Our US Treasury creates our money. If that is news to you, if you were somehow unaware of that, then already we have a problem. When Americans do not even understand that their money is created by the US Treasury, which is the financial equivalent of not knowing how to tie their shoes... yeah, that's a problem. Financial ignorance is bliss for the banks, they want you blind and stupid, makes it easy for them to rob you. If you understood even a tiny bit about your money, you might not be willing to let them take it from you. But as long as you are so stupid, you don't even know you are being robbed, then everything's cool. So, Alexander Hamilton says we need a central bank. And Thomas Jefferson replies, No, stupid, we don't need a central bank, we have a Treasury, just do your job! If the republic creates its own money at the Treasury, why the hell would it need to borrow money from a bank???? It doesn't. duh. no, I mean duh. So, along comes this den of thieves from Wall Street and they steal the currency. And they tell you, don't try to understand what we are doing, it is too complicated for you, don't worry your pretty little head, everything is fine, you might start to get a little poorer and your wages might get stolen and your Treasury might become a debter, but hey, that's alright, don't worry about it. We like what we set up and you need us - soooooo, don't worry be happy. happy little slaves. Let's re-examine the process the banks set up for the nation. First of all, and this is crucial, we are dealing with different parties, you can't have debt between the same parties (the government can't owe itself money, that's not a legal debt, to be a legal debt it needs to be between different entities) so to start with, it is important to understand that the Federal Reserve is not a part of the Federal Government. It is a Government Sponsored Enterprise (GSE) - AKA - it is a private sector bank. Just another corporation, it has stock holders, a board of Directors, all the usual stuff. Now, here's where the fun begins, American money is created by the US Treasury, when fiat script is printed up (paper money), the US Treasury is the fiat - the authority that is printing the money. When Congress borrows money directly from other nations, the US Treasury can be out of the loop, not part of that transaction. But when the nation sells bonds to build bridges or fight wars, then those bonds (debts) are sold by the Treasury at auction to the private sector. Those bonds can be redeemed by our money created in the Treasury. The whole idea of a treasury is to create the money supply for the nation. Now, let's say we want to use debt as the sole means of currency. Why would we want to do that? Well, the only purpose for doing such a thing would be to make slaves out of the entire nation. So, it might be a wonderful idea for whoever is going to be the slave owner, but it is a really stupid idea for the republic to turn itself into a slave camp. That's not to say, the nation wasn't stupid enough to do this. So, if you want to set up a synthetic bond - a debt for currency that was never created in the treasury - a debt that is on paper only, with no money changing hands - and you want to set it up between the Treasury and the private sector, then automatically, it follows that the currency being created at the Treasury would be owed by the private sector back to the Treasury, right? After all, the banks are not creating this money, they are borrowing it, right? right? no, I mean right? Okay, but if the banks secretly drew up the Federal Reserve Act, then they would draw up a reverse bond; so that the money being created by the Treasury is actually owed by the Treasury to the banks. That way, the banks get the bonds, which they use as currency, and get to redeem the bond for more Treasury money. Can't get much better than that, can it? Well, it can if you secretly drew up the currency. So how about, when the bond comes in for redemption, instead of retiring the debt with Treasury money, let's hang it on taxpayers to pay down those bonds. That way the banks get the bonds, use the bonds, then get paid for the bonds as if the bonds were their own, and finally get to enslave the whole nation for the redemption of the bonds, so the banks own everybody with their own money, which now belongs to the banks. There's another slick method that was employed to steal our wages to redeem the bonds, but that's another post. So, stealing the Treasury blind was not enough, the banks also wanted to enslave the nation. Maybe there is something sinister about these banks? ya think? So we are done, right. The banks robbed the Treasury and the people blind, what else could they want? Oh, all the money printed in our mints. Yeah, they want that too. But it is our money, the banks have no right to it. That's okay, just print Federal Reserve on the Notes instead of United States and give it to us, we'll pay the printing costs. Now let me ask you, how stupid are Americans? Really, really, really, really. really, really, really, really. really, really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really, really, really. really, really, really, really. really stupid. no, I mean really stupid.