Found this page: Who Owns And Controls The Federal Reserve - USAGOLD A Gold Classics Library Selection Who owns and controls the Federal Reserve by Dr. Edward Flaherty Author’s preface: Is the Federal Reserve System secretly owned […] Could someone here expl…

I think a lot of people mean ‘private’ the same way someone might call the CIA the President’s ‘private army’ - it means it’s “independent within government”, i.e. unaccountable to constitutionally established federal government structures. The Fed’s decisions are not subject to approval by the Pres…

You make it sound like the media just “decided not to cover it” and everyone knew but just didn’t care. Please, I realize the book is long, but at least watch one of those videos.

I don’t wish to imply that what the media tells people to think is correct, or what’s important. But in fairness, it’s very seldom that legislation isn’t effectively drafted in secret. Congress is supposed to read it, of course, but ya know…

Again you’re missing the point. It doesn’t even sound like you know who was even in the room.

@John James: Many socialist claim the Fed is a private bank independent from the govt, most notably Dennis Kucinich & Bernie Sanders. Even a lot of Ron Paul supporters run around screaming the Fed is a private bank and that nationalizing it will fix all the problems it creates.

Now Ron Paul supporters are socialists? I think it’s safe to say I’ve heard everything.

It depends on what you mean by “private.” If the Fed is private because it is not owned by the state, then any public company is also private. Anyway: The Fed is not owned by the state, but it was created by Congress. The Fed’s shares are owned by private banks; however; some of the Fed’s employee…

@John James: I never said all RP supporters were socialist, but many of them are preaching for socialism even if they don’t realize it.

The Case Against the Fed It’s too simple - the Federal Reserve is “public losses, private profits”. This is, really, the essence of all government just distilled into a single agency. The passage of any statutory law is mere window-dressing… does it really matter if the FR Act “really” passed or n…

So wait...the Federal Reserve is NOT privately owned???

Economics Economics Questions

Think_Blue September 1, 2011, 6:01pm 18

[url]Who owns the Fed and/or the Central Bank of China?]

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So wait...the Federal Reserve is NOT privately owned???

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