Who owns the Federal Reserve Bank? From what I understand, it is as "Federal" as Federal Express.? Related Questions

Who owns the Federal Reserve Bank? From what I understand, it is as "Federal" as Federal Express.?
Asked By David G,Last Answer By Forty 7 At 2009.12,1 Answers

Gray Shadow's inevitable cut-and-paste answer is expected on any question about the Federal Reserve. It's just a very long-winded way of cherrypicking bits and pieces of truth, while selectively leaving out important information, in order to deceive. While some of his facts are (technically) correct, the information he presents is incomplete and deliberately misleading, and I won't waste any time picking it apart here as myself and others have done countless times before. [Get a real job, Shadow.]

Yes, it's privately owned by its shareholders, which are other private banks, some US and most European.

The Federal Reserve chairman is chosen by the President from a list of candidates prepared by a private committee appointed by the Fed's private shareholders.

While the GAO (Gov't Accountibility Office) is responsible for "auditing" the Fed, it is the Fed's private shareholders who determine the rules of the audit (i.e. what can be audited and what can't).

The Fed does issue reports and publishes data (such as M1, M2 and M3) the Fed decides what it wants to publish. This is illustrated presciently by the fact that the Fed decided to stop publishing M3 back in 2006... which the most important statistic for measuring total currency in circulation. I can imagine why they would rather keep this under their hats -- the last M3 data shows that the Fed was beginning to dump currency into the system at an exponential rate.

So there really is no gov't oversight, at least not where it really matters.

But don't just believe what people on Y!A say. Do your own research. (@ Rachelle: You'll have to look a little further than the Fed's own website!)


I will leave you with some quotations:

"The colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction. The inability of the colonists to get power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War."
- Benjamin Franklin's autobiography

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property, until their children will wake up homeless on the continent their fathers conquered."
-Thomas Jefferson

"Whoever controls the volume of money in any country is absolute master of all industry and commerce."
-James A. Garfield, President of the United States

"A great industrial Nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation and all our activities, are in the hands of a few men. We have become to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world - no longer a Government of free opinion, no longer a Government by conviction and vote of the majority, but a Government by the opinion and duress of small groups of dominate men . . . I have unwittingly ruined my country."
-President Woodrow Wilson (signed the Federal Reserve Act in 1913) (from National Economy and the Banking System, Senate Documents, Col. 3 No. 23)

Who owns the bank of England and the Federal reserve?
Asked By Penfold wery scarewy bear,Last Answer By tyler durden OÆ’Æ’icial At 2010.03,1 Answers

I know that they are both private institutions despite having names that infer state ownership.

How come the Federal reserve can print money to lend but the Federal government can't do the same?
Asked By jay,Last Answer By Randy At 2010.02,1 Answers

Does it make any sense for a banking institution to print money and then lend it to our government at interest? What did the bank do to deserve this unjust enrichment? The bank neither worked for nor earned this money that they lend. Why is the government subservient to such a primitive system? American's pay almost 40% of there money in income taxes yet the Fed pays no taxes and they don't even work for the money that they lend. All they do is print money out and give it to the government and charge interest. As a matter of fact the Federal reserves doesn't even print the money themselves the department treasury does at the command of the Federal reserve. Why should the government pay any interest? shouldn't the government by governing it's own monetary system?

Who owns the Federal Reserve Banks?
Asked By Anders,Last Answer By gray shadow At 2009.12,1 Answers

"The Federal Reserve Banks are owned by private member banks"

From: http://en.wikipedia.org/wiki/Federal_Reserve

But what private banks? Can anybody list these private banks? Not a list over the Federal Reserve Banks, but a list of the private member banks who owns the Federal Reserve Banks. A complete and up to date list, please.

What's so bad about the Federal Reserve Bank?
Asked By DesiredConsole,Last Answer By Pfo At 2011.04,1 Answers

What's so bad about the Federal Reserve Bank? Why does Ron Paul and Libertarians hate the Federal Reserve?

Does anyone know the history of the Federal Reserve Bank?
Asked By theeshusher,Last Answer By *freedom* At 2010.03,1 Answers

and how it affects us today? I've read that the Rothschilds family
invented "fractional reserves" and by doing so was able to set up
national banks all over Europe and eventually even here. Any truth to this? Supposedly they were so powerful that they could cause depressions and wars.

Why were some people against the Federal Reserve Bank?
Asked By Katelin,Last Answer By Teekno At 2011.04,1 Answers

wonderinnng.

Does anyone realize that we can buy back the Federal Reserve Bank?
Asked By a1asteve,Last Answer By gray shadow At 2009.12,1 Answers

There was an article I ran across regarding how the Federal Reserve came about. As I read through the article, it states we, the american public can buy back the Federal Reserve System for around $25.00 a person.

If someone has any input on this, let me know. Let me know if you have done any research and what you found out.

Do you believe central bank would be effective without federal reserve?
Asked By ROSLYN,Last Answer By Arbie At 2011.04,1 Answers

quot; subject matter in escrow quot; how to understand ah?
Asked By jessie lake,Last Answer By onlythree At 2017.02,2 Answers

Is about the

Why does Barclays Bank have an Eagle as a symbol, not unlike the Federal Reserve Bank?
Asked By MOLEY FOLDY,Last Answer By greenshootuk At 2009.12,1 Answers

That damn Eagle gets everywhere, the Dollar, Roman Legions, Nazi Germany and Egypt.

Or does it simply symbolise top predators?

I mean how can it symbolise so many things without confusing the issue?

The Building society Nationwide used to have the Owl and they changed it to a house.

For Those Who Understand The Federal Reserve: How Do The Private Banks That Own It's Stock Make Money?
Asked By ATTENTION: Testicles That Is A,Last Answer By Forty 7 At 2010.02,1 Answers

This is one of the things I can't find an answer to in researching the Federal Reserve. How do the private banks that own stock in the Reserve actually make money if the dollar is becoming more and more worthless?

A little question concerning the federal reserve bank and the European central bank :)?
Asked By Kassem,Last Answer By thecharleslloyd At 2011.04,1 Answers

what are positive, negative, and neutral aspects of both european central bank and the federal reserve bank of america. please explain, i don't mean to waste your time, but this would help! thanks soo much.

How many members serve on the Federal Reserve Bank? And how long is their term?
Asked By iceskatinggirl1,Last Answer By Let's Talk Politix At 2011.04,1 Answers

Since the Federal Reserve is privately owned and operated, can the IRS audit the bank?
Asked By Death's High Priestess,Last Answer By gray shadow At 2009.12,1 Answers

Has the IRS ever audited the Federal Reserve? If the IRS is the tax authority and responsible for tax law compliance, aren't they responsible for overseeing the compliance of financial institutions as well?

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