🚀 go-pugleaf

"Tom P" <nospam@nospam.com> wrote in message 
news:vrbRi.19034$UN.2765@newsfe24.lga...
>
> I thought you knew something but all you are doing is naval gazing.

And you proceed top prove you know nothing about the subject.

> The origional post pointed out that the Federal Reserve is privately owned

The Federal Reserve is not privately owned. Never was, is not now, nor will 
it ev er be.

> and the owners of that organization is responsible for the economic 
> welfare of the country. That is a scary thought to think that the US 
> economy is guided by those individuals. Whatever happened to "We the 
> people"?

Let me ask you a simple question.

I come to you and ask you to invest in a new company called "A". But you can 
only buy stock, in a quantity and at a price I set. And if you ever want to 
sell that stock, you have to sell it back only to me at the same price you 
paid for it. Not a penny more, not a penny less. No one else can buy that 
stock from you no matter how much they might be willing to pay.

By buying this stock, you are now allowed to conduct a specified type of 
business, and unless you buy this stock you cannot indulge in that business. 
In addition, you get to vote on who the Directors of Company "A" are.
Unlike Directors of other companies, Company "A" are only able to act in 
accordance with the Decisions, and rules set down by a Board, I appoint with 
no input from you and your fellow stockholders.

Like most Companies, your Directors can, assuming "A" operates at a profit, 
declare or not declare a dividend payable to you the stockholders. But if 
they do, it can never exceed a sum equal to 6% of the value of your stock no 
matter how profitable the company may have been that year. And any profit 
they don't need to keep to operate the business they must pay to me EVEN IF 
THEY DID NOT PAY YOU A PENNY.

1) Would you make the investment?
2) Would you consider yourself to really be an owner of this company whose 
stock you own?
3) Who do you think really owns Company "A"

The scary part is not that the Federal Reserve System has a lot to say in 
what happens to the economy of this country, but that morons like you have 
no clue what the Fed is, how it operates, or who ultimately owns and 
controls it . Yet, despite this total lack of functional knowledge, you spew 
moronic nonsense as if it were fact.