"The Love of Money is the Root of all Evil"
1st Timothy 6:10
A Phone Call To The Federal Reserve Bank
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. (Date unknown)
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?
SUPINSKI - Yes
CALLER - Does my government own any of the stock in the
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?
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
MR. SUPINSKI - Yes
- 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
MR. SUPINSKI - Gold, the Federal Reserve Bank itself and
CALLER - What value does the Federal Reserve Bank
carry gold per oz. on
MR. SUPINSKI - I don't have that
information but the San Francisco Bank has
$1.6 billion in gold.
Are you saying the Federal Reserve Bank of San Francisco has $1.6
gold, the bank itself and the balance of the assets is government
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
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
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 - Peoples mattress, buried in
their back yards and illegal drug
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
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
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
MR. SUPINSKI - Yes
CALLER - Is that the reason there
are only $263 billion Federal Reserve Notes
- 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?
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
MR. SUPINSKI - I don't know.
- Does the Federal Reserve regulate the value of Federal Reserve
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
CALLER - I
can tell you I have read the Constitution. It does NOT provide that
granted can be transferred to a private corporation. Doesn't it
state, all other powers not granted are reserved to the States and to
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
MR. SUPINSKI - I
believe there has 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.
Poultry Corp. vs. US and Carter vs. Carter Coal Co. the
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
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
CALLER - What is the solution?
MR. SUPINSKI - The Debit
CALLER - Do you mean under the EFT Act (Electronic Funds Transfer)?
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 $10.00 of
unleaded gas @ $1.41 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
everything about us. Isn't that kind of scary?
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
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?
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
CALLER - Have a good day and thanks for your time.
MR. SUPINSKI -
Thanks for calling.
If the reader has any doubts to the validity of this
conversation, call your nearest
Federal Reserve Bank, YOU KNOW THE QUESTIONS
TO ASK! You won't
find them listed under the Federal Government. They are in
the white pages,
along with Federal Express, Federal Deposit Insurance Corp.
(FDIC), and any
other business. Find out for yourself if all this is true.
And then, go to your local law library and look up the case of Lewis vs.
#80-5905, 9th Circuit, June 24, 1982. It reads in part: "Examining
organization and function of the Federal Reserve Banks and applying the
factors, we conclude that the federal reserve are NOT federal
instrumentality's . .
but are independent and privately owned and controlled
corporations - federal
reserve banks are listed neither as "wholly-owned'
[under 31 USC Section 846] nor as 'mixed ownership'
corporations [under 31
USC Section 856] . . . 28 USC Sections 1346(b), 2671.
Federal agency' is defined as: the executive departments, the
departments, independent establishments of the United States, and
acting primarily as instrumentality's of the United States, but
does not include
any contractors with the United States . . . There are no
sharp criteria for
determining whether an entity is a federal agency within
the meaning of the Act,
but the critical factor is the existence of the
federal government control over the
'detailed physical performance' and 'day
to day operations' of that entity.
Other factors courts have considered
include whether the entity is an independent
corporation . . . whether the
government is involved in the entity's finances, . . .
and whether the
mission of the entity furthers the policy of the United States . .
Examining the organization and function of the Federal Reserve Banks,
applying the relevant factors, we conclude that the Reserve Banks are not
It is evident from the legislative
history of the Federal Reserve Act that Congress
did not intend to give the
federal government direction over the daily operation of
the Reserve Banks .
. . The fact that the Federal Reserve Board regulates the
Reserve Banks does
not make them federal agencies under the Act . . . Unlike
agencies, each bank is empowered to hire and fire employees at
employees do not participate in the Civil Service Retirement System.
covered by worker's compensation insurance, purchased by the Bank,
than the Federal Employees Compensation Act.
Employees traveling on Bank
business are not subject to federal travel
regulations and do not receive
government employee discounts on lodging and
services . . . Finally, the
Banks are empowered to sue and be sued in their own
name. 12 USC Section 341.
They carry their own liability insurance and typically
process and handle
their own claims . . ." According to the Federal Reserve Bank
Philadelphia, "When the Federal Reserve was created, its stock was sold
the member banks." ("The Hats The Federal Reserve Wears," published by
Federal Reserve Bank of Philadelphia).
The original Stockholders
of the Federal Reserve Banks in 1913 were the
Rockefeller's, JP Morgan,
Rothschild's, Lazard Freres, Schoellkopf, Kuhn-Loeb,
Brothers and Goldman Sachs. The MONEYCHANGERS
wanted to be insured they had a
monopoly over our money supply, so Congress
passed into law Title 12, Section
284 of the United States Code. Section 284
specifically states, "NO STOCK
ALLOWED TO THE US" *
John 2:15 And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and oxen; and poured out the changers money, and overthrew the tables.
Should Christians follow Jesus example?
It should be noted that the Internal Revenue Service is also a private corporation. It is the collection agency for the privately owned Federal Reserve Banking System.
The Income Tax money that is collected by the I.R.S. does not go to the U.S. Treasury, but is put into a private account and credited against the trillions of dollar debt owed to the Federal Reserve Corporation by the U.S. Government. The U.S. government owes hundreds of Millions of dollars a month to this private bankings system. A banking System that had nothing to lend in the first place.
Monopoly - "A privilege or peculiar advantage
vested in one or more persons or
companies, consisting in the exclusive right
[or power] to carry on a particular
business or trade, manufacture a
particular article, or control the sale of the