All of the US central banks prior to the Federal Reserve were privately owned.

The Bank of North America.

The Bank of North America was a private bank first adopted on May 26, 1781, by the Continental Congress, and opened in Philadelphia on January 7, 1782.[1][2][3]

It was based upon a plan presented by US Superintendent of Finance Robert Morris on May 17, 1781[4] that created the Nation's first de facto central bank.[5]

First Bank of the United States.

While Hamilton's rebuttals were many and varied, chief among them were these two:

And the First Bank of the United States is privately owned and not a government agency, was a business.

Second Bank of the United States.

A private corporation with public duties, the bank handled all fiscal transactions for the U.S. Government, and was accountable to Congress and the U.S. Treasury.

Now we come to the elusive "Federal" "Reserve".

Federal Reserve Act.

The Federal Reserve Act created a system of private and public entities.

Federal Reserve.

Nationally chartered commercial banks are required to hold stock in, and can elect some of the board members of, the Federal Reserve Bank of their region.

The 3 banks which preceded the Federal Reserve, served as the model for the Federal Reserve, were private for profit banks.

G. Edward Griffin’s book, The Creature from Jekyll Island, meticulously documents the creation of the Federal Reserve.

The secrecy that went into its creation.

The intentionally deceptive name to present the illusion that the "Fed" was a government or quasi government agency.

The fact that the Federal Reserve is also a for profit private bank, just like its predecessors.

So, whats the debate?

Sure the "Fed" has injected its tentacles into almost every aspect of our financial system but it does not change the fact that the Fed is a for profit private bank which needs to be dissolved and systematically dismantled.

Another great documentary on central banking is Money Masters by William T. Still.

Griffin's book and this documentary should be required reading and viewing for every American, there would literally be a revolution tomorrow.

This is the entire documentary. It can also be found in parts.

a reply to: gladtobehere

Hi GTBH. Thanks for this thread.

Not sayin' this is true, nor untrue:
Think for yourselves, everyone.

What Really Happened: THE WRH BANKER ARTICLES.


Also: A thread of mine from last month: ATS: So has Iran gotten their BIS approuved central bank yet ?

Other than the great vid in the OP, there is a very interesting vid, posted on the 2nd page of that thread, by Good Glend, that sheds some light on all of these supposedly philanthropic foundations that are all around now.

Most people don't remember but when I was a kid they used to talk about tons and tons of gold in Fort Knox. Nowadays it's hush hush. I wonder what happened to the gold???????????

You have to love what Lincoln did during the civil war but he was assassinated because of it:

"(we) gave the people of this Republic the greatest blessing they have ever had – their own paper money to pay their own debts..."

The Treasury notes were printed with green ink on the back, so the people called them "Greenbacks".

Lincoln printed 400 million dollars worth of Greenbacks (the exact amount being $449,338,902), money that he delegated to be created, a debt-free and interest-free money to finance the War. It served as legal tender for all debts, public and private. He printed it, paid it to the soldiers, to the U.S. Civil Service employees, and bought supplies for war.

Shortly after that happened, The London Times printed the following: "If that mischievous financial policy, which had its origin in the North American Republic, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all coun­tries will go to North America. That govern­ment must be destroyed, or it will destroy every monarchy on the globe."

And "destroy" they did!

a reply to: Nothin

Stars and Flag for your efforts.

Love Michael Rivero, used to visit his site all the time.

Actually even called into his show once and spoke on the air, lol.

Another great video of his, not sure if youtube purged it, is about a radio intercept station in Hawaii which had foreknowledge of the Pearl Harbor attack.



a reply to: dfnj2015

Great info.

I think they actually cover this exact quote in Money Masters (video above).

a reply to: gladtobehere

Thanks. Hope you don't mind, but gave you F&S for this thread ? LoL !

Am thinking there are many whom read these threads, but don't comment.

My stack ?

originally posted by: gladtobehere
Sure the "Fed" has injected its tentacles into almost every aspect of our financial system but it does not change the fact that the Fed is a for profit private bank which needs to be dissolved and systematically dismantled.

Almost all of the profit, which isn't as significant as many think, goes back into the Treasury.

I watched 1.5 hrs of Money Masters 96 last night. Very fascinating video. The guy did a very good job on it and one thing of interest, there are a few quotes from Lincoln that prove beyond a shadow of a doubt that the civil war was not solely about freeing the slaves.

I took a Christmas bonus and bought 5 thousand dollars worth of stock in a new bank once. As luck would have it 8 years give or take it went belly up and I lost all. I personally believe the owners somehow scammed all the invester's out of their money. Who ever heard of a Bank gong belly up?

A lot of banks printed their own money too that could only be used at places that took the bills. locqally I think we had 3 banks that printer their own money. Look on Ebay for old local bills.

a reply to: AugustusMasonicus

We dont really know the truth.

The Fed is surrounded, masked, inundated with lies and deception.When we had a chance to find out more, Bernie Banker Sanders gutted the bill:

Ron Paul says Bernie Sanders 'sold out' on Fed amendment.

Bottom line being, we dont want/need a group of private individuals controlling our money, economy and way of life.




a reply to: Trucker1

That is frigging awesome.

Please come back and report once youre done.

Would really like to know your opinion.

Wonder how much the 6% dividend paid to member banks is worth every year ?

Or how much a share of stock is worth ?

👁️ 🎯 👁️

a reply to: gladtobehere

Their numbers are obfuscated, and beyond auditing.

Anyone trying to get a grasp on their numbers, gets lost in the obfuscation.

They issue and/or exchange, some $50-100 trillion in bonds per year: yet only make $20 billion in profits ?
Seriously ?
0,2, to 0,5% profits ?
Are they the worst managed financial institution ever in history,
or are the numbers just hidden, buried, shuffled, obfuscated ?


Well: they do hand-out 'dividends', more generously that that big-house gives-out the best Halloween candy...
This Is the Fed's Most Brazen and Least Known Handout to Private Banks.

The subsidy comes in the form of a 6 percent dividend, paid on stock that over 2,900 banks purchase to participate in the Federal Reserve system. Very few places where ordinary Americans park their money offer such a risk-free benefit. In 2012 (the last year with available data), the Fed gave away $1.637 billion in dividends to banks, tax-free in the majority of cases. And the Fed has been doing this for the last 100 years. It’s one of the many unknown ways the Fed extends special benefits to Wall Street.

...

The dividend is hardly the biggest benefit bestowed by the Federal Reserve on member banks. They get access to ultra-cheap loans through the discount window, various liquidity programs to ensure cash flow, and an array of services like check clearing, wire transfers, servicing of savings bonds, physical inventory of currency, and more. The Congressionally-approved TARP program was a drop in the ocean compared to the support the Fed gave banks during the financial crisis. Since 2008, banks have even received interest on their excess cash reserves, to the tune of close to $5 billion a year, without taking any risk.

Again: what we are able to glimpse, might not be the whole story, right ?
Have they been audited in the last 25 years ?
Could we trust the results of an audit anyways ?

Similar problems here in Canuckistan.