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Originally Posted by miss_silver
Of course, you reading about history will make you one repeating moronic parrot, no? Amuse yourself to death while you are at it!
Get yourself educated about the fed reserve and then we might have a good talk, if I feel like it.
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You are trying to be funny--- right? I will go tit for tat with you any day of the week on the financial services industry – just because you read some nuts web page and believe it does not make you educated, it makes you naive. Alan Greenspan is a genius when it came to managing the United States Monetary Policy, he will be missed. Goto an economics class if you want to learn why interest rates must rise and fall over time to balance the economy.
Deal with these FACTS,
First, how do you know who owns it?- A Federal Reserve Bank is not a publicly traded corporation and is therefore not required by the Securities and Exchange Commission to publish a list of its major shareholders. – but legal rules for acquisition of such stock according to The Federal Reserve Act requires national banks and participating state banks to purchase shares of their regional Federal Reserve Bank upon joining the System, there by becoming "member banks". Since the eight banks which conspirators like to name all operate within the New York Federal Reserve district, and are all nationally chartered banks, they are required to be shareholders of the New York Federal Reserve Bank. So what does this mean? Well, The SEC requires the name of any individual or organization that owns more than 5 percent of the outstanding shares of a publicly traded firm be made public. If foreigners own any shares of the eight banks, then their portions are not greater than 5 percent at this time. With no significant holdings of the major New York area banks, it does not seem likely that foreign conspirators could direct their actions.
Perhaps foreigners own shares of the New York Federal Reserve Bank directly. The law stipulates a small portion of Federal Reserve stock may be available for sale to the public. No person or organization, however, may own more than $25,000 of such public stock and none of it carries voting rights. However, under the terms of the Federal Reserve Act, public stock was only to be sold in the event the sale of stock to member banks did not raise the minimum of $4 million of initial capital for each Federal Reserve Bank when they were organized in 1913. Each Bank was able to raise the necessary amount through member stock sales, and no public stock was ever sold to the non-bank public. In other words, no Federal Reserve stock has ever been sold to foreigners; it has only been sold to banks, which are members of the Federal Reserve System
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I need to ask – which conspiracy theorist do you believe? Gary Kah or Eustace Mullins – They both go different directions.
I will get a link with more info for you to dispute, but one more little note. The owners of the Federal Reserve do not make Monetary Policy, the Board of Governors and the Federal Open Market Committee control the monetary policy of the USA. The Board is a seven member panel appointed by the President and approved by the Senate. Federal Reserve Bank cannot change its discount rate or required reserve ratio, issue additional currency, or purchase government bonds without the explicit approval of either the Board or the FOMC. The powers over U.S. monetary policy rest firmly with the publicly appointed Board of Governors and the Federal Open Market Committee, not with the New York Federal Reserve Bank or a group of international conspirators.
I must ask, What crash are you talking about and you do know the America dollar is stronger then the Canadian dollar right? So what does that say about the Canadian Economy? I think our Economy is doing very well personally.