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Are Banksters & the Fed Becoming the Fourth Branch of Our Government?

By   Follow Me on Twitter     Message Richard Clark     Permalink
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(Article changed on December 1, 2012 at 17:14)

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(Article changed on December 1, 2012 at 15:52)


Despite its pathetic propaganda encouraging us to practice doublethink, the Federal Reserve freely admits that it is privately owned, is a monopoly empowered by Congress, and that it operates independently from -- above? -- Congress and the president.   Yet it pays its private undisclosed shareholders/owners huge rewards . . that it extracts from U.S. taxpayers!


Who receives dividends from owning shares of the private Federal Reserve?   Charts created by the House Banking Committee Staff Report of August, 1976 reveal the following people and companies own shares in the Federal Reserve:  Rothchilds,  J.P. Morgan, the Warburgs banks, Kuhn, Loeb & Company, Jacob Schiff, William Rockefeller, David Rockefeller/Chase Bank, and many others.


Looting America

  A more recent study found that Bank of America, JP Morgan Chase, Citigroup, Wells Fargo and HSBC now have the power of the Federal Reserve at their fingertips.    They have open access to something called the DiscountWindow at the Fed, where they can easily obtain very low interest loans.

After years of making bad loans with artificially low interest rates, and foreclosing on millions of American homes, the Fed bailed out the following banks with at least $16.9 trillion according to page 131 of the first GAO audit:

    Citigroup:   $2.5 trillion ($2,500,000,000,000)

    Morgan Stanley:   $2.04 trillion ($2,040,000,000,000)

    Merrill Lynch:   $1.949 trillion ($1,949,000,000,000)

    Bank of America:   $1.344 trillion ($1,344,000,000,000)

    Barclays PLC (United Kingdom) :   $868 billion ($868,000,000,000)

    Bear Sterns:   $853 billion ($853,000,000,000)

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Several years after receiving my M.A. in social science (interdisciplinary studies) I was an instructor at S.F. State University for a year, but then went back to designing automated machinery, and then tech writing, in Silicon Valley. I've (more...)

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