What you think you know may not be so! Amaze your friends with these fun facts.

Random Did You Know Facts

Share/Bookmark
Share/Bookmark

Feb 16, 2010

Simple Backout Clause.


Did You Know....
No Congress, no President has been strong enough to stand up to the foreign-controlled Federal Reserve Bank. Yet there is a catch - one that President Kennedy recognized before he was slain - the original deal in 1913 creating the Federal Reserve Bank had a simple backout clause. The investors loaned the United States Government $1 billion. And the backout clause allows the United States to buy out the system for that $1 billion. If the Federal Reserve Bank were demolished and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight; the need for more taxes and even the income tax, itself would come to an end. Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

2 comments:

Hugh Betcha said...

Are we there yet? Almost! Hugh Knows

horoscopo de hoy said...

This blog helps to low people. You can use their services in your work. You can read about all details of their service.