How many peole know the federal reserve is a private bank...its about as federal as "federal" express is

Question

your comments on this subject are appreciated...and if you dont believe me look it up

Answer 1

I'm well aware about this unnecessary and corrupt system known as the federal reserve and I am aware that the people behind this pretty much run the country and have control over our money, and with that, pretty much everything. It's a scary thought.

I don't know anyone else, however, that knows about this. But my peers aren't exactly that old. I'm just a 14 year old kid.

Answer 2

The Federal Reserve has ruined your Country. International bankers out of Europe owns it, so who again owns America. Americans better wake up quick.

Answer 3

Not many is my guess

Answer 4

Yeah, the information has been out there for years. Now, how they arrive at their decisions is a very secretive process and highly suspect, in my opinion.I suspect that it is run by a Global elite that has no particular allegiance to any country or national origin, actually this is fairly obvious, given our current administration's behavior of late. I doubt that Bush even comprehends the magnitude of their international web. Disclosure of their activities will not be forthcoming anytime soon. It must,ultimately,boil down to some form of a shell game in which monetary values are exchanged on a vast basis and with very little outside input. Do not believe any of those religious idiots for a moment.

Answer 5

I do, but I am a bit older than many that frequent this format.

Answer 6

I know that the Federal Reserve Bank is owned by the private member banks.

It is given the "appearance" of being Federal in that the US President appoints the board of governors.

Answer 7

They are against God. Forgive them Lord.

The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness, for he is truly his brother's keeper and the finder of lost children. And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know my name is The Lord when I lay my vengeance upon thee. ------Sammy L Jackson

Answer 8

It was privatized many decades back.  It should be well know or, perhaps, made more obvious.

Answer 9

Probably most of the Fed conspiricists believe that.

Most people who have study economics or banking have a different view

The Federal Reserve System is a congressionally-chartered agency like the USPS and NASA. It is organized with a 100% government agency at the top (the Board of Governors), branches beneath them that are organized like corporations with member banks as shareholders.(Ref: http://www.federalreserveeducation.org/f... , http://www.federalreserve.gov/generalinf... )

The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level; it is a government agency. You can confirm this from a number of government sites that list it as a government agency (e.g. http://www.whitehouse.gov/government/ind... Board members are forbidden by law to have any economic interest in a private bank. (Ref: Title 12 chapter 3 of the U.S. Legal Code). The Board determines monetary policy and provides high level oversight of the branches.

The 12 branches can be considered highly regulated private corporations. Member banks are required to buy shares in their branch. Each bank has one vote.  They can vote for 6 of their 9 board members, the other 3 are appointed by the Board of Governors.  Though the branches are called non-profit, the member banks get a standard 6% dividend on their shares. The remaining 'profit' is turned over to the Treasury at the end of the year.

For confirmation on this, check out how Hoovers classifies them:

http://www.hoovers.com/free/search/simpl...

Answer 10

Everyone does except the odd internet troll that lurks around the shadows waiting for every chance to jump out and defend their loving and benevolent federal reserve. Geeze, ya couldn't pay me enough for that job! Other peeps that don't get it are some of the economics professors. Hey…want funding for your economics dept? Then you better tow the official line---the line that says the fed is beautiful.  Ban the fed. It is has done enough damage already. Stop it there.

Answer 11

Take a money and banking class.  Read the law concerning the Federal Reserve.  http://www4.law.cornell.edu/uscode/uscod...

Read books on the true economic history of the U.S. especially concerning the 19th century.  I recommend "The Cambridge Economic History of the United States, Vol. 2: The Long Nineteenth Century".  Finally, stop getting your information from Internet videos and conspiracy theory websites.

Fact:  The members of the Board of Governors are appointed by the President and confirmed by the Senate.  The members cannot be officers, directors, shareholders or even employees of any bank.

Fact:  While the Federal Reserve district banks do have stock, that stock can only be held by member banks.  Member banks must be nationally chartered banks or state chartered bank.  The stock has a par value of $100 per share AND DOES NOT CHANGE IN VALUE.  The stock confers NO RIGHTS OF OWNERSHIP BEYOND THE PAR VALUE.  If a district bank was dissolved, the member banks would get reimbursed the par value for the stock they hold plus any unpaid dividend.  ALL OTHER ASSETS WOULD BECOME THE RESPONSIBILITY OF THE U.S. GOVERNMENT.