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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”.


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    • jtrader profile image

      jtrader 3 years ago

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

    • Storytellersrus profile image

      Barbara 6 years ago from Stepping past clutter

      I agree with Peter. Voted up.

    • PETER LUMETTA profile image

      PETER LUMETTA 6 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

      diogenes 6 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