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Rumor Mill News Reading Room, Current Archive

Reader A: " Who creates cash and destroys cash?"

Posted By: Lion
Date: Sunday, 3-Jan-2016 17:17:45
www.rumormill.news/36524

In Response To: Society of the Absurd (Lion)

---------------------

Currency distribution in the United States

Who creates cash and destroys cash?

Who controls the cash distribution network in the United States?

Who can revoke bank charters and control distribution, terms, and fees all the way to the ATM?

The answer is Janet Yellen, Federal Reserve chairperson.

Examples:

1. As Janet Yellen controls the bond purchases from the Treasury, she can dictate Congressional budgets (how it is spent/distributed).

2. As Janet Yellen controls the debt structure and rollovers, she can revoke charters of Wall Street firms, and dictate fee and debt structure.

3. If a ccounterfeited digital cash is found in a billionaire's bank account, it can be confiscated and destroyed.

That effectively makes her the "boss" of all Americans.

--------------------

Thanks, A

The Fiat, Fractional Reserve banking system has a perceived value, only because entities such as Yellen, et al say it has value.

"Fiat" - "because I say so".

'Colored paper' or today's zeros entered on a keyboard have a face value of just that - ZERO.

A fiat currency is easy to manipulate, because it has no baseline value, and is a license to steal, especially if the banking system parasites add usury fees (interest) onto the 'nothing to begin with'.

It is impossible for anyone to repay what never existed, but that is the mandated bargain between consumers and the fiat banking industry.

Of course the entire fiat currency/banking system is a pyramid of fraud and deception, and so goes the the entire corporate system built upon the Fed's fiat, fractional reserve system.

Lion

--------------------

: America - you poor bastard child.

: What in the hell happened to you?

: There's a girl living in your White House, and you don't even
: know her name?

: What was once the Home of the Brave and Land of the Free is
: now home of the slave and land of the fee?

: The most depraved fascist parasite cabal in your short history
: is attacking you from all sides, and you are ready to
: endorse them as 'leaders' again?

-----------------




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Articles In This Thread

Society of the Absurd
Lion -- Sunday, 3-Jan-2016 14:46:03
Reader A: " Who creates cash and destroys cash?"
Lion -- Sunday, 3-Jan-2016 17:17:45

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AN EXPLANATION OF THE FACTIONS