Posted on 12/15/2013 6:54:08 PM PST by Errant
A week from now, the Federal Reserve System will celebrate the 100th anniversary of its founding. Resulting from secret negotiations between bankers and politicians at Jekyll Island, the Fed's creation established a banking cartel and a board of government overseers that has grown ever stronger through the years. One would think this anniversary would elicit some sort of public recognition of the Fed's growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning. But just like the Fed's creation, its 100th anniversary may come and go with only a few passing mentions.
(Excerpt) Read more at marketoracle.co.uk ...
I'm trying to tell you that the wealth distribution, not a legitimate function of the US Government, is the bulk of the problem...it's not just "a big role",
It's not privately owned.
wouldn’t be skimming 6% off the nation’s debt
The nation's debt is $17 trillion. The Fed earned about $90 billion last year.
"The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates."
12 USC 225a Maintenance of long run growth of monetary and credit aggregates
Looks really stable before 1913.
You are correct.
And 95% of that profit of $90 billion goes back to the U.S. Federal Treasury.
LOL! That’s hilarious.
It all depends on your definition of "gut". A nation can collapse from too few soldiers on the walls. But it can also collapse from too many soldiers on the walls. Who knows what the perfect number is, but it's something that has to be examined.
By the way, I find it interesting that Ron Paul served active duty in the military, while so many others (Clinton, Bush II, Cheney, Obama, etc.) did not.
I suspect that you and I have reached a friendly stalemate. So I'll give you the last word if you wish.
FED transferred $88.9 Billion to Treasury in 2012.
Yup. And the "shareholders" got $1.6 billion.
The fed is a group of private bankers which have nothing to do with the federal government.That’s why they post signs on their private property when there’s a riot in their area.
In the interest of accuracy, the photo you posted depicts the village of Azenhas do Mar, Portugal. One of the homes pictured therein may be a Rothschild estate; but, everything that is in that photo is not a single estate belonging to the Rothchild family or anyone else.
See http://www.amazingplacesonearth.com/azenhas-do-mar-portugal/
http://www.portugalvirtual.pt/_tourism/costadelisboa/sintra/azenh.html
http://www.lisboncoastcottages.com/azenhas.asp?subMenu=4
There are thousands of member banks so that $1.6 billion gets spread out based on how much Paid In Capital each bank contributed. And if that $1.6 Billion is accurate and represents a 6% interest payment, then the member banks put up $1.6/.06 = $27 billion in capital, for which they are receiving 6% annually or $1.6 billion.
I didn't check their annual reports to confirm your number.
If I were to research who actually owned the Fed, I'd start with the central bank of central banks (i.e., the Rothschild created bank for international settlements) and work down.
Even presidents have been put in check by this banking cartel (and perhaps worse). Glenn Beck made a stab at it but has let the question of who actually are behind the scenes, go unanswered (jump to about the 9 min mark).
It's NOT my chart. Just one I found, hurriedly, so you all wouldn't have to wait. There is a better one that I was goggling around far but couldn't locate, that is newer and ties the connections together with modern graphics.
Really, how much did the Fed loan foreign banks back during the crisis? Sixteen trillion rings a bell. Were they really foreign or connected?
http://www.bing.com/images/search?q=rothschild+estate&FORM=HDRSC2#a
The photo came from this article, a listing of some of their estates is inside the piece about the family. I didn't see that particular locale listed as one of the places where they do owned an estate - but I certainly wouldn't rule it out, as I certainly doubt even they can't keep up with everything they own. ;)
Fed Provided $16 Trillion To Foreign Banks, Financial Houses
But what's a few trillion dollars between friends?
"The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government’s first-ever audit of the central bank. Last year, the gross domestic product of the entire U.S. economy was $14.5 trillion. Of the $16.1 trillion loaned out, $3.08 trillion went to financial institutions in the U.K., Germany, Switzerland, France and Belgium, the Government Accountability Office’s (GAO) analysis shows."
http://www.rawstory.com/rs/2011/07/21/audit-fed-gave-16-trillion-in-emergency-loans/
What does it matter what they own, as they do NOT own the FED?
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