‘OWNERSHIP OF FEDERAL
SECURITIES’
All there are is more Questions!
Background of the entity that has the
document titled 'INTRODUCTION: Ownership of Federal Securities' and
posted below. -
My first question would be what happened to
the U.S. Government Accountability Office?
The U.S. Government Accountability Office
(GAO) is known as "the investigative arm of Congress" and "the congressional
watchdog." GAO supports the Congress in meeting its constitutional
responsibilities and helps improve the performance and ensure the
accountability of the federal government for the benefit of the American
people. GAO's work includes oversight of federal programs; insight into ways
to make government more efficient, effective, ethical and equitable; and
foresight of long-term trends and challenges. GAO's reports, testimonies,
legal decisions and opinions make a difference for Congress and the Nation. Read More About
GAO
THE MISSION OF THE
FINANCIAL MANAGEMENT SERVICE (FMS) is to provide central payment services
to federal agencies, to operate the federal government's collections and deposit
systems, to provide government wide accounting and reporting services, and to
manage the collection of delinquent debt owed to the government.
FMS also supports federal agencies' financial
management improvement efforts in the areas of education, consulting, and
accounting operations. For more information about FMS' mission, history, and the
services we provide, please visit All About FMS.
The document in question is posted on
this web page address, http://www.fms.treas.gov/. 'FMS' is a bureau of 'THE UNITED
STATES DEPARTMENT OF THE TREASURY' known
as 'FINANCIAL MANAGEMENT SERVICE'.
Presentment - Find
the latest document - Click on the one that has
the following within the address:
'fms.treas.gov/bulletin/b2009-1ofs.doc' when 2010 come it may
change!
The following is from Mar
of 2007 document but is also covered in the 2009 document.
There are only three pages and down loads as a
word document. The page numbers are 47, 48, and 49. You should cover what
is reported on page 49 and it is titled 'Estimated Ownership of U.S. Treasury
Securities. The numbers are in billions.
First let us examine column 11,
titled 'Foreign and international' which has a total under the month of
'Mar of 2007 of 2,199.0 billion dollars. That is 2.199 trillion, a 24.8% of
the total debt of 8.8497 trillion. This means that 24.8% of the debt is owned by
'Foreigner'!
Now look at Column 2.
It is titled 'Federal Reserve and Government accounts'. I have no idea
what 'Government accounts' have to do with the 'Federal Reserve' or if they
are referring to the de facto government explained below. The total in this
column is 4.5766 trillion and that is 51.7% of the total debt.
Questions:
If the 'Government' owns it own debt, why is
it listed.
Why is 'Federal Reserve' listed in the
same column?
The 'Federal Reserve' is not a agency
or a bureau within the government of The United States of America and it
looks as if they own 51.7% of the total debt as of Mar 2007 and are
getting paid interest on what they are holding besides the dividend explained
below.
To understand why the 'Federal
Reserve' owns around 50% of the governments debt you will need
to understand what is reported within the following web
pages:
Invisible Government
You
Be The Judge & Jury
Who owns the Federal
Reserve?
Their answer
is (Click on 'Who owns the Federal Reserve?' on the web site that comes
up.):
"The Federal Reserve System is not
"owned" by anyone and is not a private, profit-making institution.
Instead, it is an independent entity within the government, having both
public purposes and private aspects."
What does that mean?
"As the nation's central bank, the Federal Reserve derives its authority
from the U.S. Congress. It is considered an independent central
bank because its decisions do not have to be ratified by the President
or anyone else in the executive or legislative branch of government, it
does not receive funding appropriated by Congress, and the terms of the
members of the Board of Governors span multiple presidential and congressional
terms. However, the Federal Reserve is subject to oversight by Congress, which
periodically reviews its activities and can alter its responsibilities by
statute. Also, the Federal Reserve must work within the framework of the
overall objectives of economic and financial policy established by the
government. Therefore, the Federal Reserve can be more accurately described as
"independent within the government."
"The twelve regional Federal Reserve Banks, which were established
by Congress as the operating arms of the nation's central banking
system, are organized much like private corporations--possibly
leading to some confusion about "ownership." For example,
the Reserve Banks issue shares of stock to member banks. However, owning
Reserve Bank stock is quite different from owning stock in a private company.
The Reserve Banks are not operated for profit, and ownership of a
certain amount of stock is, by law, a condition of membership in the
System. The stock may not be sold, traded, or pledged as security for a
loan; dividends are, by law, 6 percent per year."
Isn't a 6 percent dividend per year a profit?
A 6 percent dividend on 4.5766 trillion the amount reported in Column 2 of the
document in question is .274596 trillion dollars or 274,596,000,000.00 dollars
per year that by law is paid to someone!
After reading this maybe the 'Question' should
have been who controls the Federal Reserve and who profits from it! The Federal
Reserve if asked will sent books that tells a different story then
what is reported on their web site, which is confusing.
The problem we all have is that they
just continue to print money out of thin air and the money you have in your
pocket continues to buy less because of that fact, which is called
inflation! What inflation has done to us is documented on this web
site. The problem that most people have that write about who owns
the Federal Reserve is that they don't understand that our country is now
operating under a government de
facto, which is:
A government of fact. A government
actually exercising power and control, as opposed to the true and
lawful government; a government not established according to the
constitution of the nation, or not lawfully entitled to recognition or
supremacy, but which has nevertheless supplanted or displaced the
government de
jure.
Both sides is presented
next:
A Study of Corporate
and Banking Influence
Federal Reserve
Who owns the Federal
Reserve?
Ask your state Congressperson! He is your only
representative in the de facto state governments you have as a 'citizen of the
United States!
Has
the Federal Reserve ever been audited? The answer maybe yes. Yes, because
someone says it has been audited. How does one do an audit on money printed
out of thin air? Why wasn't it published?
The questions of who owns most of
our debt is still unanswered!
The good men may do
separately is small compared with what they may do collectively.
— Benjamin
Franklin
In God I trust with all My "Unalienable rights" granted by
My Creator reserved,
/S/ Steven Pattison, My Christian name in
propria persona, a sovereign without subjects and one of the People within
Kansas
Email contact: StevenPattison at
everestkc.net
Phone contact (913) 491-0320 CST 9 to 5
PM.
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