ok just clicked your link and the first thing i read
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Who Owns The Federal Reserve?
The Fed is privately owned. Its shareholders are private banks
The Fed is privately owned. Its shareholders are private banks
that is exactly what I said when I said
So how if its owned by "privately owned banks" does the governemt also somehow own it?
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Time to Change the Statute?
According to the Fed’s website, the control Congress has over the Federal Reserve is limited to this:
“[T]he Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute.”
As we know from watching the business news, “oversight” basically means that Congress gets to see the results when it’s over. The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells.
According to the Fed’s website, the control Congress has over the Federal Reserve is limited to this:
“[T]he Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute.”
As we know from watching the business news, “oversight” basically means that Congress gets to see the results when it’s over. The Fed periodically reports to Congress, but the Fed doesn’t ask; it tells.
https://www.youtube.com/watch?v=a7XV3vS1hAM
Bernanke :
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Of course we will do whatever congress tells us to do
hahaha I've got an IPCO to sell you
