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 Shaw 7 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 … rillion-2/
by tonybeck 7 years ago
Why is the Federal Reserve allowed pretend to be part of our government? It's a private bank!The world bankers have used the Federal Reserve to facilitate the downfall of the U.S. I like the analogy that says the Fed is about as federal as FedEx. It sucks, but our presidents and...
by Eric L. Andrews 6 years ago
I don't know and given it controls our economy and banking system I would welcome some insight.
by D.Juris Stetser 5 years ago
Where does 'The Fed" ( the Federal Reserve Bank), get its power from?
by backporchstories 6 years ago
With the record sweeping heat spreading thoughout the US and drying the land at a fast pace, do you feel confident in your water supply? Some cities are on the verge of rationing water consumption, that have never gone through this step in the past. How is the water in your area and do...
by pgrundy 8 years ago
Saw this in the NYT this morning:http://www.nytimes.com/2009/12/01/busin … g.html?hpwBasically, after getting billions handed to them on a silver platter, it turns out they have not been maintaining appropriate reserves to pay their claims for the past decade. This isn't just in the small...
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