parsonswife
Veteran Member
Who established the FRB and who actually owns the Fed Reserve now? Are all central banks separate from the countries that they are located in? What happens if a government "nationalize a banking system?
…… Who owns the Fed Reserve bank
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Gimpywarrior
Contributing Member
Federal reserve act of 1913. Headed by a board of governors who report to congress. supposedly.
Telescope Steve
Veteran Member
Here is their story. I expect that you will hear a lot of other info on this thread too.
Overview: The History of the Federal Reserve
Explore the Federal Reserve's history
www.federalreservehistory.org
Abe Froman
Senior Member
Not me…. Or anyone I associate with.
Griz3752
Retired, practising Curmudgeon
The “official answer”
Odd how closely the Board of Governors are related to or active in Big Banking, isn't it?
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation's central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress.The Fed - Who owns the Federal Reserve?
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
Odd how closely the Board of Governors are related to or active in Big Banking, isn't it?
mzkitty
I give up.
The hard copy edition is fabulous, which I bought at Barnes & Noble years ago when we first started talking about it here. Everybody should have one. I unfortunately had to leave mine when we moved to FL (stupid), so now I have to buy another one. Don't leave home without it. Thanks for reminding me.
The federal reserve is not a government agency. It is a private banking consortium.
Secrets of the Temple: How the Federal Reserve Runs the Country
View: https://www.youtube.com/watch?v=x0SKYT_zScw
RT 28:25
See the book by William Greider - Goodreads
Griffin is a national treasure.
RT 28:25
See the book by William Greider - Goodreads
Griffin is a national treasure.
West
Senior
For newbies...
Of note, before and after 1913 and for a short 7 years after, the FRBanksters and government got its funding from mostly tariffs and sin taxes from alcohol and alike.
But along comes prohibition 1920 AND the right for women to vote in the same year and so now the Bureaucrats in government is getting squeezed with no sin taxes, Soooo we get the evil, and unfair income tax. Where the employers and employees are fined for income taxes because they are working/employing.
Sad, sad and sad...
Of note, before and after 1913 and for a short 7 years after, the FRBanksters and government got its funding from mostly tariffs and sin taxes from alcohol and alike.
But along comes prohibition 1920 AND the right for women to vote in the same year and so now the Bureaucrats in government is getting squeezed with no sin taxes, Soooo we get the evil, and unfair income tax. Where the employers and employees are fined for income taxes because they are working/employing.
Sad, sad and sad...
Teeja
On the Beach
Oh, this is SO, SO RICH... from the Federal Reserve's own website [here]:
"Agency of the federal government"... yeah right...
Even better -- "... and reports to and is directly accountable to the Congress." 
Thanks for the belly-laugh, Fed-boys... sure you're part of the federal government... just like Federal Express is part of the federal government.
More like, the Federal Reserve owns Congress, and Congress is directly accountable to the Federal Reserve Banksters. If you think differently, I suggest you contact retired Congressman Ron Paul, and ask him how it went with him attempting to establish actual "congressional accountability" over the Federal Reserve.
Hilarious.
These banksters just crack me up.
"Agency of the federal government"... yeah right...
Even better -- "... and reports to and is directly accountable to the Congress."
Thanks for the belly-laugh, Fed-boys... sure you're part of the federal government... just like Federal Express is part of the federal government.
More like, the Federal Reserve owns Congress, and Congress is directly accountable to the Federal Reserve Banksters. If you think differently, I suggest you contact retired Congressman Ron Paul, and ask him how it went with him attempting to establish actual "congressional accountability" over the Federal Reserve.
Hilarious.
These banksters just crack me up.
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Teeja
On the Beach
mzkitty
I give up.
jed turtle
a brother in the Lord
The sinking of the Titanic with certain senators who were anti- proposed federal reserve was tied to subsequent successful establishment of the current “National Bank”...
West
Senior
Yes just add that at first only the stinking rich was going to be taxed on income. You know (not you MzKitty) those super rich SOB who made more than $10k a year, and even then it was only 1% tax on income.
Now it's 15% plus, plus total compliance! And matched by your employer! AND ON THE WORKING POOR!
The first 7 years it was not even enforced. 1930 is when the hammer came down. From then on it just keeps getting worse.
Now if you make A dollar in the private sector on your own you owe 15%+ compliance. If your paid a dollar threw your employer you owe 7.5 % of that one dollar plus compliance and if your employed your employer matches 7.5% and pays the cost to be compliant while paying his/her mandate for employing you.
It's a racket!
Codeno
Veteran Member
Yep. This book is the definitive go to on this subject, and your first time through it will change the way you view most everything having to do with banking and "high finance".
Cyclonemom
Veteran Member
It *Should* be required reading in every high school government or US history class.
So that means it's up to us as parents to make sure it's read.
Teeja
On the Beach
A video presentation by G. Edward Griffin, containing much of the info in the book, "The Creature from Jekyll Island: A second look at the Federal Reserve"-- Runtime: 1hr, 47 min:
View: https://www.youtube.com/watch?v=u2Sdm5gIxC0
West
Senior
My proof that the income tax wasn't even enforced until about the 1930s......
Quote..
In June 5, 1931, Capone was indicted for 22 counts of federal income-tax evasion for the years 1925 through 1929.
Capone was made a example of. But again only the evil rich had to pay at first. Now all you need to make is over $300 in a year in income to be taxed 15% plus.
WTF!
Quote..
In June 5, 1931, Capone was indicted for 22 counts of federal income-tax evasion for the years 1925 through 1929.
Capone was made a example of. But again only the evil rich had to pay at first. Now all you need to make is over $300 in a year in income to be taxed 15% plus.
WTF!
EastWest
Senior Member
The money masters documentary from the 80’s was my first introduction to the Fed Reserve and the International Banking Cartels. It’s very 80’s but a great course on the history of how reserve banking came about and dominates the world today. In my view this is the most comprehensive work ever done on the subject and worth the time it takes to watch.
The Money Masters 3.5 Hr R/T:
View: https://www.youtube.com/watch?v=AOk3wBuQNcE
Some great US history is President Jackson’s fight against Nicholas Biddle of the then US Reserve Bank. Biddle used all the tactics the fed is so good at in modern times by calling in loans and creating inflation. Jackson at great personal cost prevailed by withdrawing all of the governments silver and gold defeating them in that era.
He was the Trump of his day extremely popular but hated by the PTB. The swamp was not as deep then with all the weaponized politics & bureaucracies.
The Money Masters 3.5 Hr R/T:
Some great US history is President Jackson’s fight against Nicholas Biddle of the then US Reserve Bank. Biddle used all the tactics the fed is so good at in modern times by calling in loans and creating inflation. Jackson at great personal cost prevailed by withdrawing all of the governments silver and gold defeating them in that era.
He was the Trump of his day extremely popular but hated by the PTB. The swamp was not as deep then with all the weaponized politics & bureaucracies.
West
Senior
Sure but black mailed and mostly controlled by our socialistic bureaucratic bureaucracies!
It's a win win for the banksters and bureaucrats.
Especially when more than ever in today's happy divorce states, many many individuals who have worked all their lives to the bone and die early and get not on FRIGGING dime that was stolen from their labors in the guise of FICA taxes, AKA as S.S. taxes.
The bureaucrats jump for joy hundreds of times and sometimes even more daily when 100+ hard working tax paying individual middle class Americans die early and get not one dime of their and their employers matched contributions of 15% plus compliance back to their estates! Not one frigging bloody dime!
Also many billions of dollars a YEAR is collected by our bureaucrats to spend how ever they deem, like free monies by collecti g the FICA taxes from employees who are illegals and use fake S.S.#. Like water that comes out of the ground as sweet wine.
PghPanther
Has No Life - Lives on TB
Alright here we go........the horse comes out of the barn on this one...............no public figure, no book or video will tell you this because they can't get published or broadcasted if they did..............
First lets start with what you can say...........or claim despite the elite denying it......
The Federal Reserve is a central bank (psst ......can't really say this but I will..........established by a private banking group consisting of Anglo-Saxon/Zionist elites).......whose role is to manage and monitor the money supply to stabilize economies and provide through its 12 branch members a liquid dollar that is legal tender in all states (they say something to that effect on their website)......
Now lets start going down the rabbit hole..........
.....behind the curtain what they do is control the economies and fate of the nation by making Wash, DC borrow at interest from them to conduct all their wars (to keep the petrodollar trade forced down the worlds throat in order to keep the dollar value intact) while manipulate the value of the dollar domestically for their gain through economic cycles.
Our Fed Reserve bank is directly beholden to the elite that run the show at the Bank of England and the people who own that go back many centuries to one family..........Rothschilds.
They in essence through this banking system of fractional reserve/usury to governments end up ruling as much of the world through controlling money as anyone in human history ever has.
The US government/military is a puppet to the Fed Reserve...............they do their dirty work for them.
Any leader or country that refuses to play the game....................becomes public enemy #1 worldwide.
Now we get to the messy stuff....................
The most recent country to kick out their control of the money during economic despair/hyperinflation and turned their control of money to a real economy of labor, services and materials within 5 years became one of the most prosperous and successful economies ever in modern times was Germany in the 1930s..................this miracle turnaround exposed the elite bankers con game and as a result the world elites central bankers declared economic war against Germany trying to destroy them in 1933...........5 years before any so called WW2 started.
and to make sure nobody realized how badly they were exposed by Germany they pushed a world war on Germany through their pasty Churchill (whom they bailed out financially and blackmailed to the Belfour Act) and in the process sacrificed many of their very own tribe just to control the world's money. Since these folks control our education/media and entertainment what you remember most about Germany today are "camps" and not their releasing of the chains of starvation on millions of their citizens from getting rid of their control of money.
Now that's some deep doo doo right there so if it offends or shocks you I suggest you better start researching that to realize what the bankers (Feds in the US) are doing today........................and its to own everything and for you to own nothing. Bottom line..........the government/military do the bidding for them and elite bankers hide behind the curtain so the American public doesn't have a friggin clue to what is going on.
Today Russia, China and Iran are trying to make trade without using the petrodollar but rather leveraging their own commodities/monetary units which they have every right to do.................and guess what?.............well they are the bad guys but one problem. The US can't push them around like the little countries they have done in recent times. So all of a sudden the Western central banking cartel is a bit nervous...................and they should be.
Here at home I mentioned that the Jan 6 protests were so clueless and at the wrong place, hell look at Trump and his family and you know he's a pasty too........
If you are worried about the election process then you should be first worried about who the elite allow to even get on party tickets to begin with............remember the most popular candidate during the 1st democrat presidential debate in rating poles???................and she was dropped from debating after that. She happened to mention that we shouldn't be dragged around the middle east fighting wars for a certain ally and that was the end of her running for president.
But who in the hell polled the worse in that debate and ended up becoming the VP to Biden???.......................yup the knee pad puppet.
The Jan 6th crowd should have gone after the Fed Reserve building not the capital..........and the most dangerous person in the US is not Biden or anyone else in that lackey crew of puppeteers ....................but the chairperson of the Federal Reserve...................one Janet Yellen..........the most dangerous person in the US when she held that role and now happens to be in the current administration as a sec of the treasury...............good gawd we took the fox out of the woods and put it right in the DC hen house...........
and would you like to guess her ancestry?
That's enough for now but there is a lot more..........a lot more to what I just barely touched on above.
110 and out...................(figure that one out too while you are at it)
First lets start with what you can say...........or claim despite the elite denying it......
The Federal Reserve is a central bank (psst ......can't really say this but I will..........established by a private banking group consisting of Anglo-Saxon/Zionist elites).......whose role is to manage and monitor the money supply to stabilize economies and provide through its 12 branch members a liquid dollar that is legal tender in all states (they say something to that effect on their website)......
Now lets start going down the rabbit hole..........
.....behind the curtain what they do is control the economies and fate of the nation by making Wash, DC borrow at interest from them to conduct all their wars (to keep the petrodollar trade forced down the worlds throat in order to keep the dollar value intact) while manipulate the value of the dollar domestically for their gain through economic cycles.
Our Fed Reserve bank is directly beholden to the elite that run the show at the Bank of England and the people who own that go back many centuries to one family..........Rothschilds.
They in essence through this banking system of fractional reserve/usury to governments end up ruling as much of the world through controlling money as anyone in human history ever has.
The US government/military is a puppet to the Fed Reserve...............they do their dirty work for them.
Any leader or country that refuses to play the game....................becomes public enemy #1 worldwide.
Now we get to the messy stuff....................
The most recent country to kick out their control of the money during economic despair/hyperinflation and turned their control of money to a real economy of labor, services and materials within 5 years became one of the most prosperous and successful economies ever in modern times was Germany in the 1930s..................this miracle turnaround exposed the elite bankers con game and as a result the world elites central bankers declared economic war against Germany trying to destroy them in 1933...........5 years before any so called WW2 started.
and to make sure nobody realized how badly they were exposed by Germany they pushed a world war on Germany through their pasty Churchill (whom they bailed out financially and blackmailed to the Belfour Act) and in the process sacrificed many of their very own tribe just to control the world's money. Since these folks control our education/media and entertainment what you remember most about Germany today are "camps" and not their releasing of the chains of starvation on millions of their citizens from getting rid of their control of money.
Now that's some deep doo doo right there so if it offends or shocks you I suggest you better start researching that to realize what the bankers (Feds in the US) are doing today........................and its to own everything and for you to own nothing. Bottom line..........the government/military do the bidding for them and elite bankers hide behind the curtain so the American public doesn't have a friggin clue to what is going on.
Today Russia, China and Iran are trying to make trade without using the petrodollar but rather leveraging their own commodities/monetary units which they have every right to do.................and guess what?.............well they are the bad guys but one problem. The US can't push them around like the little countries they have done in recent times. So all of a sudden the Western central banking cartel is a bit nervous...................and they should be.
Here at home I mentioned that the Jan 6 protests were so clueless and at the wrong place, hell look at Trump and his family and you know he's a pasty too........
If you are worried about the election process then you should be first worried about who the elite allow to even get on party tickets to begin with............remember the most popular candidate during the 1st democrat presidential debate in rating poles???................and she was dropped from debating after that. She happened to mention that we shouldn't be dragged around the middle east fighting wars for a certain ally and that was the end of her running for president.
But who in the hell polled the worse in that debate and ended up becoming the VP to Biden???.......................yup the knee pad puppet.
The Jan 6th crowd should have gone after the Fed Reserve building not the capital..........and the most dangerous person in the US is not Biden or anyone else in that lackey crew of puppeteers ....................but the chairperson of the Federal Reserve...................one Janet Yellen..........the most dangerous person in the US when she held that role and now happens to be in the current administration as a sec of the treasury...............good gawd we took the fox out of the woods and put it right in the DC hen house...........
and would you like to guess her ancestry?
That's enough for now but there is a lot more..........a lot more to what I just barely touched on above.
110 and out...................(figure that one out too while you are at it)
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mzkitty
I give up.
West
Senior
Read all the economic histories of the U.S. and the world before 1920.
Teeja
On the Beach
Then you're not paying attention. The best commentary you can get is to watch the video I posted above by G. Edward Griffin. He lays out how sound monetary policy works, and how the fractional-reserve, fiat monetary system doesn't work. Granted, their fiat system is designed to "work" for "THEM" ( the central bankers). It just doesn't work for the average John Q. Public who keeps having his money inflated into oblivion, year after year, ever since 1913. The solution is a gold-backed currency, not a debt-based system.
momma_soapmaker
Disgusted
This details all of it better than I could.
Collapse of the American Dream explained in animation (including explanation of the Federal Reserve).
Runtime 29:55
View: https://youtu.be/mII9NZ8MMVM
Collapse of the American Dream explained in animation (including explanation of the Federal Reserve).
Runtime 29:55
Rothschild said ‘give me control of a nation’s money and I care not who makes its laws.’
Eventually they won with the creation of The Federal Reserve Bank.
G. Edward Griffin’s book is a masterpiece. I saw him speak once in the early 1990’s. Very intelligent guy.
For Followers of Yeshua it is important to remember that these people will only be defeated by The LORD Himself.
These are the earthly manifestations of a portion of the “Powers and Principalities“ that we’re warned about in the Bible.
mattbert
Eventually they won with the creation of The Federal Reserve Bank.
G. Edward Griffin’s book is a masterpiece. I saw him speak once in the early 1990’s. Very intelligent guy.
For Followers of Yeshua it is important to remember that these people will only be defeated by The LORD Himself.
These are the earthly manifestations of a portion of the “Powers and Principalities“ that we’re warned about in the Bible.
mattbert
What happened before there was a Federal Reserve?
Profit of Doom
Dismember
There might be better ones.
The Creature From Jekyll Island.pdf (PDFy mirror) : Free Download, Borrow, and Streaming : Internet Archive
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Samuel Adams
Has No Life - Lives on TB
Loved the recap.
But the answer is real simple…..to the OP inquiry…..(same conclusion….less math…..)
Who holds all the gold that the FR bought with all that paper, over the last 110 ?
Panic of (Depression) 1857, 1873, 1893, and 1907 all during good solid gold currency. IIRC, J P Morgan bailed the gov out in 1893 and 1907, got sick and tired of it so the Fed Res magically appeared. .
Gramp told me that in 1893, the local bank printed what he called "scrip" so there would be a medium of exchange locally. Most was barter.
Jesse James had to be careful what banks he robbed. All some of them had was only local scrip. However, everybody on a train had money valuable anywhere so he started robbing trains. .
PghPanther
Has No Life - Lives on TB
where there was no private cartel central bank (FR) there was no inflation..........at one time in this nation for 100 years your dollar could purchase the same amount of goods it could at the end of that time as it did in the beginning.............yet we are told a central bank helps stabilize economies.........
Also.........the only times we've ever had peace and no military conflict happed to coincide with not having a private cartel central bank.
Of course they will tell you that currency supply without a central bank may not honor the notes in different banks or states which could be a problem but can be solved other ways then allowing some elites to pretend they will centralize and stable the currency notes...........
West
Senior
Good stuff.
But no safety nets. The majority of Americans want safety nets paid for by their naighbors labors.
Sad.
JP Morgan altruistic? Surely you jest. In those days, no business no profit. So he and his buddies went to some effort to keep the progress of commercial enterprise orderly. Today, you can make money from commercial disaster as a bunch of bank officials have recently demonstrated. .
PghPanther
Has No Life - Lives on TB
Actually gold is the invention of the money changers way of controlling goods and services (Griffin dare not say who they were or else won't get the book published)..........the true value of money and how much should be in circulation is most stable and effective when it tied to labor, materials/goods services in other words a real economy.............not a financial one like wall street speculation tools or a favor of the coin clippers that of assets like precious metals because outside of decoration and some limited use in electronic conductivity (there is not enough of it around to use in mass) gold has no use or value in society compare to food, labor/materials and services...........oil does because without it you can have modern time labor, food and materials and that's why the central bankers tie it to the petrodollar but in order for it to work we must force the world to use it as a way to rob the rest of the world of their goods/services without inflating our money supply but push it on the rest of the world because we need to keep those dollars in world circulation to keep from having them coming back to us or else.....hyperinflation here.......... but that is another discussion.
The same people who conned us with fiat money through central banking first conned the world with gold and their receipts..............
Germany provided hard assets were not what you backed money to in the1930s to get out of hyperinflation but to the real economy as I have explained..............if you look at what they did after they kicked out the bankers it was unreal ..........a country of tremendous wealth prosperity and future innovation. They were looking like they were right out of the HG Wells Novel "The shape of things to come" until the central bankers pushed the world to declare war on them and use Poland as an excuse to point fingers at Germany.
The US is so screwed because we let the elite get control the money but now some in the rest of the world are saying enough.............and they are getting bigger more powerful and more resilient all the time and may end the rule of the Fed in controlling the world for its gain.