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Audit the Fed

Audit the Fed

How Protests Could Change Banking - 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. The Source of the ProblemThe Occupy Wall Street movement is a diverse group with no particular singular principles. Even though the troubled asset relief program seems on pace to result in a net profit to the U.S.

War On You: News without Corporate Views Federal Reserve System Liberty Maven: For Liberty, One Individual At A Time 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[edit] The Federal Reserve System is the third central banking system in the United States' history. In 1863, as a means to help finance the Civil War, a system of national banks was instituted by the National Currency Act. The Federal Reserve Act[edit] The National Monetary Commission[edit] A particularly severe panic in 1907 provided the motivation for renewed demands for banking and currency reform.[4] The following year, Congress enacted the Aldrich-Vreeland Act which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform.[5] The chief of the bipartisan National Monetary Commission was financial expert and Senate Republican leader Nelson Aldrich. Because the bill was introduced by Aldrich, who was considered[by whom?]

Ron Paul 2012 | Sound Money, Peace and Liberty | Blog 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. The Fed is the gatekeeper of the U.S. economy. As an investor, it is essential to acquire a basic knowledge of the Federal Reserve System.

Ron Paul Revolution | Ron Paul .com Ron Paul: The People Are Disgusted with the Lying, Warmongering Democrats and Republicans By on December 4, 2012 Transcript Neal Conan: Republican Representative Ron Paul of Texas has been called the Godfather of the Tea Party. He ran for president on the Libertarian Party line, but returned to Congress as a Republican. Ron Paul: Restore the American Republic to the American People By on February 28, 2012 Transcript Ron Paul: I guess the revolution has arrived in Virginia, and I am delighted that I was here. Unstoppable Momentum: The Ron Paul Revolution Continues

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. 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 First BankThe Romans, great builders and administrators in their own right, took banking out of the temples and formalized it within distinct buildings. Visa RoyalEventually, the various monarchs that reigned over Europe noted the strengths of banking institutions.

Chart of who “owns” the Federal Reserve…once again… ;) | Project World Awareness 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. N.M. Chart 2 Federal Reserve Directors: A Study of Corporate and Banking Influence - Published 1983 The J. The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. J. Chart 3 - Published 1976 The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. Chart 4 Chart 5 Maurice F. Related articles

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. 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. Its income consists primarily of interest earned on its securities portfolio. Remember that $79.3 billion profit? Who Calls the Tune? The answer to the question “Who owns the Fed?” The U.S. president also holds substantial sway over the Fed. Rep. Related

Abolish the Federal Reserve US federal deficit: how much does China own of America's debt? | News America's federal deficit up and China owns lots of it 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. Meanwhile, there is concern that its position as the biggest investor in US debt may become political as well as economic. Treasury bonds are how the US - and all governments for that matter - borrow money: they issue government securities, which other countries and institutions buy. Mapped by Many Eyes. Previously, China has expressed concern over the security of its vast United States treasury holdings and premier Wen Jiabao has urged Washington to safeguard their value. Data summary Download the data World government data

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