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The Federal Reserve - Public Or Private

 
Huh
User ID: 489543
United States
02/12/2009 03:47 PM
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The Federal Reserve - Public Or Private
Whats the deal here guys. I was talking to a friend on the phone trying to explain about the FED. He believes they are part of the govt. The wiki page about the fed says partial private partial public.

The Govt page of course says part of gov

Information on the web is spotty but here is some nice info

--------------

excerpt

They're not lying. They're speaking in riddles. They never come out and claim the federal government owns the reserve or any of the individual 12 banks. They claim it operates "independently within the government." That, to you, might sound like they're both private and public. To me it sounds like they do whatever the heck they want and the government stays out of their way. They also tell you flat out that the individual banks are organized like private corporations. Basically congress has given these 12 banks the power to heavily influence our economy. If congress ever decided the federal reserve was "failing" in keeping the economy stable they might decide to "eliminate" the federal reserve but that wouldn't mean the 12 banks would cease to exist, that the employees at any of the banks would loose their jobs, or that the bank owners would have to hand the bank back to the government. It just would mean that the 12 banks would no longer have the governments blessing to conspire to influence our economy to such a high degree. Because the 12 banks don't belong to the government. The only thing that belongs to the government is the "power" they gave to these private corporations that they could take away at a later date I suppose. But the banks themselves are NOT federal property, the employees are NOT federal employees, and congress doesn't regulate them or oversee their operations much at all. Some say they "falsely" effect our economy. Congress could take their power to do that away. But that's it. The banks are private.

[link to www.debatepolitics.com]


There is nothing "public" about the federal reserve. Nothing. The government does not own the 12 banks, the government does not regulate operations, and all of the individual banks are considered private corporations, The only thing the government does is appoint chairs for the committee and even that only happens every 14 years.

"Independent within the government" bwahahahahah


Think about that for a second. Everything owned and operated by the federal government is for all intents and purposes "ours" as in it belongs to the citizens.

Go attempt to even claim partial "ownership" over any of the 12 federal reserve banks. How often do you get to vote on federal reserve bank issues??? NEVER. How often does the federal reserve come up as an issue or topic of discussion for the populace as in "Should this run this way or that way..." Again, NEVER and it never will.

Personally I don't mind. It's a system that works. And we're probably better off that a private corporation, operating independently bwahahaha within the government, controls the economy. Because if the federal government controlled it we'd probably be screwed.

[link to www.debatepolitics.com]
Anonymous Coward
User ID: 569622
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02/12/2009 03:48 PM
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Re: The Federal Reserve - Public Or Private
PRIVATE.
Anonymous Coward
User ID: 613467
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02/12/2009 03:49 PM
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Re: The Federal Reserve - Public Or Private
The US Federal Reserve is a private corporation, and as such maintains complete anonymity regarding who the shareholders of that private corporation are.

Needless to say, this anonymous group of shareholders are the most powerful people in the world because they control the currency and create money out of thin air.
Anonymous Coward
User ID: 536098
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02/12/2009 03:58 PM
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Re: The Federal Reserve - Public Or Private
Very Private. Not to bright either, or else the whole thing was planned. Still saving a paper from sept. with fed say they are keeping the rate unchanged. They may have a clue how bad off the banks are but they're not going to tell anyone.
Anonymous Coward (OP)
User ID: 489543
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02/12/2009 03:58 PM
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Re: The Federal Reserve - Public Or Private
Exactly that is the standard GLP prevailing belief. It's astonishing though that a large portion of the US populace does not think about this or even know or question it.

In effect a group of private individuals owns and operates the US government. The head of the octopus.
Anonymous Coward (OP)
User ID: 489543
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02/12/2009 04:00 PM
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Re: The Federal Reserve - Public Or Private
Now to get my facts straight in my debate with my friend.

In 1913 the FED was signed into existence right? Soon after I think 1920 or so we had a great depression. The FED came into existence because in 1913 the US Government went bankrupt? Is this correct and if so why did the Government which printed money until 1913 become bankrupt. Also was 1913 when we went off the gold standard and does this coincide with creation of the FED?
riker

User ID: 588091
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02/12/2009 04:00 PM
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Re: The Federal Reserve - Public Or Private
It is 100% PRIVATE, with NO ACCOUNTABILITY WHATSOEVER to Congress or the Government.
You shall know the TRUTH, and the TRUTH shall set you free.
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Anonymous Coward (OP)
User ID: 489543
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02/12/2009 04:01 PM
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Re: The Federal Reserve - Public Or Private
At some point I believe we were also on a silver standard. Can anyone who knows more about the history of the FED and surrounding circumstances elaborate further?

I know there are some here who have dug deep regarding the FED.
Anonymous Coward (OP)
User ID: 489543
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02/12/2009 04:02 PM
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Re: The Federal Reserve - Public Or Private
riker,

You and I can say this but when the average person searches on the internet they will see the official site and wiki etc. My friend says oh they say anything on the internet its part of the govt etc. How on earth can I make him see?
Anonymous Coward
User ID: 597953
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02/12/2009 04:03 PM
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Re: The Federal Reserve - Public Or Private
Needless to say, this anonymous group of shareholders are the most powerful people in the world because they control the currency and create money out of thin air.
 Quoting: Anonymous Coward 613467


For a FEE. Funny thing is, only the Treasury department has the authority to print money.

Ok, not so funny, more like treasonous.
riker

User ID: 588091
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02/12/2009 04:07 PM
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Re: The Federal Reserve - Public Or Private
Now to get my facts straight in my debate with my friend.

In 1913 the FED was signed into existence right? Soon after I think 1920 or so we had a great depression. The FED came into existence because in 1913 the US Government went bankrupt? Is this correct and if so why did the Government which printed money until 1913 become bankrupt. Also was 1913 when we went off the gold standard and does this coincide with creation of the FED?
 Quoting: Anonymous Coward 489543


No. Rumours (caused by the same people who wanted to Federal Reserve to exist) caused some bank runs in the late 1800's and early 1900's. They created the Fed and weasled it through Congress in 1913. The Fed CAUSED the Great Depression, just as it is CAUSING this economic collapse! I'll post this again:








 Quoting: riker


THIS IS WHAT NEEDS TO HAPPEN:

Abolish the Federal Reserve and the IRS

Return to a commodity based currency that is printed and fully regulated by CONGRESS

Abolish fractional reserve banking

Allow the free market to determine who stands and who falls in business

Enforce, arrest and prosecute white collar crime with the same fierceness, determination and sentencing as is applied to the "commoners". WHY THE FUCK IS MADOFF IN HIS PENTHOUSE INSTEAD OF IN A COMMON JAIL IN A JUMPSUIT!?!?!?

I agree that we could impose restrictions on credit card companies' practices when they are basically usury.

At the same time, consumers are signing contracts and accepting these terms.

If you could keep your wages and your wealth, and that money kept its value because the degrading of inflation was halted, we could restore America's greatness again.

If we stopped playing the banker's global game and stopped allowing ourselves to be pressured into feeling guilty for being successful we could rebuild our independence and self-sustaining economy and industrial strength.

If the items I outlined before were implemented, you wouldn't NEED credit. It is maddening to me to hear talking heads, politicians and banksters say that "credit is the lifeblood of the economy"...

THAT IS BULLSHIT, friends...

You know what an "economy" is? Its the name given to the exchange of goods within a given group. That's it. Buy and sell. It's not some magical thing. It's pretty simple. When people have disposable income, they save and spend it. Period. That's it!

American wealth has been bled from us INTENTIONALLY over the last century in the name of globalism, compassion, responsibility... pretty much anything that sounded good while weakening us at the same time. How did they get away with it? CREDIT.

Credit was used to cover up the bleeding so the American people, for the most part, didn't notice their standard of living declining and didn't get angry.

Now that the credit bubble is burst, we're seeing just how much badly we've been scammed and robbed.
You shall know the TRUTH, and the TRUTH shall set you free.
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rikerglp (at) gmail.com
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Anonymous Coward
User ID: 611702
United Kingdom
02/12/2009 04:14 PM
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Re: The Federal Reserve - Public Or Private
one simple abolition will solve all the problems - abolition usury. that is make it illegal to loan money and receive interest on it.
Jackinthebox

User ID: 602033
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02/12/2009 04:20 PM
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Re: The Federal Reserve - Public Or Private
It is private. The very limited government oversight and government appointments are moot when you consider the inlfuence of power and of secret socieities that operate in that environment.

They don't even let PResidents get elected anymore, unless that President can be counted on to do as they are told. To appoint who they are told to appoint, etc. JFK was the last elected President of the Unitd States. Since that time the results of all national elections are decided and broadcast by a private NY based company operated by CIA.
When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand.

Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"


-Revelation 6:5, 6:6
riker

User ID: 588091
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02/12/2009 04:25 PM
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Re: The Federal Reserve - Public Or Private
At some point I believe we were also on a silver standard. Can anyone who knows more about the history of the FED and surrounding circumstances elaborate further?

I know there are some here who have dug deep regarding the FED.
 Quoting: Anonymous Coward 489543


Send him some videos and if he's serious a copy of "The Creature from Jekyll Island"...

Or you could just ask him what the M3 value is for 2008. :-)
You shall know the TRUTH, and the TRUTH shall set you free.
*********************************
rikerglp (at) gmail.com
*********************************
Jackinthebox

User ID: 602033
United States
02/12/2009 04:28 PM
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Re: The Federal Reserve - Public Or Private
one simple abolition will solve all the problems - abolition usury. that is make it illegal to loan money and receive interest on it.
 Quoting: Anonymous Coward 611702


Usury is a sin.
When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand.

Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"


-Revelation 6:5, 6:6
riker

User ID: 573830
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02/12/2009 09:54 PM
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Re: The Federal Reserve - Public Or Private
one simple abolition will solve all the problems - abolition usury. that is make it illegal to loan money and receive interest on it.


Usury is a sin.
 Quoting: Jackinthebox


Interesting... I always thought of usury as only exorbitant interest, when in reality it also can refer to interest period!


Main Entry:
usu·ry
Pronunciation:
ˈyü-zhə-rē, ˈyüzh-rē
Function:
noun
Inflected Form(s):
plural usu·ries
Etymology:
Middle English usurie, from Anglo-French, from Medieval Latin usuria, alteration of Latin usura, from usus, past participle of uti to use
Date:
14th century

1archaic : interest2: the lending of money with an interest charge for its use ; especially : the lending of money at exorbitant interest rates3: an unconscionable or exorbitant rate or amount of interest ; specifically : interest in excess of a legal rate charged to a borrower for the use of money
You shall know the TRUTH, and the TRUTH shall set you free.
*********************************
rikerglp (at) gmail.com
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