Dear Lou Dobbs, Who Owns the Federal Reserve?

[veracity]

(segment printed with permission of TVNL)

http://tvnewslies.org/blog/?p=572

Dear Lou Dobbs, Who Owns the Federal Reserve?

It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford

May I suggest that everyone who reads this message send a letter to Lou Dobbs, Mr. American Middle Class Champion, and ask him to explain exactly who owns the Federal Reserve and why we allow the Federal Reserve to continue to control our entire economy. Then ask him why he, and everyone else in the media, have refused to explain this to the American people.

As Lou says every day: “It’s time for answers!”
Write to Lou Dobbs here:
http://www.cnn.com/feedback/forms/form5.html?9

The real answer to this question is that the Federal Reserve is like a big Mafia loan shark. It owns our nation in the same way a loan shark owns his “clients!” There is absolutely no difference between the two.

No matter what the situation, whenever there is news related to the Federal Reserve a big, loud, coordinated, conspiratorial lie of omission is committed by every single news outlet in our nation. What is this lie…it is keeping up the false impression that the Federal Reserve is part of our government! The Fed is a private, for profit bank, that controls our government and economy. They control the money supply, inflation, depression, recessions, etc. They are not accountable to Congress, the executive branch or anyone in government.

The revolutionary war was started primarily to get away from a similar situation in England where the Bank of England held the same control over their nation. Revolutionaries realized this and they put an end to it. Unfortunately some traitors in the Senate reversed our true liberation and now we have a private bank controlling our personal financial status.

Let me ask you a simple question: what country in its right mind would create a system that would force it to lend itself money and have to repay the money WITH INTEREST? What country would charge itself interest? What nation would put itself out of business by making it bankrupt because of interest? The answer is none! America is not charging itself interest on its debt, the privately owned central bankers are doing this and they are hiding in plain sight! Congress (with the exception of Ron Paul), every US president and every single member of the corporate media are either part of the conspiracy or just plain stupid!

Two presidents tried to stop this outrage…and they were both assassinated.....


READ MORE: http://tvnewslies.org/blog/?p=572

[katsy]

1. bookmarked/k&r

[havocmom]

2. second that

[ORDagnabbit]

3. go watch freedom to fascism

www.freedomtofascism.com

[LibertyorDeath]

4. independent, privately owned and locally controlled corporations

Legal status and position in government


The various components of the Federal Reserve System have differing legal statuses.

The Board of Governors of the Federal Reserve System is an independent federal government agency. <3> The Board of Governors does not receive funding from Congress, and the terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the president, he or she functions mostly independently. However, the Board is required to periodically report to the Senate. The law provides for the removal of a member of the Board by the President "for cause."<4> Board of Governors is responsible for the formulation of monetary policy. It also supervises and regulates the operations of the Federal Reserve Banks, and US banking system in general.

The Federal Reserve Banks are nominally "owned" by private "member banks" (in that each member bank owns nonnegotiable shares of stock in its regional Federal Reserve Bank; see below). In Lewis v. United States,<5>, the United States Court of Appeals for the Ninth Circuit stated that "the Reserve Banks are not federal instrumentalities for purposes of the FTCA , but are independent, privately owned and locally controlled corporations." The opinion also stated that "the Reserve Banks have properly been held to be federal instrumentalities for some purposes." <2> Another decision is Scott v. Federal Reserve Bank of Kansas City<6>in which the distinction between the Federal Reserve Banks and the Board of Governors is made.

The member banks are generally privately owned corporations. The stocks of many of the member banks are publicly traded.

The Federal Reserve System was created via the Federal Reserve Act of December 23rd, 1913.


http://en.wikipedia.org/wiki/Federal_Reserve#Legal_status_and_position_in_government

[northzax]

5. wowza!

good times. I loves me some 'our money is based on nothing' theories.

of course our money is based on nothing. That's the whole freaking point of MONEY, that you don't need to pay in gold or silver, you pay in paper. the Federal Reserve system is the basis for modern finance, this is what you want to tear down? the ability to get a mortgage? the standardization to interest rates? the ability for banks to lend eachother money to cover a day's shortfall? the ability to write a check in Cleveland and have it clear your bank in Miami? come on.

[LibertyorDeath]

6. "this is what you want to tear down? "

I may be on to much Cold medication

but I think the point of the thread is the FED should be
accountable for their actions to the people of the USA thru Congress
as it stands they are not.

[northzax]

7. why?

you want a politicized finance system?

[Jester_11218]

8. Are you nuts>

The whole point of money is that it is based on nothing?

Were you just born? Do you know why paper money was invented? Do you know how banks started?

Currency has to be backed by an asset.

Either way...why is it under the control of private for profit bankers?

[northzax]

9. the asset, in this case

is the economy of the US. a dollar bill is worth nothing, inherently, it is not backed by any asset, you cannot go to a bank and get anything for a Dollar bill except other forms of money, like coins, the aggregate materials value of which is less than a dollar. The only reason a dollar is worth more than the paper it is printed on is because you can exchange it for goods and services on the open market that you value at a 'dollar'

early currencies, up to about 1975 around the world, were backed by precious metals (Pound Sterling, right?) modern currency is backed by faith. Faith that others will accept it and treat it as valuable. nothing else.

your logic made total sense in 1850. not so much now.

[pecwae]

10. Locking

Please do not quote or link to "conspiracy theory" websites, except in our September 11 forum, which is the only forum on Democratic Underground where we permit members to debate highly speculative conspiracy theories.

Thanks for your cooperation.

pecwae
DU Moderator