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

[siryessir08]

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!

[Beingist]

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).

Originally Posted by siryessir08

I'm completely freaked out right now.

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.

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.

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).

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!!

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").

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!!!!!!!!!!!!!!!

Indeed, this is the fundamental problem with the Fed, imo.

So who owns the Fed?!?!?!

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'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.

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.

Any more info would be greatly appreciated! Thank you!

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.

[siryessir08]

Originally Posted by Beingist

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.

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.

[wanzulfikri]

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

[JSB]

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.

Originally Posted by wanzulfikri

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

[siryessir08]

Originally Posted by JSB

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.

Actually, after reading the Protocols....

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

[Beingist]

Originally Posted by siryessir08

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.

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.

[yuugen]

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.

[siryessir08]

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?

[Beingist]

I won't comment on the Jewish question, but I shall report some more news on the Fed ...

Originally Posted by siryessir08

I'm completely freaked out right now.
[...]
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!!

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.

[MariconesUnited]

Who prints the money once the Fed is ended?

[Beingist]

Originally Posted by MariconesUnited

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.

[royster]

You might find this an informative read.

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

In essence, this Act formed the corporation known as THE UNITED STATES. Note the capitalization, because it is important. This corporation, owned by foreign interests, moved right in and shoved the original "organic" version of the Constitution into a dusty corner. With the "Act of 1871," our Constitution was defaced in the sense that the title was block-capitalized and the word "for" was changed to the word "of" in the title. The original Constitution drafted by the Founding Fathers, was written in this manner: "The Constitution for the united states of America".

[MariconesUnited]

Originally Posted by Beingist

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.

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?

[Beingist]

Originally Posted by MariconesUnited

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.