Might be a dumb question but is the Federal Reserve a govt entity?

[belle155]

on wiki it said its ...twelve regional privately-owned Federal ReserveBanks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury.

dont pass out the stonefaces i was just doin research after i read some stuff and saw things online about the govt and obama and all that. stuff like the fedis what runs the country and since its privately owned, whoever owns these banks is whats behind everything this country does.

 

[daytona 5000]

The Federal Reserve is as federal as Federal Express (FedEx).
So no. They try to use some b.s jargon talking about its a quasi-gov't entity
but its a really part of a cporation and like any corporation its sole motive is to seek profit.
Too bad it has to be at our (american citizens) expense

 

[jthagreat]

over/under 3 pages?

 

[22 deuces 22]

The Federal Reserve is one of the USA's top crooks.

 

[ll k r e a m 15 ll]

dont even get me started on the federal reserve...probably one of the worst things we could have done to our country...real talk

 

[18key]

Originally Posted by jthagreat

over/under 3 pages?

Way over.

 

[gabegrams]

20 he 4 or better.

C-Lo rollers will know what that is...

 

[sorkoram]

Nah, it's an independent entity within the government

 

[primavera vills]

Anybody care to elaborate?

 

[be4chst]

im confused....

 

[classy freshman]

go watch "zeitgeist" or "money masters"

both available on google video.

as stated before don't take those as the total truth but those are good starting points IMO

 

[dajoka004]

SUPPORT HR 1207: AUDIT THE FED

 

[eight2one]

they are some hustlers!!

 

[ninjasonik]

Theyre about word play, Im bout bird play

 

[kingtre]

• "I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."

 

[dmxfury]

great quote. I don't think this will get out of hand, everyone seems to agree on their feelings with the Fed.

 

[purehoopa1]

I've personally visited the Fed Reserve here in atlanta. I go to Georgia Tech. It's NOT a gov't owned entity. They just print and circulate themoney around the world. The board meets like 8 times a year to discuss if they want to increase the Fed Fund Rate which basically is at an all time low. 0 -.02google the FED Fund rate

 

[cadillacflow]

Ok, now I'm confused. Stoneface me all you want but....

Our government don't control the money, a private organization does?

 

[kingtre]

Originally Posted by CadillacFLOW

Ok, now I'm confused. Stoneface me all you want but....

Our government don't control the money, a private organization does?

nobody should stoneface you- its a common misconception -as you look deeper into how stuff works on that level you'll find more than a few surprises

 

[DVMNXK]

Will somebody please elaborate...this is getting interesting.

Also, somebody cue the X-Files theme music...

 

[dajoka004]

Just read the Wikipedia entry. It's long, but explains it better than anyone will take the time to do so here.

 

[swizzc]

Doesn't the Fed give all of it's profits back to the government? I'm almost positive it does.

 

[tmukg21]

they met secrectly one day in dec 1913 in dc. All of the representatives were still technically signed in but no one was there to stop them, the few that werethere in agreement, so it passed with no debate. The bill was to basically to have the "feds" print our money.......for starters Swizzz : we are indebt to the Feds

 

[swizzc]

Originally Posted by tmukg21

they met secrectly one day in dec 1913 in dc. All of the representatives were still technically signed in but no one was there to stop them, the few that were there in agreement, so it passed with no debate. The bill was to basically to have the "feds" print our money.......for starters Swizzz : we are in debt to the Feds

I'll have to ask my professor, he was Greenspan's senior advisor in the Fed for 25 years. I am aware that the Fed is currently prettymuch supporting the economy by injecting a huge amount of total reserves at the zero bound on interest rates (int rate is practically zero). What scares me isthat now the Fed is pretty much becoming like a private sector firm, setting up SPE's to support the roll over of commercial paper and other unwantedassets.

 

[the5andonly]

[size=+1]They make up an international banking cartel of wealth beyond comparison.
The FED banking system collects billions of dollars 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

The ultimate hustle and true definition of making something out of nothing

[/size]