The Federal Reserve Bank is a consortium of 9 Zionist Jewish-owned & associated banks with the Rothschilds at the head: $1. Rothschild Banks of London and Berlin. $2. Lazard Brothers Banks of Paris. $3. Israel Moses Seif Banks of Italy. $4. Warburg Bank of Hamburg and Amsterdam. $5. Lehman Brothers of NY. $6. Kuhn, Loeb Bank of NY (Now Shearson American Express). $7. Goldman, Sachs of NY. $8. National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders). $9. Hanover Trust of NY (William and David Rockefeller & Chase National Bank NY are principal shareholders). TIME LINE OF THE JEW-OWNED FEDERAL RESERVE BANK 1791-1811: Rothschilds' First Bank of the United States. 1816-1836: Rothschilds' Second Bank of the United States. 1837-1862: Free Banking Era - no formal Central Bank through the efforts of President Andrew Jackson. 1862-1913: System of National Banks through the efforts of President Andrew Jackson. 1913-Current: Federal Reserve Act effects a consortium of privately held Jewish & associated banks called the Federal Reserve Bank. The largest shareholders of the Federal Reserve Bank are the Rothschilds of London holding 57% of the stock which is not available for public trading. On May 23 1933, Congressman Louis T. McFadden brought impeachment charges against the members of the Federal Reserve Bank. A smear campaign against McFadden ensued and he was poisoned 3 years later. ZIONIST JEWS RUN THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK Here are the Jews that control the government of America: 1) Ben Shalom Bernanke: Chairman of the Board of Governors of Federal Reserve. Term ends 2020. 2) Donald L. Kohn: Vice Chairman of the Board of Governors of Federal Reserve. Term ends 2016. 3) Randall S. Kroszner: Member of Board of Governors of Federal Reserve. 4) Frederic S. Mishkin: Member of Board of Governors of Federal Reserve. Term ends 2014. 5) Alan Greenspan: Advisor to Board of Governors of Federal Reserve. Recent Chairman.
Yes, I used to believe all that also, mainly to appease my Grandpa. You got this info from Gary Kah and/or Eustace Mullins.
On the contrary the Fed is made up of 12 regional banks with 25 member banks. The Fed provides a variety of services that we could not do without otherwise.
To address the problem of banking panics
To serve as the central bank for the United States
To strike a balance between private interests of banks and the centralized responsibility of government
To supervise and regulate banking institutions
To protect the credit rights of consumers
To manage the nation's money supply through monetary policy to achieve the sometimes-conflicting goals of
stable prices, including prevention of either inflation or deflation
moderate long-term interest rates
To maintain the stability of the financial system and contain systemic risk in financial markets
To provide financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system
To facilitate the exchange of payments among regions
To respond to local liquidity needs
To strengthen U.S. standing in the world economy
As for foreign ownership of the Fed:
The New York Fed reports that its eight largest member banks on June 30, 1997 were:
Chase Manhatten Bank
Morgan Guaranty Trust Company
Bank of New York
Marine Midland Bank, and
All of the major shareholders seen here and all of the banks on the complete list are either nationally- or state-charted banks. All of them are American-owned. Kah’s claim that foreigners directly own the N.Y. Fed is completely wrong. This list is consistent, however, with Mullins in that all the owners are domestic banks functioning within the N.Y. Federal Reserve district. The discrepancies are likely due to mergers or other significant changes in the size of district banks since the publication of Mullins’ list.
Each of the twelve Federal Reserve Banks is organized as a corporation in much the same way as many other firms. According to Kah, foreigners own a controlling interest in the shares of the New York Fed. He claimed that “Swiss and Saudi Arabian contacts” identified the top eight shareholders as
Rothschild Banks of London and Berlin
Lazard Brothers Banks of Paris
Israel Moses Seif Banks of Italy
Warburg Bank of Hamburg and Amsterdam
Lehman Brothers of New York
Kuhn, Loeb Bank of New York
Chase Manhatten Bank, and
Goldman, Sachs of New York (Kah, p. 13).
He also described these groups as the bank’s “Class A shareholders” (p. 14). This is curious because Federal Reserve stock is not classified in this manner. It can be either “member stock” or “public stock,” but there are no such things as ‘Class A’ shares. However, the directors of a Federal Reserve Bank are separated into classes A, B, and C depending on how they are appointed (12 USCA §302). This may have been the source of Kah’s confusion.
Eustace Mullins compiled a very different list. He reported that the top 8 stockholders of the New York Fed were
Chase Manhatten Bank
Morgan Guaranty Trust
Manufacturers Hanover Trust
Bankers Trust Company
National Bank of North America, and
Bank of New York.
According to Mullins these institutions in 1983 owned a combined 63% of the New York Fed’s stock. These American banks, in turn, were owned by European financial institutions. Since the commercial banks in the New York Fed's district elect its board of directors, the London Connection is able to use their American agents to pick the Bank's directors and ultimately control the whole Federal Reserve System. He explained,
... The most powerful men in the United States were themselves answerable to another power, a foreign power, and a power which had been steadfastly seeking to extend its control over the young republic since its very inception. The power was the financial power of England, centered in the London Branch of the House of Rothschild. The fact was that in 1910, the United States was for all practical purposes being ruled from England, and so it is today (Mullins, p. 47-48).
He remarked further that the day the Federal Reserve Act was passed in 1913, “the Constitution ceased to be the governing covenant of the American people, and our liberties were handed over to a small group of international bankers” (p. 29).
Clearly, there is a discrepancy between the two lists. According to Kah, foreigners own shares of the New York Fed directly, but Mullins stated they owned and controlled the Fed indirectly through ownership of American banks. So who is right? Mullins cited the Federal Reserve Bulletin for his information on share ownership, but that publication has never reported the shareholder list of any Federal Reserve Bank. Kah’s source is equally elusive – unnamed Swiss and Saudi Arabian contacts. Despite the difficulty in verifying their sources, it may be possible that both men are correct. The two authors published their lists eight years apart. Since Mullins’ was the earlier of the two, it may be possible that sometime between 1983 and 1991 foreigners acquired a substantial amount of stock in the New York Fed. Of course, it is also possible that they're both wrong.
The allegation that an international banking cartel controls the Federal Reserve is wrong. Contrary to Kah’s claim, foreigners do not own any stock in the New York Federal Reserve Bank. Neither do they currently own any significant shares of the domestic banks that actually do own shares in the N.Y. Fed. Moreover, the central assumption that control of the New York Federal Reserve is the same as control of the whole System is badly mistaken. Also, the profits of the Federal Reserve System, again contrary to the conspiracy theorists, are funneled almost entirely back to the federal government, not to an international banking elite. If the U.S. central bank is in the grip of an international conspiracy, then Mullins, Kah, et al have certainly not uncovered it.