Who Owns The Federal Reserve?
Who Owns The Federal Reserve?

Who Owns The Federal Reserve?


     0     
5
4
3
2
1



International Edition


About the Book

Now more than ever Americans should be asking the question: who owns the Federal Reserve?

As the Federal Reserve will tell you, the Federal Reserve System was created in 1913 by the Federal Reserve Act to serve as the nation's central bank and is not owned by anyone.

Although this is true, there is far more of importance to America than this simple answer provides.

A general bias towards capital that has existed from the beginning of the Federal Reserve System has allowed the Federal Reserve Bank of New York to dominate it's operation.

At the outset of the Federal Reserve System, the New York Fed held 85% of the system's capital, a figure which has only dropped to 48% today.

The Federal Reserve Bank of New York has consistently been the largest (by assets), most active (by transaction volume) and most influential of the 12 reserve banks since the Federal Reserve System was created.

Rather than who owns the Federal Reserve System, the most relevant question seems to be who owns the privately-owned Federal Reserve Bank of New York?

Or, to put it differently, whoever owns the Federal Reserve Bank of New York pretty much controls the Federal Reserve System, and has since its formation over a century ago.

The U.S. monetary system controlled by the Federal Reserve Bank of New York is a direct descendant of the 'sterling' currency established by the Bank of England upon its formation in 1694.

Despite the economic chaos caused by the coronavirus pandemic, this monetary system has seen more wealth created in the past year than in any year since 1694, as either a percentage or in amount.

A significant amount of the wealth created belongs to China.

Indeed, the coronavirus pandemic has created more Chinese billionaires than American ones.

In fact, the global financial system that evolved alongside the Federal Reserve System makes America surprisingly dependent on China for key necessities.

China produces 97% of U.S. antibiotics and 80% of the active ingredients in U.S. pharmaceutical drugs.

China accounts for 80% of the world's supply of rare earth minerals that make high-technology products like smart phones and electric cars work.

This short book explores the formation, history and ownership of the Federal Reserve Bank of New York, and its connection to the Bank of England.


Best Sellers



Product Details
  • ISBN-13: 9798372471344
  • Publisher: Amazon Digital Services LLC - Kdp
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 159 gr
  • ISBN-10: 8372471347
  • Publisher Date: 01 Dec 2021
  • Height: 203 mm
  • No of Pages: 102
  • Spine Width: 5 mm
  • Width: 127 mm


Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Who Owns The Federal Reserve?
Amazon Digital Services LLC - Kdp -
Who Owns The Federal Reserve?
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Who Owns The Federal Reserve?

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    New Arrivals



    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!