Posted on 08/05/2014 12:01:29 PM PDT by mgist
You are indeed correct, it’s privately owned.
Yep, they use it to generate and control inflation, their hidden tax.
many western government create unaccountable “hands off” agencies that are allowed to waste public funds like cray
The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar.
The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company.
The Fed announced on September 16 that it was giving an $85 billion loan to American International Group (AIG) for a nearly 80% stake in the mega-insurer. The Associated Press called it a “government takeover,” but this was no ordinary nationalization. Unlike the U.S. Treasury, which took over Fannie Mae and Freddie Mac the week before, the Fed is not a government-owned agency. Also unprecedented was the way the deal was funded.
The Associated Press reported:
Rockefellers are big on the New World Order. Control freaks.
Money is truly the root of all evil.
The Fed Reserve was into the USA by Pesident Wilson and his crony League of Nation cohorts. The group was tied in with the Rothschild’s banking interests in Europe which for many years bought and paid for revolutions including Engels, Trotsky, and Lenin in Russia and also gave financing to the likes of Soros, the Rockefellers, and even to Henry Ford via USA bankers. This crap by the Wall Streeters which the Founders warned against has been going on for years even today with Obama.
“I think it also helps explain why drug money was the only liquid capital in banks that maintained the economy.”
Well, it’s the only capital that governments hasn’t regulated to death, so it’s the only capital that is still fully functional.
For example, say I have a few million dollars to play with. If I want to open a factory, or a restaurant, or buy a farm, I have to jump through hoop after hoop, getting licenses, fees, environmental waivers, paying taxes, minimum wages, mandatory health care for employees, consulting with lawyers, etc. By the time I am up and running, I may need my business to run for 10 years before I recoup the wasted investments due to government regulations.
If I instead just set up a pot farm, I am up and running by year end, with a product that I can sell tax-free for a predictable profit, and by the end of year one I will have recouped my investments and will be making a profit. Sure, there is the risk of jail time, but until they catch me, my capital will be working (and helping the economy) at full efficiency.
Yeah, I just read about wilson in the article I posted...
“How did it happen? After previous attempts to push the Federal Reserve Act through Congress, a group of bankers funded and staffed Woodrow Wilson’s campaign for President. He had committed to sign this act. In 1913, a Senator, Nelson Aldrich, maternal grandfather to the Rockefellers, pushed the Federal Reserve Act through Congress just before Christmas when much of Congress was on vacation (Reference 3, 4, 5). When elected, Wilson passed the FED. Later, Wilson remorsefully replied (referring to the FED), “I have unwittingly ruined my country” (Reference 17, P. 31).”
Indeed, and you will always have Wall Street hucksters and the political elite downplaying the fear of inflation, and up playing the fear of deflation.
“They print money out of thin air and give to the gov at interest. “
And what exactly is this mechanism by which the Fed collects interest on its printed money?
There isn’t one so don’t knock yourself out trying to come up with an explanation.
The only interest the Fed collects is on its holding of Treasury paper. Just like you get on any T-bills that you own. But unlike you the Fed has to turn the vast majority of the interest it collects over to the Treasury Dept.
If you want to do away with paying interest then tell Congress to pay off the national debt. The closest anyone comes to ‘paying interest on money’ is the interest paid on Treasury bonds issued to finance the government. And you pay that interest through the taxes collected by the IRS.
The Fed ‘prints money’ by buying Treasury paper on the secondary market. It buys or sells this Treasury paper in order to adjust the level of loanable money in the banking system.
If the Fed wants to stimulate lending by banks it buys Treasuries from them. The Fed gets the bond and the bank gets the cash. The bank can’t lend a bond but it can lend the cash.
If the Fed wants to slow down the economy it sells bonds to banks and that acts as a sponge soaking up their cash. The bank gets the bond and Fed gets the cash. The bank could have loaned the cash, but it can’t lend the bond.
This adjustment of the money supply is what the Fed’s bond holdings are about and it’s one of their primary functions.
“Then the Federal Reserve and their henchmen in the federal government decided to take good care of the banks (particularly Goldman Sachs that didn’t lose a dime), after their gambling debts caused the market to crash and burn in 2008.”
That was TARP, first brought to you by Dubya and Hank Paulson, not the Fed. Credit should go where it’s due.
“The interest rates on our savings withered to nothing. “
You’re several years late in noticing. Interest rates tanked all the way back in 2001 in response to the dot-com bust. In that case you can blame the Fed and Alan Greenspan in particular.
Ah, but now pot is slowly going to be controlled by the feds too when they legalize it like liquor, no?
SAVE
ah. rewriting the brain as I type. I have a problem like Eve. Wanting to know everything.
Perhaps, and then that capital will be chained up too.
The “thin air” is not the point.
In fact, “institutional capital”, i.e., that under the control of financial elites, from all over the world, invests in our government debt.
Government thus relies on the elites for borrowing.
It does not create its own money, it borrows it at interest.
If you look at PGalt’s post, you can see the mechanisms of control.
If government did not borrow from elite finance, elite finance would not be a master of government dictating terms and conditions.
Since government does borrow, the lender sets terms and conditions, and winds up sliding into the position of being a key advisor to government far more so than any other group, since, if the government runs out of cash it’s dead in the water - and they must still service their debt and make taxes as high as possible to convince bond buyers that they will “do what it takes” to pay back their bonds with interest.
With governments it quickly erodes into a loan shark type situation, since those same financial elites have filled the upper echelons of diplomacy and espionage all around the world with their people. If a country decides to not pay, it’s quite easy to influence other governments to go to war to force them to pay, as much of the assets of the largest businesses, retirement funds, sovereign wealth funds, high net worth individuals, etc., will be adversely affected by the bond default.
It represents an incessant squeezing of taxpayers ad infinitum.
The senior drug lords of the world have always been the world’s financial elites.
Do a web search for “Warren Delano opium”.
Well JP Morgan and Chase are Rockefeller. I can’t believe what a Godless control freak he is, and that the Rockefellers function completely under the radar.
This is a story on what Rockefeller has done to the drug/medical industry and it is facsinating. There is definitly something wrong with the Pharmaceutical industry peddling drugs more addictive than crack, lying about them, and being enabled by the FDA as badly as the SEC covers for banks.
Very interesting, http://www.desireerover.nl/wp-content/uploads/2011/10/The_Drug_Story_by_Morri_A_Bealle1.pdf
The Rothschilds made their fortunes on the Opium wars and they seem to have the mother of all banking systems all over the world. These are the people that are running the show.
The Second Opium War ended the Qing dynasty and the banksters then had their way with the place.
http://en.wikipedia.org/wiki/Hsbc
2009-U.S. Bank Bailout, Tax Payers Fund a Total of $11.6 Trillion
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZchK__XUF84
2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)
Wachovia alone admitted $378.4 billion for Mexican cartels from 2004 to 2007.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
British Bank HSBC US Influence Payment
CAMPAIGN Donations $3,150,230
LOBBYING $47,308,573
http://influenceexplorer.com/organization/hsbc-north-america/3c3f0a2212224ab38161e5c7abbb9fbe
5/2012-HSBC Mexican Drug Money in Obama’s 2008 Campaign?
http://larouchepac.com/node/22702
2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)
Real illicit drug revenue to criminal cartels must be much higher since Wachovia Bank alone admitted $378.4 billion for Mexican cartels in 3 years.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
10/2012-HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?_php=true&_type=blogs&_r=0
2012-Obama Administration Official, Bob Werner, Hired by HSBC
http://www.us.hsbc.com/1/2/home/about/press-room/2012/news_12102012_werner_appointment
10/21012-HSBC Picks Up Another Obama Administration Official, Preeta Bansal.
http://www.americanbanker.com/people/hsbc-picks-up-another-obama-administration-official-1053825-1.html
2013-Meet Federal Employees David S. Cohen of Treasury and Stuart Levey of HSBC – Or Is It the Other Way Around?
http://alternativebanking.nycga.net/2013/03/09/meet-david-s-cohen-of-treasury-and-stuart-levey-of-hsbc-or-is-it-the-other-way-around/
Corruption: Exposing Barack Obama’s Illegal Foreign Campaign Money Loophole
Katie Pavlich | Oct 08, 2012
http://townhall.com/tipsheet/katiepavlich/2012/10/08/exposing_barack_obamas_illegal_foreign_campaign_money_loophole
10/2012-HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering
http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?_php=true&_type=blogs&_r=0
09/2013- Obama, Holder let another big bank off the hook
http://www.msnbc.com/msnbc/obama-holder-let-another-big-bank-the-ho
1/2014-HSBC Launders DRUG MONEY. Pays Fine Using Bailout Money!
http://investmentwatchblog.com/hsbc-launders-drug-money-pays-fine-using-bailout-money/#7RQyhMdBDirjcs9m.99
2010-Mexican Drug Cartel Laundered Millions Via Bank Of America Into U.S. Horse Racing (Wells Fargo, Wachovia, Bank of America)
Wachovia alone admitted $378.4 billion for Mexican cartels from 2004 to 2007.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
ILLEGAL OBAMA DONORS: MIDDLE EASTERN ARABS 08/04/2008
Gazan brothers’ illicit contributions listed in government campaign filings
http://www.wnd.com/2008/08/71431/#u3J1m8mt0dpAUqjW.99
Obama’s Foreign Donors: The media averts its eyes -2008
By Pamela Geller
http://www.americanthinker.com/2008/08/obamas_donor_contributions_sil.html
Real Illicit Drug Money for Cartels Should be Much Higher Since Wachovia admitted to Laundering $378 BILLION for Mexican Cartels from 2004-2007.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
2011 Obama DOJ Gave Cartel Enough Guns to Arm a Marine Regiment
http://townhall.com/columnists/katiepavlich/2011/07/26/obama_doj_gave_cartel_enough_guns_to_arm_a_marine_regiment/page/full
2011: SEC Ignores Rampant Money Laundering
http://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs
“How a big US bank laundered billions from Mexico’s murderous drug gangs.”
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