Basically the Federal Reserve will buy out the U.S. debt to the tune of over 2 trillion per month; making the U.S. debt-free by around the 2020 election. The Truth About the Federal Reserve Bank November 7, 2009 — crapaganda . Then the Federal Reserve will possibly file for bankruptcy and be gone, along with their privately owned IRS. The Federal Reserve Bank is a private company. 1/07/2019 12:50:00 AM News . The Federal Reserve Bank is the Ugly Truth. Instead, they were simply sharing something they read which “sounded about right” given their limited knowledge and understanding of the institution. Commercial banks that are members of the Federal Reserve System hold stock in their District’s Reserve Bank and elect six of the Reserve Bank’s directors; three remaining directors are appointed by the Board The TRUTH About The Federal Reserve Bank. The majority of those boards are appointed by the independent banks, private banks in the district. Pursuant to the Federal Reserve Act, each of the 12 Reserve Banks is separately incorporated and has a nine-member board of directors. The Federal Reserve Bank of New York does not maintain accounts for members of the public, so representatives would never call to discuss an individual's personal accounts or finances, nor would Federal Reserve Bank of New York representatives ever ask for a fee, tax payment, reimbursement or anything of value from the public. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board." The FEDERAL RESERVE BANK is not owned and controlled by the U.S. Government, rather it is owned and operated by International families. Federal Reserve Bank, the Truth: Common Thieves “I have said little about the purposes of the Reserve System, for there is little to say, and that is that The Federal Reserve System was created by an act of Congress, at the behest of bankers, for the purpose of giving bankers absolute control of this country, giving them title to the wealth of the Nation. Possibly no more income tax. patriot. “The real truth of the matter is, as you and I know, ... Each Federal Reserve Bank, the stock is owned by the member banks in the district, 100% privately held, they are private boards of directors. Rothschild is correct that Trump’s criticisms of the Fed can shake the confidence of the market because the market is a con game where there is an unspoken rule that no one questions the validity of the Federal Reserve Bank, which is not a Federal U.S. government bank at all, but rather a private consortium of banks owned and/or dominated by the jewish banking dynasty, the Rothschilds. [Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932] December 2, 2012. A clandestine meeting on Jekyll Island 100 years ago was a pivotal step in the evolution of the Federal Reserve System. They are not agencies. ... Those who posted it meant well, but they obviously have never studied the Federal Reserve Bank in any detail. The first misconception that most people have about the Federal Reserve Bank is that it is a branch of the US government. We just restructured the Federal Reserve System. It isn’t.