March 6, 2010

3/6/2010 12:00:00 AM

The Federal Reserve Bank is boisterous about the fraud they inflict on Sovereign United States Citizens. “The actual process of money creation takes place in the banks.” (Modern Money Mechanics, Federal Reserve Bank of Chicago, page 3) This pamphlet uses an example of $10,000 being deposited from the Federal Reserve Bank to “Bank A” and shows how that develops into an increase in assets to the amount of an additional $90,000. From another Reserve Bank publication, this time from page 8 of Philadelphia’s The National Debt, “The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money-almost any amount of it. This power makes technical bankruptcy out of the question.” So not only are the banks committing fraudulent activity in the sense that they claiming asset value from their debt and secondly loaning out more than they have borrowed, they are protected from any risk of bankruptcy courtesy of creating money out of thin air.