Frequently Asked Questions
Is the Federal Reserve a private bank?
Yes! The truth is that the Federal Reserve is a private banking cartel that has been designed to systematically destroy the value of our currency, drain the wealth of the American public and enslave the federal government to perpetually expanding debt.
Who owns the Federal Reserve?
Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.
What is a fractional reserve banking system?
Fractional-reserve banking is the practice whereby a bank retains funds equal to only a portion of the amount of its customers’ deposits as readily available reserves (currency on hand at the bank plus deposit accounts for that bank at the central bank) from which to satisfy demands for payment. The remainder of customer-deposited funds is used to fund investments or loans that the bank makes to other customers.
What is liberty?
The state of being free within society from oppressive restrictions imposed by authority on one’s way of life.