More Annoying Acronyms “…In Plain English”

If you read Thursday’s email you got a sample of Wall Street’s secret language hidden in what we call “Annoying Acronyms.”

Here’s a few more:

FRN = Federal Reserve Note

Remember when our dollars had the words “Silver Certificate” written across the top of them? Back then it meant that your dollar was backed by silver.

Today, your dollar is backed by the “Full Faith and Credit of The Federal Reserve.”

Which links us to several other Annoying Acronyms:

FED = Federal Reserve.

First, the Federal Reserve is NOT a government agency.

The Federal Reserve System (aka The Federal Reserve or The Fed) was officially created by congress on 12/23/1913 as the Central Bank of the United States.  In reality it was created by a handful of bankers (led by John Pierpont Morgan) who secretly met on Jekyll Island in November 1910.

The idea of having a central bank was the first step in surrendering our nations freedom to a handful of powerful men.

Again, the FED is NOT federally insured.  Its’ officers are appointed by the standing president of the US and are known as the Board of Governors or:

FRB = Federal Reserve Board

The money policies you read about (such as ZIRP) are established by the:

FOMC = Federal Open Market Committee

They research and publish economic data through:

FRED = Federal Reserve Economic Data

So, when you read about the FED, FRB, FOMC, and FRED, you’re basically dealing with a small group of very powerful people whose actions affect your FRN’s (see above).

Currently the FED is carrying over $4.5 Trillion of debt in FRN’s…and they can’t pay it back without collapsing the markets.

How’s that for the “Full Faith and Credit” of the Federal Reserve?

Learn how to use Wall Street’s Secret Language to make money like the pros.  (Click HERE)

And take advantage of our FREE access to more Annoying Acronyms at this link: