System

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First Audit In Feds 100 Year History, Exposing America’s Federal Reserve System

Posted By: Maryhrt [Send E-Mail]
Date: Saturday, 14-Dec-2013 01:00:45

I thought you might find this sickly humorous yet interesting. On the Federal Reserve site, http://www.federalreserve.gov/faqs/about_14986.htm , this is listed at the top of the page: Who owns the Federal Reserve? The Federal Reserve System fulfills its public mission as an independent entity within government. It is not "owned" by anyone and is not a private, profit-making institution. "NOT OWNED BY ANYONE AND IS NOT A PRIVATE, PROFIT-MAKING INSTITUTION" makes it appear that the federal government owns it. Not owned by ANYONE?? How can that be? We know it is owned by a group of private bankers.. Hey, maybe they really are not people. We know they have no hearts. "Not a private, profit-making institution" is a flat lie. Everything they make is profit except for their overhead and it would not surprise me if the government pays that. Anyway, we know they will say anything to try to throw people off the scent. I remember reading about a year ago a statement from someone in the government said that the (fraudulent) debt owed to the Federal Reserve was so high that it would not matter how much taxes are raised nor how much the budget is reduced, we could NEVER pay it off. Do you realize that statement is saying that if they applied every cent that every American makes and the government spent nothing, we still could never get that debt paid? I would say that is not a bad gig for the criminal bankers at all. In a documentary once, it said that the first Federal Reserve Bank was created by the US government making the initial deposit and the Federal Reserve made a matching deposit by way of writing a check on the money just deposited by the government, thereby putting no money up at all. (I would like to offer a deal to the government with all the same terms only never charging over 1/4% interest.) I cannot find any truth in an expiration date of the Fed. I cannot find where there is one or that there was a contract for 100 yrs. I can tell you that the Federal Reserve only pays for the cost of printing. A stack of $100s costs the same as a stack of ones!!! Now ask yourself, WHY, IF THE THE FEDERAL RESERVE WAS A GOVERNMENT OPERATION, WOULD WE OWE MONEY TO OURSELVES??!!! Something else you might have a challenge swallowing is, EVERY TAX DOLLAR EVER PAID GOES TO THE FEDERAL RESERVE, THE PRIVATE BANKERS, AND NARY A PENNY E V E R E V E R PAYS ANY OF THE GOVERNMENT'S EXPENSES!!!! Heck, even Ronald Reagan said that while he was in office. Americans are screwed over and over and never flinch. In all honesty, I would like to say that this is the biggest fraud ever perpetrated on the American people. However, it is not. The biggest FRAUD is the unlawful corporate government sitting in DC posing as our Republic government, unlawfully passing legislation upon the good People in these united States and working daily attempting to enslave us all. This began as soon as the southern States seceded from the Union just before the Civil War. That secession broke up the Union and Lincoln ceased to be the President at that point in time and Congress adjourned sine die without plans to return. There NEVER has been a treaty between the States to rejoin the Union. The governors of the seceding States were forced back in by gunpoint not by agreement. The bottom line here is, THERE IS A LOT OF REPAIR THAT NEEDS TO TAKE PLACE AND EVERYTHING THAT HAS BEEN DONE SINCE THAT SECESSION IS ILLEGAL AND UNLAWFUL!!! The American People are sorely missing in the education department and that is quite deliberate. They would never have been able to pull this off if we were educated properly. - Mary First Audit In Feds 100 Year History, Exposing America’s Federal Reserve System (Video) Friday, December 13, 2013 8:37 0 (Before It's News) Most Americans, if they have heard anything at all about the Federal Reserve, believe it is an agency of the United States Government. This is false. The Federal Reserve is not “owned” by anyone, it is a profit-making institution. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. Below you will see charts that break down the history of the Fed and it’s owners and shareholders back to the Federal Reserves Founding in 1913.. Before we get into the Federal Reserves chain of command that you will see below, I want to give you some history on the Feds monetary policy. Let’s start with the first and only audit of the Federal Reserve in it’s 100 year history. This is the victory that Ron Paul was responsible for, yet Mainstream Media covered it all up. In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve. The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage on July 21 2011. What was revealed in the audit was startling: The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows.. Citigroup: $2.5 trillion ($2,500,000,000,000) Morgan Stanley: $2.04 trillion ($2,040,000,000,000) Merrill Lynch: $1.949 trillion ($1,949,000,000,000) Bank of America: $1.344 trillion ($1,344,000,000,000) Barclays PLC (United Kingdom): $868 billion ($868,000,000,000) Bear Sterns: $853 billion ($853,000,000,000) Goldman Sachs: $814 billion ($814,000,000,000) Royal Bank of Scotland (UK): $541 billion ($541,000,000,000) JP Morgan Chase: $391 billion ($391,000,000,000) Deutsche Bank (Germany): $354 billion ($354,000,000,000) UBS (Switzerland): $287 billion ($287,000,000,000) Credit Suisse (Switzerland): $262 billion ($262,000,000,000) Lehman Brothers: $183 billion ($183,000,000,000) Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000) BNP Paribas (France): $175 billion ($175,000,000,000) and many many more including banks in Belgium of all places. The following is the amount of stimulus that the Fed has injected into the economy since 2008, as you will notice, the Fed has to continually stimulate the economy more and more each year. You will be able to see that in 2012 the Federal Reserve committed to 85 Billion a month which is still flowing today. How can this be sustainable? November 25, 2008 Fed unveils $800 billion plan to bolster lending, housing With financial markets still not working smoothly two months after almost shutting down, the Federal Reserve unveils steps aimed at lowering borrowing costs for consumers and home buyers. The central bank announces plans to purchase up to $100 billion in direct debt of Fannie Mae, Freddie Mac and the Federal Home Loan Banks, along with up to $500 billion of mortgage-backed securities backed by Fannie, Freddie and Ginnie Mae (the government-sponsored enterprises, also known as GSEs). March 18, 2009 Federal Reserve to buy $300 billion in longer-term Treasury bonds The Federal Reserve says it will buy $300 billion in longer-term Treasury bonds to help arrest a deepening slide in the U.S. economy, a surprise move that send stocks soaring and triggers violent moves in other markets. The Federal Reserve’s move signals it will boost the size of its balance sheet to more than $4 trillion. Following the Fed decision, gold futures and U.S. stocks rally, while the dollar plunges against other major currencies. In the bond market, Treasury prices soar, sending yields plummeting by the largest amount since 1987. November 3, 2010 Federal Reserve to buy $600 billion in bonds The Federal Reserve pledges to start a controversial new $600 billion bond-buying spree to rescue the economy from its current doldrums. The FOMC says it will buy up to $600 billion in long-term Treasurys until the end of June 2011, including about $75 billion this month. This is the second time the Fed engages in quantitative easing, as it snapped up $1.7 trillion in mostly housing-related assets between December 2008 and March 2010. September 21, 2011 Federal Reserve moves to lower interest rates on consumer loans with a $400 billion debt-swap program In a statement, the Fed says it will buy $400 billion of Treasury securities in the 6- to 30-year range and sell an equal amount of maturities of 3 years or less. The purchases to be completed by the end of June 2012. The Fed also announces a new plan to purchase agency mortgage-backed securities with proceeds of maturing securities. The Dow Jones Industrial Average closes down 283.82 points, or 2.5%, at 11,124.84. June 20, 2012 Fed extends ‘Operation Twist’ The Fed says it will extend its holdings of long-term government bonds by $267 billion in another effort to bring down borrowing costs. September 13, 2012 Fed to launch QE3 by buying mortgage securities By an 11-to-1 vote, the Federal Reserve decides to launch a third round of open-ended bond purchases — so-called QE3 — saying it will buy $40 billion of agency mortgage-backed securities per month. The Fed also says it will keep its so-called Operation Twist in place, which consists of swapping short-dated securities for longer-term securities, as well as reinvesting the proceeds of maturing securities. December 12, 2012 Fed to buy more bonds as it sets jobless target The Federal Reserve announces a fresh bond-buying program worth $45 billion per month of longer-term Treasurys in another effort to reduce what the central bank calls an “elevated” unemployment rate. Without the action, the Fed purchases would have been reduced at year-end when an existing program to swap short-term debt for longer-term Treasurys is set to expire. January 14, 2013 Bernanke downplays inflation risk of QE3 Federal Reserve Chairman Ben Bernanke plays down the fears of some more hawkish central bankers and investors that the Fed’s aggressive bond-buying program will lead to higher inflation. “I don’t believe significant inflation is going to be the result of any of this,” Bernanke says in a speech at the University of Michigan. May 22, 2013 Bernanke tells Congress ‘step down’ in QE could come soon Federal Reserve Chairman Ben Bernanke tells Congress that the U.S. central bank could slow down its asset purchase program in the next few months. U.S. stocks slide with the Dow Jones Industrial Average dropping 80.41 points, or 0.5%, to 15,307.17. June 19, 2013 Bernanke says the central bank may scale back its bond purchases this year, depending on the economic outlook Ben Bernanke says the Fed could begin to taper its purchase of bonds later this year, if the economy continues to improve as Fed officials expect. And the Fed could end the bond-buying completely sometime in the middle of next year, if everything goes well. The markets promptly sell off, as they did a few weeks ago when Bernanke first mentioned the possibility of a reduction in the $85 billion pace of bond purchases. In an interview aired the day prior, President Barack Obama tells Charlie Rose that “Ben Bernanke’s a little bit like Bob Mueller, the head of the FBI, where he’s already stayed a lot longer than he wanted or he was supposed to.” Rumors about Bernanke’s career plans had already been swirling, but the President’s statement forces Fed watchers to start seriously considering a post-Bernanke era. Bernanke has served as chairman of the Fed since 2006, with his second term set to end on Jan. 31, 2014. September 18, 2013 Fed decides not to taper The Federal Reserve holds its asset purchase program steady, putting off any decision for tapering until later in the year in a decision that surprises markets. By a vote of 9-to-1, the Fed holds its bond-buying program at $85 billion, citing tighter financial conditions. S&P 500, Dow rise to record closing highs. The history of QE shows that the Fed increases the amount of QE each year. This is unstainable! As you will see in the next 2 videos, Ron Paul continues to ask for more transparency from the Federal Reserve. Then Dr Paul goes on to discuss Janet Yellen, Yellen will replace Ben Bernanke as chairman of the Federal Reserve in 2014. Yellen claims to have an appetite for transparency, can the American people believe her? This Video is Janet Yellen explaining why she will continue to print more currency and why she opposes more transparency from the Fed. Janet Yellen will be Ben Bernanke on steriods. Will there ever be another audit of the Fed? It’s highly unlikey with the players on the Federal Reserve stage at this time. Now onto the history of the Federal Reserve, it’s founders and it’s share holders. I have included the source of the information above each chart. Chart 1 Source: ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** – – Published 1976 Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control. N.M. Rothschild , London - Bank of England ______________________________________ | | | J. Henry Schroder | Banking | Corp. | | Brown, Shipley - Morgan Grenfell - Lazard - | & Company & Company Brothers | | | | | --------------------| -------| | | | | | | | | Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---| & Son | Harriman Norman | Paris Bros | | | / | N.Y. | | | | | | | | Governor, Bank | J.P. Morgan Co -- Lazard ---| | of England / N.Y. Morgan Freres | | 1924-1938 / Guaranty Co. Paris | | / Morgan Stanley Co. | / | / | Schroder Bank | / | Hamburg/Berlin | / Drexel & Company / | / Philadelphia / | / / | / Lord Airlie | / / | / M. M. Warburg Chmn J. Henry Schroder | | Hamburg --------- marr. Virginia F. Ryan | | | grand-daughter of Otto | | | Kahn of Kuhn Loeb Co. | | | | | | Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y. | | -------------------------- | | | | | | | | Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn | | __|______________________|_________ Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg - ------------------------- | | | | | Mortimer Schiff James Paul Warburg _____________|_______________/ | | | | | | Mayer Lehman | Emmanuel Lehman | | | Herbert Lehman Irving Lehman | | | Arthur Lehman Phillip Lehman John Schiff/Edith Brevoort Baker / | Present Chairman Lehman Bros / Robert Owen Lehman Kuhn Loeb - Granddaughter of / | George F. Baker | / | | / | | / Lehman Bros Kuhn Loeb (1980) | / | | / Thomas Fortune Ryan | | | | | | Federal Reserve Bank Of New York | |||||||| | ______National City Bank N. Y. | | | | | National Bank of Commerce N.Y ---| | | | Hanover National Bank N.Y. | | | Chase National Bank N.Y. | | | | Shareholders - National City Bank - N.Y. | - ----------------------------------------- | | / James Stillman / Elsie m. William Rockefeller / Isabel m. Percy Rockefeller / William Rockefeller Shareholders - National Bank of Commerce N. Y. J. P. Morgan ----------------------------------------------- M.T. Pyne Equitable Life - J.P. Morgan Percy Pyne Mutual Life - J.P. Morgan J.W. Sterling H.P. Davison - J. P. Morgan NY Trust/NY Edison Mary W. Harriman Shearman & Sterling A.D. Jiullard - North British Merc. Insurance | Jacob Schiff | Thomas F. Ryan | Paul Warburg | Levi P. Morton - Guaranty Trust - J. P. Morgan | | Shareholders - First National Bank of N.Y. - ------------------------------------------- J.P. Morgan George F. Baker George F. Baker Jr. Edith Brevoort Baker US Congress - 1946-64 | | | | | Shareholders - Hanover National Bank N.Y. - ------------------------------------------ James Stillman William Rockefeller | | | | | Shareholders - Chase National Bank N.Y. - --------------------------------------- George F. Baker Chart 2 Source: ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** – – Published 1983 The J. Henry Schroder Banking Company chart encompasses the entire history of the twentieth century, embracing as it does the program (Belgium Relief Commission) which provisioned Germany from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and even at the present time, having two of its major executives of its subsidiary firm, Bechtel Corporation serving as Secretary of Defense and Secretary of State in the Reagan Administration. The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and Company of London from 1963-72, and director of J. Henry Schroder, New York and Schroder Banking Corporation, New York, as well as Lloyd’s Bank of London, and Rolls Royce. He maintains a residence on Sutton Place in New York City, and as head of “The London Connection,” can be said to be the single most influential banker in the world. J. Henry Schroder ----------------- | | | Baron Rudolph Von Schroder Hamburg - 1858 - 1934 | | | Baron Bruno Von Schroder Hamburg - 1867 - 1940 F. C. Tiarks | 1874-1952 | | | marr. Emma Franziska | (Hamburg) Helmut B. Schroder J. Henry Schroder 1902 | Dir. Bank of England | Dir. Anglo-Iranian | Oil Company J. Henry Schroder Banking Company N.Y. | | J. Henry Schroder Trust Company N.Y. | | | ___________________|____________________ | | Allen Dulles John Foster Dulles Sullivan & Cromwell Sullivan & Cromwell Director - CIA U. S. Secretary of State Rockefeller Foundation Prentiss Gray ------------ Belgian Relief Comm. Lord Airlie Chief Marine Transportation ----------- US Food Administration WW I Chairman; Virgina Fortune Manati Sugar Co. American & Ryan daughter of Otto Kahn British Continental Corp. of Kuhn,Loeb Co. | | | | M. E. Rionda | ------------ | Pres. Cuba Cane Sugar Co. | Manati Sugar Co. many other | sugar companies. _______| | | | | G. A. Zabriskie | --------------- | Emile Francoui Chmn U.S. Sugar Equalization | -------------- Board 1917-18; Pres Empire | Belgian Relief Comm. Kai Biscuit Co., Columbia Baking | Ping Coal Mines, Tientsin Co. , Southern Baking Co. | Railroad,Congo Copper, La | Banque Nationale de Belgique Suite 2000 42 Broadway | N. Y | __________________________|___________________________| | | | | | | Edgar Richard Julius H. Barnes Herbert Hoover ------------- ---------------- -------------- Belgium Relief Comm Belgium Relief Comm Chmn Belgium Relief Com Amer Relief Comm Pres Grain Corp. U.S. Food Admin U.S. Food Admin U.S. Food Admin Sec of Commerce 1924-28 1918-24, Hazeltine Corp. 1917-18, C.B Pitney Kaiping Coal Mines | Bowes Corp, Manati Congo Copper, President | Sugar Corp. U.S. 1928-32 | | | John Lowery Simpson - ------------------- Sacramento,Calif Belgium Relief | Comm. U. S. Food Administration Baron Kurt Von Schroder Prentiss Gray Co. J. Henry Schroder ----------------------- Trust, Schroder-Rockefeller, Chmn Schroder Banking Corp. J.H. Stein Fin Comm, Bechtel International Bankhaus (Hitler's personal bank Co. Bechtel Co. (Casper Weinberger account) served on board of all Sec of Defense, George P. Schultz German subsidiaries of ITT . Bank Sec of State (Reagan Admin). for International Settlements, | SS Senior Group Leader,Himmler's | Circle of Friends (Nazi Fund), | Deutsche Reichsbank,president | | Schroder-Rockefeller & Co. , N.Y. - --------------------------------- Avery Rockefeller, J. Henry Schroder Banking Corp., Bechtel Co., Bechtel International Co. , Canadian Bechtel Company. | | | | Gordon Richardson ----------------- Governor, Bank of England 1973-PRESENT C.B. of J. Henry Schroder N.Y. Schroder Banking Co., New York, Lloyds Bank Rolls Royce Chart 3 Source: ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** – – Published 1976 The David Rockefeller chart shows the link between the Federal Reserve Bank of New York, Standard Oil of Indiana, General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. P. Morgan). DAVID ROCKEFELLER - ---------------------------- Chairman of the Board Chase Manhattan Corp | | ______|_______________________ Chase Manhattan Corp. | Officer & Director Interlocks|--------------------- ------|----------------------- | | | Private Investment Co. for America Allied Chemicals Corp. | | Firestone Tire & Rubber Company General Motors | | Orion Multinational Services Ltd. Rockefeller Family & Associates | | ASARCO. Inc Chrysler Corp. | | Southern Peru Copper Corp. Intl' Basic Economy Corp. | | Industrial Minerva Mexico S.A. R.H. Macy & Co. | | Continental Corp. Selected Risk Investments S.A. | | Honeywell Inc. Omega Fund, Inc. | | Northwest Airlines, Inc. Squibb Corporation | | Northwestern Bell Telephone Co. Olin Foundation | | Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ | | American Express Co. AT & T | | Hewlett Packard Pacific Northwestern Bell Co. | | FMC Corporation BeachviLime Ltd. | | Utah Intl' Inc. Eveleth Expansion Company | | Exxon Corporation Fidelity Union Bancorporation | | International Nickel/Canada Cypress Woods Corporation | | Federated Capital Corporation Intl' Minerals & Chemical Corp. | | Equitable Life Assurance Soc U.S. Burlington Industries | | Federated Dept Stores Wachovia Corporation | | General Electric Jefferson Pilot Corporation | | Scott Paper Co. R. J. Reynolds Industries Inc. | | American Petroleum Institute United States Steel Corp. | | Richardson Merril Inc. Metropolitan Life Insurance Co. | | May Department Stores Co. Norton-Simon Inc. | | Sperry Rand Corporation Stone-Webster Inc. | | San Salvador Development Company Standard Oil of Indiana