The Government Does not Own The FEDERAL RESERVE BANK

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  1. profile image0
    awesome77posted 7 years ago

    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.

    http://www.apfn.org/apfn/fed_reserve.htm

  2. Misha profile image73
    Mishaposted 7 years ago

    Of course not. Fed owns the government smile

  3. Evan G Rogers profile image75
    Evan G Rogersposted 7 years ago

    Indeed.

    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.

    1. profile image0
      awesome77posted 7 years agoin reply to this

      thanks, will look into it! I love to read! Especially Books on theories of the govt and the many tricks of the wealthy!

 
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