Yes, it would come as shock to the un-informed that the govt does not own the FEDERAL RESERVE BANK
The FEDERAL RESERVE BANK is a private company that allows the president to appoint 7 members (usually pushed by bankers) to it's board of directors with senate confirmation!
The major banks own the FEDERAL RESERVE BANK. This arrangement is clearly against the constitution. You need to read about this fraud
The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison.
The FED banking system collects billions of dollars in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED.
The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest.
For those interested further in the Federal Reserve and the dangers of our economic system, check out my Hubs.
Also, mises.org is a fantastic place to discover more about sound economic theory.
Awesome77 might be interested in the book "Economics in One Lesson" by Henry Hazlitt - I highly recommend everyone read this book.
by Wesman Todd Shaw5 years ago
It's all so simple, really, and a wicked man stated long, long ago that it never mattered who a king was - so long as he controlled the currency - he was lord and master.http://auditthefedphonebomb.com/bailout …...
by Gary Anderson7 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. ...
by Matthew P Holbert3 years ago
As above so below.From this perspective, the world is a heaven or a hell depending on how you look at it, and more importantly the steps you take to change things. One of the first and best places to change is the...
by rakuba6 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by fishskinfreak20086 years ago
Web-site/URL: http://news.yahoo.com/s/huffpost/201002 … UtY2xhc3M-More evidence that the worst recession since World War II is still NOT over and won't be until we see some spending and there is a TRUE drop in...
by GA Anderson2 years ago
Here is what the Federal Reserve describes as its charter:" The Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was...
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