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Still Growing · 09-18-2008, 01:03 PM

Apollia,
The private Federal Reserve Banks (specifically NY), have special rules that apply to them. They are not a gov't agency but they are also not a typical shareholding company. They aren't a public corp, they aren't a gov't entity, not a C corp, LLC or any other.

It seems that they have some special designation that gives them privacy. In addition they do not have to show their P&L to the Board nor to the public.

So they are supposedly regulated by the Board of Governors however they have a non compete agreement that has no expiration date I believe.

The Federal Reserve Act of 1913 gave them these privaledges. If you do research on it you'll find that there was market manipulation and some insider dealing when they got the contract. It was passed in Congress right before Christmas break when nobody was there.

Another interesting fact, over $75 billion of Iraq's oil money is sitting right now in the private bank of NY. Only recently did they start paying interest on it back to Iraq. Its interesting that the Fed bailed out AIG for $70 plus billion and the money they have in their account from Iraq is a similar amount. Its a coincidence however I find it ironic.

On the news you keep hearing "The Fed bailed out AIG" however who is the Fed? If you took a national poll on who the money came from I bet less than 1% would said it was from a private bank called The NY Fed. In history class in high school and college here in the US there was no education on the true system. My good friend has a bachelors in Economics, is working on his law degree and spent time as a congressional aid in DC and he was floored when he discovered this. It kind of shook his economic foundation that his belief system was based on as you can imagine.

Do you believe we are being intentionally deceived?

09-18-2008, 01:03 PM	#85 (permalink)
Still Growing Senior Member Join Date: Nov 2006 Posts: 909	Apollia, The private Federal Reserve Banks (specifically NY), have special rules that apply to them. They are not a gov't agency but they are also not a typical shareholding company. They aren't a public corp, they aren't a gov't entity, not a C corp, LLC or any other. It seems that they have some special designation that gives them privacy. In addition they do not have to show their P&L to the Board nor to the public. So they are supposedly regulated by the Board of Governors however they have a non compete agreement that has no expiration date I believe. The Federal Reserve Act of 1913 gave them these privaledges. If you do research on it you'll find that there was market manipulation and some insider dealing when they got the contract. It was passed in Congress right before Christmas break when nobody was there. Another interesting fact, over $75 billion of Iraq's oil money is sitting right now in the private bank of NY. Only recently did they start paying interest on it back to Iraq. Its interesting that the Fed bailed out AIG for $70 plus billion and the money they have in their account from Iraq is a similar amount. Its a coincidence however I find it ironic. On the news you keep hearing "The Fed bailed out AIG" however who is the Fed? If you took a national poll on who the money came from I bet less than 1% would said it was from a private bank called The NY Fed. In history class in high school and college here in the US there was no education on the true system. My good friend has a bachelors in Economics, is working on his law degree and spent time as a congressional aid in DC and he was floored when he discovered this. It kind of shook his economic foundation that his belief system was based on as you can imagine. Do you believe we are being intentionally deceived? Last edited by Still Growing; 09-18-2008 at 01:09 PM.