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Answer
The Federal Reserve Bank in the USA is a privately owned cartel: it is not a Government agency.
"Some people think that the Federal Reserve Banks are United States Government institutions. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders."- The Honorable Louis McFadden, Chairman of the House Banking and Currency Committee in the 1930s
"Most Americans are content with believing that the Federal Reserve is just another stuffy government agency that sets our interest rates and that is watching out for the best interests of the American people. But that is not the case at all. The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt. ...
#1 The Federal Reserve System Is A Privately Owned Banking Cartel
The Federal Reserve is not a government agency.
The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.
The Federal Reserve openly admits that it is privately owned. When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was "not an agency" of the federal government and therefore not subject to the Freedom of Information Act....
[All above quotes taken From "10 Things That Every American Should Know About The Federal Reserve" at http://theeconomiccollapseblog.com/archives/10-things-that-every-american-should-know-about-the-federal-reserve]
Who owns the Federal Reserve?
The Federal Reserve System is not "owned" by anyone and is not a private, profit-making institution. Instead, it is an independent entity within the government, having both public purposes and private aspects. As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.......
[Above quote From "Federal Reserve Education Fed Basics" at http://www.federalreserveeducation.org/faq/topics/fed_basics.cfm ]
Wiki User
∙ 10y ago
Mike Green
Mike Green
Wiki User
∙ 12y agoYES. Apparently it's owned by international banks who lend us the money on interest for every dollar. The government attempts to pay this off by taxing us, using this money to pay off the interest. this in a more clear picture can be found in the documentary "ziogeist" found on surfthechannel.com
Wiki User
∙ 12y agoNo! Private shareholders do!Mostly these private holders are diverse Rothschild corporations such as JP Morgan , Goldman sachs etc. Guess who owns the mainstream media(other than wikileaks and a few others). The Rothschilds(controllers of the Bank of England,and a host of other companies)...reason for the economic meltdown of today and in the past ...
Wiki User
∙ 12y agoYes. The Federal Reserve is the central bank of the United States of America. The government of the United States owns the Federal Reserve. However the Federal Reserve has powers to control the financial wellbeing of the country.
Wiki User
∙ 12y agoThe Federal Reserve is the central banking system of the United States. It was created in the year 1913.
The Federal Reserve. is owned by a private Banking cartel. it is not Federal and it is not a reserve
It is made up of 12 Private banks.
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How much gold is at the federal reserve?
The US Federal Reserve has about 8000 Tonnes of Gold or about 282192000 ounces. At todays prices that is in the neigborhood of 270 billion dollars. {| |}
Which institution is responsible for conducting monetary policy in the US?
The Federal Reserve Bank
What does Federal Reserve Note mean?
Federal reserve notes are paper money in the United States. The Federal Reserve is the nation's central bank. All current US bills are issued by the Federal Reserve system,but in the past some bills were issued directly by the government and others were issued by private banks with government backing.
What is the Definition of federal reserve note?
Federal reserve notes are paper money in the United States. The Federal Reserve is the nation's central bank. All current US bills are issued by the Federal Reserve system,but in the past some bills were issued directly by the government and others were issued by private banks with government backing.
How many federal reserve districts did the Federal Reserve Act divide the US into?
There are twelve Federal Reserve districts in the U.S.
What is the central bank of the US is the?
The Federal Reserve Bank is the central bank of the US.
What is the name of the central bank of the US?
The Federal Reserve Bank is the central bank of the US.
Richest bank US?
The Federal Reserve. It is a private bank after all
Monetary policy in the US is carried out primarily by what agencies?
The Federal Reserve Monetary_policy_in_the_US_is_carried_out_primarily_by_which_of_the_following_agencies
Is there a us federal resere bank starting with the letter m?
The Federal Reserve Bank of Minneapolis
The central bank of the US is known as?
The Federal Reserve
The central bank of the US is often called the banks' bank What is it?
The Federal Reserve.
What central bank of the US is often called the banks' bank. What is it?
The Federal Reserve.
The central bank of the US is often called the banks' bank. What is it?
The Federal Reserve.
To manage the growth of the US economy?
Federal reserve Bank
Is the federal reserve bank considered a holding bank?
The Federal Reserve Bank is not considered a holding bank. One of its primary goals is to supervise all holding banks for soundness. Federal Reserve Banks were started by US Congress as a means of keeping an eye on the nation's banking system.
By law does every bank in the us be a part of the federal reserve?
yes
