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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: laura_bush who wrote (9544)	3/6/2004 1:00:06 AM
From: Raymond Duray	Read Replies (1) \| Respond to of 110194

WHO OWNS AMERICA? laura, The Federal Reserve Bank is owned by a consortium of some 20 banks. In the mid 1980s, William Greider wrote a wonderful book about the Fed called "Secrets of the Temple". The book is a bit dated now, and at that time 29 banks owned the Fed. Due to consolidation, the ownership is even more concentrated than in the past. I'm not sure where you can find the ownership list today, but I'd encourage you to try to find it. You can be absolutely certain that any bank that has privileges at the FRB-NY discount window is not only a client/trader with the FRB, but also an owner. Names that will be familiar include J.P. Morgan Bank, Citicorop, Merrill, Solly, BT, Brown Brothers Harriman, and probably today Bank of Italy (Giannini's bank), Wachovia, and maybe Hillary Clinton's old client in Little Rock, J.P. Stevens. ****** What is so disgusting and perfidious about the Fed system is that they are happy to spread disinformation about how the bank is structured and who owns it. Here's a typical bit of disingenuousness: clevelandfed.org Notice that there is rien utile, i.e. nothing useful, about who actually controls the bank. **** Re: WHO owns the Federal Reserve Bank? I'm guessing the Carlyle Group. Carlyle has no ownership interest in the FRB to best of my knowledge. **** Re: How does this "special" "investing scam" work? In wondrous ways.