String of Theories » bank http://blog.stringoftheories.com snuffleupagus in pictures Sun, 11 Dec 2011 02:12:39 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 federal reserve system is a private bank http://blog.stringoftheories.com/2009/02/18/federal-reserve-system-is-a-private-bank/ http://blog.stringoftheories.com/2009/02/18/federal-reserve-system-is-a-private-bank/#comments Wed, 18 Feb 2009 16:39:26 +0000 Peter Owen http://blog.stringoftheories.com/?p=922 federal_reserveSo I find this whole conversation a bit unnerving. It makes me want to look more into it. It is a bit ridiculous to think that creating money out of thin air will never catch up with you. Eventually people will realize that everyone who owes debt cannot pay back the amount owed. Not to mention as a country we are borrowing money from a private bank… how do I get in on that action? Ron Paul knows all about this as well. There was a documentary made about it called America: Freedom to Facism Directed by Aaron Russo. It’s a very interesting watch.

CALLER – Is the Federal Reserve a Corporation?

MR. SUPINSKI – Yes CALLER – Does my government own any of the stock in the Federal Reserve?

MR. SUPINSKI – No, it is owned by the member banks.

CALLER – Are the member banks private corporations?

MR. SUPINSKI – Yes CALLER – Are Federal Reserve Notes backed by anything?

MR. SUPINSKI -Yes, by the assets of the Federal Reserve but, primarily by the power of congress to lay tax on the people.

via The Federal Reserve System is a Private Bank.

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