GoFuckYourself.com - Adult Webmaster Forum - View Single Post - News Is The Federal Reserve A Private Bank?

RummyBoy · 09-05-2014, 10:58 AM

The FED (ie Federal Reserve Bank Of United States) which creates and maintains the US dollar is a private bank or a government institution?

Does anyone know the answer to this? For the longest time I always thought the FED was 100% a government institution until about a year ago when it came out in the media that it is a private institution.

However now, I'm reading the website which claims that the FED is neither. It doesn't really answer the question but it says it derives its authority from congress which we knew already:

http://www.federalreserve.gov/faqs/about_14986.htm

I am not American so please forgive me and im a bit of a dumbo, but I find an awful lot of competing data on the subject:

http://www.zerohedge.com/contributed...merican-people

09-05-2014, 10:58 AM
RummyBoy Confirmed User Join Date: Dec 2009 Posts: 2,157	Is The Federal Reserve A Private Bank? The FED (ie Federal Reserve Bank Of United States) which creates and maintains the US dollar is a private bank or a government institution? Does anyone know the answer to this? For the longest time I always thought the FED was 100% a government institution until about a year ago when it came out in the media that it is a private institution. However now, I'm reading the website which claims that the FED is neither. It doesn't really answer the question but it says it derives its authority from congress which we knew already: http://www.federalreserve.gov/faqs/about_14986.htm I am not American so please forgive me and im a bit of a dumbo, but I find an awful lot of competing data on the subject: http://www.zerohedge.com/contributed...merican-people Last edited by RummyBoy; 09-05-2014 at 11:05 AM..