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Comment: EMBEZZLEMENT BY THE FED

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EMBEZZLEMENT BY THE FED

Submitted by simpleliberty on Sat, 12/29/2012 - 13:47.

The conclusion that the main source of income for the Fed is from interest on the national debt ($77 to $100 billion annually) is poorly placed.

The major source that is hidden from congress is from the auctions of Treasury securities. All of the handling is by the FRBNY and there is NO reporting or accounting records of disbursements available to Congress or to the public. The hidden profit amounts to $4 billion DAILY. Ref. Federal Reserve Heist, www.scribd.com/doc/101937790 . Any other institute would be called an embezzler.

It appears that these hidden profits are used to fund the New World Order scheme. Ref. http://www.scribd.com/doc/115919607/FUNDING-OUR-OWN-SELF-DES...