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What branch of the federal government does the Federal Reserve Bank belong to?
The Federal Reserve controls all credit in these United States.
How did that come about, and why? And what did Woodrow Wilson have to do with the opperation of the Federal Reserve?
8 Answers
- Anonymous1 decade agoFavorite Answer
The Federal Reserve System, even though it sounds like a government agency (Federal), is a privately owned corporation. Most Americans are absolutely clueless about this because most people are naive enough to believe what they are told without verifying facts. Joseph Stalin said "if you tell a lie long enough soon enough most people will believe it." That's paraphrased but the meaning is the same.
The owners of the Federal Reserve also control, by owning the majority shares of stock, many other corporations including much of mainstream media to include CBS, NBC, ABC, CNN, network radio and 1,000's of newspapers, magazines and websites not to mention Hollyweird.
Nearly all members of Congress (most politicians) are merely puppets for the owners of the Federal Reserve as are nearly all major Presidential candidates. Henry Ford said "If the American people knew how the Federal Reserve worked there would be a revolution overnight."
There are very few members of Congress who have enough spine to speak the truth about the Federal Reserve. Ron Paul is one of the few. You can encourage him to get into the Presidential race at http://www.ronpaulexplore.com/
He's one of the very few members of Congress who actually has a track record of supporting the United States Constitution regardless of party politics or prevailing political winds. You hardly have to make the decision to support him today. But without him in the Presidential race the only choices the American people will have for President are the candidates whom they owners of the Federal Reserve have already preselected for us. Can you say Clinton, Obama, McCain and Guilianni?
The owners of the Federal Reserve have a 14-point political agenda that is against your best interests. Once you find out what that agenda is you'll wonder why you've never heard about any of this before. If you haven't seen the movie Freedom To Fascism it may be the most important movie you see all year. It's available through http://www.freedomtofascism.com/
Now some weirdos will call this a conspiracy theory. If they'll bother to read the law it more like conspiracy fact. There is not a single person in American who will take up my challenge to debate them in public on the topic of the Federal Reserve.
The owners of the Federal Reserve are trying to pit Americans against each other. Black vs. White, Rich vs. Poor, Democrat vs. Republican, Christian vs. Anything else, Men vs. Women. And as long as they continue to successfully divide us they will entirely conquer us.
In 1900, before the Federal Reserve came into existence, the average American paid just over 5% of their earnings to support local, state and federal government through taxes and public debt was essentially non-existent. By 2000, the owners of the Federal Reserve - whose monetary policies both precipitated and perpetuated the Great Depression - had encouraged local, state and federal governments to increase our tax burden to over 33%. On top of that is the combined public debt of our federal, state and local governments. It is so phenomenally unbelieveable that we hear only whispers about it from the spineless puppets parading before us as politicians.
Next year Americans will be forced to carry a National ID card just like Nazi Germany. 100 members of the United States Senate voted in favor of this proposal. Democrats and Republicans agreed unanimously. Does anyone else smell the rat? Or would you rather sit back and watch more of your freedoms disappear.
Americans are just like the proverbial frog in the saucepan on the stove. We're slowly being boiled. We are being cooked without realizing it. And we're the main course.
President Thomas Jefferson said "a revolution about every 200 years." That due date has expired. The owners of the Federal Reserve, which is the single most profitable business in the entire world., would rather you be indecisive. They hope you will continue to make excuses. They're betting all their chips on you being utterly compliant until those RFID chips get put into your Driver's License.
Then Big Brother won't be so Orwellian. It'll be surreal. It's time to stand up and be counted for. This is your call to action and the door is open. You can reach me at us2092@yahoo.com for details.
It's well past time for America to grow up and for Americans to take back our country and work together to build a better America. Please copy this and pass it along to your fellow countrymen. Encourage everyone you know to inform themselves on the facts of the Federal Reserve. See the Freedom To Fascism movie. Support Ron Paul for President.
Do this and we may lose, do it not and we certainly will. The owners of the Federal Reserve are like a school yard bully. They will keep pushing for more control until they have it all. All it takes to stop a bully is for somone to knock a few teeth out.
During the American Revolution the colonists were just about evenly divided. There were three key groups. The Tories who supported the King of England continuing to govern America. The Traitors (where my bloodline is traced back to) who stood for independence and freedom. And a third group. That's right neither the Tories nor the Traitors were in the majority.
The same is true today in politics. A majority never is needed to win. It's always a minority that determines the direction a community or our society goes in.
So what was that third group? It was what I call fencesitters. They took no sides and they probably told each side, at different times, that they supported "their" efforts.
The only question that remains is what are you? Which side will you stand on? Will you be labeled a revolutionary like me? Will you be a puppet for the owners of the Federal Reserve? Or will you sit on the sidelines and do nothing?
The people in the cheap seats are simply followers. They will follow whoever leads. That is the decision they are relegated to having chosen to sit in the bleachers. So, if you're a leader take action.
I served in special forces while on active duty so I'm not about to train my opponents. They will learn their lessons the hard way on the battlefield. The owners of the Federal Reserve are the enemies. Again, the only question you have to ask yourself is which side are you going to be on?
Source(s): Owen-Glass Act, 1913. Secrets of the Federal Reserve by Eustace Mullins. - gray shadowLv 61 decade ago
The Federal Reserve was set up to be a quasi-independent agency. It reports to congress but requires authorization from the U.S. Treasury for any operations regarding the printing of currency.
To review the structure:
The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations.
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 and, by law, must present periodic reports.There is no structure or mechanism for private ownership at this level. Board members are forbidden by law to have any economic interest in a private bank.
The 12 branches, however, are organized similar to private corporations but report to the Board of Governors. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. These shares cannot be sold on the open market. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. I equate the arrangement to a government agency (the Board of Governors) contracting out the day to day operations to a tightly controlled and regulated company.
The Federal Reserve does not have the direct authority to print money. When new currency is needed, rhe Fed submits a request to the U.S. Treasury who approves it and places an order with the Bureau of Engraving.
The origin of the Federal Reserve originally was to prevent bank failures by providing a lender of last resort to banks with cash shortfalls. It was debated for some time and happened to be proposed after Wilson was elected.
The original structure gave the branches considerable autonomy (i.e. private control) and the dominant banks didn't seem to mind the failures of rivals. That change with the Bank Act of 1935 when control over the entire system was given to the Board of Governors. Claims of private ownership and control of the Fed has it's origins in the pre-1935 arrangement.
Source(s): http://www.federalreserveeducation.org/fed101/stru... http://www.federalreserve.gov/generalinfo/faq/faqf... - Jarod RLv 41 decade ago
It does not belong to any branch nor answer to any branch. It is an independant buisness. It prints the money that the U.S. government distriputes.
For example: We'll say for the sake of math that it costs them 10 cents to print a bill. Then they give it to the U.S. government for what the balance of that bill would be, for the simple minded we'll use a $5 bill. Like we said it costs them 10 cents to print one correct? Okay then what happens for that $5 bill that they make they charge the U.S. government $4.90 to distribute the dollar. See how that works? Let me reiterate.
That bank charges the U.S. government 10 cents for every $5 bill that they print meaning that the government now owes this bank $4.90 for ever dollar printed.
It was one of the reasons that Abraham Lincoln Was assasinated. He printed Real American Government bills & distriputed them to the public. That is one of the reasons that the National debt won't be going away any time soon.
- WolfpackerLv 61 decade ago
According to the original law forming the Federal Reserve , it does not belong to any branch. While members are replaced after 14 yrs & they are nominated by the President & confirmed by the Senate, they are a self sustaining orgainization. They do make reports to keep Congress informed but do not answer to them.
Woodrow Wilson created the Federal Reserve to help control & maintain stability of the US dollar. It seems to work as our dollar is strong.
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- Anonymous1 decade ago
Zero 1 is right on. We are being run by international banking. They are the planets supreme beings.
- Anonymous1 decade ago
the fiscal branch.
- FRAGINAL, JTMLv 71 decade ago
The Federal Reserve Bank is under the supervision of the Finace Derpartment because it concerns money.
- Anonymous1 decade ago
Dept of the Treasury