The Federal Reserve System is not a government institution, but a privately held corporation owned by stockholders. The top eight stockholders are Rothschild Banks of London and Berlin; Lazard Brothers Banks of Paris; Israel Moses Seif Banks of Italy; Warburg Bank of Hamburg and Amsterdam; Lehman Brothers Bank of New York; Kuhn, Loeb Bank of New York; Chase Manhattan Bank of New York; and Goldman, Sachs Bank of New York. Jacob Schiff came to America from Germany with specific directives from Rothschild, the major banking mogul of England and Germany: to gain control of the U.S. money system. He bought into a banking house he could control: Kuen & Loeb. He married Loebs daughter, Theresa, eventually bought out Kuens interest, and moved to New York as sole owner. He posed as a philanthropist and man of holiness. He won over J.P. Morgan and others by offering help from Rothschild financing. These people were having a heyday with their businesses, but they were at a point where they needed a lot of capital to expand their businesses. Through loans to these people he gained great financial power. He also had to convince congressmen to enact the Federal Reserve Act. Some say that he used racial strife to plant liberals in congress and control media. The Federal Reserve Act was originally voted down as unconstitutional (Art. 1, Sect. 8 - the power of issuing money and regulating value belongs to Congress). It was later reintroduced in another form, when many opponents of such a system had left for Christmas holidays, and was rammed through Congress on Dec. 23, 1913. Now this private enterprise can control how much money will be printed and what the interest rates will be. Therefore, the powerful elite can know what to do about buying and selling, etc., while the rest of us are influenced negatively by their policies. They can drive prices up and down. They have an unfair control of what they can do with our fortunes.
Posted on: Tue, 04 Mar 2014 02:26:08 +0000
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