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RE: The Mathematics of Fractional Reserve Banking

in #mathematics8 years ago (edited)

ummm well yeah i guess.... so is it the illuminati controlling them or the bilderbergs... or skull and bones.
The fed is controlled by a board of governors appointed by the president. And congress has oversight over them.

What i believe Jasonmcz was talking about wasnt the trilateral commission or any of that kind of craziness, but the notion that all banks are required to own stock in the fed in order to be banks (at least, all banks in the US)... however, ownership of that stock does not give them any kind of control or ownership of the fed. Its just non transferable, restricted stock that theyre required to buy in order to participate in the system. Sound familiar?

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Rather than make me watch the whole 9 minute video, you wanna just direct me to the quote that youre taking out of context or misinterpreting?

I will let Alan Greenspan explain how much control the government has over the fed......zero

I don't care about the stock and neither do the people running the scam. Its about control.