Why don't the new,tell the people ??/That the federal reserve system)(or bank) is not part of the federal gove

Answer 1

Because it is not wholly true.

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/ )

The Board of Governors 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. 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. All 'profit' from the Federal Reserve branches are turned over to the Treasury at the end of the year. Is this private ownership? It is the subject of much debate. The Feds say no http://www.federalreserve.gov/generalinfo/faq/faqfrbanks.htm#6 ) Courts have ruled that the branches, though acting as agents for the government, can be sued like private corporations.

The bottom line is the system is controlled by the Board of Governors, a government agency.

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.

Answer 2

chyannsdad is correct, the Federal Reserve is chaired by the presidents of private banks. The government pays them to print the money, pays them interest on the bills they print and distribute to those who borrow from their banks. The interest comes from taxes.
The Federal Reserve was created by the Jeffersonian Government. It can be dismantled at any time the Federal Government pays these banks a certain amount of cash. I believe it is much less than a million dollars. Like paying off a mortgage except there is a fixed dollar amount.

The reason this is not done is people are afraid the monetary system will crash if the Federal Reserve is broken up.
The truth, is, the United States could save its citizens several Billion dollars if they shut down the Federal Reserve.

Answer 3

And the guys that head up the federal reserve are the presidents of the nation's largest bank. And the federal government stupidly pays them to print the money for them when they have the ability to do it. And they make money off the interest on the taxes we pay in. And worst yet, there is no law stating that we must pay income taxes.

Answer 4

It IS part of the federal government, specifically the Treasury Department. The Federal Reserve has a great deal of independence, which it must in order to properly manage the currency without having to worry about meddling by Congress.

Answer 5

You have a point, although nobody will believe it. The federal reserve is unconstitutional and will be the ruin of this country. Any time your money is based upon only "good will" your in trouble and we're in trouble.

Answer 6

Last time I checked the Federal Reserve was controlled by the Treasury

Do you know something I don't?

Answer 7

Who else has thier own federal police officers under thier control

Answer 8

I think rhsaunders just schooled you. Because he's right.

Answer 9

YOU SHOULD ALL SEE "AMERICA: FROM FREEDOM TO FASCISM" By AARON RUSSO