The Federal Reserve Bank is as Federal as Federal Express

#Money, #Opinion, #Politics

Sunday, March 4, 2012 at 11:00 (6483/30) by nofx

Did you know this? Unlike the Bank of Canada, a Government-owned Crown-corporation used to promote the economic and financial well-being of Canada, the United States' Federal Reserve Bank is actually privately owned by foreign banks and their interests are their own. According to Earth Blog News:

The Federal Reserve is a private corporation. It is neither Federal, nor does it have any Reserves. The Federal Reserve creates money out of nothing, then collects interest on the debt. It was conceived by several of the world's wealthiest bankers in 9 days of secretive meetings at a Jekyll Island retreat in November of 1910.

The above short comes from The American Dream Film and it is described as such:

The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.

http://con.ca/n6483

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