Quote:OK Marty.  Who owns the Federal Reserve?  If you can't answer that question, you are admitting there are "secret bankers who control the system".

 

The Federal Reserve is owned by private banks.  However, the word "own" is not really applicable in a practical sense.   They own it because they are forced to own it by law.   In actuality, the Federal Reserve is run by the 12 members of its Board of Governors, 7 of which are appointed by the President, and 5 of which are appointed by the regional banks.    The Federal Reserve is also subject to the will of Congress, which can change its duties and mission any time it wants.  So, in answer to your question, "who owns the Fed," yes, the Fed is owned by private banks, but those private banks do not control it.   It's mostly controlled by the President and by Congress.  

 

For example, suppose you owned stock in a company, but you could not sell it, trade it, or pledge it as security for a loan, and a majority of the officers of the company were appointed by someone other than the stockholders.   Of what use is "ownership" in that situation?   So really, who "owns" the Fed is irrelevant. 

 

Here is a basic introduction to the Federal Reserve.   Please read it. 

 

https://www.stlouisfed.org/in-plain-engl...troduction

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