- January 2nd, 2013, 2:09 pm
#416504
logic wrote:While not technically part of the government I wouldn't call an entity where 99% of the profits go to the US Treasury and the majority of its voting Board are appointed by the US President a private bank. While you are technically correct that the FED is owned by its member banks in function the FED is a part of the executive branch of our government. Not sure what your point was but don't concern yourself with details.From the class of 09 wrote:Really?
I am sorry, did you think the Federal Reserve was actually a part of our government? You didn't know it is a private bank that controls our nation's money supply? Ron Paul's "End The Fed" is only the tip of the iceberg. Have you never researched the creation of the FED? Never heard the names Schiff, Warburg, Morgan, Rockefeller, and Rothschild in the same sentence? Ever wondered where the income tax came from, why we have it, and how it relates to the FED?
Sometimes ignorance is bliss.
Last edited by From the class of 09 on January 2nd, 2013, 4:13 pm, edited 1 time in total.