do you know what the federal reserve is?

[investor]

The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest people on earth, whom the US people give their money (from the us treasury) to and which gives that money back to us and charges us interest on it. It is that simple. The money trail is complex but it is made complex on purpose. John Lott http://www.foxnews.com/opinion/2010/05/13/john-lott-greece-bailout-taxpayers-americans-obama-aig-general-motors-merkel/ has an article that outlines the latest round of this nonsense. Basically, the current administration, just like all other administrations since Reagan, is giving money, a trillion dollars, to foreign banks to bail them out from our CDO’s. This is the money trail.The federal reserve takes cash from the us treasury and gives it to foreign banks (30 billion to canada alone, the rest bernanke won’t detail to congress) which pay the federal reserve interest on it. The foreign banks then buy us treasury bonds with some of the money, obligating the us taxpayer to pay intrest on it to them. Forever. Do you see the money trail? All the us had to do was to loan the foreign countries the money directly and charge them interest on it, rather than us paying them interest on it.
This system was run out of town by thomas jefferson and andrew jackson. The current federal reserve/ central bank is the US’s forth. All of our current money (which is debt based because we let the federal reserve charge us interest on our own money) has been released into circulation this way since 1913. Read the book “the creature from jekyll island” for those few of you that really care about why we are in the mess we are in currently and where we are going in the next 10 years. (read the book “Aftershock” for what probably will happen in the next 10 years).
I know that this is a san diego real estate site but rich is a fundamentalist investor and real estate is a reflection of the economy and where I believe we are headed. All of you economics professors, don’t feel bad if you don’t know the real power behind the money/ central banks. NO ONE is taught this. Rich. Any thoughts about a review article on this subject?

[jpinpb]

Thanks for the article. I know about the Fed Reserve, but I never read the Creature from Jekyll Ksland, though I did watch the Money Masters – Part 1 Money Masters – Part 2 series.

[jpinpb]

Thanks for the article. I know about the Fed Reserve, but I never read the Creature from Jekyll Ksland, though I did watch the Money Masters – Part 1 Money Masters – Part 2 series.

[jpinpb]

Thanks for the article. I know about the Fed Reserve, but I never read the Creature from Jekyll Ksland, though I did watch the Money Masters – Part 1 Money Masters – Part 2 series.

[jpinpb]

Thanks for the article. I know about the Fed Reserve, but I never read the Creature from Jekyll Ksland, though I did watch the Money Masters – Part 1 Money Masters – Part 2 series.

[jpinpb]

Thanks for the article. I know about the Fed Reserve, but I never read the Creature from Jekyll Ksland, though I did watch the Money Masters – Part 1 Money Masters – Part 2 series.

[davelj]

[quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm

[davelj]

[quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm

[davelj]

[quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm

[davelj]

[quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm

[davelj]

[quote=investor]The federal reserve is a private company, whose ownership is mostly unknown but I suspect are the wealthiest 2 people on earth[/quote]

Really? I direct you to the the question titled: “Who Owns the Federal Reserve?” in the link below. It’s not that mysterious. The 12 regional Federal Reserve Banks that comprise the Federal Reserve System are “owned” by their respective member banks – that is, a bank has to own stock in its regional Federal Reserve Bank to be a “member bank.” And the System is an independent, non-profit entity operating within the government.

I’m not saying this is the best system. I’m also not saying that shenanigans don’t go on. But… it’s not like some tiny group of ultra-wealthy folks OWN the System and manipulate it for their benefit. Although you could argue that a small group of folks (the wealthy, politicians, etc.) have undue INFLUENCE over the Federal Reserve’s policies – that’s true almost by definition. But your suspicions regarding actual “ownership” are incorrect.

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm

[SK in CV]

Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.

[SK in CV]

Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.

[SK in CV]

Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.

[SK in CV]

Thanks for posting that davelj.

Conspiracy theories about the fed have been circulating for almost 100 years. The freemasons, the illuminati, the Rockefellers, JP Morgan and dozens more have been accused of running it, and manipulating the flow of funds that control the US (and to a great extent, the world) economy.

It’s primary specific charges are to avoid panic, and manage the money supply to provide both elasticity and stability in the market. Are those functions being manipulated by those who own it? You betcha. Is it transparent? Nope. Same way Ford and BP and Alcoa attempt to manipulate their markets without complete transparency.

No excuses being made here, that’s just the way it was set up by congress, under powers of delegation specified in the constitution. Part of the financial reform now under consideration in congress are audit and review powers over the Fed. The fed is fighting those reforms, and as is typical, support has fallen mostly along partisan lines, with republicans also rejecting those powers, democrats supporting those reforms. Strangely, the white house has been less supportive than democrats in either house. Fodder for more conspiracy theories.

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