The Complicity Conspiracy

Before you go getting out your tin foil hats, you might want to hang tight. Fact is always stranger than fiction, and the truth is normally discarded and abandoned in the corner. That's where you find the Federal Reserve, most Americans slip off to a sound slumber by just the mention of the word, but they are one of the strangest entities you will ever see. A quick scan of the feds FAQ and you will see they quickly claim government agency status, as you keep reading you see a line that jumps out at you:

" the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.  the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year. "

So the Fed has "shares" like a company does in the stock market, but these shares are held by private banks and cannot be traded. They also earn 6% a year interest from those share?

That casts a shadow on the whole "government agency" thing. Also when you see what goes on in front of congress with respect to the fed, you end up conflicted with the fed FAQ page. Here is one from 2008 Republican Presidential Candidate Ron Paul:

I know some of you are out there saying "hey wait a minute, that's the little guy Fox News keeps warning me about". OK  I agree we should not put all our faith in just one guy, especially when so many think he's a nut, I saw the way they laughed at him in the South Carolina Fox Debate. Besides the government has a lot of folks who get paid just to keep an eye on things, if something fishy was going on I'm sure someone would be telling us right?  Well they have, meet David Walker head of the Government Accountability Office. David is the "Top Accountant" for the federal government, he was recently on Glenn Beck On CNN:

"If the private sector had trust funds like the federal government somebody would be going to jail". There you have it, private banks are bank rolling politicians exuberant spending habits. it's as much a symbiotic relationship as a Conspiracy of Complicity, the private banks have control of the money supply while the government gets to spend to it's hearts content, it's a marriage made in heaven. The problem is the tab is still running on that free lunch and is currently over 9 trillion dollars.

So the next time you see Fox News laughing at the funny little guy who says we are going broke and can't afford it anymore, go to the closet and take out your tin foil hat and send it to Fox News, tell them you thought they may need one.

All the other candidates may steal his policies on everything else, but they never will on Monetary Policy, Politicians by nature can't, only a statesman could withstand such ridicule.

Ron Paul 2008