“As we have advised, the Federal Reserve is currently paying the Bureau approximately $23 for each 1,000 notes printed. This does include the cost of printing, paper, ink, labor, etc. Therefore, 10,000 notes of any
denomination, including the $100 note, would cost the federal Reserve $230.
In addition, the Federal Reserve must secure a pledge of collateral equal to the face value of the notes.” (William H. Ferkler, Manager Public Affairs,
Dept. of Treasury, Bureau of Engraving & Printing, Washington, D.C.)
Now, what is the national debt? Think. The Federal Reserve Bank buys a note, whether a $1, a $5, a $10, a $20, or a $100 bill, for 2.3 cents. Then, it develops full face value. The US Government put up the earnings of the American people as collateral. Get it. They buy a million dollars worth of notes for $230 (10,000 $100 bills - Federal Reserves Notes or FRNs)and, so, the US Government owes the bank $999,730 which is collected illegally and unconstitutionally from the people of this nation.
But, because it cannot legally apply a direct tax to take care of the debt, it steals money through the internal revenue scam, a con job designed by the government.
Every dollar you believe is income tax (it is not - it is an illegal employment tax until you illegally file a 1040 converting the 'compliance' debt payment to a ‘tax credit’ in your name ) goes to a private corporation, the Federal Reserve Bank, to cover the debt illegally created on the American people. Actually, at this stage in the game, it covers the interest on the 5 or 6 trillion 'owed'.
It does not go to the US Treasury as directed by law. If you have written a check to the IRS, you will see it was NOT endorsed by the Treasury Department but by the Federal Reserve Bank, again a private corporation.
Thus, you and other Americans lacking in knowledge allow the US Government to fool you into assuming the National Debt. Our people are so stupid they think the US Government has to borrow from foreign sources when the truth is it is just one gigantic scam conducted unconstitutionally by Congress through the endless "borrowing" of the worthless ‘notes’ printed illegally by the government and then issued by the foreign bank.
IT IS A SCAM, PEOPLE, A GREAT BIG, HUGE, GIGANTIC SCAM. The American people pay off a debt that shouldn't even exist except that the (using the term loosely) people put in Washington profit greatly from this fraudulent creation of debt and money.
And, that makes the US Government/Federal Reserve Bank conspiracy the biggest, most offensive crime ring that has ever existed.
God, what a crooked bunch of _________ (Just fill the blank in which whatever word you wish. And, remember, there isn't any foul language too foul for this bunch).
For more on this, click on this link: The Federal Reserve Bank (National Debt) Bank