Truth About Federal Reserve System

Federal Reserve System? We hear this word very often. It's even printed on our paper money. On the very top of each dollar, we shall see Federal Reserve Note. It's obvious to us that Federal Reserve System has the right to issue US dollars. It's must be a financial division of US Treasury or sth, at least under US Government's control. Right? You might be shocked by the truth. Let's go for the truth.

Truth You Need to Learn

US Federal Reserve System
US Federal Reserve System

Learn the Truth About Federal Reserve System

Federal Reserve System on Wikipedia.org

You might think Federal Reserve Bank is the central bank of USA that belongs to the US Treasury, or it won't have to right to issue the most powerful currency of the world, the US Dollars.

  • Why it is not named Central Bank of USA? Because it sounds stupid or something?

No. The reason for that is It's a private bank. How could a private bank be named the Central Bank? The Federal Reserve Bank sounds not like a central bank's name, and it is not. But it has the right to issue the US Dollars.

Why???

We can see that clearly from the info. from the page on wikipedia that

Federal Reserve System/ Bank is a private bank.

America: Freedom to Fascism (2006)

From this great Documentary Movie, you'll learn great facts about FRB.

Current list of primary dealers of FRB

As of February 11, 2009 according to the Federal Reserve Bank of New York the list includes:

  • BNP Paribas Securities Corp.
  • Bank of America Securities LLC
  • Barclays Capital Inc.
  • Cantor Fitzgerald & Co.
  • Citigroup Global Markets Inc.
  • Credit Suisse Securities (USA) LLC
  • Daiwa Securities America Inc.
  • Deutsche Bank Securities Inc.
  • Dresdner Kleinwort Securities LLC.
  • Goldman, Sachs & Co.
  • Greenwich Capital Markets Inc.
  • HSBC Securities (USA) Inc.
  • J. P. Morgan Securities Inc.
  • Mizuho Securities USA Inc.
  • Morgan Stanley & Co. Incorporated
  • UBS Securities LLC.

Shocked by the Truth?

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Truth About Federal Reserve System
Truth About Federal Reserve System

Who Owns Federal Reserve System

I remember that the US Government only has a share of 14% of the FRB. The biggest share holders, or the real owners are the companies listed above. They are all thru the world.

Who are the leaders?

  • Goldeman Sachs
  • Morgan Stanley
  • Credit Suisse
  • UBS
  • Bank of America
  • HSBC

Is there any good?
Is there any good?

Why They Do this?

From the article on the wikipedia, you'll learn it took the international bankers dozens of years to make their dream come true, to establish this Federal Reserve System. They made it. The funny thing is, we ordinary people have no clue of all these, not mention why they do this.Well, I think it's easier for you to directly watch the movie America: Freedom to Fascism.

When the US government needs money, they ask the Congress for approval of the issuance of the treasury bonds. When approved, the treasury bonds will be auctioned. The Federal Reserve System always like to buy the treasury bonds which are left after the auction was done.

  • Where does the FRB get the money?

They print the money, the Federal Reserve Note, which is the Legal US Dollars.

  • Is that gonna cause any financial chaos?

Definitely not. The US Government will finally buy their bonds back by using the tax as the collarteral. And the FRB is gonna burn the green paper down when US Government pays off their debt. Everything seems perfect.

  • How Does the FRB Profit?

They can wait for the bond interests after purchasing the treasury bond by printing money that costs nothing. More importantly, zero risk. Annual ROI is expected to be 5%. That's good enough for zero risk, zero investment business.

Conclusion

After reading this hub thru, you might get an answer to why the international bankers are struggling for this FRB to be established and well maintained. That's nothing but the truth. And you should learn the truth.

Truth You Need to Learn

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Comments 8 comments

Mike 23 months ago

there is a bit more. the Dust bowl was a major hit to the agricultural side of the ecnoomy, in accordance with the other aspect of the ecnoomy, wall street. it was a double hit with banks losing their money and massive relocation of the agricultural sector to find work elsewhere. with very little money in circulation merchants suffered from deflation, which is the price of their merchandise falling so they cant make ends meet either. so unemployment way up, without banks ability to loan, and no $ in circulation. the war saved us because it allowed the gov't to contract work out to factories. but after the war it got bad again because mostly all the factories where suited for making military stuff which wasn't needed any more, then we have Roosevelt and the "new deal" in order to get people jobs. Was this answer helpful?


Pranvendra 23 months ago

The Great Depression was not a sudden total copallse. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929. Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the northern summer of 1930.In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing. By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worst in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the American economy was the motor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, like the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the copallse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933. Was this answer helpful?


jgibbs1790 6 years ago

I have found that the Federal Reserve is not in the interest of the people. These main shareholders are large corporation owners. The Federal Reserve should be abolished. The American people have been distracted from life with a materialized economy that we are forced to worship.

From my research paper on the Federal Reserve "Our forefathers didn’t just make a [supposedly] impermeable defense against banking and money corruption for no reason. They had experience in the ways of dastardly bankers and greedy money manipulators. The Currency Act of 1751 and 1764 were among the prime grievances noted by the First Continental Congress in 1774. The colonies ability circulate their own paper money was necessary to the colonial economies. The crown, however, wanted to see the colonies using their standard currency created by the Bank of England. When the parliament passed these currency acts, it caused a terrible recession among the colonies. Most irritating to these colonists were the problems it caused in the name of taxation. The colonists were busy circulating colonial scrip, their form of currency, for years. The currency acts prevented the colonists from paying taxes. While the public debt clause of these acts was quickly pulled, the private debt –meaning merchants- was not repealed. The colonists had no way to pay for their basic necessities, but plenty of money to pay for taxes."



MikeNV profile image

MikeNV 7 years ago from Henderson, NV

I'm not a big fan of Wikipedia but anything and anyone that can bring to light the fraud perpetrated on the people by the Federal Reserve Bank should be applauded.


wARtist profile image

wARtist 7 years ago from China Author

Hi, Panda Man. I do get those info from somewhere. While I knew this info years ago. I just picked some well-organized info from some sites like maybe Wikipedia.

How much do you know about this? The order of the world?

I recommend you read sth about this and maybe keep an eye on my related hubs. Don't rush to judgment! I am not cynical.

I felt this maybe 12 years ago. I felt something was strange. While I couldn't tell why. Now everything is clear. Clear enough to get everything uncovered.

Hope you like it. Or forget about it!


Pamda Man profile image

Pamda Man 7 years ago from Pandaland

And you got these information from wikipedia. I just want to remind you that nothing is absolute and please, do not say that the US is the greatest.


wARtist profile image

wARtist 7 years ago from China Author

Have You Ever Heard of this kinda thing? What do you think of it?

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