Is it true what I heard about the Federal Reserve?

Question

Is it really not Federal at all? Please someone explain this to me..I'm confused. What do they do exactly?

Answer 1

You mean that loving and benevolent everyday banking cartel?  Private.  Not owned directly by international banking crooks, but the crooks are profiting from it and using their power and wealth to influence our monetary policy to their advantage.  T'is time to round up the crooks and give 'm first class housing in the FEMA camps.

Answer 2

The Federal Reserve, in conjunction with corrupt politicians, devised a scheme to fleece the American people.  Congress, in violation of the Constitution, created a central bank, which issues debt notes.  Congress passed legal tender laws, requiring the American people to accept federal reserve notes for all debts, public and private, even though the Constitution is specific in requiring Congress to coin money.  The Constitution also defines money as gold and silver.

This criminal arrangement between corrupt politicians, and their creation, the Federal Reserve, has inflated our dollar to the point, that it is worth about 2 cents of the 1913 (pre-Federal Reserve) dollar.

This was accomplished in several steps:  the creation of the Federal Reserve in 1913, the stealing of the American people's gold by a criminal named Franklin Roosevelt, and the complete disconnect between the dollar and gold, by a criminal named Richard Nixon.

Answer 3

The federal reserve, in times of economic

turmoil.  Like right now, we just printed 2 billion

dollars and put it into circulation.  To explain this

it takes a minute so bear with me.  It works like

this.  If I have 100,000 dollars, that paper money

represents something of real value.  Something equal

to 100,000 dollars.  Here it is backed by labor, human

labor.  So if the value of what is represented by the

dollar does not change, yet you print more dollars to

put into circulation.  You have decreased the value of

the paper dollar.  If I printed another 100,000

dollars, each dollar would be worth half of what it

was worth before I printed the second 100,000.  So if

I have a multibillion dollar a year industry like oil,

I take the money I made that year and put it in

offshore bank accounts.  The more I make, the less

there is to go around.  Hense slowing the economy, I

tell my buddies at the Fed to print more money.

Making my product cost more dollars, since the dollar

is worth less I have to charge more of those dollars

to equal the same amount of product.  I just made more

than I would have last year because it took more of

your hours to purchase my oil.  The costs of

everything else go up as a result.  And there you have

inflation.  Well deflation of the dollar.  Compared to

eachother, the price of gold vs oil have not changed

in relationship to eachother in 200 years.  The same

amount of gold purchases the same amount of oil as it

did 200 years ago.  The only difference is that our

dollar is worth 96% less than what it was 100 years

ago.  There is only 4% left to go then we collapse.

Repeat and repeat, you hit zero at some point. No

money= no imports=no food, since our government is

paying farm subsidies to produce corn for ethanol, not

food.  This is the first year ever that the "bread

basket of the world" imported wheat.  Causing a 600%

increase in the price of flour.  That was simple

supply and demand.  We stopped supplying they kept

demanding.  This is all happening now all by

coincidence right?  Whatever.  Anyways, they print

more money, causing us to pay more without making

more, hense making us poorer.  You have to work harder

to purchase more, that is the sole reason that prices

raise.

Answer 4

"Federal as the Federal Express?! That is a good one!" :)

Most countries have a central bank, ours is called the Federal Reserve. France has Banque de France, Germany has Deutsche Bank, Great Britan has the Bank of England. If you look at dollar bills it says "Federal Reserve Note" not US Government on the top.

Answer 5

Yeah, it's about as Federal as Federal Express.

Answer 6

more like ups

Answer 7

No , its not goverment . The Bildebergs , Rothchilds, Rockafellows ect; own it.  They have all the money, the banks use their money to make loans.

Answer 8

we have been fighting their wars for them and breaking our backs for them and going bankrupt for them for a loooong time~!!!!

and during all this time they have been working against us to get TOTAL control of it ALL~!!!

Answer 9

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 as 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...

Other links on the topic:

http://www.geocities.com/CapitolHill/Emb...

http://www.publiceye.org/conspire/flaher...

http://famguardian.org/Subjects/MoneyBan...

http://webskeptic.wikidot.com/federal-re...

Answer 10

One of the great scams thrown over the American people by Woodrow Wilson (Worst president ever) in 1913.

Our monetary system is controlled by a private bank that has no accountability to anyone, prints up money out of nothing, backed by nothing, and then 'loans' the government that money... at interest.

The Fed. has a monopoly on counterfeiting.

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