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Originally posted by 00nunya00
reply to post by SwissMarked
Yeah, see, this is the kind of "answer" I keep coming upon. Except, for all the insistence of these links, no one can actually produce any evidence. All I'm asking for is this "obvious" link. If it's so obvious, then it shouldn't take more than 500 words or so to spell it out, right? Not much work for one person when such a "simple" answer could rally the multitudes.
We all have our strengths and weaknesses. Economics research is not one of my strong suits, but rallying the multitudes is----if someone can give me the simple, verifiable links to the power structure and explain where the conspiracy lies in regards to the Fed being controlled by private interests and not government-appointed individuals, I'll do my part and spread the message far and wide.
Originally posted by St Udio
the Fed is just the machine the inner-circle, cartel of predator/illuminists run for the inner-circles perpetual wealth
the Fed writes the rules so member banks can keep 2 sets of books, they can exceed the 9% fractional reserve and legally increase the member banks 'Leveraging' to 40-50-60% instead of 9%
this allows a new batch of newcomers to join into the inner circle of elite illuminists to rise from member bank obscurity into affluence and power
all Fed branches are not equal... the NY Fed for instance, its vote counts for 4X what the 11 other Fed branches count in making decisions... the federal government is a servant to the Fed Reserve and does not make decisions as you seem to be saying--- neither do the member banks have a vote.... the 12 District banks vote but that is just the vote of the mechanism--- the real owners of the Fed sit in a secret oak paneled room and EMail the 12 Fed districts how to vote
i don't think you have a real working knowledge of the layers & levels involved in the working of the Fed Reserve
i think this thread is just a trap to uncover individuals that know too much & could be labeled as terrorists
so if you post too much factual info, you could be putting a noose around your own neck,
i am not a person of interest... so forget that
got gold?
edit on 5-2-2012 by St Udio because: (no reason given)edit on 5-2-2012 by St Udio because: (no reason given)
Originally posted by 00nunya00
reply to post by SwissMarked
Okay, see, that's just more assertions with no citations to back them up, and not even saying anything specific. I appreciate your responses, but if you can't answer my questions, you're doing nothing to help me or anyone else. If you can answer these specific questions, then we can talk about "the webs" and "hands washing each other" and whatnot:
1) How do the "bad guys" control the Fed if its policies are decided upon by a majority of people appointed by the government? Even if there are a few member banks that control the majority of the stock in the Fed, they only get one vote per bank, so how is any one bank more dominant than the next in the decision-making process?
2)Where is the huge profit for member banks if they get only a 6% interest cut of the earnings of the Fed, and the rest of the annual profits go back to the Treasury?
So my question is, what's in the deal for member banks that makes them want to be part of the Fed system, then? Why would they want to be a member of a system where their individual vote means very little since there's thousands of member banks besides them, but they are (I assume) under new rules and regulations for being part of the system? Where's the profit or power?
And if your answer is that the board members are really bank-appointed and the POTUS/Senate thing is just a ruse, can you explain to me how the current members are obvious shills? People like Sarah Bloom Raskin seem to have very little public history before being appointed (or maybe I'm just a bad researcher), so I can't figure out where their big bank/Rothschild/European/Foreign influence conspiracy theory is coming into play. Can someone explain the power structure of the conspiracy to me, with citations from reputable websites that show the link?
I really smell the fish in this, but there's so many layers of BS on top I can't figure out where to even start digging. The arguments against there being a conspiracy are pretty convincing, and hard to find counter-arguments to.
Originally posted by SwissMarked
1) You base your beliefs on the false assumption that they are following the rules... if they were none of what they do would be possible...
2) See 1)...
1) How do the "bad guys" control the Fed if its policies are decided upon by a majority of people appointed by the government? Even if there are a few member banks that control the majority of the stock in the Fed, they only get one vote per bank, so how is any one bank more dominant than the next in the decision-making process?
2)Where is the huge profit for member banks if they get only a 6% interest cut of the earnings of the Fed, and the rest of the annual profits go back to the Treasury?
all Fed branches are not equal... the NY Fed for instance, its vote counts for 4X what the 11 other Fed branches count in making decisions...
the federal government is a servant to the Fed Reserve and does not make decisions as you seem to be saying--- neither do the member banks have a vote.... the 12 District banks vote but that is just the vote of the mechanism--- the real owners of the Fed sit in a secret oak paneled room and EMail the 12 Fed districts how to vote
Originally posted by Rockpuck
Actually any bank that operates over state lines MUST be a Member Bank of the Federal Reserve. They do not have a choice. And each bank has the same amount of voting power has large multinational banks. Foreign banks are prohibited from being Member Banks however. State-Regional Banks can apply to membership if they have a high enough asset balance. There are not thousands of Member Banks either, it's right around 400ish.
In the Federal Reserve System there are Regional Reserve Banks (I'm sure you've heard of the Federal Reserve Bank of NY for instance) There are 12 of these banks, .. the Regional FRB's are run by the Reserve, or in other words, the bankers (Member Banks) to oversee and regulate (laugh) the banks in their appointed region.
The Federal Reserve Bank's "Board of Governors" where you see the current chairman Ben Bernake is appointed by the President and approved by Congress.
99% of all "conspiracy" sites revolving around the Federal Reserve are complete BS. Wrong on so many levels.
If you research the Federal Reserve you will find there is no detachment between banks and the federal Government, and THAT is where the real conspiracy lies. But for the vast majority of conspiracy explanations, or retarded animated movies, or nutbags thinking they finally figured it out .. well, they are simply uneducated asshats that have no idea what they're actually talking about. Hence your confusion, you've been reading the wrong type of source.
The Reserve system is inherently corrupt. Some people blame bankers and "private individuals" which is so moronic I don't even know where to start explaining the stupidity. The Federal Reserve is a tool, a tool used by Government to do its bidding.. Government is not a victim here, it's the perpetrator.
Originally posted by Rockpuck
Member banks get no such profit. The Federal Reserve subtracts from Principle mostly the operating costs of the Federal Reserve, so any annual operating costs, actual business expenses, are deducted .. the interest sent back to the Treasury and the remaining principle destroyed. There is no 6% cut, and the Reserve doesn't "earn" anything.
Member banks became entitled to have access to discounted loans at the discount window in their respective reserve bank, to a 6% annual dividend in their Federal reserve stock and to other services (Sections 13 and 7).
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?
but taking your answer below into account, I'm suspecting you're really saying "there's no conspiracy there." Right?
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 that coffin.
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):