Who started the Federal Reserve?


For John Rockefeller to overcome the problem of his oil holdings being broken apart by the US government in 1911, he created another stratagem. He took his vast wealth and created 12 large holding banks we now know as the private Federal Reserve. The plot was to somehow sell his banks to the US Congress. He succeeded two years later in 1913.

All federal taxes collected since 1913 go through the private Federal Reserve System banks, whether they are gas taxes, import excise taxes or income taxes. You file your tax return with the Internal Revenue Service, but all the tax money withheld by your employer is sent to a Federal Reserve Bank. At the end of the fiscal year, the government IRS reports to the private Federal Reserve Banks how much income tax is reported on tax returns and then that amount should be transferred to the Federal government. The private Federal Reserve then pays that amount, but does not report or pay the interest earned on that money during the year. That is profit to the Federal Reserve Banks. This is now true of the so-called “central banks” of most nations, which were chartered along the same lines as the American Federal Reserve banks.

That is why they want you to “overpay” your taxes, and then at the end of the year, when you file your return with the IRS, you get back a refund, not from the Fed Banks, but with a check from the US Treasury. The private Fed earns interest on the amount you overpay, but the government Treasury loses the amount you get refunded. The private Federal Reserve pays no taxes and reports to no one. Thus, John Rockefeller and his heirs and assigns, have a cash flow each year equal to a good percentage of the American gross national product and that would be enough to buy out British Petroleum and Royal Dutch Shell, even if Standard Oil was broken into smaller pieces.

- BocaJoe

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