Toro
Diamond Member
Terral seams to think so.
http://www.usmessageboard.com/consp...iracies-compilation-thread-4.html#post1302828
Is this true?
Of course not!
First, who owns the Fed?
FRB: FAQs: Federal Reserve System
Generally, ownership confers control and profits. Almost all the profits go from the Federal Reserve system go to the government, not the "owners" of the Fed.
FRB: Press Release--Reserve Bank income and expense data and transfers to the Treasury for 2008--January 9, 2009
In other words, of the $38.8 billion in profits generated by the Fed, a grand total of 3% was paid out as dividends to their "owners." It would be odd that foreign families and their banks would create a system which allows the government to take all of their profits.
Anyways, we have no idea what the ownership stakes are of the Federal Reserve because they have never been published.
Ownership of the Federal Reserve System
So how can anyone make any conclusion about ownership and control if we have no idea who owns what? We do know that all member banks of the Federal Reserve system - all 3,000 or so of them - must buy stock in the district banks to which they belong, but we don't know how much each owns. But this is irrelevant anyways, as we will see in a minute.
We also know who the owners are of each bank. Ownership is filed with the SEC each quarter. The owners of the big banks are diffuse, with the biggest owners being primarily institutional mutual funds such as Fidelity, Capital Guardian and Wellington, or large pension funds such as CalPERS. There are no secret families controlling these banks. Ownership is public and well known.
Can foreign banks own stock in the Federal Reserve? From the above link.
So it is simply not possible for foreign banking interests such as the Rothschilds and the Warburgs to own stock in the Federal Reserve system.
Well then, the argument would be that even if these interests do not control through system through ownership, they do so indirectly by electing board members to execute their nefarious machinations. Except there is one problem with this theory. Again, from the above link.
Thus, no matter what the size of the bank, members only receive one vote.
The Federal Reserve system not only sweeps almost all of its profits to the government, voting is not based upon membership control but just membership. This is how a co-operative operates, not how a corporation operates. In a co-operative, its one member, one vote, period. Your stake of ownership is irrelevant.
So, as you can see, the idea that the Federal Reserve is controlled by a group of banks intent upon stealing all of our wealth is just another silly conspiracy theory that fosters paranoia and hatred.
http://www.usmessageboard.com/consp...iracies-compilation-thread-4.html#post1302828
Is this true?
Of course not!
First, who owns the Fed?
FRB: FAQs: Federal Reserve System
Generally, ownership confers control and profits. Almost all the profits go from the Federal Reserve system go to the government, not the "owners" of the Fed.
FRB: Press Release--Reserve Bank income and expense data and transfers to the Treasury for 2008--January 9, 2009
In other words, of the $38.8 billion in profits generated by the Fed, a grand total of 3% was paid out as dividends to their "owners." It would be odd that foreign families and their banks would create a system which allows the government to take all of their profits.
Anyways, we have no idea what the ownership stakes are of the Federal Reserve because they have never been published.
Ownership of the Federal Reserve System
So how can anyone make any conclusion about ownership and control if we have no idea who owns what? We do know that all member banks of the Federal Reserve system - all 3,000 or so of them - must buy stock in the district banks to which they belong, but we don't know how much each owns. But this is irrelevant anyways, as we will see in a minute.
We also know who the owners are of each bank. Ownership is filed with the SEC each quarter. The owners of the big banks are diffuse, with the biggest owners being primarily institutional mutual funds such as Fidelity, Capital Guardian and Wellington, or large pension funds such as CalPERS. There are no secret families controlling these banks. Ownership is public and well known.
Can foreign banks own stock in the Federal Reserve? From the above link.
So it is simply not possible for foreign banking interests such as the Rothschilds and the Warburgs to own stock in the Federal Reserve system.
Well then, the argument would be that even if these interests do not control through system through ownership, they do so indirectly by electing board members to execute their nefarious machinations. Except there is one problem with this theory. Again, from the above link.
Thus, no matter what the size of the bank, members only receive one vote.
The Federal Reserve system not only sweeps almost all of its profits to the government, voting is not based upon membership control but just membership. This is how a co-operative operates, not how a corporation operates. In a co-operative, its one member, one vote, period. Your stake of ownership is irrelevant.
So, as you can see, the idea that the Federal Reserve is controlled by a group of banks intent upon stealing all of our wealth is just another silly conspiracy theory that fosters paranoia and hatred.
cuckoo
