[Hostage]

For example, the Reserve Banks issue shares of stock to member banks.

But nobody 'owns' it.

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.

... and ownership of a certain amount of stock is...but nobody 'owns' it.

The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Uh huh... those with 'ownership' get a 6 percent dividend in a 'nonprofit' company they don't 'own'.

So who best to ask about 'ownership' of the 'Federal' Reserve than the 'Federal' Reserve itself from their own website?

Orwellian doublespeak anyone?

This unadulterated pablum falls in the same category of "I did not have sexual relations with that woman, Ms. Lewinsky" or Ken Lay's September 2001 announcement to Enron's stakeholders and employees that Arthur Anderson had certified the company was on a sound financial footing.

The 'Fed' Reserve is 'within government'? There are fools and lemmings and people that believe such tripe.

And you sir probably believe that the poweful never lie.

[Toddsterpatriot]

Uh huh... those with 'ownership' get a 6 percent dividend in a 'nonprofit' company they don't 'own'.

6% dividend? Wow, not much considering they get to print all the money. What about a share of the profits left over after the dividend is paid? Where does the rest of the money go?

So who best to ask about 'ownership' of the 'Federal' Reserve than the 'Federal' Reserve itself from their own website?

A clown like you who said it's owned by private individuals? LOL!

A clown like hosepipe who said it's majority owned by foreign bankers? LOL!

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.

My favorite kind of stock to own, one that I'm forced to buy, one that I can't sell, trade or pledge as security.

[Toddsterpatriot]

Uh huh... those with 'ownership' get a 6 percent dividend in a 'nonprofit' company they don't 'own'.

Bank of America earned a nearly 18% return on equity last year. I'll bet they wish they could buy a lot more of that 6% stock so they could drag down their returns. LOL!