“... we conclude that the [Federal] Reserve Banks are not federal ... but are independent privately owned and locally controlled corporations... without day to day direction from the federal government.”

And the Fed folk get rich.

Privately owned, unelected, unaccountable, psychopathic,subversive, parasitic, corrupt, power hungry, controlling, uncaring, treasonous, opportunist, one world governement sponsoring, **sholes. But otherwise just a bunch of good ol boys who we love to give our money too.

Let the Truth be known and proclaimed from every town and city in the good 'ol USA.By the way,"Right On" J.Carlton from Calgary.

Yes, the biggest scam ever perpetrated on the American people.

Sure, let's go back to living on the edge of financial ruin, as we were before the Fed was created. The system was set up as an independent entity within the government so that special interests in Congress or the presidency would not abuse the power to create money or abuse government regulations over banks. We've given the Fed haters ample opportunity to vent -- can't we please move on?

Joe, we've all heard the hype as to why the Fed but, what we haven't heard is all the devastation they are reeking on this nation and the world or as the chairman recently expressed, how they caused the great depression. Now that the private corporation is going to to become the first authorized independent private military force within the borders of the US, sanctioned to police all entities' (including individuals) financial operations, who can stop the tyranny.

Ignoring this important fact results in the loss of rights and property. Joe, this may be boring but essential to understanding the decline of the so-called 'US dollar.' You are being ripped off annually more than you can imagine. 'Fed haters' are 'Liberty lovers.' If you think that the private Fed can be trusted over elected representatives, then you do not understand the nature of a republic -- nor the nature of a central bank. Whoever controls the volume of currency in circulation controls all industry and commerce. When our currency was backed by gold and silver, neither the government nor a central bank could simply print up money and lend it at interest. That is the only money system authorized by the Constitution -- in fact, the debasement of the currency is punishable by death! It is high time we charged those with this fraud and applied the lawful punishment.

Unforntunately, John F. Kennedy was assassinated over this in part. He hoped to eliminate the Fed Reserve and had ordered the government print it's own money as the constitution delegated. The presses had already printed some money at the time of his death, but of course it ended very abruptly. Yes, it has been a big farce, a sham, a pretense, a tragedy played upon overly trusting citizens. This is a lesson. Government is not mommy and daddy. Do not trust government. The future outlook is indeed very disturbing.

Read "The Creature from Jekyll Island" by G. Edward Griffin. You will never, ever, ever,ever trust the Federal Reserve System, which by the way is not a part of the Federal Government (or any government agency), it has no reserves and it is not a bank. Wake up folks, we owe so much to foreign contries that they are now taking over our financial systems so that they can get their money back. It's going to get real ugly before this finally implodes and falls in on all of us.

Joe must be one brainwashed low iq mofo to make the statement that he made, Rob NJ.

Don't forget the fed is owned by the same people who own the bank of England! Joe was either brainwashed or suffers from a severe case of "DUH"!

To all Americans, and indeed all people of the world, I commend the words attributed to Thomas Jefferson 1802: 'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.' Sadly, history tells us we learn absolutely nothing from history!

Very well put Bob Robertson, you all need to read the book "Hamilton's Curse", there is no finer book out there to wake you up. And BTW Joe, from North Cadwell NJ, Andrew Jackson kicked the Rothschilds and the central bank the hell out of this country and when he left office, the country had a $440,000 surplus, how could that have happened? A surplus in the Government WITHOUT the federal reserve, come now something must have been up, right. Wake up. We do not NEED fiat currnecy or the Fed for anything, it's a self serving and evil empire designed to redistribute the wealth from the average Citizen to the elite. Plain and simple.

Creature from Jekyll Island (book) and Secret of OZ docu-video lays out the truth behind the massive deception in a crime against humanity that's too large for comprehension: www.youtube.com/watch?v=oohXjJdxxSk