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<p>[QUOTE=&quot;mrbrklyn, post: 999961, member: 4381&quot;]Yeah they are...&nbsp; WILDLY.&nbsp; First, you said that Congress can create a private enterprise...NONSENSE.&nbsp; It is legal nonsense, and just plain nonsense.&nbsp; Only private individuals, or private corporations owned by private individuals can create such private enterprises.&nbsp; This is not Venezuela, Congress can&#039;t, for example, nationalize the oil industry and give it to their favorite donor.&nbsp; That is what the Takings Clause in Article 5 of the Constitution is about.</p><p><br /></p><p>All Congressionally created agencies that Congress creates, whether independent or under direct executive branch control, is paid for through the tressury and get paid with those little checks with the Statue of Liberty on them that you see.</p><p><br /></p><p>As for the assets issue, you seem to be lost about how the Federal Reserve distributes money.&nbsp; On the expansion of the money supply, Private Banks BORROW money from the Federal Reserve.&nbsp; They exchange a paper note to the Fed for Cash.&nbsp; That is how &quot;assets&quot; are balanced.&nbsp; The purpose of this is to maintain control of the money supply as economic policy, AND to create a smooth continence of double entry accounting for auditing purposes.&nbsp; It has NOTHING to do with the Fed being a private organization.</p><p><br /></p><p>It is LOCK, STOCK and BARREL a federal agency.&nbsp; Until you admit that, there is really no point to further this conversation, because your proposing that the world is flat.&nbsp; The world is not flat and the Fed is a Government Agency, no different than NYC&#039;s MTA.</p><p><br /></p><p>Ruben[/QUOTE]</p><p><br /></p>

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