The Federal Reserve Why all the secre...

The Federal Reserve Why all the secrecy?

Posted in the Carlsbad Forum

Carlsbad Resident

Hobbs, NM

#1 May 9, 2013
The Federal Reserve (the FED) was chartered by the US Congress in 1913 to " issue currency on the behalf of the US Treasury " via the Federal Reserve Act.

(( The Federal Reserve is a Private Corporation )). It is not Federal, nor does it have any Reserves.

The Federal Reserve creates money out of nothing, then collects interest on the debt.

It was conceived by several of the world’s wealthiest bankers in 9 days of secretive meetings at a Jekyll Island retreat in November of 1910.

Why all the secrecy?
Carlsbad Resident

Lovington, NM

#2 May 16, 2013
Yep just as I thought the Federal Reserve has printed way too much US currency, its value is only worth 62 cents big inflation on the way.

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