FED itself says it is privately owned

They did not cause the Great Depression or the Great Recession. You are confused. Your next move is going to show me a quote where Ben Bernanke said the Great Depression was the Fed's fault. But you would be incorrect in interpreting what Bernanke was saying. The fault of the Fed was they didn't do the right things to limit the impact of the Great Depression. Which is exactly why they did the complete opposite in the Great Recession. In the Great Depression the Fed took the conservative philosophy... they allowed the banking system to fail, they contracted the money supply to keep the link to gold, and they allowed a deflationary depression.

The Fed did not cause the housing market and financial market to collapse.

 

I'm not trying to convince them, I am trying to convince anyone reading this that doesn't already know

 

Your very first statement is grossly inaccurate, so I never read the rest.

 

Not everything you read on the Interwebs is true, s0n.

Do your own research.

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rofl

hilarious

 

From the most recent 13-F filings, the largest shareholders in;

Bank of America - Blackrock, Vanguard, State Street, JP Morgan Asset Management, Citigroup Asset Management

Citigroup - Blackrock, Vanguard, State Street, Singapore Investment Corp, Capital Guardian

Wells Fargo - Berkshire Hathaway, Blackrock, Vanguard, State Street, Fidelity

US Bancorp - Blackrock, Fidelity, Vanguard, State Street, T Rowe Price

JP Morgan - Blackrock, Vanguard, State Street, Wellington, Fidelity

Fifth Third Bancorp - Blackrock, State Street, Vanguard, Bank of New York Mellon, Invesco

Regions Financial - Blackrock, Vanguard, State Street, T Rowe Price, Norges Bank

SunTrust - Capital Guardian, Blackrock, State Street, T Rowe Price, Vanguard

And on and on and on.

These are all investment funds, primarily mutual funds. You can look all this up yourselves.

If you think the Rothschilds or Da Joos control these banks, you are clueless, and almost certainly don't work in the financial sector.

These conspiracy theories are relegated to the fringes of society not because they're being kept down by The Man, but because they're nutty and nobody serious takes them seriously.

 

Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976

 

bump...

 

Thats right, the OP says whos interests they serve ... the member banks. That should be clear to see, we have a global financial crisis (the banks in the (*)(*)(*)(*)), the fed prints creates masses amounts of money which devalues everyone's money while boosting the member banks balance sheets. Saw some figures the other day showing how the banks are doing this and not lending.

Feds were set up to stop boom bust cycles, yet they've continually proven to fail at it. Its very simple why, they dont create the bulk of the money the banks do. But they can certainly make sure the banks can pass off any of their failures on to us. Dont think they do? Banks are now doing rather well while the people are suffering under wage stagflation and unemployment.

There is no reason countries cant print their own debt free money other than their puppeteers wont like that and their influence through finance, media is powerful.

Banking reform by positive money.

[video=youtube;CnLGDd1yLhs]http://www.youtube.com/watch?v=CnLGDd1yLhs&list=FL-9ZWa3xwj5awjeFzXnJDSQ&index=5[/video]

[video=youtube;Rd9Pf3Bqp20]http://www.youtube.com/watch?v=Rd9Pf3Bqp20&list=FL-9ZWa3xwj5awjeFzXnJDSQ&index=4[/video]

 

The best creative accountants and bookkeepers are normally the richest. You can put anything on paper and make it look great if you have enough cash to pass around.

 

The primary players today in the stcok and other markets are Mutual funds, what mutual funds deal with? 401ks IRA's and what is really in the itnerest of the banks? earnings per share. who are the shareholders? The people running mutual funds. And who are invested in mutual funds? about 80% of the American people. So then what are the banks interests? The exact same thing as yours and mine, a stable, growing and properous economy.

 

Yes many people have a chicken feed amounts invested of which any gains are minimal after the treadmill of paying interest payments on bloated housing costs and being eaten by fees. Those it really serves is those with the wealth...... as per the video posted in another thread, here

But you're right about the banks interest being earnings per share, its those banks that control the bulk of the expansion and contraction of the money supply. Their employees get bonuses on how much the lend or dont lend? The banks make more money the more they lend (create money out of thin air). When it all goes pear shaped they stop lending, money supply contracts and the economy suffers, people lose jobs and often their wealth. Then its those same banks that have the fed printing (devaluing your money) them money to get em out the poop. And there we have the boom bust cycle

 

So Congress concluded that the Rothschilds controlled the Fed, did they?

 

Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."


My input:
In other words: We the fed are private but we will never admit it.. We do not have to answer to the government when making our own decisions. So we simply just mindfukk you with this fancy wording....

However, the Federal Reserve is subject to oversight by Congress.
but, we the Fed are so powerful, that we would bankrupt congress through the court system if they dare try to regulate,reform, or criminalize our actions.......

We the Fed have not been audited since 1958....

We are an entity without a name that can not be prosecuted..........

We completely influence the Economy with a stroke of a pen,inflation or deflation,,,,

We have more wealth than you could ever possibly dream of........

 

No, just that there are direct links, and purchases that make this very much a possibility!

 

There is zero possibility.

Under the law;

- each bank that owns stock in the regional banks has one vote.

- there are roughly 2500 member banks of the Federal Reserve system

Therefore, if there was some nefarious plot, then someone would have to own a majority or a large minority of member banks outright.

No foreigner has ever purchased stock in a federal reserve bank.

 

Committee on Banking,Currency and Housing, House of Representatives, 94th Congress > Toro

 

What there is zero possibility of is removing the creation of money away from the banks. The Fed was put in place to stop the boom, bust cycles and failed miserably - completely and utterly. Its no surprise really as its the banks not the Fed that creates most of it, as the video i posted highlight.

Do you really think this banking and monetary system is working well? Working to the benefit of the people its to serve? Our so called leaders just gave up the sovereign right of the people to create their own debt free money for this 'better system'. Hows it working out? Id suggest its pathetic on many levels. Whats the chances of system as mentioned in the videos i posted? yep zero, far too power in creating money to just lose it to the people.

 

Inability to understand the report = conspiracy theorists

 

I work in capital markets.

What's funny about all these silly conspiracy theories is that in real life, Rothschild bank is a bit player. I have dealt with every single large and medium sized investment bank in New York, and many of them in London, and not once have I come across Rothschild. They have a small brokerage and asset management group in New York, and a friend of mine worked for Rothschild in investment banking in London. But it's just another mid-table bank. It's frickin' hilarious.

 

Here's the 1976 report BTW.

http://www.scribd.com/doc/46627723/...-Currency-and-Housing-House-of-Representative

It was produced not because people feared there was some nefarious interests controlling monetary policy but because some feared the influence of big business and big finance on the financial system at the expense of everyone else.

But the paranoid conspiracy theorists and their extraordinarily active imaginations made the huge leap of logic that the Fed was part of this massive conspiracy.

It's really silly.

 

inability to explain what you are talking about = paid shill

 

Why do they all suck so bad at doing their job in providing a stable economy? Should be a non issue then for the people to take back their right in printing the nations money supply - debt free. But we both know the banksters will never give it up, why give up the golden egg laying goose.

 

keep trying to change the headline guy!

You said there was zero evidence that the Rothchilds control the Federal reserve.

I provided a Senate report that directly links the Rothchild's to our FED.

You are trying to change the headfline.

This is like when we went from discussing WMD in Iraq, to who is Joe Wilson. You don't like where the conversation is going so you change the whole discussion!

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Some low level quant doesn't know the Rothchild's.....shocking!

 

I said there was zero possibility. And there is zero possibility.

You were the one that posted this nonsense implying the Rothschilds control the Fed.



You back it up.

So rather post some musty report of 40 years ago that you misinterpret, address the issue of today. The banks are all owned by mutual funds and founders/families. To control the Fed, you need to control 1000 member banks, of which there is no evidence of common ownership. Yet, you deflect and post irrelevant stuff.

Not a quant, s0n. That I'm definitely not. Wish I were more of one, actually. Recently hired one though.

And I've been to Rothschilds HQ in London. Long time ago. Like I said, had a friend work in IB there.

 

Funny thing is that I went there once too, and saw the exact opposite.

As to the top part of your post. I have posted a senate report that links the FED and Rothschilds. You have provided nothing but conjecture and uncomfirmed allegations!

BTW, Mr. high level banking person. Why don't you explain to me how a FX derivative notional value is calculated?