The Federal Reserve doesn't lend based on it's reserves.
The Reserve expanded the money supply by 62%,
Was 62% too much? How much was enough?
This push was planned at a meeting of the International Bankers in 1926,
OMG, the International Bankers!
the Federal Reserve Board had met with the heads of various European central banks at a secret luncheon in 1927 to plan what they believed may be a major crash.
So they planned the crash. Bastards!
Illuminati members, who knew what the future held, got their money out of the stock market, reinvesting it in gold and silver. In the year before the crash, 500 banks failed.
Why would they invest in gold and silver? These prices were fixed. Why not invest in dollars?
To prolong the depression after the crash, from 1929 to 1933, the Reserve began to reducing the money flow by one-third.
They prolonged the depression? On purpose? Bastards!
Rothschild/Rockefellers/Carnegie/Morgan (CFR)
Shouldn't the initials be RRCM?
President Roosevelt (CFR) declares US. bankrupt
He did? I don't suppose you have a link? So did we default on our debts?
Sorry, it's taken me this long, but I've had to do some research.
You shouldn't have. Now that you've exposed their secrets, the Illuminati have to eliminate you. We're all in danger. That knock on my door it's the CFR. They're going to.......
Why not invest in dollars?
Gold is solid......so to speak and a guarantee. A very very long explanation very very short.
http://www.apfn.net/Doc-100_bankruptcy.htm
"Federal Reserve Notes (FRNs) are unsigned checks written on a closed account. FRNs are an inflatable paper system designed to create debt through inflation (devaluation of currency). when ever there is an increase of the
supply of a money substitute in the economy without a corresponding increase in the gold and silver backing, inflation occurs."
http://www.apfn.net/Doc-100_bankruptcy31.htm
"Document 100.1.3.2.0 31 of 39........
"The high office of the President has been used to foment a plot to destroy the Americans freedom and before I leave office I must inform the Citizen of his plight." PRESIDENT JOHN F. KENNEDY(10 days before he was murdered)
"On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at
interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress and can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order, it returned to the federal government, specifically the Treasury Department, the Constitutional power to create and issue currency -money - without going through the privately owned Federal
Reserve Bank. President Kennedy's Executive Order 11110 [the full text is displayed further below] gave the Treasury Department the explicit authority: "to issue silver certificates against any silver bullion, silver, or
standard silver dollars in the Treasury."
To get you up to date...those that don't know this already are behing the power curve or in denial or, they are disinfo "agents" that use the term, tinfoil hats, ridicule, distraction methods, answer questions with questions and demand proof that is either plainly provided or they disregard proof before their eyes....and are too lazy to do their own research.
Carrol Quigly already did expose them...Eisenhower did by his speech before he left office, JFK was going to as an interview revealed in August 1963, but was published in an editorial in December 1963....so forth and so on. Unfortunately, this will come to light in a relatively short while, as it is being planned or has already been planned for some time in the future.
Relative to your description....on a serious note...yes, they are in fact bast....ds. you haven't seen anything yet.
You need to look up the CFR and take it serious, or as you said, "You shouldn't have"... I didn't write this necessarily just for you as you noticed. I suspected by your response that there was a curve ball to your question. :) You might want to take a second look, and be ready or prepared for the very "uncomfortable" future ahead. I don't get in any flaming matches lately, as this is not longer a challenge to figure out. Many people are either in denial, in fear, indifference, arrogrant in their knowledge or lack of, and others in disbelief.....
more links to get you up to speed...
http://www.wealth4freedom.com/truth/U.S._legal_history.htm
December 23, 1913. The Congress, late at night with only a small cadre of supporters present, passed the Federal Reserve Act, surrendering the creation and management of the nation’s currency into the hands of a cartel of private—and mostly foreign—bankers. Currency is the single most essential and critical commodity in the world, embodying more law and principles of commerce than any other. Since all interactions are “commerce,” and the medium of doing business in commerce is currency, money is in a very significant sense the measure of all things. By abandoning control and management of the money supply the nation surrendered all capacity for claiming sovereignty. The government lost its independent treasury (one of the requirements in law for national sovereignty). The United States Government became a mere fiefdom, or administrative arm, of the bankers, who now owned the store.
Passage of the Federal Reserve Act was a major milestone on the “road to serfdom” that this entire progression outlines. The conspiratorial nature of matters is exemplified in comments by one of the major actors in the triumph of the Federal Reserve, Edward Mandell House, who had this to say in a private meeting with President Woodrow Wilson:
“[Very] soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.
Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call “Social Insurance.” Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.”
http://www.wealth4freedom.com/truth/house.htm
The CFR won't be knocking on your door. Apparently you don't know the players and the role they play. This is not uncommon.
Did you ever hear of the Independent Treasury Act of 1921? No, you say.... Hmmmmmmm....?
The Independent Treasury Act of 1921 suspended the de jure (meaning "by right of legal establishment") Treasury Department of the United States government. Our Congress turned the treasury department over to a private corporation, the Federal Reserve and their agents. The bulk of the ownership of the Federal Reserve System, a very well kept secret from the American Citizen, is held by these banking interests:
Rothschild Bank of London
Rothschild Bank of Berlin
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Lazard Brothers of Paris
Israel Moses Seif Banks of Italy
Chase Manhattan Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Kuhn Loeb Bank of New York
THE U.S. INC. DECLARES BANKRUPTCY
The corporate U.S. then, is the head corporate member, who met at Geneva to decide for all its corporate body members. The corporate representatives of the corporate several states were in attendance. If the states had their own power to declare bankruptcy regardless of whether Washington D.C. declared bankruptcy or not, then the several states would have been represented at Geneva. The several states of America were not represented. Consequently, whatever Washington D.C. agreed to at Geneva was passed on automatically, via compact to the several corporate states as a group, association, corporation or as a club member; they all agreed and declared bankruptcy as one government corporate group in 1930. The several states only needed a representative at Geneva by way of the U.S. in Washington D.C. The delegates of the corporate United States attended the meetings and spoke for the several corporate states as well as for the Federal Corporate Government. And, presto, BANKRUPTCY was declared for all!
From 1930 to 1938 the states could not enact any law or decide any case that would go against the Federal Government. The case had to come down from the Federal level so that the states could then rely on the Federal decision and use this decision within the states as justification for the bankruptcy process within the states.
"So did we default on our debts?"
very asute...I'm impressed. That day is being planned as we speak.