The US Federal Reserve is Neither Federal Nor Does it Have Any Reserves
The US Federal Reserve is not federal, nor does it hold any reserves.
This is one of the biggest fallacies propagated on the American public in it's long and storied history.
The fact that you can look up the US Federal Reserve in the phone book and you won't find it under any government listings at all.
It will be located in amongst the other privately owned and operated banks in existence.
All these privately owned banking institutions are in business for a couple of reasons...
to make as much money as possible for it's shareholders, and to control the money production and distribution to it's people.
You see it's just the same way in which employers pay their employees, just enough to keep them coming back to their job day after day.
They have the control necessary to keep their employees in a state of constantly needing that paycheck at the end of the month, all the while these employers make millions in profits for them and their shareholders, and the employee continues to take on more debt just to survive.
But the problem is that once a common person has more debt then they have income coming in, it ultimately can lead to going bankrupt and losing everything.
Something the Fed should have been many years ago.
The US Federal Reserve was formed in December of 1913.
This is when the bill proposing a central bank was rushed through the parliamentary protocol to forever become part of society.
The name should imply that it is somehow managed and controlled by one of the government agencies, but that is the farthest thing from the actual truth.
It's just another great deceit that has rang true for over a hundred years, and will continue to do so for years to come.
Most of the people when asked what the US Federal Reserve really is r does wouldn't even know how to answer that question.
They may say things like; it's a the banking arm of the government that is put in place to help control the monetary system, and help the American people.
But you only need to dig down through out history to find out why it was formed and what its real mission is all about.
Former US presidential candidate Charles Collins is a lawyer and a banker who has owned banks and served as a bank director.
He believes we'll never get out of debt because the Federal Reserve ('the Fed') is in control of our money.
To quote Collins: "Right now, it's perpetuated by the Federal Reserve making us borrow the money from them, at interest, to pay the interest that's already accumulated.
So we cannot get out of debt the way we're going now".
If you still can not fully grasp who owns and runs the US Federal Reserve then look no further then its shareholders which as of 1997 listed as such; Federal Reserve Bank of New York (which completely dominates the other 11 branches through stock ownership, control and influence, having the only permanent voting seat on the Federal Open Market Committee and handling all open market bond transactions), has 19,752,655 shares outstanding and is majority owned by two banks: Chase Manhattan bank (now merged with Chemical Bank), with 6,389,445 shares or 32.
35 percent; and Citibank, NA with 4,051,851 shares or 20.
51 percent.
Together, those two banks own 10,441,295 shares or 52.
86 percent - which is majority control.
This is one of the biggest fallacies propagated on the American public in it's long and storied history.
The fact that you can look up the US Federal Reserve in the phone book and you won't find it under any government listings at all.
It will be located in amongst the other privately owned and operated banks in existence.
All these privately owned banking institutions are in business for a couple of reasons...
to make as much money as possible for it's shareholders, and to control the money production and distribution to it's people.
You see it's just the same way in which employers pay their employees, just enough to keep them coming back to their job day after day.
They have the control necessary to keep their employees in a state of constantly needing that paycheck at the end of the month, all the while these employers make millions in profits for them and their shareholders, and the employee continues to take on more debt just to survive.
But the problem is that once a common person has more debt then they have income coming in, it ultimately can lead to going bankrupt and losing everything.
Something the Fed should have been many years ago.
The US Federal Reserve was formed in December of 1913.
This is when the bill proposing a central bank was rushed through the parliamentary protocol to forever become part of society.
The name should imply that it is somehow managed and controlled by one of the government agencies, but that is the farthest thing from the actual truth.
It's just another great deceit that has rang true for over a hundred years, and will continue to do so for years to come.
Most of the people when asked what the US Federal Reserve really is r does wouldn't even know how to answer that question.
They may say things like; it's a the banking arm of the government that is put in place to help control the monetary system, and help the American people.
But you only need to dig down through out history to find out why it was formed and what its real mission is all about.
Former US presidential candidate Charles Collins is a lawyer and a banker who has owned banks and served as a bank director.
He believes we'll never get out of debt because the Federal Reserve ('the Fed') is in control of our money.
To quote Collins: "Right now, it's perpetuated by the Federal Reserve making us borrow the money from them, at interest, to pay the interest that's already accumulated.
So we cannot get out of debt the way we're going now".
If you still can not fully grasp who owns and runs the US Federal Reserve then look no further then its shareholders which as of 1997 listed as such; Federal Reserve Bank of New York (which completely dominates the other 11 branches through stock ownership, control and influence, having the only permanent voting seat on the Federal Open Market Committee and handling all open market bond transactions), has 19,752,655 shares outstanding and is majority owned by two banks: Chase Manhattan bank (now merged with Chemical Bank), with 6,389,445 shares or 32.
35 percent; and Citibank, NA with 4,051,851 shares or 20.
51 percent.
Together, those two banks own 10,441,295 shares or 52.
86 percent - which is majority control.
Source...