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Do the OWNERS of the Federal Reserve Bank, control the U.S. Government: Are they the SHADOW Government ... ?

...(a.k.a. The Global Elite; The Money Changers; International Bankers; World Bankers; Secret Government; "The Powers That Be"; etc.) ? “Whosoever controls the volume of money in any country is absolute master of all industry and commerce… And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” -- James Garfield “The Federal Reserve definitely caused the Great depression by contracting the amount of currency in circulation by one-third from 1929 to 1933.” -- Milton Freidman “[The fed reserve act brought about…] A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.” -- Rep. Louis McFadden (D-PA, Chairman of the House Banking and Currency from 1920 - 1931) How “the rich get richer, and the poor get poorer http://chris.pirillo.com/?cat=55 AMERICA: FREEDOM TO FASCISM http://video.google.com/videoplay?docid=-1656880303867390173 THE MONEY MASTERS - How the International Bankers Gained Control of America http://video.google.com/videoplay?docid=-515319560256183936 OWNERSHIP OF THE FEDERAL RESERVE BANK Charts http://land.netonecom.net/tlp/ref/federal_reserve.shtml "Louiegirl...": That's a beautiful eye you have. Researching "Conspiracies" on the Internet is one of the most fascinating activities I know of next to skiing and mtn. Biking. I get a rush of adrenalin on the spooky chance they are real. I think I'm addicted. "Gray Shadow": Looks like we both have our information a bit off: "The Federal Reserve System is a quasi-governmental/quasi-private banking system..." http://en.wikipedia.org/wiki/United_States_Federal_Reserve Never-the-less, is this entity in control of the U.S. Government ? Something out there, is killing our elected officials, who dare challenge its existence, and selling us their own puppets. "RMR278": You make some interesting and valid points: Why would our government charge itself interest on money printed by the "Fed"? I smell a thirteen headed snake in this whole mess. "Dionannan": I think you are on to something. Back in the "old days" kings were at the mercy of the "Money Changers". You would think we could have rid ourselves of these pesky leaches by now. I have a family member who has the same parasitic personality: He likes to ride people and work them for what they are worth. The only thing that will get him off your back is a swift kick in the head; but soon enough he'll be right back on. I don't think he can help himself: He is a real power & control FREAK.

Public Comments

1. The Federal Reserve Bank controls all the monies the Government spends. And since the Government spends a whole lot of money. I am sure the Federal Reserve Bank is like the High Priest were in the old days: They had power over Kings !!!!!
2. who do you claim to be the OWNERS of the federal reserve bank? actually, we the people own it. it's our money. yes, he who controls the money is very powerful (nations invest money here, so we are holding it here. if a nation such as north korea or iran does things that we deem dangerous to the well being of the people of the world, we impose "sanctions" against them, mainly by not letting them touch their money), but: you should stop chasing these foolish conspiracy theories.
3. Ah, this is why conspiracy theories never die... they ignore historical context and historical changes. Let's contrast these to some facts: - Re: The owner of the Federal Reserve System is the U.S Government The Federal Reserve System is a congressionally-chartered agency like the USPS and NASA. It is organized with a 100% government agency at the top (the Board of Governors), and branches beneath them that resemble corporations. (http://www.federalreserveeducation.org/fed101/structure/ ) The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level. Board members are forbidden by law to have any economic interest in a private bank. (Ref: Title 12 chapter 3 of the U.S. Legal Code) The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. These shares cannot be sold on the open market. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. Are the Fed branches privately owned? The Fed says 'No' (ref http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#5 ). The court ruling "Lewis vs US" did recognize the duality of control at the branch level and ruled the branches can be considered 'private' for the purposes of tort law (i.e. they can be sued) relative to the day to day operations. - Quotes - They are relatively accurate but must be taken in context. Prior to the FRS, there has been great debates over central banks and the roles of private bankers. Garfield (and Jefferson and others) warn of private bank control over the countries monetary system. But this is old news. In the 1900s, you see that virtually every industrialized country came down on the side of government control over the monetary system and has nationalized their central banks. Milton's quote is misleading. It is true that the monetary supply contracted by a third. The FRS actual increased the base monetary supply (though insufficiently) but market forces (bank collapses, market crash) were the cause of the monetary contraction. However, to be fair, it is generally recognozed that the FRS actions were inadequate at the time but that reflected then-current thinking that market forces should solve the problem, not government. The McFadden quotes have an interesting twist and perspective. He made those at a time in the great depression when the FRS was taking a lot of heat (justly so) for their inaction to the depression. The twist is that McFadden is a hypocrit. He was chairman of the Senate Banking Committee for 12 years which was responsible for oversight of the Fed. In that position, he and his fellow republicans fought against government 'interference' and for the private-bank dominance. His depression-era comments were political ass-covering. - Re: "Freedom to Fascism" is a well-made disinformation documentary from a filmmaker to further his political beliefs filled with blatant misformation. But don't take my word for it. Here is reference from the NY Times lambasting it's lack of credibility. http://www.nytimes.com/2006/07/31/movies/31russ.html?ei=5088&en=05c0d0988f58fc50&ex=1311998400&partner=rssnyt&emc=rs - Your 'ownership' chart is a lot of hog wash. Look up and try to confirm anything on it. I'll start at the top. a) The Bank of England was nationalized in 1946. It is a government institution. There are no shareholders. (Ref: http://www.bankofengland.co.uk/about/history/index2.htm ) b) The Rothschilds banking empire is a shadow of a once great banking empire. Most of their banks have been closed a long time ago (ref: http://en.wikipedia.org/wiki/Rothschilds and http://www.answers.com/topic/rothschild-banking-family-of-england c) The Warburgs were forced out of banking in Europe due to the rise in anti-semitism. From wikipedia: " Virtually all members of the Warburg family had fled to the United States or Great Britain by 1938." (ref: http://en.wikipedia.org/wiki/Warburg_family) All those listed shareholders of major banks? You can look up the major shareholders of every public corporation. I think you will find that very little of what is in the chart matches today. If you must propagate conspiracy theories (a fun and fanciful activity), please get the facts straight and update them to current realities.
4. if teh federal reserve banks is government owned and operated how come the said government has to borrow it from itself and pay itself interest? according to the consitituion governments were to coin money (not fiat currency) and determine the value there of adn gold and silver was the only currency allowed. they were to make the money debt free. it was to only have government control to the extent it could without growing, the states were quite capable of handing problems that came along inside their borders (that is why many federalized areas rejoiced when they bacame a state it took them out of under fed government control.) so there was no need for fed government to be involved in domestic affairs except when dealing with foreign countries. they were to protect the union from outside attack and were never meant to dictate laws to the states. I doubt that aaron russo and anyone else is interested in wasting time on untruth, they have better things to do and make very little money off this, in fact he did freedom to facist when he was sick with cancer. And by the way why not just talk abou these things on the tv and newspapers and just get it out into the open so as to stop these so called untrue conspiracies theories? why dont' they have stuff on the news about the fed reserve, consititutions words on coining money, the conspiracies about 9/11, why not bring it all out in the open, don't you think that would shut everyone up? or at the least if these things are untrue, discredit it so people will go on to other things? that way only a minority will still believe in conspiracy theories. NO they won't talk about it because they know alot of the conspiracies information has a big chunck of truth to it and the truth is the last thing they want. they need to keep people ignorant of what is really going on otherwise plans they have for world government etc would be thwarted. RRRR
5. OK any time you quote Chris Pirillo in a question about world finance, its clear you dont have a clue.