How many of you know that the FED ( Federal Reserve Bank) is not part of the federal government?

Do you know that when they print money bills of lets say 1 billion, they actually charge the government of the same amount?

Asked By: Hatim T - 8/25/2007
Best Answer - Chosen by Asker
Nine answers and most including the original person who asked the question are fooled by an idiotic conspiracy theory... More
Answered By: NGC6205 - 8/25/2007
Additional Answers (9)
It is a quasi-government agency composed of private banks that have the authority from Congress to regulate the money supply of the United States.
Answered By: Ryan - 8/25/2007
Yep, and interest. They are not federal at all as that implies they are part of the government. They are private and regulate our money's worth by printing more or less as they see fit.
Answered By: Corky - 8/25/2007
Oh i knew that! and im not even there was a documentary on discovery about a month ago on it! and i thought they chrged them more? because then to pay that off they have to borrow more, and so on, so the government is always controlled by the banks! lol
Answered By: sunshine_dasies - 8/25/2007
The Federal Reserve does not print money. That is done by the Bureau of Engraving and Printing, which is part of the Treasury Department.
Answered By: forjj - 8/25/2007
The Federal Reserve Bank is privately owned they regulate the money for the United States they do charge the US for this service The US is normally still in Debt to said banks... More
Answered By: ASmiles1 - 8/25/2007
I knew that. Here is a good video that explains it more.
Answered By: Criket - 8/25/2007
Other than allow a lot of payroll padding what is the point. How does this effect the common person. I used to love hearing about what Greenspan had done with the Federal Reserve had done from Andres Mitchell on the Television. Real objectivity, she's his wife.
Answered By: Vampire 13R - 8/25/2007
They are as much "federal" as federal express. What a joke
Answered By: Dogsnoop - 8/25/2007
the Fed is a private organization, is not federal,.....
Answered By: rogueriverbob - 8/25/2007
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