Off Reserve World
Who is in charge of the Federal Reserve Bank?
It’s the bank who prints dollars out of thin air to lend to Americans and the world!
Biggest rip-off?
Ben Bernanke, Chairman of the Federal Reserve Board of Governors
The Federal Reserve System is controlled by the Board of Governors. They are appointed for 14-year terms by the president and confirmed by congress. The current chair is Ben Bernanke. Other members can be found at http://www.federalreserve.gov/bios/ . You will find some conspiracy theories espouse foreign or private ownership of the system. However, there is absolutely no structure or mechanism for private ownership at this level. (If someone disagrees, please explain how someone could take legal title to own and control the Board of Governors). The branches are organized like corporations and member banks are required to buy shares.
- Your comment about creating money out of thin air is correct. It is Fiat money, backed only by the full faith of the U.S. Government.
The Fed adds money to circulation by purchasing T-Bills on the open market. Technically, this is not a new loan because the T-Bill was already issued.
- Is it a rip-off? Consider this: When the Fed buys a T-Bill, about 98% of the interest is returned to the Treasury making the loan virtually interest-free. As a taxpayer, that does not sound like a rip-off.
Medvedev Shows Off Sample Coin of New World Currency At G8
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Cuisinart Elite Collection Food Processor $500.00 All-inclusive food processor from Cuisinart surpasses all other brands with the speed, multiple-performance and precision that has made Cuisinart the internationally-acclaimed brand of choice for gourmet chefs. Powerful 1,000 watt motor starts with touchpad control operation. Pulses or kneads dough with a simple press of a button. Two interchangeable discs, plus two interchangeable blades, let you… |
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White rhino (Ceratotherium simum) cooling off Photo Mugs White rhino (Ceratotherium simum) cooling off, Itala Game Reserve, South Africa, Africa…. |
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White rhino (Rhinoceros simum) cooling off Photo Mugs White rhino (Rhinoceros simum) cooling off, Itala Game Reserve, South Africa, Africa…. |
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Tripp Lite PV2000FC PV 2000W 12V DC to AC Inverter Plus with Charge/Load LED’s $383.26 Harness your vehicle”s battery to efficiently power office equipment on the road or power tools at a work site. Continuously supplies up to 2000 watts of 120V AC power to 2 AC outlets from any 12V battery or automotive DC source. Frequency control locks AC output at 60Hz for operating stability of motor loads. Includes a set of high current DC input terminals for simple, permanent installation. H… |
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War Reserve Stock $74.88 High Quality Content by WIKIPEDIA articles A War Reserve Stock (WRS) is a collection of warfighting material held in reserve in prepositioned storage to be used if needed in wartime. They may be located strategically depending on where it is believed they will be needed. In addition to military equipment, a war reserve stock may include raw materials that might become scarce during wartime. According to this definition, storage such as the Strategic Petroleum Reserve may be considered a war stock.The United States maintains war reserve stocks around the world, mainly in NATO countries and in some major nonNATO allies. The US 31st Munitions Squadron is tasked with maintaining and distributing the largest war reserve stock piles of munitions for the United States Air Forces in Europe. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 76 Publication Date: 2010/10/11 Language: English Dimensions: 6.00 x 9.02 x 0.18 inches |
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Casewestern Reserve University $78.07 Case Western Reserve University is a private research university located in Cleveland, Ohio, USA. It was created in 1967 by the federation of Case Institute of Technology (founded in 1881 by philanthropist Leonard Case Jr.) and Western Reserve University (founded in 1826 in the area that was once the Connecticut Western Reserve).Case Western Reserve is the largest independent research university in the state of Ohio. citation needed] As of 20082009, the university had 4,356 undergraduates and 5,458 graduate and professional students.In U.S. News World Reports 2010 rankings, Case Western Reserves undergraduate program ranked 41st among national universities. The university also ranks No. 12 among private universities receiving the most federal research funding. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 98 Publication Date: 2010/01/04 Language: English Dimensions: 5.98 x 9.01 x 0.23 inches |
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