*** Off Topic ***
Gentlemen: Begging your pardon, the U.S. Federal Reserve Bank is not a bank, nor is it a constituted agent of the U.S. government. It is a banking cartel. And a cartel in every sense of the word. The name of the organisation is an intentional misnomer, a contrivance.
The only means by which one might consider them a federal agency is 1) the legislation that accords them their privileges, and 2) the fact that they control the U.S. monetary system.
The Federal Reserve is a private organisation of member banks (Chase, JP Morgan, BOA, et al) that has, via their extreme influence, affected bail-outs of their members with U.S. taxpayer funds on numerous occasions since the Wilson Administration, and the coinciding Congress, re-established the charter that prior Presidents saw fit to revoke or deny.
Depending upon the mood of the citizenry, should they ever be made aware of the circumstances and illegalities, every Senator on the banking committee could be indicted, the Fed's charter revoked, and chaos brought upon world financial markets.
Removing the parasite would not kill the host, but it would require some close attention.
The next time you are forced to absorb an investment loss, know that the cartel has accessed the Treasury to escape a similar situation. Gets me steaming every once in a while.
(I too am accumulating Australia.) |
