[R.W.Ratikal]

Some questions never asked or answered about the Federal Reserve System:

1. Who owns the member banks of the Fed/Reserve?

2. Since our money is not backed by anything of intrinsic value, what purpose does the gold reserve in Ft. Knox serve?

3. It is said that the Fed/Res is a “quasi” governmental institution. Which part is governmental?

4. If the Chairman of the Fed/Res decides to raise or lower interest rates, can anyone say no to him?

5. Foreign holders of dollars can exchange them for gold. Why can’t U.S. citizens do the same?

6. What causes inflation?

7. The President appoints the Chairman of the Fed/Res but who picks the nominee?

8. Why must the money be processed through the Fed/Res?

9. Who sets the amount of money a bank must hold in surplus assets?

[palmer]

5. Foreign holders of dollars can exchange them for gold. Why can't U.S. citizens do the same?

What is the date on those questions?

[RightWhale]

Fed/Res is a “quasi” governmental institution

It is a state institution, like all institutions including government.