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***The Federal Reserve Banks are owned by private member banks.

***The member banks are privately owned corporations.

The Government has the right to print money, so why don't they do it?

2007-04-23 14:54:34 · 9 answers · asked by Anonymous in Politics & Government Government

9 answers

So they can rip off Americans who pay an ILLEGAL INCOME TAX, because our government is corrupt, and ignorant.If you go back and look at executive orders signed by JFK, you will see he signed an executive order to abolish the Federal Reserve, and how nice he was killed in a couple of months, hmm go figure.

2007-04-23 14:59:28 · answer #1 · answered by masterplumber75 4 · 2 1

The government does print the money and uses the Federal Reserve system to distribute it. All requests for currency must be cleared by the Treasury. The Bureau of Engraving can only print money on authorization from the Treasury.

The implication that the Federal Reserve is private is not wholly true.

The Federal Reserve System is governed by 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 of this governing body. <== 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 with final approval from the Board of Governors. 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. (that's been about 95% since 1913).

2007-04-24 01:47:31 · answer #2 · answered by gray shadow 6 · 0 0

The government prints money, sells it to the Federal Reserve Banks which in turn transfers it to member banks.

So the answer is the government prints the money.

2007-04-23 14:58:09 · answer #3 · answered by krollohare2 7 · 2 1

The government does print money. But we've got such bad inflation that our money is basically worthless. The more money that is printed, the less money is actually worth, the higher the prices go, and the more money the government and taxpayers have to pay. So it's really not in our best interest to print more money. It's in our best interest to burn all the money we can't back up and start over again. But we can't do that, 'cause then we'd crash and burn.

2007-04-23 15:09:20 · answer #4 · answered by No one important 3 · 0 0

Without getting into the conspiracy of this.. (the banks are taking over the WORLD! part) yes. Its fraud. The US needs to get rid of the Federal Reserve and let the free market decide what money is. If thats a metal backed currency so be it..

2007-04-23 14:59:10 · answer #5 · answered by k X 2 · 1 0

Ever hear of inflation?

Look what happened to Germany in the thirtys and the collapse of their economy which lead to the rise of the Nazis.

2007-04-23 16:59:49 · answer #6 · answered by Walking Man 6 · 0 0

It sub-contracted and printed for like 5 cents per note. In reality a $1 bill worth as much a $100 bill.................. 5 cents. :-D

2007-04-23 15:02:49 · answer #7 · answered by Snaglefritz 7 · 0 0

of course the dont.. Kinko's print money! ROFLMAO

Krolloha is right *i cannot spell today*

2007-04-23 15:07:59 · answer #8 · answered by megaherzfan 4 · 0 0

dont know

2007-04-23 15:29:14 · answer #9 · answered by James k 5 · 0 0

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