editec
Mr. Forgot-it-All
- Jun 5, 2008
- 41,421
- 5,672
Who ultimately controls the USA?
The FED and it's stockholding banks?
Who owns the FED?
Do the research and you will discover that the bank of England was the FEDs largest original stockholder (though machinations with JP Morgan, incidently)
Is it still?
As far as I know, yes...though its stockholdings of various "American" banks that are the stockholders of the FED.
So...do we have a "special relationship"
What do you think?
We do live in a world where the GOLDEN RULE is in effect, do we not?
that relationship works both ways, tec.
anyhow, china an japan are considerably more invested in the fed than england. are you talking about this end of wwII?!!
i think the abu dhabi's got a bigger stake than GB.
the bottom line is whether its a fund or a government, reserves put a lot of power in the issuer's hands, too. that the US has our issuance hedged all over the world is one of our trump cards, if anything.
Yeah, it does work both ways...much like the health of a parsite depends on the health of the host.
Are they?anyhow, china an japan are considerably more invested in the fed than england. are you talking about this end of wwII?!!
I confess that I do not know which banks are now the primary stockholders of the twelve FEDERAL RESERVE BANKS, so you may be right.
I cannot attest to the accuracy of the following, and it is based on information that was written in 1996, so it is undoubtably no longer accurate (assuming it was to begin with), but consider....
[SIZE=-1][SIZE=-1][SIZE=-1]Who Owns the Federal Reserve Bank of New York?[/SIZE]
[SIZE=-1]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. [/SIZE]
[SIZE=-1]Shareholders elect six of the nine the board of directors for their regional Federal Reserve Bank as well as its president. [/SIZE]
[SIZE=-1]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). [/SIZE]
[SIZE=-1]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. [/SIZE]
[SIZE=-1]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.[/SIZE]
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Now I am, NOT saying that this is in and of itself, a bad thing.
But clearly the fudiciary responsibility of the FED is to it's OWNERS, and not necessarily to the AMERICAN PEOPLE.
This is the nature of the GOLDEN RULE and regardless of how we are told that the FED works for US, that is patent nonsense when push comes to shove (as we so clearly saw thanks to this BAILOUT),
We work for the monied interests of this world and not the other way around.
And the FED is where that rubber really meets the road, folks.
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