The use of a uniform national banking Note for conducting business is a significant benefit to business.  It is argued that the service the Federal Reserve Bank provides is to stabilize the U.S. economy, however is this really the case?  Evidence proves the Federal Reserve Bank utilizes interest rate control to manipulate the economy through constant boom-bust cycles.  More sinister evidence also shows a consistent pattern through history by the Rothschild's who have repeatedly utilized market manipulation, scams and wars to shift ownership of the world into their hands.  Today it is estimated that the Rothschild's family owns around one third of the world.  The simple fact that foreigners own the U.S. $ is quite astonishing.  The Rothschild's Federal Reserve Bank makes money out of nothing, backs the money with nothing and effectively has had a blank check book to buy the world.

According to the highest law of the land, the U.S. Constitution, only silver and gold may be used as legal tender:

Art 1, Sec 10: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Since 1913 However, A Private Bank Controls U.S. Currency
In exchange for financial support for his presidential campaign, Woodrow Wilson's agreed that if elected, he would sign the Federal Reserve Act. In December 1913, while many members of Congress were home for Christmas, the Federal Reserve Act was rammed through Congress and signed by President Wilson. Regarding his actions Wilson later admitted. "I have unwittingly ruined my country".  The Federal Reserve Act handed the people's money to private bankers who then lent it back to the people, plus interest.  Hennery Ford suggested that if the average American knew what was going on in banking there would be revolution by the morning.  With nearly one hundred years in control of our currency we can take a historical look at the real impact of putting our nations currency in the control of private individuals.

Private Collection Company to Collect Tax
At the same time the U.S. Dollar was hijacked, the government for hire implemented their IRS to suck taxes from the people.  However, 16th Amendment which authorized the IRS and uneven taxation was only properly ratified by two states.  Secretary of State Knox, whom they named Fort Knox after, simply announced that the 16th was ratified when it was not. see Defects in Ratification of the 16th.

Beneficiaries of World War One
What is particularly interesting regarding the timing of events in the 1913 era is that the year following the establishment of the private Federal Reserve Bank, World War One broke out.  One cannot help observe that that with the U.S. manufacturing armaments for both sides, the owners of the Federal Reserve Banks were one of the primary beneficiaries of WW 1.

Financial Instability Used To Control Market and Nation
The purported purpose of the Federal Reserve Bank is to bring stability to the U.S. economy.  However, what does the track record show?

The Great Depression Triggered By The Federal Reserve Bank
In a 2002 conference honoring one of the worlds leading economists, Milton Friedman, it was also his 90th birthday, current Federal Reserve Bank Chairman, Ben Bernanke said to Mr. Friedman: "Regarding the Great Depression. You're right, we did it. We're very sorry." Mr. Friedman is an outspoken highly respected critic who  flat out blames the Federal Reserve Bank for the Great Depression.  see also FDR Made Depression Worse and Events Surrounding the Great Depression.

Who benefited from the Great Depression?  With stocks and land going for fire sale prices the owners of the Federal Reserve Bank and their associates were certainly able to snap up corporations and land.  (We have not come across any studies of this key era in regard to the acquisition of assets in the U.S. during the Great Depression, such a study could provide significant evidence suggesting collusion, such as the evidence showing enormous put options on American and United Airlines by a company connected to the #2 man at the CIA just before 9/11.  Understandingly the government did nothing about that either).

With the public and economy in disarray from the Great Depression, getting their next man in as President was easy, the Fed's even managed to keep him there for three terms.   In 1933 President Franklin Roosevelt committed treason when he closed American banks and forced citizens to turn in their gold to the Fed private bank.  The gold is supposedly held at Fort Knox, however, there has been no audit since 1974.  A President has no authority to order the people to give their gold to a private bank, however this is exactly what Roosevelt did!  The bank issued citizens in return for their legal tender of silver and gold, paper notes which they charge us interest for using.

Crash The Marked & Implement Socialist Fascist U.S.A.: SEC, FCC & Social Security
What is particularly interesting in studying the Great Depression era is what FDR pulled off: The SEC, FCC, Social Security and the IRS. One can certainly argue that fraud and racketeering laws were already in force and that the purpose of the SEC appears more to be a control on potential competing notes to the privately held Federal Reserve Bank's notes.  Stock Certificates are in essence bank notes no different to the Fed's bank notes except for the fact that most stock represents some real asset. 

The purpose of the FCC, brings a chill to the spine, particularly when understanding Hitler's teaching that "In journalistic circles it is a pleasing custom to speak of the Press as a ‘Great Power’ within the State. As a matter of fact its importance is immense. One cannot easily overestimate it, for the Press continues the work of education even in adult life. … With ruthless determination the State must keep control of this instrument of popular education and place it at the service of the State and the Nation." Adolf Hitler, MEIN KAMPF.  With only five major corporations now controlling all the major media outlets in the U.S. and most of the world, the FCC clearly is now employed to censor and control what the public hears.  The FCC traffics in the peoples frequency and upholds monopolies, both clearly illegal.  One only has to watch news broadcasts from the major media to quickly realize the absurdly censored agenda. (see Media & Links, Worldwide Press Freedom Index, Media Impact, Top 25 Censored Stories of 2007, The top censored news stories). 

Social Security is pure socialism, something which is meant to be repulsive to the U.S. republic and something that is likely to collapse when the baby-boomers retire.  In the U.S. socialism belongs to the family and the church, not the government.

The U.S. Bankers Who Funded Hitler & Stalin
When one learns that the owners of the Federal Reserve Bank and their associates were directly responsible for funding Hitler and Stalin, "beneficiaries" of the Great Depression and World War II takes on new meaning. Clearly one can postulate that the Federal Reserve Bank triggered the Great Depression to implements Socialist Fascism - that after all is what these individuals did in Germany & Russia.  Whether the Feds carefully conspired to trigger the "Social Fascist New Deal", or not, only those directly involved really know, however, this is what factually occurred.

The U.S.A. made a major step into a Socialist Fascist State under FDR and now even further under GWB (Fascism being represented by the pure treason of Executive Orders where the Presidents assume dictatorial and unauthorized Legislative power - see Executive Order Treason, Socialism being represented by a government that collects six or more months of peoples earning in tax see U.S. Tax Rate, Considering Tax, Communisim or Capitalism, Socialist Fascism.

As the 16th Amendment was only properly ratified by two States and furthermore the Supreme Court also clearly stated that the 16th never inferred any new taxing authority, some suggest that the use of the privately held Federal Reserve Bank Note is the reason the governments uses to justify taxing citizens.  Recognize that this is a Nation that was built on rebellion against paying taxes.  The Boston Tea Party was a rebellion about 2% taxes being raised to 5%.  The "Civil" War was a rebellion over the 52% Morrill tax.  Do the math, the average U.S. taxpayer pays around 60% of what they earn in some form of tax (see U.S. Tax Rate).   In reality, is the IRS any different from the Mob?  They certainly use the same Mob tactics.

The Net Net
Other than being able to create money out of thin air, the greatest power bestowed on the new Federal Reserve System was establishment of the discount rate or Prime Rate.  This is the rate of interest charged by these twelve private Banks when lending to member banking institutions. The ability to raise the discount rate has the tendency to slow down the economy (while making the bankers enormous profits).  Dropping interest rates would tend to stimulate economic activity.

Put another way: if the Fed's increase the interest rate, companies that need capital, like startup companies, are killed while fat old companies who do not need to borrow money to grow, are generally not affected.

The chart below shows the interest rate the Federal Reserve Bank bank charged other banks for using their U.S. Dollar note:

In 1947 the bank charged an interest rate of 1.75%, within ten years the interest was at 4% and an astonishing 20% in 1980.  There is categorically no argument supporting any evidence that the Federal Reserve Bank acted or acts as a stabilizing force in the U.S. Economy.  To the contrary, the facts prove that the Federal Reserve Bank, which issues illegal tender, causes extreme and outrageous instability in the U.S. and worldwide economy.

Federal Reserve Bank Instability:  Interest = Depressions - Money Supply

If we overlay the interest rate the Federal Reserve Bank charged over recessions and the amount of money the Federal Reserve Bank added to their coffers,  history proves the Bankers Incited the Recessions.  By instituting a constant boom-bust cycle, the owners of the Federal Reserve Bank have been able to buy up the world at rock-bottom prices with the money they create out of nothing:

On March 23, 2006, the Board of Governors of the Federal Reserve System announced that they will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. http://www.federalreserve.gov/releases/h6/discm3.htm

Source Data: Interest & M3 Money Supply- Federal Reserve Bank
- http://www.federalreserve.gov/releases/h6/HIST/h6hista.htm
Depressions- National Bureau of Economic Research
- http://www.nber.org/cycles.html

We encourage finance students to map political and business events to each of these massive rate hikes (Prime Rate Data Spreadsheet). It appears that there may be a correlation between some rate hikes serving the interests of big business and bankers.  For example recent rate hikes that occurred in the authors business watch appear to be related to the Semiconductor and Internet booms and possibly now also in an effort to bolster the Euro Currency over the U.S. Dollar. The Semiconductor Hike in 1989 occurred as Silicon Valley startups developing new microprocessor technology started to threaten large incumbent companies.  Another significant world event in this era is the falling of the Berlin Wall and the collapse of Communism in U.S.S.R.  Naturally, uncovering a direct conspiracy between the Federal Reserve Bank and major corporations / bankers would be difficult, however, the next rate hikes were more interesting particularly in regard to the Bank's Chairman's actions and statements.

The Internet or Dot Com Hikes in 1994 and 1999 occurred as Internet startups threatened large incumbent industries - even Wal-Mart and AT&T were nervous.  What is particularly interesting regarding the Dot Com Hike is that the Chairman of the Federal Reserve Bank, Greenspan, stepped out of the Bank's domain and into the Security Exchange Commission domain.  You may recall Greenspan's illustrious referral to "irrational exuberance" when he did all he could to shout down the flow of investors money into new Internet startups.  Now after the fact, the only irrational exuberance was that of Greenspan.  The Internet startups and investors were right on the mark, Internet is the most significant business revolution ever: Within five or so years almost every business person had an email address; Internet has become the primary business and personal communications medium.

The Internet bubble in 1994 was only the froth on the surface of what is an enormous market.  The only 'bubble bursting' was that of Greenspan and the chorines in large bureaucratic companies and government that felt threatened.

Immediately following the secret governments effort to crush the Internet boom between 1994 and 1999, they literally turned around after crashing the market and offered tax cuts to large businesses to help them get over the hiccup - could there be any more violent assault against startup companies? 

We all know what followed after the Fed's crashed the boom: 9/11 where an organization who's chief financial planer in the U.S. was our President's room mate in the military, attacked the Twin Towers.  Or did the Twin Towers which were built to withstand a Boeing 747 flying into them collapse under other means, such as explosives?  The amount of evidence proving the government planned and carried out the 9/11 False Flag is irrefutable and extensive.

A study needs to be conducted on the more recent rate hikes and possible association between bankers transferring funds from the U.S. Dollar into the Euro currency.  The Federal Reserve Bank can artificially devalue the U.S. Dollar while their owners transfer significant capital into the Euro Bank.

Conspiracy? -Former Federal Reserve Bank Chairman Allan Greenspan in discussion with Vice President Dick Cheney aboard the Presidential Yacht FDR built for himself during the depression. In 1999 Greenspan stepped out of the Federal Reserve Bank domain into the SEC domain to crush to growth in the new technology sector.  He vehemently accused investors who chose to move capital from old industry to new technology companies as being irrationally exuberant.  Time has now shown that Greenspan's exuberance was completely irrational, Internet has turned out to be the worlds most important and significant business innovation.  Those bubbles in 1999 were only the froth on the surface of an enormous market.  Investors who bought into technology have profited significantly.  However now these individuals who run our government are rushing us headlong into the next war.  Is the invasion of Afghanistan and Iraq any different to Hitler's invasion of Poland after Hitler burned his parliamentary buildings? History provides a clear and concise record proving ongoing conspiracy

Irrational Exuberance Defined? Time has shown that the Internet is perhaps the Worlds greatest revolution, the only irrational exuberance was that of Greenspan.  Or was it outright conspiracy to protect old money? Next Stop, WW III "The War On Terror"

Pages of Interest-
The Federal Reserve:
Its Origins, History & Current Strategy

The Federal Reserve Bank (Inc.)
A Murderous History, Banksters,
the Worlds Worst Gangsters

Federal Reserve Bank -
Bringing Instability To U.S. Markets