4 ms·
Because we understand that this is a ridiculous conspiracy theory, and also (apropos of nothing) "multinational" isn't a dirty word? Hint: one of OP's sources
by shaki-dora 8y ago
Because we understand that this is a ridiculous conspiracy theory, and also (apropos of nothing) "multinational" isn't a dirty word?
Hint: one of OP's sources is Glenn Beck. Also Rant Paul.
- edoo 8y agoThe federal reserve banks are privately owned by multinationals. A conspiracy theory is not yet proven. This is simple fact. The question isn't IF that is happening. It is why do we allow it.
- matt4077 8y agoYou could easily disprove this yourself. Just check https://en.wikipedia.org/wiki/Federal_Reserve#Legal_status_of_regional_Federal_Reserve_Banks https://en.wikipedia.org/wiki/Federal_Reserve#Legal_status_o... > However, holding stock in a Federal Reserve bank is not like owning stock in a publicly traded company. These stocks cannot be sold or traded, and member banks do not control the Federal Reserve Bank as a result of owning this stock. > the "ownership" of the Reserve Banks by the commercial banks is symbolic; they do not exercise the proprietary control associated with the concept of ownership nor share, beyond the statutory dividend, in Reserve Bank "profits."
- edoo 8y agoYour own link backs me up: "The Reserve Banks are not federal instrumentalities for purposes of the FTCA [the Federal Tort Claims Act], but are independent, privately owned and locally controlled corporations." The question is why are private banks allowed to profit on public debt. There is no good reason for it if you dig into it unless you are on the profiting side.
- shaki-dora 8y agoBuy some Treasury Bonds, and you're also privately profiting from public debt. that's how it works. You need someone to take the other side to have any debt, and there is only one government. Other than that: you have wilfully ignored the quotes, in what is obviously a bad faith attempt at trolling.
- edoo 8y agoI don't get to create money out of thin air and hand it to the same group that owns the Fed. It goes well beyond your simple understanding.
- dang 8y agoPersonal attacks will get you banned here. Please post civilly and substantively, or not at all. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- dang 8y agoPlease don't cross into incivility, regardless of how bad you think other comments are. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html