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BANKERS PUT PUBLIC WELFARE LAST

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The recent interest-rate hikes by the Federal Reserve Board once again illustrate how powerless our government and Congress are to control the private bankers, i.e., the FRB, whose slaves we are and who control every facet of our economic lives. These interest rate increases adversely affect all types of loans.

Greenspan's assertion that the FRB must "control inflation" is strictly a smokescreen. The only thing the FRB wants is more control of our money into these bankers' vaults. The public's welfare is the farthest thing from these ultra-wealthy bankers' minds.People must understand that there is absolutely nothing "federal" about the Federal Reserve Board. This deceptive title is just a fancy misnomer used to deceive the public into believing that the FRB is a government entity. Nothing could be farther from the truth. In reality, the FRB is composed of 12 private regional banks owned and operated by super rich bankers, totally unaffiliated with the U.S. government. They operate strictly for profit.

I strongly propose that our representatives introduce a bill to expose the FRB as the private monetary entity it really is and force it to change its title to something like "International Bankers Inc."; take away the FRB's power to create money out of nothing and lending it to the government at exorbitant interest rates; and transfer this money creating power back to the Congress, where the U.S. Constitution, Article 1, Section 8, expressly states it belongs, and leave it there.

Gil Montano

Layton