10 Things That Every American Should Know About The Federal Reserve

[mizerydearia]

http://www.blacklistednews.com/10_Things_That_Every_American_Should_Know_About_The_Federal_Reserve_/17853/0/0/0/Y/M.html

And don't forget about The American Dream By The Provocateur Network

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[Explodicle]

Thanks! Interesting.

Good call pitching Bitcoin in the comments too.

[Hexadecibel]

Great read. I'm sure I could ask everyone on my work crew if the fed was a government agency and they would say it was. I should post fliers...and promote bitcoin

[BookLover]

http://www.blacklistednews.com/10_Things_That_Every_American_Should_Know_About_The_Federal_Reserve_/17853/0/0/0/Y/M.html

And don't forget about The American Dream By The Provocateur Network

+1

[hugolp]

Great read. I'm sure I could ask everyone on my work crew if the fed was a government agency and they would say it was. I should post fliers...and promote bitcoin

The Federal Reserve is mainly a government agency (and the parts that take decissions are government agencies). Its a shame that the anti-Fed movement as important as it is makes basic mistakes like this because it takes away credibility and reinforces the Fed.

[hugolp]

Great read. I'm sure I could ask everyone on my work crew if the fed was a government agency and they would say it was. I should post fliers...and promote bitcoin

The Federal Reserve is mainly a government agency (and the parts that take decissions are government agencies). Its a shame that the anti-Fed movement as important as it is makes basic mistakes like this because it takes away credibility and reinforces the Fed.

Serious question (meaning not sarcastic). Why does the government ask Ben Bernanke where money went? If the Fed is mainly a government agency, shouldn't the government already know?

Or is this a case where one section of government has no clue what another section of government does? Which would basically mean, who cares if it's a government agency or not, if it is not accountable to the people that the government is supposed to represent?

The Fed has a special status (this is not unusual, there are certain sections of government with special status).

Btw, the government never represents the people.

[Electricbees]

Thank you for this article. I'm going to pitch this around on social networking so more people read it!

[Wandering Albatross]

The Federal Reserve is mainly a government agency

This makes no sense. An agency is either a govt. agency or it is not. The federal reserve is not federal and has no reserve. It's private and they are leading the world to ruin.

[Hawker]

The Federal Reserve is mainly a government agency

This makes no sense. An agency is either a govt. agency or it is not. The federal reserve is not federal and has no reserve. It's private and they are leading the world to ruin.

Actually it makes perfect sense.  Its true. 

http://en.wikipedia.org/wiki/Federal_Reserve_System

The Fed was created by statute in the federal legislature, its policy makers are appointed by the federal President and its accountable to the federal audit authority.  Its a part of the state.

[hugolp]

The Federal Reserve is mainly a government agency

This makes no sense. An agency is either a govt. agency or it is not. The federal reserve is not federal and has no reserve. It's private and they are leading the world to ruin.

The Federal Reserve has different parts

• The Board of Governors (Bernanke and the rest of the gang) is a federal government agency (100% government). They take most of the decissions regarding monetary policy.
• The FOMC, formed by the 7 members of the BoG and 5 presidents from the local feds. It takes decissions about Open Market operations.
• The local Feds, this are semi government semi private. They have shares, but they can not be sold or bought, and the government, both federal and local, have members in the board. They dont take decissions regarding monetary policy, they execute the orders given by the BoG and FOMC.

Check any reliable source and youll see this is how the Fed works and that is not correct to say its a private entity.

[jwzguy]

Most reliable source:
http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212/ref=sr_1_1?ie=UTF8&qid=1329150464&sr=8-1

[Wandering Albatross]

http://en.wikipedia.org/wiki/Federal_Reserve_System

The Fed was created by statute in the federal legislature, its policy makers are appointed by the federal President and its accountable to the federal audit authority.  Its a part of the state.

Quoting wikipedia as fact. Really?

[Wandering Albatross]

Creature-Jekyll-Island-Federal-Reserve

Yes, a very popular book.
Can also get lots of info from author's site and newsletters, www.realityzone.com/un.html

But I find that some people really are happier not knowing the truth. It's a harsh reality to discover that pretty much everything you thought you knew turns out to be make believe.

I heard that Ft. Knox has had no third party audit since the 1970s. Why would they not want an audit. Something to hide?

The lies go deep and wide.   Like standing in a 20 mile diameter crater. You don't know even know until you do your own exploration.

[interlagos]

I know some people on this thread don't like watching videos,
but here is what Wayne Paul (Ron Paul's brother) has to say about Fed:
http://www.youtube.com/watch?v=sAztH_mkGwo

[Hawker]

http://en.wikipedia.org/wiki/Federal_Reserve_System

The Fed was created by statute in the federal legislature, its policy makers are appointed by the federal President and its accountable to the federal audit authority.  Its a part of the state.

Quoting wikipedia as fact. Really?

Yes.  Everyone has an opinion but the facts are the same for all.

[RaggedMonk]

It's a harsh reality to discover that pretty much everything you thought you knew turns out to be make believe.

The Chairman of the Fed, as well as every member of the board, is appointed by the President of the US.  I think you need to take your own advice here ^

As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 4 years. Once appointed, Governors may not be removed from office for their policy views. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[1] By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury.

http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

The Fed sucks for a lot of reasons, but you haven't identified them.  Start with Quantitative Easing: http://www.youtube.com/watch?v=PTUY16CkS-k

[interlagos]

It's a harsh reality to discover that pretty much everything you thought you knew turns out to be make believe.

The Chairman of the Fed, as well as every member of the board, is appointed by the President of the US.  I think you need to take your own advice here ^

As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 4 years. Once appointed, Governors may not be removed from office for their policy views. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[1] By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury.

http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve

The Fed sucks for a lot of reasons, but you haven't identified them.  Start with Quantitative Easing: http://www.youtube.com/watch?v=PTUY16CkS-k

It doesn't matter how it is supposed to work in theory.
If the system is specifically designed to be easily corruptible, it will be corrupted.
We should stop electing people, we should vote directly for ideas, not the people.

Edit: and yes start with fixing the voting system first.
I mean private company controls the whole election process? Really?

Edit2: Nice video on QE by the way! But so is every video I watch on the topic, the scale of this whole thing is enormous.

[Wandering Albatross]

I know some people on this thread don't like watching videos,

Distaste for watching videos isn't the problem, it's distaste for the truth for people.

[RaggedMonk]

Distaste for watching videos isn't the problem, it's distaste for the truth for people.

Lol, irony.

[interlagos]

I know some people on this thread don't like watching videos,
but here is what Wayne Paul (Ron Paul's brother) has to say about Fed:
http://www.youtube.com/watch?v=sAztH_mkGwo

This is way too important to let it just slip under the radar, so I'll quote Wayne Paul here:

Part 1:
In 1913 The Federal Reserve Act was passed through the House, where 3 members of Congress were on the floor, at that time they only needed a majority of votes to pass it.

Part 2:
20 years later in 1933 under Roosevelt the United States was declared bankrupt and in 1933 the Federal Reserve private bank says:
Ok, U S A, what are you gonna pledge as collateral on the debt you owe me?
What happened by 1936? Does anybody know?

Part 3:
In 1936 we instituted Social Security System and You and I and our children and our children's children were pledged as collateral on the debt of our government to the Federal Reserve and that's where we are at today.

Part 4:
Took 20 years to make this country bankrupt and since then our government has operated under EMERGENCY POWERS of our government.
It is NOT THE PRESIDENT that makes the decisions in this country, it's the SECRETARY OF TREASURY who turned around and is put in there by THE FEDERAL RESERVE to manage THE BANKRUPTCY. We have been IN BANKRUPTCY ever since, ..., that's where we are at today.

Wow, that actually explains a lot!
I remember Timothy Geithner current secretary of Treasury went to Europe a few months back to participate in crisis talks, and members of EU parliament asked him if this is also an opinion shared by president Obama, he said: "He is not in charge, I am". I'll try to find a video, but can't promise...

Edit:
Found a few articles:
http://www.eutimes.net/2011/09/europe-stunned-after-being-told-obama-is-not-in-charge/
http://www.whatdoesitmean.com/index1522.htm