Do you still think that the FEDERAL RESERVE is a government agency??

Question

http://www.globalresearch.ca/index.php?context=va&aid=8974

How can you be so gullible? I remember once poster saying, "of course their federal...look at their website..its end isn .gov". What an idiot.

Answer 1

NOTE:

JFK had plans to dismantle the Federal Reserve,

and that + rejecting Operation Northwoods, probably got him killed.

Just a bit of food for thought.

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another individual here posted

"The Federal Reserve System is a government agency with branches that can be considered highly regulated member-owned corporations."

can anyone elaborate on this?

What about the claim that the Fed has never been audited?

Answer 2

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$...

Answer 3

The decision to help rescue Bear and Stearns is certainly worthy of debate.

However, it should be debated around facts.

The Federal Reserve System is a government agency with branches that can be considered highly regulated member-owned corporations.

At the top of the FRS is the Board of Governors.  There is no mechanism for private ownership at this level.

As an example, employees at the Board of Governors are consirdered Government, while employees at the branches are considered private.

If you understand this dichotomy, then you understand the public/private legal status that is the Federal Reserve System. Those that think it is 100% private have chosen not expand their thinking beyond the conspiracy theory sites.

If you're not sure or have doubts, just read up on the Federal Reserve Board of Governors in any encyclopedia or macroeconomics book.

Answer 4

No, it isn't. More specifically, I believe it is a political sub-division.

An example of a political sub-division is your local transit authority. A public and private entity.

Regardless, a public and private entity  is unconstitutional!

Answer 5

No, of course it's not.

LOL..

Answer 6

Great Article and website:

The Federal Reserve is a Private entity set up by bankers to rob the public to bailout the bankers!

"The “rescuer” was not actually JPMorgan but was the Federal Reserve, the “bankers’ bank” set up by J. Pierpont Morgan to backstop bank runs; and the party “rescued” was not Bear Stearns, which wound up being eaten alive. The Federal Reserve (or “Fed”) lent $25 billion to Bear Stearns and another $30 billion to JPMorgan, a total of $55 billion that all found its way into JPMorgan’s coffers. It was a very good deal for JPMorgan and a very bad deal for Bear’s shareholders, who saw their stock drop from a high of $156 to a low of $2 a share. Thirty percent of the company’s stock was held by the employees, and another big chunk was held by the pension funds of teachers and other public servants. The share price was later raised to $10 a share in response to shareholder outrage and threats of lawsuits, but it was still a very “hostile” takeover, one in which the shareholders had no vote.

The deal was also a very bad one for U.S. taxpayers, who are on the hook for the loan. Although the Fed is privately owned, the money it lends is taxpayer money, and it is the taxpayers who are taking the risk that the loan won’t be repaid. The loan for the buyout was backed by Bear Stearns assets valued at $55 billion; and of this sum, $29 billion was non-recourse to JPMorgan, meaning that if the assets weren’t worth their stated valuation, the Fed could not go after JPMorgan for the balance. The Fed could at best get its money back with interest; and at worst, it could lose between $25 billion and $40 billion.4 In other words, JPMorgan got the money ($55 billion) and the taxpayers got the risk (up to $40 billion), a ruse called the privatization of profit and socialization of risk. Why did the Fed not just make the $55 billion loan to Bear Stearns directly? The bank would have been saved, and the Fed and the taxpayers would have gotten a much better deal, since Bear Stearns could have been required to guaranty the full loan."

Answer 7

No.  I have know for a long time that the Fed is a "quasi government' agency...meaning, it's not.  Abraham Lincoln and JFK were assasinated for believing that they could do away with the rich's foot on our (taxpayer's) neck.  

Ron Paul 2008.

Answer 8

The Federal Reserve was NEVER a government agency.  What are our schools teaching???  

In my opinion, the Federal Reserve needs to just go by the wayside

Answer 9

lol @.gov. no they are not a part of the government ,I do believe thats why kennedy was killed , for he opposed secret societies and the fed reserve .

Answer 10

No, the Federal Reserve is no more a government agency than Federal Express.

For the Federal Reserve to be a government agency, it would have to be under either the Executive, Legislative or Judicial branch of the federal government.  There are only THREE branches.  The Federal Reserve is a creation of the Congress, but it is NOT under the US Congress.  It is a private agency, that works together with our politicians to defraud the American people.

Answer 11

Even Section 4 of the Federal Reserve Act designates the Fed banks as PRIVATE CORPORATIONS.

"Upon the filing of such certificate with the Comptroller of the Currency as aforesaid, the said Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power—

First. To adopt and use a corporate seal.

Second. To have succession after the approval of this Act until dissolved by Act of Congress or until forfeiture of franchise for violation of law.

Third. To make contracts.

Fourth. To sue and be sued, complain and defend, in any court of law or equity.

etc, etc........................................

Privately-owned banks own the stock of the FED. This was explained in more detail in the case of Lewis v. United States, Federal Reporter, 2nd Series, Vol. 680, Pages 1239, 1241 (1982), where the court said: "Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region. The stock-holding commercial banks elect two thirds of each Bank's nine member board of directors".

The Fed refuses to release a list of its own shareholders.

I think this past year, with Bear Stearns and now Freddie & Fannie, has proven that our economy is about to collapse and the Fed is largely if not solely to blame.  This is what happens when you allow Private Bankers to determine the inflation and deflation of an entire country.  You get a scientifically engineered Depression.

Expect the next President (both Candidates are CFR) to call for a Supranational body and currency to "save" us from our economic woes.  I give it two years or less.

"The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, member of Council on Foreign Relations (CFR), mentor to Bill Clinton, quote from “Tragedy and Hope”, 1966

Answer 12

Yes, it is supposed to be so!

Answer 13

"Unregulated Chaos"~!!!

so if they go after them our whole banking system collapses,

and if we don't go after them the y continue on and get even more untouchable, which Bush has recently signed papers for~!!!!

the only way i can think of disrupting these Elite Fascist Bast*ds is mass work stoppages, and a total shutdown of buying gas, and maybe a list of all subsidies ran by J.P Morgan Bank, and a boycott of these company's~!!!

problem is they have their hands into everything, but they need to be held accountable somehow~!!!

our Country would have to pull together and go into a "Survivalist" mode, against the Government and J.P. Morgans companies~!!!

and i think that is what the FEMA camps and the training for the National Guard and other Police forces to hande mass confrontation is all about~!!!

they are preparing for the day we do try to put a stop to it~!!!

WTF~????!!!!