Facts Question: Is the Fed indirectly funded by taxpayers? Answer: The Fed is not directly funded by taxpayer dollars in the same way other government agencies are. Instead, the Fed generates its own income through several sources: After covering its operating expenses, the Fed remits its excess earnings to the … Continue reading
Category Archives: Central Bank
Bank of International Settlements (BIS)
Origin On January 20, 1930, at a Hague Convention, the governments of Germany, Belgium, France, the United Kingdom, Italy, Japan, and Switzerland created the BIS. The latter agreed to grant the Bank legal charter under Swiss law. Currently it is based in Basel, Switzerland and has representative offices in Hong … Continue reading
Opposition to a Central Bank
Opposition in the United States to a central bank empowered to issue currency is not new. Twice before in the nation’s comparatively short history it was created and abolished. Presidents and thinkers, including Thomas Jefferson, James Madison, Andrew Jackson, Abraham Lincoln, Otto von Bismarck, James Garfield, William McKinley, Theodore Roosevelt, … Continue reading
Thomas Edison & the Central Bank
“If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference between the bond and the bill is the bond lets money brokers collect twice the amount of the bond and an additional … Continue reading
John Kennedy & Secret Societies
“The very word ‘secrecy’ is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers … Continue reading
Dwight Eisenhower & The Military-Industrial Complex
…we yet realize that America’s leadership and prestige depend, not merely upon our unmatched material progress, riches and military strength, but on how we use our power in the interests of world peace and human betterment. Throughout America’s adventure in free government, our basic purposes have been to keep the … Continue reading
Woodrow Wilson & the Deep State
“We have come to be one of the worst ruled, one of the most completely controlled governments in the civilized world –no longer a government by… a vote of the majority, but a government of the opinion and duress of a small group of dominant men. Some of the biggest … Continue reading
John Hylan, Mayor of New York 1918-1925
“The warning of Theodore Roosevelt has much timeliness today, for the real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation… It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, … Continue reading
Theodore Roosevelt & Bankers
“These international bankers and Rockefeller-Standard oil interests control the majority of newspapers and the columns of these papers to club into submission or drive out of public office officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government.”