Glenn Beck Goes Deep Into Federal Reserve "The Creature from Jekyll Island" Author G. Edward Griffin

Glenn Beck Goes Deep Into Federal Reserve "The Creature from Jekyll Island" Author G. Edward Griffin. 11 years ago

Who owns the FED?"The government could go to the FED and obtain instant money without having to consult the taxpayer... Money created out of nothing and then given to the government. It's loaned by the banks to you and me and then we pay interest on it and then it goes to them. Interest on nothing. Again, the FED is nothing more than a cartel.. This cartel that brought the federal government into a partnership where you and I have to answer to it...The FED is privately owned but by whom? Good question.. No one knows. We can't open their books and we don't know who owns them.

Original Source
https://www.youtube.com/watch?v=oM-cRrypG-g

Edward Griffin succinctly explains what the Federal Reserve System actually is:
"It's a cartel. It's not a government agency, it has the appearance of it being a government agency. They went to great lengths to give it that facade... In it's essence, It's a cartel... They got together. They drew up the rules and regulations for their own industry.. To self regulate their own industry.. It's what cartels do. And then they sent it to congress and they took off the label off the top that said 'banking cartel' and they erased that and they said 'Federal Reserve Act.'
Congress passed it into law. And that's why we think it's a government agency it's because if you don't obey the rules that they set down for their own industry you go to prison."