List of Federal Reserve Member Banks 1914. Each of the twelve Federal Reserve Banks is organized into a corporation whose shares are sold to the commercial banks and thrifts operating within the Bank’s district. Three years after signing the Federal Reserve Act into law, however, Wilson is quoted as having stated:I am a most unhappy man. Humansarefree reports: The Fed and the IRS. In reality, however, it is a private institution whose shareholders are commercial banks; it is the “bankers’ bank.” Like other corporations, it is guided by and committed to the interests of its shareholders—pro forma supervision of the Congress notwithstanding.The choice of the word “Federal” in the name of the bank thus seems to be a deliberate misnomer—designed to create the impression that it is a public entity. ., the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered (Thomas Jefferson,In 1836, Andrew Jackson abolished the Bank of the United States, arguing that it exerted undue and unhealthy influence over the course of the national economy. The Reserve Bank, with 2 million issued shares, is one of eight reserve banks worldwide that have shareholders other than the governments of their respective countries (the others being Belgium, Greece, Italy, Japan, Switzerland, Turkey and the USA). The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. Perhaps a most interesting and instructive example is the case of the Bank of North Dakota, which continues to be owned by the state for nearly a century—widely credited for the state’s budget surplus and its robust economy in the midst of the harrowing economic woes in many other states.The idea of bringing the banking industry, national savings and credit allocation under public control or supervision is not necessarily socialistic or ideological. It might be independent of the politicians, but it doesn’t mean it is a neutral arbiter. Their monopoly over the global economy does not end at the edge of the oil patch. Throughout the entire 1940s, the Federal Reserve as a practical matter was not independent.
The Basel Committee. Not long before the establishment of the Federal Reserve Bank in 1913, President William Taft (1909-1913) pledged to veto any legislation that included the formation of a private central bank. They are private monopolies which prey upon the people of these United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders.The fact that the Fed is committed, first and foremost, to the interests of its shareholders, the commercial banks, explains why its monetary policies are increasingly catered to the benefits of the banking industry and, more generally, the financial oligarchy.
A list of Rothschild owned banks can be found online but for the purpose of this article, the Reserve Bank of Australia (RBA) is listed among those controlled by the Rothschild group. I have unwittingly ruined my country. “ These include its name, its ownership, its purported … In other words, the Fed’s monetary policy has effectively turned into a means of redistribution from the bottom up.This is no speculation or conspiracy theory: redistributive effects of the Fed policies in favor of the financial oligarchy are backed by undeniable facts and figures. More importantly, it is also officially and explicitly stated on its Website: “The Federal Reserve System fulfills its public mission as an independent entity within government. These include its name, its ownership, its purported independence form external influences, and its presumed commitment to market stability, economic growth and public interest.The first MAJOR MYTH, accepted by most people in and outside of the United States, is that the Fed is owned by the Federal government, as implied by its name: the Federal Reserve Bank. Ellen Brown, “How the Fed Could Fix the Economy—and Why It Hasn’t,”