If you have read the "Creature from Jeckyl Island" and and "The Liberty Dollar
Solution" you will know that the following is true even if this conversation
never happened. Free your mind! for more discussion on this subject and more go
to [EMAIL PROTECTED]
A Phone Call To The Federal Reserve Bank in San Francisco
24 November 2005 | 17:44:52
The following is a conversation with Mr. Ron Supinski of the Public
Information Department of the San Francisco Federal Reserve Bank.
This is an account of that conversation.
CALLER - Mr. Supinski, does my country own the Federal Reserve
System?
MR. SUPINSKI - We are an agency of the government.
CALLER - That s not my question. Is it owned by my country?
MR. SUPINSKI - It is an agency of the government created by
congress.
CALLER - Is the Federal Reserve a Corporation?
MR. SUPINSKI - Yes
CALLER - Does my government own any of the stock in the Federal
Reserve?
MR. SUPINSKI - No, it is owned by the member banks.
CALLER - Are the member banks private corporations?
MR. SUPINSKI - Yes
CALLER - Are Federal Reserve Notes backed by anything?
MR. SUPINSKI-Yes, by the assets of the Federal Reserve but,
primarily by the power of congress to lay tax on the people.
CALLER - Did you say, by the power to collect taxes is what backs
Federal Reserve Notes?
MR. SUPINSKI - Yes
CALLER - What are the total assets of the Federal Reserve?
MR. SUPINSKI - The San Francisco Bank has $36 Billion in assets.
CALLER - What are these assets composed of?
MR. SUPINSKI - Gold, the Federal Reserve Bank itself and government
securities.
CALLER - What value does the Federal Reserve Bank carry gold per oz.
on their books?
MR. SUPINSKI - I don t have that information but the San Francisco
Bank has $1.6 billion in gold.
CALLER - Are you saying the Federal Reserve Bank of San Francisco
has $1.6 billion in gold, the bank itself and the balance of the
assets is government securities?
MR. SUPINSKI - Yes.
CALLER - Where does the Federal Reserve get Federal Reserve Notes
from?
MR. SUPINSKI - They are authorized by the Treasury.
CALLER - How much does the Federal Reserve pay for a $10 Federal
Reserve Note?
MR. SUPINSKI - Fifty to seventy cents.
CALLER - How much do they pay for a $100.00 Federal Reserve Note?
MR. SUPINSKI - The same fifty to seventy cents.
CALLER - To pay only fifty cents for a $100.00 is a tremendous gain,
isn t it?
MR. SUPINSKI - Yes
CALLER - According to the US Treasury, the Federal Reserve pays
$20.60 per 1,000 denomination or a little over two cents for a
$100.00 bill, is that correct?
MR. SUPINSKI - That is probably close.
CALLER - Doesn't the Federal Reserve use the Federal Reserve Notes
that cost about two cents each to purchase US Bonds from the
government?
MR. SUPINSKI - Yes, but there is more to it than that.
CALLER - Basically, that is what happens?
MR. SUPINSKI - Yes, basically you are correct.
CALLER - How many Federal Reserve Notes are in circulation?
MR. SUPINSKI - $263 billion and we can only account for a small
percentage.
CALLER - Where did they go?
MR. SUPINSKI - People's mattress, buried in their back yards and
illegal drug money.
CALLER - Since the debt is payable in Federal Reserve Notes, how can
the $4 trillion national debt be paid off with the total Federal
Reserve Notes in circulation?
MR. SUPINSKI - I don t know.
CALLER - If the Federal Government would collect every Federal
Reserve Note in circulation would it be mathematically possible to
pay the $4 trillion national debt?
MR. SUPINSKI - No
CALLER - Am I correct when I say, $1 deposited in a member bank, $8
can be lent out through Fractional Reserve Policy?
MR. SUPINSKI - About $7.
CALLER - Correct me if I am wrong but, $7 of additional Federal
Reserve Notes were never put in circulation. But, for lack of
better words were "created out of thin air " in the form of credits
and the two cents per denomination were not paid either. In other
words, the Federal Reserve Notes were not physically printed but, in
reality were created by a journal entry and lent at interest. Is
that correct?
MR. SUPINSKI - Yes
CALLER - Is that the reason there are only $263 billion Federal
Reserve Notes in circulation?
MR. SUPINSKI - That is part of the reason.
CALLER - Am I mistaking that when the Federal Reserve Act was passed
(on Christmas Eve) in 1913, it transferred the power to coin and
issue our nation s money and to regulate the value thereof from
Congress to a Private corporation. And my country now borrows what
should be our own money from the Federal Reserve (a private
corporation) plus interest. Is that correct and the debt can never
be paid off under the current money system of country?
MR. SUPINSKI - Basically, yes.
CALLER - I smell a rat, do you?
MR. SUPINSKI - I am sorry, I can't answer that, I work here.
CALLER - Has the Federal Reserve ever been independently audited?
MR. SUPINSKI - We are audited.
CALLER - Why is there a current House Resolution 1486 calling for a
complete audit of the Federal Reserve by the GAO and why is the
Federal Reserve resisting?
MR. SUPINSKI - I don't know.
CALLER - Does the Federal Reserve regulate the value of Federal
Reserve Notes and interest rates?
MR. SUPINSKI - Yes
CALLER - Explain how the Federal Reserve System can be
Constitutional if, only the Congress of the US, which comprises of
the Senate and the House of representatives has the power to coin
and issue our money supply and regulate the value thereof? [Article
1 Section 1 and Section 8] Nowhere, in the Constitution does it give
Congress the power or authority to transfer any powers granted under
the Constitution to a private corporation or, does it?
MR. SUPINSKI - I am not an expert on constitutional law. I can
refer you to our legal department.
CALLER - I can tell you I have read the Constitution. It does NOT
provide that any power granted can be transferred to a private
corporation. Doesn't it specifically state, all other powers not
granted are reserved to the States and to the citizens? Does that
mean to a private corporation?
MR. SUPINSKI - I don't think so, but we were created by Congress.
CALLER - Would you agree it is our country and it should be our
money as provided by our Constitution?
MR. SUPINSKI - I understand what you are saying.
CALLER - Why should we borrow our own money from a private
consortium of bankers? Isn't this why we had a revolution, created
a separate sovereign nation and a Bill of Rights?
MR. SUPINSKI - (Declined to answer).
CALLER - Has the Federal Reserve ever been declared constitutional
by the Supreme Court?
MR. SUPINSKI - I believe there have been court cases on the matter.
CALLER - Have there been Supreme Court Cases?
MR. SUPINSKI - I think so, but I am not sure.
CALLER - Didn't the Supreme Court declare unanimously in A.L.A.
Schechter Poultry Corp. vs. US and Carter vs. Carter Coal Co.
the corporative-state arrangement an unconstitutional delegation of
legislative power? ["The power conferred is the power to regulate.
This is legislative delegation in its most obnoxious form; for it is
not even delegation to an official or an official body,
presumptively disinterested, but to private persons." Carter vs.
Carter Coal Co...]
MR. SUPINSKI - I don't know, I can refer you to our legal
department.
CALLER - Isn't the current money system a house of cards that must
fall because, the debt can mathematically never be paid-off?
MR. SUPINSKI - It appears that way. I can tell you have been
looking into this matter and are very knowledgeable. However, we do
have a solution.
CALLER - What is the solution?
MR. SUPINSKI - The Debit Card.
CALLER - Do you mean under the EFT Act (Electronic Funds Transfer)?
Isn't that very frightening, when one considers the capabilities of
computers? It would provide the government and all it s agencies,
including the Federal Reserve such information as: You went to the
gas station @ 2:30 and bought $20.00 of unleaded gas @ $3.41 per
gallon and then you went to the grocery store @ 2:58 and bought
bread, lunch meat and milk for $12.32 and then went to the drug
store @ 3:30 and bought cold medicine for $5.62. In other words,
they would know where we go, when we went, how much we paid, how
much the merchant paid and how much profit he made. Under the EFT
they will literally know everything about us. Isn't that kind of
scary?
MR. SUPINSKI - Yes, it makes you wonder.
CALLER - I smell a GIANT RAT that has overthrown my constitution.
Aren't we paying tribute in the form of income taxes to a consortium
of private bankers?
MR. SUPINSKI - I can't call it tribute, it is interest.
CALLER - Haven't all elected officials taken an oath of office to
preserve and defend the Constitution from enemies both foreign and
domestic? Isn't the Federal Reserve a domestic enemy?
MR. SUPINSKI - I can t say that.
CALLER - Our elected officials and members of the Federal Reserve
are guilty of aiding and abetting the overthrowing of my
Constitution and that is treason. Isn't the punishment of treason
death?
MR. SUPINSKI - I believe so.
CALLER - Thank you for your time and information and if I may say
so, I think you should take the necessary steps to protect you and
your family and withdraw your money from the banks before the
collapse, I am.
MR. SUPINSKI - It doesn't look good.
CALLER - May God have mercy on the souls who are behind this
unconstitutional and criminal act called the Federal Reserve. When
the ALMIGHTY MASS awakens to this giant hoax, they will not take it
with a grain of salt. It has been a pleasure talking to you and I
thank you for your time. I hope you will take my advice before it
does collapse.
MR. SUPINSKI - Unfortunately, it does not look good.
CALLER - Have a good day and thanks for your time.
MR. SUPINSKI - Thanks for calling.
>From Dan Benham [EMAIL PROTECTED]
=============================================
Thomas "Rocky" Costanzo
888-848-8781 Voice / 561-450-5546 Fax
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