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. government will have to go back to the Federal Reserve to get even more money to finance the ever expanding debt that it has gotten itself trapped into. We should have listened to men like Edison and Ford. #3 The Federal Reserve Has Destroyed More Than 96% Of The Value Of The U. Because the money supply is designed to expand constantly, it is guaranteed that all of our dollars will constantly lose value.However, owning Reserve Bank stock is quite different from owning stock in a private company. It is a debt spiral that is designed to go on perpetually. Inflation is a “hidden tax” that continually robs us all of our wealth.But instead of endlessly blaming both political parties, the truth is that most of the blame should be placed at the feet of the Federal Reserve. The Federal Reserve controls the money supply, the Federal Reserve sets the interest rates and the Federal Reserve hands out bailouts to the big banks that absolutely dwarf anything that Congress ever did.
The following is a list of loan recipients that was taken directly from page 131 of the audit report…. But shouldn’t the banks be lending the money to us so that we can start businesses and buy homes?
Citigroup – $2.513 trillion Morgan Stanley – $2.041 trillion Merrill Lynch – $1.949 trillion Bank of America – $1.344 trillion Barclays PLC – $868 billion Bear Sterns – $853 billion Goldman Sachs – $814 billion Royal Bank of Scotland – $541 billion JP Morgan Chase – $391 billion Deutsche Bank – $354 billion UBS – $287 billion Credit Suisse – $262 billion Lehman Brothers – $183 billion Bank of Scotland – $181 billion BNP Paribas – $175 billion Wells Fargo – $159 billion Dexia – $159 billion Wachovia – $142 billion Dresdner Bank – $135 billion Societe Generale – $124 billion “All Other Borrowers” – $2.639 trillion So why haven’t we heard more about this? In addition, it turns out that the Fed paid enormous sums of money to the big Wall Street banks to help “administer” these nearly interest-free loans…. So the banks can just send their cash to the Fed and watch the money come rolling in risk-free. You would think that is how it is supposed to work.
The truth is that it is a privately owned central bank.
It is owned by the banks that are members of the Federal Reserve system. government paid out 454 billion dollars just in interest on the national debt. Most Americans today don’t understand how any of this works, but many prominent Americans in the past did understand it.
What would happen if the Federal Reserve was shut down permanently?
That is a question that CNBC asked recently, but unfortunately most Americans don’t really think about the Fed much.Since the return on government debt is higher, the banks are able to make large profits very easily and with very little risk.This scam was also explained in a recent article in the Guardian….But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned. #4 The Federal Reserve Can Bail Out Whoever It Wants To With No Accountability The American people got so upset about the bailouts that Congress gave to the Wall Street banks and to the big automakers, but did you know that the biggest bailouts of all were given out by the Federal Reserve?#2 The Federal Reserve System Is A Perpetual Debt Machine As long as the Federal Reserve System exists, U. government debt will continue to go up and up and up. Treasury bonds to the Federal Reserve, and the Federal Reserve gives the U. Thanks to a very limited audit of the Federal Reserve that Congress approved a while back, we learned that the Fed made trillions of dollars in secret bailout loans to the big Wall Street banks during the last financial crisis.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. When this new debt is created, the amount of interest that the U. government will eventually pay on that debt is not also created. You see, the reality is that the money supply is designed to constantly expand under the Federal Reserve system. The Federal Reserve always says that it is “committed” to controlling inflation, but that never seems to work out so well.