Who Owns The Fed?

EWI president Robert Prechter addressed this in detail.  He wrote –


”The dividends paid by the Fed to stockholders are paid to its owners, who are member banks, which are privately owned. If the government owned the Fed, it would receive the dividends on its stock. So it is clear that the Fed is privately owned, and its dividends accrue to the benefit of private individuals. 

PS (4/27/09) — An observant subscriber adds: “A simple proof can be found in the local telephone book. The listing for the Federal Reserve can be found only in the ‘white’ pages which is for private and commercial activities and not in the ‘blue’ pages which is for Government agencies such as Federal, State, County or Municipal.”” 



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The Tap Blog is a collective of like-minded researchers and writers who’ve joined forces to distribute information and voice opinions avoided by the world’s media.
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