Jerry Nelson, corporate communications, the Federal Reserve, expounds upon ownership of the Fed. These are some of the most memorable extracts from the excellent "Meet the Federal Reserve" video by Restore the Republic.
Some other words from various Fed officials, bankers and Supreme Court judges on ownership and control of the banking system:
"The Federal Reserve banks are privately owned, locally controlled, separate corporations." Lewis v. United States, the Ninth Circuit Court, June 24, 1982
"We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system."
Robert Hemphill: , Credit Manager of the Federal Reserve Bank in Atlanta, 1934
"Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
J. P. Morgan, January 1934
"Give me control of a nations money supply, and I care not who makes the laws."
Baron N.M. Rothchild, 1815
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