Debunking said:
The bank IS privately owned and the governors are appointed by the elected representatives of the people. Shall we get into the joke of an idea that the congress critters actually represent the people? So in short whoever they want to be appointed gets appointed.
Wikipedia for example said;
"Unknown by most American citizens, the Federal Reserve is NOT a US Federal government institution. In fact, it is a privately held corporation owned by its stockholders. The Federal Reserve has the sole authorization to print US currency which it then lends out at interest to member Federal Reserve Banks. By controlling key interest rates and the amount of curreny in circulation the Federal Reserve regulates the level of economic activity and the health of the American economy.
Moreover, until recently by law, the names of the owners of the Federal Reserve were kept secret due to a provision of the Federal Reserve Act, which stated that the identities of the Federal Reserve Bank Class A stockholders couldn’t be made public. It is now believed that original Federal Reserve Bank principle stockholders at the time of its founding were the ROTHSCHILD banks of London and Berlin; the LAZARD BROTHERS Banks of Paris; the ISRAEL MOSES SEIF Banks of Italy, the WARBURG Bank of Hamburg and Amsterdam; the LEHMAN BROTHERS Bank of New York; the GOLDMAN, Sachs Banks of New York; the KUHN, Loeb Bank of New York; and the CHASE MANHATTAN Bank of New York. These are the principle interests, which own and operate the Federal Reserve System, which has expanded to approximately three hundred stockholders. All of these interests are very well known to each other through many banking business relationships, and in fact many are related through marriage and biological decent.
The federal reserve bank proposal of 1913, which called for a central bank operated by banking industry insiders and private investors was originally presented by Nelson Aldrich, the maternal grandfather of today’s Rockefeller brothers, and was known as the Aldrich Bill. This bill was narrowly failed to pass congress, but was soon reintroduced and was passed as the Federal Reserve Act, officially known as the Owens Glass Act.
The final legislation created 12 Federal Reserve Banks that would act as central banks for all national banks and other member state institutions. In practice, the Federal Reserve Bank of New York is the US Federal Reserve central bank. The Federal Reserve Bank of New York controls the entire member bank system. The member banks are not federal government institutions. They are private institutions owned by the member banks and their stockholders. Currently, more than ninety of the 100 largest banks in the United States are located within the Federal Reserve District in New York.
A Federal Reserve Board was formed to oversee the system and establish policy. Chairman and other members of the Board are be appointed by the president, with consent by congress. This provides some measure of political influence over the policy actions of the governing board of the Federal Reserve. The appointed chairmen of the Federal Reserve regularly report in open session to a joint committee of the House and Senate.
Class A stockholders exercise control over the Federal Reserve System by owning stock of the largest member banks in the New York Federal Reserve Bank. Fewer than a dozen international banking institutions hold a controlling interest in the New York Federal Reserve Bank, and of these only four institutions are based within the United States. The bulk of the external controlling interests are European, with the most influential of these being the Rothschild family of London.
Each of the American interests is in some way connected to the Rothschild family. Included among these are the Rockefellers who are by far the most powerful American stockholders of Federal Reserve System member banks. The Rockefeller holdings in the Federal Reserve are primarily through the Chase Manhattan Bank, which in recent decades has taken in very significant funding from Saudi royal family investors.
Through their U.S. and European agents, the Rothschilds financed the Rockefeller Standard Oil dynasty, the Carnegie Steel empire, and the Harriman railroad system. The Rockefeller clan, which later became intermarried with the Carnegies, financed many of American's leading capitalists through Chase Manhattan and Citibank.
Many of these families intermarried with the Rockefellers so that by 1937 one could trace "an almost unbroken line of biological relationships from the Rockefeller through one-half of the wealthiest sixty families in the nation."
Owing much of their wealth to the Rockefeller, these families have become loyal allies of the "family". The Rockefellers, on the other hand, owing their enormous fortune to the Rothschild banking empire, have for the most part remained true and loyal to them and to their European interest."
This is what I was commenting on, you see systems, I see people. Do you know how many people were in congress when the 1913 bill passed?
3.
I`ll respond to the rest of the private eye sample if you want but I may as well tell you now, its all word games and plain outright lies.
