CFR Does Federal Reserve Piece, Never Mentions that Fed is Private

CFR Headquarters located in the former Harold Pratt House in New York City (Photo: Wiki Commons)

In a recent “backgrounder” piece done by Christopher Alessi, and Mohammed Aly Sergie, published at CFR.org, we see the dynamics of the establishments plan dangle before us like a freshly picked carrot awaiting its first bite.

It’s a long-winded piece, explaining to the reader everything they would ever need to know about the Federal Reserve Bank and its former Chairman Greenspan, it’s really boring to be honest.

However, in the piece we notice something missing. I vital bit of information everyone needs to know.

The authors leave out the fact that the Federal Reserve Bank is a privately owned central banking institution. Although, I do get the feeling that we are all on a “need to know” basis when it comes to doings of the monetary hierarchy in control of the Corporation of United States (D.C.) and the puppet masters behind the curtain.

An important article excerpt written by Michael Snyder reads, “The Federal Reserve is not a government agency.

The truth is that it is a privately owned central bank.  It is owned by the banks that are members of the Federal Reserve system.  We do not know how much of the system each bank owns, because that has never been disclosed to the American people.

The Federal Reserve openly admits that it is privately owned.  When it was defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve stated unequivocally in court that it was “not an agency” of the federal government and therefore not subject to the Freedom of Information Act.

In fact, if you want to find out that the Federal Reserve system is owned by the member banks, all you have to do is go to the Federal Reserve website….

The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation’s central banking system, are organized much like private corporations–possibly leading to some confusion about “ownership.” For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Foreign governments and foreign banks do own significant ownership interests in the member banks that own the Federal Reserve system.  So it would be accurate to say that the Federal Reserve is partially foreign-owned.

But until the exact ownership shares of the Federal Reserve are revealed, we will never know to what extent the Fed is foreign-owned.”

The very fact that all of this is being blatantly hidden and suppressed from the American people by organizations such as the CFR, is sickening and disgraceful to say the least.

Sources:

^The Role of the U.S. Federal Reserve – CFR.org

^10 Things That Every American Should Know About The Federal Reserve –TheEconomicCollapseBlog.com

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Shepard Ambellas is the founder & director of Intellihub.com (a popular alternative news website), researcher, investigative journalist, radio talk show host, activist, and filmmaker.