Are paople waking up to the fact that the Federal Reserve is a privately owned, criminal cartel?

Answer 1

What would a paople be?

Answer 2

The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations. (http://www.federalreserveeducation.org/fed101/structure/ )

- To review the federal reserve structure...

At the top of the Federal Reserve System is the Board of Governors. These are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level. In fact, board members are forbidden by law to have any economic interest in a private bank.

The 12 branches, however, are organized similar to private corporations. Member banks are required to buy shares in their branch. They can vote for 6 of their 9 board members. The shares get a standard 6% dividend. These shares cannot be sold on the open market. After expenses, all 'profit' from T-Bill interest is turned over to the Treasury (about 98%). Is this private ownership? The Fed says no. (see
http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm#6 ). The courts show a split decision.

I equate the arrangement to a government agency (the Board of Governors) contracting out the day to day operations to a tightly controlled and regulated company.

I don't think you'll find any authoritative sources that say the Federal Reserve is completely privately owned, or any proof that it is. The only sources that say that are fringe web sites with an agenda.

Answer 3

No, the sheeple don't care... but for anyone that does, there is an alternative currency out there. It's called the Liberty Dollar, and it's backed by real silver and gold, not Federal debt.
May the real money revolution continue!
http://www.libertydollar.org

Answer 4

PresKennedy wanted to reform the system and was killed 3 wks later.