patrick.net

It has been called a privately held corporation by its detractors so often that people believe this without doing any due diligence on their own.

The Federal Reserve has no articles of incorporation, no shareholders, no shareholder meetings, and does not file taxes in any jurisdiction.

It is part of the Federal Government not a private entity.

I am certain that I will get many negative comments on this post, but I doubt anyone will be able to point to any tax filings made by the Federal Reserve.

HunterTits says

Federal Reserve is what the call a 'quasi government agency'. Technically, it is a privately held corporation chartered by Congress.

What the Federal Reserve actually is, is our government. They create money at will, and are not audited. They can purchase anything, from lowly assassinations to wars.

Woodrow Wilson was the greatest traitor this nation has ever encountered, he allowed them to come into existence, again. We fought 2 previous wars to rid ourselves of the central bank.

Not been paying attention to Ron Paul are you? He's 100% correct on this issue.

The Fed can be audited and abolished. But of course the globalists can’t have that, because the Fed is one of the tools they use to control us.

"Federal Fiat Currency Babylonian Debt Slavers With No Reserves Whatsoever" or "Your Royal European Bank Masters Highnesses".

We don't need the Federal Reserve. As Milton Friedman once suggested, we can simply print money based on GDP/population growth using a formula and set it on autopilot.

Central banks are part of the gov in every country. Logically it sounds like private to confuse not so smart but technically it’s the part of the government.

https://dossier.substack.com/p/if-you-want-to-fix-the-economy-separate

America’s money is broken. The U.S. dollar has become nothing more than a tool to maintain the status of our ruling elite, at the expense of billions of families worldwide.

From a logical, objective perspective, there is no justification for the current status quo. Why does the unconstitutional Federal Reserve get to manipulate the money? Where is the accountability in this process?

It’s completely insane that politicians and shadowy, opaque actors at the Federal Reserve have control over the U.S. economy. If you’re trained in even the most basic frameworks of free market economics, you can easily understand the obvious economic and ethical shortcomings of a system that is micromanaged by very imperfect humans, rather than the forces of a free market.

Silver by weight has worked throughout history. Even the word "money" is really just the word for silver in many languages, like Irish and French.

A British pound used to be literally a pound of silver. A pound of silver is now worth $320, but the British pound is worth $1.20. The rest was stolen from the public.

What is the meaning of the federal income tax being introduced in the same year (1913) as the Federal Reserve?

Patrick says

Silver by weight has worked throughout history. Even the word "money" is really just the word for silver in many languages, like Irish and French.

A British pound used to be literally a pound of silver. A pound of silver is now worth $320, but the British pound is worth $1.20. The rest was stolen from the public.

Silver is plentiful enough to resist cornering, it's why the wealthy hate it and want either gold or fiat, both of which they can control.

In the Gold Standard days, the Wealthy controlled the Gold and issued IOU's and Banknotes while they hoarded locked away the actual physical gold

PeopleUnited says

The Fed can be audited and abolished. But of course the globalists can’t have that, because the Fed is one of the tools they use to control us.

The Fed is the ONLY tool they use to control us.

Patrick says

What is the meaning of the federal income tax being introduced in the same year (1913) as the Federal Reserve?

Are you seriously asking?

Federal Income tax is used to pay interest on the debt.

richwicks says

Federal Income tax is used to pay interest on the debt.

They (the Federal Reserve) make money out of thin air and loan it to the banks at low interest. so the money must be repaid with interest but there is only the money, not the interest.

When money was real, the only way to increase the money supply was to mine more of it.

Onvacation says

richwicks says

Federal Income tax is used to pay interest on the debt.

They (the Federal Reserve) make money out of thin air and loan it to the banks at low interest. so the money must be repaid with interest but there is only the money, not the interest.

When money was real, the only way to increase the money supply was to mine more of it.

The reason that inflation was set as a goal to be 2% when the Federal Reserve was formed, is that SUPPOSEDLY that was the percentage of gold mined every year.

The Fed is our real rulers, and I KNOW people think that's crazy, but it's the damned truth, and I'm tired of being expected to lie. You spend years looking into this shit, you hear it explained to you in excruciating detail, and some dummy who has spent no effort to ever think, and has never investigated it a bit, thinks you're crazy.

@Onvacation - BTW - do you teach the Rust programming language? Somebody convinced me to get into it, it's really not terrible which I can't say about many languages.

richwicks says

The Fed is our real rulers

I agree. A monopoly on money is really control over everything.

Permit me to issue and control the money of a nation, and I care not who makes its laws!

Attributed to Mayer Amschel Rothschild (1744–1812). No primary source for this is known and the earliest attribution to him known is 1935 (Money Creators, Gertrude M. Coogan). Before that, "Let us control the money of a nation, and we care not who makes its laws" was said to be a "maxim" of the House of Rothschilds, or, even more vaguely, of the "money lenders of the Old World". This is a play on an English proverb, Let me make the songs of a nation, and I care not who makes its laws.

Right now the Fed balance sheet shows $8.9 trillion. It peaked about $90 million more than that as the Fed has reduced its balance sheet by $90 million due to quantitative tightening (QT).

That balance sheet was at $1 trillion in 2007.

At the end of Obama's presidency, it was $4.5 trillion, and $3.8 trillion in early 2020.

From what I’ve read and heard, for every 1% increase in the 30 year mortgage rate, there is a 10% drop in price.

The Fed Funds rate sits around 2.5% and from what I’ve observed, the 30 year mortgage rate historically is about 2% greater than the Fed Funds rate. It peaked between 2009 to 2022 to about 2.75% back in 2018.

The mortgage rate spiked for various reasons such as mortgage demand, etc.

The Federal Reserve likely wants to continue to increase the Fed Funds rate to at least 5% in order to generate enough margin to lower the rate when necessary, without going back to zero interest rate policy (ZIRP) like 2009 to 2016.

I just hope they can pull that off without the economy crashing and I hope the economy cannot sustain itself without ZIRP and quantitative easing.

If that is not the case, then I have some serious reservations about the quality and strength of the economy.

Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve. It didn’t work out to well for either of them.

RandalRay says

Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve. It didn’t work out to well for either of them.

Are you sure. I think Fed is created in 1913 whereas Lincoln died in 1865.

RandalRay says

Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve. It didn’t work out to well for either of them.

If I can find it, I'll give you a different take on Lincoln. Basically, he was not the great liberator, the civil war really had nothing to do with slavery, and he was extremely corrupt.

Don’t get obsessed about FED for being public or “private”. All central banks are doing the same that creating money out of thin air. For many countries, this process hurts respective country. In case of fed, both us and many countries get affected as they use us$

RandalRay says

Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve. It didn’t work out to well for either of them.

https://www.simonandschuster.com/books/The-Suppressed-History-of-American-Banking/Xaviant-Haze/9781591432333

The Suppressed History of American Banking
How Big Banks Fought Jackson, Killed Lincoln, and Caused the Civil War
By Xaviant Haze

richwicks says

Lincoln. Basically, he was not the great liberator, the civil war really had nothing to do with slavery, and he was extremely corrupt.

I'd like to see that evidence.

I know Lincoln did not care much for the negros, but I did not know about his corruption.

Onvacation says

I know Lincoln did not care much for the negros,

Maybe hid did not "like" Negros, but he did not like slavery either. The charter of the Republican Party, which formed in 1850 and Lincoln led, had in it written explicitly that a main platform was the abolition of slavery.

HeadSet says

Maybe hid did not "like" Negros, but he did not like slavery either. The charter of the Republican Party, which formed in 1850 and Lincoln led, had in it written explicitly that a main platform was the abolition of slavery.

Exactly. The reason we don't have the Whigs anymore is all but wholly because of Slavery. On almost every other issue, Whiggery and Republicanism were in concord.

richwicks says

@Onvacation - BTW - do you teach the Rust programming language? Somebody convinced me to get into it, it's really not terrible which I can't say about many languages.

I picked it up recently. To me if programming languages were people Rust would be the autistic kid.

just_passing_through says

richwicks says

@Onvacation - BTW - do you teach the Rust programming language? Somebody convinced me to get into it, it's really not terrible which I can't say about many languages.

I picked it up recently. To me if programming languages were people Rust would be the autistic kid.

I'm picking up now. It seems to be extremely portable and platform independent (so far). It's nice that is has a build system included with the language itself. I've not gotten too far into it yet, but it's a lot less tedious than C so far. https://www.redox-os.org/ seems (mildly) interesting as well. Bringing a new operating system into the world is very challenging today but I think there's room for one, if it can be much smaller than Linux and more easily ported. It runs on a microkernel, which adds overhead but pffft, I don't know if that matters so much today. Everything runs in userspace, including the drivers.

The compiler error messages are well done.

Onvacation says

I'd like to see that evidence.

Here's a quick introduction to it, start at 13 minutes in:


original link

Ignore the crazy graphics and just listen.

HeadSet says

Maybe hid did not "like" Negros, but he did not like slavery either.

Lincoln's objection to slavery centered quite a bit around the idea that black people shouldn't live among white people, and he was worried about the dilution of the white race. Basically, he wanted them out of the country.

https://rudy.substack.com/p/pimco-is-a-literal-vampire-potbelly

All you have to do to suck up all the money in the world is to get tipped off by the Fed about coming rate increases or decreases.

The bond market is far larger than the stock market, and the bond market moves pretty mechanically in response to interest rate changes.

HunterTits says

Federal Reserve is what the call a 'quasi government agency'.

It is completely private, owned by foreign interests.

Misc says

but I doubt anyone will be able to point to any tax filings made by the Federal Reserve.

Of course not, the IRS didn't exist until after the current central bank was created. They are the collection and enforcement arm. Ohh, you assumed the IRS was a legitimate government agency...

Blue says

Central banks are part of the gov in every country.

Yes and the only certainty is death and taxes. The only investments are dollar denominated assets, you cannot run an economy using gold and silver, the more Federal Reserve notes we have, the richer we are(regardless of prices). You're masters have taught you well.

RandalRay says

Abraham Lincoln and John F Kennedy both tried to end the Federal Reserve.

Lincoln used worthless fiat to finance his war. That is the essential function of central banks. Worse, he moved power from the states to the federal government, further cementing central bank power.

Kennedy had no intention of ending the Fed. I used to think the same thing, but his silver act was actually in the Fed's best interests. See Corbett for a thorough explanation.

ad says

How Big Banks Fought Jackson, Killed Lincoln, and Caused the Civil War

Jackson assassination attempt is real, last man to revoke a central bank charter. Lincoln assassination does appear to be more than just pissed of Southerner's, Booth had some interesting ties.

HeadSet says

Maybe hid did not "like" Negros, but he did not like slavery either. The charter of the Republican Party, which formed in 1850 and Lincoln led, had in it written explicitly that a main platform was the abolition of slavery.

Lincoln has been quoted in multiple speeches saying he did not give a shit about ending slavery, only about preserving the Union. Slavery is the tale that was sold to cover the massive breach of the Constitution when secession was not allowed. It was also used to try and make Southerner's forget about Reconstruction. It failed. The south adamantly hates central government, and always will.

Slavery has existed for thousands of years, but only a hundred in the US. It still exists in Africa today. Only racists buy the slavery angle to the Civil War.

https://gettr.com/post/p1lxow70b3d

Steve Bannon: The Federal Reserve Is the Biggest Scam They Have

"0.5% of the citizens of this country own more assets than the bottom 90%. That's all happened over the last ten years since 2008."

"We don't need to audit the Fed; we need to end the Federal Reserve! The Federal Reserve has usurped its power and the power of the American people and our elected representatives. And no, they do not have the consent of the governed. We will not comply, we will not submit, and it must be ended."

The reason Ron Paul always pushed for an audit, the results would lead to it's abolishment.