The Federal Reserve EXPOSED - Forgotten History

When people hear the term “The Fed’ in the news, many are not aware of what it is exactly, how it works, why it exists, or when it was created. Let's go over the misconceptions. Written and hosted by Colin D. Heaton. Forgotten History is a 10th Legion Pictures Production.
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About us: Host/Military Historian/Film Consultant/US Army and USMC Veteran - Colin Heaton
Screenwriter/Director/Producer/US Marine Corps Veteran - Michael Droberg
Editor - Alexander Keane
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-COPYRIGHT DISCLAIMER UNDER SECTION 107 OF THE COPYRIGHT ACT 1976
- Copyright Disclaimer Under Section 107 of the Copyright Act 1976,
allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. #forgottenhistorychannel

[solanaceae]

“It is no coincidence that the century of total war coincided with the century of central banking.”
― Ron Paul, End the Fed

[christiancolossus]

1913 - The beginning of the end of our Republic.

[rileychadwell]

1913: we'll create a better financial system.

1929: crash

[Waitingforthewormstocome]

Im so disgusted with these people not ever being held accountable for anything! Especially for collecting millions of dollars while people lose everything.

[robertcompton]

The dollar has lost 96% of it's purchasing power since America was conquered on Jekyll Island.

[CRD-hivk]

“It’s a big club, and you ain’t in it! You and I are not in the big club.”
—George Carlin

[JeffreyHornick-epsi]

Nobody is permitted to engage in counterfeiting except the FED.

[bluewater]

👍🫡

The sole purpose of the US constitution was to check the power of government. The very existence of the FR is an affront to that mission.

[jamesbrinkman]

Jefferson argued against fiat currency, that Hamilton wanted. He claimed future generations would be taxed out of their inheritance

[kungfugirevik]

I'm convinced putting Andrew Jackson onto a Federal Reserve Note was done out of spite.

[natecampbell]

If we had a truly separate & honest judicial system, a whole slew of people would have been sent to prison, as they SHOULD have been! It's especially infuriating to remember that our founding fathers initiated the War for Independence largely due to taxation!

[thomashusted]

The federal reserve bank is the bankster bank. Too big to fail, too big to jail to!

[sonofmanx]

The Federal Reserve Act of 1913 says that:

>The Federal Reserve will back each Federal Reserve Note in circulation with forty cents of gold.
They don't.

>Bankers are to be held personally responsible if they fail.
They aren't.

>If a Fed bank is insolvent, it is to become the property of the US.
It doesn’t.

>Insolvent Fed banks shall forfeit their shares in their Regional Fed.
They don’t.

>The Federal Reserve will use its profits to supplement the gold reserve and pay down any US debt.
It doesn't.

>The Federal Reserve has 3 mandates. People talk now only about the dual mandates: stable prices, and low unemployment. The third mandate is to keep long term interest rates constant.
They don't.

>The Fed will maintain parity of all forms of legal money issued by the US and strengthen the gold reserve.
They don’t.

>The Fed Board will audit Fed banks at will.
They don’t.

>The Fed's by-laws are not to violate US law.
They do.

>Fed banks cannot discount stocks or commercial paper.
They do.

>Each Fed bank will maintain a surplus fund from its profits as up to 40% of its paid-in capital stock.
They don’t.

>The Fed Board will supervise Fed banks.
They don’t.

>Fed banks will publish each week complete details of their assets and liabilities, as well as the nature of their transactions.
They don’t.

>The Fed is required to write off worthless assets on its books.
It doesn’t.

>The Fed is to have reserves in gold equal to 35% of its deposits.
It doesn’t.

>The Fed will maintain a gold account at the Treasury.
It doesn’t.

>The Fed’s franchise will be forfeited if they violate law.
It hasn't been.

>Federal Reserve Notes will be redeemed for gold.
They aren't.

>Fed bank owners will be held responsible for all Fed bank debts and contracts.
They aren’t.

>Fed member banks will not repurchase US treasuries that have maturities greater than six months.
They do.

>US Treasury yields are to be paid in tax-free gold.
They aren’t.

>The Federal Reserve will not pay any income tax. Its shareholders will receive a 6% dividend, or the yield on a US 10-year treasury (whichever is lower); and they will have all their expenses paid.
They did manage to uphold these parts of the Federal Reserve Act of 1913.

Gold is mentioned 53 times and on 11 pages. The word "gold" is littered throughout the Federal Reserve Act of 1913, basing one promise after another on gold. It was the only reason the legislation passed.

[SDscrch]

It has always baffled me why something so important to the nation, something with such great influence. Is not in the Constitution. Not even by a constitutional amendment.
they just "did it"
unaccountable to no one

[rattlehead]

Members of Congress need to take a urine analysis, credit check, polygraph, and a chemical analysis. Thanks, Woodrow.

[Idrinklight]

This will be good! Many people Need to watch this!!!!

[williamcarey]

This as usual was an outstanding video Mr. Heaton!! My late Dad always said "that's what all the political candidates of both parties say that they are going to abolish the IRS. But who collects the money that pays all of them? The IRS does".

It is sad that not one political candidate has ever made and kept the promise of abolishing the Federal Reserve or the IRS.

[offshoretinker]

The Creature from Jekyll Island is the definitive work, but a shorter treatise is "Dishonest Money' by Joe Plummer. Available free as a PDF.

[alyparker]

monster of jekyll Island is a good book on this subject

[richardcorwin]

Once again Colin you never fail in bringing the truth. Hoorah!