[acd]

Hopefully hackers can bring us sound money again. Sound money as in money not debt money created out of thin air.

The FED is privately owned by the big banks, see "The creature from Jekyll Island". The senator Aldrichs daughter who was on the island was married to one of the bankers. The by bank created new debt money out of thin air blows up assets bubbles that the central bankers later ride in and try and save, by saving the debt bubbles losses are socialized ie its burden is put to the people through inflation instead of the bank owners/bond holders taking the losses. Central banks centrally plan the price of new money by controlling the interest rate.

It would be good if more viewed the documentary film "The four horsemen".

[TDL]

If the FED is private why does turn it's profits over to the US Treasury every year? Why is the Chairman & members of the Board of Governors nominated by the President & confirmed by the U.S. Senate.

I don't like the Federal Reserve either, but ignorance & conspiracy theories of the way the system actually works does no one any good.

"The members of the Board of Governors are nominated by the President of the United States and confirmed by the U.S. Senate." http://www.federalreserve.gov/faqs/about_12591.htm