Who owns the FED?

Nobody knows. The names of the original investors of the Federal Reserve were never released. They put up the original money for the 'reserve' the fed uses, who earn interest on the many times that amount that was loaned out, ie fractional reserve banking. I think they used that initial money to buy up government bonds, then loan 10-100 (or more till the number doesn't matter) times that much to business and the government and reap the interest.
There is a lot of evidence (check out the moneymasters on google video) that many if not most or all of them were the elite British bankers. This small group including the Rothschild's owned much of the worlds wealth for a long time (probably still do today).
They likely have most or all of the gold that was in Fort Knox (whoever 'they' are sense they don't tell anybody), remember this gold was collected from America it was our gold. Many believe it's gone now, control of it was given to the fed and no one ever checked on it afterwards (no audit for 50ish years I shit you not).

It's not even specifically known which banks the fed works for/answers too. The whole thing is shrouded in massive secrecy and total media blackout. Ron has been challenging the fed for over 20 years, but according to the media it's a completely natural and necessary part of every country (the central bank).


It's on the news everyday (presented in a good light as being beneficial for the people I might add) that foreign companies are buying up massive amounts of US businesses and property, even whole markets. Many of the elite US companies are moving to Dubai ala Haliburton.

Draw your own conclusions.


EDIT: I finished your linked article. The articles he references could never be proved, nor the authors rosy account of who owns them, since they have never told anybody in a way that could be verified. Just remember every time they say "we are lending more to help the market" they mean "we are creating money from nothing and reaping huge interest profits, essentially absorbing the wealth from the monetary system, to help the market".
 
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A quick addition since it's on topic. Many worry that the gold standard isn't enough, it's estimated that the IMF, a division of the global central bank, possesses well over half the worlds gold.

Still beats the hell out of private controlled paper we have now. I wouldn't mind seeing colonial script type government notes either, IF we fired everyone holding public office who has ever voted to violate the Constitution (or done so) and started with fresh people. This would never happen hence Ron wanting gold IMO ^^

Back when learned patriots like Jefferson were running things it would have worked great.
 
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The Federal Reserve System is a hybrid that is both private and public. As the link you provided explains in part, the reserve banks are private. The Federal Reserve Board here in DC is the public part of it. The Fed member banks are public; the principle shareholders are the money center banks--the owners of the money center banks are the shareholders of those institutions (which are probably mostly mutual funds). There is no mystery or secrecy here.
 
Bradley in DC said:
There is no mystery or secrecy here.
Click to expand...

Show me the audit of the Fed's open market operations. It's kind of like a manufacturing company saying "we have nothing to hide; we're audited every year" and failing to mention that the audits excluded anything related to the company's inventory valuation.
 
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johngr said:
Show me the audit of the Fed's open market operations. It's kind of like a manufacturing company saying "we have nothing to hide; we're audited every year" and failing to mention that the audits excluded anything related to the company's inventory valuation.
Click to expand...

Oh, the open market operations is another story! They are purposefully obtuse there, no question. But that is a different issue than we were addressing here.
 
Bradley in DC said:
Oh, the open market operations is another story! They are purposefully obtuse there, no question. But that is a different issue than we were addressing here.
Click to expand...

I'd go further than "purposefully obtuse". But how does that square with "no mystery or secrecy"?
 
Bradley in DC said:
The Fed member banks are public; the principle shareholders are the money center banks--the owners of the money center banks are the shareholders of those institutions (which are probably mostly mutual funds).
Click to expand...

The New York Fed Bank makes all the operational decisions about money/debt, runs the open-market operations, runs all international currency exchange/manipulation functions and runs the domestic "lender of last resort" functions. It thus is the source of almost all monetary data that the other regional Feds and the Board of Governors use to make interest rate decisions.

Which New York-based banks own shares in the NY Federal Reserve member bank? What are the percentages of share ownership of these banks? Which bank or banks own or owns a combined 51% or greater per cent share of the NY fed? Who sits on and chairs the boards of each of the corporations or trusts that own a controlling share of those majority owner bank or banks?
 
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Since the 40s the Federal Reserve takes the vast majority of money it receives in interest and refunds it to the treasury, walking away with a few hundred million dollars. Of course, having advances market knowledge plus a few hundred million is nefarious in its own right, but it is not as ridiculously horrible as some make it out to be. The same is true of the CFRs (Comprehension Financial Reports.)
 
Who owns the Fed is really a red-herring. It wouldn't be any better if Congress owned the Federal Reserve than if Satan owned it. Central banks always have been a mechanism for governments to tax (take the product of the private economy) from the people without having to show an actual tax (writing checks to the government). Because it is an indirect form of taxation the government can blame others for the reduced value of their savings and long term contracts. The resultant finger pointing distracts everyone. I'm not sure why people think the Federal reserve would be any better if it were a part of the government, like the Department of Education, for instance.
 
Brutus said:
Who owns the Fed is really a red-herring. It wouldn't be any better if Congress owned the Federal Reserve than if Satan owned it. Central banks always have been a mechanism for governments to tax (take the product of the private economy) from the people without having to show an actual tax (writing checks to the government). Because it is an indirect form of taxation the government can blame others for the reduced value of their savings and long term contracts. The resultant finger pointing distracts everyone. I'm not sure why people think the Federal reserve would be any better if it were a part of the government, like the Department of Education, for instance.
Click to expand...

One of the first steps in consciousness raising about the Fed (in the specific system we have) is to remove its status as a quasi-metaphysical entity by asking who owns/controls it. If Congress owned it at least we'd have someone to complain to and to hold accountable for their actions, fhough I agree, we'd be better off with non-monopoly banking.
 
johngr said:
One of the first steps in consciousness raising about the Fed (in the specific system we have) is to remove its status as a quasi-metaphysical entity by asking who owns/controls it. If Congress owned it at least we'd have someone to complain to and to hold accountable for their actions, fhough I agree, we'd be better off with non-monopoly banking.
Click to expand...

That's one approach. I've found it more useful in debates on the "necessity" of the Fed to challenge them to list all of the functions of the Fed and tell me which ones couldn't be handled better by the private market, Treasury or Congress. Once that conversation starts, the dynamic changes completely. :)
 
I think we are for the most part in agrrement on one simple fact.

The current structure no longer works?
For this discussion lets cast aside " who owns it", and "what are they Hiding" etc...

Ill ask this question again:

How much are we in debt to the Fed at this point in history?
Does anyone really know?

And why are we in debt to them at all?
Why do we have a currency based on the goverment's ability to tax the people?

Am I the only one here who finds this to be economically moronic?

I have my own answers for these questions but lets hear from everyone

Would someone here like to elaborate on this from a Constitutional standpoint?
And economic standpoint?

I apologize for beating this into the ground.
PatriotG
 
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This is a repeat of a link posted here recently:

http://financialsense.com/fsu/editor...2007/1020.html

AMERICA'S FORGOTTEN WAR AGAINST THE CENTRAL BANKS
by Dollardaze
aka Mike Hewitt, dollardaze.org
October 20, 2007
"Let me issue and control a nation's money supply, and I care not who makes its laws."
(Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty)

This is a recent essay and good introduction to the main issues.
 
Despite the little bit of info we know, I still think shrouded in secrecy is an accurate description of the Fed as a whole.
 
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