The Owners of the Federal Reserve Don't Have Your Best Interests at Heart Unless Financial Slavery and the Complete Loss of Your Freedoms Sound Good to You.
Before examining who the owners of the Federal Reserve are, it is important to understand how the Federal Reserve originated. In 1913, Congress was convinced by global elite bankers to buy into the lie that changed America.
They were convinced the nation needed a more stable and safer system by which the nation's money and finances could be managed; they eventually passed the Federal Reserve Act, effectively forming the Federal Reserve.
Signed into law two days prior to Christmas in 1913, the purpose of the Reserve read as:
'to provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.'
Many lawmakers had concerns over allowing the government to have control over such an institution, and they did not want the Federal Reserve to be subject to the desires of for-profit corporations.
As a result of these concerns, a balance was struck allowing for government oversight while acting like a private institution; a board of governors would be appointed by the President while the shares would be owned by the various member banks within the regions set up by the Board.
To further distance itself from possible government control the Federal Reserve was made self sustaining, and was not dependent on Congressional funding.
However, while it is not directly under government supervision, the Federal Reserve is supposed to work within the current definition of U.S. financial and economic policy.
Initially, its purpose was primarily to protect the nation from possible situations which could result in financial panic; several had occurred prior to the passing of the bill.
Eventually the Federal Reserve's duties grew to be much more than just that; besides stopping banking panics from happening it was also the central bank of the nation, managed the nation's money supply, provided stability to the financial system, regulated bankers, and protected consumer interest.
So if a person were to break the chain down, since the shares of the Federal Reserve are owned by the member banks within the different regions, whoever owns those banks are the owners of the Federal Reserve.
By this explanation, the many banks throughout the nation are the owners of the Federal Reserve--okay, no big deal. There are some 8000 plus banks across the United States (that are registered with the FDIC at least).
There is no way 8000 different banks could ever come together in order to do something dirty and underhanded. True, but what if it was not necessary for 8000 banks to come together? What if it was only, say, 17?
Would it then be possible? As luck would have it there are only a handful of primary dealers, or banks, that can deal directly with the Federal Reserve. These banks buy the majority of U.S. Treasury Securities and then sell them to the general public.
The public is allowed to purchase whatever t-bills, notes, or bonds they want through these primary dealers. These dealers are put in pretty powerful positions just within the United States.
As of 2006, the top ten banks dealing within the foreign exchange market were all primary dealers; they also controlled over 70% of the total volume traded. With such control over U.S. and Foreign finances it is no wonder the banks have only yet to take over the governments of the world.
Currently these are the primary dealers that are allowed to trade directly with the Federal Reserve:
BNP Paribas Securities Corp., Bank of America Securities LLC, Barclays Capital Inc., Cantor Fitzgerald & Co. , Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Daiwa Securities America Inc., Deutsche Bank Securities Inc., Dresdner Kleinwort Securities LLC.,
Goldman, Sachs & Co., Greenwich Capital Markets Inc., HSBC Securities (USA) Inc., J. P. Morgan Securities Inc., Merrill Lynch Government Securities Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. Incorporated, UBS Securities LLC.
Of these banks, two sell primarily to the Japanese market. Numerous work within the European market; one is even a part of the Royal Bank of Scotland. Only a few actually operate primarily within the United States; all of them have dealings within international markets.
So who are the owners of the Federal Reserve, the central bank of the United States, the supposed most powerful nation in the world? Who owns the organization that has direct influence and control over the economy of our nation?
With so many companies selling our nation's security overseas it would seem everyone but us (Americans) own the Federal Reserve. No wonder our economy stinks.
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