Who Owns The Federal Reserve?

[Domingo Halliburton]

That the Federal Reserve, just like any central bank before it, is corrupt and has created an economy based on debt. Like I said multiple times now, from the very creation of a dollar, our federal government accrues more debt. It's a system that guarantees servitude instead of promoting growth and prosperity, except for the very few.

Politicians like a lot of people mistake cash for credit. There is nothing inherently wrong with debt..

Have a good one.

 

[Domingo Halliburton]

 

[dark_magic]

Also the federal reserve is only reducing interest rates right now to help keep our economy afloat, that's not a permanent thing, and according to the federal deficit the federal government hasn't turned a profit in a while.

Government of the United States has only had 1 year in its 225+ year existence of being in the black: 1834-35 during the Andrew Jackson administration. Government debt really took off during the US Civil War ($1 billion). It has never looked back from this point in time.
Government of the United States has always been in debt.
This has led me to believe that it isn't so much that the debt is paid in full, but that the debt is serviceable .... at least for creditors. Rollover of debt helps to keep the flow going.

If anyone is interested, check out the battle between Andrew Jackson and Nicholas Biddle concerning centralized banking in the United States. The renewal of the charter for the Second Bank of the United States was defeated in Jackson's administration.

 

[dark_magic]

Politicians like a lot of people mistake cash for credit. There is nothing inherently wrong with debt..

Have a good one.

Most people mistake FRNs (Federal Reserve Notes) for money.

 

[Lifer11]

Government of the United States has only had 1 year in its 225+ year existence of being in the black: 1834-35 during the Andrew Jackson administration. Government debt really took off during the US Civil War ($1 billion). It has never looked back from this point in time.
Government of the United States has always been in debt.
This has led me to believe that it isn't so much that the debt is paid in full, but that the debt is serviceable .... at least for creditors. Rollover of debt helps to keep the flow going.

If anyone is interested, check out the battle between Andrew Jackson and Nicholas Biddle concerning centralized banking in the United States. The renewal of the charter for the Second Bank of the United States was defeated in Jackson's administration.

The debt and the deficit are different. Both are manageable to a point.

 

[OsO]

No one here is interested in defending the Federal Reserve at all costs.

You sure? Rarely is there any meaningful conversation on HL regarding the Fed.

Posters always do what they did here, which is troll everything as a conspiracy while totally ignoring the truth... which is the Fed is 100% compliant in everything the corporations and banks are doing to privatize the government and concentrate the wealth. In addition it looks like the main stakeholders in these Federal Reserve banks are the same group of people receiving egregious benefits from the money lending policies of the Fed.

But yes let's ignore all of that and point fingers at the conspiracy theorists

Meanwhile Fed breaking the law, pissing on the government regulators. Greenspan and Bernake stay slapping Congress around.





















































AND WHERE THE F*CK IS THAT ALEX JONES TINFOIL SMILEY

 

[CHL]

AND WHERE THE F*CK IS THAT ALEX JONES TINFOIL SMILEY

Reptillians!

 

[OsO]

How is it disadvantageous for the public to have the Federal Reserve purchase Treasury securities at auction when those securities that they are purchasing (with virtually created money, yes) would have to pay the same interest rate no matter what entity purchased them? One step further, the Federal Reserve rebates over 90% of interest received on its Treasury holdings back to the government, which drastically reduces the interest burden on the government and, by extension, the public. In a vacuum, holding all other macroeconomic effects constant, the greater the Fed expands its balance sheet with bonds, the smaller the interest burden on the US taxpayer. On top of this, the Fed's intervention in the bond market has collapsed yields to historic lows, which has also lessened the interest burden on the government by a significant margin.

I have my own concerns about the consequences of these actions, but that is for another thread or the Boiler Room. In the context of this thread, how the fukk can you possibly spin any of this as a bad thing for the average taxpayer?

It's not about the mechanisms, it's about who is in control of those mechanisms. I f*cks with most of the Federal Reserve system on paper, but not with Goldman Sachs and JP Morgan running it



And did anyone drop a link to the current shareholder makeup of the Fed Reserve system?

 

[OsO]

They've never really revealed all the banks but its the usual big commercial banks and thrifts.

1. You don't think that's a conflict of interest?

2. You don't think it's a problem "they've never really revealed all the banks," especially in our current economic climate?

 

[OsO]

Technically something like the debt ceiling wouldn't even have to exist if our government issued it's own currency instead of "borrowing" from the Federal Reserve. I know that it still would because we'd still borrow from foreign countries, I just threw out an absolutely utopic, yet absurd and nearly impossible hypothetical situation.

The system is set up so the already rich and powerful can become even more rich and powerful. The Federal Reserve is "owned" and run by the old money/royal/elite families, along with most of the other central banks, and for the most part, the privately owned big banks of the world, solely for the benefit of themselves. Our government creates T-bonds, exchanges them for Federal Reserve Notes (Cash), the Federal Reserve then auctions off the t-bonds, down the line our government pays interest on the t-bonds to whoever bought the t-bond, causing us to pay more than we initially "borrowed" in the first place from the Federal Reserve. As a nation we go deeper into debt with the creation of every new dollar, and even deeper when eventually paying the interest on the t-bonds that were created and sold in exchange for the Federal Reserve Notes. Unfortunately though if we took complete control of issuing our own currency and just printed ourselves out of debt, the value of the existing dollars in circulation would plummet. That $20 in your pocket would now roughly be equivalent to $5, causing prices to skyrocket. There's no easy fix to our situation, and it's going to get much worse before it gets better. We're pretty much in a slow unavoidable decline, some people want to get the crash over with (some realists and revolutionary types, but mostly just loser/misery loves company types), some want to stretch it out because they're happy (and probably rich and getting richer) with the current system, but most are just blissfully, or miserably, ignorant.

And really our system is so complex that, even though the basics I listed here are pretty solid, these outcomes are just popular theories. No one really knows exactly what would happen to the US and global markets under volatile or unforeseen circumstances. Professionals can manipulate certain stocks and markets etc. but no one can completely predict or control the entire global economic system. The old money families do their best to use the world economic markets to manipulate the countries of the world to "bailout" too big to fail banks, and businesses, in other cases they strong arm the governments into selling/privatizing public services/utilities. They're behind most wars too, everytime the US tried to abolish it's central bank, we were either threatened with, or brought to war. Now the US, along with NATO and the UN, are the public faces of the old money hierarachy, and used militarily whenever a country isn't cooperating with the global power structure. Creation of a central bank, control of a country's natural resources..any opportunity to CAPITALIZE really (hence the term capitalism) these vultures swoop in. It's amazing, I've read and seen a lot of this stuff in different books and documentaries and shyt, I'm absolutely positive I'm not 100% spot on with everything, but just the way these people have the system so under their thumbs, and have a say in every facet of the global economy, you can't help but be in awe, and most likely furious, at the amount of power they possess and the lengths they'll go to keep it. Due to the current human condition/human nature, if the existing power structure fell, the one that replaced it would fall victim to the same issues. It would take a mass spiritual, intellectual, mental, etc. (whatever you want to call it) awakening for things to change. I know I went way off topic, but I just wanted to touch on the topic of the Federal Reserve in more detail, the problems it causes, how deep the system runs, and ultimately why it's not worth losing your mind over. We can help spread the info, but until the masses wake up the current system is here to stay.

You make so many points that I couldn't respond all of them in one post.

The crux of your argument seems to be we don't control our money supply....which we do. So that eliminates almost all your argument. The federal reserve turns a "profit" for the government to the tune of 10s of billions and reduces interest rates for you and ultimately reduces the taxpayer burden.

If you don't understand what the term 'monetizing' debt is in the context of national economies then don't respond.

Actually if that's all you took from his post YOU should stop responding

 

[Everythingg]

remember when we hit the debt ceiling and congress got the US government credit rating downgraded because they couldn't agree on anything? this is the bullshyt that would occur with them.

Their incompetence (which could be tied to their constituents who do not pay enough attention to politics in the first place) doesnt mean that having a PRIVATE entity that we have no say or control over is better.

and who am I defending? I'm just asking when we discover who owns them what happens then? on top of that the owners were posted (even though the list is old) so the thread should be over right?

Breh you've been caping since the thread started. Not only for the FED, but for what you call "conspiracies" which arent really conspiracies.

Thomas Jefferson - "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs"

(EDIT: I see Lifer got it in first. )

Funny enough, that is whats happening in this day and age. You telling me he a conspiracy theorist too?

 

[OsO]

Just for the hell of it, I'm gona leave these here:


“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809) This preceded the creation of the Federal Reserve. A central bank existed that the people had destroyed.


“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” - James Madison


“If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.” -Andrew Jackson


“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” -Abraham Lincoln

“Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt


Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” -Woodrow Wilson




“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815


“… our whole monetary system is dishonest, as it is debt-based… We did not vote for it. It grew upon us gradually but markedly since 1971 when the commodity-based system was abandoned.” The Earl of Caithness, in a speech to the House of Lords, 1997.

Nah we can't listen to these reptilians B

 

[Futuristic Eskimo]

It's not about the mechanisms, it's about who is in control of those mechanisms. I f*cks with most of the Federal Reserve system on paper, but not with Goldman Sachs and JP Morgan running it



And did anyone drop a link to the current shareholder makeup of the Fed Reserve system?

How can you break the link? I agree that its a problem of conflict of interest in many areas, but it doesnt apply to what I was talking about at all. the mechanisms are very important.

The best young bankers are going to go work for firms like Goldman and JP. Its not a shock that these same people rise to the top of the central bank.

 

[OsO]

How can you break the link? I agree that its a problem of conflict of interest in many areas, but it doesnt apply to what I was talking about at all. the mechanisms are very important.

The best young bankers are going to go work for firms like Goldman and JP. Its not a shock that these same people rise to the top of the central bank.

I don't know if you're ignorant to the reality or just THAT brainwashed.

Or maybe you're eating from the scebario and want to be loyal

But the point is, if you put a different group in control of the mechanisms of Federal Reserve system you get a much different outcome, no?

And vice versa, if those controlling the mechanisms of the Federal Reserve system are aligned with elite corporate and banking interests, you would expect our current situation, yes?

So the solution is to clear out whoever you have to clear out, and put in whoever you have to put in. Simple.

 

[Futuristic Eskimo]

I don't know if you're ignorant to the reality or just THAT brainwashed.

Or maybe you're eating from the scebario and want to be loyal

But the point is, if you put a different group in control of the mechanisms of Federal Reserve system you get a much different outcome, no?

And vice versa, if those controlling the mechanisms of the Federal Reserve system are aligned with elite corporate and banking interests, you would expect our current situation, yes?

So the solution is to clear out whoever you have to clear out, and put in whoever you have to put in. Simple.

Either you put the incompetent government, whose members lack expertise in the field, in charge of monetary policy or you deal with regulatory capture. The first option isnt an option to anyone with a clue on what the Fed's job is.

There isnt some random group of people capable of overseeing the banking system that have no ties to it that you can tap into to do the jobYou're greatly oversimplifying the solution to the problem.