ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Who Owns Your Money?

Updated on March 2, 2013

Is it really yours?

Bills, bills, bills.........
Bills, bills, bills......... | Source

Not You

Firstly, a dollar bill is just a promissory note, an IOU. It is a promise to pay the holder the value of one dollar. It is easy to use but the dollar bill remains the property of the people that printed it. In the United States it is the Federal Reserve.

The Federal Reserve is not Government.

The Federal Reserve is comprised of 12 Banks, represented by a board of 7 people.

These Banks are owned by shareholders.

Major shareholders in all these Banks are a group of 4 companies; I will call them the “big four”.

The big four are: State Street Corporation, Vanguard Group, BlackRock and FMR [Fidelity].

These companies are major shareholders in the top ten financial groups in the US: Bank of America, JP Morgan, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley and others.

So the big four not only have representatives on the boards of all the major US financial Corporations but also on the board of the Fed.

Parts of the big four

McDonald's | Source
NBC Universal Building
NBC Universal Building | Source

Life Style

The big four are not only major shareholders in financial groups; they are also major shareholders in companies that have other influences in your life: Boeing Co., Coca-Cola Co., DuPont, Exxon Mobile Corp., General Electric Co., and General Motors Corporation.

They hold influence in your telecommunications being major shareholders in AT&T Inc., Hewlett Packard, Honeywell International Inc., Intel Corp., Microsoft Corp. and Verizon Communications Corp.

The list goes on: Home Depot Inc., Johnson & Johnson, Wal-Mart Stores Inc. and McDonalds Corp.

If you didn’t know any of this, it is probably because the big four are also major shareholders in many of the news sources: Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corporation, CBS Corporation and NBC Universal.

International In fluence

World Bank Buildings
World Bank Buildings | Source


The big fours influence does not just stop in the US though.

They also have controlling interests in some of the tax havens in the Cayman Islands, Monaco and also in the legal Shell companies of Liechtenstein.

Representatives who run international institutes such as the IMF, Central European Bank and the World Bank were trained by and are probably still paid by the big four.

So, you don’t own your money; at best you just borrow it.

The big four have more influence on your life than the elected government which in turn is influenced greatly by them.

It is easy to find out the information on the big four companies but you will never know the names of the actual people that own them and hold the influence on your life, let alone get to vote on them. Well I guess that is the reality of democracy at work.

When it comes to the US deficit, who will pay it?

You can bet your borrowed dollar that it will not be the “big four”.


    0 of 8192 characters used
    Post Comment
    • jtrader profile image


      7 years ago

      People need to know how financial systems work in order to have an impact. Thanks for sharing. Voted up!

    • Storytellersrus profile image


      9 years ago from Stepping past clutter

      I agree with Peter. Voted up.

    • PETER LUMETTA profile image


      9 years ago from KENAI, ALAKSA

      Rafken, you have exposed the 1% that the world is protesting about. Their grip is tight and their arm is long. I was surprised to see the EU get the banks to take a loss on Greek bonds, not a lot but something they never do. Maybe we have a chance. Thanks for the enlightening essay,


    • profile image


      9 years ago

      I find this very interesting, and I suppose it's the same over here and this is why no government makes a real attempt to reign the banks in: they can't, the banks own them. What a world eh? God article so voted BOB


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)