Quotealex

The Federal Reserve is neither federal nor a reserve. It is not part of the US government but a private bank own by private stock holders. Interesting facts.

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Got a link?

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aico

On December 23, 1913, the Federal Reserve System, which serves as the nation's central bank, was created by an act of Congress. The System consists of a seven member Board of Governors with headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States.

http://www.federalreserve.gov

Blizzard

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Quotealex

http://www.wealth4freedom.com/truth/2/moneymasters.htm but you'll have to view the document for the facts.

BoNgHiTtA

Money shouldn't be tied to politics. The federal reserve is actually a very independant and well thought up system.

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Quotealex

LOL. Well though up for whom.

jjjay

according to conspiracy theory websites, the bank of england controls the fed from behind the scenes

Quotealex

Maybe but there's no conspiracy about the federal reserves not being owned by the US government.

CheneyRumsfeld

Allen Greenspan rules

crockett

Yes President Wilson ruined this country when he signed that into action..

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CheneyRumsfeld

so when is the "ruin" going to happen?
that was a long time ago!

Manowar

"soon"

Quotealex

Perhaps not a ruin but it did enslaved the US population with never ending taxes and debts

crockett

bingo.. Even Wilson himself later thought he had doomed the nation..

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Sarah_Jayne

For some reason I imaged you are Linda Richman as you said that.

WhoGivesaShit

you stupid dumbfuck the federal reserve controls interest rates not taxes

Love Sex

hes canadian

sltr

the federal reserve DOES handle the international trade tariffs/taxations for canadia, that's prolly why he's all mad, he's from montreal, lots of taxation there the fed does. plus the federal reserve has intentionally over-inflated the monetary conversions b/w unites states and canadia

kenny

The US national debt is nothing more then the interest we owe to that company

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Quotealex

You don't get it do you? What do you think part of the taxes are used for?

kenny

The first misconception that most people have is that the Federal Reserve Bank is a branch of the US government. IT IS NOT. THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Most people believe it is as American as the Constitution. THE FACT IS THE CONSTITUTION FORBIDS IT'S EXISTENCE. Article 1, Section 8 of the Constitution states that Congress shall have the power to create money and regulate the value thereof, NOT A BUNCH OF INTERNATIONAL BANKERS! Today the FED controls and profits by printing WORTHLESS PAPER, called money, through the Treasury, regulating its value, AND THE BIGGEST OUTRAGE OF ALL, COLLECTING INTEREST ON IT! (THE SO-CALLED NATIONAL DEBT). 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. Many Congressmen and Presidents say this is fraud. Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed: 1. Rothschild Bank of London 2. Warburg Bank of Hamburg 3. Rothschild Bank of Berlin 4. Lehman Brothers of New York 5. Lazard Brothers of Paris 6. Kuhn Loeb Bank of New York 7. Israel Moses Seif Banks of Italy 8. Goldman, Sachs of New York 9. Warburg Bank of Amsterdam 10. Chase Manhattan Bank of New York.

These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America where our forefathers were fighting their own government, they planned to control us by controlling our banking system, the printing of our money, and our debt. The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank: First National Bank of New York, James Stillman National City Bank, New York, Mary W. Harnman, National Bank of Commerce, New York, A.D. Jiullard Hanover, National Bank, New York, Jacob Schiff, Chase National Bank, New York, Thomas F. Ryan, Paul Warburg, William Rockefeller, Levi P. Morton, M.T. Pyne, George F. Baker, Percy Pyne, Mrs. G.F. St. George, J.W. Sterling, Katherine St. George, H.P. Davidson, J.P. Morgan (Equitable Life/Mutual Life), Edith Brevour, T. Baker.

How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson's campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation. When elected, Wilson passed the FED. Later, Wilson remorsefully replied, referring to the FED, "I have unwittingly ruined my country". Now the banks financially back sympathetic candidates. Not surprisingly, most of these candidates are elected.


http://www.geocities.com/northstarzone/FED.html

It's Geo cities I know but it's interesting

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Quotealex

And these bankers biggest fraud IMO is the fractional banking system.

kenny

This is probably linked to the illuminati - lol

They monopolized money

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kenny

I wish I had some of that stock. You know it's guaranteed because the company controls the money

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jjjay

seriously, who gives a fuck

a canadian ranting about a US institution. get a life, please

Brujah

Source: Wikipedia

On October 24, 2005, President Bush nominated Ben Bernanke to replace Greenspan as Chairman. Greenspan retires on January 31, 2006, after 18 years as Chairman.

The 7 members of the board are appointed by the President and confirmed by the Senate. Members are elected to terms of 14 years, with the ability to serve for no more than one term.

Conspiracy Confusion?
The twelve regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized much like private corporationshahaha8212;possibly leading to some confusion about hahaha8220;ownership.hahaha8221; For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold or traded or pledged as security for a loan; dividends are, by law, limited to 6 percent per year.

The dividends paid to member banks are considered partial compensation for the lack of interest paid on member banks' required reserves held at the Fed. By law, banks in the United States must maintain fractional reserves, most of which are kept on account at the Fed. The Federal Reserve does not pay interest on these funds.

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kenny

I still think there is a conspiracy tied up in there some way or another - lol

http://www.afn.org/~govern/fraud.html

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Quotealex

LOL. The US influences the rest of the world, especially Canada. I should be ranting.

jjjay

if the fed is government owned or not makes no difference to me

and - even if it did there's nothing you or I can do about it, so don't worry about it. spend your time building your business instead and you'll be happier, instead of worrying about economic bogey men

Quotealex

But the "economic bogey men" influence how my business is run. What if these "economic bogey men" decide to call up my loan and tighten my customers access to credit, my business will be screwed...

sltr

aren't u one of the whiners re: the united states government too?

u just wanna bitch about america.


lame really

Quotealex

Not really. I'm cool with the US, up to a point of course.

jjjay

here's the bottom line:

you can not do anything about it. you're not influencing anyone here. all you're doing is giving yourself something to worry about.

if that floats your boat, so be it

Quotealex

What's with this defeatism! We can change things if we put our mind into it.

jjjay

no you can't. stop lying to yourself that you can. the only thing you can change is your own life.

sltr

so what is your idea for a better system?

kenny

http://www.usagold.com/FederalReserve.html

Its interesting reading about it

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Quotealex

Simple. Create your own debt free page money and get rid of the fractional banking system.

sumphatpimp

if you have a sig get it in here.
this silly bullshit will go on for days.
you will get mad views, and a few signups too.

sltr

nice and simple!


easy to implement too

jjjay

proof of this is two million marching against the war in london. made no difference.

whining to people doesn't change anything. if you want to change things, get money and power and change things through the system.

people far more powerful than you have it in their interests to keep things as they are.

Quotealex

page = paper

AlienQ - BANNED FOR LIFE

I invented the Federal Reserve.

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sltr

the first problem u will have with your new system is linking money to paper

Matt 26z

What's this I recently heard about them no longer reporting how much money is printed?

Quotealex

I thought money was actually nothing more than paper. But if you want it can also be anything else you want, stick, silver, shell, etc. Just don't use or back it up with gold.

sltr

money is an electronic blip on a network, paper just makes it easier for the masses to understand

sltr

money has not been backed by gold for quite some time now