The Source of Federal Reserve System Reserves

[Baba Ahmed]

Originally Posted by jacqui

Oh Baba, I remember getting a list at one of Steve Cokelys lectures. You know Brother Cokely is all about naming names. He gave a list of the CFR and all members of the Boule in the different cities.

Hey Baba, missed you around here, If you hadn't showned up in another day I was callng you and sending a search party out for ya.

Peace Jacqui and thanks; sistas and bruthas must work out this madness called America's Home of the Brave, land of laws and not of men, and nuclear families b.s. I'm one who knows, from experience, that when a sista has your back while holding your hand? that's a sho' nuff backing! OurStories prove this beyond a shadow of doubt...imo.

Yeah, no shame in my game; I had Cokely's list; lost it in one of my deceased laptops... will appreciate someone sending it to me now. Mind u no Black public outcry was heard. Altho I know that his life was consistently under duressed threats. His and another brutha who worked with him. By Wasichu and negroes.

[Baba Ahmed]

One thing that's notable about the wasichu is a likening for put'n their thoughts on paper. Example as mentioned bfore, get and read G. Edward Griffin's The Creature From Jekyll Island: A Second Look at the Federal Reserve that also explains the so called IRS's forming & infamy.

Even today there're groups who defy the IRS and who've yet to have a clear U.S. Constitutional citation shown to their demand for legality of its collections of so called federal income taxes AND the many hidden taxes that folk pay, like sheep b n led to slaughters. I've heard a sista who lives in DBlack's area speak to this. She's an ex IRS Agent, who had power to arrest, etc.

Is it simply coincidental that the Talented Tenth, the NAACP and the Boule were all formed around the same time with similar white financial backings?

If I never hear of modern Black Greeks again? What will happen to oxymoronic statements!?!

[jacqui]

Baba I will try to locate mine and send you a copy. It might take a second because I am still living out of suitcases. lolol. I still have quite a bit of stuff packed.

Baba I remember when Cokely first started hitting on the Boule. So many came out and were denying that this organization even exist.
But Steve and his crew caught them in the act at a meeting and videotaped it. lol you talk about rats scurring when the lights came on.

You would think that the only ones not paying their taxes and making claims about it are the Moorish Science Members.

[Istlota]

Originally Posted by Baba Ahmed

One thing that's notable about the wasichu is a likening for put'n their thoughts on paper. Example as mentioned bfore, get and read G. Edward Griffin's The Creature From Jekyll Island: A Second Look at the Federal Reserve that also explains the so called IRS's forming & infamy.

Another good source is this google video:

America: Freedom to Fascism - Director's Authorized Version

... If I never hear of modern Black Greeks again? What will happen to oxymoronic statements!?!

In my college days, I was dumb enough to pledge for a black frat for about a week. The day I dropped off the line, we pledges were at the frat house, being ordered to do the sort of idiotic stunts frats get their pledges to do. At one point, I happened to be standing in front of a large wall length mirror. Big Brother I-forget-his name ordered me to start wrestling with one of the other pledges. Instead, I looked in the mirror, asked myself what the hell I was doing, dropped my pledge book at Big Brother whoever's feet, walked out, and never looked back. That was a strange scene, cause there were only about 20 blacks total on the whole campus (only one sista). That year ended up being the first year all the blacks on campus did not pledge Phi Eta Psi.

I can understand how a young immature brother, leaving home for the first time, can end up aligned with a black frat. But, you are 100% correct. Black and Greek is an oxymoron. Still, I am not quite ready to equate Boule with sellout. It is just not conceivable to me that Dubois, Dr. King, and the now deceased Dr. Asa Hilliard could have been sellouts and/or naive enough to belong to a organization dedicated to maintaining White Supremacy. I am more inclined to believe that they were like me, away from home, and needing the comradeship of other blacks. My opinion -- Cokely is unfairly blaming the entire Sigma Pi Phi organization for the excesses of a few of its members.

[Istlota]

Correct Answer: The Fed does not have any reserves.

US Mint? Nope.
The gold and silver in the US mint doesn't enter into the equation because USD has not been backed by gold or silver for many years. USD, literally, is not worth the paper it is printed on. Its only value is as fiat currency -- which means that we have to hope that someone will exchange something of real value for our worthless dollar bills.

BEP? Nope.
It is true that the Fed can instruct the Bureau of Engraving and Printing to print up some mo dough. But, as I think someone else here stated, that takes time. Besides, it isn't necessary. Nowadays, it is a lot easier to just log onto a computer and add a few zeros to a bank account. And that is exactly where the Fed's reserves come from - White Folks pull it out their arse.

Federal taxes? Nope.
Most, if not all, of the federal taxes we pay goes to pay off the interest on the meteoric federal deficit. Hence, none of that money is available for "reserves" for the Fed. Instead, our federal income taxes are stolen by the Fed Res, which acquires our taxes indirectly, via interest it charges the Federal government to loan it money -- money that it creates out of thin air. Note that some articles do admit that the Fed supplies "reserve" money via bonds [i.e., loans].

The Fed Res makes serious do-re-mi [billions] from the interest on these loans. The Federal government pays the interest on these loans from our federal tax dollars. Which means that our federal taxes are not being used to pay for highways, or social programs, or the military. Instead, our taxes are going into the pockets of the thieves who run the Fed Res. Highways, social services, and the military are being paid for by money that the Fed Res literally creates out of thin air and then "loans" to the federal government, charging interest for the service, of course.

This is why inflation never goes away. It is supply and demand. All that imaginary money that the Fed Res pulls out its arse increases the money supply, which lowers the demand, which lowers the value of USD in relation of other currencies. And, all this translates into the ridiculously inflated prices we pay for everything.

But, our handlers have the media program into us that our high prices are due to the Chinese unfairly manipulating the USD exchange rate via their exports and we buy into all this because we Americans are uninformed, brainwashed fools -- no more than sheep who are easily led astray by wolves in sheep's clothing.

Money ain't real.

[LadyDivine]

You are so right. We are on the verge of watching this bogus system collapse in front of our eyes.

[Baba Ahmed]

Originally Posted by Istlota

Another good source is this google video:

America: Freedom to Fascism - Director's Authorized Version



In my college days, I was dumb enough to pledge for a black frat for about a week. The day I dropped off the line, we pledges were at the frat house, being ordered to do the sort of idiotic stunts frats get their pledges to do. At one point, I happened to be standing in front of a large wall length mirror. Big Brother I-forget-his name ordered me to start wrestling with one of the other pledges. Instead, I looked in the mirror, asked myself what the hell I was doing, dropped my pledge book at Big Brother whoever's feet, walked out, and never looked back. That was a strange scene, cause there were only about 20 blacks total on the whole campus (only one sista). That year ended up being the first year all the blacks on campus did not pledge Phi Eta Psi.

I can understand how a young immature brother, leaving home for the first time, can end up aligned with a black frat. But, you are 100% correct. Black and Greek is an oxymoron. Still, I am not quite ready to equate Boule with sellout. It is just not conceivable to me that Dubois, Dr. King, and the now deceased Dr. Asa Hilliard could have been sellouts and/or naive enough to belong to a organization dedicated to maintaining White Supremacy. I am more inclined to believe that they were like me, away from home, and needing the comradeship of other blacks. My opinion -- Cokely is unfairly blaming the entire Sigma Pi Phi organies of a few of its members.

Europeans and their allies use this same type argument when pressed to pay Reparations to Black ex enslaved descendants. "I wasn't there, My people had no slaves," when in reality they've all benefited from the free labor and billions of dollars gained since those days. Allow me to remind u that individuals, small groups are statistically insignificant re social matters.

No argument from me re your opinion. I credit brutha Steve Cokely with the guts to make any statement to bust out the remnants of a Talented Tenth. W.E.B. DuBois' expressed intent was to raise leaders of the ignorant Black folk, who were being courted by such as Booker T. Washington and most of all Marcus Mosiah Garvey. The provided list of Boule, is enough to show that he specified who was/is Boule. IMO to not agree with what he basically asserts is to still believe that too many Black folk still manifest a silent form of intra-group Apartheid. In his essay racism, colorism & power from the book negroes and other essays Mwalimu Baruti ask four, among many, poignant questions:

"Why do the teacher's pets of today have the same complexion and features as they did 20, 40, 60, 80, 100 years ago? {baba note: remember he taught college & university level classes} Even after the "Say It Loud I'm Black and I'm Proud" 1960s it is still a constant. Why do the sisters we tend to consider the 'finest' and the 'phatest' today have the same complexion and features as they did 20, 40, 60, 80, 100 years ago? Why do Afrikans still prefer to live in predominantly European communities? And, why do Afrikan Catholic congregations still prefer more than any other denomination to have a European preaching from their pulpits?"

Its no military secret that for thousands of years europeans have used first a mulatto "class" of Afrikan descendants as a buffer btween us and them. The Boule, Talented Tenth and "Greek" modeled soros and fraternities are simply extensions that follow Plato's quantified and qualitated hierarchy society. Ph.D's/european at the top the illiterate/Black kwk on the bottom.

But back to the money thang.... some relevant info is b n highlighted by you.

[Istlota]

Originally Posted by LadyDivine

You are so right. We are on the verge of watching this bogus system collapse in front of our eyes.

You got that right. This past week has really freaked out Wall Street, and there is no indication that we have seen the end of these record breaking market losses. The M.O. is becoming pretty obvious:

-- Financial markets sink like the Titanic.
-- The Fed "releases" billions of dollars of their imaginary reserves.
-- The media weaves some more fairy tales about how the economy is, and has been, in recovery.
-- There is a brief rally on Wall Street, lasting maybe a day.
-- Then, reality kicks in and investors go back to dumping their stocks.

The insane thing about all this is that all the financial analysts are admitting that this is tied directly into the collapse of the mortgage industry. Hence, the obvious fix would be for the Fed to lower the Federal Funds Rate. But, so far, it just has not been in the nature of these greedy bastards to cut the common man a break. So, instead, the Fed has lowered the Discount Rate, which helps banks and mortgage companies more than consumers.

Star-Telegram.com | 08/18/2007 | Fed approves cut in discount loan rate