Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TruthConquers

“The FED is a private bank”

No, it is a federally chartered banking cartel with a monopoly on the issuance of legal tender and a chairman appointed by the president and confirmed by the Senate, which sends most of its profits directly into the Treasury. It is our central bank, and is no more private than the army is a private security force.

“It says on our money, ‘Federal Reserve Note.’ It is not US money, it is Federal Reserve money.”

Have you ever wondered why we accept it? Because we have to by law, as you may have noticed by reading more than what you quoted. It is legal tender, and therefore government money.


33 posted on 11/02/2011 10:46:27 AM PDT by Tublecane
[ Post Reply | Private Reply | To 26 | View Replies ]


To: Tublecane

It is not always accepted. Look at Louisiana. And there are ancedotal comments here and there about US Embassy’s not taking $100 dollar bills for payment.

The dollar is losing value, and the monetary policy of the FED is to devalue it even more.

Those are facts that will cause more pain to the people of this country.


36 posted on 11/02/2011 10:51:09 AM PDT by TruthConquers (Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 33 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson