Greenspan admits The Federal Reserve is not a Government Agency (legal, treason)

[saganista]

Originally Posted by doubbltunman

I've said it on here one hundred times, I don't care if the chairman comes before congress once a week-The Federal Reserve System is NOT the federal gov, a gov agency, controlled by congress, or WE THE PEOPLE.

Repeating a falsehood -- even as many as a hundred times -- does not make it true.

[doubbltunman]

Originally Posted by saganista

Repeating a falsehood -- even as many as a hundred times -- does not make it true.

In my lectures throughout this nation, and in my appearances on many radio and television programs, I have sounded the toxin that the Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate. From November, 1910, when the conspirators met on Jekyll Island, Georgia, to the present time, the machinations of the Federal Reserve bankers have been shrouded in secrecy. Today, that secrecy has cost the American people a three trillion dollar debt, with annual interest payments to these bankers amounting to some three hundred billion dollars per year, sums which stagger the imagination, and which in themselves are ultimately unpayable. Officials of the Federal Reserve System routinely issue remonstrances to the public, much as the Hindu fakir pipes an insistent tune to the dazed cobra which sways its head before him, not to resolve the situation, but to prevent it from striking him.

Secrets of the Federal Reserve

[daminos]

Originally Posted by saganista

Repeating a falsehood -- even as many as a hundred times -- does not make it true.

So are you stating that The Federal Reserve System is a Government Agency? I am pretty sure that you would not state that. You would probably say that it is a system of private banks. Correct?

[ovcatto]

Now the only smart person that buys into this nonsense is the fellow who gets rubes to pay to hear is lectures.

Might you be so good as to point to a single non-governmental entity in which the entire governing structure is appointed by the President of the United States and confirmed by the Senate? Or could you perhaps point out a single private entity whose structure and operation can be amended by either Executive Order or an Act of Congress?

[old biddie]

Originally Posted by daminos

In an interview with Jim Lehrer, Alan Greenspan admits that the Federal Reserve is not a government agency. This should put to rest the deniers on this board who are willingly ignorant:

When asked by Jim Lehrer what should be the proper relationship between a chairman of the Fed and The President of the United States, Greenspan said:

This is true. The Fed is not a government agency. I learned that when I was in college.

[old biddie]

The Founding of the Fed - Federal Reserve Bank of New York

[ovcatto]

Originally Posted by old biddie

This is true. The Fed is not a government agency. I learned that when I was in college.

Then you need to get a refund on your tuition.


Greenspans quote as posted above:

"Well, first of all, the Federal Reserve is an independent agency [of whom pray tell ovc], and that means, basically, that there is no other agency of government [surely if the Fed were not an agency the sentence should have omitted "other"] which can overrule actions that we take. So long as that is in place and there is no evidence that the administration or the Congress or anybody else is requesting that we do things other than what we think is the appropriate thing, then what the relationships are don't, frankly, matter."

[daminos]

Might you be so good as to point to a single non-governmental entity in which the entire governing structure is appointed by the President of the United States and confirmed by the Senate?

Only the Board of Governers is appointed and approved. And that is pro forma at best. The President is told who to appoint and the Congress is bought and paid for. The management of the Regional Banks and ALL of the PRIVATE Member Banks are private entities the stockholders of which own stock in the Federal Reserve System. So you, and all others like you, conveniently gloss over the fact that THE SYSTEM IS A PRIVATE ORGANIZATION.

Originally Posted by ovcatto

could you perhaps point out a single private entity whose structure and operation can be amended by either Executive Order or an Act of Congress?

That is an easy one. Every single corporation chartered in the United States can have its Corporate charter revoked by either the President or the Congress, and, for that matter, the Supreme Court. So whatever argument you were trying to make is fallacious.

I sincerely hope that you are not a teacher or University Professor because I would hate to think that I am wasting more of my money sending my kids to school. And I hope you don't work for the Federal Reserve System because then Ben Bernanke isn't the only incompetent employee of the Federal Reserve System. My money is that you are just another one of the American sheep-le with a slave mentality.

I notice you're still incapable of answering my questions.

[58robbo]

As posted on a few threads, a bill has be tabled for congressional approval. if you believe the fed needs to be reigned in, contact your congressman and get them to support HR1207. then pass it on to everyone you know.

YouTube - Sen Sanders asks Bernanke to tell us where our money has gone and the Chairman refuses!!! (03.03.09)

[ATTC]

The Fed owes it's existence to an act of Congress, there are Congressional appointments on the BOD and there is reporting every year to Congress in subcommittee hearings.

This is enough for most to be convinced that it's Federal. But in reality it's the functions outside of this that reveal that it's true power really is in independent and private hands, that don't even have to pretend they care about the public good.

Congress and the President have no say in the day to day actions of the Fed, the ability to set monetary policy which is possibly the greatest power of all.

They can't have any say on the Fed's ability to lend money that's printed out of thin air on concessionary terms.