reply to post by 00nunya00
First off, I read (not a great source, could be wrong, but a citation nonetheless) here that there are something around 1,000 member banks just of the
NY-district Fed; is this way off?
It depends on what you're considering to be "part of the Fed". The Federal Reserve technically oversees the entire banking industry.. it is the
controlling board for everything, even banks that are not members. There are approximately 5,000 Bank Holding Companies, but not all bank holding
companies are National Banks, or have the appropriate amount of assets to be considered a "Member Bank" with voting power. There are also some 900
State banks that also do not have the appropriate holdings for Member Bank status. There are approximately however 400 or so actual "Member Banks",
that is, National or Regional banks that qualify for the status of Member Bank with voting power in the Reserve. But no, it wouldn't surprise me if
there were 1,000 banks in NY that were supervised by the Federal Reserve, but not actual Members. A list is very hard to come by..
This is a list of all the current officers in the Federal Reserve Banks .. it also lists "where they come from" that is to say, their position
before being appointed an officer in the Reserve.
but taking your answer below into account, I'm suspecting you're really saying "there's no conspiracy there." Right?
There are two main conspiracies that all Reserve conspiracies can be grouped into.
A.) The Federal Reserve uses, manipulates, and controls the Federal Government for the purpose of personal financial gain.
B.) The United States uses the Federal Reserve for itnragovernmental gain by using a concealed method of financial manipulation to better control the
direction of the overall national economy.
I personally subscribe to conspiracy B. Many people would rather believe secret and mysterious powers behind the scenes are manipulating our poor
defenseless government to enact crazy laws that hurt the poor defenseless people. Hence where "NWO, Illuminati, Banking cartels" etc all stem from.
A belief in secret powers manipulating the masses. Because that's not actually very scary.
What's frightening is that the people we see on TV every day, out in the open, are the ones manipulating and controlling us, who force their ideas
down our throats, who run for office on promises, then shatter them and tell us tough !%!@ get over it. Who use agencies like the Reserve to tax us
through inflation, and through their monetization allow the ever expanding government to swell in size. Government has always been a source of evil
.. I refuse to believe bankers got their hold on a righteous government, because I simply don't believe in righteous governments.
Some governments try to literally spend, that is printing money, to grow in power.. it's a doomed philosophy .. it goes into the whole economic
theory that we revolve around. If you're up for an informative but long read: www.abovetopsecret.com...
There is a lot
of confusion about our monetary policy because it's highly illogical, but it works for the purpose the Government uses it for. And it's not to say
there have not been huge benefits for the average American, but in the long run it to leads to disaster and an ever hostile government simply because
of the lack of logic. It's an economic theory that violates every classical rule of economics.
finding out how much JFK actually did to run our country into massive debt with, in hindsight, pretty ambitious socialist programs, was the nail in
If JFK served today we would all be talking about his long line of corruption, void of morals, and vile personality. Personally, I always thought he
was killed by the Mafia, which his family had a long history with. Or the CIA, which he managed to piss off to no end.
I'm referring to the dividend they get for having to reserve their chunk of money necessary to buy stock in the Fed to join, that they can't loan
against (but you're not disagreeing with my overall point, so it doesn't really matter in the end):
There is confusion as to what's paid out. As far as I understand (and I too may be wrong) the Regional Banks pay the dividend with regional profits
(loans made to other banks residing in the region) and not on the Monetization of the Federal Reserve (act of purchasing US Treasuries) because the
actual Federal Reserve Board, which does the asset purchasing on behalf of the Treasury (creation of LLC's to bury bad debts and liabilities) has no
stock holders like Regional Banks .. and regional Member Banks only get a share of the profit of their regional bank. That's to say a Member Bank in
District 1 cannot claim dividend on District 7