the federal reserve bank owns you, know who they are





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Published on Jun 10, 2008

taken from the website of the new york federal bank, there is much more there is you care to look at their nice propaganda.

this is some of what they do, as written by their marketers:

Execute monetary policy
The Federal Open Market Committee (FOMC) sets monetary policy to help promote national economic goals. The New York Fed's president is the only regional Bank president with a permanent vote and is traditionally selected as its vice chairman. Other presidents serve one-year terms on a rotating basis.

The Federal Reserve uses three main tools to implement monetary policy: open market operations, the discount window and reserve requirements. The most important and dynamic tool is open market operations.

Through open market operations, the New York Fed buys and sells U.S. Treasury securities, trading with accredited primary dealers. When the Fed buys Treasury securities from primary dealers, it adds extra reserves to the banking system and puts downward pressure on the highly sensitive federal funds rate. When the Fed sells Treasury securities, it drains reserves and puts upward pressure on the federal funds rate. The New York Fed is located at the heart of the nation's financial industry and is the only regional Bank to carry out these crucial operations on behalf of the System.

The Fed's other main policy tools are the discount window, which extends credit to banks in certain circumstances, and reserve requirements, which dictate how much banks must hold in reserve accounts. These mechanisms also influence the cost of lending, which, in turn, affects the rate of economic growth and price levels.

The New York Fed also carries out foreign exchange market intervention to help achieve dollar-exchange-rate policy objectives. Intervention is carried out by the New York Fed on behalf of the U.S. Treasury and the Federal Reserve.

Support financial stability in the U.S. and abroad
The New York Fed's supervisory activities are designed to ensure a safe and sound banking system. The New York Fed conducts onsite and offsite examinations of banks in New York, New Jersey, and Fairfield County in Connecticut. It also examines U.S. bank holding companies, state-chartered banks and the U.S. operations of foreign banks.

Like the other Federal Reserve banks, the New York Fed is responsible for enforcing laws and establishing rules to protect banking customers in its region. Finally, the Fed ensures that banks in each district observe community reinvestment laws and try to meet the credit needs of their communities.

... there are many bids for a one world religion. don't chose money dictatorship.


john rah

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