The Federal Reserve DOES NOT create money out of thin air. But you think exactly what they want you to think as with most of the sheople ....
"The regional Federal Reserve banks are not government agencies. ...but are independent, privately owned and locally controlled corporations. " -- Lewis vs. United States, 680 F. 2d 1239 9th Circuit 1982 The Rothschilds "The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class.
" -- Rothschild Brothers of London, 1863. The Federal Reserve Cartel: The Eight Families. This article was first published on Global Research June 1, 2011 (Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths.
But their monopoly over the global economy does not end at the edge of the oil patch. Who Owns the Federal Reserve. Who really owns the Federal Reserve?
If you really want to understand what's happening in Occupy Wall Street, you first have to understand our Banking system and the Federal Reserve role. Firstly The Federal is not a government agency as the name suggest. Who Owns The Federal Reserve? “Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.” – The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s The Federal Reserve (or Fed) has assumed sweeping new powers in the last year. In an unprecedented move in March 2008, the New York Fed advanced the funds for JPMorgan Chase Bank to buy investment bank Bear Stearns for pennies on the dollar. The deal was particularly controversial because Jamie Dimon, CEO of JPMorgan, sits on the board of the New York Fed and participated in the secret weekend negotiations.1 In September 2008, the Federal Reserve did something even more unprecedented, when it bought the world’s largest insurance company.
US federal deficit: how much does China own of America's debt? The US Federal Deficit is always in the news - and when Chinese premier Hu Jintao arrives to a lavish reception at the White House, he comes as bigger lender to the developing world than the World Bank.
And last year, Alan Greenspan, former chairman of the Federal Reserve, said the US is pursuing a policy of weakening its currency. In the recent past, China has defended its investment in US Treasury bonds. Abolish the Federal Reserve. Who Owns The Federal Reserve? - Find Answers to this Question. Rothschilds Famliy The World Bank - IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world.
For over 150 years they have planed to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots. Who Owns the Fed? Free Enterprise Zone, The Freeman, Warren C.
Gibson Have you heard? The Federal Reserve System raked in profits of $79.3 billion last year, almost triple what runner-up ExxonMobil made. The Fed’s business model is a snap—just print money—and unlike poor beleaguered Exxon, the Fed has no competition to worry about. This means a gigantic windfall for the big banks because, although they don’t like to admit it, they actually own the Fed. Or not. Yes, commercial banks hold shares of stock in their local Federal Reserve branch, but these shares do not confer ownership in any meaningful sense.
Member banks receive a fixed 6 percent annual dividend on their Fed stock and enjoy limited voting rights. Each branch has a board of directors with six members elected by local member banks and three appointed by the central board of governors. In the beginning the Fed was quite decentralized. The Fed is a nonprofit institution, but that designation means only that profits are not its primary mission. Project World Awareness. I wish to thank my former fellow members of the staff of the Library of Congress whose very kind assistance, cooperation and suggestions made the early versions of this book possible.
I also wish to thank the staffs of the Newberry Library, Chicago, the New York City Public Library, the Alderman Library of the University of Virginia, and the McCormick Library of Washington and Lee University, Lexington, Virginia, for their invaluable assistance in the completion of thirty years of further research for this definitive work on the Federal Reserve System. Chart of who “owns” the Federal Reserve…once again… ;) A picture from the gold vault of the Federal Reserve Bank of New York (Photo credit: Wikipedia) Chart 1 Federal Reserve Directors: A Study of Corporate and Banking Influence Published 1976 Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York.
The two principal Rothschild representatives in New York, J. N.M. Chart 2 Federal Reserve Directors: A Study of Corporate and Banking Influence - Published 1983. Fed Panel Is Divided on Direction. The Evolution Of Banking. With the exception of the extremely wealthy, very few people buy their homes in all-cash transactions.
Most of us need a mortgage, or some form of credit, to make such a large purchase. In fact, many people use credit in the form of credit cards to pay for everyday items. The world as we know it wouldn't run smoothly without credit and banks to issue it. In this article we'll, explore the birth of these two now-flourishing industries. Tutorial: Introduction To Banking And Saving Divine DepositsBanks have been around since the first currencies were minted, perhaps even before that, in some form or another. Flipping a CoinThese coins, however, needed to be kept in a safe place. Coins could be hoarded more easily than other commodities, such as 300-pound pigs, so there emerged a class of wealthy merchants that took to lending these coins, with interest, to people in need. The Federal Reserve: Introduction. Most people are aware that there is a government body that acts as the guardian of the economy - an economic sentinel who implements policies designed to keep the country operating smoothly.
Unfortunately, most investors do not understand how or why the government involves itself in the economy. In the U.S., the answer lies in the role of the Federal Reserve, or simply, the Fed. How Protests Could Change Banking - Investopedia.com. Amidst the macro worries about European sovereign debt and the ignition of the next election cycle, a protest movement called Occupy Wall Street has garnered a great deal of attention for itself. The demands of this movement are vague, and it is an open question as to whether much of what they object to is a byproduct of corporate policy or public policy (or an admixture of the two).
Nevertheless, it is clear that their anger is directed, in large part, at some of the biggest banks in this country. (For more on how banking has evolved, read The Evolution Of Banking.) TUTORIAL: Banking The question is whether these protesters can actually impact the banks they target and what options are available to those who share the protesters views and concerns. Audit the Fed. Federal Reserve System. How the Fed Works" History of the Federal Reserve System. Federal Reserve Board, 1917 This article is about the history of the United States Federal Reserve System from its creation to the present. Central banking in the United States prior to the Federal Reserve The Federal Reserve System is the third central banking system in the United States' history.