Which Central Banks are PRIVATE ???

G Edward Griffin - Creature From Jekyll Island A Second Look at the Federal Reserve

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Quote from lolatmadoffinve:

2 central banks are private. The US Federal reserve bank and the Bank of England. Both are large share holders of the Bank for International Settlements. More than 80% of the shareholders of the US federal reserve bank are private European entities which are unlisted.

ie. the US economy is owned by European private banking entities.
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You are CORRECT! :cool:

www.endthefed.us :cool:
 
Mr Griffin is claiming too much and he's doing a disservice to people by apparently pretending to have discovered the true nature of fractional reserve banking when it was exposed and explained by the Austrian School of Economics in proper terms previously.

He claims that the fiat system can't be cut dead,it would have to be phased out over 40 years.That's a mistake according to the Austrians,once the bust phase of the business cycle has ensued,inflation(increasing the money supply) should be cut as soon as possible before the total and absolute collapse of the currency.We'd have a short,horrendous time as the debts were liquidated but after that on a Gold/Bimetal standard things would be equitable and fair for all. IMO there's a great possibility Mr Griffin is a Government backed ploy(he's launched a campaign group that will potentially syphon people away from Ron Paul's 'campaign for liberty') to muddy the waters from people discovering an economic school of thought exists that is more correct about the nature of human action than any that is promoted by vested interests.When there's such big money involved you can be sure that those who stand to lose will fight.
 
Guys,

I have two more questions that you may be able to answer.

The federal reserve consists of 12 regional banks (each regional bank has different ownership structure - different owners, each bank is a separate legal entity).

1. If it is decided that FED must print $12 billion, then will the issuance of this money be split evenly between all regional banks ($1 billion each), or yet this issue is dealt with in other way?

2. If US government borrows money from the FED, i.e. $6 billion, then do all regional banks participate equally in such a syndicated loan ($0.5 billion each)?

Regards
 
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