How Do Federal Reserve Notes Go from Printing Press into Circulation?

THIS:



PLUS THIS



EQUAL CHAOS AND REVOLUTION

The non-comprehending victims of the scheme may not know why things are the way they are, but they do have a weapon and they do know how to load and fire.

The OP is to be congratulated on his quest to seek the origin and pattern in the design.

More clues here: Thread: Get rid of the money system, then get rid of goverrments (Page 5)

The federal reserve system is a creditory monetary system. Hummel calls it creditary but that is just splitting hairs.

William Hummel ( [link to wfhummel.cnchost.com]

Formal Education: UC Berkeley - BA in Physics, Harvard - electronics, MIT- naval radar, USC - MS in electrical engineering.

Career: US Navy radar officer - World War II, Pacific theatre. Forty-three years in aerospace engineering, guided missiles and spacecraft, mostly with Hughes Aircraft Co, El Segundo, CA. Chief scientist of Control Systems Laboratory. Design of flight control systems for missiles, first soft landing on moon, orbiting solar observatory, Venus and Mars spacecraft, several geo-synchronous communications satellites. Retired in 1990.

Interests: Understanding money and credit, Post-Keynesian economics, Investing long term, Classical music - piano and string ensembles, Internet discussion groups, Travel - Europe and California, Poetry - meter and rhyme, Gardening in containers, Sports - soccer, Cosmology - the Big Bang, black holes, quasars, and all the rest. Dogs - Labrador Retrievers and American Eskimos

explains: [link to wfhummel.cnchost.com]

Be sure to read the section on seigniorage where Hummel nearly fully exposes the error in the federal reserve system.

i don't have a link in front of me at the moment, but check youtube or bittorrent Zeitgeist 2: Addendum. It has a lot of eye-openers about our monetary and banking systems.

wait...here it is :

[link to www.youtube.com]

it follows our money from printing, through a ton of WTF banking practices and lays out why our system is screwed.

There is a book: The Organization of Debt into Currency by Charles Holt Carroll written as a series of articles about 1870-1880 published in 1964 and available in PDF format here:

[link to www.mises.org]

Really can't recommend it - (pretty dull even for the hardheaded student).

The point is that he is largely correct. There is a long history of using promissory notes and accounts receivable as currency that dates back to the Roman system.

Here is some historical info from the federal reserve of New York: [link to libertystreeteconomics.newyorkfed.org]

Historical Echoes: Cash or Credit? Payments and Finance in Ancient Rome

Here are some of the players in current study of creditary instruments as currency: [link to www.credec.org]

Wow you've done a lot of research kudos to you!

As far as I understand it the fed is more like a central clearing house. They have the authority from legal tender laws to generate an unlimited amount of credit, that is they don't owe anything to anyone else they are the source of the credit. That is how they buy up treasury bonds or commercial paper through QE. They have to account for the purchases on their accounting books, thus you see the increase on their balance sheets up to some $2 trillion now for their QE actions.

They pay a Seigniorage (fee) to treasury to print up actual physical bills when depositors demand physical cash. Each transaction comes from the member banks from their reserves. So if a particular bank wants to draw from their reserves in bills, the fed prints some up, pays the Seigniorage and delivers the cash to the banks. So, they aren't printing the money per se, it existed on accounting balance for that particular bank in their reserve.

All the banks are supposed to maintain their required reserve ratios, historically at around 10:1 or for every $10 dollars they have extended in loans they need to have $1 on reserve (unencumbered assets) with the fed. But they play with those ratios all the time, and honest transparent accounting would be the only way someone not in the system could tell if they had the required ratios or not. The fed is anything but transparent.

Getting down to where does the printing actually come from, its hard to tell in today's world where so much money exists in electronic form on accounting balance sheets. For instance when the treasury has a new auction for bills, the primary dealers (who are the only authorized participants in the auctions) can buy those bills but is it money that already existed or is it manufactured credit that previously didn't exist? I think at the very beginning of the system it must have been fudged as the original banks didn't really have any money to invest in government debt (they wouldn't because they realize the ponzi scheme was of their own making) so they used credit to start the initial ball rolling. But who's credit? The federal reserve's credit which they are authorized to extend by legal tender laws. That go the ball rolling and probably still does.

In other words when the primary dealers arrive at a government auction they must use federal reserve credit to by the bonds if their bid is highest. But what do they actually put up as collateral for the credit? IMO they use the bonds they are going to buy as the collateral for the credit. And now the interest rates on the credit they use to buy the bonds is near zero, making the bond scam a risk free profit. Especially in a declining interest rate environment as they can hold the bonds for a couple weeks and then sell the bonds back to the fed at a higher price.

Sorry, long post and just my opinions but great thread I wish more people would think about this stuff.

.

Creature from Jekyll Island; G Edward Griffin:

[link to www.youtube.com]

From the thread: Thread: BREAKING Bank Of England to consider NEGATIVE interest rates. (Page 2)



So it has been predicted that the unwitting pawns who have been the victims shall revolt.

Can't find a link, there was a thread on GLP were a poster stated that the engraving plates for printing physical money was taken or sold to China in 2010. To prove it it was said that if one were to look at any U.S. bill that you would not see a date on the bill later then 2010. Just putting it out there maybe someone my have more information.



Last Edited by Terrebonne on 02/26/2013 05:15 PM

The debt isn't real, the money isn't real. The service (payments) on the debt is real and it keeps you as slaves!



Thread: The debt isn't real, the money isn't real. The service (payments) on the debt is real and it keeps you as slaves!

But of course, before (or afterward?) the money system fails (this goes for the OPPT operation also) the organizers should have a replacement system ready. And they don't have a clue.

very interesting I will have to look into this one.

I've never heard this but truthfully it wouldn't surprise me.

This subject could fill ten volumes, with ten books in each volume. It is long, dull and overly complex. Intentionally crafted to confound and confuse.

The simplest explanation is that it is a sort of trickle down credit system. I used to have an image to describe this, but words will have to suffice.

The banks operate as a cartel. The interest is simply to protect the cartel. The interest is tribute. Tribute began in old temples where people gave their offerings. It was the first 'form' of taxation.

America has ALWAYS fought against federalization / stateism. The defining difference is clearly based upon its weights and metrics. Or, more simply put - their credit and currency.

Under federalization, we have a single organization given the exclusive right to create currency/credit. Under stateism, anyone can create their own currency and credit. This can be viewed all through out Americas history.

The war of 1812 was fought specifically because of this. The Virginia Charter established a agreement between the colony and the King for exchange for goods/supplies/labor the King received profits.

Of course, we fought the Revolution and overthrew that system... until, well 1812 - and once Andrew Jackson stood against renewing the charter, Nicholas Biddle orchestrated a collapse. Inevitably this led to the civil war.

WW1 bankrupted most of Europe. WW2 bankrupted America. We all were placed within an international system, although by different methods. America, is a corporation and her assets are the human resources, land resources, and intellectual property/technology.

Also, the individual human is also involved. I will not spend a great deal of time here, but each person is collateralized and placed on the open market. This was the only way for big business to accept all of the safety nets that were created coming up through the industrial revolution. This means the business kind of claims you similar to how you claim dependencies on your taxes.

Ever since then, this was merely used to seize assets and return them value, or worth - back to the original source/creditor/sovereign.

I hope this has added a little clarity.

The complexity of how 'money' is created is not so complex at all. Most of what you described is accurate. These credits are sold in the form of bonds/notes. And this allows them to print money.

When large companies such as GE roll their debt over, based upon their performance - they may receive additional credit,lower rates, etc. Regardless, the money lent to them, is trickled down through the company. This same method is mimicked by all of the big companies/organizations/government agencies.

Last Edited by Children of the Atom on 02/28/2013 07:11 AM

^ this is all gold!

thanks for so many solid contributions guys. I hope other GLPers can learn from this info.

giving another bump for more insight.

and to provide some more discussion - is it fair to claim the Federal Reserve is committing usury against the public?

meaning, they offer credit loans to commercial banks and nearly zero % interest rates. they also buy up gov't bonds and t-bills to send credit into the hands of the feds.

but they do not offer these same rates towards general borrowers. in fact, general small businesses do not have the option of borrowing from the Fed.

But of course they have the option to buy up mortgages and blow their credit however they want. it sounds like a felony to me but I am no lawyer.

It began with a taking without recompense. Without recompense or without proper bookkeeping.

It began with the implementation of the fifth plank of the communist manifesto under Roosevelt. The fifth makes the claim that the credit of the people is a property owned by the government. The bank assigned the credit of the people to the banks via a "license" (look up the full meaning of license).

The credit the banks create over your signature is NOT THEIR PROPERTY; it is the property of the people. There must be an offset account to properly balance the account.

I have told a story that "My uncle Samuel borrowed my credit card. Now I find he is a trouble maker who starts fights everywhere and a wastrel. Now Sam is griping because I am falling behind on the payments. What should I do?"

And then respond to whatever reply that generates.

Fractional Reserve Banking as Economic Parasitism, Vladimir Z. Nuri

[link to duckduckgo.com (secure)]

62 pages if you find it in PDF format (located at the Family Guardian site)

$1 bills are bank notes as they are issued by a Federal Reserve Bank. All other denominations are Federal Reserve discount notes ie: $5 bill is 1/5 of $1, $10 is 1/10 of $1, etc. Federal Reserve Notes are only authorized to be circulated among bank that belong to the Federal Reserve System. Look at the seal on the $1 and then look at the seals on $5 on up. The seal on a $5 bill on up says "Federal Reserve System".

The world allows the use of the Federal Reserve Notes in order to keep the public within their delusion. Possession of FRN's is illegal and considered contraband unless you are a FR bank or a member bank.

Search e-books online for "fractional reserve banking"
[link to findebookee.com]

Coins Financial School 1894 (180 pages) (I do not agree that specie coinage is the only way to "do" money, but this is still a good read)

[link to duckduckgo.com (secure)]

Amazon has ONE NEW copy: [link to www.amazon.com]
[link to findebookee.com]

United States Budget Dilemma 5.6 minute video;

Has been watched nearly 3.7 million times since publication March 14, 2012

[link to www.youtube.com]

They buy bonds from corporations.

Also a lot of it is digital credit.

I would think that whichever corporations have the favor of having the Fed buy their bonds would be subservient to the Fed.

ANd the 'money' that is created by the Fed is an asset of the Fed. So the corporation bonds they buy are assets (owned) by the Fed and the Fed receives the payoff when the bond is due. We, the AMerican people don't get it, but corporations that employ us get the use of the money while they have it. So we benefit from it.

I think, but am not sure, that the Fed can release money by buying stock too. If they get enough stock in a company they can control it.

Published 1976

The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. P. Morgan).

DAVID ROCKEFELLER
----------------------------
Chairman of the Board
Chase Manhattan Corp
|
|
______|_______________________
Chase Manhattan Corp. |
Officer & Director Interlocks|---------------------
------|----------------------- |
| |
Private Investment Co. for America Allied Chemicals Corp.
| |
Firestone Tire & Rubber Company General Motors
| |
Orion Multinational Services Ltd. Rockefeller Family & Associates
| |
ASARCO. Inc Chrysler Corp.
| |
Southern Peru Copper Corp. Intl' Basic Economy Corp.
| |
Industrial Minerva Mexico S.A. R.H. Macy & Co.
| |
Continental Corp. Selected Risk Investments S.A.
| |
Honeywell Inc. Omega Fund, Inc.
| |
Northwest Airlines, Inc. Squibb Corporation
| |
Northwestern Bell Telephone Co. Olin Foundation
| |
Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ
| |
American Express Co. AT & T
| |
Hewlett Packard Pacific Northwestern Bell Co.
| |
FMC Corporation BeachviLime Ltd.
| |
Utah Intl' Inc. Eveleth Expansion Company
| |
Exxon Corporation Fidelity Union Bancorporation
| |
International Nickel/Canada Cypress Woods Corporation
| |
Federated Capital Corporation Intl' Minerals & Chemical Corp.
| |
Equitable Life Assurance Soc U.S. Burlington Industries
| |
Federated Dept Stores Wachovia Corporation
| |
General Electric Jefferson Pilot Corporation
| |
Scott Paper Co. R. J. Reynolds Industries Inc.
| |
American Petroleum Institute United States Steel Corp.
| |
Richardson Merril Inc. Metropolitan Life Insurance Co.
| |
May Department Stores Co. Norton-Simon Inc.
| |
Sperry Rand Corporation Stone-Webster Inc.
| |
San Salvador Development Company Standard Oil of Indiana
-----------------------------------------------

Chart 5

Federal Reserve Directors: A Study of Corporate and Banking Influence
- Published 1976

This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.

Maurice F. Granville
Chairman of The Board
Texaco Incorporated
----------------------
|
|
Texaco Officer & Director Interlocks ---------------- Liggett & Myers, Inc.
------------------------------------ |
| |
| |
L Arabian American Oil Company St John d'el Ray Mining Co. Ltd.
O | |
N Brown Brothers Harriman & Co. National Steel Corporation
D | |
O Brown Harriman & Intl' Banks Ltd. Massey-Ferguson Ltd.
N | |
American Express Mutual Life Insurance Co.
| |
N. American Express Intl' Banking Corp. Mass Mutual Income Investors Inc.
M. | |
Anaconda United Services Life Ins. Co.
R | |
O Rockefeller Foundation Fairchild Industries
T | |
H Owens-Corning Fiberglas Blount, Inc.
S | |
C National City Bank (Cleveland) William Wrigley Jr. Co
H | |
I Sun Life Assurance Co. National Blvd. Bank of Chicago
L | |
D General Reinsurance Lykes Youngstown Corporation
| |
General Electric (NBC) Inmount Corporation

[link to www.save-a-patriot.org]

NOtice the last line:

General Electric (NBC)

At the risk of being attacked as a religitard, the following interviews, regarding the presence of an altar where babies were sacrificed under the spot where the Federal Reserve was conceived (on Jekyll Island) is quite interesting. You may skip over the first part of part one and begin where he starts to talk about Jekyll Island, particularly if you are the type to call me a religitard, but the beginning does add depth to the conversation. Part 2 is a discussion of debt as slavery.

Canaanite Altars and the Federal Reserve Part 1
[link to www.blogtalkradio.com]

Canaanite Altars and the Federal Reserve Part 2
[link to www.blogtalkradio.com]

When you fill out IRS forms you are required to sign under penalty of perjury that you have correctly determined and reported your accounts in terms of "dollars."

But, what is a dollar? There are conflicting coinages all produced by the treasury under direction from Congress;

A piece of paper called a federal reserve note dollar, a pre-1930 90% silver coin with the word dollar stamped on one face, a manganese brass (golden colored) Sacajawea coin stamped with dollar on one face, and more recently a .999 pure silver coin weighing one ounce that is also stamped "dollar."

So, before signing and submitting that report to the IRS, you might want to preface your action with a series of letters to the IRS, and to your congress critters asking them to define "dollar" for your edification.

Christopher Hansen of Nevada has taken exactly that series of requests and you can read about the results here:

[link to www.independentamerican.org]

More recently (February 2013) Attorney Larry Becraft of Huntsville Alabama has submitted a Petition for a Writ of Certiorari to the United States Court of Appeals...

You can read that in html format here: [link to www.independentamerican.org]

Or see the document in PDF format here: [link to www.usbor.org]

Sorry, can't edit the post, but he starts Jekyll Island at the 68 minute mark, and gets to the meat of the interview at 81 minutes.