Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Here is an article on 10 things that every American should know about the Federal Reserve:
10 Things That Every American Should Know About The Federal Reserve - Business Insider (
What did you know? What do you think? Why don't more people know …
What if instead of congress giving another trillion to Fed Corp to divy up among the money men and their cartel, (being a monetarist is great when you own the central bank), what if they put that trillion directly into building an infrastructure that would allow natural gas replace crude oil as the dominant form of energy. Put people direclty to work and let them put their income into the bank to collect interest.... I know that would suck for bankers, but it would be as great a multiplier for the us economy as teh interstate highway system was... but oh no, that would be socialist, we'd all put on red hats and become commies....
Don't want to get banned for being a communist conspirator, but honestly, that trillion is not going to find it's way to the people who are on the hook for it, it's not going to create jobs.... it's just going to create slaves, welcome to your future....
The Fed is a private corporation. It has financial statement like any other, although I believe this is not publicly available to the american people. It has assets and liabilities on it's balance sheet like any other. When it is printing money, there are many ways to do this. The latest version is to go out to the open market and purchase MBS from banks and pension and hedge funds etc, to take them out of circulation and put them on its balance sheet. The cash goes to the sellers who now can buy up more paper, like treasuries at the next auction. While the Fed is a private corporation, the American people, the congress, are on the hook if it can't cover it's liabilities, the ultimate too big too fail but impossible to save scenario....
The BS is available on their website, it's not a privately owned entity (a better word would be "independent"), and the flip-side of its liabilities being covered by the government is that any profits that the Fed makes are sent to the Treasury, i.e. the American people. For example, in 2011 the Fed made $77.4B in profits, $75.4B of which were sent to the Treasury (the rest covers expenses).
#1 The Federal Reserve System Is A Privately Owned Banking Cartel
The Federal Reserve is not a government agency.
The truth is that it is a privately owned central bank. It is owned by the banks that are members of the Federal Reserve system. We do not know how much of the system each bank owns, because that has never been disclosed to the American people.
Sept. 14 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about Federal Reserve policy and his investment strategy. Faber, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses gold prices and the property market. (Source: Bloomberg)