Quote:
Originally Posted by nivosh
Hi.
In the movies I saw (money masters, money as debt and so on)
they state that the federal reserve is a private bank and that it LOANS the money the the US government for interest.
But When i poke around the net (wikipedia and so on)
I see a different picture as in this link: http://answers.yahoo.com/question/in...1142045AAjANMu
and here: http://answers.yahoo.com/question/in...0184739AAM5DCc
So, Whats the truth?
Can someone with real economic background can answer about the claims in the movies? and give links to support it?
thanks |
Even the congress and senate talk of it being a "quasi" private bank. It enjoys the secrecy of a private corporation with no transparency....and all the benefits of a govt agency. There is a lot of heat on them from Congress and the senate for an audit....we the people of the US want to know where our money goes and Bernake (head fed) says it's really none of our business.....Wrong Answer ..... The best analogy I have ever heard is the the Federal Reserve is no more part of the government than Federal Express.
It's the biggest scam of the century......times up though.
I hope this helps.