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SF Fed admits a private corporation, pay dividends!!!

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Uploaded by on Nov 19, 2011

David Haynie: "I had a really quick question, the Federal Reserve Bank of San Francisco specifically, is that formed as a private corporation itself?"
David Lang: "Ah yes it is actually. yes our state chartered banks, banks under a charter share that and we pay a dividend on those shares."

Full article here: http://pacificprogress.us/2011/11/19/11-16-11-federal-reserve-of-san-francisc...

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  • The Fed is also illegal and unlawful, as you can't change the US Constitution by merely passing a law.

    That means the private banking families that own the Fed have been operating a criminal enterprise since 1914 and that by law, all their assets gained from the Fed can be seized and returned to the US Treasury.

    Close down the Fed and watch all these 'Wars for Wall Street and Israel' disappear.

  • Please Americans,

    Vote for Ron Paul, he is our last hope to stop this criminal and corrupt system!!

    Greets from Germany

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  • Ready to Bail Out Europe? I heard that "in order to save the U.S. Fed Reserve, their counterparts in Europe will need to bailed out this time too, & by the U.S. taxpayer."

    So, when/if this happens, will the Federal Reserve be "forced to admit to the world, that it is not any more federal, than federal express." And, by its own hand? (Great catch by the way, *****!!)

  • Like everything else our wonderful Government has manage to to screw us out of our laws for their gain and our misery

  • He isn't saying anything that thinking people knew for years. No more private central banks ... no more corrupt two headed one party system. If we do as the Icelanders did we will be on the road to recovery in two years.

    I couldn't here the response he didn't speak loud enough

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