Who owns the Federal Reserve?

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2008-12-10 16:51

Frank K
Colorado Springs, CO

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Most Americans think that the Federal Reserve is a government institution. It is not. Ellen Brown, author of Web of Debt, addresses this question below in this Global Research website.

The Fed is privately owned. Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.

The fact that the Fed does not get "appropriations" from Congress basically means that it gets its money from Congress without congressional approval, by engaging in "open market operations."

The Fed generates profits for its shareholders.

Hard to accept? Confusing? Read more at the above website..

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