-- Part 2 of 3 --

What happened in 1927

So, the Federal Reserve Bank was set up in 1913 as a business trust. Business trusts DO have owners. These original owners were the Rockefellers, Morgans, foreign banksters (probably some Rothschild cutouts), etc.

But they had a problem. As a trust, it would expire in 1933. So, during the 1900's and beyond, they began to develop the idea that the corporation should be the new business structure.

Remember, only the king (government) could create a corporation, and that was done for special purposes. This was also true in the USA at the time.

If you ever come across a "Massachusetts Business Trust" it is because Massachusetts law at that time did allow for corporations to exist, but they were limited in their legal authority. They could not own real estate, for example, which is why business trusts were used instead.

Business trusts are created by right of contract, whereas corporations are created by permission from the state. The same is true today.

By 1927, the banksters knew how tough their predecessors had it when trying to renew a central bank. Now that corporations were becoming more and more accepted in the business world, they incorporated the Federal Reserve Bank into a corporation.

This gave it perpetual existence, and no longer subject to being renewed (or not) every 20 years.

Today, it is a corporation, not a trust.

What happened in 1933

The original trust expired in 1933, and now a corporation, they had to tie up the lose ends. Franklin Roosevelt's first act as president was to betray the American people and recalculate the value of gold by threatening confiscation.

I believe this had to do with resetting the currency from the US Dollar to the "Federal Reserve Note."

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owners of the NY Fed Bank are ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

-- Part 2 of 3 --

What happened in 1927

So, the Federal Reser

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owners of the NY Fed Bank are ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

-- Part 2 of 3 --

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owners of the NY Fed Bank are ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

What is the REAL power of the Federal Reserve

The reason for this is that the REAL power of the Federal Reserve, which (remember) has a true purpose of stealing the wealth of everyone else and enriching the insiders, is to PRINT MONEY.

It comes full circle back to being money changers. They PRINT MONEY, thereby CAUSING inflation (not fighting it), and that money is like dropping a pebble in a pond.

The pebble makes a splash and causes ripples of waves in the water. The people at the center -- the ones who FIRST get the money changers' fake money -- get the richest.

The FR is not audited. Therefore, money can be printed, and "loaned" or paid as "consulting fees" or whatever, and THAT person or company gets basically free money to use AS IF it were real, like any other money.

THAT is the REAL power of any central bank.

Who has the REAL power of the Federal Reserve

So, HOW is this money printing done?

It is done through a process of buying and selling assets -- US Treasury Bills, Notes, and Bonds being the primary tool, but they have many others, as well.

They create money out of nothing and "buy" assets or "sell" assets to manipulate the money supply.

And HOW do they do this?

They do it through a process called "Open Market Operations." This buying and selling (using fake, printed money) is done through this process.

And guess what?

There is only ONE location where this is all done: at the New York Federal Reserve Bank.

ALL of the money printing (by the corrupt money changers) is done via Open Market Operations at the New York Federal Reserve Bank, the president of which oversees it, appointed by the directors of the NY Fed Bank, who are approved by the Board of Governors, who are selected by Citibank, JP Morgan, and possibly Goldman Sachs.

-- Part 2 of 2 --

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owners of the NY Fed Bank are ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

What is the REAL power of the Federal Reserve

The reason for this is that the REAL power of the Federal Reserve, which (remember) has a true purpose of stealing the wealth of everyone else and enriching the insiders, is to PRINT MONEY.

It comes full circle back to being money changers. They PRINT MONEY, thereby CAUSING inflation (not fighting it), and that money is like dropping a pebble in a pond.

The pebble makes a splash and causes ripples of waves in the water. The people at the center -- the ones who FIRST get the money changers' fake money -- get the richest.

The FR is not audited. Therefore, money can be printed, and "loaned" or paid as "consulting fees" or whatever, and THAT person or company gets basically free money to use AS IF it were real, like any other money.

THAT is the REAL power of any central bank.

Who has the REAL power of the Federal Reserve

So, HOW is this money printing done?

It is done through a process of buying and selling assets -- US Treasury Bills, Notes, and Bonds being the primary tool, but they have many others, as well.

They create money out of nothing and "buy" assets or "sell" assets to manipulate the money supply.

And HOW do they do this?

They do it through a process called "Open Market Operations." This buying and selling (using fake, printed money) is done through this process.

And guess what?

There is only ONE location where this is all done: at the New York Federal Reserve Bank.

ALL of the money printing (by the corrupt money changers) is done via Open Market Operations at the New York Federal Reserve Bank, the president of which oversees it, appointed by the directors of the NY Fed Bank, who are approved by the Board of Governors, who are selected by Citibank, JP Morgan, and possibly Goldman Sachs.

*OK ... who has the REAL real

-- Part 2 of 2 --

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owners of the NY Fed Bank are ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

What is the REAL power of the Federal Reserve

The reason for this is that the REAL power of the Federal Reserve, which (remember) has a true purpose of stealing the wealth of everyone else and enriching the insiders, is to PRINT MONEY.

It comes full circle back to being money changers. They PRINT MONEY, thereby CAUSING inflation (not fighting it), and that money is like dropping a pebble in a pond.

The pebble makes a splash and causes ripples of waves in the water. The people at the center -- the ones who FIRST get the money changers' fake money -- get the richest.

The FR is not audited. Therefore, money can be printed, and "loaned" or paid as "consulting fees" or whatever, and THAT person or company gets basically free money to use AS IF it were real, like any other money.

THAT is the REAL power of any central bank, not just the FR.

Who has the REAL power of the Federal Reserve

So, HOW is this money printing done?

It is done through a process of buying and selling assets -- US Treasury Bills, Notes, and Bonds being the primary tool, but they have many others, as well.

They create money out of nothing and "buy" assets or "sell" assets to manipulate the money supply.

And HOW do they do this?

They do it through a process called "Open Market Operations." This buying and selling (using fake, printed money) is done through this process.

And guess what?

There is only ONE location where this is all done: at the New York Federal Reserve Bank.

ALL of the money printing (by the corrupt money changers) is done via Open Market Operations at the New York Federal Reserve Bank, the president of which oversees it, appointed by the directors of the NY Fed Bank, who are approved by the Board of Governors, who are selected by Citibank, JP Morgan, and possibly Goldman Sachs.

*OK ... who has the REAL real

-- Part 2 of 2 --

What happened in 1945

Following WW2, the People were distracted by celebrating the end of war and getting back to normal life. The banksters used this opportunity to set the stage for stealing all the worlds' gold (real money).

They met in Bretton Woods, New Hampshire, to put together a deal where the US Dollar would be the default world currency, and other currencies would be tied to it. The Dollar, in turn, would be tied to gold.

World governments would deposit their gold with the United States, who would hold it for "safe keeping," and their currency would be backed by/tied to the US dollar.

Sound familiar? This was the same thing the money changers did hundreds of years ago.

The economy boomed, as we came out of a period of depression and war.

What happened in 1971

By 1971, governments around the world became suspicious that the US government was not holding up its end of the bargain. Did they REALLY have the gold to back all those dollars?

Germany refused to back its currency to the Dollar. Switzerland withdrew some of its gold from America. Eventually, France demanded its gold be returned, as well.

Nixon said no. The US government violated the agreement and refused to return anymore gold.

Instead, it pegged the US dollar to oil, claiming that oil was "just as good" as gold.

This was the beginning of the Petrodollar. It also began decades of world currencies fluctuating in price relative to each other, and to gold.

The US government's gold deposits are supposed to be kept secure in Fort Knox, Kentucky. However, nobody has ever audited it. President Reagan tried to show up and take a look, and he was refused. WTF?

How the Federal Reserve System is structured today

So, the Federal Reserve System today is not like it was a hundred years ago, but the true purpose -- to steal the wealth of everyone else -- still stands.

The name, Federal Reserve Bank, is a lie.

It is not federal. It is a private company, not a federal government agency. Back when phone books were a thing, you could look up government offices in the government section, and the Federal Reserve was not there. It was in the business section because it is a private business which is disguised to look like a government agency.

There is no reserve. It has never had a meaningful full audit, and there is no reason to believe it has any reserves anywhere, other than computer data on a hard drive, which is nothing.

It is not a bank. It is a central bank, and banking rules do not apply to it.

It is also a private company that pays no taxes -- no income taxes, no property taxes, no sales taxes, and has a private "police" force (aka security team).

Who "owns" the Federal Reserve? -- and why that is the wrong question

The owners are the member banks. This is one of the main things that normies will try to trip you up on. If you say it is the Rothschilds or foreign bankers, you will be wrong. Legally speaking, it is a corporation and the shareholders (owners) are the member banks. Banks in your community are owners.

But ... that is IRRELEVANT. Because they are "owners" in name only. They have NO legal authority over the Federal Reserve Bank. NONE.

They are more like beneficiaries of a trust that can just sit there and do nothing, hoping that the trustee does something they like.

By outward appearances, it would seem like they do have some authority. But it is structured to be deceptive.

The Federal Reserve Bank has several branches -- in New York, Boston, Philadelphia, and other major cities around the country.

It has these FR banks in 12 districts. Each FR bank in its district has member banks. Your local bank in Toledo, Ohio is a member of the Federal Reserve Bank of Cleveland, for example.

These member banks can get together to appoint a director to their districts' FR bank. This makes it seem like they have some authority. But they do not. Each FR bank has 3 directors. The directors must be approved by the Federal Reserve Board of Governors (BOG).

The BOG can say, "Yeah, we like Herman Cain, so make him a director at the Kansas City branch," (which he was, despite having zero knowledge about banking), but "Nah, we don't like that Ron Paul guy, so he is a no-go at the Dallas FR bank."

The member banks can only appoint directors that the BOG wants in.

Capiche?

Where does the 6% Federal Reserve dividend go -- and why that is the wrong question

To make the scam seem legit, the deal is that each member bank gets a 6% dividend paid to them from their local FR bank in their district (that they are a member of), and then "all the net profit over and above the dividend goes to the US Treasury."

Sounds reasonable, huh?

It is not.

First of all, it is not 6% on the profit of the FR bank branch. They would NEVER do that because it would mean that the FR banks must have audits to prove that the 6% paid is correct.

No. The 6% is on the INVESTMENT that the bank made.

If the bank put $1,000,000 into the local FR bank to be a member, then it gets paid $60,000 per year, like clockwork, and has no right to force an audit. Why would it? It got the 6% on its investment, and has no reason to demand to see the books of the FR bank.

So, the fact that the member bank gets a 6% dividend means NOTHING. It is just smoke and mirrors to make it look legitimate.

Likewise, the remaining amount going to the US Treasury is meaningless, because there is never an audit.

Here is the key: What are the REVENUES and more importantly what are the EXPENSES of the Federal Reserve Bank?

How do you KNOW that the "remaining amount" paid to Treasury did not FIRST have billions of dollars taken out by "contractors" and "consultants" and "loans" etc.?

You DON'T know.

Because the Federal Reserve has NEVER had a meaningful audit of its activities.

It takes in unknown amounts of money, pays out unknown amounts of expenses (and to whom is also unknown), pays a fixed amount out as dividends, and whatever is left over goes to Treasury.

So what?

What happens to all the money BEFORE there was a "net profit?"

What if ... FR pays a "consulting" fee to World Economic Forum for $10 billion, and WEF does whatever it wants with the money?

That would be deducted FIRST as an "expense," and US Treasury would get "whatever is left over."

Comprende?

What does the FR Board of Governors do

The Federal Reserve Board of Governors have a lot of power because they do 2 things to keep control:

(1) They set the Discount Rate, which is the rate they charge member banks to borrow from the FR, and

(2) They veto any director of any FR bank in any district, so they can keep only those who are "in the club" in the club.

The BOG members are appointed by the President of the United States, and confirmed by the Senate. By now, you should suspect that this means nothing. And you are right. It means nothing. It is smoke and mirrors to make it look legit to the uninformed public.

How does any POTUS decide who to nominate? Do you think Barrack Obama had any clue about who would make a good BOG member? Bush, Jr.? Clinton? Potatohead? Even Trump? Where did he pull his nomination from?

The president is given a "list of candidates from which to choose." Legally, he does not have to choose from that list, but as a practical matter, he always does.

Who provides the list? Rumors are Citibank, JP Morgan Chase, and maybe Goldman Sachs. These are the main players in the system, so it would make sense that they TELL the president who he will nominate.

So, the insiders have THEIR guys appointed to the BOG, and then the BOG's decide who is and is not in control of the local FR bank districts.

Remember: "Own nothing, control everything."

What does the Federal Open Market Committee do

The FOMC is another committee within the FR System, and is the one that is always in the fake news media. "What will the Fed do on interest rates ... I'm on edge of my seat!"

The fact that they are paraded by the fake news media as "important" should give you a clue that they are not.

The FOMC has only one job: Establish the Federal Funds Rate.

The FFR is the interest rate that member banks charge each other for overnight borrowing, which happens every day. Technically, the FOMC only sets a "target rate," unlike the Discount Rate which is set in stone. The member banks are encouraged to charge each other a rate within this target, but are not required to.

They often set other rates in their banks by this number, such as their own prime rate being some amount above the FFR.

Who has a permanent seat on the FOMC

There are several members of the FOMC. At each meeting, they rotate so that different FR banks from various districts have their own president sitting in on the meeting and voting for whatever.

Why do they rotate? Why not have all of them always in and voting? I don't know, but I do know that there is only ONE person on the FOMC who ALWAYS has a seat and ALWAYS has a vote.

That is the President of the New York Federal Reserve Bank. And the two dominant owner of the NY Fed Bank is ... Citibank and JP Morgan Chase.

So, they provide a list of people who "can" sit on the Board of Governors, who then decide who "can" be directors of all the FR banks. The directors decide who the presidents are, including the NY Fed president.

MANY former NY Fed Bank presidents have become Secretary of the Treasury.

So, you start to see that there is a closed loop of power. It does not matter who OWNS the Federal Reserve or its district banks. What matters is who CONTROLS the whole thing.

Ultimately, Citibank and JP Morgan Chase (possibly Goldman Sachs, too, now they they are an official bank, as well), control who the individuals are who are in the various offices, by way of controlling who is on the Board of Governors, and then the directors, and then the various presidents.

But the ONLY individual in the entire system that has REAL power is ... the President of the New York Federal Reserve Bank ... and THAT is why he is ALWAYS involved in the FOMC meetings, unlike everyone else.

What is the REAL power of the Federal Reserve

The reason for this is that the REAL power of the Federal Reserve, which (remember) has a true purpose of stealing the wealth of everyone else and enriching the insiders, is to PRINT MONEY.

It comes full circle back to being money changers. They PRINT MONEY, thereby CAUSING inflation (not fighting it), and that money is like dropping a pebble in a pond.

The pebble makes a splash and causes ripples of waves in the water. The people at the center -- the ones who FIRST get the money changers' fake money -- get the richest.

The FR is not audited. Therefore, money can be printed, and "loaned" or paid as "consulting fees" or whatever, and THAT person or company gets basically free money to use AS IF it were real, like any other money.

THAT is the REAL power of any central bank, not just the FR.

Who has the REAL power of the Federal Reserve

So, HOW is this money printing done?

It is done through a process of buying and selling assets -- US Treasury Bills, Notes, and Bonds being the primary tool, but they have many others, as well.

They create money out of nothing and "buy" assets or "sell" assets to manipulate the money supply.

And HOW do they do this?

They do it through a process called "Open Market Operations." This buying and selling (using fake, printed money) is done through this process.

And guess what?

There is only ONE location where this is all done: at the New York Federal Reserve Bank.

ALL of the money printing (by the corrupt money changers) is done via Open Market Operations at the New York Federal Reserve Bank, the president of which oversees it, appointed by the directors of the NY Fed Bank, who are approved by the Board of Governors, who are selected by Citibank, JP Morgan, and possibly Goldman Sachs.

*OK ... who has the REAL real