The Federal Reserve System The Central Bank of the United States It is not part of the Federal...

The Federal Reserve System The Central Bank of the United States

It is not part of the Federal Government, has no reserves, and is not a system…

Then, what is it?

1The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Federal Reserve System

“This must be challenged and reversed because it is no part of the Divine Plan of the United States of America, and it must be reversed by the process of alchemy and not by the process of sudden collapse, else it will be more destructive to the earth than any other activity that could be taken.”

Beloved God of Gold and God Tabor - October 10, 1977


America’s Divine Destiny“A place set apart from all nations where God's

people were called to raise up an ensign–a sign. The sign of the I AM Presence, individual Christhood and the banner of Maitreya.”

“Where individual by individual and heart by heart, is sent by God to be the standard-bearer of the path of individual Christhood, bringing that path to the nations of the world, to all who would receive…”

ECP - POW Vol. 31. No. 9 - February 28, 1988 3The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

America’s Divine Destiny

“In your beloved America in the not so far distant future will come forth a similar recognition of the Real Inner Self, and this her people will express in high attainment. She is a Land of Light, and Her Light shall blaze forth brilliant as the sun at noonday among the nations of the earth.”

Saint Germain -The Magic Presence (p. 42,43)


America’s Divine Destiny

“She was a Land of Great Light ages ago, and will again come into her spiritual heritage: for nothing can prevent it. She is strong within her own mind and body—stronger than you think; and that strength she will exert to rise out of and throw off from border to border all that weighs heavily upon her at the present time.”

Saint Germain - The Magic Presence (p. 43)


Strategy v. Strategic PlanThe Masters have a plan containing different strategies to enable America to fulfill her divine destiny.

A Strategy is different from a Strategic PlanA Strategy is a means to an end, it is not the

end itself.A Strategic Plan contains the means to an end,

the end, and all the steps needed to reach that end.


Components of a Strategic Plan

Vision A desired state of being

Mission What is to be accomplished

Objectives, Goals

Milestones within the mission. Aa set of achievements

Road Map Step-by-step instructions, a how-to guide of strategies


Lightbearer’s Strategic Plan

Vision I AM Ascended in the Light and FreeMission Fulfill divine planObjectives To be of greater use to the Masters

To have the right things in place when I am called to service

Goals Proper educationBe in the right place at the right timeSpiritual preparedness

Road Map Detail implementation plan, course of study, career path, spiritual studies/community


Adversaries of Light Strategic Plan

Where can we find it?

“She [Mother] told the staff, however, that this teaching is contained in all the lectures and dictations she has delivered. If you listen closely, you will hear these strategies outlined one by one in the ongoing releases of the Brotherhood these forty years.”

Summit University Staff - On Strategies of Light and Darkness - tsl.org



Vision: The State as God and all people assubmissive servants and slaves to the Nephilimand the godless and the fallen angels. Helios, 1984

Mission: To deny the Father/Mother God entréeinto this world by the usurpation of the First andthe Seventh Rays. Alpha, 1987



Objective: Exercise absolute control over thepeople. Alpha, 1987

Goal: Takeover or the overthrow of thegovernments of the nations established byAlmighty God or the overthrow of the divineplan of the abundant Life. Helios 1984



Road Map/Implementation Plan:Perversions of the 12 lines of the Cosmic

Clock. Detailed in decrees 6.02A, 6.04 series, 6.07, 7.11 series, and in the book

“on Strategies of Light and Darkness” by Staff of Summit University.

Perversions of the Four Quadrants. Detailed in

decrees 7.00, 7.01, 7.02, and 7.31 series

Perversions of the Four Beasts • The Lion – Father• The Man – Son/Christ• The Calf – Holy Spirit• The Flying Eagle – Mother Detailed in the Ritual of Exorcism


One Vision, Many Missions

Just as our Church has one Vision and each Teaching Center a Mission for that chakra or area, so do the Adversaries of Light have one Vision and separate Missions for every area they seek to conquer.


Federal Reserve Strategic Plan Vision: The State as God and all people as submissiveservants and slaves to the Nephilim and the godless andthe fallen angels. Helios, 1984

Mission: Overthrow of the divine plan of the abundant life Helios, 1984

Objective/Goal: Position themselves in the economiesand the governments of the nations. Alpha, 1987

Road Map: Infiltrate the government, create economiccrises, propose solutions, convince the public, legalize it.


A Central Bank - First Attempt 1791 - Secretary of the Treasury Alexander Hamilton advocated the creation of a central bank, Secretary of State Thomas Jefferson strongly disagreed arguing that the Constitution did not specifically empower the Congress to create a central bank. Hamilton responded that Congress could create just such a bank under the constitutional clause giving it all powers "necessary and proper”. Hamilton won. Federal Reserve Bank of Boston, 1999


A Central Bank - First AttemptThe First Bank of the United States: $10 million capital stock$2 million owned by Federal government $8 million owned by private individuals Five directors appointed by the government, Twenty chosen by private investors in the bank20-year charter that failed a re-charter vote in 1811

by one vote in the House and one vote in the Senate


A Central Bank - Second Attempt1816 - Henry Clay, Speaker of the House, opposedre-charter of the first bank in 1811 on the groundsthat Congress had no right to charter such aninstitution. “The force of circumstance and the lightsof experience,” [war of 1812] persuaded him thatCongress did have this power. Others felt the same,and the bill chartering the Second Bank of the United States narrowly passed both houses.

Federal Reserve Bank of Boston, 1999 17The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

A Central Bank - Second Attempt

The Second Bank of the United States: $35 million capital stockFederal government owned 20% of the stockThe President appointed 20% of the directors20-year charterBecause of its power, citizens, politicians, and

businessmen came to view it as a threat to themselves and a menace to American democracy.


A Central Bank - Second Attempt In 1832 Nicholas Biddle tried to re-charter the bankIn 1833 President Andrew Jackson wanted to pull

all government funds out of the bank, • Treasury Secretary Louis McLane did not

comply and Jackson removed him• Treasury Secretary William Duane did not

immediately comply and Jackson removed him• Treasury Secretary Roger B. Taney complied.


A Central Bank - Second Attempt

Biddle’s response to Jackson’s moves was to shrink the money supply by demanding repayment of all loans and refusing to make new ones.

In1834 a brief recession occurred and the bill to re-charter the second national bank was defeated. The charter expired in 1836.


A Central Bank – Second Attempt

One of the men behind Biddle was Stephen Girard, a banker who purchased the stock of the first Bank of the United States • He was a director in the second Bank of the

United States • His bank underwrote 95% of the 1812 war

loan issue• The bank he founded is now part of Citizen’s

Bank21The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

A Central Bank - Third Attempt

The National Banking Act of 1863: Created National Charted Banks Specified that only National Banks could issue notesRequired bank notes to be backed by government

securitiesCreated the Office of Comptroller of the CurrencyRequired reserves for notes and deposits



Created three types of National Banks:Country Banks - in places other than the 50

cities which were reserve and central reserve cities. • Kept part of reserves in vault cash, and the

rest deposited with a National Bank in a Reserve or Central Reserve City.



Reserve City Banks - National Banks located in 47 specific cities • Kept part of reserves in vault cash, and the

rest deposited with a National Bank in a Central Reserve City Bank.



Central Reserve City Banks – National Banks in three cities: New York, Chicago, and St. Louis• Kept all reserves in vault cash• Reserves were subject to the needs of Reserve

City Banks that were subject to the needs of the Country Banks that met the needs of farmers

• Proved unsatisfactory to bankers because they did not have total control.


GoldUnited States adopted a bimetallic (Gold and Silver)

standard via the Coinage Act of 1792.

In 1837, the U.S. adjusted the fixed price of the dollar to 23.22 grains of fine gold.

in 1873, gold became the single standard.

The Gold Standard Act ratified on March 14, 1900, established gold as the only standard.

Gold as currency is not part of a Central Bank plan26The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Economic and Financial Crises 1873-1908

The largest bank in the United States failed because of problems in Europe.

The coinage Act depressed the price of silver.The Vienna Stock Exchange collapsed.Failure of the Reading Railroad and withdrawal of

European investment in the stock market.Run on gold and banks.In spite of it all, United States industrial production

increased fourfold.27The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

National Monetary Commission

The public demanded legislation from Congress to prevent the recurrence of manipulation in the money supply. Reform seemed inevitable. To head off and control the reform, the National Monetary Commission was created.

Mullins-Secrets of the Federal Reserve



The 1908 Aldrich-Vreeland Act created the National Monetary Commission. 9 senators and 9 members of the House of

Representatives Responsible for making a comprehensive study

of the necessary and desirable changes in the money and banking system of the United States.

Senator Nelson Aldrich headed the Commission.



What did it accomplish?Senator Aldrich led a team of experts to

Europe to study banking and currency systems in England, France, Germany, Switzerland, Italy, Belgium, Russia,

Wrote 30 reports with testimony from specialists.


The Federal Reserve - Conception

In November 1910, Senator Aldrich arranged asecret meeting at Jekyll Island off the coast ofGeorgia with six other men. They were:

Benjamin Strong, Frank A. Vanderlip, Henry P.Davison, Charles D. Norton, Abraham Piatt Andrew Jr., and Paul M. Warburg.


Who Were They?Senator Nelson Wildmarth Aldrich

• The Republican whip in the Senate. • Business associate of J. P. Morgan. • Father-in-law of John D. Rockefeller, Jr.

Abraham Piatt Andrew • Studied in Halle, Berlin and Paris and was an

assistant professor of economics at Harvard• Assistant to National Monetary Commission and

was Assistant Secretary of the U.S. Treasury32The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Who Were They?Frank Vanderlip

• Former assistant Secretary of the Treasury.• President of the National City Bank of New

York, the largest bank in America. • Represented interests of William Rockefeller.• Represented interests of Jacob H. Schiff and

partners of Kuhn, Loeb & Company.


Who Were They?Henry P. Davison

• Senior partner of J. P. Morgan Company and Morgan’s personal emissary.

Charles Norton• President of the First National Bank of New York.

Benjamin Strong• A lieutenant of J.P. Morgan• Would be first head of the Federal Reserve

System. 34The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Who Were They?

Paul Warburg • Partner in Kuhn, Loeb & Company • Representative of the Rothschild banking

dynasty in England and France • Brother of Max Warburg, the head of the

Warburg banking consortium in Germany and the Netherlands.

• One of the wealthiest men in the world


The PlanCreate a shared monopoly to eliminate

competition (a cartel like OPEC)Go into partnership with the U.S. governmentLegitimize the operation through legislation Have exclusive rights to monetary policy and

control money supplyGuarantee perpetual profits for themselves and

their interests.


The SellThey created a bill to have the plan legitimized.Paul Warburg created the draft of the plan and the

bankers’ representatives made sure their requirements were included.

Called the plan the Federal Reserve System to avoid any suggestion of a central bank.

The plan was to be presented as a product of the National Monetary Commission and Senator Aldrich put his name on it despite Warburg’s objections. The plan was rejected as favoring the “money trust.”


The SellCreated a National Citizen’s League of college

professors (Harvard, Princeton & Chicago) to sell the plan to the nation.

Condemned the bill in the press to create the opposite attitude in the people.

Supported both presidential candidates in in 1912 election. The republicans had the Aldrich plan and the Democrats had the Federal Reserve Act.

Gained support of most vocal critics by adding sound provisions


The Money Trust

The Money Trust was thought to consist of fifty menwho controlled the United States. “George F.Baker, partner of J.P. Morgan, said that he knewfrom personal knowledge that not more than eightMen ran this country.”

Mullins – Secrets of the Federal Reserve


The Men of the Money Trust

J.P. Morgan John D. Rockefeller

William Rockefeller Jacob H, Schiff

Paul M. Warburg

And three who still remain unknown.


Federal Reserve - Birth

On December 23, 1913 the Federal Reserve Act created the Federal Reserve System.

“An Act to provide for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”


The Ascended Master’s Opinion

In 1977 the God of Gold and God Tabor said, “Beloved ones, when you accept paper as a substitute for the promise from Alpha and Omega, as a substitute for that necessary focal point of the Cosmic Christ, you cut yourself off from a very necessary flow of energy.”

Unpublished Pearl, 1977


Federal Reserve System - Structure

Board of Governors12 Reserve Banks in 12 cities Federal Open Market CommitteeFederal Advisory CouncilThrift Institution CouncilConsumer Advisory Council


Monetary Policy

Designed to:Promote the objectives of maximum employment, stable prices, and moderate long-term interest rates via:A. Open Market Operations by the FOMCB. Reserve Requirements managed by the

Federal Reserve BoardC. Discount Rate managed by the Federal

Reserve Board44The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

A. Open Market Operations

1. Buying and selling of government securities - Treasury Bonds, Notes and Bills.A buy increases bank reserves, increases the

availability of credit, increases the money supply and decreases the Federal Funds Rate.

A sell decreases bank reserves, decreases money supply, decreases the availability of credit and increases the Federal Funds Rate


A. Open Market Operations2. Setting the Fed Funds Rate: a target rate -range within which actual borrowing rates occur.

It is the overnight rate that banks use to lend to each other.

Affects other short-term interest rates, foreign exchange rates, long-term interest rates, money and credit, a range of economic variables- employment, output, prices of goods and services.


B. Reserve and Reserve RequirementsReserve: Funds kept on hand to meet needs.Reserve Requirement: Percentage of total deposits

that banks are required to maintain. Requirements apply to demand deposits (checking accounts).

A high percentage decreases the money supply and the availability of credit and a low percentage increases the money supply and the availability of credit. This method is rarely used because of its volatility


C. Discount RateIs the Interest rate charged to banks that borrowfrom reserves at their regional Federal ReserveBanks.

Borrowings decrease at a high discount rate and increase at a low discount rate

A high discount rate tends to decrease the money supply and the availability of credit and a low interest rate increases the money supply and the availability of credit.


Where’s the Gold?U.S. Treasury Department’s 2008 FinancialStatements report:Gold totaling $11.0 billion pledged as collateral

for gold certificates issued and authorized to Federal Reserve Banks

A liability of $11 billion for gold indicating that the gold is not owned by the U.S. Treasury.

The Federal Reserve reports $11 billion in Gold Certificates on its Balance Sheet.


One World Currency

The 2008 Balance Sheet for the Federal Reserve Banks show $2.2 billion in SDR (Special Drawing Rights). The value of an SDR is specific amounts of four currencies valued in U.S. dollars – the U.S. Dollar, the Euro, the Japanese Yen, and the British Pound.

SDR was created by the International Monetary Fund (IMF) in 1969.


One of the ways governments fund deficits is byissuing government securities.

U.S. Treasury sells securities and its account at the Federal Reserve is credited with proceeds from the sale.

Upon payment for securities issued, U.S. Treasury disburses its new funds into the economy by spending these funds from its account at the Federal Reserve.

Deficit Spending and Money Supply


Results of Deficit Spending

The sale of government securities: Increases government fundsIncreases government spending

• Inflates the money supply = more notes in circulation

• Too many notes in circulation = inflation: dilution of value

• Uncontrollable inflation = Hyperinflation52The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Contraction and Expansion of The Money Supply

Through its open market operations and via the Federal Reserve Bank of New York, the Federal Reserve buys and sells government securities . • The Federal Reserve adjusts the reserves of the

banks that buy or sell these securities.• An increase in reserves in effect removes money

from circulation, and a decrease means more money in circulation.


Fractional Reserve Banking

Deposits into and withdrawals from bank accounts change the value of reserves.

• Deposits increase reserves and withdrawals decrease reserves

• Banks make loans based on the reserve requirement set by the Federal Reserve


The Infamous Money MultiplierReserve

Requirement Customer Deposit Bank

Bank

Retains Bank Lends To

10% A 1,000 1 100.00 900.00 B

10% B 900 2 90.00 810.00 C

10% C 810 3 81.00 729.00 D

10% D 729 4 72.90 656.10 E

10% E 656 5 65.61 590.49 F

10% F 590 6 59.05 531.44 G

10% G 531 7 53.14 478.30 H

10% H 478 8 47.83 430.47 I

10% I 430 9 43.05 387.42 J


Who has the Power?The Federal Advisory Council made up of 12

member banks representing banking interests. There is no Federal representation on this Council. They tell the FOMC what to do.

The Federal Open Market Committee (FOMC). There is no Federal representation on this Committee.

The Thrift Advisory Council representing the interests of Thrift Institutions.


The Federal Advisory CouncilThis body wields the real power in theFederal Reserve System. First members included:

Paul Warburg, J.P. Morgan, Levi L. Rue, Daniel S. Wing, W.S. Rowe, C.T. Jaffray

They represented the New York "big five" banks that controlled the money market in the United States. Jaffray, from Minneapolis, represented the moneyed interests in the Mid-west.

Mullins - Secrets of the Federal Reserve


One Man’s Opinion

Andrew Jackson expressed this opinion ofcentral banking in 1834.

“You are a den of vipers. I intend to wipe you out, and by the Eternal God I will rout you out...If people only understood the rank injustice of the money and banking system, there would be a revolution by morning.”

Mullins - Secrets of the Federal Reserve (p. 50)


Why Do We Allow This?

In the album Confidential File 10033. “The Psychology of Socialism: The Religion of Hatred and the Cult of Death.” October 9, 1978, Elizabeth Clare Prophet explains how and why we allow this trampling on our Christhood.


The Psychology of Socialism

Socialism is:One of the first basic universal forces that

has operated throughout human history of post golden age eras.

A part of the collective unconscious forces at work in the world since the decent of the light from the upper charkas to the lower charkas, the fall of man, the fall from golden ages.



Features of Socialism include:

The State having control of everyday life; Subordination of the individual to the powers of the large bureaucracy in forced labor; Lack of private property in the majority of the population; and Weakened family structures.


The Psychology of SocialismThe Psyche of Socialism:A state of mind-patterns within us which could make us

dependent instead of independent of systems of government, society, and economics.

• Patterns that coerce and appeal to the portions of our soul aspects that are not raised up to the Christ, the Real man.

An insidious force of the human mind wherein the Christ Mind/Soul Spirit has been degraded through afflictions of the will.



Why is Socialism dangerous?It ignores individual self worth, the Real Self and the

I Am Presence of each one.

If socialism follows capitalism and the free enterprise system, it is because of the decay and the decadence of the system,.


The Psychology of SocialismWhere does Socialism exist? Where fear, doubt, and rebellion at a soul level has

allowed fallen ones to step into consciousness and create chaos to maintain the sense of separation from God.

Where human perception believes that a high degree of academics and discipline, as a means to an end, can provide the answers to all of life’s problems.

Where free market greed and power of exploitation is not even recognized as being corrupt.


The Psychology of SocialismWhere does Socialism exist? Where the self-worth of the individual has been

ignored and become dependent upon bureaucratic systems of everyday life, instead of being responsible for self, and striving to reach and pass the Christ Mind initiations.

Where human habits have become comfortable, and mental and emotional blindness, laziness or paralysis, based in fear, took hold and degraded the will from living in freedom in the abundant life, to conquer time and space- life becomes the death wish.


The Psychology of SocialismWhere does Socialism exist? Where humanity working in the matter spheres has become more important than humanity seeking unity with the Spirit of God to work through us, in the matter spheres.Where production is owned, inordinately taxed and controlled by the state-government.Where the components of the family unit have been weakened.



How do we defeat Socialism?With the true understandings of the Teachings of Jesus

Christ to override the compromises and misunderstandings of his teachings that prevent the fullness of the Christ from infusing matter with Spirit, throughout all the systems of community; the economic, the government, the society, the family and the individual.



How to defeat Socialism:Through discrimination by the Higher Mind of the

Christ over the outer human mind that manipulates and coerces, is the only true Spirit of Truth, Justice and Freedom

With a Holy Spirit Community infused with the Spirit of Unity in God, where individuals voluntarily surrender aspects of the human consciousness in order to fulfill God’s Divine Plan of Community.



How to defeat Socialism:With capitalism in its purest form that happens when

the Christ Mind is in control, in a Guru/Chela relationship, so that the Holy Christ Self and Causal Body can be accessed for love, wisdom, creativity and production to move life forward—the Christ Mind is the Golden Rule foundation for an economy based on moral fiber as the Cosmic Honor Flame.



How to defeat Socialism:As Keepers with the Teachings, we have been

given the knowledge and the Science of the Spoken Word to work through our own soul psychologies, to enable us to hold the balance for the planet and the people.


Strategic Plan - Progress Report

Road Map: Infiltrate the government, create economic crises, propose solutions, convince the public, legalize it. • Accomplished

Objective/Goal: Position themselves in the economies and the governments of the nations.• Accomplished


Strategic Plan - Progress ReportMission: Overthrow of the divine plan of the

abundant life• Ongoing with a moderate to high degree of

success

Vision: The State as God and all people assubmissive servants and slaves to the Nephilimand the godless and the fallen angels.

• To be determined72The Federal Reserve System - An Exposé - June 13, 2009 - MSPTC

Our Responsibility

“I charge you beloved ones with the responsibilityof taking the full authority for the economy of thisUnited States.”

God of Gold and God Tabor, 1977


The Messenger’s Direction

“Write! Speak! Say what you believe! It doesn't matter if you're a Republican or a Democrat, so long as you put your thoughts on paper and make your voice count. If you are silent, you will have the karma of silence in the face of such infamy as the government is inflicting upon our people today.”

The Messenger - POW Vol. 34 No. 63 - December 4, 1991


A Challenge from Jesus

“Beloved ones, I challenge you with the full fire of my Sacred Heart to speak the Call into the face of every injustice as you have never done before and watch how God will show you the outcome of your invocation. And you will see them go down, even as the light of God that never fails can arrest a plague of locusts upon an entire nation.”

Beloved Jesus - POW Vol. 24 No. 3 -January 18, 1981


The Federal Reserve System The Central Bank of the United States It is not part of the Federal...

Documents

Transcript of The Federal Reserve System The Central Bank of the United States It is not part of the Federal...