Re: [RT] GEN: DUMB FED QUESTION

["Charles Meyer" <chaze@xxxxxxxx>]

Thanks for the recommendation 
Norman.   That would 
certainly further my much needed 
eduction on this subject.
 
chas
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  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Norman 
  Winski 
  To: <A 
  href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx 
  Sent: Wednesday, October 02, 2002 3:44 
  PM
  Subject: Re: [RT] GEN: DUMB FED 
  QUESTION
  
  CM,
   
    I recommend getting Secrets of the Federal 
  Reserve by Eustice Mullens which will explain how the Fed was formed and how 
  it is structured.  There is alot of smoke and mirrors involved in order 
  to disguise what the Fed really is and what they do.   Approx. 55% 
  of the Fed stock is owned by private banks while other portion is owned 
  by the govt. The NY Fed is the real Fed and the other Fed banks are branches 
  of NY.  The Shadow Committee is the real Fed board.  The supposed 
  Fed Board does what the Shadow wants which is controlled by the big private 
  banks.  
   
   Now here is some fun history, covered in 
  the above referenced book. Paul Warburg was sent by his famous banking family 
  from Germany to the US to set up a central bank so they could get control of 
  the US monetary system.  Paul was successful and became the first 
  Chairman of the Fed during WW I when the US and its allies were at war with 
  Germany and his brother was head of the German Central Bank.  Paul was 
  latter satirized in a comic strip "Little Orphant Annie" where he is called 
  Daddy Warbucks.  Speaking of the history of names, the comic strip Little 
  Orphant Annie was lifted by an Indianapolis newspaper reporter from famed 
  Hoosier Poet James Whitcomb Riley who wrote a poem in Hoosier dialect called 
  "Lil Orphant Annie".   And as Paul Harvey would say, "and that's the 
  rest of the story". 
  <FONT face=Arial 
  size=2>                   
  
  Good Day, 
   
  Norman 
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    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Charles Meyer 

    To: <A 
    href="mailto:realtraders@xxxxxxxxxxxxxxx"; 
    title=realtraders@xxxxxxxxxxxxxxx>REAL TRADERS 
    Sent: Wednesday, October 02, 2002 4:13 
    PM
    Subject: [RT] GEN: DUMB FED 
    QUESTION
    
    Group-
     
    Just how much money does the Fed have?  
    The amount of money in private hands such as savings accounts, investments, 
    bank accounts, etc. can be quantified.  
    
     
    Now; I believe that the Fed is comprised of 
    privately owned banks who can use their various
    moneary tools to either create or tighten the 
    so-called money supply.  But; how much money do
    they really have at their disposal?  
    Because of their ability to create money out of thin air using
    the fractional reserve system; can one say that 
    they have a virtually unlimited supply of money?
     
    How does their supply or available money; 
    measure up against the amount of money held in
    private hands?  It seems that if the 
    amount of money held privately dwarfs the amount of 
    money
    held by the Fed; their actions would have less 
    effect on their regulation of the economy.  Or; do these
    12 private banks have SO, SO MUCH money the dog 
    can wag the economic tail?
     
    I stay confused on subjects like this.  I 
    suppose the reason I'm asking is that I just read that the
    Government can seal our money in three 
    ways:  taxation, nationalization and inflation.  
    Somehow;
    this ends up in the hands of the bankers; 
    although I really don't quite understand the process.
    Thanks for any thoughts or 
    comments.
     
    chas To 
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