Fantastic Video. I think that there are so many points worth discussing. Anyone who does not want absolute transparancy at the Fed and FOMC and all the regional banks should watch this video. How about getting a cool 6% per year div if you own stock. Guarenteed by the nice folks who print the $$…..Here is the info from the FEDS site….
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.
