Who Actually Owns the Fed and Why That Must End

WHO ACTUALLY OWNS THE FEDERAL RESERVE AND WHY THAT MUST END
Global Revolution 1: American Revolution 2: Day 25: Communication 1
11 Oct 2011 (g1a2d0025c1)

Few questions of late have been asked more frequently or answered with less transparency than this one:

WHO OWNS THE FED?

The domain name for the official website is FederalReserve.gov, the ".gov" extension of which suggests that the Federal Reserve System (a.k.a. the "Fed") is part of the United States government and therefore owned by the American taxpayers. But that is not the case. As the Fed itself states...

"The Federal Reserve System fulfills its public mission as an independent entity within government. It is not 'owned' by anyone and is not a private, profit-making institution. As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms."

http://www.federalreserve.gov/faqs/about_14986.htm

Parts of that statement are true, sort of, and parts of that statement are not. Factcheck.org provides a better answer:

"There are actually 12 different Federal Reserve Banks around the country, and they are owned by big private banks. But the banks don't necessarily run the show. Nationally, the Federal Reserve System is led by a Board of Governors whose seven members are appointed by the president and confirmed by the Senate... The concept of 'ownership' needs some explaining here, however. The member banks must by law invest 3 percent of their capital as stock in the Reserve Banks, and they cannot sell or trade their stock or even use that stock as collateral to borrow money. They do receive dividends of 6 percent per year from the Reserve Banks and get to elect each Reserve Bank's board of directors. The private banks also have a voice in regulating the nation's money supply and setting targets for short-term interest rates, but it's a minority voice. Those decisions are made by the Federal Open Market Committee (FOMC), which has a dozen voting members, only five of whom come from the banks. The remaining seven, a voting majority, are the Fed's Board of Governors who, as mentioned, are appointed by the president."

http://www.factcheck.org/2008/03/federal-reserve-bank-ownership/

That's a better answer, but not a totally complete or correct one. Yes, there are 12 Federal Reserve Banks, all of which are owned by private banks, and all of which must pay dividends to their owners. So contrary to what it claims, the Fed is not only privately-owned but a for-profit enterprise. And yes, there *should* be 7 members of the FOMC appointed by the government and 5 appointed by the banks. In fact, however, for unstated reasons and for some time now there have been only 5 people seated on the FRB Board of Governors, none of whom are celebrated consumer advocates...

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

...which means government appointees do NOT outnumber bank appointees on the FOMC, and you can rest assured that the private banks DO "run the show":

http://tinyurl.com/6346ltz

So the question then becomes:

WHICH PRIVATE BANKS CONTROL THE FED?

The Web is awash with lists and percentages on this one supported by nothing more than links that refer to other links that refer back to the original and often anonymous post. A notable exception is the work of Jake Towne, who in March of 2009 applied an admittedly imperfect but plausible engineering approach to the problem and, after some extensive research and number-crunching, concluded the following:

"[The] top 4 banks - Bank of America (BAC), JP Morgan Chase, Citigroup, and Wachovia - would control roughly 50% of the stock of the Federal Reserve Bank, and the top 10 banks, including Wells Fargo (WFC), HSBC (HBC), and the Bank of New York (BK), would control over 68% of the stock."

http://seekingalpha.com/article/123381-who-owns-the-fed

So according to Jake, whoever ultimately controls these ten banks thereby also controls the Federal Reserve:

Bank of America Corp.
JPMorgan Chase & Co.
CitiGroup
Wachovia Bank (subsequently acquired by Wells Fargo)
Wells Fargo N.A.
US Bank
State Street Corp.
HSBC Bank
Suntrust Bank
Bank of NY Mellon

TO RECAP... The Federal Reserve System that has used its debt-based currency to exploit our economy since 1913 is a private banking cartel consisting of 12 regional Federal Reserve Banks. Each of those banks are required to pay dividends to their shareholders, which makes them for-profit enterprises. Those shareholders are all private banks and obviously also for-profit enterprises that exist not to maintain the welfare of humankind - or even the American subset thereof - but rather to maximize the wealth of their shareholders.

AND WHO ARE THEIR SHAREHOLDERS?

Keep tracing your way up the ownership pyramid, and you may find some have (in)famous names like Rothschild, Rockefeller or Buffett. Others in this global elite we collectively refer to as "the 1%". Either way, their interests align with those of the rest of us - "the 99%" - only in the same manner as those of shepherds and the sheep that they shear in good times and slaughter in bad.

This must end. And that is why the Fed must end.


Related Image:

http://img338.imageshack.us/img338/9514/fedmembersgraph.jpg

Related Video:

http://tinyurl.com/kleptocracytutorial


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I AM NOT ANONYMOUS. I AM AN AMERICAN.

I am not just a Consumer. I am a Citizen.

I will no longer be labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.

I will no longer follow Puppets labeled Left or Right, Liberal or Conservative, Demopublican or Republocrat.

I am the People. And I am coming for the Puppetmasters.

I am part of the 99 Percent. And I demand the following:

1. End the Fed.

2. Reverse Citizens United.

3. Repeal PATRIOT Act.

4. Expose 9/11 Truth.

5. End Profit Wars.

6. Refund Taxpayer Trillions.

7. Imprison the Kleptocrats.

8. Single Term Limits.


###

LABELS (A POEM OF PROTEST)

"Democrat", "Republican",
The parties of the system;
Puppets both, for sale their votes,
No character or wisdom.

"Liberal", "Conservative",
For change or status quo?
Pick either one, the change is none,
All charlatans and whores.

Far "Left" we place the Anarchists,
Libertarians claim far "Right";
Yet both decry the government:
False continuum brought to light.

For oil, "We" bomb their mud huts,
Strip them bare, then offer "Aid";
And fake their retribution as
Pretext - a false flag raised.

Unarmed hundred thousands killed
By weapons of "Defense",
While rights are lost for "Freedom" sake -
On profit, all depends.

With stroke of pen, the "Patriot" Act,
And patriots' gifts are taken;
Then "Citizens United" leaves
Our citizens forsaken.

We protest loss of liberties,
Put "World Wide Web" to use;
Cloudmark Authority censors us
For "messaging abuse".

They label us to finger-point,
With labels, "They" deride us;
Their labels keep us all at bay,
For with labels, "They" divide us.

IronBoltBruce


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JOIN THE GLOBAL REVOLUTION!

Occupy Wall Street:

http://www.livestream.com/globalrevolution

http://occupywallst.org/

Occupy DC:

http://www.ustream.tv/channel/october2011

http://october2011.org/

Occupy LA:

http://www.livestream.com/owslosangeles

http://occupylosangeles.org/

Occupy Together:

http://occupytogether.org/

Watch these Videos:

http://tinyurl.com/kleptocracytutorial

Take this Pledge:

http://wp.me/p19dS3-9o


###

PUBLIC NOTICE: No talking heads on Comcast/GE's NBC/CNBC/MSNBC speak for us. No talking heads on Murdoch's Faux News speak for us. No talking heads at the Kleptocracy's Compliant News Network (CNN) speak for us (no matter how dull, deliberate or subtle their delivery). No talking heads in the lamestream media speak for us, period. And neither do ANY of the 537 bought-and-paid-for Kleptocracy puppets in Washington DC who will soon be joining our legions of unemployed!

 

If you end the present FED who would run it?

The YouTube explanation is worthwhile listening to.

Plus the articles in the original posting above by Daniel Gross and JakeTowne are awakening and intriguing.

G Edward Griffin - Creature From Jekyll Island A Second Look at the Federal Reserve
http://video.google.com/videoplay?docid=6507136891691870450#

http://www.gedwardgriffin.com/

G. Edward Griffin (born November 7, 1931) is an American Film producer, author, and political lecturer. He is perhaps best known as the author of The Creature from Jekyll Island (1994), a critique of much modern economic theory and practice, specifically the Federal Reserve System.

 

The banks do not own the FED, but they have/had Profiteers in key position in government that oversee and run the FED: like Shuster, Sommers, Frank, Polson, Bernanke, Ghitner, Rubens, Greenspan, etc. All have close ties to banks and banking families.

this is why banks can get a bail out in 2007 and 2008, but the taxpayer bites it.

 

The evidence is pretty much self evident seeing that trilateral members are everywhere every administration from international banking elite,high ranking political leaders,Corporate moguls, and military officers

The trilateral commission formed by David Rockefeller has had its members infested in each administration going back to Carter,who himself was a trilateral member. So was Bush Sr, Clinton,Geithner,Greenspan,Larry Summers,Robert Rubin,Paul Volcker,Kissinger,Cheyney

World Bank trilateral members
Robert McNamara (1968-1981)
A.W. Clausen (1981-1986)
Barber Conable (1986-1991)
Lewis Preston (1991-1995)
James Wolfenson (1995-2005)
Paul Wolfowitz (2005-2007)
Robert Zoellick (2007-present)

http://www.youtube.com/watch?v=8xrS_CSae6o&feature=player_embedded#!

ORIGINAL FAMILIES............
* Rothschild Banks of London and Berlin
* Lazard Brothers Bank of Paris
* Israel Moses Sieff Banks of Italy
* Warburg Bank of Hamburg, Germany and Amsterdam
* Kuhn Loeb Bank of New York
* Lehman Brothers Bank of New York
* Goldman Sachs Bank of New York
* Chase Manhattan Bank of New York (Controlled By the Rockefeller Family Tree).



These families dont giver up their power,in fact they kill anyone who tries to stop them....They have assassinated Presidents,and politicians going all the way back to Lincoln. So you cant say EXACTLY WHO owns it,but more or less.

 

Up here in Canada we Canadians do own our own central bank... but..... we virtually stopped using it in the '1970's which was a serious error.

"We never should have privatized our debt and turned it over to the
private banks, we should have kept it in the hands of the Bank of Canada,
at least a major part of it, because then we would have been paying
interest back to ourselves." (NDP Leader Jack Layton)

 

great thread and great replies to it.

 

I was happy watching Jake Towne lose so badly in his 2010 run for Congress. As Bugs Bunny said "What a maroon!"

 

Up here in Canada our government has owned our Central Bank since .....(if I remember correctly)....1913.... but we didn't use it much until 1940 and we virtually stopped using it again in the '70's.

www.BankingSystemFlaws.blogspot.ca/

 

Just actually watched part of a video with some of this information, about who's at the top of the illuminati. Rothschilds, Rockefellars, Builderbergs, Free Masons, Counsel on Foreign Relations, League of Nations, Trilateral Commission, Skull and Bones, Club of Rome, Vatican, Roman Catholic Church, Jesuit Order, Mormons, Jehovahs Witnesses, the occult, international banks, cia, nsa, mi6, mosad, and many other groups and societies make up this illuminati, and they all serve their purpose. These are the global elite / globalists. The one running the show…the evil one…the devil.

 

There are options to altering the ownership of the Fed.

One of them is for each State to print up its own State currency unit that is NOT backed up by debt that produces theoretically impossible to repay compound interest on that debt.


http://www.politicalforum.com/polit...-could-utah-state-dollar-save-usa-dollar.html
Could a Utah State Dollar save the USA Dollar?
Have you seen any of the following films:

1. The Future of Food
2. Food Inc
3. The World According to Monsanto.

If so..... then you know that the USA dollar to some degree is linked to and backed up by a plan to control the world's production of food in such a way that could eventually produce global famine.


"George Soros says that America must give up the dollar and accept world currency."
http://www.examiner.com/article/geo...aggregation&fb_aggregation_id=288381481237582


Back in 1994 I found out that President Lincoln had saved American taxpayers four billion dollars in interest payments and since that time I have been wondering what alternative was available to improve monetary policy that would not scare the investors on Wall Street.

A Utah State Dollar could perhaps be the answer!????!!!

 

But…… does Leviticus 16:10 indicate that a time is coming when one of the leading fallen angels returns to G-d with his whole heart….. and does this event turn most or even all of these formerly messed up organizations more and more toward light - love - gratitude - faith - hope?


http://www.politicalforum.com/relig...en-angel-return-g-d-divide-kingdom-satan.html
Does a major fallen angel return to G-d and divide the kingdom of Satan and...
cause it to fall?

"but the goat on which the lot fell for Aza'zel shall be presented alive before the LORD to make atonement over it, that it may be sent away into the wilderness to Aza'zel."(Leviticus 16:10 RSV)
In a nutshell I have came to strongly suspect that Azazel is the fallen angel who will be somewhat like General Abner who brought the ten tribes over to King David or to Rav Shaul/Paul who repented of persecuting Christians and followers of God.

I suspect that when the fallen angel Azazel returns to the God of Abraham with his whole heart...when Yom Kippur is completely fulfilled....then a major step will have been taken toward the ushering in of a truly new era of worldwide peace where even the eating habits of wild animals like lions will be altered!







"And Jesus knew their thoughts, and said unto them, Every kingdom divided against itself is brought to desolation; and every city or house divided against itself shall not stand:And if Satan cast out Satan, he is divided against himself; how shall then his kingdom stand?"
(Matthew 12)

 

9/11… have you ever read about how an economic experiment began in Worgl, Austria was also attempted successfully in over one thousand communities in America?

http://www.whatcomwatch.org/php/WW_open.php?id=717

 

The Federal Reserve Bank is partially controlled by the U.S. President (with Senate confirmation of appointees), but various select banks also get to appoint board members.

As for who "owns" the Bank, it is more of a question of who hold equity in the bank, that is where the money is going to go. Seems like a giant cartel, and subsidized by the taxpayers because the U.S. government decides to collect taxation in the form of Federal Reserve Bank notes.

 

In a way...… we Canadians owe you an apology for our ignorance about what was going on behind the scenes at the time of America's War of Independence?!


http://www.politicalforum.com/showthread.php?t=394887&page=2&p=1064757736#post1064757736

Ignorance shown in my 2008 campaign, my apology to Ms. Elizabeth May!


I also wish to apologize for our elitism because it has been playing a significant role in your economic crash of 2008. If a higher percentage of Americans understood the full implications of truly wise monetary policy the world would begin to look quite different indeed!

Chapter 49 — The History of Banking Control in the United States
http://www.michaeljournal.org/plenty49.htm

Alain Pilote:

 

I see someone already mentioned "The Creature From Jekyll Island," which is the book I was going to recommend. I myself have not read it, but I have read several excerpts, and also some quotes from the author. It's certainly on my must-read list.

We can go on and on about why the FED should be abolished, and I think most anyone who knows about how the FED operates (getting interest on money that they never had, producing nothing while profiting from everything) would agree.

The thing I've always wondered is what to replace the FED with? The concept of local currencies is intriguing, and I hope some of the more knowledgable people on here can shed some more light.

Because if anyone makes a move on the Federal Reserve, there needs to be a solid alternative already planned.

 

I am of the belief that the ownership of the Fed does not have to be completely altered.........… but it may be wise to set up something large enough..... to swallow it when the time comes?!

http://www.politicalforum.com/polit...-could-utah-state-dollar-save-usa-dollar.html

Could a Utah State Dollar save the USA Dollar?



Have you seen any of the following films:

1. The Future of Food
2. Food Inc
3. The World According to Monsanto.

If so..... then you know that the USA dollar to some degree is linked to and backed up by a plan to control the world's production of food in such a way that could eventually produce global famine.


"George Soros says that America must give up the dollar and accept world currency."

http://www.examiner.com/article/geo...aggregation&fb_aggregation_id=288381481237582

 

The stupid is strong in this thread.

As the Federal Reserve itself explains, in a page partially described in the OP, the whole point of the Federal Reserve is to make it independent from government, so it can make its decisions for economic reasons, not political ones.

Yes, the member banks are owned by private banks. But they don't control the system. Ultimately, Congress has complete control over the Fed by statute.

Then there's this:


The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.


The banks are operating arms of the Fed. But they are controlled by the Board of Governors, which in turn is controlled by Congress (directly, by statute), not to mention the government appointees on the board, including the Chairman.

Again, the whole point was to insulate monetary policy from politics. I'm curious why y'all think that's a bad thing.

 

In my opinion this is an exceptionally good reply to this topic.

I would greatly appreciate your analysis of this related question:

http://www.politicalforum.com/opini...etary-policy-central-american-revolution.html

Is it historically accurate that monetary policy was central to American Revolution?

 

Anyone understand how markets were manipulated pre federal resserve and the US had a 2008 crisis less than every 5 years on average PRE federal reserve???

Facts: Yes, the Federal Reserve banks are privately owned, but they are controlled by the publically-appointed Board of Governors. The Federal Reserve banks merely execute the monetary policy choices made by the Board. In addition, nearly all the interest the Federal Reserve collects on government bonds is rebated to the Treasury each year, so the government does not pay any net interest to the Fed.

....Moreover, monetary policy is controlled by the publically-appointed Board of Governors, not by the Federal Reserve banks.


Fact: Independent accounting firms conduct full financial audits of the Federal Reserve banks and the Board of Governors every year. The Fed is also subject to certain types of audits from the Government Accounting Office.



Facts: The Federal Reserve rebates its net earnings to the Treasury every year. Consequently, the interest the Treasury pays to the Fed is returned, so the money borrowed from the Fed has no net interest obligation for the Treasury. The government could print its own currency independent of the Fed, but there would be no effective safeguards against abuse of this power for political gain.


MORE HERE

http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html

 

Well, the obvious answer, the traditional way to go, is gold and silver coinage. Or convenient paper money backed with gold/silver, as the U.S. dollar once was.

read the fine print on this 1928 paper dollar:
http://numismaclub.com/imgs/a/e/a/e...e_star_funny_back_kl_1446___fr_1601_1_lgw.jpg

Another idea is to use a more complicated commodity-backed system, with maybe a basket full of 10-20 different types of commodities (gold, oil, wheat, steel t.ex.).
It does not actually have to be directly redeemable, in fact current Federal Reserve note dollars are actually backed by mortgages, in large part, and you don't just go down to your local federal reserve bank with a hand full of dollars and redeem the mortgage on someone's property. (too complicated to get into how it works here)

 

Why would you want commodities rich nations to be able to set the US dollars values? Places like like Australia, Russia and China?

 

I was wondering about this very question!!!!!

Thank you!!!!!

 

dad2three........ your statement has off the scale implications!

So big that I just began another discussion with a quotation from you:

http://www.politicalforum.com/lates...ence-federal-reserve-doing-excellent-job.html

I just read powerful evidence that the Federal Reserve is doing an excellent job.

 

President Lincoln decided on a USA dollar that was backed by the productivity of Americans...... nothing else.

That is the system that I like.

This thread seems to me to be relevant to the possibility of Mr. Donald Trump becoming President.

http://www.politicalforum.com/showthread.php?t=450898&p=1066041830#post1066041830
Some powerful people fear The Donald might turn out to be another J.F.K!

 

Dad2three.... I quoted you again here and I would love for you to weigh in on this
because frankly.... lives are at stake.

http://www.politicalforum.com/showthread.php?t=479770&p=1066730346#post1066730346

November 9, 2016 - January 19, 2017... How to weld America back together?