There are 12 federal reserve banks around the country and they are owned by big private banks. The Federal Open Market committee has 12 voting members. 5 of which come from the banks. the rest are appointed by the president. The bankers created the legislation for the FED back in 1913 when it was created. Every year there is congressional legislation to audit the FED and it is defeated. At best you could call the FED a hybrid-entity. But Greenspan has said flat out that it is a private entity.
I don't see the board members at the FED on my ballot. the BLM, the FED and a multitude of other government entities keep going on regardless of who we the people vote into office. Regulation without representation. This is why I say voting doesn't mean shit. We live in an Oligarchy not a Democracy these days I'd wager. But what do I know, no way to really be sure.
Last edited by [LoD]G-Fist; 04/22/14 07:14 PM.
