[FONT=Arial, Helvetica, sans-serif]All owned by the Rothschilds and all make up a part of the US Fed Reserve.[/FONT]
Are you serious? This is possibly the stupidest thing I have read on this board.
All the banks in America that are FDIC insured are part of the federal reserve. So about 8,000 banks are all apart of it by that.
educate yourself, it's the ONLY important thing you'll ever need to know about politics and history, and it'll explain everything to you
Really, that is the only important thing to know? And how pray tell did you educate yourself on this? Which textbooks did you read, or was it just knowledge gained from blogs and youtube?
100% Agreed.
Kids, did you know that the Federal Reserve is neither Federal,(Private Corp) nor Reserve(They have no cash reserves)?
Talk about propaganda.
The biggest Ponzi scheme of all is the whole credit/ money system.
Study up on what the Fed is and how it came about.
Here is the non-conspiracy theorist real history of it.
After the 1907 crash the people realized that they did need some time of bank to be the 'lender of last resort'. Basically a bank that can be the banks of banks. And if they fail it can come in and get it restructured and back onto its feet.
But we are a very untrusting people here in the states, and they did not want to put that kind of power in the hands of the government. Also though they didn't want to just make it a private entity, so they made it a quazy government entity that is still a private institution that way the politicians cannot control it, but at the same time they are not as for profits that regular banks are.
They did this with a couple different checks and balances. First was the structure of it.
Not being under the thumb of the politicians means that they do work close with the other banks (keeping reserves of them means that they are in constant contact), who work with the businesses.
So the genius of it is that when they wrote the foundations they knew eventually and often the senate would want to gain control of the Fed, so working so close with the banks and businesses if the politicians get too grabby (like what is going on now) they can call up the big donors and get them to push back the senate with lobbying efforts.
Likewise though the reason that we are going through this 'audit' is the other side of the coin. When the Fed gets too close to the private banks the senate starts to have a reason to try to gain control over the Fed. And they do everything that they can to get more power.
This constant pull on both sides keeps the fed rooted in the middle. Every couple years there is new batches of congressmen and women that want to push for control of the Fed, and at the same time banks are always trying to gain an edge on the Fed.
The second layer of checks and balances is how they pick the people that run the fed. There are 12 federal regional reserve banks that deal with their particular banks and help control the flow of them. The reserves kept in these banks is their 'ownership' of the Federal regional banks. This way a single entity is not so far removed to not be able to understand what their banks are going through (Areas of unemployment, ect). And those banks that pay into the reserves (the money that is stored at the Fed district bank) essentially own that Federal reserve branch.
Each one of these banks has 9 directors 6 of which are appointed by the banks to be an officer of their bank. The other 3 are appointed by the board of governors.
The Board of Governors is 7 members that are appointed by the president and confirmed by the senate. This is where the government control comes into play. Because they have final word in the Fed and appoint 3 people into each district Fed they get a very good inside look. Another big thing is the length of service. The board of governors are appointed for 12 year stints. This means that they don't have to worry about having to meet every whim of the politicians so they can hopefully make the best desicions.
Now the President of the United States appoints the President of the Fed. They are only in for 4 years unless re appointed (usually they are), but it is off years. So that every president has a chance to change them.
I know that you will not want to understand this at this point in your lives, but it is important. If the Fed becomes completely for profit bank, we are screwed. If it becomes under the control of the government we are equally screwed.
The beuty of this system is how untrusting the people were that set it up. They know corruption was going to happen and made it so that everyone was constantly fighting everyone. The people pull on the politicians, who pull on the Fed chaimen, but they end up being pulled by the banks and have to get everyone else to fight it out to leave them alone. All while having insiders on both sides. Then you have people with long seats that don't have to worry about the political whims.
I know that people will say just get rid of the Fed, but then we will go back to a boom and bust economy that wipes out and redistributes our wealth to the top every 20-40 years, which would equally suck. The bust we have just experienced was due to deregulation that has been going on since the 70's. It is like that marble game where they are ontop of the sticks and you pull one at a time. We found the last straws (we really did back in the 99-00 years) but kept pulling anyway and the marbles started to drop. We need to put more regulations back on the banks, but not choke them out with it.
Anyway before you freak out I strongly suggest that you actaully learn about the monetary system we have here in the states. And why it developed the way it has. And not just through bloggers and conspiracy theorists. Get some text books that are used by the universities. Get some history books that talk about it getting set up (Actual history books, not the new seudo political books that are out there now).
