'OWNERSHIP OF FEDERAL SECURITIES'

 

Option and Questions

 

Background of the entity that has the document titled 'INTRODUCTION: Ownership of Federal Securities' and posted below. -

 

The document 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'.

 

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 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.

Presentment -

There are only three pages. The page numbers are 47, 48, and 49. I am only going to cover what is reported on page 49 and it is titled 'Estimated Ownership of U.S. Treasury Securities. The numbers are in billions.

First I would like to refer you to 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 a 24.8% of the total debt of 8,849.7. 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'. The total in this column is 4,576.6 and that is 51.7% of the total debt.

Questions -

First question would be if the 'Government' owns it own debt, why is it listed. One answer could be that it is being held for future payments but I don't believe that is the way it works.

The second question is why is 'Federal Reserve' listed in the same column?

The simple answer is that the 'Federal Reserve' is not a agency or a bureau within the government of The United States of America and they own 51.7% of the total debt.

INTRODUCTION: Ownership of Federal Securities

To understand why the 'Federal Reserve' owns more the 50% of our debt you will need to understand what is reported in the following web pages:

Invisible Government

I want my Country back!

A Time Line focusing on Taxes, Money and War

Media controlled? You be the judge!

You have to learn who owns Federal Reserve!

    Their answer is:

"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."

"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."

After read this maybe the 'Question' should have been who controls the Federal Reserve and who profits from it! Years ago I wrote to the local Federal Reserve and they sent me books that tells a different story then what is reported. See what others have to say about the Federal Reserve.

The problem I 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! 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 goverment de fact, 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 present next:

   A Study of Corporate and Banking Influence

Federal Reserve

Who owns the Federal Reserve?

 

Do a search for yourself! Ask your Congressperson!

As far as I know the Federal Reserve has never been audited.

But the questions of who owns more then 50% 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 (913) 491-0320 CST 9 to 5 PM.

NOTE: In accordance with Title 17 U.S.C. section 107, any copyrighted material herein is distributed without profit or payment to those who have expressed prior interest in receiving this information for non-profit research and educational purposes only. For further information please refer to: http://www.law.cornell.edu/uscode/17/107.shtml

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