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Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.
The FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money. Forty cents in every dollar of US taxes.
Originally posted by johnny2127
reply to post by Rockpuck
Yes they do. I know we cant go back and forth on this. But the Fed isn't just a regulatory board. They are a for profit corporation. Not a govt agency, not a regulatory agency. A for profit bank.
Originally posted by Rockpuck
reply to post by johnny2127
....You um ... you don't actually consider that "evidence"?
I was thinking more along the lines of detailed information per the Federal Reserve and what they do with the funds they receive after a T bill matures...
Originally posted by the way
Is the federal reserve U.S owned?
Many think not.
According to Wikipedia-
As of February 11, 2009 according to the Federal Reserve Bank of New York the list includes:
BNP Paribas Securities Corp.
Bank of America Securities LLC
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.
Looks like there are huge amounts of capitol invested by British, German, Swiss and Japanese PRIVATE BANKS to me!
Are wutone and myself the only ones who have picked up on the real ownership of U.S debt?
Many of these banks are rumoured to be part of the international banking elite, which many people have connected to the NWO.
Seems fairly alarming to this observer.
And if true, would call into question the accuaracy of the thread title?
Updated: Aug 4, 2009
Bank of America (Details)
Received other federal aid. See details. Bank (Public) N.C. $52.5 billion
JPMorgan Chase, NA (Details) Mortgage Servicer N.J. $3.4 billion
CIT Group (Details) Bank (Public) N.Y. $2.3 billion
There are more than one type of treasury, a t-bill being on the shorter side actually. What I am saying that they do is receive interest for the bonds that they hold
nd also charge a margin of interest for the money they print and put in circulation.
These things are all facts.
But the interest paid until then is kept by the Fed. Same with the interest paid on the currency they print and circulate.
The Federal Reserve is the only for profit corporation in the country that doesn't have to pay any taxes on its profits.
IMF a good enough source of proof for you?
Rockpuck, lets assume for a moment that the fed isn't a for profit organisation.
I think its worth stating that the Fed IS totally unregulated.
The pertinent question being-why are the elite banking families of europe propping up the Fed if they don't make any money out of it?
If you are correct and the fed is not a for profit organisation and they don't get paid, wouldn't one way to get money be to bring about the current crisis and get all that nice bailout money and buy up all the smaller banks?
Excuse me if I have been naieve, most of my knowledge on the Fed comes from threads I have read here on ATS.
Regardless of if these banks are families or not, I'm still confused as to what they actually get out of putting money into the Fed?
Division of Earnings Dividends and Surplus Fund of Reserve Banks
(a) After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend of 6 percent on paid-in capital stock.
..it is an independent entity within the government, having both public purposes and private aspects.
Like Wall Street’s finest, the Fed makes money on a spread. Its main source of funds comes from issuing cash, since currency in circulation is, in effect, an interest-free loan by the public to the central bank. The interest it earns on its loans and securities is almost pure profit, or “seigniorage,” most of which it remits to the Treasury.
Earnings. The FRBs are highly profitable. The Federal Reserve has made a profit every year since 1916 including throughout the Great Depression. Average annual profit during the last 5 years (2004–2008) was $30.7 billion. Clearly, FRB income generation capacity far exceeds that of any commercial bank owing to the spread between its main conventional financing source, banknotes, and its holdings of Treasury assets. This link is so well established that FRB transfers to Treasury have been called “interest on FR notes” since 1947.44 Figure 16 provides the FRB “return on capital” for selected years dating back to 1951. This compares with an average return on U.S. commercial bank equity of 13.7 percent during the period 1998-2007. Therefore, while it would take the average U.S. commercial bank approximately 7 years to double capital by fully retaining earnings, the FRB could conceivably do so in one.
a revaluation of the FRB gold certificates would provide a “paper” profit of approximately $236 billion.