/biz/ - Business & Finance

Don't believe the 12 Federal Reserve banks are bank-owned corporations?

Skip to 4:17 of the following video to hear Chicago Fed spokesman Jerry Nelson admit that the 12 Federal Reserve Banks are private, bank-owned corporations with unlimited money creation power:

https://www.youtube.com/watch?v=6N-8DyPoNgU

more proofs at:
bankLIESdotORG

>>51486944
The 12 Federal Reserve banks are privately-owned by the banks in their district. So when you say the Fed controls the money supply, you are admitting that PRIVATE BANKS control the money supply.

Here's a 14 minute video of Chicago Fed spokesman Jerry Nelson admitting that the 12 Federal Reserve banks are private corporations with unlimited money creation power. (Skip to 4:17 to hear his admission) https://www.youtube.com/watch?v=6N-8DyPoNgU

more proofs at:
bankLIESdotORG

>>51051528
The 12 Federal Reserve banks are privately-owned by the banks in their districts. So when you say "the Fed is creating money", you are really saying "PRIVATE BANKS are creating money."

Here's a 15 minute interview with Chicago Fed spokesman Jerry Nelson. He openly admits that the 12 Federal Reserve banks are private, bank-owned corporation with UNLIMTED MONEY CREATION POWER. (Skip to 4:17 to gear admission) https://www.youtube.com/watch?v=6N-8DyPoNgU

more proofs at:
bankLIESdotORG

>>51000237
Here's a 15 minute interview with Chicago Fed spokesman Jerry Nelson. He openly admits that the 12 Federal Reserve banks are private, bank-owned corporations with unlimited money-creation powers! (Skip to 4:17 to hear his admission) https://www.youtube.com/watch?v=6N-8DyPoNgU

>>50956030
You are wrong. You are repeating the debunked "fractional reserve" banking model, and the nonsensical "money multiplier effect."

Banks simply create new, digital money out of thin air when they issue loans. Banks create new money to lend AFTER the borrower signs the loan contract. Banks create new digital money with NO NEED for prior reserves or deposits. The entire money supply is created this way.

Yes, the 12 Federal Reserve banks can create money out of thin air, and they sometimes use this digital money to buy government debt. But the 12 Federal Reserve banks are privately owned by the banks in their district, and are NOT government agencies.

Only privately owned banks and the bank-owned Federal Reserve banks create money, NOT government.

Here's a link to a 15 minute video of Chicago Fed spokesman Jerry Nelson admitting that the 12 Fed Banks are privately-owned, and can create unlimited money (Skip to 4:17 to hear his admission): https://www.youtube.com/watch?v=6N-8DyPoNgU

Chicago Fed Spokesman Jerry Nelson admits that the 12 Federal Reserve banks are PRIVATE CORPORATIONS with unlimited money creation powers! (Skip to 4:17 to hear his admissions):
https://www.youtube.com/watch?v=6N-8DyPoNgU

>>49421280
Aw, snap. Child, you be missin' the point that the Fed be havin' 3 parts: The Board of mofo-ass governors, the FOMC, and the 12 Regional Federal Reserve Banks.

And guess what, Jack? Only the 12 Fed banks be having dat 'ole money creation power. And they be private corporations owned by they member banks and sheet.

Here, Ima lay down some proof, child. Dis ne a short 15 minute interview with Chicago Fed Spokesman Jerry Nelson. This crackah be openly admitting that the 12 Fed Banks is private corporations owned by the banks in they district. And these privately-owned fools be creatin' dat new, digital money out of thin air, child.

(Skip to 4:17 to hear his honkey-ass admission)
https://www.youtube.com/watch?v=6N-8DyPoNgU

>>49409036
Government gets all revenue from taxation and borrowing. The government does not create any debt-free, interest-free money. If they did there wouldn't be a national debt at all!

Yes, the 12 Federal Reserve banks create money out of thin air, but these are private corporations owned by their member banks.

Saying the Fed creates money is the same as saying private banks create money, which is my entire point.

Here's a 15 minute interview with Chicago Fed spokesman Jerry Nelson. He openly admits that the 12 Federal Reserve banks are private, bank-owned corporations with money creation powers! (Skip to 4:17 to hear admission)

https://www.youtube.com/watch?v=6N-8DyPoNgU

>>49392634
Here's a link to a 15 minute interview with Jerry Nelson, spokesman for the Chicago Fed. He openly admits that the 12 Federal Reserve banks are PRIVATE CORPORATIONS owned by the banks in their districts. And he openly admits that these private corporations can create new money out of thin air:

(Skip to 4:17 to hear his admissions)
https://www.youtube.com/watch?v=6N-8DyPoNgU

All money is created by private banks, not by government.