Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters:
(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.
Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke.
The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. central bank’s board whose salaries outstrip $130,810, which is the top of the government’s pay scale in most areas.
Republicans in the U.S. House of Representatives have sponsored a bill that would require the Fed to divulge that information publicly.
“It certainly bolsters the case for more oversight,” said Maggie Seidel, a spokeswoman for New Jersey Republican Scott Garrett, a co-sponsor of the bill.
As of July 31, the Fed’s inspector general led the list with an annual salary of $312,000, followed by the central bank’s four division directors, its general counsel and its chief operating officer, who each earn a base of $265,000.
Not a bad gig. All you have to do is be complicit in the destruction of the American middle class.
In Liberty,
Michael Krieger
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Hmmm
So figure in round numbers those 113 make about 300,000 with pay and benefits. And yet they still claim the FED is “non profit” And people seem to always neglect to mention the fact that the debt is paying 6% to the FED member banks. And of course that are literally hundreds of side deals that in one way shape or form involve turning a profit for the owners of the FED. And just as a reminder about half of the “owners” of the FED are foreign nationals. And the US government hence the American people have zero ownership and zero control over the FED. The Constitution is very specific that only the Congress and US Treasury have the rights that are currently bestowed upon a private FOR PROFIT banking cartel controlled by foreign interests. I am sure that if any of the founders could travel forward in time to view this debacle the very first word out of their mouth would be treason.
Gosh, how could a huge proportion of Federal Reserve employees be making more than the maximum usually possible for Federal government employees?
It’s almost as though the Federal Reserve is not federal, not part of the U.S. government at all.
Isn’t it ALL great! The Fed tells their buddies or vice versa when the market is going to go up or down. They profit on every turn. And they get to sit around in fancy suits, looking almighty important, to do exactly what for America?
The worse part is Warren Buffett, everyone’s favorite jerk to worship, cannot say enough good things about Banana Ben and Co. That is when you KNOW Buffett himself clearly crossed the Rubicon when all his non-controlled financial companies would have burnt to the ground costing Buffett 10s of billions and his rotten to the core legacy to boot.
Oh well. At least at this rate there will be no more copper, silver, oil, or water for the world since the Fed has clobbered anyone or anything that produces anything even remotely real.
Time to go buy some Netflix, Amazon, and Coke stock pronto Monday morning and join the damn crowd. This week proved that the Fed will print any amount of money necessary to MAKE sure the stock market never falls very far again. We are truly living in the most historical time ever. Suck it in and enjoy it I guess.
It is going to be a real barn burner.
this 250,000 is fine. that’s fine to pay someone doing good work. it’s not excessive.
fed chair people get their excessive compensation on the back end by ensuring the revolving door to the banks and to their buddies funds pays them. .
the fed feeds their member owner banks information and these same peopel wind up going to the big banks and funds—like GEITNER DID FROM THE FED TO THE TREASURY TO some hedge fund.
also—he gets obscene ‘fees’ for ‘speeches’ which are essentially just cover for payoffs .
http://americablog.com/2013/07/tim-geithner-speaking-fees-goldamn-sachs-aig.html
the clintons get the same thing. masking over illegal payoffs as ‘speaking fees’ is paid by private funds and even by ‘non-profit’ universities such as harvard—whose board of directors includes hendge fund owners getting info from the fed——is just another way of laundering these illegal bribes as legal open payoffs.
there’s a million ways to skin a cat. on wall street 250,000k is nothing. and to be fair. while is a couple times the mean salary in the northeast, it completely misses the mark in defining what outraegous profiteering is going on.
so BIG TIME FAIL KREIGER.
Best zh article in a while. And good comments below it.
http://www.zerohedge.com/news/2014-10-18/reading-road-map-police-state
Hey Michael,
As a fan of your work and this site, I returned today searching for something you’d written previously to refer to. I’ve started to use Tor for my every day web use, as it seems to me the only reasonable response to being spied upon constantly is to stop using the systems that enable that spying, and I believe Tor to be effective. However because your site is on cloudflare, I then have to enter a captcha and refresh the page a couple of times to allow scripting to work. Given that I’d imagine you at least understand my reasons for using Tor, a humble request that you stop making it harder for Tor users to surf your site. Cloudflare does this by default, demanding captchas from Tor users, I’d imagine there are other providers out there that protect against DDoS without discriminating against those who value their anonmyity.
cheers,
Simon.
If you know of a free alternative to Cloudflare that adequately protects against DDOS we would be more than happy to look into it. Otherwise, this is our best option, all things considered. Yes, it makes using Tor less than seamless, but you still can.