THE FEDERAL RESERVE SYSTEM
Since 1913, the currency of the United States has been owned and managed by a private corporation of international bankers known as the “Federal Reserve System.”
This group prints “Federal Reserve Notes” and loans them out to the United States Treasury. American taxpayers then pay interest to the Federal Reserve banking families for the rights to use their money.
The Federal Reserve banking families can therefore print as much money as they want — and give it to whomever they want, secretly, with no oversight or input from the United States government.
In this clip, former Federal Reserve chairman Alan Greenspan admits that the Federal Reserve is an independent agency whose decisions cannot be overruled by any element of the legitimate United States government.
“REPORTER: What is the proper relationship… what should be the proper relationship between a chairman of the Fed and a president of the United States?
GREENSPAN: Well, first of all, the Federal Reserve is an independent agency. And that means basically that, uh, there is no other agency of government which can overrule actions that we take.
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