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This is the best explanation I've ever seen of how the Fed and US Dollar money printing actually works: https://www.youtube.com/watch?v=iFDe5kUUyT0 https://www

This is the best explanation I've ever seen of how the Fed and US Dollar money printing actually works: https://www.youtube.com/watch?v=iFDe5kUUyT0 https://www.youtube.com/watch?v=iFDe5kUUyT0 Most people also don't realize that the Fed, which buys Treasury's drawn on a bank account with $0 in it, is privately owned - and distributes dividends to its private shareholders holders (who are not disclosed).

Hello71 7y ago
this seems like a fed conspiracy theory video, a la freemen on the land OPCA arguments.
- hosteur 7y ago
  Do you have any arguments about what is actually being said in the video?
IAmGraydon 7y ago
The Fed is not privately owned. Directly from the Federal Reserve’s website: Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund. https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm
- radford-neal 7y ago
  "not operated for profit" and "dividend payments" seem to be contradictory. The question would seem to be how the amount of dividend payments gets set.

Hello71 7y ago

this seems like a fed conspiracy theory video, a la freemen on the land OPCA arguments.

hosteur 7y ago
Do you have any arguments about what is actually being said in the video?

IAmGraydon 7y ago

The Fed is not privately owned. Directly from the Federal Reserve’s website: Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund. https://www.federalreserve.gov/faqs/about_14986.htm https://www.federalreserve.gov/faqs/about_14986.htm

radford-neal 7y ago
"not operated for profit" and "dividend payments" seem to be contradictory. The question would seem to be how the amount of dividend payments gets set.