The Federal Reserve is a privately owned corporation

Jerry Nelson, corporate communications, the Federal Reserve, expounds upon ownership of the Fed. These are some of the most memorable extracts from the excellent "Meet the Federal Reserve" video by Restore the Republic, full version at:

http://www.restoretherepublic.com/top-stories/meet-the-federal-reserve

Some other words from various Fed officials, bankers and Supreme Court judges on ownership and control of the banking system:

"The Federal Reserve banks are privately owned, locally controlled, separate corporations." Lewis v. United States, the Ninth Circuit Court, June 24, 1982

"We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system."
Robert Hemphill: , Credit Manager of the Federal Reserve Bank in Atlanta, 1934

"Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
J. P. Morgan, January 1934

"Give me control of a nations money supply, and I care not who makes the laws."
Baron N.M. Rothchild, 1815

Category:

Education

Tags:

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• Reserve

[uranian23]

there's a court case that proves the fed is private too: Lewis v. United States, 680 F.2d 1239 (1982) John L. Lewis, Plaintiff/Appellant, v. United States of America, Defendant/Appellee. No. 80-5905 United States Court of Appeals, Ninth Circuit. Submitted March 2, 1982. Decided April 19, 1982. As Amended June 24, 1982. globalresearch point ca

[imustbkrazee]

@myvaginableedsdaily because people are addicted to money, they feel the need to accumulate as much as possible so they can live their own lives. My bf's dad is like 50-60 and still working HVAC. His back is all messed up and he can barely feel his fingers and he's still trying to get cash. He should be ok to retire by now but his 401K dropped like a rock since '08 and there's no way he can patch it back up to retire any time soon.

[davids11131113]

Good the FED is private? Now let them privately deal with their huge debt themselves, Im not paying them 1 red penny.

[iannetta11]

Paper, redeemable for NOTHING, is not money.

END THE FED.

[myvaginableedsdaily]

ok if we know there is a shit in the punch bowl then WHY does people keep drinking fucking punch juice?

[Keither9]

So is the Postal Service. We are all being lead by people being manipulated by people trying to gain acceptance from people being manipulated by people trying to gain acceptance, when in fact the ring in our nose be it gold or not the pain is real till we don't allow the push for control anymore watching our brethren cry stop killing our kids for having sex.

[oiuoiu988]

actually the irs makes more than 93%.

[pauline404]

Thanks for uploading it. Yeah it is privately owned and that is the problem

[chinasherry1961]

wow that's a 93% profit. how many other businesses can make this kind of profit no wonder I am paying so much taxes