who owns the Fed?

Discussion in 'Politics' started by billwald, Dec 13, 2010.

  1. billwald

    billwald
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  2. matt wade

    matt wade
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    We don't have access to your Juno webmail billy. Can you provide the username and password so we can see your link?
     
  3. SpiritualMadMan

    SpiritualMadMan
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    My understanding is The Fed is PRIVATELY owned by a group of investment bankers.

    It is _NOT_ a part of, nor is it controlled by The Federal Government.

    The Fed Chairman, even though appointed by the President, is a figurehead.
     
  4. billwald

    billwald
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    Sorry 'bout that

    To early in the AM. Try


    http://futurefastforward.com/images/stories/featurearticles/Barclays_Octopus.pdf

    The email came from

    http://www.bfi-capital.com/mountainvision/

    Don't remember how I got on their list. This was the text:

    (Their chart will not print???)


    The Barclay┬┤s Octopus - Who Controls "Big Money"

    If we know who controls big money, then it becomes obvious that the bailout of Big Money is essentially a bailout of the financial puppet masters behind the Big Money - Q.E.D.

    For the best estimate on the ownership of the U.S. Federal Reserve, please see below. Note that the top 4 banks -- Bank of America, JP Morgan Chase, Citigroup, and Wells Fargo-Wachovia -- control roughly 54% of the stock of the Federal Reserve Bank, and the top 10 banks, including Government Sachs, HSBC, and the Bank of New York, would control roughly 70% of the stock.



    On the back of this information, it could be very interesting to know who owns the aforementioned banks. This is where the research of Edward Ulysses Cate comes in.

    According to his analysis, Barclays Global Investors Holdings Ltd controls a significant portion of their shares. It is the number 1 shareholder in Bank of America, Citigroup, JP Morgan, Bank of New York Mellon and the Sun trust Banks. It is the 2nd largest shareholder in Wells Fargo Bank. It is the 3rd largest shareholder in Wachovia Bank.
     
  5. Salty

    Salty
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    Still waiting :laugh: :smilewinkgrin: :saint:
     
  6. billwald

    billwald
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    I knew you folks were a little dense . . . .
     
  7. poncho

    poncho
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  8. billwald

    billwald
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    Thanks, I generally agree but

    >Except for coins, every dollar in circulation is now created privately as a debt to the Federal Reserve or the banking system it heads.4

    is meaningless as stated. The footnote is not included in the essay. A debt owed by whom? Why "except for coins?" All paper and coin "money" is actually produced by the Treasury. The Fed "money" is electronic transfer accounting entries. 90% of all money in circulation is electronic transfer. Only dopers and arms dealers use large quantities of cash.

    I owe the Fed a dollar because I have a paper dollar in my pocket? Doesn't compute.

    (I think) the current scam is the Fed is bidding down the interest on Treasury bond sales . . . but if we know that the so does every bond trader and money trader. Exactly what does it accomplish besides keeping down consumer interest? Does it also keep down worker's wages?
     

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