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Strategies & Market Trends : The Financial Collapse of 2001 and Beyond

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To: Maurice Winn who wrote (89610)4/28/2012 4:17:09 PM
From: carranza21 Recommendation  Read Replies (2) of 106685
 
You misunderstand the 'ownership' of the Fed.

It is a central bank, not an appendage of private banks.

Dividends are 6% on the banks' capital investment, not a penny more, not a penny less.

The 'owners' do not sit on a board of directors whose function is to formulate and guide the Fed's policy. The member banks of the Federal Reserve System, several thousand of them, do elect a minority of the members of the Fed's Open Market Committee, which sets policy.

It's a very strange creature, easy to misapprehend.

federalreserve.gov 

factcheck.org 

The Fed has transferred a great deal of the purchasing power to themselves over the decades.

What are you talking about?
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