The Federal Reserve is neither Federal nor a Reserve! It is one of the Greatest Scams of Alltime!

Episode 7: How the Fed Works - the Fed Controls the Government and
Not the other way around!

"Allow me to control the issue and the nation's money and I care not who makes its laws."
Amshell Rothschild


The Federal Reserve Bank is a private corporation. Black's Law Dictionary defines the Federal Reserve System as:

"Network of 12 banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves."

In the case of Lewis v United States, Federal Reporter, 2nd Series, Vol 680, Pages 1239, 1241 (1982) the court said:

"Each Federal Reserve Bank is a seperate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each bank's nine member board of directors."

In Black's Law Dictionary we find that these privately owned banks actually issue money.

"Federal Reserve Act Law which 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."

The privately owned Fed actually creates and issues 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 this description of what the Fed is:

"The Federal Reserve is a total money-making 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 dollar bills necessary to cover its check simply by asking the Treasury Department's Bureau of Engraving to print them."

Article 1, Section 8 of the Constitution states that only Congress shall have the power to coin (create) money and regulate the value thereof.

Today however it's the Fed, a privately owned company, which creates and profits by printing money through the Treasury and regulates its value.

Clearly it was Congress on December 22. 1913 who illegally gave the Fed the right to print money through the Treasury ... it was President Wilson who signed it into law on the following day, clearly and directly violating Article 1, Section 8 of the United States Constitution.

Why were the members of Congress supporting this law not charged with treason? Why was President Wilson not impeached and also charged with treason? Why are all members of government from 1913 untill today who have not worked to repeal this law not charged with treason? Is it not their sworn duty to uphold the Constitution of the United States?

The Fed creates money "out of thin air" whenever it benefits them and loans it back to us the people through banks and charges interest on our own money!

The Fed also buys government debt with money they themselves have printed and charges government interest. This money is repaid to the Fed through the government charging us income tax. IS THIS NOT FRAUD?

On June 10, 1930 Louis T. McFadden (R.Pa.), former President of the First National Bank in Canton Ohio, and for 12 years the Chairman of the House Banking Committee described the Fed in the Congressional Record, House Pages 1295 and 1296 as follows:

"Mr. Chairman, we have in this country one of the most corrupt organizations the world has ever known. I refer to the Federal Reserve Banks. The Federal Reserve has cheated the Government of the United States and the people of the United States out of enough money to pay the entire national debt."

Rep. McFadden went on to say, "Every effort has been made by the federal Reserve to conceal its power but the truth is the Federal Reserve has USURPED THE GOVERNMENT OF THE UNITED STATES! IT CONTROLS EVERYTHING HERE AND IT CONTROLS ALL OUR FOREIGN RELATIONS. IT MAKES AND BREAKS GOVERNMENTS AT WILL!