Who owns the Central Banks ?

Below comes from the official FED web site. Red italics are mine.

The Federal Reserve System fulfills its public mission as an independent entity within government.  
It is not "owned" by anyone and is not a private, profit-making institution.( not profit making? what about 6% divident below?)
As the nation's central bank, the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding ( it prints it ) appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.
However, the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute. Therefore, the Federal Reserve can be more accurately described as "independent within the government" rather than "independent of government."
The 12 regional Federal Reserve Banks, which were established by the Congress as the operating arms of the nation's central banking system, are organized similarly to private corporations--possibly leading to some confusion about "ownership." ( can it be more direct? ) For example, 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.

Hang on: not operated for profit! But for every share or stock or money issued given to other banks or government it earns 6%. So, it prints money, releases credit in the market by a stroke of a pen, gives it to others to use and demands at least 6% divident or interest for it. Solid business.

The statement still does not clearly say who actually owns the FED, and for that matter any other central bank. Member banks or top bankers?

Chuck Prince, CEO of Citibank, said in 2007 - after a 25 year bull market BOND market, basically adding debt upon debt in the market, "As long as the music keeps going, we can continue this fraud"

Sounds a bit like all the feeders and investors who took money from others and pumped it into Bernie Madoff Ponzi sceme...hey the music plays...keep going.. when will it all bust?

http://www.federalreserve.gov/faqs/about_14986.htm
as to who owns the FED

Unfortunately the ECB web site does not ahve any details as to who owns it:
http://www.ecb.europa.eu/home/html/directory.en.html

Mike Maloney on Gold's Checkmate and Ben Bernanke's role as the Pawn!

In general, I do not allow main stream media propaganda by politicians
and or financial engineers to dictate me lies and misinformation to serve
filling their own wallets and empty million others.

One alternative is to learn from guys who know basic truth about
finances, precious metals, etc..

One of these is Mike Maloney. Advisor to Robert Kiyosaki, author
of the most successful financial book in history, Rich Dad, Poor Dad.

Watch his below recent interview on the FED's monetary policy and
what we can expect in the near future..

Testing feedburner

Testing feedburner.

WFS - World Financial System Modus Operandus

"If you know HOW the World Financial System works,
you know the Game that you are playing...
...And if you don't know the Game and the Rules that
we are playing by, you are going to get slaughtered."

In love it when people have an opening address like this
for a documentary!

Why media is paying no attention to Ron Paul?

.
When following the USA premaries on 2012 Election, I see that the media is hardly mentionning Ron Paul.
His name is not even mentioned when pictures are taken by all the candidates and much smokescreen is made on issues of other candidates while ingnoring the real issue. The economic fables and illusions.
It is a miracle why in this day and age, politicians, financial engineers and media are calling good: bad and bad: good!

They even call it bad (?) debt and good debt.

One of the few who is "honest" on how this system works, Ron Paul, is honest about it enough is "criticized" for not knowing it at all! Is the monetary system we are operating in now the so much discussed "Babylonian Mystery" that can rise and fall in one hour?
Watch below interview with one of my favourite mentors, Michael Maloney on the subject of monetary issues and currencies (aka finance) .

Conventional Wisdom or Conventional Ignorance ?

.

Crude Oil for Gold ?

.
Read following article by Anglo Far East's AFE Director Simon Heapes:  
The biggest exchange for oil in the glo bal world on mass is via the world's reserve currency, which is the US Dollar. 
If sanctions are placed on an oil-producing nation's ability to sell its oil, that nation will attempt to exchange its oil for an alternative, probably gold! This would have negative ramifications on the value of the US Dollar, because of less demand for USDs, and it would have a positive effect on the value of gold because of greater demand. 
Those readers who recall the media reports back in the 1990s before the USA attacked Iraq might remember that Saddam Hussein was attempting to exchange Iraq's oil, which produced 40% of the Middle East's oil at the time, for a 50/50 split between Euro and Gold. 
Could it be said that when this began (regarding the USA), war was imminent? They say history doesn't repeat exactly, but it sure does play a similar tune! 

The old saying, “Black Markets are Free Markets that exist in times when the government does not approve of the Free Market,” may again be proving true. These events illustrat e how gold actually is the money of last resort, even at a government level. Recent sanctions include EU's accepting no further contracts and freezes by the US, IMF and EU of Iran’s ability to trade in gold. The element to note is that this is incredibly difficult to enforce.

Gold has been smuggled across borders for centuries as payment for strategically important items, securing armies, arms, and for serving as bedrocks of monetary systems. Gold continues to resurface as money throughout history. You can transfer large quantities of capital completely outside the control of governments’ ability to stop it.

Sophisticated investors have learned that gold is therefore the ultimate form of wealth protection, because it is the only form of wealth that isn’t controllable.

2012 outlook by Jim Rogers

as I previously said, I like Jim for being realistic and true.

This is what he believes for 2012 and beyond.
In short: ECB (same as FED) will monetize the debt, which means printing more money.

Printing more money and flooding the M2 money supply will bring temporarily ease on the market, but remember those debts and its monetization, need to be serviced by paying interest on those.

• Who pays this interest? 

• Who will suffer from the inflation? 

• To whom are these interests payable? 

• Have you every asked the questions who owns the ECB, FED and other central banks around the world?

It is basically: kicking the can down the lane...till?
.
.

Lost and found..

In France they keep finding gold...

kilos found on a train

found in an old cellar

... I wonder if all gold kept by individuals will be confiscated or nationalized again in case the Euro collapses, like the USD did in the 30'ies..
.
.

"Happy" birthday Euro

.
.