MORE FEDERAL RESERVE

On January 10, 2015, in Uncategorized, by trayho

Italics are mine – Frank Trejo – Yesterday’s News Today

During the turmoil of the tax rebellion in the 70s and 80s a lot of information was uncovered by tax rebels. The following article is an example of info we’d never seen before.

Lewis v. U.S., – 1982 – 680 –f. 2D 1239 – 9TH Cir. USCA

Examining the organization and function of the Federal Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately owned and locally controlled corporations. (The FTCA – Federal Tort Claims Act)

Each FRB is a separately owned 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. The remaining three directors are appointed by the Federal Reserve Board. The Federal Reserve Board regulates the Reserve Banks, but direct supervision and control of each Bank is exercised by its board of directors (12 U.S.C. & 301.)

The directors enact by-laws regulating the manner of conducting general Bank business, (12 U.S.C. & 341) and appoint officers to implement and supervise daily Bank activities. These activities include collecting and clearing checks, making advances to private and commercial entities, holding reserves for member banks, discounting the notes of member banks, and buying and selling securities on the open market. See 12 U.S.C & 341 – 361.

Each Bank is statutorily empowered to conduct these activities without day to day direction from the federal government. Thus, for example, the interest rates on advances to member banks, individuals, partnerships, and corporations are set by each Reserve Bank and their decisions regarding the purchase and sale of securities are likewise independently made.

It is evident from the legislation history of the Federal Reserve Act that Congress did not intend to give the federal government direction over the daily operation of the Reserve Banks:

It is proposed that the Government shall retain sufficient power over the reserve banks to enable it to exercise a direct authority when necessary to do so, but that it shall in no way attempt to carry on through its own mechanism the routine operations and banking which require detailed knowledge of local and individual credit and which determine the funds of the community in any given instance.

In other words, the reserve-bank plan retains to the Government power over the exercise of the border banking functions, while it leaves to individuals and privately owned institutions the actual direction of routine. (H.R. Report No. 69, 63 Cong. 1st Session. 18-19 (1913)

The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act. In United States vs. Orleans, 425 U.S. 807, 96 Supreme Ct. 1971, 48 L. Ed. 2d 390 (1976), the Supreme Court held that a community action agency was not a federal agency or instrumentality for purposes of the Act, even though the agency was organized under the federal regulations and heavily funded by the federal government.

Because the agency’s day-to-day operation was not supervised by the federal government, but by local officials, the Court refused to extend federal tort liability for the negligence of the agency’s employees.

Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks. Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System.

They are covered by worker’s compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act. Employees traveling on Bank business is not subject to federal travel regulations and do not receive government employee discounts on lodging and services.” (End of article)

This ruling never appeared in the media nor is spoken about in schools. Through the years I’ve asked bank personnel if they knew the Fed was privately owned and they look at me like a bad tamale. My point being: how deep ignorance of the monetary system. The fact remains – the International Bankers own the Federal Reserve.

One of the owners is predominant in the news constantly. Most all appointees as Secretary Treasurers and Fed Chairmen come from that organization. Who is it? Goldman Sachs of New York. How’s that for the Fox “guarding the hen house.”

FEDERAL RESERVE PRIVATELY OWNED

Jim Townsend – ROC Nat’l Chairman 1984

The Federal Reserve banks are privately owned and locally controlled, separate corporations. Who says so? In Lewis v U.S., – 1982 – 680 – F. 2D 1239 – 9th Cir. USCA the Ninth Circuit Court said so. Thus, after years of senators and members of the House of Representatives denying (lying) the FRB banks were privately owned, the Ninth Circuit Court has finally, officially, given the lie to the scam imposed on people of this nation over 70 years ago.

The court’s decision has vast implications. Now that the banker’s hoax has been legally exposed, what impact will it have on paper issued as Federal Reserve Notes? As private bankers, it would appear they have no more right to issue and circulate their paper than does the local counterfeiter. In fact, if one could choose, between the two, the local counterfeiter would be the one chosen, because he charges no interest on his paper.

The Federal Reserve counterfeiter not only distributes worthless paper, but collects interest by loaning it into circulation. The court decision has been known for three months, but the kept media has been as quiet as a mouse. Neither the printed nor electronic media has found it noteworthy, even though the ramifications will be mind boggling if the court decision stands. (Obviously nothing came about – we’re still economic slaves.)

Key members of the two Houses of Congress were advised of the court findings, but the public has not heard even a peep from the guardians of the public welfare. In fact, no one will admit to knowing anything about it. But they do know, and the question is, “What are they going to do about it?”

There are so many things that come to mind when one realizes the Federal Reserve banks have been operating un-Constitutionally for all these years, that it staggers the imagination. What about homes the Fed Reserve member banks have foreclosed? What about the interest the United States (us) has been paying on foreign loans negotiated by these same private bankers? Is this not a gift of the people’s funds? What about the interest the Federal Reserve Banks now collect on the national debt…would that not be declared illegal under the Circuit Court decision?

“There you have it. The high-binding, swindling Federal Reserve Banks are just what we have said for years they were private corporations, which have bankrupted the nation. We now owe a bigger debt than the total net worth of the country. We pay this privileged and pampered class of counterfeiters almost 20 cents (1980s) of every tax dollar collected. As Thomas Edison said, “It’s foolish to say we can issue a bond that is good, but not a dollar bill.” The time has come to return to a Constitutional money system that puts into circulation a debt-free dollar. Debt-free money would save the Social Security System and put the 14 million unemployed workers back to work.” (End of article)

It’s amazing how those in society have kept this hidden from the general public. Yet every politician who serves in Congress is probably aware of it. The powers have done irreparable harm to the minds of our people. As long as bankers are in control of our monetary system and criminals run the three branches we shall always have economic problems. I tell people that communism was invented by the International bankers and they think I’m crazy. The bankers did this for money and control. The following are three planks of the communist manifesto used to administer the monetary system in our country.

2nd Plank – A graduated income tax…the more you make the more they take. This is what
“spreading the wealth around means.” Take from the producers and give to the moochers. Of the two criminal parties it is Democrats who have done the most damage . . . all for the vote.

4th plank – Government comes after you if you don’t pay. The IRS is used as the KGB. It is the lifeblood of socialism. Observe the use of the IRS to go after conservatives. This is what happens when you have a communist Attorney General.

5th plank – A centralized bank privately owned. In 1913 elected criminals in Congress and White House (President Wilson – a Democrat) gave control of the monetary system to the International Jewish Bankers. I’ve concluded that it’s still the greatest crime against the American people. What you learned today is all you need to know about who is in control.

Many early statesmen warned about the dangers of a privately controlled money system. There is only one politician in Congress today who has spent most of his political career fighting the Federal Reserve. That courageous citizen is Rep. Ron Paul from Texas. (Now retired) The media has always made him out to be a fool. For those of you who had never heard of this, now you won’t go around scratching your head wondering what is going on in our country – now you know…

And it was Clinton who deregulated the banking industry which allowed them to rape America of trillions. As a reward, the industry pays this son-of-a-bitch 300 to 400 thousands of dollars for every speech he makes. And the American people may put this asshole back in the White House with Hillary? What a devious, conniving, deceitful pair. I love you America.

franktrejo1257@hotmail.com

 

 

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