SORT BY Relevancy
The Federal Reserve Act (enacted December 23, 1913 signed into law by president Woodrow Wilson) was purportedly designed to aid in:
1. Conducting the nation’s monetary policy by influencing monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates.
2. Supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system, and protect the credit rights of consumers.
3. Maintaining stability of the financial system and containing systemic risk that may arise in financial markets.
4. Providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation’s payments system.
The Origins of Fractional Reserve Banking
In XVIth century England people who had gold would deposit it with goldsmiths for safekeeping. In exchange they got a signed receipt guaranteeing that they could retrieve it. The value assigned to that note backed by the gold in the goldsmith’s vault made it possible to use it for payment.
That means if A deposited £10 worth of gold and had in his possession a receipt he could settle his debt with it. That receipt, actually a promissory note, became money. The person who took it in payment could either use it as is, or at some later point retrieve the gold in the goldsmith’s keeping.
At the same time B borrows £10 worth of gold from the goldsmith but receives a promissory note. He settles his debt to C with that note. Now there are two notes in circulation for one amount of gold. The goldsmith issues further notes, knowing that all claims would not have to be honored at the same time.
This edition of Center Stage main story dealt with the Federal Reserve's celebrating there100th anniversary this month. It also focused on news straight out of the headlines of news outlets from across the country. We talked about the NSA spying on X-Box players, Mayor Michael Bloomberg mandate to have flu vaccines administered to kids 3-5 attending daycare, Detroit's city workers penions possibly being lost, Texas teen Ethan Couch getting 10 years probation after killing 4 people while driving drunk, and sign language interpreter at Mandela's funeral being a fake. My panelist AJ Houston and Christopher Bonds made this an awesome show.
On this episode of ALI: NATION ... Understanding - Overstanding & Innerstanding of finance & banking. Is it important? Comprehending time and the institution of the Federal Reserve and it's organization - function & inevitable end, is it relevant?
Does the establishment of The Federal Reserve in 1913 and the 1st World War correlate? Has the rule of the alien or negative force on our planet have a time or limit? Is that limit of time expired?
We will look into these questions and much more as we continue the book - Secrets of The Federal Reserve.
Tune in every Monday - Wednesday & Friday @ 3pm PST/6pm EST
On this episode of ALI: NATION - we will continue in our review from the book Secrets of The Federal Reserve. Last time we completed the chapter titled: The London Connection; this episode we will look at the following chapter titled: The Hitler Connection. We will look at the players involved in the World Wars and how the Federal Reserve system enabled the World Wars commencement and sustanability.
Tune in every Monday - Wednesday & Friday @ 3 PM PST/6 PM EST
On this edition of ALI: Nation will continue the book Secrets of The Federal Reserve as well as discuss the current event that took place through the weekend.
There is No Money!
Meaning there is only legal tender and money of account. Money of exchange - which means - gold/silver etc - has been taken out of circulation as of 1933 and the standard of currency has been based on money of account for the last 80+ years.
Tune-in @ 3pm PST/6pm EST
On this edition of ALI: NATION we will conclude the book Secrets of The Federal Reserve.
We will look at the word retaliation, the words of Minister Louis Farrakhan & The Honorable Elijah Muhammad plus the latest from the DOJ on police murder(s) vs community trust.
Tune in weekends @ 3 PM PST/6 PM EST
Jump "In the Pickle Barrel" for an indepth interview with Currency Expert Andrew Gause, Author of The Secret World of Money and Uncle Sam Cooks the Books. As the Federal Reserves reduction of the U.S. money supply and promises of fiscal responsibility by newly-elected members of Congress will combine to give U.S. consumers more purchasing power this holiday season, says currency expert Andrew Gause.
But Gause warns that the buyers window that consumers will enjoy in November and December will be short-lived, as the very factors that are pushing the dollar's value to a five-year-high are also poised to seriously derail the U.S. economy in early 2015.
We will also be looking at several issues and concerns that have bee brought to my attention by our listeners.
Look forward to hearing from you between 8AM-10AM EST "In the Pickle Barrel".
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