Kasz216 on 02 January 2013
| Branko2166 said: @Kasz216 http://www.globalresearch.ca/who-owns-the-federal-reserve/10489 There are plenty of links on both sides. But my point is still valid, even if the US central bank is a truly federal bank and not privately owned as you claim. |
and the links on the other side are completely false.
The decisions made by the Federa Reserve are decided by the council, which is majorily apointed by the President. Hence it is federally owned.
The federal reserve sends an profits over 6% directly to the national treasury and congress to be used by the government.
If Obama fired the Federal Reserve board and put in place Ron Paul and a bunch of his friends or communists or whatever, the private banks would be SOL.
The Federal Reserve is more or less like Medicare or Social Security, but for banks. (Also this program makes a profit for the government.)
