Back to the member banks
The Federal Reserve is owned in part by the Federal Government, and by the member banks, which are the District Federal Reserve Banks, I think they are Houston, NY, LA, Atlanta, and Chicago. Not sure...
there are 12 regional federal reserve banks
those banks are used to distribute money from the treasury(the fed dictates to the treasury how much money to print.the cost of the ink paper printing ect was about 3 cents per 100 bill.
that money is distributed to the regional banks.then loaned to other banks then loaned to the public.
all the money is issued into the economy as debt.there is never enough money in the economy to lay off the accumulated debt.
so more people must go further into debt to fuel the economy.hence a downward spiral untill the economy is broke off of this ponzi scheme.the government and federal reserve own everyones assets and property through debt.
everyone is beholding to them who has a loan with them or debt.
if you purchased a 150K dollars home and you owe a mortgage on that home .
the person you owe to actualy owns your property and assets .
what did it cost them to trade you paper money for the value of your 150K dollars home?
they purchased your home FOR REALS.
for 4.50 cents worth of in god we trust federal reserve notes.
pretty good scheme hu?
people wonder why they constitution says .THE GOVERNMENT SHALL USE ONLY GOLD AND SILVER TO BACK THE CURRENCY WITH.
this ponzi scheme shit is not new.the founders had seen it before.
seems someone changed the constitution so they could run these schemes on the american public.