Fed Fraud?

03 Dec

Fed Fraud [courtesy Google Images]

Fed Fraud
[courtesy Google Images]

For most of my life, I’ve been led to believe that the Federal Reserve is a separate entity that operates independently of the Federal Government.  This “separation” allowed the Federal Reserve to operate “independently” of the Federal Government.

Over the years, I came to doubt that Federal Reserve and Federal Government were truly separate and able to act independently of each other.  But it was not absolutely clear to me whether the Federal Reserve was, in fact, a dependent agency of the politicians running the Federal Government, or if the Federal Government was a dependent agency of the bankers running the Federal Reserve.

•  Recently, however, former Federal Reserve chairman Alan Greenspan was quoted as claiming that he and the Federal Reserve had no real independence from the Federal Government’s control, and he was “just following orders” (so to speak) issued by the Federal Government when he administered Federal Reserve policy from A.D. 1987 through A.D. 2006.

I was skeptical of Greenspan’s claim.

I suspected that Greenspan (88 years of age) was simply getting old and didn’t like being blamed for the economic conditions that precipitated the Great Recession in A.D. 2008.  So, he wanted to escape personal responsibility for having caused idiotic financial conditions that might yet collapse the US economy.  I suspected that he hoped to evade personal responsibility by denying that he was ever really in control during the 19 years he seemingly ruled the Federal Reserve.

Of course, if he wasn’t really in control, he wasn’t really the economic “maestro” that many people believed.  He was, in fact, just a press secretary, a front man, a talking head, for whoever is really in control of the Federal Reserve and perhaps even in control of the Federal Government.

I found all of those implications hard to believe.  Surely, the Federal Reserve must have some independence.  Greenspan, Bernanke and now Yellen must have some independent control, right?

But today, one of my readers (“Cody”) posted a couple of comments on my blog that provide evidence that the Federal Reserve is actually just an agency of the Federal Government.


•  First, Cody pointed out the Federal Reserve’s website is at . Note the  “.gov” suffix on the Fed’s URL.

If the Federal Reserve were truly an independent entity, I’d expect its website’s URL to end in “.com” or “.net” or some such—but not in “.gov”.

So far as I know, the “.gov” suffix is reserved for only for agencies of the “government”.  The Fed’s use of the “.gov” suffix surely implies (and might even prove) that the Federal Reserve is an agency of the Federal Government.


•  Second, Cody supplied a quote from a Federal Reserve publication that can be downloaded at which reads:


“As they carry out their duties, members of the [Federal Reserve] Board routinely confer with officials of other government agencies, representatives of banking industry groups, officials of the central banks of other countries, members of Congress and academicians.”

The word “other” in relation to the term “government agencies” clearly implies that the Board of the Federal Reserve views itself as just another “government agency”.


•  I won’t say that the “.gov” suffix on the Fed’s website URL, or the Fed’s reference to “other government agencies” is absolute proof that the Federal Reserve is an agency of the Federal Government.

But I will say that the Fed’s own words clearly indicate that the Federal Reserve Board is an agency of the Federal Government–just as Greenspan claimed in his recent speech.

If so, the Federal Reserve is no more “independent” from control by the Federal Government than are the Department of Agricultural, the Bureau of Alcohol, Tobacco, Firearms and Explosives Bureau, or Homeland Security.

If so, I suspect that persistent claims of Federal Reserve “independence” are lies that were probably designed to keep the public from looking too closely at the Fed and learning how and why our monetary system really operates.

If so, it appears that the Federal Reserve should be just as open to audit and public scrutiny as any other agency of government.


•  More, if the Federal Reserve is merely an agency of the Federal Government, and if (under Quantitative Easing 1, 2, & 3) the Federal Government was selling its bonds (that no one else would buy) to the Federal Reserve, wasn’t the Federal Government actually selling its bonds to itself?

Wasn’t the Federal Government’s sale of its bonds to the Federal Reserve fundamentally identical to a man with two bank accounts (that were both empty) depositing NSF checks from bank account #1 into bank account #2, and then from bank account #2 into bank account #1, in order to create the illusion that both accounts were solvent when, in fact, both were insolvent?

If you or I used two insolvent banks accounts to create the illusion that they were actually solvent and our checks were good, wouldn’t we be guilty of fraud?

If the Federal Government has been selling its bonds (that no one else in the free market would buy) to the Federal Reserve (an agency of the Federal Government that simply spins fiat dollars out of thin air to “pay” for the bonds) for the purposes of 1) creating the illusion that the US Bonds have value; and 2) the Federal Government has a sufficient capital to continue operations—isn’t that also evidence of our government’s intent to deceive and defraud the American people and even the people of the world?

If the Federal Government can only sustain the illusion of solvency by writing $4 trillion in QE funds that were not simply “spun out of thin air” but “spun out of thick fraud,” would it be true that all four trillion of those fiat dollars are the financial equivalent of NSF checks written on a closed bank account?

If the Federal Government can only maintain the illusion of solvency by means of a massive ($4 trillion QE) fraud, could that fraud be construed as evidence that the Federal Government is already so broke, so bankrupt, and so desperate that it is certain to be caught in its fraud and then expire in bankruptcy at some future date?

Is there any conceivable means by which the Federal Government can continue its massive deception indefinitely?

If not, how long can the Federal Government successfully conceal this massive fraud?

If the Federal Reserve is only an agency of the Federal Government, and if the that agency is the source of fictional funds used to shore up the illusion of Federal Government solvency, should average Americans merely snicker at another crime committed by Obama?  Or should Americans be working diligently, even desperately, to save their wealth in a medium that can’t be destroyed or repudiated when the Federal Government is finally forced to admit its fraud?

If the Federal Reserve is, as Alan Greenspan claimed, only an agency of the Federal Government, should Americans be amused, indifferent, or terrified?

If the Federal Reserve is only an agency of the Federal Government, I can’t see how the resulting financial fraud can continue much longer.  They might be able to hold this system together for another six years, but I wouldn’t be surprised if the whole thing collapsed within six months, or even six weeks.

If you’re not already prepared for what might be coming, I think you’d better do all you can as fast as you can to get ready.


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28 responses to “Fed Fraud?

  1. Bruce

    December 3, 2014 at 2:01 PM

    In the US Code somewhere it says that not only is an “agency” (or a “department’) defined as a “federal corporation,” but that the “United States” is as well. These are ALL legal (not lawful) structures used to create the impression of various spurious authorities these organizations have over the “commoners,” and to create unlawful immunities for the men and women who use their color of authority to create advantages for themselves. That’s why they create these structures and work so hard to dominate the positions at the top of what are all hierarchies.

  2. Gary

    December 3, 2014 at 2:38 PM

    * UNITED STATES CODE, TITLE 28, PART VI, CHAPTER 176, SUB CHAPTER A, Sec. 3002. Definitions (15) ”United States” means –
    (A) a Federal corporation;
    (B) an agency, department, commission, board, or other entity of the United States; or
    (C) an instrumentality of the United States

    “UCC 9-307 (h). Location of United States. The United States is located in the Districtof Columbia.”

    SECTION 9301- 9342
    9307. (h) The United States is located in the District of Columbia.

    There are 314 ‘known’ (‘admitted’) banks/owners/shareholders of the Federal Reserve, which is a PRIVATELY owned corporation, as is the GOVERNMENT OF THE UNITED STATES/ United States,Inc, incorporated in 1871 as a ‘Government’ of the District of Columbia, a private corporation most people have since become ‘club members’ of, via their SSN applications (checking that little box “US citizen”, as opposed to being an American Citizen……and most will poo-poo it as ‘semantics’, but, when you get to ‘court’ (ALL ‘courts’ are located “within the United States” (TITLE 28, §1746), and the United States is located in the “District of Columbia”, OUTSIDE of the several states of the Union), guess what, it is viewed as a ‘rebuttable presumption’ you are a ‘citizen’ and ‘resident’ of the United States, and just appearing in their ‘court’ means you have ACCEPTED their jurisdiction, which means it is no longer “rebuttable”……FED and federal ‘Government’ are the same entity, just different ‘departments’ of the same corporation

    What happens when you are NOT in their little corporate ‘club’ when they finally crash this whole illusion…..or, perhaps it should be referred to as ‘delusion’?

    Alfred is 100% right when he points out that one might want to have something a little more ‘tangible’ on hand, like gold, or silver, or lead, if it comes to that…….

    • hogorina1

      December 22, 2014 at 2:12 PM


      Our US state department is a humbugging operation, as a pawn in the hands of Israel. Yes, its billions for an Asian state and billions from banksters, of whom have plundered our national homeowners via an indirect tax increase through hot-money bailouts. The perpetual plundering of honest-working tax payers have leveled off as Wall Street swindlers is swarming with illicit alien investors in, the daily rigging of marketing and and investment engineering into an engagement of petro dollars, in being rigged to counter gold gold reserves of Russia, China, and Germany’s rebellion against Western imperialism. From the West drones and stinger rockets for Eastern states that are aborting the federal reserves’ fiat currency. The petrodollar goes into the dust bin returning home to its founders, Several Western nations in alliance with Asiatic confederations on global monetary standards are going into bartering. The result of this economic intrusion caused by Eastern and Western economic downturns is a war for global markets for both sides. Since President Putin has declared Russia as a Greek Orthodox state, this is a family affair as Catholicism within America has greater influence within the US state Dept. Pseudo democracy will prevail in servicing the state of Israel as sat up in 1948. The end result is that we have several russian long-range bombers now patrolling international waters at fifty miles from our American shores. High treason is the norm in national politics.
      During the 1990s, the U.S. imposed an embargo on Iraq to prevent that nation from receiving all of the food and medicines it needed. As a result of that embargo, 500,000 Iraqi children are believed to have died.
      During much of that embargo, Medeline Albright was the 64th U.S. Secretary of State. On May 12th, A.D. 1996, Secretary of State Albright appeared on 60 Minutes and was asked if the “price” of the embargo-related deaths of 500,000 Iraqi children was “worth it”. Albright replied, “I think that this is a very hard choice, but the price . . . we think the price is worth it.”
      The U.S. imposed an embargo on Iraq to prevent that nation from receiving all of the food and medicines it needed. As a result of that embargo, 500,000 Iraqi children are believed to have died.
      During much of that embargo, Medeline Albright was the 64th U.S. Secretary of State. On May 12th, A.D. 1996, Secretary of State Albright appeared on 60 Minutes and was asked if the “price” of the embargo-related deaths of 500,000 Iraqi children was “worth it”. Albright replied, “I think that this is a very hard choice, but the price . . . we think the price is worth it.” End quote. Six million of Albright’s lineage dies in WW11. No mercy for these children! This is a sample for America’s white race, If God don’t help us, who will?

  3. medicis

    December 3, 2014 at 3:51 PM

    i want to thank both contributors above…. having studied and learned material as (or relevant to that) presented above, particularly Gary’s material, i can only add my assent. And contribute my disgust. A preponderance of all the evil.. and i mean ‘evil’ literally, is located in the fraudulent, criminal District of Columbia/US Federal Gov…pretending to be, and are in most peoples’ eyes, the United States of America (as in the several states of the Union). They have – and I mean, in particular, the co-conspirators in Congress – legislatively, total control over ‘The District’ aka ‘United States’. But these charlatans/criminals have been basically in the ’employ’ of the RottenChild Cabal et. al., for many many decades. So, who has control? LOL. It is one of the reasons I laugh also at the notion of voting. It matters not at all who you vote for. And ultimately, the likely only solution begins with ‘r’. And chances are, even that would be controlled by the RottenChilds

  4. Toland

    December 3, 2014 at 4:10 PM

    While it may be that the Federal Reserve is a “government agency” (whatever that means – we don’t know how they define this phrase on their website), it is false to claim that the Fed is “merely” or “only” this.

    FACT: The Federal Reserve is a private corporation. ALL of its shareholders are private entities. NONE of its stock is owned by the U.S. government.

    Whatever ill-defined claims the Fed may make about itself on its own website, or on Twitter and Facebook, more weight must be given to for-the-record statements by the U.S. government in an official capacity:

    “Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately owned and locally controlled corporations.”

    — Lewis v. United States, 9th Circuit, 1982

    More facts, and some history schooling for those needing:

    “Some people think the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders…. The Fed became law the day before Christmas Eve, in the year 1913, and shortly afterwards the German international bankers Kuhn, Loeb and Co. sent one of their partners here to run it…. These twelve private credit monopolies were deceitfully and disloyally foisted upon this Country by the bankers who came here from Europe and repaid us our hospitality by undermining our American institutions…. They created a reign of terror in Russia with our money in order to help that war along…. They fomented and instigated the Russian Revolution, and placed a large fund of American dollars at Trotsky’s disposal in one of their branch banks in Sweden so that through him Russian homes might be thoroughly broken up and Russian children flung far and wide from their natural protectors. They have since begun the breaking up of American homes and the dispersal of American children.”

    — Rep. Lewis McFadden, Chairman of the House Banking and Currency Committee, 1934

    • Roger

      December 3, 2014 at 5:52 PM

      Toland, thanks for the info.

      And shame on the liars in the media, often pretending to be Christians to gain our trust, who run interference for the anarchist billionaires’ Federal Reserve by spreading disinformation on this topic.

  5. John Patterson

    December 3, 2014 at 5:39 PM

    Ya’ll need to read Eustace Mullins book Secrets of the Fed and Creature from Jeckyl Island by
    G. Edward Griffin; also watch Mike Malony at The FED is not part of the government; however, the folks who own the FED control the government and they control you and me.


    December 3, 2014 at 7:05 PM


    Ignoring the truth is an American past time. The Federal Reserve is as much “Federal” as America is the State Of ISRAEL! While APAIC guides our Foreign and Domestic Policies, more than the wishes of the American people, we are not that ISRAEL! The Federal Reserve is without a doubt controlled by the same TRIBE! Freaking “DOT GOV” is no place to even begin a conversation concerning our economic slavery, or or support for the implementation of the Godless Multicultural New World Order.

    There is a famine of understanding because that Tribe has told us what to believe, and has left us no room for error! Believe their lies, or you are an Anti-Semite, Racist, Homophobic, xenophobic, NAZI!

    • hogorina1

      December 17, 2014 at 8:13 PM

      America is a state established via revolution as a break off from mother England. Actually, America is a tool as tied to universal Zionism. All through ancient history ancient Esau has managed to break Israel into segments. The fifty segments are fifty disunited States of Amerika. The chosen race is to be mongrelized. This is being accomplished now. Cuba is now recognized. This is under an umbrella of universal Marxian Bolshevism. America now practices emperialism. This is following ancient Nimrod’s first movement towards imperialism. Only through our pseudo-religious empire is this taking shape. Satan is at the helm of state.

  7. Henry

    December 3, 2014 at 7:09 PM

    LOL, the Fed has a .gov web address because the U.S. government – which invented the internet – let them have it in aid of the deception (also perpetrated by the financial press) that the so-called “Federal” Reserve is part of the government.

    Wait, the government wouldn’t intentionally mislead us about anything, would it?!?!

    Yes, Junior, it would.

    • Roger

      December 3, 2014 at 9:02 PM

      Yeah, the “dot gov” thing.

      But if you’re also looking to make hay out of that sort of peripheral evidence, get yourself one of the phone books that local phone companies put out for free.

      In the phone book, the Federal Reserve is listed in the business section, not the government section.

      This clue has been making the rounds for many years.

      • Henry

        December 3, 2014 at 9:28 PM

        Good idea.

        You probably want a phone book from a Federal Reserve branch city, like Philadelphia, Chicago or Dallas.

  8. gary

    December 3, 2014 at 8:52 PM

    the fed is an agency and independently audited.

  9. mrtideman

    December 3, 2014 at 11:22 PM

    What Roger said, of he beat me to it, as I was first told this trick by Barbara Anderson here in New Hampshire who with her husband Frank (of The Captive Nations Days too) used to hold meetings on the constitution every 1st Sunday of the month at her Sherwood Inn in Epsom back in the 1980s. She recommended and sold copies of: “Lincoln Money Martyred.” Plus in an old COIN WORLD there’s the story about the shipment of notes from the B.E.P. to some one of the 12 regional banks and it was robbed. Did the robber get charged for stealing paper money from the truck? No, because the notes had not yet been monetized with the gold bullion put up for this and that pallet of from the $1.00 to the $100 bills that they bought of in any and all denominations for only 6-cents each. I read also a few years ago that some Section 16, Part 15 of this exchange between the PRIVATE Fed and those agents of the U.S. Government within the contract being: The Federal Reserve Act of 1913, were somehow given the authority to pay themselves as special gov’t agents, of like being deputized or some such hogwash.

    • Toland

      December 4, 2014 at 2:58 AM

      mrtideman > “The Federal Reserve Act of 1913, were somehow given the authority to pay themselves as special gov’t agents, of like being deputized or some such hogwash.”

      I think you’re on the right track there. Since the privately owned Federal Reserve calls itself a “government agency” without defining this phrase, we’re on our own figuring out what they mean.

      Let’s look at a definition of “agency” to get a ballpark idea of what the Fed could be saying. Black’s, 9th ed.:

      agency. (17c) 1. A fiduciary relationship created by express or implied contract or by law, in which one party (the agent) may act on behalf of another party (the principal) and bind that other party by words or actions.

      So apparently the Fed claims to be in a fiduciary relationship created by law (the Federal Reserve Act) whereby the Fed acts on behalf of the U.S. government in a binding manner. Okay, that agrees with what we already know about the privately owned Federal Reserve.

      • mrtideman

        December 4, 2014 at 12:10 PM

        31 CFR 100.2

  10. mrtideman

    December 4, 2014 at 12:52 PM

    Thanks Toland. I checked my papers and found it in 31 CRF Section 100.2 on page 360 of the “Revised as of July 1, 2005” under: “Money and Finance: Treasury” in that: “The regulations in this part governing the exchange of the coin and paper currency of the United States (including national banking notes and Federal Reserve bank notes in process of retirement and Federal Reserve Notes). Under authorization in the Act approved May 29, 1920, 41 Stat. 655 (31 U.S.C. 476), the Secretary of the Treasury transferred to the Federal Reserve banks and branches the duties and functions performed by the former Assistant Treasurers of the United States in connection with the exchange of paper currency and coin of the United States.” This answer was provided to me by Kathleen Saunders-Mitchell, Disclosure Officer in a 1-page letter to me on July 12, 2006 in reply to my original F.O.I.A. Claim by 5 USC 552(a)(4)(iii) for a copy of the contract “without cost” to share with others to: The U.S. Mint Headquarters at 801 – 9th Street, N.W., Washington, D.C. 20220 on Wed., July 21, 2006. In my appeal to: David A. Lebryk, Acting Director, United States Mint, 8th floor, 801 – 9th Street, N.W., Washington, D.C. 20220 of Wed., August 9th, 2006 I mentioned that the word assist in Assistant is to aid and help. “Whatever System member has been given this authority still has to sign some paper contract receipt for the coins.” Lebryk never replied. My point is that since I never got an answer either for how much gold bullion was placed on deposit with that agent of Uncle Sam (or that government agent given a Federal Reserve Gold Certificate) by Section 16, Part 15 thereof The Federal Reserve Act of 1913 in order to monetize the notes, that now I wanted to know these other details like NOT only that of the exchange between the holder of the FRNs into coins, BUT of the other exchange too.* The Fed set up some 1968 deadline I think it was for all of THEIR outstanding notes to be able to be exchanged for silver dollars since by 12USC411 they were only out-side the banking system by custom-over-ride of the U.S. Notes of somehow the “promise to pay” in THAT quality of coin from The Coinage Act of 1965. This is THEFT in my book, but did anybody ever sue on this? I did by taking Donald T. Regan to the U.S. District Court as Secretary of the Treasury, but now after learning this, I was suing the wrong party, as his predecessor ________ supposedly permanently(?) “transferred” this “exchange” to the Fed, but WHO in particular? of their Exchange Agents. * The other exchange is I guess of none at all, but that of being distribution agents of the coins whereby they probably get bags from the U.S. Mint and by 31 CFR 100.2 “The Federal Reserve banks and branches are authorized to distribute available supplies of coin and currency to depository institutions, as that term is defined in section 103 of the Act. Transportation of coin and currency wrapping services will be provided according to a schedule of fees established by the Board of Governors of the Federal Reserve System.” Here in New Hampshire us “working stiffs” are entitled by R.S.A. Chapter 275:43,I to be able to collect on our payroll checks in “lawful money” either directly from the employer or in-directly by his order to the bank to pay to the order of: us! by check. And so I ORDER in my command that I be PAID in the quality of coin as we N.H. Article 1 “consent”ed to back in Chapter 28 Laws of N.H. of 1794 in Vol. 6 at page 155 to The Coinage Act of 1792. WE never “consent”ed to The Coinage Act of 1965. The law IS the constitution, and by Article I, Section 10 / U.S. Constitution, as spelled out (thanks to Roger Sherman), to be gold AND silver coin. How the bank has to get this quality of coin is THEIR problem. I do not need to know WHO the Fed agent(s) is/(are) who took over from the former Assistant Treasurers, but that he or she or them has/have a duty to perform, and that is for their member banks to comply with the law in the state in which they operate! It’s required as in the Bank Director’s oath. And here in New Hampshire it’s as I spelled out. I take the debased coins only on a temporary basis of giving that branch manager my verbal and written “Notice of Dishonor” before I sue in court, and for over $1,500 in value of my guarantee to the right to a trial by jury, N.H. Article 20 of our Bill of Rights. I’ll let you know how that goes.

  11. Anthony Clifton

    December 4, 2014 at 1:55 PM

    the children of the devil and their “Proselytes” cannot tell the truth,
    act in Good Faith…

    or enter the Kingdom

    so no worries…Revelation 3:9


    December 4, 2014 at 2:43 PM

    There are only nine countries left in the world without a ROTHSCHILD Central Bank!

    North Korea

    Isn’t it funny that we are always at War with most of them?

    • Roger

      December 4, 2014 at 8:39 PM

      You can scratch Russia off that list, for the time being at least. They accepted the central banking cartel in the 1990s, with their own equivalent of the Federal Reserve Act. This explains why Russia suddenly became “cool” in Hollywood movies, was allowed to join the G7, and so forth at the time.

      Then along came Vladimir Putin and his patriotic circle of nationalists. They are looking to re-nationalize their central bank to make it work for the Russia people rather than the Money Power, these two being the only options available in practice. The anarcho-capitalist “free market” fantasy is merely a public relations ploy to aid the monopolist billionaires in the ongoing Nation State vs. Money Power contest for global control.

      Putin has been reversing many of the gains of the antichrist anarchist billionaires by 1) strengthening the nation state-based rule of law under the authority of the Russia people and 2) re-Christianizing Russian society.

      For these two cardinal sins according to the Money Power, Russia is no longer “cool” in Hollywood movies, has been ejected from the G7, etc. – and Putin is hated with a passion in the decadent West.

  13. Cody

    December 6, 2014 at 12:59 AM

    Hey Al,
    Cody is my birth name. I used to call you back in 1994 and 1995, when I was Marine assigned at Yuma, Arizona. I used to drive the base legal office nuts by distributing AntiShysters all over the air station. One of my officers reprimanded me, then winked and told me he’d do the same thing, except he was an officer.

    All that I can say is that your holistic approach to law and understanding all things government were and still are an inspiration for me. I even used some of the information from you and your readers and applied it in the reports I had to write for my Bachelor of Science in Justice Administration. The end result was that my GPA wound up at 3.97 using a lot of “patriot” theory.

    Anyway, on this link, the Federal Reserve states they are mandated to make reports to Congress. So, I doubt they are independent or private.


    • Adask

      December 6, 2014 at 1:37 AM

      Hi Cody. I don’t expect to remember anyone that I merely talked to on the phone from 20 years ago. But as soon as you described yourself as a Marine in Arizona, I remembered. I’m very much surprised.

      Seeing as you used “patriot” theory to get a GPA of 3.97, was that number on a scale of 1 to 4 or 1 to 10?

  14. Cody

    December 6, 2014 at 1:52 AM

    Hey Al,
    3.97 out of 4.0 possible. I drove people nuts in my classes. It’s a pain in the ass to learn to write authoritatively in the APA (American Psychological Association) format (not to mention the numerous mental handicaps Marines suffer from, self-inflicted or otherwise). However, once you figure out that game, writing authoritative papers is a breeze. Who’s going to argue with Constitutions, laws and Supreme Court cases. The only reason I didn’t get a 4.0 is because one of my professors detested my habit of quoting various Marine leaders in my papers. Oh well, it was worth the .03 loss, just to get a rise out of the old girl.

    Keep up the good work.

  15. Toland

    December 7, 2014 at 10:12 AM

    Some have claimed the IRS is, like the Fed, a privately owned corporation with a charter granted by the U.S. government. This claim does appear to be supported by evidence.

    However, the IRS is under the operational control of the Commissioner of Internal Revenue at U.S. Treasury.

    There is no office or department in the U.S. government with equivalent control over the Federal Reserve, which even Alan Greenspan admitted on TV (see youtube).

    • Roger

      December 7, 2014 at 12:33 PM

      “The Federal Reserve Banks, while not part of the government, are the central banking system for the Nation.”

      — United States Office of Management and Budget, Budget of the United States Government: Historical Tables, FY 1992, p. 10.

      “The Federal Reserve system pays the U.S. Treasury $20.60 per thousand notes–a little over 2 cents each–without regard to the face value of the note…. They are printed exclusively by the Treasury’s Bureau of Engraving and Printing, and the $20.60 per thousand price reflects the Bureau’s full cost of production.”

      — Donald J. Winn, Assistant to the Board of Governors of the Federal Reserve

      “We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve.”

      — Robert H. Hamphill, Federal Reserve Bank of Atlanta

  16. gary

    December 9, 2014 at 11:53 PM

    The IRS is not under the control of the commissioner of the Department of Internal revenue at the US Treasury. It is under the commissioner of the Department of the Treasury (NOT ” US” Department of the Treasury. The Department of the Treasury is the Department of the Treasury of Puerto Rico, and is only territorial in nature, with NO authority in the several states of the Union.

    Look at any IRS communication, it only says “Department of the Treasury”, NOT “US Department of the Treasury:….. they are two completely different departments, one under the original Union of the several states, and the other under the foreign-owned, private corporation ‘the United States’, which is where ALL the alphabet agencies are: territorial in nature, with jurisdiction over only the District of Columbia and the US possessions.

    • Toland

      December 10, 2014 at 12:20 AM


      How does your theory account for the fact that IRS forms instruct the taxpayer to make checks payable to the “United States Treasury”?

      • Henry

        December 10, 2014 at 1:00 AM


        Also note that the US government has an account established in 1843 where they accept donations, bequeaths, etc. The oddness of this aside, the important point is how they want you to address your check to them – i.e. exactly the same way the IRS does.

        From the website:

        Financial gifts can be made by check or money order payable to the United States Treasury and mailed to the address below.

        Gifts to the United States
        U.S. Department of the Treasury
        Credit Accounting Branch
        3700 East-West Highway, Room 622D
        Hyattsville, MD 20782


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