Liberal Forum

AmazonTania » 18 Feb 2014 5:46 pm » wrote:
The Board of Governors. Usually considered the fourth branch of government.

Where in the Constitution is the fourth branch of government created. I know it has to be right before the fifth, but it's been a while since I read the document.

AmazonTania » 18 Feb 2014 5:46 pm » wrote:Because that is what the Federal Reserve Act of 1913 commands...

That command does not comment on what branch of government the fed chair is in.

AmazonTania » 18 Feb 2014 5:46 pm » wrote:The oversight is generally from the Congress. Most specifically, the Congressional Banking Committee.

The legislature oversees my local cable company, but that doesn't make it a branch of government.

AmazonTania » 18 Feb 2014 5:46 pm » wrote:And no, my position is not that it is part of any branch of government. My position is that it the Federal Reserve is part of the government.

If it's in the government, it's in one of the 57 branches, Mr. Obama.

AmazonTania » 18 Feb 2014 5:46 pm » wrote:I never said that it does not answer to anyone. I said that it's monetary policy does not require authority from the executive branch or the legislative branch.

So it is not directed by either - must be in the judiciary, possibly the pleniary or congrutive brach?

AmazonTania » 18 Feb 2014 5:46 pm » wrote: It's not really private, and it's far from a profit making corporations. Board of Governors is a term usually given to public entities, and non-profit making organisations. The Federal Reserve is very much in cahoots with the U.S. Government on particular aspects of the economy.

My link debunked that. It's pre-debunked.

AmazonTania » 18 Feb 2014 5:46 pm » wrote:Oh, and you probably don't know, but all profits accumulated by the Federal Reserve are immediately re-admitted to the General Fund of the U.S. Treasury. That's a funny definition of private property.

Oh, and that's ****.

All of Unicef's money goes to charity - except the 90% for "overhead" (whoring).