IMO, both sides try to influence the Fed when in power. Only one side makes the news when they do it.

The FED owns $ Trillions of Interest paying Treasuries and Mortgage Backed Securities

"Assets (over 98% are securities):
U.S. Treasury securities: ~$4.3 trillion
Mortgage-backed securities (MBS): ~$2.0 trillion
Other assets: Includes loans, reverse repos, and foreign currency holdings."

Where'd they get the money to start?

When the FED is making money they send billions per month to the U.S. Treasury. I'm not sure how this works when they are losing money?

Dirt has that correct




A couple places;

The regional Federal reserve banks are owned by the thousands of small banks in each region ( if those small banks choose to be part of the system)

The small banks buy into the Fed system and are part owners. The funds from those "buy-in" transactions provided some of the initial capital.

Also, after the creation of the Fed, (can't remember the exact year) the Fed system was required to surrender any gold held by the banks in the Fed system to the federal government. In exchange, the Fed system was issued gold certificates reflecting that surrender. So the system does have a form of collateral or 'money in the bank'.

I've done some reading since asking, at the very beginning it said the govt was required to foot 20%.

There were a bunch of govt "acts" that regulated them in the years since.



The U.S. government invested 20% of the capital stock in the First Bank of the United States, which was a precursor to the Federal Reserve. This structure of government involvement continued with the Federal Reserve, which was established in 1913

Of course the subpoenas were thrown out. You can't fight the Rothchilds; not even the President can.

The losing money part is kind of a misnomer (if that is the correct term). It isn't that they are actully losing money, they are just not making money at a rate that they have projected.

Right . That was in 1791. The current iteration of the central bank was not funded by the federal government. Congress does have oversight of some of the ways the Fed operates.

That 20% invested in the First US Bank was only 2 million dollars. The total capitalization was only 10 million.

Quite a difference from today

Wow guys I am impressed!! Great conversation! No fighting. Y'all making me proud lol.

I said I would post my thoughts today but I see that BC already did.



Not commenting on thought three as it is more political, but his first two thoughts sum up my feelings on the issue perfectly.

This ruling was a correct one, and we simply can NOT have a FED that sways to the whims of whoever happens to be in office.

There is fiscal policy, and there is monetary policy. When the government goes on spending sprees (I know, when do they ever NOT, right?) then the Fed needs to tighten monetary policy in order to prevent inflation from going through the roof. The current administration has been pressuring the Fed to loosen monetary policy, while simultaneously spending gads of money. If the Fed were to give in to that request... well, I hope you like $6/doz eggs and $10/lb hamburger again.

Also, remember, that while you may like who is in office now, are you sure you'll like who is next?

Oh boy.

Tax payer money? It's the feds money. They own it. They print it and lend it to you, to be payed back with interest. Read the top of any bill in your wallet. "Federal reserve note". It's a brilliant scheme.

While the Fed issues it, it is technically printed by the Treasury....

The Federal Reserve funds its own operations, including building renovations, using income from its assets and fees charged to banks rather than congressional appropriations. The renovation involves multiple buildings on the Federal Reserve Board campus in Washington, D.C. While the Board of Governors controls those buildings and funds the project itself, the Board is still a federal government entity created by Congress.

Since the Fed is owned by banks there’s a really good chance that if you do business with a bank you’re paying for the improvements, as far as the subpoenas I can see how they could be considered pressure, but in my opinion where it was to go to grand jury to see if there can be criminal charges filed, and if the Fed did nothing wrong why wouldn’t they want to prove this in court?

No one that I know isn't both.

So should we have a federal agency that is beyond investigation? Are their circumstances where the DoJ can, or should, investigate what the fed has done?

Marten I believe the Fed is not a federal agency, and this maybe some of the issue.

Can we get a reincarnated Volcker

The USA needs a independent Fed, not bullied, swayed or pressured by either party or any politics. We live in an economy where inflation is not controlled nearly as much by supply, demand, interest ratesor even the value of the dollar in some respects. We have inflation driven by the supply of money as we can and do print money at will we need an independent and a fed board that is knowledgeable about how the money supply impacts our inflation and economy, thus making the need to be independent. To me it is too bad we needed to have the judicial system even have to be involved in keeping the fed indpependent.

Bryce