Federal Reserve

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Who Owns The Federal Reserve Banks? According to the St. Louis Fed:

  • “The Federal Reserve Banks are not a part of the federal government, but they exist because of an act of Congress. Their purpose is to serve the public. So is the Fed private or public?The answer is both. While the Board of Governors is an independent government agency, the Federal Reserve Banks are set up like private corporations. Member banks hold stock in the Federal Reserve Banks and earn dividends. Holding this stock does not carry with it the control and financial interest given to holders of common stock in for-profit organizations. The stock may not be sold or pledged as collateral for loans.Member banks also elect six of the nine members of each Reserve Bank’s board of directors.”
  • “On Dec. 23, 1913, President Woodrow Wilson signed the Federal Reserve Act. Over the next year, a selection committee made up of Secretary of the Treasury William McAdoo, Secretary of Agriculture David Houston, and Comptroller of the Currency John Williams decided which U.S. cities would be a place of residence for one of 12 Federal Reserve District Banks.”
  • https://www.stlouisfed.org/in-plain-english/who-owns-the-federal-reserve-banks
  • Top 50 Banks That Make Up The Federal Reserve

How Much Do The Shareholders in the Fed Make? 6%

  • Section 7. Division of Earnings

    (a) Dividends And Surplus Funds Of Reserve Banks.

    1. Stockholder Dividends.
      1. Dividend Amount. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders of the bank shall be entitled to receive an annual dividend on paid-in capital stock of–
        1. in the case of a stockholder with total consolidated assets of more than $10,000,000,000, the smaller of–
          1. the rate equal to the high yield of the 10-year Treasury note auctioned at the last auction held prior to the payment of such dividend; and
          2. 6 percent; and
        2. in the case of a stockholder with total consolidated assets of $10,000,000,000 or less, 6 percent.
      2. Dividend Cumulative. The entitlement to dividends under subparagraph (A) shall be cumulative.
      3. Inflation Adjustment. The Board of Governors of the Federal Reserve System shall annually adjust the dollar amounts of total consolidated assets specified under subparagraph (A) to reflect the change in the Gross Domestic Product Price Index, published by the Bureau of Economic Analysis.
  • https://www.federalreserve.gov/aboutthefed/section7.htm

High Level Takes

  • The central bankers enslaved us all in 1913 by bringing into existence an income tax. They claimed it was temporary and only necessary to raise funds for WW1, but that was a lie.
  • We are enslaved by them. The definition of a “Free Person” is someone who owns his own labor. 
  • A slave doesn’t own any of his own labor, while a serf only owns some of his labor. That makes us serfs!
  • We are no different than 19th century slaves as 50% of his income went to his owner and 50% went to maintaining the slave (food, shelter, health care, etc.)
  • Every recession and inflation since 1913 has been caused by the Federal Reserve. 

2025

2024

July 3, 2024
The Federal Reserve Paid Banks and Funds $400 Billion Over 2 Years for Sitting on Cash

2022

  • The Federal Reserve went broke in September 2022 when they were no longer showing a profit. 
  • Every week before then they made a profit and paid that to the Treasury. The would first deduct their 6% dividend that they pay all of the member banks that are stock holders in the Federal Reserve and then they deduct their operating expenses and all the rest of their profits that come from the interest on the interest bearing instruments that they are forced to buy. This is the only asset they can buy, which is mortgage backed securities since they became backed by the US government when we nationalized Fannie Mae and Freddie Mac and US treasurers, going all the way back to 1914, as detailed by the Federal Reserve Act, which states “The Federal Reserve must buy through the open market and they must buy only securities that are guaranteed as to the principal and the interest by the United States government, meaning, your taxes.
  • As of October 2024, the Federal Reserve owes the Treasury over $200B, which they can not afford to pay.