The Federal Reserve is privately owned

[firefox]

I was reading at RealOpinions.com about the Federal Reserve- http://www.realopinion.com/realboards/showthread.php?t=7 It is just part of the entire book of Eustace Mullins titled "Secrets of the Federal Reserve." The book is online at http://www.apfn.org/apfn/reserve.htm

The Federal Reserve is not owned in any part by the federal government and when people talk about the Rothchilds and Bilderburgers, this is part of what they are talking about.

Has anyone read this book. This is not the best time of day to put this up, but maybe we can spark some discussion on this later, if not now.

[solinvictus]

1. Yep..

The Fed is a weird private/public thing. It's accountable to no government entity. The IRS is technically private as well.

[FloridaPat]

2. Here's one for you. They buy the money from the printers to send to

the banks. Guess how much they for a $1, $10, $100, $1000 dollar bills? The same amount - the cost of the printing. They take money from banks as insurance against banks going under "Insured by the FDIC". However, very big banks have convinved the Fed they shouldn't have to pay for insurance because they are too big to fail. So they don't pay and just to make sure nothing goes wrong, the Fed has employees in each bank to watch over things. Who pays for this? The Taxpayers, who else.

[tech3149]

3. not new info here

Check this site http://www.federal-reserve.net/thefederalreserveact.htm
It's a brief rundown of the creation of the Fed. The book noted is a pretty thorough review. If you don't have the time to read the book, he did an interview with Meria Heller. The interview is archived on her website. It'll cost $5 for a day pass access to the archives, but I think it's worth it.

[no_hypocrisy]

10. He was also interviewed last week by George Noory on

Coast-To-Coast. Check website for interview.

[Carolab]

4. Right. And the taxes we pay are just interest on their loans.

I read today that 25% of Americans refuse to send in their tax returns and pay taxes. Meanwhile, it seems that many of us who do end up getting audited and penalized, while those who skip out most often aren't even prosecuted.

[TrustingDog]

5. JFK and the Federal Reserve...

http://www.orwelltoday.com/jfkfedreserve.shtml

"On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. President Kennedy's Executive Order 11110 gave the Treasury Department the explicit authority:

'to issue silver certificates against any silver bullion, silver, or standard silver dollars in the treasury....'

Perhaps the assassination of JFK was a warning to all future presidents not to interfere with the private Federal Reserve's control over the creation of money."

etc.

[Bad Words]

6. The bank

It is somewhat government ran... Though the Fed's employees' checks don't say they're from the U.S. treasury, the Fed was created by congress and Greenspan was appointed by them. As for who owns the Federal Reserve, with the abolition of silver and gold certificates, they decided Federal Reserve notes are secured "by the assets of the bank" or something along those lines.

But you have to wonder how much that dollar is really worth... do you think they determine it's value (I'm talking current interest rates) based on the value of the Fed's assets and the amount of notes in circulation? This is why people claim that the Fed has never been audited. The Fed will point out a good number of audits into it's accounting practices and such, but the most important thing is missing - Where is the MONEY that exists to back up the NOTES? Is it in a safe in Fort Knox? Is it in the property of the banks? Does it exist at all?

The national bank has not always been around. Andrew Jackson was very proud to destroy it. Now his face is on the $10 if I'm not mistaken. I think FDR abolished the gold certificate - and made gold illegal to own, if I know my history.

[notadmblnd]

13. Our currency is backed by nothing more than our belief in it.

A book called Rule by Secrecy, I think it was by Jim Marrs is what opened my eyes to what is going on. There is an entire section in the book that explains the FED.

[Al-CIAda]

7. Video expose' on the Fed-

Phenomenon - The Lost Archives: Monopoly Men

The Federal Reserve may be one of the most mysterious entities in modern American government. Created during Wilson's presidency to protect the economy in times of financial turmoil, its real business remains to be discovered

windows media player
http://www.indybay.org/uploads/phenomenon_monopoly_men.wmv

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The Money Masters – How International Bankers Gained Control of America

An absolutely mind blowing film that covers the history of money and banking systems throughout Europe and America. It shows how a small group of men control countries through a corrupt system of finance and central banking, to enslave and oppress humanity
part 1
windows media player
http://www.indybay.org/uploads/moneymasters1.wmv

part 2
windows media player
http://www.indybay.org/uploads/moneymasters2.wmv

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Ludwig von Mises Institute - Money, Banking and the Federal Reserve
Another film exposing the joke that is 'fractional reserve banking'. Concise, only 42min

windows media player
mms://mises.org/Fed

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Madcow Productions - Masters of the Universe
Daniel Hopsicker investigates international banking and the Bilderberg group
real player
http://www.global-elite.org/modules.php?op=modload&name=Web_Links&file=index&req=visit&lid=63

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http://www.thedossier.ukonline.co.uk/video_drugsmoney.htm

[Bad Words]

9. thanks al

I'm downloading those videos now. The first one's hosted by an actor from Quantum Leap, I think his name's Dean Stockwell.

[newyawker99]

12. Hi Bad Words!!

Welcome to DU!! :toast:

[Selatius]

8. The Federal Reserve's internal operations are difficult to work out

There's relatively little information available to the layman to know what happens inside the thing. You'd think it'd be widely available given that the Fed has awesome influence over the economy. Of course, I don't think the Fed's internal workings are priority in the minds of most people, and I think the Fed is more than happy that the people don't ask too many questions, let alone dwell on how the Fed operates.

Me, on the other hand, I just don't trust bankers.

[mrbill]

11. can common mortals buy stock in the fed?

bet it's a private club.