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"Phone call to the Fed" source?

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Postby Dibs » Sun Nov 08, 2009 9:06 pm

So I found the following text on a comment section of some article, and I was wondering if someone might know the source. All I seem to be able to find are where someone has re-posted it on forums. It's kind of long, BTW.

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 reconstructed to the best of my ability from notes taken during the conversation on October 8, 1992.
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?

MR. SUPINSKI - Yes CALLER - Does my government own any of the stock in the Federal Reserve?

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?

MR. SUPINSKI -Yes, 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 Reserve Notes?

MR. SUPINSKI - Yes CALLER - 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 comprised of?

MR. SUPINSKI - Gold, the Federal Reserve Bank itself and government securities.

CALLER - What value does the Federal Reserve Bank carry gold per oz. on their books?

MR. SUPINSKI - I don't have that information but the San Francisco Bank has $1.6 billion in gold.

CALLER - Are you saying the Federal Reserve Bank of San Francisco has $1.6 billion in gold, the bank itself and the balance of the assets is government securities?

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 Reserve Note?

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 U.S. 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 U.S. Bonds from the government?

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 money.

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 circulation?

MR. 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 debt?

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 that correct?

MR. SUPINSKI - Yes CALLER - Is that the reason there are only $263 billion Federal Reserve Notes in circulation?

MR. SUPINSKI - 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 nations 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?

MR. SUPINSKI - We are audited.

CALLER - Why is there a current House Resolution 1486 calling for a complete audit of the Federal Reserve by the G.A.O. and why is the Federal Reserve resisting?

MR. SUPINSKI - I don't know.

CALLER - Does the Federal Reserve regulate the value of Federal Reserve Notes and interest rates?

MR. SUPINSKI - Yes

CALLER - Explain how the Federal Reserve System can be Constitutional if, only the Congress of the U.S., 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 legal department.

CALLER - I can tell you I have read the Constitution. It does NOT provide that any power granted can be transferred to a private corporation. Doesn't it specifically state, all other powers not granted are reserved to the States and to the 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 Supreme Court?

MR. SUPINSKI - I believe there has been court cases on the matter.

CALLER - Have they 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. Schechter Poultry Corp. vs. U.S. and Carter vs. Carter Coal Co. the corporative-state 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 Co.]

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 a solution.

CALLER - What is the solution?

MR. SUPINSKI - The Debit Card.

CALLER - Do you mean under the E.F.T. Act (Electronic Funds Transfer)? Isn't 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 E.F.T. they will literally know everything about us. Isn't that kind of scary?

MR. 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 bankers?

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?

MR. 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 good.

CALLER - Have a good day and thanks for your time.

MR. SUPINSKI - Thanks for calling.
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Postby Nesaie » Fri Nov 13, 2009 3:18 pm

Well, Supinski was a real person who worked for the San Francisco federal reserve. Here is his obit.

http://www.allbusiness.com/government/g ... 353-1.html

OBIT/Ronald S. Supinski passes.
Publication: Business Wire
Date: Monday, July 24 1995
You are viewing page 1

MILL VALLEY, Calif.--(BUSINESS WIRE)--July 24, 1995--Ronald S. Supinski, Manager of Media Relations at the Federal Reserve Bank of San Francisco and former longtime newsman, died yesterday at home in Mill Valley. He was 62. Cause of death was pancreatic cancer.

He joined the Federal Reserve
Bank in 1980. He was former Director of Public Relations at Golden Gate Fields, Albany, Calif., and was a newsman with United Press International from 1960 to 1973, having served as Bureau Manager in Tucson from 1963 to 1967.

He began his career as a sports writer for the Tucson (Arizona) Daily Citizen and continued writing on sports while with UPI participating in coverage of the Oakland Athletics, San Francisco Giants, and Oakland Raiders.

A native of Holyoke, Mass., he served in the U.S. Army in Germany from 1952 to 1954 and received a B.A. in Journalism with honors from Bowling Green (Ohio) State University.

Survivors include his wife, Katie; daughters Karen (Mrs. Scott) Barnes of Novato and Kathryn Supinski of Sacramento; his son, Michael of Bielefeld, Germany, and two daughters from a previous marriage, Maura Supinski of West Springfield, Mass., and Susan Supinski, of San Diego, CA.

A Memorial Service is pending. Memorial contributions may be made to Hospice of Marin or the American Cancer Society.

CONTACT: Federal Reserve Bank of San Francisco

Sandra Conlan, 415/974-3231
Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen... - Zbigniew Brezhinsky
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Postby gudskepteacal » Sat Nov 14, 2009 1:56 am

Nice post Dibs, but I don't know if that is a transcript of an actual conversation or not. The facts and ideas described in it are confirmed in these two pages...

http://www.nccs.net/monetary_reform2.html

http://www.themoneymasters.com/quotations.htm

If every American would just read and understand what this information is saying then we would have a fighting chance against the coming socialist agenda. Unfortunately, for far too many, the only information they are interested in is 'who won the game' or 'did you here the latest about Britney'. Education has been replaced by indoctrination and debate has been replaced by name-calling and one-upmanship. Slow but steady infiltration has succeded where a terrible civil war, two world wars, and terrorist attacks have failed. :cry:
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." - James Madison
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Postby Dibs » Sun Nov 15, 2009 12:54 am

That's actually why I was looking for a source.

I'm not so sure it's socialist, more of an oligarchy, but considering the difference between definition and connotation, it's really kind of tomato ....um, tomahto?

(had to write it weird so it'd sound right because when you write it the pronunciation is the same.)
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Postby Nesaie » Sat Nov 21, 2009 11:38 am

Thanks for the links gudskepteacal. I'll check them out.

Personally, I like to call this illegitimate government fascist. Or sometimes commie. The neo-cons weren't new or conservative. They have the same agenda as the commies and fascists. Now they call themselves "progressive democrats". It makes me want to puke.

We lost the cold war and McCarthy was right. :(
Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen... - Zbigniew Brezhinsky
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Postby screamzero » Mon Dec 14, 2009 8:25 am

Nesaie wrote:Thanks for the links gudskepteacal. I'll check them out.

Personally, I like to call this illegitimate government fascist. Or sometimes commie. The neo-cons weren't new or conservative. They have the same agenda as the commies and fascists. Now they call themselves "progressive democrats". It makes me want to puke.

We lost the cold war and McCarthy was right. :(


Sometimes your so damn silly. We won the cold war; McCarthy was a nut and what
you know of conservative principles you could encapsulate in the libertarian party...which
is a good start for you.

Our gov has a bunch of democratic socialists in it today; these clowns will make this
place a fascism because of the centralization of power that's happening.

Put the damn drink down, this is serious sh*t.
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Postby Nesaie » Mon Dec 14, 2009 11:51 pm

Go back to reading Trotsky, Strauss, and Mao screamer.
Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen... - Zbigniew Brezhinsky
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