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Questions about the Federal Reserve

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posted on Oct, 8 2008 @ 08:33 PM
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There's a lot of information about the Federal Reserve being privately owned by central banks.... It is said that the Federal Reserve lends money to the government on interest, and we are basically paying for that interest as tax-payers....

I don't fully understand this and am hoping someone can explain it.... Can anyone give me an example of how the Federal Reserve does this? Can someone give me an example of how the profits of the Federal Reserve become private? Is it true that the rothschilds/rockefellers somehow control all of this? And if they do control, how exactly would they excercise that control?




posted on Oct, 8 2008 @ 09:07 PM
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Your question is great as it shows you are waking up. The FED or Federal Reserve was created in 1913/1914 and yes it's name is deceiving because many people believe it is a part of our government when it is NOT. It's a privately held bank and now part of the IMF (world bank which has it's own story). There is a great video on google video about the fed and it's creation (as there is just simply too much history to type it out here), so type in federal reserve in the search for google video and you can easily find it.

We (our government) elects (for a 14 year period) 2 posts to the Fed governing body but there are actually 7 on this board and frankly yes, our Fed has MORE power than all 3 of our branches of government put together. How can I say that? Well, the Fed controls how much money is printed and in circulation at any given time which also controls inflation or deflation. These 2 factors alone make it very powerful if you think about the implications. Additionally the Fed operates under a FIAT system which really means that it operates off of debt and does not have the equal proportion of money in the bank to cover it's loans, expenditures, etc. This is REALLY how part of the Depression got started because of the run on the banks for their money. When they ran out the doors closed. (I am oversimplifying here)
I am a strong proponent of Ron Paul and for getting rid of the Fed all together. This will of course never happen because thy have too much power and influence. Also of interest check out the last time an audit was done on Fort Knox? News flash - the gold is gone....

Just a bit of info to get you started on your own research...

Sheree C



posted on Oct, 8 2008 @ 09:26 PM
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The Federal Reserve is not privately owned and it is not owned by central banks. It is a central bank.

The Fed is composed of, among other things, 12 regional banks. These banks do not own the Fed and the Fed does not own them.

These 12 banks are in turn "owned" by numerous private banks via share ownership. The regional banks do not make a profit.

The private banks which are part of this system (look for "National" or "Federal" in their name) are privately owned and do try to make a profit. One of the ways they do this is by loaning money and charging interest. One of the way they get money is by borrowing money from people (savings accounts) and other banks. When banks borrow from banks or people they pay interest. The fed tells these banks how much interest they can charge each other.

The government often spends more money than it "earns" (taxes). When it does, it has to borrow money from these private banks. When it borrows from these banks, it pays interest just like individuals and companies do when they borrow money.

The Fed itself does not earn interest (at least it didn't until Monday, it started getting a lot weirder on Monday, but if the Fed does turn a profit the government should benefit. If the government does, it would mean that it has less debt which is presumably good.). The privately owned banks that are members, do.

[edit on 8-10-2008 by Phage]



posted on Oct, 8 2008 @ 09:26 PM
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reply to post by Anonymous ATS
 


I am not at all surprised that the gold is gone. Somebody ripped us off!

We were given gold certificates in exchange, and even if we were allowed to try and get gold back for those pieces of paper...there is no gold to get back.

Any speculation as to who has the gold now? The same ones who took the gold in the Towers after 9/11, perhaps?



posted on Oct, 8 2008 @ 09:40 PM
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reply to post by Phage
 


..er.. Federal Reserve is essentially a Board of Banks, the top banks in the country which hold shares in the board..

It is not a Government entity..

And the FED does NOT LOAN MONEY TO THE GOVERNMENT .....

The "debt" and the "interest" we pay to our debts is actually in the form of various securities.. the most notable being bonds.. also Treasury Bills... I believe Commercial Paper to be prominent as well ..

Wake up.. sure.. do it in an orderly and educated fashion though..



posted on Oct, 8 2008 @ 09:42 PM
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reply to post by Amaterasu
 


There's no way to determine whether or not gold is missing from Fort Knox. No full audit has been done since the '50's.

It doesn't really matter that much anyway. US currency is not based on gold. No country bases their currency on gold. There is no international gold standard. There is no particular reason for the US government to own gold.



posted on Oct, 8 2008 @ 09:46 PM
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reply to post by bidu82
 


This pretty much explains it all. It's long, but definitely worth the time.

Louis McFadden on the Federal Reserve
Speech by Rep. Louis T. McFadden denouncing the Federal Reserve System
-- by Louis McFadden, 1932-06-10 source: Congressional Record, June 1932, pg 12595-12603


www.modernhistoryproject.org...



posted on Oct, 8 2008 @ 09:50 PM
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We do pay for things in Gold.. I know we pay for our naval base in Cuba in Gold.. it's been used to trade in the ME as well.. every country has some form of Gold Reserves. Several countries are even talking about adopting a new gold standard, mainly ME countries, Russia and China have toyed with the idea as well as all 3 have huge gold reserves.



posted on Oct, 8 2008 @ 09:52 PM
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Originally posted by Rockpuck
reply to post by Phage
 


..er.. Federal Reserve is essentially a Board of Banks, the top banks in the country which hold shares in the board..
I think I said that



It is not a Government entity..
I did not say it was



And the FED does NOT LOAN MONEY TO THE GOVERNMENT .....

I did not say it does. I said the member banks do, but as you point out:



The "debt" and the "interest" we pay to our debts is actually in the form of various securities.. the most notable being bonds.. also Treasury Bills... I believe Commercial Paper to be prominent as well ..



Wake up.. sure.. do it in an orderly and educated fashion though..

Thank you for the correction. I'm working on it.



posted on Oct, 8 2008 @ 11:07 PM
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Actually..



I think I said that


No, you did not..



The Federal Reserve is not privately owned and it is not owned by central banks. It is a central bank.


It's not a bank at all, actually.. banks have to have deposits or investments.. the money loaned from the the Federal Reserve is fictitious.. is did no exist until they said it did.. the difference between the way they do it, and the way banks do it is a bank has to at the very least deposits to cover the mandated ratio...




I did not say it was


Right.. you said:



The Fed is composed of, among other things, 12 regional banks. These banks do not own the Fed and the Fed does not own them.


Last I checked, a regulatory commission that has no Congressional oversight and no judicial over sight.. is in fact not sanctioned by the Government..

In fact, all of it's funding comes from over night loans, and emergency loans .. the profit is then split between the SHARE HOLDERS .. ie .. major banks (not regional by the way)

Then you go on to say such absurdities as:



The private banks which are part of this system (look for "National" or "Federal" in their name) are privately owned and do try to make a profit


Federal Express is called.. Federal .. and is in no way federal lol

National City .. is not national ..

The top banks on the Federal Reserve are Bank of America, Chase, Citi and Wachovia.

None of which are called "federal" .. none of which are called "national" ..

HSBC North America is up there as well, however, lol .. doesn't mean they rule America. Well, they might rule a few congressmen.. what ever..




Thank you for the correction. I'm working on it.


Last bit of my post was directed toward thee errr.. annon poster.



posted on Oct, 9 2008 @ 12:03 AM
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I was using this sense of the term "central bank". There seems to be a wide variety of definitions but is not this the supposed function of the Federal Reserve?

Central bank: A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy.

Source

I was not referring to all business with the words "Federal" and "National" in their names. I was referring to banks (e.g: First National Bank, First Federal Bank). I have been under the impression that, in order to include these words in their name, the bank must be a member of the Federal Reserve. I did not mean to imply that all member banks include the word but I see I was in error in any case. Do you know of any regulation in regard to these words in relation to financial institutions?

Thanks again. I'll go away now.

[edit on 9-10-2008 by Phage]



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