Public Money vs Private Credit

When Congress borrows money on the credit of the United States, bonds are thus legislated into existence and deposited as credit entries in Federal Reserve banks. United States bonds, bills and notes constitute money as affirmed by the Supreme Court (Legal Tender Cases, 110 U.S. 421), and this money when deposited with the Fed becomes collateral from whence the Treasury may write checks against the credit thus created in its account (12 USC 391). For example, suppose Congress appropriates an expenditure of $1 billion. To finance the appropriation Congress creates the $1 billion worth of bonds out of thin air and deposits it with the privately owned Federal Reserve System. Upon receiving the bonds, the Fed credits $1 billion to the Treasury’s checking account, holding the deposited bonds as collateral. When the United States deposits its bonds with the Federal Reserve System, private credit is extended to the Treasury by the Fed. Under its power to borrow money, Congress is authorized by the Constitution to contract debt, and whenever something is borrowed it must be returned. When Congress spends the contracted private credit, each use of credit is debt which must be returned to the lender or Fed. Since Congress authorizes the expenditure of this private credit, the United States incurs the primary obligation to return the borrowed credit, creating a National Debt which results when credit is not returned.«

THE FEDERAL RESERVE-LINKS

THE FEDERAL RESERVE LINK

Be careful…..the Truth will set you FREE!

1. Here’s To You, Andrew Jackson… The Federal Reserve Is a Monster Home Page Two News Portal Forum Stocks Weather Links HERE’S TO YOU, ANDREW JACKSON THE FEDERAL RESERVE IS A MONSTER By: Joe Sansone All Hail, Alan… URL: http://etherzone.com/2002/sans100102.shtml – 20KB

2. Repeal the Federal Reserve Act… Time To Rid Ourselves of This Private Cartel REPEAL THE FEDERAL RESERVE ACT TIME TO RID OURSELVES OF THIS PRIVATE CARTEL By: Chuck Morse A simple majority vote in both houses of Congress is all… URL: http://etherzone.com/2001/mors072401.shtml – 14KB

3. The Dueling Twins… Ostrich THE DUELING TWINS AIRPORTS By: James Hall vs. James Hall Point: Time To Federalize Airport Security Commercial airliners are the largest and most… URL: http://etherzone.com/2001/twin110201.shtml – 22KB

4. Our Government’s ‘Federal Reserve’ Is Unconstitutional OUR GOVERNMENT’S ‘FEDERAL RESERVE’ IS UNCONSTITUTIONAL By: Gordon Bishop Who owns the Federal Reserve and why do we allow the Federal Reserve to… URL: http://etherzone.com/2007/bish032707.shtml – 27KB

5. The Federal Reserve System… How It Robs You Blind Home Page Two News Portal Forum Stocks Weather Links THE FEDERAL RESERVE SYSTEM HOW IT ROBS YOU BLIND By: Jim Moore Let’s start at the beginning, so… URL: http://etherzone.com/2004/moor113004.shtml – 14KB

6. Federal Economic Parastitism… The Solari Solution Home Page Two News Portal Forum Stocks Weather Links FEDERAL ECONOMIC PARASTITISM THE SOLARI SOLUTION By: Catherine Austin Fitts The real deal in US… URL: http://etherzone.com/2003/fitt050503.shtml – 32KB

7. Federal Agencies: The Real Threat Home Page Two News Portal Forum Stocks Weather Links FEDERAL AGENCIES: THE REAL THREAT By: Joe Blow What would you call someone who exhibits the… URL: http://etherzone.com/2002/blow070102.shtml – 19KB

8. Hysterical Loudmouth Activists… Who’s Afraid of John Ashcroft? HYSTERICAL LOUDMOUTH ACTIVISTS WHO’S AFRAID OF JOHN ASHCROFT? By: Ryan McMaken With the nomination of John Ashcroft to be Bush’s Attorney… URL: http://etherzone.com/2001/mcma012401.shtml – 14KB

9. A View of Federal Airline Security… For My Liberal Comrades A VIEW OF FEDERAL AIRLINE SECURITY FOR MY LIBERAL COMRADES By: William Kaliher Dear liberal reader, being a truly compassionate conservative, I once… URL: http://etherzone.com/2001/kali112701.shtml – 22KB

10. Ten Points For Sensible Government… Take Your Best Shot At Sartre Home Page Two News Portal Forum Stocks Weather Links TEN POINTS FOR SENSIBLE GOVERNMENT TAKE YOUR BEST SHOT AT SARTRE By: SARTRE Those of you who… URL: http://etherzone.com/2002/sart061302.shtml – 24KB

11. We Don’t Need Income Tax… The Federal Reserve Fraud Home Page Two News Portal Forum Stocks Weather Links WE DON’T NEED INCOME TAX THE FEDERAL RESERVE FRAUD By: Alan Stang Last week, we looked at the… URL: http://etherzone.com/2003/stang082203.shtml – 22KB

12. The Pinnacle of Power… The Federal Reserve and the Question of Currency Home Page Two News Portal Forum Stocks Weather Links THE PINNACLE OF POWER THE FEDERAL RESERVE AND THE QUESTION OF CURRENCY By: Joe Sansone In… URL: http://etherzone.com/2002/sans073102.shtml – 16KB

13. More Than Half Socialist… Both Taxes and Spending Must Be Cut MORE THAN HALF SOCIALIST BOTH TAXES AND SPENDING MUST BE CUT By: W. James Antle III Milton Friedman recently observed that government spending and… URL: http://etherzone.com/2001/antl042501.shtml – 18KB

14. Federal Robbery… Now Will You Go Offshore? FEDERAL ROBBERY NOW WILL YOU GO OFFSHORE? By: Alan Stang By now you know that the administration of Communist world government terrorist Jorge W…. URL: http://etherzone.com/2007/stang113007.shtml – 28KB

15. The Fed On Steroids… New Authority and Power THE FED ON STEROIDS NEW AUTHORITY AND POWER By: Geoff Metcalf “Giving money and power to government is like giving whiskey and car keys to… URL: http://etherzone.com/2008/metc033108.shtml – 26KB

16. Death and Taxes… Be a Revolutionary! DEATH AND TAXES BE A REVOLUTIONARY! By: Ron Marr I’m a firm believer in the theory of “if it ain’t broke , don’t fix it.” Unfortunately,… URL: http://etherzone.com/2001/marr052401.shtml – 13KB

17. Expansion of Federal Powers… The Big Power Grab, Tomorrow’s Nightmare EXPANSION OF FEDERAL POWERS THE BIG POWER GRAB, TOMORROW’S NIGHTMARE By: W. James Antle III Americans recently gathered to reflect on what they had… URL: http://etherzone.com/2001/antl120301.shtml – 16KB

18. Ulterior Motives… Is Corporate Chaos a Tool of Government? Home Page Two News Portal Forum Stocks Weather Links ULTERIOR MOTIVES IS CORPORATE CHAOS A TOOL OF GOVERNMENT? By: Ed Henry Democrats and Republicans… URL: http://etherzone.com/2002/henr071802.shtml – 16KB

19. Who Is Guilty of Fraud?… We’ve Been Hoodwinked Home Page Two News Portal Forum Stocks Weather Links WHO IS GUILTY OF FRAUD? WE’VE BEEN HOODWINKED By: Albert V. Burns It seems it is virtually… URL: http://etherzone.com/2002/burn081202.shtml – 18KB

20. Debit Black Holes… And Money Laundering DEBIT BLACK HOLES AND MONEY LAUNDERING By: Ed Henry Trust funds managed by the federal government are nothing but negative debit accounts, black… URL: http://etherzone.com/2000/henr111000.html – 18KB

21. Another Government Scandal… Another Accounting Dodge! Home Page Two News Portal Forum Stocks Weather Links ANOTHER GOVERNMENT SCANDAL ANOTHER ACCOUNTING DODGE! By: Ted Lang Back on May 2 nd , Joseph J…. URL: http://etherzone.com/2003/lang090203.shtml – 23KB

22. Tyranny… In Black Robes Home Page Two News Portal Forum Stocks Weather Links TYRANNY IN BLACK ROBES By: Phil Brennan “…the opinion which gives to the judges the… URL: http://etherzone.com/2003/bren100103.shtml – 24KB

23. Is the Constitution Ignored? Law of the Land IS THE CONSTITUTION IGNORED? LAW OF THE LAND By: W. James Antle III Sen. John Ashcroft’s loss to a dead man in the Missouri Senate… URL: http://etherzone.com/2000/antl112700.html – 14KB

24. What’s Good For the Goose WHAT’S GOOD FOR THE GOOSE By: Ed Henry The Federal Government does for its employees…what it will not do for its citizens For some time now, the… URL: http://etherzone.com/1999/henr110199.html – 13KB

25. Tax Hikes Coming?— The Establishment’s Wish Home Page Two News Portal Forum Stocks Weather Links TAX HIKES COMING? THE ESTABLISHMENT’S WISH By: Murray Sabrin The federal government will add $5… URL: http://etherzone.com/2003/sabr102103.shtml – 15KB

Hello fellow American citizen!

Information

This is your North Carolina link to the Federal Reserve Bank and understanding how it Negatively affects the American economy.

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) twelve regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of February 2006, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System.

Federal Reserve Bank, Charlotte, NC branch