Post
Topic
Board Economics
Re: Is it true that the Fed is privately owned
by
Alpaca John
on 18/05/2013, 17:46:10 UTC
No.

This is a silly thread.

Actually, this is a brilliant thread. Thanks to this thread I have come to realise what I think is the error in the thinking of a lot of AnCap's and Libertarians.

Those guys seem to think that the Fed is owned by the government, hence the government is fucking us over.

The reality however, much like I have stated on the first page of this thread, is that it's more like the other way around. The government does not *really* own the Fed, because the government is itself owned by private banks.

It's the private banks that own the fed directly.
It's the private banks that own the fed indirectly through regional fed's.
And it's the private banks that own the fed indirectly through the government.

It might be the government that is the wizard of oz, but it's the private banks that are behind the curtain.

It's the private banks they should really be after.