Toddsterpatriot
Diamond Member
Start here:
"1. A private bank is granted the right to create money"
Fed critics point out commercial banks are required to hold stock in their regional Federal Reserve Bank and these private banks receive dividends.
Ownership equals control; hence, the Fed serves banking interests.
Do you agree?
The Unbroken Thread: Debt, War, and the Normalization of Elite Power (1694-2026)
Ownership equals control;
Not in this case.
The Fed is not a for-profit corporation in the traditional sense; its residual earnings are remitted to the U.S. Treasury after covering operating expenses and statutory dividends. All nationally chartered commercial banks are legally required to be members of the Federal Reserve System. They must hold stock in their respective regional Federal Reserve Bank.
This mandatory stock ownership is fundamentally different from holding equity in a publicly traded company. The stock is non-transferable, cannot be sold on the open market, and does not confer typical shareholder rights, such as control or a claim on the Fed’s assets. Member banks with assets over $10 billion receive a dividend rate equal to the lesser of 6% or the current 10-year Treasury auction rate, while smaller banks receive a fixed 6% dividend.