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
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.
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?
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
- Bank of America
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.
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.