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The Most Appalling and Powerful Federal Government Lie - Who Really Owns the Federal Reserve?

Updated on November 9, 2011

The Federal Reserve Member Banks

The 12 Federal Reserve Member Banks
The 12 Federal Reserve Member Banks

Abolish the Federal Reserve Bank and Save America!

Our Forefathers warned of the corruptions and problems with establishing a Central Bank

Thomas Jefferson

"I believe that banking institutions are more dangerous to our liberties than standing armies.Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people towhom it properly belongs." — Thomas Jefferson, U.S. President.

Andrew Jackson

"If Congress has the right [it doesn't] to issue paper money [currency], it was given to them to be used by...[the government] and not to be delegated to individuals or corporations" — President Andrew Jackson, Vetoed Bank Bill of 1836

James Madison

"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 it's issuance." — James Madison

If you do not as a citizen of the United States of America understand how the system works and who it benefits, then how can you possibly expect to elect the right people to serve your own interests?

"I have never seen more Senators express discontent with their jobs....I think the major cause is that, deep down in our hearts, we have been accomplices in doing something terrible and unforgivable to our wonderful country. Deep down in our heart, we know that we have given our children a legacy of bankruptcy. We have defrauded our country to get ourselves elected." — John Danforth (R-Mo)

"We are completely dependant on the commercial banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system.... It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon." — Robert H. Hamphill, Atlanta Federal Reserve Bank

"When you or I write a check there must be sufficient funds in out account to cover the check, but when the Federal Reserve writes a check there is no bank deposit on which that check is drawn. When the Federal Reserve writes a check, it is creating money." — Putting it simply, Boston Federal Reserve Bank

Here we have the biggest and most painful lie perpetrated on the American Public The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects.


Well I’ll be damned according to the Government nobody owns the Federal Reserve. Nobody! That’s really interesting.

Now lets follow along with the Government Propaganda Machine

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership."

Oh okay so they are organized like private corporations, but nobody owns them. Wait it gets better.

Reserve Banks issue shares of stock to member banks

Member Banks? So we have stock shares issued ot “Member Banks”. And who owns these Member Banks and why do they need stock? Following along yet?

The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

The mysterious Member Banks are “not for profit”… but they are guaranteed a rate of return on their stock investment of 6%. Why? Why are these “Member Banks” paid a guaranteed rate of 6%? How can you own stock in a company, and get paid for ownership of that stock, and yet… wait… nobody owns the Federal Reserve?

How the He** Does the Federal Government Get Away with this Lie?

How about a little disclosure here to the public? Who owns these “Reserve Banks”. Can we see their books? What are their operating expenses? How much does their CEO make? Who the He** is the CEO? None of this information is made public! These are the secret bankers. And they have all the money they could ever want given directly to them by law! There is not accountability and no requirement to disclose anything. It’s all a secret!

The 12 Member banks are Privately Owned. But wait, nobody owns the Federal Reserve right? Well I can tell you who sure as He** doesn’t own the Federal Reserve/Central Bank and that is the Federal Government! And that means that your tax dollars are feeding private wealthy bankers who do not have to be accountable for anything! It’s quite a system these secret bankers have set up so they can live like royalty off the American People.

Lets Dig a Little Deeper – and Why the Bailout Money all Went to Wall Street

Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank's district. Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president. Mullins reported that the top eight stockholders of the New York Fed were, in order from largest to smallest as of 1983, Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York (Mullins, p. 179). Together, these banks owned about 63 percent of the New York Fed's outstanding stock. Mullins then showed that many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy. Mullins explained,

'... The most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic since its very inception. The power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled from England, and so it is today' (Mullins, p. 47-48).

He further commented that the day the Federal Reserve Act was passed, "the Constitution ceased to be the governing covenant of the American people, and our liberties were handed over to a small group of international bankers" (Ibid, p. 29).

Why all the secrecy? Do you still believe nobody owns the Federal Reserve?

The Federal Reserve System was Put in Place By Bankers, for Bankers

There Federal Reserve System provides ZERO benefit to the American People! The Federal Reserve has not ever (Remember the Great Depression) nor will it ever benefit the people! The Federal Reserve does not stabilize the economy. The Federal Reserve only benefits the SECRET WEALTHY ELITE who own and operate the System.

It’s time to abolish the CENTRAL BANK and give the benefits of the power of the United States Economy back to the people! The United States functioned just fine before the Central Bank was put into place! In fact the Central Bank has done nothing to help the people that feed it with their tax dollars!

It’s going to be a he** of a battle to get rid of the Federal Reserve as the people in power will fight it to the death of the people. But it has to be done. The day of a Wealthy Ruling Class controlling OUR Government has got to end! Politicians are not going to come clean on the Truth!

You are Being Lied to … Over and Over. Wake Up!

"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild

"Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States" — Sen. Barry Goldwater (Rep.AR)

"The Federal Reserve banks are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the International bankers — Congressman Louis T. McFadden (Rep.Pa)

"Some people think the Federal Reserve Banks are the United States government's institutions.They are not government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign swindlers" — Congressional Record 12595-12603 — Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years) June 10, 1932

"The Federal Reserve bank buys government bonds without one penny..." — Congressman Wright Patman, Congressional Record, Sept 30, 1941

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it". — Congressman Louis T. McFadden in 1932 (Rep.Pa)

"The regional Federal Reserve banks are not government agencies. ...but are independent privately owned and locally controlled corporations." — Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982

Some of Our Elected Officials do “Get it”. Why can the voice of these officials be heard? Because it is drown out and beaten down by Politicians who are privy to the resources of the Wealthy Elite. Bought and sold!

You really have to look past Republican and Democrat and vote for people who truly understand how the Federal Reserve has destroyed the American Dream.

Please read the speech posted on the House of Representatives Website in 2002 by Ron Paul - someone who understands how the Federal Reserve Banking System has destroyed our economy:


Submit a Comment
  • Nalini Marquez profile image

    Nalini Marquez 

    7 years ago

    This was an excellent Hub. Thank you for sharing the information!

  • daskittlez69 profile image


    8 years ago from midwest

    Another great article. Thanks for the hub!

  • Jed Fisher profile image

    Jed Fisher 

    8 years ago from Oklahoma

    Buy gold, silver, guns and ammo. And vote the bums out...

  • christine almaraz profile image

    christine almaraz 

    9 years ago from colorado springs

    Great hub, well written and informative.

  • dugger62 profile image

    Deborah Dugger 

    9 years ago from Colorado

    Excellent Hub Mike! As for the Federal Reserve- maybe people ought to check out that (HJR 192)! Yes, what people doesn't no- or maybe some do and are keeping it HUSH - HUSH, like shhhh don't say a word- But if they research the above-- they will find that U.S. GOV. issues (IOU) Debit Bonds to the Federal Reserve- the Federal Reserve in turn- issues (IOUs) Credit Federal Reserve NOTES (what we call the green back dollars)

    Attention PLEASE: All wal-mart shopper please gather around and give me your attention:


    Wait- don't run out the door yet! I'm not finished- You can research House Joint Resolution 192 when I'm finished.

    You can NOT pay a debt- with a debt! Got that? So, please remember this when a BIG RAT with over stuffed pockets tries to take something from you! Use this information for your protection!!!

  • sheila b. profile image

    sheila b. 

    9 years ago

    Before I clicked on it, I figured the speech would be by Ron Paul. There's only one problem with him politically - he's not electable nationwise. He doesn't have charisma, and that's what most voters look for.

  • pjk_artist profile image


    9 years ago from Turkey Point, ON

    Not many people new about this until the internet came out. I've always wondered why they let and continue to let this happen.

  • bgamall profile image

    Gary Anderson 

    9 years ago from Las Vegas, Nevada

    Nice site. We can keep the pressure on and educate the people.

  • Pamela99 profile image

    Pamela Oglesby 

    9 years ago from Sunny Florida

    Excellent article. I didn't know a lot of that information and I try to stay informed.

  • ehern33 profile image


    9 years ago

    Follow the money and that is where the real power is.Great info here.


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