Who owns the Federal Reserve? (and more....)
 

I'm completely freaked out right now.

Yesterday I was watching the John Stewart show and heard that the Fed hid a bunch of bailout money... amounting to an astounding $7.7 trillion, loaning it out at 0.01% interest, to foreign and domestic banks. I was furious.

I couldn't let it go...

Today I did more research, and found that the Federal Reserve actually loaned out $16 trillion dollars to foreign and domestic banks at 0% interest, according to the congressional audit done on the federal reserve.

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts | Unelected.org

Citigroup alone got $2.5 trillion. $16 trillion is literally more than the entire national debt. Where did this $16 trillion come from??? I don't know... apparently it appeared out of thin air!!

But here is an interesting coincidence... between 2007 and 2009... the exact same time all these loans were happening... Americans lost $16 trillion worth of wealth!!!

America's lost trillions in household wealth - Jun. 9, 2011

WOW!!!! We were robbed by the banks, and then the banks still took our houses!!!!!!!!!!!!!!!

So who owns the Fed?!?!?!

I've been trying to figure it out... It's hard to find any information on any of the high-ranking figures in the Fed. All I can find are short bios. I think they might all be related, however, because about 60% of all the high ranking members (Federal Reserve District Bank presidents and Federal Reserve Board governors) are Jewish.

Any more info would be greatly appreciated! Thank you!

We've had a few threads around here, lately, dealing with the Federal Reserve System, and there's a lot of contention in these threads (even the principles of money get people pretty hot), but I've lately taken it on as a hobby to try and figure out what this whole Fed thing is, myself. I'll tell you what I know (but it's really sketchy, as it is quite obscure).
First of all, no need to freak out. There's really not much you can do about the Fed, right now, except vote for those candidates who propose to END IT.
Yes, I read this, too, and the reason why it came to light, I believe, is because Congress recently enacted an audit of the Fed (interestingly enough, it had never been audited before).
FYI, the phrase, "out of thin air", whenever it is applied to the Fed is actually a rhetorical tactic, to get people to realize that the Fed prints money with nothing backing it (meaning that it's essentially valueless). There is no requirement to maintain asset reserves, so it's "created out of thin air." The USDollar is also known as a "fiat" currency ("fiat"=Latin for "let it be").
Indeed, this is the fundamental problem with the Fed, imo.
This is a tricky question to answer, because the Fed is a quasi-public, quasi-private entity. It is privately owned, and is basically guaranteed a 6% profit, but its Board of Governors is the government part, ostensibly (there's that word, again) for the purposes of keeping the private in check.
I think the Jewish aspect of the Fed is coincidental, and that the mention of it is probably another rhetorical device used to sway opinion against the Fed.
Federal Reserve System - Wikipedia, the free encyclopedia

... is where I started. Ron Paul also wrote a book called, End The Fed. Been dying to read that one, and have been hoping someone will get it for me for Christmas. Let us know anything else you may discover. :)

You think it's coincidental??? Isn't the Jewish population in the U.S. 2%? Then the leadership of the federal reserve are over-represented by 2000%... that's a massive coincidence... What about affirmative action? I think they all come from the same family some generations back.

I've heard that the Federal Reserve is controlled by the Jews...(It's just a rumour)

Out here in California, there are relatively few Jews, but they're all in the movie business. It wouldn't surprise me that on a national level, maybe they're just into banking. I just don't think it's, like, some zionist conspiracy, or anything.

yeah lots of ethnicities network in their social group...that's not unusual. like korean nail salons and pakistani convenience stores...one dude does it and then family and friends get involved...so what if some jews are in finance. most are not.

I'm not saying there is some kind of zionist conspiracy; however, I don't think this fact can be so easily brushed off...

Considering the arguments, I'd like to know the diversity of the lower levels in the Fed... if Jews really love banking that much, it should be around 60% Jewish right?

What does that fact mean to you?

I think this conversation, if it is going to have any credibility should be steered in a direction and that doesn't make it about about racial stereotypes.

Actually, I had never looked into Zionism.

But now I have. Maybe this is a Zionist conspiracy. It explains why bankers would be so inbred, doesn't it?

I don't want this to be about racial steriotypes. I'm bringing something up that is extremely odd, and everyone who has responded so far has brushed it off as if it's "just a coincidence." Chances are, however, that it's not. I feel like just because Jews have been mentioned, people have been conditioned to turn their brains off.

Has anyone ever looked into Zionism? Are there any good resources on it?

I won't comment on the Jewish question, but I shall report some more news on the Fed ...
No need to freak out. "Helicopter Ben" Bernanke reported to Congress that the reported figures were "wildly inaccurate"--

Bernanke to Hill: Flawed reporting on Fed loans | Reuters

But Bloomberg stands by their numbers--

Bloomberg News Responds to Bernanke Criticism - Bloomberg

In sum, no one really knows what the Fed is doing (except for, perhaps, the Fed), and, I suspect, this is by design.

All the more reason why I say END THE FED.

Who prints the money once the Fed is ended?

The same entity that prints it today--The U.S. Bureau of Engraving and Printing. Otherwise, monetary policy (i.e., who would order the printing done) would be dictated by new law. Before the Fed, it was the U.S. Treasury, I believe.

You might find this an informative read.

The United States Isn't a Country — It's a Corporation!

Well, the Czarist intelligence service in Russia wrote a forgery called The Protocols of the Elders of Zion at the beginning of the 20th century that pruported to show how the Jews were manipulating the world. This allowed them to stir up anti-Jewish senitment and made it easier to persecute a "difficult" ethnic minority.

The Nazis also promulgated the theory that Jewish bankers were conspiring to manipulate and rule the world, which also allowed them to stir up anti-Jewish sentiment, and blaming "outsiders" for the terrible state of the German and European economy helped them to rally ethnic Germans around their cause; of course, it all ended will lots of mass-killing and a world war.

Today, many Muslim countries and political parties promote the idea that the Jews control the banks and run the world. This is to encourage anti-Jewish sentiment, which is already inflamed by Israel's poor treatment of the Palestinians. But to me, it all seems politically motivated --- it's easier to rally support for a cause if one can have a "common enemy", and many people will go out of their way to manufacture one if they can't find one already "ready made".

Does Israel have too much influence on US Middle Eastern policy? In my opinion, yes, but there are plenty of Jews who support Isreal's existence as a homeland, but don't support Netanyahu or Israeli foreign policy or the occupation of Gaza and the West bank.

This is why I don't buy into "X runs the world" or "Z runs the banks"; it's too simplistic. There always seem to be more subgroups, layers, threads, complexity, and shifting alliances in the real world.

Ok. To be honest the Fed is confusing to me. And I'm still not 100% on why people want to close it down, just that a lot of people do right now. Sooo...why?

Because--
1. they're their not transparent, and so have an agenda that is suspect,
2. they're inflating the U.S. Dollar (by printing ever more of it) to such a point where the Dollar has very little real purchasing power,
3. they're encouraging ever higher U.S. debt levels through the printing of money, and monetizing the debt, while the only ones who get wealthier are the bankers themselves,
4. they're setting up the country (and, indeed, the world) for an ultimately larger fall, when the Dollar finally collapses.

No fiat currency has ever withstood the test of time, and so Gold- and silver-based currencies remain an option. To be sure, metals backed currency (also called, 'hard money') has it's own problems, (like bank runs and depressions), which is why folks are still talked into printing fiat currencies ("it's just easier," said one banker-lawyer around here), but gold and silver have been around forever because the metals are assets in and of themselves. Printed money is not.

1. That's a problem with the entirety of government.
2. How do we know the dollar wouldn't get printed so quickly without the Fed?
3. Why would things be different without the Fed? Won't someone else step in and fulfill the Fed's role instead? Wouldn't it be a better idea to change how the Fed operates instead?

And no matter how many times you repeat that no fiat money has ever withstood the test of time, all the fiat currencies that are being used around the world tell me otherwise. Some have withstood the test of hundreds of years. That says more to me.

But the Fed is "independent"--not quite government, not entirely private, which allows for even greater lack of transparency. Otherwise, it sounds to me like you're saying, "well, we can never know what they're doing, anyway, so may as well let them do it."
We don't. That would have to be written into new law.
Between the 1830's and the 1913, the U.S. had no central bank. As I suggested earlier, this system was not without it's difficulties, but the currency remained stable (in fact, prices, in most cases, went down during this period). It was also the period of the U.S.'s industrial revolution, which was very highly productive.

Of course, the Fed itself could be changed, but you can bet they're not going to change themselves. They like it just the way it is.

Can you name one?

The important change to make to our currency is to bring it back to a standard of weights and measures, as the Constitution requires. But the problems with the FED extend beyond their simple ability to print money without backing.

The other big problem with the FED is that they print this money with no oversight, no rules, no accountability, and no disclosure. This means they give whoever they want however much money they want whenever they want, and nobody knows it's happening. It's absolutely atrocious.

I wish I was friends with Ben Bernanke.

...but the Fed must be destroyed. It is an unconstitutional entity.

The government can lock up protesters now, too... with the NDAA of 2012... we can be detained without charge if the government subjectively defines us as "terrorists."
Obama just announced plans yesterday to start looking for "homegrown" terrorists... citizens who have become radicalized from information they found on the Internet.

Our constitution has been ripped up and dragged through the dust... and we hear nothing about it in the media.

I think we know who the real terrorists are.

Which is why i'm devising a method to give myself superpowers so I can save the world from Evil.

Lol. Or maybe I'll just vote for Ron Paul. If only more politicians were like him.

Actually, after reading the Protocols....

Maybe it was fraudulent.. but it also appears to be exactly what has happened...