That controls the US dollar .
This question has perplexed many people for years, trying to find out the truth about the fed and why it is set up in this way. I have heard of this for probably 25 years and have studied it and read most everything I could find on it and to this day I do not have a clear answer. So I believe the only way to find out the absolute truth is to follow the money trail of this organization. the American people are talking about it and want to know that we are not being hornswaggled so lets get a complete audit as I know some Senators and Represenatives have called for and get it out in the open once and for all. Is this not a free country, if so show us the money baby, every darn cent.
Instead of believing some OLD, OLD, OLD, conspiracy theory that someone posts on the Internet, why don’t you do some research from respectable sites. Also, why don’t you READ the law governing the Federal Reserve system. It is available on the Internet at http://www2.law.cornell.edu/uscode/html/…
There is a rather nice explanation of the Federal Reserve System at the Richmond Federal Reserve Bank website. It is much more plausible than the conspiracy theory. http://www.richmondfed.org/publications/…
perhaps according to wacky fringe sites…
But according to reliable and authoritative sources, it is not wholly true.
The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations. (http://www.federalreserveeducation.org/f… )
The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it’s charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level. Board members are forbidden by law to have any economic interest in a private bank.
The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. These shares cannot be sold on the open market. All ‘profit’ from the Federal Reserve branches are turned over to the Treasury at the end of the year. (that’s been about 95% since 1913). Are the Fed branches privately owned? The Fed says ‘No’ (ref http://www.federalreserve.gov/generalinf… ). Courts have ruled that the branch banks can be treated as a private corporations for purposes of tort law.
I invite you to do your own research from mainstream reference sites. Then if you still want to believe the wacky fringe sites, at least you’ll be armed with the knowledge from the law and academics.
Actually, that’s only partially correct.
Parts of the Federal Reserve, the parts that make the policies and enforce the laws, ARE a government agency, appointed by the Executive and confirmed by the Senate.
Other parts of the Federal Reserve System, the actual banks, are private corporations.
The Reserve Bank took over on March 9, 1933 according to 48STAT.1, Public Law 89-719 and it has been nothing but Smoke and Mirrors every since and also DISSOLVED THE UNITED STATES GOVERNMENT BY ROOSEVELT IN THE 73RD CONGRES ON JUNE 5 1933 AND IN A JOINT RESOLUTION TO SUSPEND THE GOLD STANDARD AND ABROGATE THE GOLD CLAUSE!!! NOW MUNCH ON THAT! It is in Name only! Now they have come to collect the rest of your Freedoms and Property! Now you know why Congress does not listen to you anymore!
The Federal reserve is about as “Federal” as Federal express.
that statement is not true,they are in fact a goverment angency requiring senate approval.The banks that make up the federal reserve are “mostly” public though
Yes and The Government has to borrow money from it to operate, and it is paid by our income tax, which was never legal. The 16th amendment was never legally ratified, and the Supreme Court also said it gave no new powers of taxation.
Great! Do they sell stock? If they’re so powerful, I’d like a piece of it.
Oh, gee — golly, gosh!
I think it was 6th or 7th grade………
What do they teach in school these days?