San Francisco Federal Reserve Employee Admits Fed is a Private Corporation

November 21st, 2011

FAKE NEWS for the Zionist agenda

…That Pays Dividends to Shareholders

David Haynie
Pacific Progress
The Intel Hub
November 20, 2011

Recently Humboldt State University was visited by David Lang and Yelena Takhtamanova from the Federal Reserve Bank of San Francisco where they presented some information about the Federal Reserve System.

I, along with the department, took video of this event. While I was unable to take footage of the entire event, I was able to get David Lang’s presentation as well as a short portion of a question and answer period.

There were also presentations from students from an Economics class. Each group had to play the role of a private central banking head for each of the 12 Federal Reserve Branch banks. They had to make policy suggestions for the Federal Reserve banking system going forward.

Some of the groups had the right idea with the suggestion to remove the extra 0.25% interest being paid on excess reserves held with the Federal Reserve. This is a big problem and those groups got it right.

David Lang presented first, and a notable point is that at the 14-minute mark in the video below he explained that the Federal Reserve banking system paid back $78 billion to the US Treasury in 2010. It needs to be noted that he did not discuss the interest that the Federal Reserve charges on the currency in circulation.

What about the $189 billion paid to FRB on interest to service the debt in 2010? Wiki, a much less reputable source than the GAO, reports this number as $164 billion. Regardless, it is more than double what the Federal government spends on education.

A d v e r t i s e m e n t

The fact that money, the US Dollar, a Federal Reserve debt note, an instrument of debt, is on the bottom portion of the balance sheet of the Federal Reserve, the liabilities side, is direct proof that each US dollar gains interest and that the Federal Reserve system is paid interest on that same debt, the national debt.

David Lang and Yelena Takhtamanova both specifically showed the balance sheet of the Federal Reserve banks, and ‘Currency in circulation’ can clearly be seen as a liability. As we know, the government does not have to issue debt in order to create currency but the Federal Reserve, in order to keep control over the debt slaves,(U.S. taxpayers) does anyway.

Another issue is the fact that while that curve for the currency in circulation looks reasonably tame, keep in mind that the fractional reserve banking system and how banks can lend out 10x(and more in certain cases) on each additional dollar in circulation.

The $100 billion printed in October of 2008 really amounted to $1 trillion of financial ‘stimulation’(really the weakening of the dollar) considering the ponzi scheme of irrational fractional reserve banking.

During his presentation, David Lang asked the audience if they could name who audits the Federal Reserve. No one in the room was able to answer except for me at 12:45 in the video. I answered with the GAO. I have reviewed many GAO reports to see the corruption hidden within the government, military, and private institutions.

Read Full Article

Print this page.

Comment Rules

7 Responses to “San Francisco Federal Reserve Employee Admits Fed is a Private Corporation”

A good method to see if we really need the Fed is to go back to 1913 and review why we needed the fed in the first place. Who was behind creating the fed at that time. What was the purpose of the fed, and how did the system run prior to 1913. Then once we understand that, we can make logical choices on how to change the fed or if we even need them anymore, then find a better system.
San Francisco Federal Reserve Employee Admits Fed is a Private Corporation
===================================================

Thats right.

Bravo2………out
Article: “The fact that money, the US Dollar, a Federal Reserve debt note, an instrument of debt, is on the bottom portion of the balance sheet of the Federal Reserve, the liabilities side, is direct proof that each US dollar gains interest and that the Federal Reserve system is paid interest on that same debt, the national debt.”

Between_the_lines: True. But the interest is only the tip of the iceberg. Every Federal Reserve debt note created is a tax-free CAPITAL GAIN!

Also “The Federal Reserve” is an ill-defines term.
People using it usually mean the 12 private “Federal”-Reserve Banks and their group organization – their “board of governors”.

• “Federal”-Reserve banknotes are issued by all of the 12 private Federal”-Reserve Banks
1:A. Federal Reserve Bank of Boston
2:B. Federal Reserve Bank of New York
3:C. Federal Reserve Bank of Philadelphia
4:D. Federal Reserve Bank of Cleveland
5:E. Federal Reserve Bank of Richmond
6:F. Federal Reserve Bank of Atlanta
7:G. Federal Reserve Bank of Chicago
8:H. Federal Reserve Bank of St. Louis
9:I. Federal Reserve Bank of Minneapolis
10:J. Federal Reserve Bank of Kansas City
11:K. Federal Reserve Bank of Dallas
12:L. Federal Reserve Bank of San Francisco

There is a code on every dollar bill(to the left of George Washington) that tells you which of these 12 banks issued it.

• “Federal”-Reserve banknotes are NOT issued by the banks’ “board of governors”:

maxxxem Reply:
November 20th, 2011 at 4:19 pm

By Paul McGuire
November 17, 2011
NewsWithViews.co
“A revolution is not a dinner party… A revolution is an insurrection, an act of violence by which one class overthrows another.” -Chairman Mao
In my first article, I shared with you that at fifteen years old, I was personally involved in the counter culture in Manhattan. I demonstrated with radical activist Abbie Hoffman, was made an honorary member of the Black Panther Party (because I was white, I was given only honorary status) and was there with Timothy Leary, Ken Kesey. Allen Ginsberg along and radicals from the counter culture. In fact, although I never met him, I was there at the same time George Soros was having his political views forged with his friend, the poet Allen Ginsberg.
I was interested in a purely peaceful revolution based on a New Age vision of higher consciousness and some kind of Utopian one world government, one world economic system and one world religion. When I saw mass brainwashing being used to turn peaceful hippies into violent Weather Underground and Communist revolutionaries, I left the “movement,” to look for answers elsewhere. While attending the University of Missouri in Columbia, I had a dual major in filmmaking and a brand new field of psychology called “Altered States of Consciousness.” I began to find those answers, when I had what can only be described as a supernatural experience hitchhiking on the back roads of Missouri.
Today, I am watching the same Marxist strategies at work, this time on steroids, using social media and in the middle of the greatest economic crisis America has ever known. I have spent over 30 years living and researching this subject and my conscience demands that I speak up about it because real love engages and confronts. I cannot be passive or silent in the face of evil. If I really love my family, my country, you and your children, than I must speak up. For as the great philosopher, Edmund Burke, said, “The only thing necessary for evil to triumph is for good men to do nothing.” I believe the real purpose of the Occupy Wall Street (“OWS”) Demonstrations is to eventually bring about a violent revolution to overthrow the government of the United States and bring in a dictatorial global government which the ancient prophet Daniel referred to as the “Fourth Beast.”
I am not suggesting that the demonstrators and all of the backers of OWS are aware of the full implications of what they are involved in. Many of them are simply attempting to change the system by expressing publicly their sense of injustice as a Corporate-controlled America rips them off of their money, future and hope. The elite finance both conservatives and progressives and have an interest in promoting conflict between the two groups as part of their Hegelian Dialectic. In the Hegelian Dialectic, you create a thesis like capitalism and an antithesis like communism, to bring about a synthesis such as socialism.
Although the demonstrations may change names over time, they are part of a long-term and ancient plan to bring in a world Socialist government; a plan that was conceived before the American Revolution in 1776. 1776 was also the same year a secret occult organization called the Illuminati was formed for the purpose of establishing a new world order. The group consisted of an international banking elite and political, cultural and religious leaders. It was the Illuminati that were secretly behind the French Revolution where a violent revolution occurred, sexual orgies were held in the churches and people worshipped the “goddess of reason,” symbolized by a woman who rode topless on a horse through the streets of Paris.
The Illuminati strategy, “order out of chaos,” is the exact same strategy being used by those who are controlling the Occupy Wall Street Demonstrations. Except they have exchanged the word “chaos” for “crisis.” The plan is hardly a secret, and can be seen on the back of any U.S. dollar bill.
The Egyptian pyramid on the back of a U.S. dollar is an Illuminati symbol. Below the base of the pyramid are the words, “Novus Ordo Seclorum,” which means new order of the ages, or new world order. The base of the pyramid represents the masses or serfs of the new world order, which is the American middle class. In the middle of the pyramid you see the All-Seeing Eye of Lucifer, which represents the “Illumined ones,” who have received the Luciferian enlightenment:
Thus the term, “Illuminati.” The top of the pyramid represents the Illuminati rulers or, in the words of H.G. Wells, the “scientific elite” who will rule this new world order. Zbigniew Brzezinski and many others in the Bilderberg Group, the Council on Foreign Relations and other globalist institutions, are referred to as a ruling elite.
Many in the media, political and religious world do not understand the occult connections between Communism, Fascism and globalism in our world today. It was the Illuminati Manifesto, published in the late 1700’s, which was the direct blueprint for the Communist Manifesto written by Marxists Karl Marx and Friedrich Engels [Engels was English] in 1848. The occult Illuminati Manifesto called for:
Abolition of Monarchy and Ordered Government
Abolition of Property
Abolition of Inheritance
Abolition of Patriotism
Abolition of Family
Abolition of Religion
Almost all of the strategies and principles of Communism came directly from the Illuminati. Karl Marx was not an atheist, but a practicing Satanist, who used Communism as a weapon to attack God.

reconscoutsniper Reply:
November 20th, 2011 at 5:10 pm

@ maxxxem

Have you changed your views? Or, are you a communist today?

You can tell me to “fuck off”, that’s your privilege.

Or

You can answer the question, or you can ignore the question.

At 9, I was in the company of those who stated that the US Government was out to bankrupt the middle class of the USA and to institute communism.

Two different worlds.

Stating what one did in their past does not necessarily define what they are today.

How would you “define” yourself today. If you are a true US Patriot and now believe in the US Constitution, what was it that made the change happen for you? If you haven’t changed, then ….whats your point? Everything you mentioned with the exception of your past, is a matter of record.

Bravo2……out
Why do you dicker with this? Why cannot Americans en mass rebel against the system? Oh that’s right, you might have to walk home and make your own dinner – the reason why they get away with what they do is that few are willing to forgo the rapidly dwindling benefits.
Yeah, I agree; you see a wrong, you’re suppose to correct it; not continue on for the next hundred years !