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Lv 5
? asked in Social ScienceEconomics · 9 years ago

Can you please give me a list of privately owned (not government owned) Central Banks?

To get you started the Federal Reserve, Bank of England, ....

Update:

Research my friend, research.

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  • 9 years ago
    Favorite Answer

    Neither the Federal Reserve or the Bank of England are privately owned.

    The Bank of England USED to be privately owned but hasn't been since 1946. The Federal Reserve has NEVER been privately owned. The belief that it is privately owned is conspiracy theory nonsense based upon a misunderstanding of its structure and taking some quotes out of context.

    If you believe that both of those central banks are privately owned, then what you have done is not research. What you have done is read or watched sources that make baseless claims that are not properly supported by verifiable facts. You need to learn how to distinguish between reliable sources of information and those that are not reliable. Reliable sources of information about a subject are those that are written by recognized and respected experts in that subject. If you wanted to learn how a nuclear reactor worked, who do you ask? A cashier, barber, lawyer, doctor, mechanic, or nuclear engineer? Of course, you would ask the nuclear engineer. I will never understand why people believe that a person that doesn't have a degree in economics is an expert on the Federal Reserve.

    Concerning the "ownership" and structure of the Federal Reserve, one has to look no further than the law that created it. For a further explanation that includes citations to law, see my answer at http://answers.yahoo.com/question/index;_ylt=Ak1e6...

    EDIT: I see that there is at least one person who prefers delusions instead of reality. The LAW shows that all those IDIOTIC conspiracy theories are wrong. Any claims about the Federal Reserve that do not agree with the law are nothing but nonsense.

    EDIT #2: As I said, RELIABLE SOURCES OF INFORMATION. Any moron can make a video and post it on the Internet, that doesn't mean the moron knows WTF he is talking about. If you want to learn about monetary systems and economic history, take some college courses. Bill Still and Patrick Carmack are not economists and do not know WTF they are talking about.

    The Board of Governors of the Federal Reserve control the entire system and implement monetary policy. The Board of Governors does not issue stock and is not "owned". The 12 district banks do issue stock, but that stock is different than any other corporate stock. In addition only nationally chartered banks and some state banks may subscribe to this stock and the amount they must subscribe to is set by law. Of course, you would know all of this if you bothered to read my other answer that I linked to earlier in this answer.

    As far as profit is concerned, ALL NET PROFITS OF THE FEDERAL RESERVE ARE PAID TO THE U.S. TREASURY EVERY YEAR AS REQUIRED BY LAW. This can clearly be seen on the independently audited financial statements of the Federal Reserve which are public record for anyone who bothers to look.

    As for "The American Dream Film", it gets very little right.

    1. The Federal Reserve is NOT unconstitutional. It was long ago established that Congress has the power to charter a bank and to authorize that bank to issue circulating notes. See McCulloch v. Maryland 17 U.S. 316 (1819). Of course, I guess that you believe you know the Constitution better than Chief Justice John Marshall. A man who was a member of the Virginia delegation that actually ratified the Constitution.

    2. The clause in the Constitution referring to gold and silver coin is a restriction on the STATES as is evident by the two words at the beginning of that clause, "NO STATE".

    3. Congress has the power to regulate the value of money and it also has the power to "make all laws" to carry out its powers. If you think Congress alone must regulate the value of money alone, I suppose you also believe that those Congress people should be out building the post offices and building the roads too.

    4. The Federal Reserve DOES NOT loan money to the government. In fact, it is prohibited from doing so by law. The government borrows money by issuing U.S. Treasury securities which are sold at auction. Anyone may buy these securities at auction, even you.

    5. The Thomas Jefferson quote used in the film is FAKE. The words inflation and deflation were not used in Jefferson's time. The term, 'inflation' was a term during Jefferson's time, but it was not commonly used. The term, 'deflation' was not used until the late 1800s, long after Jefferson was dead. In addition, the quote cannot be found in any of Jefferson's writings.

    Of course, I am sure that none of that will deter you one bit from your obviously delusional view about the Federal Reserve. I didn't expect that you would let actual facts get in the way of your delusions.

    Source(s): Master of Arts Economics Reality Law
  • Anonymous
    9 years ago

    There are only two kinds of central banks, government or independent organization.The latter one uses mostly inflation targeting.But if you mean the central bank system,there are two kinds,federal reserve or normal central bank. The chair person is nominated by the President. But he/she could be a private banker before.

  • matt h
    Lv 4
    9 years ago

    just read the news and see what country the U.S. may be heading to war with.... that will rule out any WITH a private central bank

  • Anonymous
    9 years ago

    All Central banks are government organizations. Government has limited control over them just as it has limited control over courts - for the sake of division of power.

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  • 9 years ago

    Those are all government owned. They are not privately owned.

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