posted on Oct, 4 2012 @ 05:25 PM
Originally posted by buster2010
Originally posted by neo96
Nationalize the Fed
Too damn funny what do people think the Federal Reserve is?
The Central bank of this country IT ALREADY IS NATIONALIZED!!!!!!!!!!!!
End the FED GEEEEEEEEEEEEEEEEEEEEZ.
How ignorant can you be? The Federal Reserve is a PRIVATE organization it is NOT nationalized.It is not controlled by the government.
I'm sorry to disagree on this, but the Federal Reserve is absolutely NOT a private company or organization. At the same time..it's not quite
entirely a part of the Government...either. It's a warped, bastardized version of the two that has thus far given them the best of both worlds with
accountability to neither by shielding given under the other. A real oddball thing, the more one looks into it and if more people did....I can't see
the public as a whole tolerating it without demanding what Ron Paul sought and calling that nothing but the opening round.
It was a 100% Government created entity though...whatever else happened in the shadows to make it more than the simple central bank it was created to
On December 23, 1913, the Federal Reserve System, which serves as the nation's central bank, was created by an
Act of Congress. The System consists of a seven member Board of Governors with
headquarters in Washington, D.C., and twelve Reserve Banks located in major cities throughout the United States.
Source - Federal Reserve
Appointments to the Board
The seven members of the Board of Governors are appointed by the President and confirmed by the Senate to serve 14-year terms of office. Members may
serve only one full term, but a member who has been appointed to complete an unexpired term may be reappointed to a full term. The President
designates, and the Senate confirms, two members of the Board to be Chairman and Vice Chairman, for four-year
That, of course, is talking about the President of the United States and the United States Senate. No private organization of any kind has it's
entire leadership chosen directly and by open process within the elected Government. The CIA Charter kinda tries at playing the same limbo B.S. game
in my opinion, but they failed the sneaky test from day 1 and no one even bothered trying to take that one seriously, IMO.
The site they have of their own structure and what they actually do as a day to day thing includes their direct regulatory control and enforcement
responsibilities as well as a link to another part of the Fed's site system showing what recent enforcement actions they've taken against private
banks or other financial organizations. They move with the authority of Government.
I DO say they need to be made 100% one or 100% the other though. This limbo is B.S. and the heart of the protection and problem, IMO.