🚀 go-pugleaf

On Oct 16, 9:14 pm, "Paul Maffia" <pmaf...@centurytel.net> wrote:
> Ah, the moron comes back with a Wikipedia cite."Tom P" <nos...@nospam.com> wrote in message
>
> news:IpeRi.9838$BT5.8208@newsfe18.lga...
>
>
>
> > Paul Maffia wrote:
> >> "Tom P" <nos...@nospam.com> wrote in message
> >>news:vrbRi.19034$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.
>
> >  The Federal Reserve System, created in 1913, is a private banking system
> > composed of (1) the presidentially-appointed Board of Governors of the
> > Federal Reserve System in Washington, D.C.; (2) the Federal Open Market
> > Committee; (3) 12 regional Federal Reserve Banks located in major cities
> > throughout the nation acting as fiscal agents for the U.S. Treasury, each
> > with its own nine-member board of directors; (4) numerous private U.S.
> > member banks, which subscribe to required amounts of non-transferable
> > stock in their regional Federal Reserve Banks; and (5) various advisory
> > councils.
>
> >http://en.wikipedia.org/wiki/Federal_Reserve_System
>
> Unfortunately, wikipedia is incorrect when it says, "...   is a private
> banking system ... ."
> To be accurate it should have said that the System is a quasi Government and
> quasi private banking system. That means it is a combination of both. Read
> the law, moron!
>
Quasi-government means "private" business with a "public" purpose.
The FE Banks are privately owned.
The government owns "stock" in the FED.

> Of course, since you have no functional knowledge of The Fed, you have no
> basis to judge if the wikipedia article is correct or not.
>
Wiki is a joke.
Easily changed and proven to have been mnipulated by the CIA amoung
others.

> I notice you did not bother to  read what I wrote below and answer the
> questions. Of course, if you could read and understand English and had
> actually understood what I wrote you would not sit on your ass a cite a
> source that makes an incorrect statement.
>
> You are a moron!
>
> >>> 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.

And YOU haven't proven that it operates OTHERWISE.
Why are you such a FED Bootlicker?
Are you happy to see America sold into debt SLAVERY?
http://www.strike-the-root.com/4/smith/smith5.html
http://www.loan9.net/20010045.html
And why do they alway want to kill people who expose their Ponzi
scheme?
http://www.apfn.net/Doc-100_bankruptcy28.htm