[Video] Gary Johnson: We Own the Federal Reserve

[FrankRep]

Gary Johnson: We Own the Federal Reserve (WTF?)



http://www.youtube.com/watch?v=aSNTb5qXqG0


Gary Johnson: We own the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we -- U.S. taxpayers -- own all the stock in the Federal Reserve.

[Seraphim]

Public owns the Fed - communism. Banks own the Fed - Fascism. It's a moot point. I choose neither.

[Acala]

If by "own" they mean able to direct the actions and assets of, then the US government owns the Fed and, in theory, the people own the US government. And this is one of the reasons the Bill Stills plan to replace the Fed with fiat money direct from the treasury is so stupid.

"Every day when I walk to school with Bill and John, Bill holds me down while John steals my lunch money and splits it with Bill. So from now on instead of walking to school with Bill and John, I am going to walk to school with John and Bill."

[FrankRep]

Public owns the Fed - communism. Banks own the Fed - Fascism. It's a moot point. I choose neither.

Ever notice that in Communist countries the public still "owns" nothing? The Communist Manifesto calls for a Central Bank, FYI.

[jmdrake]

Gary Johnson: We Own the Federal Reserve (WTF?)



http://www.youtube.com/watch?v=aSNTb5qXqG0


Gary Johnson: We own the Federal Reserve. There is this misconception that the Federal Reserve is some private entity. But if I might give an analogy here, we -- U.S. taxpayers -- own all the stock in the Federal Reserve.

Ummmm.......if we do then when do I get a dividend?

Looks like I'm stuck voting for Virgil Goode. I would vote for Andre' Nigel Barnett (I think he's the best of those actually running) but he's not on the ballot in Tennessee. I could write him in, but if I do that I might as well write in Ron Paul. (Yeah I know. Some folks are doing that. Best to ya. I want my vote to show up in a number on election night. I'm not satisfied with the "But someone can do a calculation sometime later showing a difference between the presidential vote and the overall vote" argument.

For those considering Barnett (reform party candidate) his websites are:

http://reformparty.org/candidates/andre-nigel-barnett/
http://www.andrebarnett2012.com/

And there are people here at RPF who vouch for Virgil Goode. He seems to have genuinely changed from his earlier support of the Iraq war. I can take that over Gary Johnson's "interventionists wars are bad unless some trendy twenty somethings say it's needed to save the children" position. And his ignorance (or dishonesty) about the fed is more than I can take.

[TheTexan]

Hey Gary Johnson give me a call when you're capable of something more than using the words "Federal Reserve" in a sentence.

P.S. We don't own the Fed, the bankers do

[NoOneButPaul]

Gary it doesn't matter who owns the fed what matters is that the fed exists at all...

[Feeding the Abscess]

Ummmm.......if we do then when do I get a dividend?

Looks like I'm stuck voting for Virgil Goode. I would vote for Andre' Nigel Barnett (I think he's the best of those actually running) but he's not on the ballot in Tennessee. I could write him in, but if I do that I might as well write in Ron Paul. (Yeah I know. Some folks are doing that. Best to ya. I want my vote to show up in a number on election night. I'm not satisfied with the "But someone can do a calculation sometime later showing a difference between the presidential vote and the overall vote" argument.

For those considering Barnett (reform party candidate) his websites are:

http://reformparty.org/candidates/andre-nigel-barnett/
http://www.andrebarnett2012.com/

And there are people here at RPF who vouch for Virgil Goode. He seems to have genuinely changed from his earlier support of the Iraq war. I can take that over Gary Johnson's "interventionists wars are bad unless some trendy twenty somethings say it's needed to save the children" position. And his ignorance (or dishonesty) about the fed is more than I can take.

Goode is still a drug warrior.

[Seraphim]

Which is why I said no thank you. Lol.

Ever notice that in Communist countries the public still "owns" nothing? The Communist Manifesto calls for a Central Bank, FYI.

[John F Kennedy III]

Hey Gary Johnson give me a call when you're capable of something more than using the words "Federal Reserve" in a sentence.

P.S. We don't own the Fed, the bankers do

It's like he dug through Ron's trash and got some of his notes.

[Chester Copperpot]

oh Christ dont tell me i cant vote for this guy now...

invididuals arent allowed to on FRB stock so wtf gary...

he must be talking about the public board of governors.

[Chester Copperpot]

It's like he dug through Ron's trash and got some of his notes.

hehe... thats funny.. i can picture him doing that!!

[Austrian Econ Disciple]

The Fed is Fascist - quasi-State, quasi-private - quintessential Mussolini. You, me, or the homeless guy down the road don't own $#@! about the Fed. The Fed is a creation of the Government, has certain members appointed, and is basically another branch of the Government, however, the rewards, go to private-interests and they have arguably as much say in policy as the President or Treasurer. In fact, the Treasurer or President most often are the same interests. Gary is being an idiot here. I couldn't vote for him after his war-fiasco endorsement, but $#@!, Gary you dun' goofed again.

[Carson]

I think someone needs to come to grips as to who own whom.

[Steven Douglas]

Ask everybody what "own" means, and you'll get a bunch of different answers.

Let's see, my "stock" in the Fed:

- Not individually owned
- No ability to transfer ownership
- No voting rights
- No value
- No dividends
- No power to audit

Hmmm, given the power that wonderful thing that I 'own' wields, I would say that I was sold to the Fed, and that the Fed owns me, not the other way around. Otherwise, where do I go to cash out my 'stock' in the Fed? I want to sell out - cheap cheap - while $#@! is still selling.