Article 1, section 8 of the Constitution states, that Congress shall have the power to coin (create) money and regulate the value thereof Today, however, the FED, which is a privately held company, controls and profits by printing money through the Treasury, and regulating its value
The FED began with approximately 300 people or banks that bacame owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System They make up an international banking cartel of wealth beyond comparison (Reference 1. 14) The FED banking system collects billions of dollars (Reference 8. 17) in interest annually and distributes the profits to its shareholders The Congress illegaly gave the FED the right to print money (through the Treasury) at no interest to the FED The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency The FED also buys the Government debt with money printed on a printing press and charges U.S. taxpayers interest Many Congressmen and Presidents say this is fraud (Reference 1.2.3.5.17)
Who actually owns the Federal Reserve Central Banks?
The ownership of the 12 Central Banks, a very well kept secret, has been revealed:
Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York
These bankers are connected to London Banking Houses which ultimately control the FED When England lost the Revolutionary War with America(our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22)
The individuals listed below owned banks which in turn owned shares in the FED The banks listed below have significant control over the New York FED District, which controls the other 11 FED districts These banks also are partly foreign owned and control the New York FED District Bank
First National Bank of New York
James Stillman National City Bank, New York
Mary W. Harnman
National Bank of Commerce, New York
A.D. Jiullard
Hanover National Bank, New York
Jacob Schiff
Chase National Bank, New York
Thomas F. Ryan
Paul Warburg
William Rockefeller
Levi P. Morton
M.T. Pyne
George F. Baker
Percy Pyne
Mrs. G.F. St. George
J.F. Sterling
Katherine St. George
H.P. Davidson
J.P. Morgan (Equitable Life/Mutual Life)
Edith Brevour T. Baker