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CIAGypsy
The Rothschild family does not own the Federal Reserve. No family OWNS the Federal Reserve. Perhaps you don't realize how the Federal Reserve is structured or operates.
In the current system, private banks are for-profit businesses but government regulation places restrictions on what they can do. The Federal Reserve System is a part of government that regulates the private banks. The balance between privatization and government involvement is also seen in the structure of the system. Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate. The private banks give input to the government officials about their economic situation and these government officials use this input in Federal Reserve policy decisions. In the end, private banking businesses are able to run a profitable business while the U.S. government, through the Federal Reserve System, oversees and regulates the activities of the private banks.
It is a compromise and combination between public/government oversight and private/for-profit business.
buster2010
CIAGypsy
The Rothschild family does not own the Federal Reserve. No family OWNS the Federal Reserve. Perhaps you don't realize how the Federal Reserve is structured or operates.
In the current system, private banks are for-profit businesses but government regulation places restrictions on what they can do. The Federal Reserve System is a part of government that regulates the private banks. The balance between privatization and government involvement is also seen in the structure of the system. Private banks elect members of the board of directors at their regional Federal Reserve Bank while the members of the Board of Governors are selected by the President of the United States and confirmed by the Senate. The private banks give input to the government officials about their economic situation and these government officials use this input in Federal Reserve policy decisions. In the end, private banking businesses are able to run a profitable business while the U.S. government, through the Federal Reserve System, oversees and regulates the activities of the private banks.
It is a compromise and combination between public/government oversight and private/for-profit business.
Sorry but the Fed is in no way public and it certainly not controlled by the government. It is owned by private individuals most of whom are not even American.