How can we buy shares of the Fed ?

Quote from krazykarl:

I would love to see evidence that the Fed is a for-profit organization. Where are you getting these profit numbers from? Link please, else stop making data up. You're starting to sound like you need a tin-foil hat to keep the FM radio waves from controlling your mind...

And reread my post - the shareholders are not the NPOs.

"As the nation's central bank, the Federal Reserve derives its authority from the U.S. Congress. It is considered an independent central bank because its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government, it does not receive funding appropriated by Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. However, the Federal Reserve is subject to oversight by Congress, which periodically reviews its activities and can alter its responsibilities by statute. Also, the Federal Reserve must work within the framework of the overall objectives of economic and financial policy established by the government. Therefore, the Federal Reserve can be more accurately described as "independent within the government."

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. 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. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.


...After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury. "

If you have a problem with the Fed, call your damn congressperson and quit bitching.
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you're the biggest clown on this forum. The Fed is the only body that isn't even audited.

little monkeys believe in anything he finds he can copy and paste.

to the OP you can't. also note most wars have been over control of currency and inflation (print of money not price rise as fed into econ101 classes now days!)
 
Yeah, exactly gaining the Income Stream is a great think... but it's only the cheery at the top of the cake...

Being the master of the interests is way more efficenter to gain wealth...

Let me explain you the great process of it ( All is from the documentary Money Master, it's like the Death Star plan in Starwars... )...

So 1st put low interrest... Let smart entrepreneur build their company... ( easy low cost of money... ), Idea are free...

Step 2 : Raise interest slowly, pretexting some excuses... ( raising the price of borrowing... ) However it has do be done in great sync... You don't want to let the business owner to Autofinance... So you raise... As the cost of borrowing explode, the entrepreneur is now in the phase of scaling... His company has to reach the national and even the Global market place... ( that the stage were it will need the most money to quickly etablish his company leadership... ) However if at this moment the interrest rates rise...
the guy will not be able to continue his expension...

Step 3 As a member of the Gang you can easly take his idea or company... introduce it at the global stage and try to fuck him... It's called War... and War isn't allowed in the marketplace...

Step 4 Rince and repeat...

It's great process... in theory... However it deprives the real talent from the help they need to make their idea succesfull... And furthermore, make it evolve like they dreamed it...

And remember the Arena of the Market is Ownerships... And only free Entity can own...
 
Google hit :

TITLE 12 > CHAPTER 3 > SUBCHAPTER VI > § 283Prev | Next § 283. Public subscription to capital stock
How Current is This? No individual, copartnership, or corporation other than a member bank of its district shall be permitted to subscribe for or to hold at any time more than $25,000 par value of stock in any Federal reserve bank. Such stock shall be known as public stock and may be transferred on the books of the Federal reserve bank by the chairman of the board of directors of such bank.


http://www.law.cornell.edu/uscode/html/uscode12/usc_sec_12_00000283----000-.html

I am pretty sure it's not today dollars... And is it still a Law ?
 
So as an Individual I can still get a Share Fed ? I just have to open my own bank, to store my own money, and I can get a share :confused:

So how many shares are they in the Wild ?
 
And now I see why a lot of banks had to go in foreclosure recently... To concentrate the share pool :D

Less share = More Stream + More Power to decide the interrest...
 
Quote from achilles28:

6% a year in dividends is a FOR-PROFIT SYSTEM. DUH!! What do you suppose the actual yield on that 6% dividend is ?


You mean this post?

Those Shares really do pay out a Hard Money Dividend.

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That wouldn't make sense though - banks already benefit from low-cost money that they can use and multiply. That already is a huge windfall. Why would some banks also get dividend money?

"...After paying its expenses, the Federal Reserve turns the rest of its earnings over to the U.S. Treasury. "

Are you saying part of the "expenses" are dividend payouts? That's like saying the Fed is a shell company, sending $ out the back door and then showing it has no profits.
 
You're just uneducated. The dividends are not profits - they are the cost to underwrite the ownership of the shares. NPOs have stock too, did you know that? That 6% is on money the member bank paid over to the Fed for fucks sake!!! It's so inconsequential yet you are harping on it. You should be pissed at the cheap rate member banks get from the discount window, not 6% of some novel amount of money when they make xxxx% hundreds of other ways.


I can tell you've never started a legal entity before by the incorrect assumptions you've made. I'll just leave it at that.




Quote from achilles28:

6% a year in dividends is a FOR-PROFIT SYSTEM. DUH!! Plus appointment control over Fed Boards. And that's not audited by the GAO. Mind you, the FED owns >50% of the national debt that accrues some ~350 Billion a year in interest @ ~1-3% rates. What do you suppose the actual yield on that 6% dividend is ?




You mean this post?



Either way, you're wrong. You pass off conjecture and opinion as (baseless) fact.

Private Commercial Banks really own direct shares in the Fed System. Those Shares really do pay out a Hard Money Dividend. And those shareholders really do get majority appointment control over each of the 12 Fed Boards. Which means they - as in Private FOR-PROFIT Banks - really control the Federal Reserve, dipshit.

Presidential Appointment and Confirmation of the Chairman is really just window dressing so doe-eyed rubes (like you) can think there's a Chinese Wall between your money and the greedy Wallstreet Fucks that just raped you for 7 Trillion. Oh yea. You're a sharp one.
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Quote from Batman28:

you're the biggest clown on this forum. The Fed is the only body that isn't even audited.

little monkeys believe in anything he finds he can copy and paste.

to the OP you can't. also note most wars have been over control of currency and inflation (print of money not price rise as fed into econ101 classes now days!)
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why, because I'm not a bull or a bear? because I'm not a liberal or a conservative? Or is it worse: because I trade what I see and learn from my mistakes? Would I be less of a "clown" in your eyes if I grabbed my torch and pitch-fork and joined you on your march to hang wall st, banks, the fed, the government, CEOs and anything else you don't like? Give me a break....

I'd rather believe things I've learned over time then what I read in the media, which is obviously where you get your information.
 
Quote from krazykarl:

why, because I'm not a bull or a bear? because I'm not a liberal or a conservative? Or is it worse: because I trade what I see and learn from my mistakes? Would I be less of a "clown" in your eyes if I grabbed my torch and pitch-fork and joined you on your march to hang wall st, banks, the fed, the government, CEOs and anything else you don't like? Give me a break....

I'd rather believe things I've learned over time then what I read in the media, which is obviously where you get your information.
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Dear krazykarl,

Thank you ! When I read this message, I can read that the America that I love is still there !

To the ones with their torch, I hope, that they stopped just one second to think about the Golden Rules and the PEACE concept... I know it's hard for them when they are inside the march with all the sound and excitement... However if they are really looking for the truth it will be easy...

On personnal note, I hope that I will too be able to trade doing what you do...
 
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