[Toddsterpatriot]

It may volunteer to return the unused profits of lending money it creates out of thin air to the government, but the shareholders are the National Banks and not the people in whose name the money incurs an obligation, the taxpayers of the United States.

The money printed by the Fed does not incur an obligation by the taxpayers of the United States.

If Congress wanted to re-assert full control of the Fed by purchasing its stock back, how would you “mark to market” the value (in terms of dollars) the company that has the monopoly on creating dollars?

It's easy. If they bought $1,000,000 worth of stock, they have to sell it for $1,000,000.

It makes possible borrowing without ever having to repay. Why repay when you can inflate debt away?

I never knew that buyers of government debt were unaware of inflation and didn't add that to the interest rate they require.

when the Fed creates money, it allow government to purchase goods and services from the very citizens who created the wealth upon which the money supply is based.

The Fed doesn't give the new money to the government to spend. Did you write this silliness? Or did Ron Paul?

No Big Spender nor supporter of big and Bigger government will give Paul’s bill the time of day.

Neither will anyone who understands economics or the money supply.

[iconoclast63]

These two exerpts from your post contradict each other: "The money printed by the Fed does not incur an obligation by the taxpayers of the United States." "The Fed doesn't give the new money to the government to spend. Did you write this silliness? Or did Ron Paul?" So Fed notes do not impose an obligation on the taxpayers, BUT, the Fed does not GIVE them to the government. Doesn't that mean the government has to PAY for them? Isn't the government funded by taxpayers? Make no mistake sir, EVERY dollar that the Fed deposits in the government's checking account is a loan, repayable in full, @ interest, by the American taxpayer. The fact that a privately owned bank has the power to create our medium of exchange and sell it back to us is the basis for any learned man's opposition to the Fed. Bankers will defend the system using the argument that we must have a profit motive driving the process of money creation. Thirst for profits teaches bankers to constantly expand the supply of credit, supposedly fueling economic growth. In reality what is happening is that the entirety of human civilization is going deeper and deeper into debt. "...bankers own the earth..." As long as money is created as debt, this statement will be true.

[TFS03]

A woman was hit by a car driven by a Federal Reserve Employee, she filed a lawsuit against the Government for her medical bills. The judge in the case dismissed it, and the reason cited was that the Federal Reserve was not a part of the US Government, therefore she could not sue the Government for what an outside private company had done.

The Federal Reserve Act and the Federal Income Tax Act are the biggest frauds and scams ever in history, and will destroy the USA. Democracy destroys every country it grasps.
And , the bankers destroy for profit, then move on leaving nothing behind.

Where’s your factories, where’s your technology, where’s your 401K, where’s your retirement....all seems to be slipping right into their pockets. Remember, money and wealth don’t disappear, it merely gets transferred.

Banks are falling, businesses closing, jobs lost, prices getting higher...etc.... I thought that the Federal Reserve Systems job and goal was to stabilize these things...seems they are more of failures of stability and more like pirates and thieves on a drunken binge at the expense of the idiotic people who can’t comprehend their own stupidity.

They will rob this country until there’s no more to take, then they’ll destroy it.