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To: wesagain

The NY Federal Reserve is the real brain center and interest rate setting center of the Federale Reserve. The Federale Reserve HQ in DC is a political arm that tries to keep Congress and the President happy, has thousands laboring away on useless research. It is an employment hiring hall for the usual affirmative action suspects. Gays, women, blacks, Aleutian Islanders, Samoans, fresh off the boat immigrants who happen to have brown or darker skin etc etc

The people who the NY Federale Reserve answers to and acts for -— Its money center member banks such as Goldman, Chase, Citi etc that own stock in it.
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Who Owns the Federal Reserve Bank of New York?

Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank’s district. Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president. Mullins reported that the top eight stockholders of the New York Fed were, in order from largest to smallest as of 1983, Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York (Mullins, p. 179). Together, these banks owned about 63 percent of the New York Fed’s outstanding stock. Mullins then showed that many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy. Mullins explained,
http://www.usagold.com/federalreserve.html


9 posted on 10/10/2012 5:27:15 AM PDT by dennisw (Government be yo mamma - Re-elect Barack Obama)
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To: dennisw
At the bottom of that article:

Conclusion

It does not appear that the New York Federal Reserve Bank is owned, either directly or indirectly, by foreigners. Neither Mullins nor Kah provided verifiable sources for their allegations, nor did their mysterious sources agree on exactly who owns the New York Federal Reserve Bank. Moreover, their central assumption that control of the New York Federal Reserve is the same as control of the whole System is wrong and demonstrates a lack of understanding of the System's basic organizational structure. The profits of the Federal Reserve System, again contrary to the assertion of Kah and Schauf, are funneled back to the federal government, not to an "international banking elite." If the U.S. central bank is in the grip of a banking conspiracy, then Mullins and Kah have certainly not uncovered it.

17 posted on 10/10/2012 7:19:40 AM PDT by pilipo (GOP=Gutless Old Party)
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To: dennisw
At the bottom of that article:

Conclusion

It does not appear that the New York Federal Reserve Bank is owned, either directly or indirectly, by foreigners. Neither Mullins nor Kah provided verifiable sources for their allegations, nor did their mysterious sources agree on exactly who owns the New York Federal Reserve Bank. Moreover, their central assumption that control of the New York Federal Reserve is the same as control of the whole System is wrong and demonstrates a lack of understanding of the System's basic organizational structure. The profits of the Federal Reserve System, again contrary to the assertion of Kah and Schauf, are funneled back to the federal government, not to an "international banking elite." If the U.S. central bank is in the grip of a banking conspiracy, then Mullins and Kah have certainly not uncovered it.

18 posted on 10/10/2012 7:22:57 AM PDT by pilipo (GOP=Gutless Old Party)
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