Testosterone boy said:
I'm trying to find that pic in greater detail. Pretty cool.
I always wonder about the ownership of federalreserve when I contemplate that organization.
You will never find out who the true owners are because of a privacy clause in the Federal Reserve Act of 1913 (also known as the Owen-Glass Act), or more specifically:
Act of December 23, 1913, ch. 6, 38 Stat. 251, codified in part at Chapter 3 of title 12 of the United States Code, 12 U.S.C. § 221 et seq.
The full text of the act can be found here:
http://www.federalreserve.gov/generalinfo/fract/
It has been demonstrated in court that the Federal Reserve is indeed privately owned:
The court case: Lewis v. United States, 680 F.2d 1239 (9th Cir. 1982)
The official case document can be found here:
http://www.supremelaw.org/decs/lewis/
For more (very) general info on the Federal Reserve:
http://en.wikipedia.org/wiki/Federal_Reserve_System
The Federal Reserve claims that nobody owns it – that it is an "independent entity within the government." The Federal Reserve is subject to laws such as the Freedom of Information Act and the Privacy Act which cover Federal agencies but not private corporations; yet Congress gave the Federal Reserve the autonomy to carry out its responsibilities insulated from political pressure. Each of the Fed's three parts – the Board of Governors, the regional Reserve banks, and the Federal Open Market Committee – operates independently of the federal government to carry out the Fed's core responsibilities. Once a member of the Board of Governors is appointed, he or she can be as independent as a U.S. Supreme Court judge, though the term is shorter. 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 the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms. (The Fed's financial independence arises because it is hugely profitable due to its ownership of government bonds. (It gives the government billions of dollars each year.) However, the Federal Reserve is subject to oversight by the 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.
The only statements of ownership made by the Federal Reserve Board is an allusion to the twelve Federal district banks. This circle puts us back at the beginning, for no information is provided regarding the ownership of the twelve Federal district banks. However, a 1976 government study commissioned by the Federal Reserve Directors revealed the following:
OWNERSHIP OF THE FEDERAL RESERVE:
"Ownership" charts can be found here:
http://land.netonecom.net/tlp/ref/federal_reserve.shtml
Chart 1 Source: ** Federal Reserve Directors: A Study of Corporate and Banking Influence ** - - Published 1976
Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn, Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.
In reality, there is only a small but powerful group of individuals who own significant shares in these banks. This gives them ownership of the Fed through their ownership of the banks that have shares in the Fed (the Fed’s shares are not publicly traded but are sold only to member banks).
Originally, there were reportedly 203,053 shares of privately owned Federal Reserve stock, of which approximately 65% were owned by foreigners and approximately 35%(72,000 shares) were:
1. Rockefellers' National City Bank = 30,000 shares
2. Chase National = 6,000 shares (currently Chase Manhattan and owned by
David Rockefeller)
3. The National Bank of Commerce = 21,000 shares (now known as Morgan
Guaranty Trust)
4. Morgans' First national Bank = 15,000 shares
Interestingly, the total shares owned by Rockefellers interests equal
36,000 shares and the total of Morgans' equals 36,000 shares.
Although the Federal Reserve Act of 1913 provided the names of the owner banks be kept a secret, R.E. McMaster, publisher of the
newsletter" The Reaper" discovered, through confidential Swiss banking
connections, that the following banks have controlling interest in the
privately owned Federal Reserve
1. Rothschild Banks of London and Berlin
2. Lazard Brothers Bank of Paris
3. Israel Moses Sieff Banks of Italy
4. Warburg Bank of Hamburg, Germany and Amsterdam
5. Kuhn Loeb Bank of New York
6. Lehman Brothers Bank of New York
7. Goldman Sachs Bank of New York
8. Chase Manhattan Bank of New York (Controlled By Rockefellers)
This ownership combination has been challenged by the Federal Reserve Bank, but a study of Standards and Poors will verify the ownerships. This means that the controlling interest of our national monetary system is foreign.
In his impeccably researched book "Secrets of the Privately Owned Federal
Reserve", Eustace Mullins states: "Because the privately owned Federal
Reserve Bank of New York sets interest rates and controls the daily supply
of price of currency throughout America, the owners of that bank are the
real directors of that whole system. These shareholders have controlled our
political and economic destinies since 1913." Those shareholders making up
Mullins' list are almost identical to the one compiled by the Swiss banking
source.
1. The Rothschild's
2. Lazard Freres (Eugene Mayer)
3. Israel Sieff
4. Kuhn Loeb Company
5. Warburg Company
6. Lehman Brothers
7. Goldman Sachs
8. The Rockefeller family and J.P. Morgan interests
Once again, the names linked to these banks have been extensively researched, but must remain "speculative" due to the privacy clause mentioned earlier.
Hope this helps...
