Yep, it's private, and employees, especially high ranking ones, move back and forth between the fed and top corporate banks. Subsequently, the federal reserve decides it's in America's best interest to loan to these banks at near 0% interest so they can re-loan that money to regular people with a several percent, no risk mark up. Cloak it all in secrecy, even from congress, and what could possibly go wrong?
Also, this shouldn't be in the conspiracy theory section, it is objectively true and openly admitted that they are a private institution.
No mention of global influences, and the Saud family connections to the reserve?
tell us more!
yep, there is nothing federal about it, and they are lacking in 'reserves'
It's all a mind game.
yep, there is nothing federal about it, .
yep, there is nothing federal about it, and they are lacking in 'reserves'
It's all a mind game.
Next: The Electoral College isn't really a college!
Next: The Electoral College isn't really a college!
why are you saying that? You can't compare these, that's idiotic.
But do you think I am wromg, because of this posting?
No mention of global influences, and the Saud family connections to the reserve?
Of course it's a private bank. We knew that already.
Uhh, yeah, it's a private bank.
In other news, dogs like to pee on trees.
The Federal Reserve is more accurately described as quasi-government agency.
The regional Federal Reserve Banks are privately owned, but they are controlled by the Board of Governors which is a federal agency whose members are appointed by the President and confirmed by the Senate. The Board sets monetary policy and the Federal Reserve Banks execute it.
But don't let a better understanding get in the way of your smart-arse comments.
yep, there is nothing federal about it, and they are lacking in 'reserves'
Terribly sorry, Mike?
Is that satisfactory?
The Fed is a private corporation with stock with the stockholders being member banks. The only "Federal" control about it is that its governors are appointed by the President of the US and are approved by the Senate.
I agree that there needs be some saner heads and influence, besides just from the bankers. It behooves the bankers for the system to be stable with a growing economy... still I do not particularly trust them to make sound decisions. The whole fractional reserve banking system needs more scrutiny, more discussion, more explanation... the gold standard is a tough complex nut to crack as well...
The Federal Reserve is more accurately described as quasi-government agency.
The regional Federal Reserve Banks are privately owned, but they are controlled by the Board of Governors which is a federal agency whose members are appointed by the President and confirmed by the Senate. The Board sets monetary policy and the Federal Reserve Banks execute it.
Nope, it is exactly the other way around.
What you are writing is the official fairy tale!
The FED owns the government.
In your OP, you said, "there is nothing federal about it". I pointed out it was a "quasi-government agency".
Whether or not, " it is exactly the other way around", doesn't diminish my point that it is "quasi-government agency", as "exactly the other way around" still implies it is a "quasi-government agency".
I do not support the Federal Reserve and strongly believe it to be robbing fiat dollar holders of their purchasing power. However, you must present more than you're opinion and provide some proof that "The FED owns the government." Otherwise, a conversation with you will be about as valuable as with the guy spouting out "jesus loves you" from the street.