pull down to refresh

Although the Federal Reserve is and thinks of itself as part of the government, 100% of the $37 billion in paid-in stock of its twelve component Federal Reserve Banks (FRBs) is owned by private shareholders. This was part of the political compromise of the original 1913 Federal Reserve Act.
The shareholders are the commercial banks that are the members of the respective FRBs. Remarkably, these private shareholders are getting dividends from the FRBs even when the combined Fed has no profits, no saved up past profits (retained earnings), and hugely negative actual capital. Any private bank which tried to pay dividends under these circumstances would be sternly prohibited by the Fed from doing so.
Proper accounting (GAAP) principles tell us that the Federal Reserve Bank and all of its regional banks are what most accountants would call bankrupt. They have suspended the accounting principles to take even more money and give it to their crony owners, the other banks. When will they shut this Ponzi scheme down? Whenever people say, “NO!” And remove all assets from the banks to let them rot.
I just feel like the wheels have come off and everyone's scrambling to loot whatever they can get their hands on.
reply
I don’t think you are far from wrong. The only way the looting will stop is if people make it stop. It may happen after enough of the overly indoctrinated finally pay for their actions over the past few years. I think a lot of them will be exiting this plane of existence, voluntarily, due to their uptake of propaganda. Sad, but true.
reply
Bc it isn't...?
Really nonsense of a commentary. The Fed is not paying dividends to its true, actual, proper owner (i.e., government, #745581) for the time being.
So that's the end of that
reply
Are you kidding? Didn’t you know that the Federal Reserve Bank was not federal government, it is private, it has no reserves and it is barely a bank. You must have noticed that they are owned by private banks that are required by law to own stock to be part of the system. They have been paying dividends to the owners of the stock. They cannot sell their assets due to the law they may be one of those public-private cooperative organizations, otherwise known as fascist organizations.
reply
No, this is a retarded take. Read my MONEY CLASS linked above
reply