US Federal Reserve which is not even run by the usa goverment has no laws to obide by. WHY?

That is an excellent question, and I wish I knew the answer! Power and greed and money, can help people get away with atrocities that the rest of us would never even dream of attempting! *sm*

That's just fringe group marlarky. I encourage you to check out the facts for yourself and will provide you some places to start.

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. (http://www.federalreserveeducation.org/fed101/stru... )

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 regularly reports to it.. 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. 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. (that's been about 95% since 1913). Are the Fed branches privately owned? The Fed says 'No' (ref http://www.federalreserve.gov/generalinfo/faq/faqf... ) but a person can make a reasonable argument otherwise.

The ambiguous nature of the branch ownership has invited some court challenges. The courts have ruled that the branch banks can be treated as a private corporations for purposes of tort law.

The laws pertaining to the Federal Reserve can be found int title 12 chapter 3 of the U.S. legal Code. (ref: http://www.law.cornell.edu/uscode/html/uscode12/us... )

That's the way JP Morgan wanted it.

As strange as it may seem it has worked for 100 years.

It becomes tricky when dealing with Government owned Banks. Like the Bank of China.

Say the Bank of China buys a block of mortgages worth a trillion dollars from a private Bank in the US.

Now who owns you house China, you, or the Bank you got your Home Loan from.

Go Team Bush Go

Because it is a private banking corporation, registered in the state of Delaware. They simply loan the money to the US Government.

read "Rule by Secrecy" by Jim marrs

it talks all about he federal reserve system and why it was created

its not necessarily all true, but it has some interesting points

I think you're a bit confused. The Fed is controlled by governors appointed by the president and confirmed by the senate. And they must obide by rules, too.

It's sort of like the Supreme Court. They are appointed and subject to approval by elected officials. They are for life terms. I wouldn't exactly say they don't have laws, they just aren't elected by the people.

It is important that this body is independent and not subject to the short-term economic whims of the people.

Excellent question.

Glad people are waking up....