Why is the Federal Reserve owned by Rothschilds and the Bank of England and not the American government?

Question

Is giving Billions and maybe even trillions a year to foreign investers smart when all the this could be done internally for cheaper?

http://www.save-a-patriot.org/files/view/whofed.html

Answer 1

What ever the answer-it/they (The Federal Reserve) and the Federal Reserve Act are unecessary and unconstitutional .

Get rid of 'em, now!

Answer 2

SSSSssshhhhhh!  You aren't suppose to know that!

You will scare the sheep with facts!

Why is it owned via them?  Because they are the elite (IE Super rich people with old money) and they enjoy controlling countries in their past time.

Answer 3

The term "Federal Reserve" applies to two things.

It applies to the Federal Reserve Board, which is the group that makes decisions for the Federal Reserve system, and which is a govt agency, whose chairman is appointed by the President and confirmed by the senate.

The term "Federal Reserve System" also describes all of the various banks -- almost all of which are privately owned -- that actually handle the money. Like most other things, the govt contracts out the actually grunt work -- and keeps only the decision making as part of the govt.

Answer 4

If I give you my answer , I will be accused of antisemitism.

England is not even owned by Brits, America is not owned by Americans... Although Israel Is owned by Jews!

Wink wink!

Answer 5

All of these answers and only one is even close.  The Federal Reserve systems is complicated, but it is not "owned" by the Rothschilds or the Bank of England.  In fact, the structure of the Federal Reserve Board and the 12 Federal Reserve district banks is defined BY LAW under U.S. Code, Title 12, Chapter 3. http://www.law.cornell.edu/uscode/html/u...

I don't have the space here to give a complete class on the Federal Reserve System, but I'll give a brief overview which can be verified in a number of ways.

The Board of Governors, located in Washington, D.C., provides the leadership for the System.

The Board of Governors, also known as the Federal Reserve Board, is the national component of the Federal Reserve System. The board consists of the seven governors, appointed by the president and confirmed by the Senate. Governors serve 14-year, staggered terms to ensure stability and continuity over time. The chairman and vice-chairman are appointed to four-year terms and may be reappointed subject to term limitations.

Among the responsibilities of the Board of Governors are to guide monetary policy action, to analyze domestic and international economic and financial conditions, and to lead committees that study current issues, such as consumer banking laws and electronic commerce.

The Board also exercises broad supervisory control over the financial services industry, administers certain consumer protection regulations, and oversees the nation's payments system. The Board oversees the activities of Reserve Banks, approving the appointments of their presidents and some members of their boards of directors. The Board sets reserve requirements for depository institutions and approves changes in discount rates recommended by Reserve Banks.

A network of 12 Federal Reserve Banks and 25 branches make up the Federal Reserve System under the general oversight of the Board of Governors. Reserve Banks are the operating arms of the central bank.

Each of the 12 Reserve Banks serves its region of the country, and all but one have other offices within their Districts to help provide services to depository institutions and the public. The Banks are named after the locations of their headquarters-Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

The Reserve Banks serve banks, the U.S. Treasury, and, indirectly, the public. A Reserve Bank is often called a "banker's bank," storing currency and coin, and processing checks and electronic payments. Reserve Banks also supervise commercial banks in their regions. As the bank for the U.S. government, Reserve Banks handle the Treasury's payments, sell government securities and assist with the Treasury's cash management and investment activities. Reserve Banks conduct research on regional, national, and international economic issues. Research plays a critical role in bringing broad economic perspectives to the national policymaking arena, and supports Reserve Bank presidents who all attend meetings of the Federal Open Market Committee (FOMC).

Each Reserve Bank's board of directors oversees the management and activities of the District bank. Six of the nine board members of a district bank are selected by the member banks with approval of the Board of Governors. The other three board members are chosen directly by the Board of Governors. Reflecting the diverse interests of each District, these directors contribute local business experience, community involvement, and leadership. The board imparts a private-sector perspective to the Reserve Bank. Each board appoints the president and first vice president of the Reserve Bank, subject to the approval of the Board of Governors.

All member banks hold stock in Reserve Banks and receive dividends. Unlike stockholders in a public company, banks cannot sell or trade their Fed stock and THE AMOUNT OF STOCK HELD BY EACH MEMBER BANK IS SET BY LAW TO A CERTAIN AMOUNT OF THE MEMBER BANKS' CAPITAL. Currently, it is 3%. This allows the Fed to have some direct control over a portion of the reserves a member bank is required to have. Reserve Banks interact directly with banks in their Districts through examinations and financial services and bring important regional perspectives that help the entire Federal Reserve System do its job more effectively. Additionally, by law, private individuals, non-banking corporations, and foreign corporations cannot own more than a tiny amount of Federal Reserve stock and these small owners have no say in the operation of the banks. These member banks don't really 'own' the Federal Reserve. The stock structure is setup so the Federal Reserve system can have some control over the member bank reserves and to offset the lost ability to generate revenue from the mandatory reserves.  This stock also does not confer any ownership rights beyond the par value of the stock.  In other words, in the event a Federal Reserve district bank was closed, member banks of that district would only get the amount of money they paid in to subscribe to the shares.  All excess assets and capital would remain the property of the U.S. Government.

Approximately 38 percent of the 8,039 commercial banks in the United States are members of the Federal Reserve System. National banks must be members; state-chartered banks may join if they meet certain requirements.

Another interesting fact: The Federal Reserve is required to return interest collected less a small amount for operations on U.S. Government securities to the U.S. Treasury. In 2006, the Federal Reserve collected $36.5 billion on the $770 billion in U.S. Government debt that it held. Of that amount, $29.1 billion was returned to the U.S. Treasury. Don't believe me? Check the INDEPENDENTLY AUDITED financial statements of the Federal Reserve banks for yourself. They can be found in the Federal Reserve's ANNUAL REPORT to Congress.

http://www.federalreserve.gov/boarddocs/...

The Federal Reserve is audited each year. The Federal Reserve's financial statements are audited by an outside auditor retained by the Office of the Inspector General. The GAO has completed numerous reviews and audits of the Federal Reserve over the years. Completed and active GAO reviews and completed OIG audits, reviews, and assessments are listed in the Board’s Annual Report. The Board's Annual Report is one of the reports that the Federal Reserve is required to submit to Congress each year.

http://www.federalreserve.gov/boarddocs/...

BTW, the one case that many Federal Reserve conspiracy theorists misquote was a case concerning a traffic accident involving a vehicle belonging to one of the Federal Reserve district banks.  Lewis, brought suit against the U.S. Government under the Federal Tort Claims Act.  Basically, the U.S. Government requested a dismissal of the case because the Federal Reserve Bank, while under the supervision of the Board of Governors, is not controlled by the government for routine day-to-day operations.  In fact, the Federal Reserve Act specifically provided for claims and legal matters.  The court ruled that for the purposes of the Federal Tort Claims Act, that the Federal Reserve Bank was a private entity.  However, it also stated that the Federal Reserve Bank "have been properly held to be federal instrumentalities for some purposes."

So, you can believe Google videos and conspiracy theories or you can actually take the time to learn how the Federal Reserve actually works.

Answer 6

Ever hear of the Illuminati....google it.......

Answer 7

Careful now you start asking intelligent questions you might find yourself getting tazed.

Answer 8

It isn't. Whoever told you that, was lying. You might want to question their motives for doing so.

Honestly.....you Americans! You are an international joke!  Any time some mad Medicine Man dreams up some new conspiracy theory, you are all jumping on a band-wagon that doesn't exist.

When are you all going to get smart and start finding things out for yourselves? You have plenty of information resources available.Truth is only a couple of searches away.

No wonder you have corrupt politics and disgraceful business practices. None of you sheep can think for yourselves. It is a real pity, because at heart most of you are really nice people. Some of us aliens (non-Americans) wish you all well.

Answer 9

Doesn't surprise me, seeing how Americans outsource everything else.

Answer 10

This has been going on for a long time my friend. Keep digging and you will find other names in there like Bilderbergs and Rockefellers. When you dig even further you'll find the name that ties it all together...the Illuminati. Google it and see for yourself it goes global and thats the way they want it.

Answer 11

The Federal Reserve is the primary reason we citizens have to pay income tax.

I don't think the Bank of England is even owned/controlled the the English government.  It is still a private entity.

So very sad that our government got tricked into creating the Fed.

Answer 12

because the American people are naive

Answer 13

This is a great question and one that I see more and more lately and I find many people are asking the same thing. Many more than just "conspiracy theorists" I understand this has been in place for almost 100 years but has had no true legality to it. If this comes to light as a traitorous action against the United States, sanctioned by our own government, what can the people do? Look at what is happening to Ed and Elaine Brown for refusing to pay income tax based on that same fact you state, since the IRS is the collection agency for the Federal Reserve and the Bank of England...

"It is dangerous to be right when the Government is wrong."

Voltaire -

Answer 14

The only way to stop this is to abolish the federal reserve act and the only one that will do that is Ron Paul! Google Ron Paul and Federal Reserve and see what comes up.

The Federal Reserve is illegal and unconstitutional.

Ron Paul for President 2008!

Answer 15

What a lot of nonsense. You really need to get your conspiracy theories up to date. Check the facts for yourself

- There is no structure or mechanism for private ownership of the Board of Governors which heads the Federal Reserve System. The members are forbidden by law from having any financial interest in a private bank and most have never worked in a private bank. (see NGC's post above for more detail)

The Federal Reserve branches require the member member banks to buy shares. All member banks are domestic.

Regardless real power of the Fed, the ability to control monetary policy, is the responsibility of the Board of Governors. (Ref: http://www.federalreserve.gov/generalinf... )

- The Bank of England was nationalized in 1946. It is a government institution. There are no shareholders. (Ref: http://www.bankofengland.co.uk/about/his... )

- The Rothschilds banking empire is a shadow of a once great banking empire. Most of their banks have been closed a long time ago (ref: http://en.wikipedia.org/wiki/Rothschilds and

http://www.answers.com/topic/rothschild-...

Go over that diagram you referenced. See if you can prove any of it true today.

Answer 16

ask abraham lincoln, he started a war for it so it could take over all the states and control all the money and economy and in turn the populace.

it's always been private and will remain that way.  99% of americans have no clue about the fed and think it's part of the gubmint.

Answer 17

I just learned that the Fed can control unemployment rates by raising and lowring interest rates. When the rates are high, people are less likely to buy cars, houses and businesses are less likely to hire. The Fed purposely keeps millions of Americans out of work because all of these expert economists haven't figured out a way to stem off inflation. Keeping millions of Americans out of work also keeps downward pressure on wages because if everyone in America had a job, they could demand hire wages and better benefits from their employers. If their employers said no, they'd just go work somewhere else. Anyone else see anything wrong with this picture? I mean, I'm not an economist, but there's got to be something better than this system.

Answer 18

It is a private company.

http://www.fdrs.org/federal_reserve_owne...

The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office.

http://www.federalreserve.gov/pubs/frser...

Basically it is a bit of both

http://en.wikipedia.org/wiki/Federal_Res...

Answer 19

England holds more of the worlds finances than any other other country in the world. They have made Finance their industry just as we have made automobiles ours. Finance holding is their way of making money more so than any other business in England.

Answer 20

The federal reserve is owned by the member banks.   The game is slightly slanted:

http://www.a2dvoices.com/realityCheck/ma...