“The Federal Reserve consists of 12 regional banks, the stock of which is owned and the Boards controlled by the member banks, which are privately owned bank corporations. These institutions receive 6% profit on their funds paid into the Fed, rain or shine, peace or war (sometimes more).

The Federal Reserve Board of Governors is an independent (its own word) entity “within” the government (i.e., something much like an independent, internal parasite in a host organism), with 14 year, reform-proof terms (i.e., only one of 7 can be replaced every two years).

The Fed was deliberately designed to appear as a sort of government body to hide the fact that it is a private banking cartel whose member banks share in the vast profits of seigniorage (i.e., the difference between the cost of printing/minting or otherwise creating money [a few cents per $100], and its face value).

Yes, the Department of the Treasury does still mint our coins (at the US mint) but that represents under 1% of the US money supply, the great bulk of which is simply bankbook entries – electronic keyboard impulses in computer memories – created by banks on-the-spot to fund loans they make in response to loans applications their “customers” submit (hence the competition by banks for your loan applications and credit card borrowing).

The Federal Reserve Notes we all accept as currency (there are no U.S. Notes printed since passage of the ill-advised, 1994 Reigle Act abolished Lincoln's greenbacks) are actually sold to the Fed at the cost of printing – a few cents per sheet – by the Treasury Department Bureau of Engraving and Printing.
Seigniorage is properly a benefit solely to government (and indirectly then to the people) – not to private bankers – that the Federal Reserve Act, passed by misrepresentation and deception, transferred to the bankers. Thus, rather than the government receiving the vast benefits of creating all of our money, private banks create over 98% of our money supply – literally billions of dollars annually – and pocket the interest charged on loaning that new money, as their private profit. Our government is left with only the insignificant seigniorage from minting coins.
Since the bankers actually wanted to control the new, national central bank (called the Federal Reserve Banks), to accomplish this they had to make it appear governmental, which accounts for the occasional use of the term quasi-govenmental, to describe this governmental facade. This also explains the construction of the Federal Reserve headquarters building on the Mall in Washington, DC, right in the midst of the authentically governmental buildings there.
The real problem is, thus, not the Fed itself (it only makes about 2% of the money supply – the base for the rest), it’s the private banks that, pursuant to the fractional reserve banking authorized by the Federal Reserve Act of 1913, make/create-from-nothing-for-their-private-profit the other roughly 98% of the US money supply. The Fed is just a quasi-governmental smokescreen (and central organizing body) for the private banking cartel's money-creation operation.”

http://www.themoneymasters.com/faqs.htm#q4

For those who don't know:

The Russell Trust Association (RTA) is the corporate name for the New Haven, Connecticut based Skull and Bones society (a “secret” society), which was incorporated in 1856.

It is interesting to note that In 1943, by special act of the Connecticut state legislature, the RTA's trustees were granted an exemption from filing corporate reports with the Secretary of State, which is a requirement for all other corporations.

Ever wonder how many Skull & Bones boys have powerful and influential positions within our govt? I think people would be alarmed, but the revelation of the truth will lead us to freedom.

I highly recommend people read “America's Secret Establishment: An Introduction to the Order of Skull & Bones, by Antony S. Sutton.

http://sandiego.indymedia.org/media/2006/10/119...
About the author: Antony Sutton was a research Fellow at the Hoover Institution, Stanford University, from 1968 to 1973. He is a former economics professor at California State University Los Angeles. He was born in London in 1925 and educated at the universities of London, Gottingen and California with a D.Sc. degree from University of Southampton, England.
“These volumes will explain why the West built the Soviets and Hitler; why we go to war, to lose; why Wall Street loves Marxists and Nazis; why the kids can't read; why the Churches have become propaganda founts; why historical facts are suppressed, why politicians lie and a hundred other whys…If I have a magnum opus, this is it.” Antony C. Sutton, Phoenix, Arizona 1983

The FED building is sitting on land owned by RTA (resolution trust authority) Land held under Allodial Title.

Man Oh Man, what a can of rotten meat is about to be openned. Very few here know what I refer to.

Every state should form it's own bank (they can) whose job is to forward job growth and actually help the local economies. Nebraska has its own state banking system, Nebraska has the lowest unemployment rate and the citizens and businesses in that state can still get loans to operate and consume.