[ml/nj]

You can point me to whatever documents you want to or tell me to read about Jekyll Island. The bottom line is the Fed is not what it started out to be. It's notes originally were notes. They were redeemable in gold and they weren't legal tender. Now they are not redeemable for anything and are legal tender. The little pieces of paper they print all carry the words "United States of America" and a signature of the Treasury Secretary. They are as much a part of the Federal Government as the Post Office which is also supposedly independent. The Fed is a legal fiction, and so is all of the stuff that most people think of as money.

ML/NJ

[antisocial]

BTTT

[Fast Moving Angel]

I just received the book “The Creature from Jekyll Island” (mentioned by a FReeper whose name I do not recall) and read the first chapter yesterday. Scared the heck out of me.

[macebowman]

The FOMC is part of the Federal government.

The Federal Reserve Board is part of the Federal government.

The Banks of the Federal Reserve, the ones with all the money, the one in New York with that big vault full of gold. They are owned by shareholders and the government ain’t got no shares.