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HR 1207 : Federal Reserve Transparency Act 2009 (pg. 42)
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| Krypton |
| quote: | Originally posted by culorut
Wrong, they are dam straight to me. You just cannot read properly.
For someone who claims to work in the financial industry you sure do not know much about it that's for sure.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
I develop financial models. What have you done? Watched "Money Masters"?Get an education..;) |
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| culorut |
| quote: | Originally posted by Krypton
I develop financial models. What have you done? Watched "Money Masters"?Get an education..;) |
Then prove what I just posted wrong mighty educated one. I am absolutely shocked by the amount of people (especially Americans) that have no fuking clue of how their own banking system works. Is it any wonder the FED has and still is raping the USA?
Pathetic.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
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| jerZ07002 |
| quote: | Originally posted by culorut
Blah blah blah |
Someone who knows as much about the US banking system as you should know that lehman brothers was a securities firm and NOT a federally chartered commercial bank and thus it couldn't be a shareholder of a reserve bank. But, I suspect you will say lehman was a shareholder despite federal records establishing the contrary. |
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| Krypton |
| quote: | Originally posted by culorut
Then prove what I just posted wrong mighty educated one. I am absolutely shocked by the amount of people (especially Americans) that have no fuking clue of how their own banking system works. Is it any wonder the FED has and still is raping the USA?
Pathetic.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
We have proved it. It's not our fault you'r stubborn as a mule. |
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| Krypton |
| quote: | Originally posted by jerZ07002
Someone who knows as much about the US banking system as you should know that lehman brothers was a securities firm and NOT a federally chartered commercial bank and thus it couldn't be a shareholder of a reserve bank. But, I suspect you will say lehman was a shareholder despite federal records establishing the contrary. |
Oh great. Another accusation. What is it this time? Corporate fraud? This on top of accounting fraud, and breach of trust. Colorut = worst lawyer in the world...:stongue: |
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| culorut |
| quote: | Originally posted by Krypton
We have proved it. It's not our fault you'r stubborn as a mule. |
The only thing which you have proved is that the FED owns 1.5 of Treasury bonds which I agreed with from the very start. The reality is they use much more then their ownership of US Treasury Bonds as reserve (backing) to issue more of their air money or air credit.
The use all of the PUBLIC DEBT (5 Trillion) as collateral to issue air money or fake credit through fractional banking.
It's amazing that none of you understand this. To top it all off there is approx 115 Trillion dollars in monetary supply from the USA in the world alone. The FEDS account for half of this amount presently.
Do the numbers you idiots, at 50 Trillion dollars the FEDS absolutely have a backing of 5 Trillion dollars in total reserve because fractional banking only requires they hold 10% of their physical reserve to start off with. This is accomplished by lending this new air money to their member banks who in turn really run the FED. They are one entity.
If I am incorrect (which none of you have proven so far) who is issuing the fake credit or air money because the last time I checked the HISTORY BOOKS this was given solely to the FEDERAL RESERVE in 1913. Unless you morons have a different version of history then this has not changed for roughly the last 100 years.
Next you idiots are going to tell me that the SSA, HUD, and FEMA was given the right to issue credit because they are under the same umbrella as the Federal Reserve in the collateral chart I posted. (Which does accumulate to 5 Trillion in reserve coincidentally)
So the question now is if there is 115 Trillion dollars in monetary supply and the FEDS own half of it where did they get the backing or reserve to make this air money credit because no one else can issue this credit which does exist other then them?
Don't think too hard fella's you can always admit you just have no fuking clue.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
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| culorut |
| quote: | Originally posted by jerZ07002
Someone who knows as much about the US banking system as you should know that lehman brothers was a securities firm and NOT a federally chartered commercial bank and thus it couldn't be a shareholder of a reserve bank. But, I suspect you will say lehman was a shareholder despite federal records establishing the contrary. |
And someone that knows how to read would understand that I specifically said.....
| quote: | | The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. |
You should go join Krypto and take reading classes, either that or both of you are way over your heads and must be fuking dizzy.
So to re-cap I said they own shares of member banks, exactly where did I say they are a bank? Would you not think I would have placed the word "bank" beside the Lehman brothers just like everyone else in that list.
DOOMBOT pass me the popcorn please...... |
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| pkcRAISTLIN |
| quote: |
The following shareholders of the member banks own the stock of the Federal Bank in New York which controls the other 11 Federal Bank Districts. (Some of these banks have merged).
Rothschild Bank of London
Rothschild Bank of Berlin
Lazard Brothers of Paris
Warburg Bank of Hamburg
Warburg Bank of Amsterdam
Israel Moses Seif Banks of Italy
Kuhn Loeb Bank of New York
Goldman, Sachs of New York
Lehman Brothers of New York
Chase Manhattan Bank of New York |
:stongue: :stongue: :stongue: you should really learn to do research other than swallowing whatever conspiracy tripe you find online. its funny seeing you repeat verbatim known fallacies, priceless.
| quote: |
Who Owns the New York Federal Reserve Bank?
Each of the twelve Federal Reserve Banks is organized as a corporation in much the same way as many other firms. However, Gary Kah in 1991 claimed foreigners intent on global economic and political domination own a controlling interest in the shares of the New York Federal Reserve Bank. “Swiss and Saudi Arabian contacts,” according to Kah (p. 13), identified the top eight shareholders as
Rothschild Banks of London and Berlin
Lazard Brothers Banks of Paris
Israel Moses Seif Banks of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers of New York
Kuhn, Loeb Bank of New York
Chase Manhatten Bank
Goldman, Sachs of New York.
Kah describes these as the Fed’s “Class A shareholders” (p. 14). This is curious because Federal Reserve stock is not classified in this manner. It can be either “member stock” or “public stock.” However, the directors of a Federal Reserve Bank are separated into Classes A, B, and C depending on how they are appointed (12 USCA §302).
Fellow conspiracy theorist Eustace Mullins presents a different list in his 1983 book Secrets of the Federal Reserve. He reports the top eight stockholders of the New York Fed in 1982 were
Citibank
Chase Manhatten Bank
Morgan Guaranty Trust
Chemical Bank
Manufacturers Hanover Trust
Bankers Trust Company
National Bank of North America
Bank of New York.
He notes that together these banks own about 63 percent of the New York Fed’s outstanding stock. European banking organizations, most notably the Rothschild banking dynasty, he then claims, own many of these banks. Mullins also contends that through their American agents, the European bankers – who he calls the London Connection – select the board of directors for the N.Y. Fed. Since the N.Y. Fed supposedly controls the whole Federal Reserve System, this allows the London Connection to direct U.S. monetary policy. He explains,
... The most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic since its very inception. The power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled from England, and so it is today (Mullins, p. 47-48).
Clearly, there is a discrepancy between the two lists. According to Kah, foreigners own shares of the N.Y. Fed directly. On the other hand, Mullins does not report any such direct foreign ownership. Instead, Europeans allegedly own the U.S. banks which, in turn, own the N.Y. Fed – an indirect ownership. So who is right? Mullins claimed the source of his information was the Federal Reserve Bulletin, however, that publication has never reported the shareholder list of any Federal Reserve Bank. It is not clear where he obtained his list. Kah’s source was supposedly an unnamed group of Swiss and Saudi Arabian contacts and so it is impossible even to verify his list. On the other hand, the two authors published their lists eight years apart. Since Mullins’ was the earlier of the two, it may be possible that sometime between 1983 and 1991 foreigners acquired a substantial amount of stock in the N.Y. Fed. It is also possible that both lists are wrong.
To clarify this mystery, let’s first look at the Federal Reserve Act of 1913 itself. The law requires that all nationally chartered commercial banks and savings & loans buy stock in their regional Federal Reserve Bank, thereby becoming “member banks” (12 USCA §282).1 The amount of stock a bank must buy, called “member stock,” is proportional to the bank’s size. So, we would expect that by law the largest shareholders of the N.Y. Fed to be the largest banks operating in its district. This is consistent with Mullins since all of the banks on his list were, at the time, the largest banks in the N.Y. Fed region.
Further examination of the law and the facts makes Kah’s list suspect. The law does not permit the stock of a Federal Reserve Bank to be traded publicly like the stock of a typical corporation. The original Federal Reserve Act called for each regional Bank to sell stock to raise at least $4 million to begin operations (12 USCA §281). The stock was to be sold to banks, not to the public. Only in the event that sales to member banks did not raise the necessary $4 million would the regional Fed Banks be permitted to sell shares to the public, called “public stock.” However, this did not happen and no stock in any Federal Reserve Bank has ever been sold to the public, to foreigners, or to any non-bank U.S. firm (Woodward, 1996). Note that foreign interests comprise half of the alleged owners on Kah’s list. Moreover, three of the hypothesized American owners are not even banks. The law permits neither foreigners nor non-bank firms from owning shares in any Federal Reserve Bank. Chase Manhatten is the only entity on Kah’s list that could possibly own shares of the N.Y. Fed.
We can simply look at the most recent list of shareholders to test the claim that foreigners own the New York Federal Reserve Bank. According to the N.Y. Fed itself, as of June 30, 1997 the top eight shareholders were
Chase Manhatten Bank
Citibank
Morgan Guaranty Trust Company
Fleet Bank
Bankers Trust
Bank of New York
Marine Midland Bank
Summit Bank.
All of the major shareholders seen here and all of the banks on the complete list are either nationally- or state-chartered banks. All of them are U.S.-owned. Kah’s claim that foreigners directly own the N.Y. Fed is completely wrong. This list is consistent, however, with Mullins in that all the owners are domestic banks functioning within the N.Y. Federal Reserve district. The discrepancies are likely due to mergers, new entries into the banking market, or other significant changes in the size of district banks since the publication of Mullins’ list. One point is clear: foreigners do not own the New York Federal Reserve directly.
BY: Edward Flaherty, Ph.D. Department of Economics College of Charleston, S.C.
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http://www.geocities.com/CapitolHil.../flaherty5.html |
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| culorut |
| quote: | | you should really learn to do research other than swallowing whatever conspiracy tripe you find online. its funny seeing you repeat verbatim known fallacies, priceless. |
Actually I did get the list of the shareholders from a website (this is what you do when sourcing legitimate information unlike the tripe you spill on these forums) but the problem is nobody here has proved it wrong. Adding to this none of you have dis-proved how there is 50 Trillion of monetary supply if there is only 1.5 Trillion of US Treasaury Bonds which the FED owns. (which is what you retards are claiming)
For the FED to have 50 Trillion monetary supply they have a backing of 5 Trillion, it cannot be any other way.
Prove me wrong already educated one......40 somewhat pages and counting.......
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
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| pkcRAISTLIN |
| quote: | Originally posted by culorut
Actually I did get the list of the shareholders from a website (this is what you do when sourcing legitimate information unlike the tripe you spill on these forums) but the problem is nobody here has proved it wrong. |
the shareholders of the federal reserve are a matter of public record (i just posted them above). oh look, not owned by foreigners as you allege. what a surprise! |
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| Krypton |
| quote: | Originally posted by culorut
The only thing which you have proved is that the FED owns 1.5 of Treasury bonds which I agreed with from the very start. The reality is they use much more then their ownership of US Treasury Bonds as reserve (backing) to issue more of their air money or air credit.
The use all of the PUBLIC DEBT (5 Trillion) as collateral to issue air money or fake credit through fractional banking.
It's amazing that none of you understand this. To top it all off there is approx 115 Trillion dollars in monetary supply from the USA in the world alone. The FEDS account for half of this amount presently.
Do the numbers you idiots, at 50 Trillion dollars the FEDS absolutely have a backing of 5 Trillion dollars in total reserve because fractional banking only requires they hold 10% of their physical reserve to start off with. This is accomplished by lending this new air money to their member banks who in turn really run the FED. They are one entity.
If I am incorrect (which none of you have proven so far) who is issuing the fake credit or air money because the last time I checked the HISTORY BOOKS this was given solely to the FEDERAL RESERVE in 1913. Unless you morons have a different version of history then this has not changed for roughly the last 100 years.
Next you idiots are going to tell me that the SSA, HUD, and FEMA was given the right to issue credit because they are under the same umbrella as the Federal Reserve in the collateral chart I posted. (Which does accumulate to 5 Trillion in reserve coincidentally)
So the question now is if there is 115 Trillion dollars in monetary supply and the FEDS own half of it where did they get the backing or reserve to make this air money credit because no one else can issue this credit which does exist other then them?
Don't think too hard fella's you can always admit you just have no fuking clue.
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
We proved you don't know what "Intragovernmental" means. Once again twisting the truth to fit your warped view of the world. |
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| Krypton |
| quote: | Originally posted by culorut
Actually I did get the list of the shareholders from a website (this is what you do when sourcing legitimate information unlike the tripe you spill on these forums) but the problem is nobody here has proved it wrong. Adding to this none of you have dis-proved how there is 50 Trillion of monetary supply if there is only 1.5 Trillion of US Treasaury Bonds which the FED owns. (which is what you retards are claiming)
For the FED to have 50 Trillion monetary supply they have a backing of 5 Trillion, it cannot be any other way.
Prove me wrong already educated one......40 somewhat pages and counting.......
:stongue: :stongue: :stongue: :stongue: :stongue: :stongue: :stongue: |
We can't prove anything wrong when your mind is already made up and there is no other possibility. Have you ever, just once, thought that you just might be wrong? Just once? |
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