Posted on 01/06/2014 5:50:04 PM PST by 2ndDivisionVet
The federal reserve is in no way a part of the federal government and never has been since 1913 nor does the federal government own any part of the fed.They are a purely private bank owned by class A stockholders.
That’s called a “protection racket” as employed by organized crime syndicates. Put into perspective, most federal agencies could be successfully prosecuted under their own RICO statutes. The only reason they aren’t is because the law and the lawless are one and the same.
The only difference between the US and the rest of the world, is that under the Constitution (ie: the law of the land), we have a moral obligation to shoot the sorry bastards if they get too far out of line, and knock down any would-be dictators or despots, much to the dismay of their cronies and sycophants.
Sure it is.
nor does the federal government own any part of the fed.They are a purely private bank owned by class A stockholders.
The "shareholders" received dividends of $1.6 billion in 2012, the US Treasury received $89 billion.
Thanks, that’s hilarious!
Nonsense,the treasury always received the overspill of profits from the fed in their deal but the fed is a private banking cartel and has been from day one.LOL!They partners in crime!
Yeah, nothing says private like giving 98% of the profits to the US Treasury. LOL!
The only thing that is a joke is your post!If the federal reserve was part of the government they wouldn’t have no trespassing signs on their property and you would find them in the phonebook under federal government but you won’t find them and never will.They must be working with santa claus and the tooth fairy on a secret mission.LOL!
By that "logic" the CIA isn't part of the federal government either.
In Texas they have signs at their locations that they are private because so many people protest!Hello!When did the federal government become private?HELLO!
From the Fed’s website...
-snip-
“As the nation’s central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as “independent within the government.”
-end-
Note “independent within the government.” gives the private bankers influence but no responsibility as the inflated dollar has lost 97% of its’ purchasing power since its introduction in 1913.
It’s their money, and we have to pay them to use it. As they inflate and dilute, it becomes worth less...until its worthless. hah
Bail in anyone?
By logic,the federal reserve is a private bank and has always been!HELLO!DUH!
As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.
However, the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute. Therefore, the Federal Reserve can be more accurately described as "independent within the government" rather than "independent of government."
The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." 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, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
http://www.federalreserve.gov/faqs/about_14986.htm
Thanks. Within the government.
It’s their money, and we have to pay them to use it.
You pay to use FRNs? Who? How much? Where do you send the check?
Note “independent within the government.” gives the private bankers influence but no responsibility as the inflated dollar has lost 97% of its’ purchasing power since its introduction in 1913.
Did I read PRIVATE BANKERS?LOL!
Did you miss, “independent within the government”? LOL!
They are private bankers.Private bankers.What does private me?For profit company as a hired gun!
Boeing builds aircraft for the government but they are private just like the federal reserve.
All this and they can’t keep the #@&%ing borders closed !!!
Can you show me in the phonebook where they are located under a federal agency?NOPE!
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