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You appear as an astute poster on the subject.

One question that still fascinates me was posed by Aaron Russo (freedomtofascism.com)

http://video.google.com/videoplay?docid=-4312730277175242198&q=

and that question is why does the government pay interest to the 'Federal' Reserve (indeed no more 'federal' that Fedex). The 'Fed' does not even print money so much anymore than they just create it as digits on a computer. Simply put, the 'Fed' has the power to sit at a computer and write 1000000000 into a data field and presto they created a billion dollars. So the question he asks is why can't our government do the same and forgo the interest payments?

Of course we can get distracted and start arguing well, we really don't want our government 'printing' or creating money. That's not the point unless we seek to return to dollars backed by gold or silver. But that's getting off the point. The point is it's all about interest.

Russo ask why do we pay personal income taxes on our labor. Not excise taxes, not corporate taxes but personal 1040 taxes. Does it go for schools? No. Does it go for roads? No. Does it go for the military? No. (Corporate taxes pay for the military). Does it go for social security? No. (That's FICA tax). Does it go for Medicare? No.

Where do our 1040 taxes go?

Answer by Russo: to pay the 'Fed' for the interest on the debt that our government takes out, debt exchanged for money that was created out of thin air.

Was the debt taken out by our government taken for our benefit? No.

Then who benefits?

Answer: it's a secret of the 'Fed's. The individuals behind the 'Fed' curtain can create money out of thin air and reap an interest on it at a rate that they decide for themselves.

The 'Fed' controls the whole show.

Who might these mysterious individuals be? The American public does not know but we have a strong suspicion that Rockefeller is connected to them, Soros is likely connected to a connected 'Fed' shareholder beneficiary. (Money from nothing to buy and wield power)

I think it's safe to infer that the beneficial shareholders of the 'Federal' Reserve form the ruling class of the USA and are cliqued to the ruling class of the New World Order.

Russo goes on to encourage by noting that we the American people still have the 'power' to get rid of the 'Fed'. We still have the power if our voting system is not yet controlled to the point that it is ineffective for us.

And would it be a bad thing to get rid of the 'Fed'? I can't think of why we need it. Our government can create money the same as they and it would eliminate mounting interest payments and begin the process of paying down the debt. Our government could hold committees of academic scholars and business leaders to formulate monetary policy. We need not hand it over to a private corporation 'Fed' who will charge whatever interest they decide to create money from nothing.

One of the provisions of SARBOX is that companies must certify their financial statements. Another has the effect of requiring full and complete disclosure of unrelated entities, which was the way Enron created assets out of thin air with shell companies domesticated in tax-haven countries.

There is a very urgent SARBOX issue with respect to every commercial bank that owns any shares in the US Federal Reserve: what value to you put on the shares for purposes of reporting them as an asset? How do you 'mark to market' a share that is not traded on the open market? You cannot. Until you can, these numbers are only a guess, and I would suggest a fraudulent one.

Why is this important? Before we can cure the curse of fiat money, we must regain control of it. How would the federal government repurchase all the shares in the Federal Reserve Corporation? What is the value, in terms of US Dollars, of a corporation that has the legal monopoly on creation of US Dollars? Well, dollars cannot buy it!

Of course, this would be a gigantic political battle, if some conservative candidate for high office would care to bring it up. But you can guarantee that there would be a very long line of learned experts the MSM would parade in front of the cameras and onto talking head shows that would assure us that the Federal Reserve should be protected, not dismantled.

There are a very large number of powerful people who make lots of money from the money system we presently have. The biggest beneficiary of all is the federal government because the fiat scheme coupled with built-in inflation means they can have all the money they can get away with and never have to pay off the debt.

We are all enslaved by this system. Want to escape? Anyone who expatriates (leaves the US and gives up their citizenship), must continue to file and pay US taxes for an additional 10 years. Not only that, but the law allows them to be prohibited from ever returning.

Slavery is servitude when you cannot escape your master. The TIAs (Tax Information Agreements) the US has with many other countries insures that if you have assets in any of those countries and the IRS thinks you owe them, they can and will seize the money. Come near to them, and they will seize you too!

These issues are all part of the same power-grabbing conversion of our liberty-based Constitution to the one we have now.

and that question is why does the government pay interest to the 'Federal' Reserve

Because the government pays interest to holders of Treasury securities.

Then who benefits?

Answer: it's a secret of the 'Fed's. The individuals behind the 'Fed' curtain can create money out of thin air and reap an interest on it at a rate that they decide for themselves.

LOL! Except for overnight money (Fed Funds), the Fed does not "decide" interest rates.

Who might these mysterious individuals be?

I heard they're Joooooooos.

Our government can create money the same as they and it would eliminate mounting interest payments and begin the process of paying down the debt.

The Fed returns it's "profits" to the Treasury each year.

If Aaron Russo doesn't know this, he's dumber than someone who'd post his B.S. on FR.