Posted on 10/01/2013 9:38:18 AM PDT by george76
Did the government "take" the $89 billion?
Washington could never have envisioned these kind of “foreign entanglements”, and disregard of US sovereignty.
The Fed is not foreign, so Washington would probably shake his head at your confusion.
Literalism— wonderful trait.
Most assuredly the Fed is a foreign entwined entity (and FRiend if you don’t believe that you must look up the secret funding by the Fed to prop up the European banks— which was not disclosed to the supposed Congress oversight but was exposed by brave leakers-— true patriots). Such great faith in MIT algorithms for derivatives of no intrinsic value and bubbles of funny money and fake exchanges (can you say carbon credits, ala Golden Slacks?).
There are so many eating at the electronic trough (the funny money Wall Street fakirs) who are threatened by the notion that we as a sovereign nation have the capacity to take back our currency by simple leadership and patriotic will of the people, that it is a pitiful echo chamber— a bandarlog. A page from Nero’s history, indeed.
When this has been done in the past these threatened parties attempted to murder the leadership, and some say— did murder one leader.
Washington would understand me quite well, just as he understood Hamilton (who also understood the need for sovereign control and the potential for a shadow govt. even as he worked to repay our Revolutionary debt). The charter of the Fed is set to expire on December 23 of this year— and the dance, threats, fears and frauds are ratcheting up. Think of the beauty of not renewing it.
bump
You crack me up.
I don't care if you deny it, it's cold hard math.
If you had one, you'd post it.
Why bother, your mind is made up. If you had an iota of intelltual curiosity you would have looked it up yourself and wouldn't have bothered to keep arguing a case where you are clearly mistaken.
The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress.
An independent government agency although it's employees are not considered government employees? A government agency that isn't in the government's register of government agencies? That isn't audited by the same group that audits all other agencies? That doesn't have budgets approved like all other government agencies? One free from the same oversight as any other government agency? At a certain point their "independence" determines that they are a private organization as their ownership clearly indicates.
The very web sight you link states quite clearly their ownership. Is there some other government agency that is owned by someone other than the government?
I guess I should just listen to them and their "independent government agency" explanation rather than my own lying eyes.
So do you, bubba.
http://online.wsj.com/article/SB10001424052970204464404577118682763082876.html
Know all about the McFadden Act of 1927, in which the charter was amended from 20 years to indefinite(the 1864 National Bank Act limited all national banks charters)—the “right to amend, alter or repeal the Act” is reserved. That is to say-it can be repealed. Only, who has the sand.
A dead serious crackup of the political bandarlog is at hand, and welcomed by true patriots. Many other forms of currency of greater value in any case.
The article's priceless too---
- Obama’s average USD (US Dollar Index) is the lowest in Presidential history at $79.52
- Obama’s average Oil price (Brent Oil) is the highest in Presidential history at $102.01/barrel
Like, we're talking about fact-sheets straight out of Bizarro word...
Is that why you said, "The charter of the Fed is set to expire on December 23 of this year"?
LOL!
Right. You just can't show me.
Why bother, your mind is made up.
I know, why bother proving your ridiculous claim?
If you had an iota of intelltual curiosity you would have looked it up yourself
I have tons of curiosity, just no time to figure out what idiotic conspiracy site gave you that fake tidbit of info.
An independent government agency although it's employees are not considered government employees?
Yup. Except according to this, Fed employees can enroll in the Federal Employees Health Benefits Program. You can check for yourself, at the .gov website I linked.
The very web sight you link states quite clearly their ownership.
Sure did, government agency.
Cause some say it, and some intend it to happen— in circles of power so to say (and know).
100 years from 1913 and what Wilson handed us-— the shite sandwich from Jekyll.
Your rice bowl? Welcome to Ukraine 1933. Buy when the blood runs in the street. And have a bugout kit ready.
Some say, "The charter of the Fed is set to expire on December 23 of this year"?
Just you.
There are 70 independent agencies listed here. It's got the Fed and other stuff like the CIA, but one of them they listed is the Panama Canal Commission, and the link shows a canal owned by a foreign power employing a foreign workforce. Of course PCC employees used to be federal employees and the website also says--
Due to Congress’s failure to pass legislation to fund the government, the information on this web site may not be up to date.
Found it! At the Federal Government Office of Personnel Management's data site they got info on all 1,285 federal employees working with the Federal Reserve whose fed paychecks total $146,604,567 yearly. They got no employees listed any more with the Panama Canal.
I have tons of curiosity, just no time to figure out what idiotic conspiracy site gave you that fake tidbit of info.
Everything I've either written, or directly cut and pasted from other sites, is easily verifiable by anyone. Nothing I've said indicates any conspiracy. Maybe you need to go tilt against some gold bug windmills to make yourself feel better.
Yup. Except according to this, Fed employees can enroll in the Federal Employees Health Benefits Program. You can check for yourself, at the .gov website I linked.
That is very interesting. I wonder how that works. It says quite clearly on a Federal reserve bank site that workers are not government employees. Are Federal Reserve Bank employees considered government employees? No. Employees of the Federal Reserve Banks are not government employees. They are paid as part of the expenses of their employing Reserve Bank.
Sure did, government agency.
Here is a list of all government agencies listed by the Office of Personnel Management. The Federal Reserve isn't found on that list. In Bloomberg L.P. v. Board of Governors of the Federal Reserve System, the Federal Reserve in part argued that it was not subject to a FOIA request because it was not a government agency. In JOHN L. LEWIS vs. UNITED STATES OF AMERICA the district court ruled (in part) that the FRB was not a federal agency and it's employees are not government employees.
I’m having trouble finding that on the link you provided. Could you link the specific spread sheet you found that on?
Are you talking about the 12 Fed District Banks, or the bank down the street that is a member bank?
A member bank is a bank that owns stock in the 12 Federal Reserve banks.
Profits coming through the privileged money creation process mainly occurs at the member bank level of operation, and those profits are not turned over to the Treasury.
Member banks do not benefit from seigniorage.
Of course they do. Any stock holding member bank derives a percentage seignorage, it's one of the primary ways they make money. What could endlessly be debated is how much they benefit from seigniorage. Here is an old but good article on the subject.
On a side note have you ever wondered how a non profit organization ends up with more than 2 trillion dollars in assets?
Let's agree that the Federal Reserve is part of the government even while it's an independent agency.
Being independent agencies doesn't make "privately owned corporations" out of the Central Intelligence Agency (CIA, Environmental Protection Agency (EPA), Federal Deposit Insurance Corporation (FDIC), General Services Administration (GSA), National Aeronautics and Space Administration (NASA), Occupational Safety and Health Review Commission, Peace Corps, Securities and Exchange Commission (SEC), Selective Service System, Social Security Administration (SSA), and the United States Postal Service (USPS).
People that work for these independent agencies of the Executive branch are federal employees and their paychecks and terms of service are all administered (just like the military, federal judges, the FBI, etc.) by the Office of Personnel Management --another independent agency. Here's a screenshot from another OPM site:
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