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The Federal Reserve Bank, You're Baby Daddy

Does the Federal Reserve Own Your and Your Babies?

Are We Commodities? Sold and traded on the Stock Market?

The Gross National Debt

The Gross National debt increases by over $500 billion each year since fiscal year (FY) 2003, with increases of $1 trillion in FY 2008, $1.9 trillion in FY 2009, and $1.7 trillion in FY 2010.[3] As of August 3, 2011, the gross debt was $14.34 trillion dollars, of which $9.78 trillion was held by the public and $4.56 trillion was intragovernmental holdings.[4] The annual gross domestic product (GDP) to the end of June 2011 was $15.003 trillion (July 29, 2011 estimate),[5] with gross debt at a ratio of 96% of GDP, and debt held by the public at 65% of GDP.

In 1962 over 50 years ago the national debt was: 248 billion dollars. Now, it’s over $21 Trillion dollars. We did nothing about it then; just kept spending and loaning like we have an endless supply of greenbacks. In reality folks, the United Stated Federal Reserve Bank has been in the red since 1913. The chart below will give you some perspective at the rate the deficit has been climbing since 1962, the year I was born. (cannot insert chart here on FB)

However: Click this link to get a view of the National Debt Clock.

The numbers are staggering. The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies. The gross public debt comprises two components:

  • Debt held by government accounts, also known as intragovernmental holdings, that is, Treasury securities held in accounts that are administered by the federal government, such as the Social Security Trust Fund

  • Debt held by the public, that is, securities held by investors outside the federal government, including that held by the Federal Reserve System and state and local governments. This is the net public debt.[1]

The net public debt increases or decreases as a result of the annual unified budget deficit or surplus. The federal government budget deficit or surplus is the cash difference between government receipts and spending, ignoring intra-governmental transfers. However, there is certain spending (supplemental appropriations) that add to the gross debt but are excluded from the deficit. The deficit is presented on a cash rather than an accruals basis, although the accrual deficit provides more information on the longer-term implications of the government's annual operations.[2]

Together with the budget deficit, the political climate was one of the reasons given by Standard & Poor's to revise the outlook on the US sovereign credit rating down to negative on April 18, 2011.[6]Standard and Poor's downgraded the credit rating by one notch from AAA to AA+ on August 5, 2011, for the first time ever. The long term outlook is negative and it could lower the rating further to AA within the next 2 years.[7][8] The downgrade was met with severe criticism from the Obama administration, commentators, and other political figures.[9][10][11][12]The US still has a AAA rating from other ratings agencies.

How did “We”our nation, get in this situation? and, What does this Have to do with You and Me?

When I learned what I’m about to share with you it was like discovering that I was a part of the Matrix. Most of us are, here’s how.

The Birth Certificate

It seems none of us have our original Birth Certificates -- they are all copies. And the copies have a serial number on them, issued on special Bank Bond paper and authorized by "The American Bank Note Company." Huh?

ABCorp (American Banknote Corporation) is an American corporation and world leader providing secure payment, retail and ID cards, vital record and transaction documents, systems and services to governments and financial institutions - and is one of the largest producers of plastic transaction cards in the world. ABCorp the organization was originally a major worldwide engraver of national currency and postage stamps.

On April 29, 1858, following the Panic of 1857, seven of the nation’s most prominent security printers merged to form the American Bank Note Company. The new company made New York Cityits headquarters. Less than two years later, the remaining handful of independent bank note printers merged to form the National Bank Note Company that we know of today.

To be close to the stock exchanges, brokerage firms, and banks in lower Manhattan, the American Bank Note Company established its New York City.

The first paper currency was circulated by the US Treasury Department following the outbreak of the Civil War. Congress passed authorizing legislation for $60 million worth of these “Demand Notes” on July 17 and August 5, 1861. Under contract with the government, the novel paper money, called “greenbacks” by the public, was produced by the American Bank Note Co. and the National Bank Note Co. A total of 7.25 million notes were produced in denominations of $5, $10, and $20. In an interesting historical sidelight, American and National were also producing paper money for the Confederacy at the same time.