how come the federal reserve is run by private banks.people need to WAKE UP !!! and realise whats going on here.
2006-11-05 08:41:34 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
zzzzzzzzzzzzz
2006-11-05 08:58:15 · update #1
It's more of a quasi-goverment institution than a private enterprise. There are elemernts of both private and public ownership which is part of the confusion.
At the top of the Federal Reserve system is the Board of Governors. These members are appointed by the president and confirmed by congress. There is no structure or mechanism for private ownership of the Board of Governors.
The 12 branches are organized like corporations where the member banks must purchase shares. Member banks can vote on 6 of the 9 branch board members.
The Board of Governors is responsible for monetary policy and oversight of the running of the 12 branches.
The branches are in charge of day-to-day operations as directed by the board.
2006-11-06 01:20:54 · answer #1 · answered by gray shadow 6 · 0⤊ 0⤋
Read the book entitled 'The Creature from Jekyll Island' by G. Edward Griffin for the answer.
2006-11-08 19:30:23 · answer #2 · answered by pengsanking 2 · 0⤊ 0⤋
The answer is Yes.
2006-11-05 08:49:12 · answer #3 · answered by dannySATX 2 · 0⤊ 1⤋
all stolen from the indigenous population too.
WAKE up and realise whats going on yourself
2006-11-05 08:45:28 · answer #4 · answered by Anonymous · 1⤊ 2⤋
HUH ?? Oh PLEASE Mr. Chavez... get off Yahoo and fix your own country you silly lil Communist you !!
Are you suggesting the at we redistribute the wealth ??
2006-11-05 08:46:28 · answer #5 · answered by mariner31 7 · 0⤊ 2⤋
it is not the people gold it is the country's gold
2006-11-05 08:43:49 · answer #6 · answered by SH1T 3 · 1⤊ 2⤋
true
2006-11-05 08:43:22 · answer #7 · answered by Anonymous · 2⤊ 0⤋