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- Xref: sparky alt.conspiracy:14468 soc.culture.jewish:25850 alt.revisionism:971
- Path: sparky!uunet!olivea!sgigate!sgiblab!starnet!rburns
- From: rburns@StarConn.com (Randall J. Burns)
- Newsgroups: alt.conspiracy,soc.culture.jewish,alt.revisionism
- Subject: Re: Federal Reserve Bank and Jews
- Keywords: Clarification
- Message-ID: <1993Jan22.104145.2696@StarConn.com>
- Date: 22 Jan 93 10:41:45 GMT
- References: <1993Jan12.230503.25883@mi <1993Jan13.154811.2262@mnemosyne.cs.du.edu> <1993Jan13.213303.9252@midway.uchicago.edu>
- Organization: Starnet-Public Access UNIX--Los Altos, CA 415-949-3133
- Lines: 67
-
- In article <1993Jan13.213303.9252@midway.uchicago.edu> thf2@midway.uchicago.edu writes:
- >> >}1) It's false. The Federal Reserve is owned and fully controlled
- >> >} by the United States government.
- This is a blatant falsehood and misrepresentation.
- Check any book on finance and the federal reserve that explains in
- detail how the system works. I'd suggest
- Money Banking and the Economy by Thomas Mayer et al.
- WW Norton and Company.
-
- This was the text we used at U of Chicago in studying this issue.
- More precisely, the Federal Reserve has private shareholders,
- and more independence than any other government related agency
- (i.e. more so than many public utilities.)
- but
- 1) Many "professionals" have called private ownership an atavism
- and have called for full scale nationalization of the Federal
- reserve.
- 2) The formal structure of the federal reserve has consistently shitfed
- from starting essentially as a "bankers cooperative" to being
- something with more formal goverment control.
- 3) Even today, member banks have _very_ important rights within the
- control of the federal reserve. (i.e. 2/3 of the directors of the
- regional banks are elected by the member banks-only 1/3 are elected
- by the board of governors which is appointed by the president).
- 4) There is a very imporant _informal_ structure to the federal reserve-
- and any central bank. You rarely see dramatic changes in central
- banking administration(and when you do it almost always fails). Even
- formal nationalization of a central bank means little if all the same
- people are still running the show.
-
- For some non-racist arguments against central banking (and descriptions
- of how central banking can be misused see either)
- 1) The Occult Technology of Power(Loompanics Press).
- 2) Ludwig von Mises Institute publications(They are at Auburn
- University).
-
-
-
-
- d
- h
- "
-
-
-
- >> > Just for clarification, the Federal Reserve is a group of
- >> > privately owned banks, not part of the federal government.
- >>
- >> Okay, we have some apparent disagreement here. Which of you is
- >>correct? (Naturally I expect both of you to raise your hand and say "I'm
- >>right", therefore documentation would be good.)
- >
- >I'm right.
- >
- >You want documentation? Check the statutes that authorize all of the
- >powers of the Federal Reserve Banks, 12 USC ss341 et seq.
- >
- >Any power Federal Reserve Banks have is derived from these Acts
- >of Congress.
- >
- >Last I checked, Jews didn't control Congress, or the President, who
- >appoints governors to run the Federal Reserve.
- >--
- >ted frank | thf2@ellis.uchicago.edu
- >standard disclaimers | void where prohibited
- >the university of chicago law school, chicago, illinois 60637
- >never shout movie in a crowded firestation
-