alcuinbramerton.blogspot.com | December 14, 2015
The technical detail of the US Federal Reserve's illegal and anti-Consitutional money laundry is now known to the the US Supreme Court, the US Congress, the US Pentagon and the US Provost Marshal.
The individuals, agents, agencies, constituent corporations, primary dealers and private owners of the US Federal Reserve nexus now have no lawful or legitimate claim to legal immunity. Nor do the individuals acting for the law enforcement authorities who are tasked with the arrest and proper public prosecution, in open court, of the accused persons.
The Washington-backed US establishment system of banking embezzlement is outlined in the following summary of a current Legal Complaint by Federal Reserve whistleblower James Carter, a US resident of Cass County, Missouri.
The US Federal Reserve banking syndicate (the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve) is explicitly accused of hiding a trillion dollars a year using its exclusive handling of records and disbursement of the US Treasury security auction accounts.
The Board of Governors of the Federal Reserve is exposed as operating as a US government contractor as defined by the US Supreme Court, and not as an agency of the US government .
The Board of Governors of the Federal Reserve's violation of the law that all profit of the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) belongs to the US government, negates any claim to US government immunity.
Treble damages and civil penalties are sought from the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York).
These damages and penalties arise from the Federal Reserve's hiding of profit from Congress, and from the lack of reporting such profit to Congress. These actions are violations of the (civil) False Claims Act (the "Lincoln Law").
The violations of the False Claims Act arise because the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) knowingly and intentionally conceals from the US government approximately six hundred times a year, a total amount of money equal to the value of the total deficit spending of the US government.
The Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) is knowingly engaged in a contorted accounting scam. Hidden records are used by the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) to conceal the perfidy.
The Federal Reserve Bank of New York has exclusive control of the redemption records. This authority is used to control the receipts and disbursements of all US Treasury security auctions. These records have never been independently audited.
The profit is hidden from the United States in violation of the Federal Reserve Act of 1913, which specifies that all net profit of the Federal Reserve system is the property of the United States.
The statutory requirement for a complete report of the system to be periodically made to Congress is routinely violated.
Private Federal Reserve corporations can be sued
The Federal Reserve Bank of New York is a privately-owned corporation operating on a franchise granted by the Board of Governors of the Federal Reserve. It has the statutory authority to sue or to be sued.
The Board of Governors of the Federal Reserve is a privately-held corporation owned by select Primary Dealers. It operates as a US government contractor that has assumed the guise of a US federal agency. It has the statutory authority to sue or to be sued.
Twenty-one Primary Dealers own the private corporation which is called the Board of Governors of the Federal Reserve. These Primary Dealers include Barclays Capital, Citigroup Global Markets, Credit Suisse Securities (USA), Deutsche Bank Securities, Goldman Sachs, HSBC Securities (USA), J.P.Morgan Securities, Morgan Stanley, RBS Securities, and UBS Securities.
The full list of Primary Dealers which own the private corporation called the Board of Governors of the Federal Reserve is here.
Each Primary Dealer has violated the False Claims Act by receiving and hiding profit from the Federal Reserve's operations.
The Board of Governors of the Federal Reserve has administrative control and regulatory authority over each Federal Reserve Bank. The Board of Governors of the Federal Reserve has the legislated responsibility for auditing and reporting to Congress an annual "complete report" of the Federal Reserve System.
A systemic violation of the Charter law of the Federal Reserve legislation by any Federal Reserve Bank, which is not corrected or reported to Congress, makes that bank an entity which conspires to commit a violation of the False Claims Act.
An unlawful practice by any US government employee or entity negates any claim of sovereign immunity.
The Board of Governors of the Federal Reserve maintains the guise of a US Federal agency. In fact, the Board of Governors of the Federal Reserve operates as a US government contractor. It has no lawful claim to sovereign immunity.
The Board of Governors of the Federal Reserve is subject to court process as respondent superior, and as an indispensable party for any systemic unlawful operation of any Federal Reserve bank.
The Board of Governors of the Federal Reserve is a privately-held corporation secretly owned by select Primary Dealers. Its primary allegiance is to its owners. A US government agency, in contradistinction, is established for the benefit of society. A US government agency which is established for the benefit of a corporate enterprise in violation of its charter of creation is a legal nullity. It is void from its inception and negates any claim to sovereign immunity.
Federal Rule of Procedure 19 authorises joinder of the owners of the Board of Governors of the Federal Reserve as indispensible parties and recipients of purloined funds.
The Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve were created by legislation in 1913 which was formulated at a clandestine meeting of Wall Street and European bankers secluded on Jekyll Island.
The new economic structure settled in that 1913 legislation was modeled on historic European systems which had benefited various rulers and financiers, but left the nations concerned in financial ruin, with widespread riots, confiscation of estates and physical harm to the perpetrators. The model thus conceals the perpetrators.
Ownership of the Board of Governors of the Federal Reserve has been alleged by various authors, but requests pursuant to the Freedom of Information Act (FOIA) for verification of ownership are stonewalled with uninformative website links. The ownership of the Board of Governors of the Federal Reserve is not a matter of public record.
Since the trail of money leads to the Primary Dealers, each member of that group (named here) is an owner of the Board of Governors of the Federal Reserve.
Freedom of Information Act (FOIA) requests for the identities of those responsible for compiling the screened lists (and the original 1913 list) submitted for US government appointment as Federal Reserve officers are rebuffed. Those parties are the owners of the Board of Governors of the Federal Reserve.
Supervisory and regulatory control of all Federal Reserve banks is vested in the Board of Governors of the Federal Reserve; the Federal Reserve banks are franchises controlled by the Board of Governors of the Federal Reserve. The Federal Reserve banks operate as private corporations.
The object of the Federal Reserve system is to embezzle the hidden profit. The source of initial funds to establish operations in 1913 was from the owners of the Board of Governors of the Federal Reserve.
Unlawful exploitation of US deficit spending by the US Federal Reserve system
Deficit spending occurs when Congress approves such an act. The US Treasury can then send a US Treasury security (a marketable security such as a bill, bond or note) as collateral to the Federal Reserve Bank of New York. The Federal Reserve Bank of New York then increases the US government's line of credit (book entry money) by that amount. The act is identified as a "loan" from the Federal Reserve. The source of the loan is never identified as having the value before the "loan", but somehow the money comes from an unknown source.
The US government pays for services by vendors from the account thus established. When a vendor requests "cash" from a commercial bank after depositing the cheque, the vendor will receive Federal Reserve Notes (FRNs), i.e. a voucher acknowledging debt from the Federal Reserve system identified as a legal tender.
A legal tender is an alternate item from that which was contracted. The vendor requests "dollars" when the cheque is cashed, but is given Federal Reserve Notes as a substitute which, by law, must be accepted for the requested item.
The Federal Reserve Bank of New York will sell the US Treasury security (as a component of a roll-over security) by auction, with a superficial appearance at the auction by the US Treasury.
Bids for auctions of US Treasury Marketable securities are jointly received by the Federal Reserve Bank of New York and select US government branches. The auctions are open to the public. Approximately 70% of sales are to the Primary Dealers who place bids with the Federal Reserve Bank of New York.
Each security is accompanied by papers which identify how much of it goes for roll-over and how much is for deficit spending. Approximately 85% of auctioned securities are used to fund roll-over for maturing or redeemed US Treasury securities. Security value for deficit spending is about 15%.
Funds received by auctioning securities for redemption of securities in the market may be received by the US government or the Federal Reserve Bank of New York. They are credited to a US government account by the Federal Reserve Bank of New York. Since the funds are credited to the US government, there is no increase in the National Debt, nor is there any increase in the amount of currency in circulation. The US government balance sheet lists these funds as assets under Marketable securities.
The US Treasury makes a list of securities that are being recalled before maturity with the price that they will pay. The Primary Dealers are largely responsible for collecting the listed or maturing securities for redemption.
The Federal Reserve Bank of New York has exclusive management and accounting control of redemption accounts for the US government. The accounts have never been independently audited, nor are they reported to Congress as required by law.
Deficit spending securities are auctioned off as a small component of each roll-over security. While temporarily shown on US government balance sheets, the funds are not available to pay for US government services.
If the funds belonged to the US government, there would be no increase in the US National Debt, nor would there be an increase in the money in circulation (inflation). The retention of the value within the Federal Reserve system is deliberately concealed.
Revenue from both deficit and roll-over auctioned securities appears on the US government balance sheet as "Marketable" securities. Purchases of maturing securities are listed under "Redemptions". The Federal Reserve Bank of New York has exclusive control of the accounts for redemption. This authority is used to pay the owners of the Board of Governors of the Federal Reserve their share of profit from deficit spending.
While the funds from all auctions appear on the balance sheet of the US government, the Federal Reserve Bank of New York has exclusive authority to handle disbursements of redeemed securities. This authority is used to cover paying funds from deficit spending to the owners of the Board of Governors of the Federal Reserve.
Funds received from auctioning deficit spending securities are ostensibly used to pay back the "loan" which created the book-entry money - while concealing the payment from the public records.
The owners of the Board of Governors of the Federal Reserve advance no consideration for the above "loan" or transactions. If the owners of the Board of Governors of the Federal Reserve had advanced value in the "loan", there would have been no increase in the amount of money in circulation (inflation) and no increase in the US National Debt, i.e. no book-entry creation of money.
The owners of the Board of Governors of the Federal Reserve receive the entire value of deficit spending as a net profit by this handling. There is no consideration advanced by the owners of the Board of Governors of the Federal Reserve. The net profit of the Federal Reserve system belongs to the US government, not to the owners of the Board of Governors of the Federal Reserve.
It is impossible to pay off the US National Debt which is created by the above transactions. Every "dollar" in circulation has been created as the principal of a "loan", but requires repayment of principal plus interest. The interest itself is never created; it does not exist. It is a loan which cannot be culminated.
The ancestors of the 21 Primary Dealers who own the Board of Governors of the Federal Reserve, contrived and established the scam to acquire vast profit (to receive funds from deficit spending securities) with the full knowledge that this money is the fruit of a scam.
The Board of Governors of the Federal Reserve is a full and willing accomplice in the scam and deliberately provides concealment of its action from public awareness.
The US National Debt in February 2009 was £10.6 trillion; the US National Debt in February 2015 was $18.1 trillion. The total amount of funds deliberately concealed within the statutory limit of six years exceeded $7.4 trillion.
There are approximately 600 auctions of US Treasury securities each year. Assuming that each of these has a deficit spending component, each auction is a violation of the Primary Dealers' obligation to transfer such money to the US government. A six-year period would involve approximately 3,600 such violations subject to a statutory civil penalty of up to $10,000 for each violation.
Wherefore, the Plaintiff/Relator in this case requests judgment against the Primary Dealers (the owners of the private corporation called the Board of Governors of the Federal Reserve) for three times the amount improperly concealed by the Federal Reserve system; for the maximum civil penalty for each violation of the False Claims Act; for the minimum statutory amount authorised to the Plaintiff/Relator; for court costs and expenses; and for such further relief as the Court deems just and proper.
Case No: 12-0129-CV W hfs in A United States District Court, Western District of Missouri, Western Division.
The full text of James Carter's March 2015 court document can be found here. The Plaintiff/Relator, James Carter, is a resident of Cass County, Missouri, USA.
Nancy Duffy McCarron, CBN 164780
Attorney, Real Estate Broker, BBB Arbitrator, CA Notary Public
Certified Forensic Loan Auditor, Property Manager
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