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.«

America Needs You!!!

From American Patriot Fabian Sparrow

END THE FED!

 America Needs You!!! This is too important not to read.
 Attached are just a small portion of thoughts and warnings
from our past elected officials. All with the exception of
the arrogant comments from some of the International Bankers
who's family are still very much in control today.

"It is well that the people of the nation do not understand
our banking and monetary system, for if they did, I believe
there would be a revolution before tomorrow morning."
-- Henry Ford

The International Bankers on there "Central Banks":
The Rothschilds
 "The few who understand the system, will either be so interested
from it's profits or so dependant on it's favors, that there will
be no opposition from that class."
-- Rothschild Brothers of London, 1863

 "Give me control of a nation's money and I care not who makes
it's laws" -- Mayer Amschel Bauer Rothschild

Senators & Congressmen:

 "Most Americans have no real understanding of the operation of
 the international money lenders. The accounts of the Federal
 Reserve System have never been audited. It operates outside the
control of Congress and manipulates the credit of the United
 States" -- Sen. Barry Goldwater (Rep. AZ)

 "This [Federal Reserve Act] establishes the most gigantic trust
 on earth. When the President[Wilson} signs this bill, the
invisible government of the monetary power will be legalized....
 the worst legislative crime of the ages is perpetrated by this
banking and currency bill."
 -- Charles A. Lindbergh, Sr. , 1913

 "From now on, depressions will be scientifically created."
-- Congressman Charles A. Lindbergh Sr. , 1913

 "The financial system has been turned over to the Federal Reserve
Board. That Board as ministers the finance system by authority of a
purely profiteering group. The system is Private, conducted for the
sole purpose of obtaining the greatest possible profits
 from the use of other people's money"
-- Charles A. Lindbergh Sr., 1923

 "The Federal Reserve bank buys government bonds without one penny..."
 -- Congressman Wright Patman, Congressional Record, Sept 30, 1941

“We have, in this country, one of the most corrupt institutions
the world has ever known. I refer to the Federal Reserve Board.
This evil institution has impoverished the people of the United
States and has practically bankrupted our government. It has
done this through the corrupt practices of the moneyed vultures
who control it”. — Congressman Louis T. McFadden in 1932 (Rep. Pa)

"The Federal Reserve banks are one of the most corrupt institutions the
world has ever seen.There is not a man within the sound of my voice who
does not know that this nation is run by the International bankers
-- Congressman Louis T. McFadden (Rep. Pa)

 "Some people think the Federal Reserve Banks are the United States
government's institutions. They are not government institutions.
They are private credit monopolies which prey upon the people of the
United States for the benefit of themselves and their foreign swindlers"
-- Congressional Record 12595-12603
-- Louis T. McFadden, Chairman of the Committee
on Banking and Currency (12 years) June 10, 1932

End the Fed Website's http://www.endthefed.com

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