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RE: The Federal Reserve and Mainstream Media's Moronic Statements On The Whole Foods Buyout

in #wholefoods7 years ago

Great article and video! I actually did some research myself on the Federal Reserve back in college. One thing that I did learn was that the FED runs a ponzi scheme right under our noses and here's how.

There is a distinct difference between Income Tax and Federal Income Tax. Income Tax is paid by corporations and businesses small and large on the profit that is made. These taxes pay for the entire Federal Budget. Federal Income Tax is what the employee pays out of his/her paycheck and is paid to the Federal Reserve. This is the big deception! The American Employee is actually paying a fee to the Federal Reserve for using the currency issued by them instead of receiving currency issued by our Treasury, which would not cost a penny!

The FED is using the deposits from the American Employee to fund its operations and to use that money to loan it to the US Treasury, which is being paid back with interest. This is what we all call the National Debt.

So printing of money is not the only way the FED is able to fund itself. This is outright theft, but was made legal when our US Treasury gave its authority to the Private Federal Reserve to print and control our currency and interest rates.