Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Barendrecht who wrote (7984)	11/15/1997 3:45:00 AM
From: Bilow	Respond to of 18056

I own stock in companys but that doesn't mean I can control what they do. My understanding of the banking system is pretty limited (compared to Zeev's) but I believe that the share holders of the Federal Reserve don't get any advantage from that ownership, per se. That is, no dividends are paid out, and there is no market for those shares. They have to pay a certain percentage of their capital to the Federal Reserve, they would prefer to lend it all out (and then some. :) -- Carl

To: John Barendrecht who wrote (7984)	11/15/1997 10:42:00 AM
From: Zeev Hed	Respond to of 18056

John: Check your own references and you will see that none of these outfits is a Lazard Bank, the Lazard brothers are "Merchant Bankers", involved in investments not banking. None of the group is called Lazard Bank of Paris. And this kind of half truth is the hallmark of all hate campaigns. It is like saying that Newcourt Securities is "The Rothschild Bank of London", Newcourt securities is a merchant banker (yes, mostly owned by the London branch of the Rothschild family), but it is not a bank and does not own any of the regional reserve banks. As for who owns the Federal reserve bank, you gave the answer yourself: "As for the Fed, there are some interesting sites: Every national bank in any State shall, upon commencing business or within ninety days after admission into the Union of the State in which it is located, become a member bank of the Federal Reserve System by subscribing and paying for stock in the Federal Reserve bank of its district." Every legally chartered bank, has to buy stock in the Federal Reserve Bank of their district. The members banks of the federal reserve (every single bank of course) are the share holders and own the regional federal reserves bank. Of course, they never get dividend from the central bank, the profits above operational expenses are disbursed to the treasury. All the rest and the illustruous list of "owners" of the Federal Reserve System is gobligook (? sorry again if the metaphor does not hit the point, those "bloody foreigners <VBG>). Now can we go to some interesting subjects such as who own the Bank of Japan? If you look into details of the ownership, you will find interesting names like Tanaka. Tanaka is nothing but the Japanese version of an old Hebrew name, Tanai (a sage). Another intersting fact is that the massive Japanese company Mitsubishi owns a big chunk of the BOJ as well, and of course, is owned by the Mitsubishi family, but, here come the real detective work, mitsubishi is nothing but the japanization of Mitsur-yshi (the fortress of G-D), another conspiracy of the "elders of Zion". And I can go on and show you the darkness of the conspiracy by analyzing in the same manner famous names such as Mitsui and Toshiba etc. Unfortunately, I have nothing to tie Sony with the "elders", but that is "new money" (nouveau riche). If you believe this garbage, I have a bridge in Brooklyn for sale (courtesy of the New York, branch of the "Elders "). Next time you see garbage claiming that these and these own the Fed's, just tell them, no, my bank owns a piece of the action but never sees a dime from it. Zeev