FED itself says it is privately owned

Obligating you to pay them interest for nothing is not controlling your life? K. I would not have a central bank. In fact, if we didn't have the financial system of people gambling money they've won from interest and dividends, all of which is wealth taken from the people who actually work and produce things, we wouldn't need anything resembling the Monster from Monster from Jekyll Island.

 

Obligating me to pay interest for nothing to whom? No one obligates me to pay interest.

I got that. What I asked is how else would you do it.

I agree that we should return to regulating banks to limit the ability of depository institutions to gamble with deposits.

But we still need money and a system to control the supply.

 

NO they're NOT.

 

What the constitution says, and that is the right of this nation to create it's own currency.

I want someone that can be voted in or out, in charge of this nations monetary policy.

I want someone that can be re-called if they are non-stop printing money, and creating a bond market bubble.

 

Did you ever think that if the person was voted in they might be printing more money?

 

YES....They ARE!!!!!

 

The banks themselves are privately owned,the fed itself is run by the government.

Why is that so hard for you to grasp,fraud?

 

What does it mean if you own a company? Can you sell it? Do you have a right to the profits? Do you have a right to control the company?

The supposed "private owners" of Fed regional banks have none of these attributes.

I think RWFraud grasps it, but the anti-Fed cabal likes to portray the Fed as if it were some evil private company profiting from the rest of us for their political purposes, false as they know that representation is.

 

Who and how is it that you can't respond to your own thread. Man, these right wing kooks sure have a lot of influence. Fair and balanced? NOT.

Anybody else get shut out of their own thread?

 

Monetary policy is set by Congress. The FED reacts to it. The Fed Board of Governors are all nominated by whichever current President is in office for a full term of 14 years. They do not leave their position on the Board with the termination of a Presidency either. The Chairman and vice-chairman however are named by the current President from among the Board for a term of 4-years however they are still able to serve out their 14-year term even though they may be replaced as chairman.

http://www.federalreserve.gov/aboutthefed/default.htm

To say that the FED is totally private is false because their board is directly appointed by Congress and its chairman is named by the current President. The FED's goals are to keep interest rates stable, head off inflation, and generally provide for a stable monetary system therefore, they are constantly reacting to Congressional monetary legislation.

 

Have you read your threads lately? LOL

 

I guess you don't know how you get shut out of threads. Guess someone who's on a power trip or something is the only explanation.

My posts are always informative and educational Sir....how dare you.

 

Monetary policy is not set by the government - when was the last time your congressmen voted yea or nay on raising interest rates?? The Fed routinely carries out business without Congress even knowing what they're doing.

The Fed is completely insulated and protected from audit and investigation. Why do you think the Bureau of Consumer Financial Protection that came out of the monstrously diabolical Dobb/Frank was tucked under the covers of the FedRes?? Can't be touched there.

The Fed floated $hundreds of billions to their slush fund buddies in Europe a couple of years ago - not only did Congress not know, they never would have known if it weren't for Ron Paul's persistance. They manipulate the money supply as they see fit, and always have - and "We the People" have exactly no say in the matter.

The monied elite who have controlled the Fed, and all of Europes central banks going back centuries, have been systematically attacking and destroying our Republic. Our currency has been hijacked, our institutions have been remade from within and now teach obedience and dependence to the oligarchy, our Constitution has literally been gutted and no longer constrains government, our debt and unfunded promises are so immense that future generations will be slaves to feeding the beast... on and on.

The founding of the Federal Reserve was the beginning of the end of freedom in the United States. It's taken the ruling elite 100 years to break down the barriers of freedom, but here we are in 2013... our former republic is now a democracy, the population is completely ignorant, the government is completely empowered - so much so that the FedGov can now arrest, search, seize, hold without charge, confiscate property, and even kill United States citizens without warrant or due process.

America as a country of free people is all but dead, and the process that got us to this point was passing the FedRes Act 100 years ago. Our founders warned us about central banks; they warned us about democracy; they warned us about falling prey to emotional arguments that justify the expansion of government... strange how those warnings are no longer taught in the public schools.

 

Wow, you mean the Fed is never audited? Where did you hear that from?

 

bump...

 

The Fed prints how much money now each month? Why can't we just pay off the debt with that? (Psssst....it's privately owned, that's why).

 

About 85 billion a month.

They'd need to print 10x more.

Pssssst.... its not. You've been deceived by conspiracy nuts.

 

So 2/3 of the board of govenors that sits on the 12 FED banks, aren't privately appointed, with only 1/3 coming from public appointment?

 

Pst,the banks themselves are,but the federal reserrve isn't..It was created by the federal reserve act of 12/23/1913.

Keep trying,fraud

 

Stick to guarding the 9/11 threads lonely.

 

Does anyone know why the fed is set up as regional banks controlled by it's members?

 

Yes, the original idea is that you would have 3 types of board members. Catagory A,B, and C.

Each catagory is meant to represent a part of the population. The Fed was intended to operate as a small government.

This gives a pretty good over view. Long read though.

http://adabyron.net/FederalReserveDirectors.pdf

 

The Fed is lying on both counts. It's part of the Orwellian double-speak that's coming out of our government these days. Money is speech, right?

The Fed is privately owned, by its shareholding member banks. And, its shareholder member banks are publicly owned, but in practice there's a very small group of people making all the decisions.

Secondly, the Fed is a profit making institution. They return about 6% to their shareholder member banks every year. I think the amount is even fixed by law.

Why would the Fed lie about this?

Well, isn't it obvious?

Our government is in the propaganda business. Legally. By act of Congress. With the signature of the President. This current one, Mr. Obama.

Not only that, but the Fed actually has lobbyists, they have full time paid lobbyists on staff.

None of this is clean.

It's very, very dirty.

 

Stick to lying on the 9/11 threads,fraud

 

And you're very,very paranoid,and wrong.