Must Watch: The FED on the FED - A Human Encylopedia
Restore the Republic interviews a FED press person who turns out to be a human encyclopedia aware of statistic after statistic.
First he emphatically and repeated states that the FED is a private corporation. He then says their checkbook has no ledger -- that when the FED creates money they just enter it in and it is "transmorgnified".
He said a lot of interesting things such as how the FED sold their gold to the Treasury in 1933 for 30,000 $100,000 Woodrow Wilson bills -- around $45 billion in today's value. Then they shredded all but 12.
He also mentioned how the US Government forced everyone to sell their gold for 20 something an ounce or face huge fines and prison time.
When asked about Liberty Dollars, he was unaware but referred to counterfeiting as a 'euphemism' while acknowledging the legitimacy of using silver as currency.
At the end when asked if he had any last words the Federal Reserve PR man said he'd "probably said too many already".
First he emphatically and repeated states that the FED is a private corporation. He then says their checkbook has no ledger -- that when the FED creates money they just enter it in and it is "transmorgnified".
He said a lot of interesting things such as how the FED sold their gold to the Treasury in 1933 for 30,000 $100,000 Woodrow Wilson bills -- around $45 billion in today's value. Then they shredded all but 12.
He also mentioned how the US Government forced everyone to sell their gold for 20 something an ounce or face huge fines and prison time.
When asked about Liberty Dollars, he was unaware but referred to counterfeiting as a 'euphemism' while acknowledging the legitimacy of using silver as currency.
At the end when asked if he had any last words the Federal Reserve PR man said he'd "probably said too many already".
Labels: federal reserve, money
posted by The Builder at
7:16 AM
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