Community | May 07, 2009 | 6 comments

WOULD WE RIOT ABOUT THE FEDERAL RESERVE?

source: http://www.thecuttingedgenews.com/index.php?article=11194&pageid=37&pagename=Page+One

Image
akamaial
The American public is being misled by government officials, politicians, and the Federal Reserve regarding the causes of this crisis and the solutions needed to solve our economic tribulations.

The average American does not know much about the Federal Reserve. The government and the Federal Reserve prefer to operate in the shadows. If the American public understood what their policies have done to their lives, they would be rioting in the streets. Most Americans believe that the Federal Reserve is part of the government. They are wrong. It is a privately held corporation owned by stockholders. The Federal Reserve System is owned by the largest banks in the United States. There are Class A,B, and C shareholders. The owner banks and their shares in the Federal Reserve are a secret. Why is this a secret? It is likely that the biggest banks in the country are the major shareholders. Does this explain why Citicorp, Bank of America and JP Morgan, despite being insolvent, are being propped up by Ben Bernanke and Timothy Geithner?
  1. groups:
  2. tags:
    Economy,  Recovery,  transparency,  Media Influence,  2 more
  3.     
    |

6 comments // WOULD WE RIOT ABOUT THE FEDERAL RESERVE?

  • plusaf
  • akamaial
    • 0
      akamaial [removed]  
    • plusaf:

      The closing paragraph from the above link:

      ~Perhaps it is time to calculate what these board members have been paid by their banks in salary and bonuses over the years and seek to have them return it to the public as small compensation for their failed oversight of the N.Y. Fed. And more fundamentally, perhaps it is time to take a hard look at the governing structure and supposed independence of this institution that actually controls the use of our tax dollars and, heaven help us, the fate of our economy.

      ~ Apparently a collusion of the good ole boys(and gals) to maintain their status quot?

    • 3 years ago
  • akamaial
    • 0
      akamaial [removed]  

    • Ah yes, sounds as familiar as the following;

      ~Costello: Who's on first?
      ~Abbot: Well, let's see, we have on the bags, Who's on first, What's on second, I Don't Know is on third...
      ~Costello: That's what I want to find out.
      ~Abbott: I say Who's on first, What's on second, I Don't Know is on third.

      ...and so on goes the shell game.!

    • 3 years ago
  • kiltedandfree
    • 0
      kiltedandfree  

    • How could the Federal Reserve function so long with no government oversight. Reason is the fattest and richest own the Federal Reserve. The FR is a private entity and it has stock holders. Stock holders on money they produce? I guess, I don't really know how the FR can produce monetary gain by the printing of bills? Since they are owned by the richest banks in the US they can do what they want. I have watched outright stealing our of my account and when I bring it to them I get some answer like "it's our policy". Policy to steal, not bad if you can get the job. How can that be anything but horribly bad for America. The FR is primarily owned by the largest banks in the US. I knew I hated banks for a good reason. I will support Hb 1207 for sure.

    • 3 years ago
  • bbar
  • Kylsport
    • 0
      Kylsport  

    • Now is the time to own precious metals and/or agricultural real estate. I won't be investing in wall street or government T-bills anytime lately.

    • 3 years ago
  • carmalite
  • akamaial
    • 0
      akamaial [removed]  

    • ~Excerpt:~
      The average American might just conclude that prices always go up, so what’s the big deal about inflation. This is where the Federal Reserve and politicians have pulled the wool over your eyes. The CPI was 30.9 in 1964. Today, it is 211.1. This means that prices have risen 683 percent since 1964. The only problem is that your wages have not risen at the same rate, even using the government manipulated CPI. Using a true CPI figure, average weekly earnings are 64 percent below what they were in 1964. This explains why a family of five could live well with one parent working in 1964, but even with both parents working and using debt in prodigious amounts, the average family does not live as well today.

      Wow, and we wonder how it is that we can barely make ends meet...they've (the Fed) had us by the balls for decades.

    • 3 years ago
from the community

top videos