Under the Federal Reserve Act of 1913, all of our money that's non-coinage is lent out by the PRIVATELY owned Federal Reserve AT INTEREST. This means that almost all U.S. money - paper AND electronic - in circulation carries interest that we the people and we the government owe to this PRIVATE CORPORATION. The U.S. government could - and should - lend money out DIRECTLY WITHOUT this interest and large dividends going to PRIVATE bank coffers.
In accordance with the Code of Federal Regulations (CFR) Title 26: Internal Revenue § 1.103-2 Dividends from shares and stock of Federal agencies or instrumentalities.
'. . . the Federal Reserve Act of December 23, 1913 (12 U.S.C. 531), provides that Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from taxation, except taxes upon real estate.'
Why does the Federal Reserve have to pay real estate taxes? That's right, the Federal Reserve - like Federal Express - is a PRIVATE CORPORATION. Don't believe it? Go to the government's own CFR website and read it directly for yourself. And if you don't think that's proof enough, check out this 1982 Federal Court of Appeals case -
Lewis v. United States, 680 F.2d 1239 (1982)
- where the United States Court of Appeals states,
'we conclude that the Reserve Banks are not federal instrumentalities [. . .] but are independent, privately owned and locally controlled corporations.'
For nearly 100 years our currency has been controlled and manipulated by this PRIVATE CORPORATION called the Federal Reserve. Interest and interest-on-interest has been – and will be – paid ad infinitum to this PRIVATE CORPORATION. Money our government could just as easily lend out itself, given our government prints it. Make a difference.
Help stop this monopolistic money cartel. Occupy your financial freedom. And Federalize the Fed(eral Reserve).