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Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank's district. Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president. Mullins reported that the top eight stockholders of the New York Fed were, in order from largest to smallest as of 1983, Citibank, Chase Manhatten, Morgan Guaranty Trust, Chemical Bank, Manufacturers Hanover Trust, Bankers Trust Company, National Bank of North America, and the Bank of New York (Mullins, p. 179). Together, these banks owned about 63 percent of the New York Fed's outstanding stock. Mullins then showed that many of these banks are owned by about a dozen European banking organizations, mostly British, and most notably the Rothschild banking dynasty. Through their American agents they are able to select the board of directors for the New York Fed and to direct U.S. monetary policy. Mullins explained...
http://www.usagold.com/federalreserve.html

In case you didn't know already.  :D

Yeah the Fed is basically a cartel of banks.  Even their own website states that they are only quasi-government. 

It's not my #1 topic, but some people around here probably don't pay attention to the Gov.

the Emperor has no clothes

I hope he's not planning on doing video chat for BTC.  :D


Has Rand Paul talked much about the Fed?

You can't own imaginary value... (Virtual value)

Oh wait, you can...

Ownership is a funny word... There is no ship!

Reserve... To hold... Hold what? We hold the money, they hold the ... the ... there is nothing left to hold, except what we have in our hands, and what is rolling off the printing-press, yet to be held.

I want my ... um ... um ... whatever a dollar is worth, back!

Today it's worth a Big Mac, tomorrow ... you might use it to wipe your ass. It's a thin line...

I wish I was one of the representative of the Rothschild dynasty  :D

Yeah look at the Russian ruble.  Down 10% YTD vs the dollar.  Of course that's mainly due to madman Putin.

Wish they would elect seven of nine.
*insert NSFW image of Jeri Ryan here*

rule 34

...


I have not seen any more recent information that you quoted (1983).  There have been a lot of changes among those NYC banks, Chemical, Chase and JP Morgan all merging being the biggest fish now.

And where does Goldman Sachs now fit in?  And part-owner Saudi Prince al-Waleed?

Hmm, a Saudi price and Rothschilds...  Cozy!

And any debts that any European owners may have incurred?

***

An update is urgently needed, how about it, Matt Taibbi?

I would like to take this opportunity to extend to you a hearty greeting to our community sir.

I have long appreciated your comments at ZH.

Welcome!

People should start to wake-up to the fact that Fed policy 100% effects the USD price of Bitcoin. And due to that, effects the exchange rate from Bitcoin to all other domestic currencies.

What do you think would happen if the Fed expands QE-to-infinity? I'd bet Bitcoin's price to USD would sky-rocket.

I hope so but I'm afraid it is not going to happen anytime soon.

Investors will put most of their money into other traditional currencies instead of Bitcoin, even though the Fed really expands QE-to-infinity one day.

The basic fact is that most people still trust traditional currencies far more than Bitcoin.

Too tied up
http://images5.fanpop.com/image/photos/29000000/Jeri-jeri-ryan-29005025-800-600.jpg

This is about right:
http://www.blastr.com/sites/blastr/files/Jeri_Ryan_SevenOfNine.jpg

I heard someone once said that the Federal Reserve is as Federal as Federal Express (FedEx).

Nice tits.. Er I mean pics

Yes,it's true, Federal Reserve are controled by private companies.

Yes the media makes them seem like part of the Gov, but they are not.

in the old days the rothschilds were not permitted to marry outside the family. i think we all know what happens to genetics at that point

Most of the Fed profits are handed over to the US Treasury, so it knows who the boss is, but Congress is treated with contempt by the Fed.

" give me control of a nation's money and i care not who makes its laws" mayer amschel bauer

who gives a shit about a few basis points of profits when trillions go through the fomc and the discount window?

Looks correct:

The Insanely Profitable Federal Reserve
http://www.thedailybeast.com/articles/2014/01/14/the-insanely-profitable-federal-reserve.html

....
It also makes a metric ass-ton of money in the process, kicking this cash back upstairs to the U.S. government that permits it to operate.

How profitable is the Federal Reserve?

Victoria McGrane's story at the Wall Street Journal tells us about the Fed's incredibly lucrative 2013 (emphasis mine):

The Federal Reserve sent about $77.7 billion in profits to the Treasury Department in 2013.

The Fed in a statement released Friday said it made an estimated $79.5 billion in net interest income, a total largely driven by the $90.4 billion in interest income it made on its portfolio of Treasurys, mortgage bonds and other securities.

http://www.youtube.com/watch?v=Vw9jXppiQEo

That's Jerry Ryan, a Fed employee, telling you who owns them.

Also worth a read:


http://media.ca8.uscourts.gov/opndir/05/04/042357P.pdf

The Rothschild!

how come central bank (The Fed) can make money and US Gov must buy it?
isn't the fed private banking?

FedR is organised this way since there wasn't enough money that government owns to really create high enough Reserves. Even though it is organised this way there is still supervision of governors democratically elected. Not to mention rules of law and judicature. It looks weird but in the end system works same as in other, more normal countries.

Ah yes, the FRB paid back to the UST a fraction of the interest which it charged the UST.  I think I know who is the sucker at this poker table.

Can't believe they managed they put it back for the 3rd time, the other 2 times were in late 18th century and in the 1830's when the great andrew jackson "killed the bank"

me do
roflmao

It's not really profit, it's like if I gave myself a $1,000 loan and charged myself interest.  The interest I collect on myself really isn't profit, it's just passing from one hand to the other.

The US citizens end up with a huge debt and the Fed makes a huge profit.

'One Hundred Years is Long Enough. End the Fed' - Ron Paul

Ron Paul’s crusade against the Federal Reserve has been going on for several decades. He made several attempts to initiate a Senatorial audit of America’s central bank but has never found enough support even among the members of his own Republican party. Now, the former US Representative for Texas’ 14th and 22nd congressional districts continues his battle against the Federal Reserve by publicly criticizing its failures that hurt the US economy.

Ron Paul is concerned by the fact that Americans don’t want to recognize that “Fed’s growth from a quasi-agent of the Treasury Department intended to provide an elastic currency, to a de facto independent institution that has taken complete control of the economy through its central monetary planning.”

https://www.lewrockwell.com/2014/01/no_author/dont-say-you-werent-warned/

The Federal Reserve botched its stated mission. America’s “private central bank” was created with the stated goal of preventing financial crises such as the Panic of 1907. History proves that the Fed failed multiple times. The Great Depression, the recession of 1973-1975 and the recent financial crisis of 2008 happened on Fed’s watch and its critics argue that the central bank’s actions have exacerbated the damage done to American and global economies.


Free money sign up today  ::)

I watched a video once about this same questions. Basically its big time investors/corporations that then loan the money to banks who then loan it to us with higher rates...

The best video on the subject of money and banking I've seen is "Money as Debt (http://www.youtube.com/watch?v=jqvKjsIxT_8)". Followed swiftly by "The Money Masters". If you watch either of those and you don't get angry, you're not paying attention.

It's faux profit.  Who is the profit going to?  The profit is in keeping the interest rates low so the banks make money.  The profit isn't in the interest income itself.

It's not faux profit. It is the interest on printed money, so basically it is stealth-taxed from all holders of the US$, both domestically and internationally.

You know what else is ridiculous?

You don't hear it mentioned much but the the Federal Reserve gives themselves a 6% profit from all the money they make out of thin air.

It's almost unbelievable.  Basically what happened is the banking cartels took over production of money. And they make a massive 6% profit from every dollar they make. It's an unfathomable amount of currency made for .... printing currency.   These vampires make money from making money which they then use to buy real assets such as islands, plans, politicians, mansions, Bentleys and private jets and other goods.

I don't think people would believe it. But it's true. Google 'federal reserve 6% dividend' .

These banking magnates effectively have the American people in choke hold and siphon an almost uncountable amount of money into their own pockets. It's all the money from the middle class flowing upwards for all these decades and will only lead to collapse, it is unavoidable.

Yup, 2 things the majority of America doesn't know about the Federal Reserve:
It's not Federal, and it's not a reserve.
It is truly depressing to me how much the average citizen knows about the Federal Reserve, if anything. Wake up people (to the sheep)! These banking cartels are controlling your life. The Fed makes announcements about Quantitive Easing, and the stock market either plummets or shoots up, no doubt putting infinity-millions more into the big banks' pockets when they buy/sell at the right time. Anybody on here a Zeitgeist fan?
And they call people conspiracy theorists when they suggest the Rothschilds have controlling stakes in the world...
Speaking of the Fed and their worthless funny money, there was a video posted by another member on one of these sub-forums that was pretty informative to anyone needing clarification on the U.S. money system. Here it is, if anyone hasn't seen it and is interested:
https://www.youtube.com/watch?v=iFDe5kUUyT0

Fed. Reserve doesn't have much oversight (that includes audits). And as was aforementioned, the name is incredibly deceptive, it's not related (at least publicly) to the Fed. Government..pretty ridiculous state of affair if you ask me.

WOW! Best 30 minutes of information of my life. But what to do about it? Hmmm....

The Reptilians control everything

Welcome 1CoolNewb  :)
But what to do about it?
It is hard to fight history and powerful modern forces. Education is a great first step.

And who is the largest holder of treasuries?  You cannot make a profit on yourself.

The federal reserve is about as federal as federal express.

The naming wasn't accidental.  Of course it was named so as to appear to be a federal agency.  The idea that a private cartel of for profit banks (who interest may not align with the general public) has complete control of the money supply is well ... scary.  One way to make it less scary is to not call it ... the "Federal" reserve.   I mean it is federal which sounds good and safe and it is a reserve that means something vaguely like insurance or safe keeping for bad times.  Best name ever for a for-profit enterprise.

It's also insolvent (http://traffic.libsyn.com/sovman/SM003.mp3), leveraged at 80:1, i.e. an ~1% move downwards in the value of the shitty collateral they're holding (think mortgage backed securities) makes them bankrupt. If anyone ever told the truth, of course.

http://s27.postimg.org/wlh0o295f/icke16_03.jpg

Vampires

The creators of the Federal Reserve never intended to achieve their stated mission because it was just part of their camouflage to get the U.S. Congress to pass the law that established the Fed.

The Federal Reserve System was designed by six men who met in secret on Jekyll Island, Georgia in 1910. These six men represented approximately 25% of the entire wealth of the whole world at the time. The men were:

• Senator Nelsen W. Aldrich, father-in-law to John D. Rockefeller, Jr. and grandfather of David Rockefeller and Nelson Aldrich Rockefeller, former Governor of NY and former Vice-Presidential Candidate
• Henry P. Davison, Senior Partner of J.P. Morgan Company
• A Piatt Andrew, Assistant Secretary of the Treasury
• Frank A. Vanderlip, President of the National City Bank of New York, representing William Rockefeller
• Benjamin Strong, head of J.P. Morgan's Banker's Trust Company and later head of the Federal Reserve System
• Paul M. Warburg, a partner in Kuhn, Loeb & Company, representing the Rothschilds and Warburgs of Europe

For many years, the central bankers of Europe loaned money to the various governments. By playing one government against another, they actually controlled those governments. They often financed both sides in war and profited from both sides. The United States resisted getting involved with central bankers for a great part of its first 120 years or so, during its greatest period of economic growth in history. (A major exception was the Bank of the United States which President Andrew Jackson eliminated.)

The U.S. Constitution does not permit the Federal Government to print paper money.  The framers of the Constitution were very aware of the inflationary dangers of paper currency from their experience during and shortly after the American Revolution with the printing of Continental currency and the destructive inflation that quickly made it worthless. The Constitution permitted only the "coining" of money from precious metals like gold and silver. One mistake they did make was to permit the Federal Government to borrow money. This left the door open for central bankers to get their foot in the door. And that is the flaw that these men worked to exploit in their plan hatched at Jekyll Island. It took these men until 1913 to get the U.S. Congress to pass the billl that created the Federal Reserve.

They used a number of approaches to hide their actual intent: They intentionally did not use the word "Bank" in its name. They use the word "Federal" in their name to make most people believe it was a government agency when it is really a private organization. They falsely stated that their intent was to prevent financial crises when their real intent was to gain control over the government and enhance their own profits. They proposed numerous branches around the country to deceive people into believing that control was decentralized when their real intent was to vest centralized control in the one main place while the branches were just a deception. The carefully decided upon the word "Reserve" in their name to give the impression that it was an organization that banks could fall back on to prevent financial crises.

There are  two excellent books that describe the history of the central banks, how these six men planned the cartel that became the Federal Reserve, and why the Federal Reserve should be abolished:

One is a short, quick read at only 136 pages. It is:  "None Dare Call It Conspiracy" (http://www.amazon.com/gp/product/0945001290/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0945001290&linkCode=as2&tag=readingtopogr-20)
The second book provides much more detail and is 588 pages, but still very readable. It is "The Creature From Jekyll Island" (http://www.amazon.com/gp/product/091298645X/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=091298645X&linkCode=as2&tag=readingtopogr-20)

Both of these books make a strong case that the goal of these rich bankers is to create a one world government, "A New World Order" that they control. Tearing down the U.S. economy is just one step helping them toward their goal. In his book  "Memoirs" (http://www.amazon.com/gp/product/B004G606FI/ref=as_li_qf_sp_asin_il_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B004G606FI&linkCode=as2&tag=readingtopogr-20), David Rockefeller states on page 405: “Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that's the charge, I stand guilty, and I am proud of it.”

These needs to be updated as there is a new chairman now.

It could be 200 to 1  leverage.
Since there has been no audit, how would we know for sure?

live on but knowing the truth about the Federal Reserve ! Yoy can't do anything - it's too powerful system to fight with

The federal reserve does not draw any money from the treasury nor are it's costs included in the budget. It's costs are paid for by interest it receives from it's portfolio, and any excess interest that it receives above it's budget is given to the treasury.

The interest that the government pays on the bonds owned by the Fed is essentially interest paid to itself.

The goal of the federal reserve is to provide price stability and maximum employment to the economy via interest rates.

I don't know if you've been following the news, but the House of Representatives (US) has just voted in favor 333-92 for the Federal Reserve Transparency Act, aka Audit The Fed. I created a Government petition:
http://wh.gov/iiFlu

Please, if we can get 100k signatures, then we may be able to get the white house to force a vote in the senate! Please share

Awesome! And about time. I will definitely check that out. Thanks for bumping the thread with a very worthy cause. I like Rand Paul (though maybe not Everything about him) and I've been cheering him on a bit whenever he's mentioned pushing for an audit of the Fed. No doubt it will be shocking, IF done with honesty and accuracy. But with that much money and power at play it would not surprise me to see that edited or completely derailed in some way.

Federal reserve is owned by the leading world Elites ..should i have to name them or u can guess . :P

It is much more complicated to get a vote in either the House or the senate. This is especially true with Harry Reid running the Senate. If the bill does not fit with Obama's policy goals then it will be DOA at the senate regardless of what happens in the house

G. Edward Griffin pretty much summed up what his book, "The Creature From Jykell Island", is all about in this video (for folks who don't have a copy):

http://www.youtube.com/watch?v=lu_VqX6J93k (http://www.youtube.com/watch?v=lu_VqX6J93k)

I actually do not know for sure who controls the federal reserve and control, we expect that mastering it is the right person, the person who knows about how to manage finances primarily bitcoin, how to arrange for the distribution of bitcoin to be the same ...  ;D

This is probably true until at least when the next session of congress starts as this is when democrats will likely lose control over the senate.

I do not however think that auditing the federal reserve is going to even create a productive conversation about potentially changing the way it operates. I think the public is simply not interested enough in this issue

I hope people who master and control the federal reserve is the right person, the master how to regulate the distribution of bitcoin precisely and evenly, the current price of bitcoin is in decline, the Federal Reserve should be able to control this, so the price of bitcoin can back up ...  ::)

They could use all the reserves and fight Bill Gates gets majority of Bitcoins. Unless Bill and Federals will work hand by hand, there will not be centralization but dualization.  There will always be two centers.

Bill Gates and the Feds don't want you to get rich, that is for sure.

Loads of people talking about the value of bitcoin in 10 years time blah blah ...

Is over now.