The Federal Reserve Bank is privately owned by member banks. If those member banks have either sold out to China or are bought for pennies on the dollar by them when the dollar crashes, then Beijing will own the American Federal Reserve Bank. Though at that point we could no longer call it American.
China has bought 60% of all the real estate in the Financial District of South Manhattan. This includes the J P Morgan Chase headquarters building at one Chase Plaza which has the largest private bold bullion vault in the world. It is next door to the New York Federal Reserve vault. When Dr Jim Willie saw the price the Chinese paid for the building, he wondered if that was a typo. After he confirmed the price, he began speculating that J P Morgan might have lost a bundle and avoided bankruptcy by selling out to Beijing at a discounted price. He then began wondering whether or not the Chinese were taking over the Federal Reserve. Continue reading “The Russo-Chinese Pincer Movement Against The US Treasury and The FED”

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