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Posted on 12/30/2018 10:11:53 AM PST by MNDude
Dear American: Pursuant to your request, I will attempt to clear up questions you have about the Federal Reserve Bank (FED). I spent much time researching the FED and these are the shocking and revealing conclusions.
Article 1, Section 8 of the Constitution states that Congress shall have the power to coin (create) money and regulate the value thereof. Today however, the FED, which is a privately owned company, controls and profits by printing money through the Treasury, and regulating its value. The FED began with approximately 300 people or banks that became owners (stockholders purchasing stock at $100 per share - the stock is not publicly traded) in the Federal Reserve Banking System. They make up an international banking cartel of wealth beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17) in interest annually and distributes the profits to its shareholders. The Congress illegally gave the FED the right to print money (through the Treasury) at no interest to the FED. The FED creates money from nothing, and loans it back to us through banks, and charges interest on our currency. The FED also buys Government debt with money printed on a printing press and charges U.S. taxpayers interest. Many Congressmen and Presidents say this is fraud (Reference 1,2,3,5,17).
Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central banks, a very well kept secret, has been revealed:
Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks of Italy Goldman, Sachs of New York Warburg Bank of Amsterdam Chase Manhattan Bank of New York (Reference 14, P. 13, Reference 12, P. 152)
These bankers are connected to London Banking Houses which ultimately control the FED. When England lost the Revolutionary War with America (our forefathers were fighting their own government), they planned to control us by controlling our banking system, the printing of our money, and our debt (Reference 4, 22).
The individuals listed below owned banks which in turn owned shares in the FED. The banks listed below have significant control over the New York FED District, which controls the other 11 FED Districts. These banks also are partly foreign owned and control the New York FED District Bank. (Reference 22)
First National Bank of New York James Stillman National City Bank, New York Mary W. Harnman National Bank of Commerce, New York A.D. Jiullard Hanover National Bank, New York Jacob Schiff Chase National Bank, New York Thomas F. Ryan Paul Warburg William Rockefeller Levi P. Morton M.T. Pyne George F. Baker Percy Pyne Mrs. G.F. St. George J.W. Sterling Katherine St. George H.P. Davidson J.P. Morgan (Equitable Life/Mutual Life) Edith Brevour T. Baker
(Reference 4 for above, Reference 22 has details, P. 92, 93, 96, 179) 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"
bump,
It might be that the biggest fish tries the hardest to be unseen.
Think carefully. Replacing theft with honesty doesn’t take a lot of imagination.
No, the FED does not pay face value to the US Treasury for the printing of US currency. They pay a fraction of a cent for each note, the FED then lends the money back to the Treasury or to other subsidiary FED member banks at a discounted rate, so it can be put into circulation. The face value on currency is the note’s redemption value, not it’s cost to the member bank at which it was borrowed, which is less than the face value. . . the discount. Because these Federal Reserve Notes (a note is a certificate of a debt, similar to a mortgage, an IOU) can only be redeemed with more Federal Reserve Notes at face value, and because new Federal Reserve Notes to redeem the old notes must be lent into existence below face value, the FED has built in a perpetual Zeno’s paradox.
One can never pay off the Federal Reserve Note Debt!
What’s worse is that debt compounds, and money you "own" is really a bunch of IOUs with no intrinsic value except the mutual misguided belief, shared by everyone, that we will continue to trade them for things and services as if the pieces of paper really had some value beyond our faith in our neighbors’ accepting them.
You need to clear up your distortion. Trump and the Fed are opposites.
The Fed’s first rule is to steal.
Their second rule is to lie.
First and second switch around.
You don’t want to be in a position to defend rules three and four.
Only off shore banks?.
The neo nazis are nothing but another little pawn used deceptively by the elites to discredit others. What you say here is an example of that.
In other words, holding the Rothschilds accountable has value in itself without becoming confused by emotions.
I’m what state is the FED incorporated?
I’ll wait for your proof
Print money? But how to use it eh? Got it! Let’s print it then LEND it into existence! When it is paid back... we just keep it! A sweet vic no?
Just read the Federal Reserve Act.
How to fool the public into thinking that the Federal Reserve Bank is a government entity: name it: “Federal Reserve Bank.”
One of many falsities and frauds perpetrated by the government.
Conservatives should realized - the Federal Reserve and our printed, fiat currency and the massive debt they generate - are the absolute foundation of the progressive-left nanny state, its massive government, and its 1000s of social-engineering schemes.
It’s also at the core of the globalist cabal that destabilizes and overthrows any leader who defies them.
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The Rothschilds are in a class all their own when it comes to money. They left the billions ranks a long time ago and are well into the Trillions. At this point it does not matter how much they have. Their span of control is global and significant.
I HAVEN’T WATCHED CNN IN DECADES.
Take your nut job sites with ‘organ stealing” and 911 conspiracies and BIOYA
4ltr
Don’t be ridiculous. Your article is pure and total, unadulterated hogwash.
The Federal Reserve System Board of Governors is a FEDERAL AGENCY created by FEDERAL LAW. All 7 members of the Board are nominated by the President and confirmed by the Senate.
The System BoG formulates monetary policy. The System BoG is where reserve requirements are set, where the discount rate is set, and where rules and regulations are adopted.
The 7 System BoG members are a PERMANENT MAJORITY of the 12 member Federal Open Market Committee, the other 5 rotating voting members being regional bank presidents, elected by the member bank “shareholders.”
The Chairman of the System BoG is also the Chairman of the FOMC.
The FOMC implements System BoG monetary policy. The FOMC is where fed funds target rates are set, where margin rates are set, and is responsible for open market operations to carry out policy.
The System BoG and the FOMC are where ALL of the actual power of the Fed resides.
The boards of the regional banks can suggest changes in the discount rate, but the System BoG must approve them or nothing happens.
Other than that, the primary function of the regional Fed banks is to provide services like check clearing and FedWire to member banks. ACH and such. They do the scut work and a lot of research, and their presidents give speeches.
Nobody with any clue claims that “the Fed” is private, it’s a 100% GOVERNMENT-CONTROLLED operation, member bank “shares” in the regional Fed banks notwithstanding.
Now, don’t get me wrong, I dislike the Fed because it’s nothing but central government tinkering with economic policy via monetary policy and they usually get things wrong.
I do not, however, subscribe to laughable conspiracy theories and non-factual rubbish cooked up by people who don’t know what they’re talking about.
The Fed was created to prevent periodic financial runs and panics and other financial chaos. I think they do a horrible job, but that’s just the usual unintended consequences of any government activity and whether “the Fed” is a net benefit or detriment is open to debate. What’s not debatable is whether the Fed is private.
It ain’t.
Now, what about those “shares” that Fed member banks own in the 12 regional Federal Reserve banks?
Here are 14 key differences between the regional Fed bank “shares” and actual shares of REAL common stock in the REAL private world that will disabuse anyone of any doubt:
1) If you want to buy shares of any public company (makes no difference which one, I’ll call it XYZ hereafter) you may buy any amount you wish. The “shares” Fed member banks MUST buy is equal to 6% (3% in cash, 3% on-call) of their paid-in capital and retained earnings. BY STATUTE.
2) If you own shares of XYZ, you will never be required by anyone to buy more for any reason. As Fed member banks’ capital increases, they are required to purchase more Fed regional bank “shares.” BY STATUTE.
3) You buy XYZ shares through a private market like the NYSE or NASDAQ. Not from the government. Whether using a live human broker or an on-line securities account, you simply buy them. You don’t fill out an application to the Federal Reserve as prospective Fed member banks must do, BY STATUTE.
4) You buy your XYZ shares from some (unknown) individual or institution. Not from the government, as Fed member banks must, BY STATUTE.
5) When you want to sell XYZ shares you use the same private markets you used to purchase them, and do so whenever you wish. Fed member banks can only sell their “shares” back to their regional Fed bank (the government) when they cease to be a member bank. BY STATUTE.
6) You can pledge your XYZ shares as collateral on a loan at anytime you wish. No member bank can pledge or hypothecate its regional Fed bank “shares” under any circumstances, BY STATUTE.
7) An owner of XYZ shares can generally vote on all issues that are put to a shareholder vote. Regional Fed bank “shares” entitle a member bank to vote for 6 of the 9 members of its regional bank’s Board of Directors. That’s it. BY STATUTE.
8) An owner of XYZ shares generally gets one vote for each share. Member banks holding regional Fed bank “shares” get one vote, period, no matter how many “shares” they own. BY STATUTE.
9) Candidates for XYZ’s Board of Directors are nominated by XYZ or its shareholders in accordance with its by-laws, and are then voted on by shareholders. The Fed’s Board of Governors are nominated by the President and confirmed by the Senate and neither Fed member banks nor their 12 elected regional bank Boards of Directors have anything whatsoever to say about it. BY STATUTE.
10) If XYZ’s Board of Directors decides that they want to change the dividend payable to shareholders they can generally do so at anytime they wish. The 6% “dividend” on Fed regional bank “shares” is set BY STATUTE.
11) If XYZ wants to amend its corporate by-laws, it can generally do so at anytime with the approval of a majority of shareholders. BY STATUTE, no regional Fed bank can amend its charter, EVER.
12) XYZ is a for-profit private enterprise, and they may generally do whatever they wish with any after-tax profits. The Fed regional banks must turn over 100% of their operating income (after their mandatory 6% “dividend”) to the US Treasury each year. BY STATUTE.
13) As time goes on, the value of XYZ shares will fluctuate, perhaps widely. The value of each member bank’s regional Fed bank “shares” is fixed at $100. BY STATUTE.
14) If XYZ is liquidated, your shares will generally entitle you to your relative proportion of assets left (if any) after all creditors of XYZ have been paid. Fed regional bank “shares” entitle member banks to exactly ZERO Fed assets under any and all circumstances. BY STATUTE.
The reality is that regional Fed bank “shares” are nothing more than a semi-permanent deposit of capital by another name.
The use of the word “share” is very narrowly technically correct as these quasi-government entities were formed as corporations which issue shares, as do all corporations.
The problem with that is that it gave rise to conspiracy theories galore propagated by people (many mentioned on this silly thread, e.g. Griffin) who know little or nothing about the Fed, banking, government, law or economics, but focus laser-like on the single word “shares.”
The Fed is not privately owned and never has been, regional Fed bank “shares” notwithstanding.
For good or ill, it’s a 100% government-controlled operation.
There’s no conspiracy, it just is what it is. If government was smarter, they never would have used the word “shares” in the enacting legislation for the Fed system and just called it “mandatory capital contributions” or something similar.
It would have avoided a lot of meaningless baloney and conspiracy garbage. Not to mention idiotic threads like this.
The Fed is a mixed institution. As for a truly private bank, try the First Bank of the United States (1791-1811), created by the founder of American conservatism, Alexander Hamilton, and signed into law by George Washington.
Nobody mentioned Jews or 911.
It’s such stereotype to scream “Nazi! Nazi”.
Let me guess I am “literally Hitler” also.
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