Federal Reserve Bank privately?

Skater's misinformed on the issue at hand here. The first couple sentences are correct, but it isn't the politician's we need to be worried about. It is the Fed. They have lent trillions of OUR money to foreign nations without consenting with the people. It's OUR money, not theirs. They print currency and lend to their buddies who are Wall St financiers without consent of Congress or the people (an act which you and I would be charged with counterfeiting if we did it.)

I will supply a few links that will help you and Skater become educated on the most important issues surrounding the Fed.... I sure hope you can find the time....

The Fed under fire.... http://www.youtube.com/watch?v=zpbW64vRrMc

Criminal Rothschilds and the Banking system history.... http://www.youtube.com/watch?v=USGSOViaulc

Money, Banking, and the Fed..... http://www.youtube.com/watch?v=iYZM58dulPE

Fed pays banks to NOT give loans in spite of stimulus aimed to 'stimulate economy'

... http://www.youtube.com/watch?v=Gkf8VG3HL_8

You can also pick up a book or two and learn quite a bit.... "The Creature From Jekyll Island" is my best recommendation along with "End The Fed" and "Secrets of the Temple".

Or.... if you have the time (2+hrs), I would highly recommend you watch "Fall of the Republic". Cross reference the material, do extra research if you need to. But this documentary will unveil the TRUE ownership and purpose of the Fed.... http://www.youtube.com/watch?v=VebOTc-7shU

The sh|t gets deep my friend....hopefully you will take the advice of one of the world's greatest economists....

"Everyone carries a part of society on his shoulders, no one is relieved of his share of responsibility by others. And no one can find a safe way for himself if society is sweeping towards destruction. Therefore everyone, in his own interest, must thrust himself vigorously into the intellectual battle." ~ Ludwig von Mises

ADD: @ Cat: Anytime! Those are just a few that stand out to me. Congressional testimony and the videos depicting the words of the elite themselves are the most damning indictments.

Your dad is right.

The Federal Reserve bank is a privately owned bank - controlled and regulated by international bankers such as David Rockefeller.

The Federal Reserve Act of 1913 allowed the Unconstitutional Federa Reserve board to take control of the U.S. money supply, a power that once belonged to the United States Treasury.

Since its creation in 1913, the value of the dollar has gone down by 96%.

The Federal Reserve caused the great depresssion, and every economic downturn since its creation in 1913. The Federal Reserve also funded dictators such as Saddam Hussein, and it funds all these illegal wars that we currently have.

The United States is broke....we don't have money to spend on wars!!...so what do we do!? We ask this beauracratic illegal bank to print more money!...which inflates the currency even further. This is counterfeit money...If you and I were to counterfeit money we could go to jail, but the Federal Reserve gets away with it all the time!

You clearly do not understand the purpose of the Federal Reserve Bank. Unlike commercial banks in the private sector, e.g., Bank of America, Wells Fargo, etc., the FRB is the US government's place to deposit the monies it receives from taxes, duties, fees, etc., and from which to pay its bills. I recommend you read up on US history, as well as the US Constitution and the Federalist Papers, for additional background information. Heck, check out their website for information.

The Federal Reserve is a unique legal entity that can be described as an independent government agency with member bank participation. It is organized with a 100% government agency at the top (the Board of Governors), and branches beneath them that are organized like corporations with member banks as shareholders.(Ref: http://www.federalreserveeducation.org/fed101/stru... , http://www.federalreserve.gov/generalinfo/faq/faqf... )

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. There is no structure or mechanism for private ownership at this level; it is a government agency. You can confirm this from a number of government sites that list it as a government agency (e.g. http://www.whitehouse.gov/government/independent-a... Board members are forbidden by law to have any economic interest in a private bank. (Ref: Title 12 chapter 3 of the U.S. Legal Code). The Board determines monetary policy and provides high level oversight of the branches.

The 12 branches can be considered highly regulated private corporations. Member banks are required to buy shares in their branch. Each bank has one vote. They can vote for 6 of their 9 board members, the other 3 are appointed by the Board of Governors. Though the branches are called non-profit, the member banks get a standard 6% dividend on their shares. The remaining 'profit' is turned over to the Treasury at the end of the year. All 'national banks' are members. You can review the list of national banks at http://www.helpwithmybank.gov/national_banks/bank_... .

For confirmation on this, check out how Hoovers classifies them:

http://www.hoovers.com/free/search/simple/xmillion...

And those shares that the member banks own? Some say there are so many restrictions that it falls short of true ownership

From Edward Griffin, noted anti-fed intellect and author of "Creature from Jekyl Island"

"It's a hybrid, part corporation and part government, part private, part government.

..

Every bank that's in the system is an owner of the Federal Reserve... But that's as far as it goes because those stock certificates do not carry with them any of the attributes of private ownership. For example, the holders of these certificates cannot sell them. If you can't sell something then you don't really own it, that's one of the tests of ownership, your ability to dispose of it. You cannot sell it. Furthermore the larger banks put up more money than the smaller banks, it's a ratio to their assets, so the larger banks have more stock certificates in the system than the small ones and yet regardless of the number that they hold, every bank has just one vote. There's another violation of the principle of private ownership. Furthermore that vote doesn't buy them anything. They can't vote for anything of substance; they cannot vote for their national management which is the most important thing, isn't it? The board of directors and chairman of the Federal Reserve System are appointed by the President, they're not elected by the banks that are part of the system, the President does that."

The Fed is indeed an independent bank.

The chairman of the Fed is appointed by the President, but the

Fed makes its own policy. It is very important that they maintain

independence from the government, because as you see from the

way congress spends money, politicians cannot be trusted to be

in charge of the money supply and monetary policy. It is just another

one of the important checks and balances that help keep the country running

properly.

The Federal Reserve is a privately owned 'entity' that lends money to the Federal Government. It is not part of the Federal government, and is basically unconstitutional.

Edit: Thanks "End the Fed" for the links. I knew you had them.

wall street bankers own the federal reserve

The Rothschild family, and other investors. Most are not American.

UNKNOWN-it's a secret & private cabal all public faces are mere employee's...research all you want all ends in dead ends...

wall street