The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act in response to a series of financial panics (particularly the panic of 1907) that showed the need for central control of the monetary system if crises are to be avoided. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s led to the expansion of the roles and responsibilities of the Federal Reserve System. The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates.
The Federal Reserve System's structure is composed of the presidentially appointed Board of Governors or Federal Reserve Board (FRB), partially presidentially appointed Federal Open Market Committee (FOMC), twelve regional Federal Reserve Banks located in major cities throughout the nation, numerous privately owned U.S. member banks, and various advisory councils.The federal government sets the salaries of the board's seven governors. Nationally chartered commercial banks are required to hold stock in the Federal Reserve Bank of their region, which entitles them to elect some of their board members. The FOMC sets monetary policy and consists of all seven members of the Board of Governors and the twelve regional bank presidents, though only five bank presidents vote at any given time: the president of the New York Fed and four others who rotate through one-year terms. Thus, the Federal Reserve System has both private and public components to serve the interests of the public and private banks. The structure is considered unique among central banks. It is also unusual in that the United States Department of the Treasury, an entity outside of the central bank, prints the currency used.The Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."
The U.S. Government receives all the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained. In 2015, the Federal Reserve made a profit of $100.2 billion and transferred $97.7 billion to the U.S. Treasury.
Debt Based World Economy
Most people can feel that something is not right with the world economy and monetary system. It is clear that very few people receive massive profits and unimaginable wealth, while the majority of people endure increasing financial struggles and poverty. Every society on earth has created some form of currency for value exchange, but it is the everyday working people that make that currency actually have value. Through our time, energy, ideas and talent the expenditure of our energy is what converts into some form of value exchange that is represented by currency. However, what we work for is valued to pay off mounting ceilings of massive debt that were placed there by the Power Elite bankers to keep the average working person and their children, indentured servants. The American base currency system is established on increasing deficit spending or growing massive debt, which at some point will reach its tipping point and collapse the current economic system. The strain of the economic collapse that is based on the fraudulent money system is not something to fear, as we realize it will be necessary for the shift in consciousness to occur. This time in 2017, can be an opportunity for trustworthy people to rise to leadership to help lay the groundwork to co-create a global humanitarian based economic system that truly supports and invests in its citizens. We need more leaders that are not motivated by large amounts of cabal money or Materialism, but sincerely understand that the creation of personal wealth starts with development of the inner sustaining self. We must invest in people first. From this important foundation a new global currency or monetary fund will need to be circulated, that is not in the hands of those that have been responsible for the legalized theft over the last hundred years.
The Power Elite own the world’s largest banks and are also the shareholders that own the Federal Reserve, which funnels wealth from the working population to the government and then back to the banking sector at a large profit. The Federal Reserve is not a federal agency or related to the central government as it has corporate stockholders that receive dividends. The Federal Reserve is a private corporation with owners. This is a fraudulent system that causes great disparity between the rich and the working class, it is a form of currency enslavement used to steal the prosperity away from the people. The Debt Based Currency system empowers and benefits those who created legalized theft in the guise of an economic system. A system designed to transfer all of the purchasing power to the banks and the government, while leaving the working people with the burdens of debt. The purpose is to confiscate the accumulative wealth of the people and communities, and funnel it back to those in centralizing power, during cycles of controlled economic depression. This is when the bankers take their cut of the cash supply and take ownership control over many different companies and assets that are forced into short sale. It is the local communities that suffer when resources are sucked out of neighborhoods and back into the centralized power system of a few massive corporate conglomerates.
We are the greatest threat to the survival of this corrupt monetary system and an informed and aware public is what can dismantle this fraudulent system, when we know how it works. This system relies on the fact that most people do not understand how our monetary system works. However, we also must understand the people behind this fraudulent system are using Black Magic principles to keep the currency circulating in power. The black magic system driving the currency is backed up by the NAA who want to keep the human race bound as indentured servants and slaves by any means necessary.