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Is the federal reserve a fraud?

Updated: 8/23/2023
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13y ago

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an act to set up Federal Reserve Banks in 1913. signed by Woodrow Wilson. Who years later said, "I am a most unhappy man, I have unwittingly ruined my country. A great industrial nation is now controlled by it's system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." - Woodrow Wilson

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14y ago
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14y ago

Yes it is. See, when Woodrow Wilson was running for presidency, the international bankers at the time such as the Rothchilds, Warburgs and Rockefellers wrote the Federal Reserve Act on a estate in Jekyll Island owned my J.P. Morgan and was given to the Senator Nelson Aldrich(who soon married into the Rockefellers) to push through congress and all they needed was the presidents okay on it. Fortunately for them Wilson wanted to become president if he agreed to sign it because he would have their full support and unlimited funds, he knew he would win the presidency. However, Federal Reserve Notes are completely unconstitutional, illegal and fraudulent. In Article 1, Section 10 of The United States Constitution, it clearly states that, "No state shall make anything but gold and silver coin a tender in payments of debts." And in Article 1, Section 8 it states, "Congress shall have power to coin money" Notice it says "coin" not "print" The reasoning behind this law is because when money is printed from paper and has no gold or silver, more of it can be printed to create inflation which causes loss of jobs which causes foreclosures which gives money to the banks which gives money to the Federal Reserve. Oh, and to top things off, the Federal Reserve is about as Federal as FedEx. It, in no way, is apart of the US Government. It is it's own company with it's own rules and laws and the IRS is it's own personal army to collect the money and audit people who go against them. IRS isn't even apart of the US Government. They work for the FED. When all was said and done, Woodrow Wilson, the man who signed it for his own personal gain said this, "I am a most unhappy man, I have unwittingly ruined my country. A great industrial nation is now controlled by it's system of credit. We are no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." - Woodrow Wilson

To learn more about this watch the documentary Zeitgeist or just type in Federal Reserve Fraud in Google and do the research. There is WAY more things that are illegal and fraudulent about the Federal Reserve.

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13y ago

No. Federal Reserve is not a fraud. It is the central bank of the United States of America. It oversees and supervises the banking operations of all the banks that operate within the United States. Also they are the banker to all banks within USA i.e., the bank that the banks in USA go to, to borrow money if they are short of cash.

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Q: Is the federal reserve a fraud?
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