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 UPS Question!?
I ordered a package online and had it shipped via UPS. I checked the UPS tracking site today and it said the package had been delivered, but I can't find it on my doorstep or anywhere in my ...


 What advantages diversity can bring to an organisation?
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 How does Fedex or UPS ensure next day delivery to almost anywhere from anywhere and still turn a profit?
I mean literally how do all these packages get from so many Point A's to so many Point B's?
Additional Details
Specifically, do higher volume routes finance lower volume routes?...


 Did I do good...?
I've found a laser thing to clean the acne that someone left in the hotel I work for. I waited the 90 days that is the time the hotel has to wait for the person to calim back a lost and found, ...


 Who do you trust more, FedEx or UPS? and why.?
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 Why do people want Yahoo sold to Microsoft?
Why are billionaires and stockholders trying to get Yahoo sold to Microsoft? One billionaire in particular has spent over a billion dollars on buying up Yahoo so he may gain more control.
Don...


 What is risk, if I send my bank details to random addresses asking to donate many for my projects?
Is it legal? Is it safe? Do I need to pay tax?...


 Is it possible for America to build factories that make the stuff china makes?
Build our own factories to build the stuff they build, only without lead? Also, can we make outsourcing illegal?...


 Does a company have to pay you for when you voted?
I was gone an hour in the morning to go vote in the election. I thought I heard that you get paid for up to 2 hours for voting.I live in Oklahoma. I can't find any info on this. Does anyone know ...


 How to manage a stubborn employee?
I run a hair saloon & have 5 employees. It has been a year. I find it lately my employees show disrespectness like, talking back to you in a rude way, many non-sense / unnecessary complains, lazy,...


 How was Apple Inc. Started?
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 Why are ethics important in business, when the aim of a business is to maximise shareholder wealth?
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 I need a powerful name for a company I'm creating.....?
The company will deal with increasing energy efficiency......so that households and businesses use less energy.....thus the company is economic and ecological........
Do you have any suggestions ...


 What are some unethical companies?
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 What is strategic management?
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 Why the price of batteries are 99 cents in 99 cents stores but in other stores such as safeway are e.g. $6?
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 Will Wal-Mart hire convicted felons?
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 My hairdresser tried to rip me off! What can be done?
Hi. I went to get a haircut and as she cut it, she said "f * * * you" to me as she was doing it and insalted me! NO joke! Then, when I went to pay i pulled out my money and she saw and ...


 What age does businesses like Wal-mart/restaurants hire at?
I turned 13 years old in september, and i have been wanting to buy a few expensive things. The only problem is that my family is poor, and i don't know the first thing about getting (or knowing ...


 What is the biggest drug maker in the US?
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durst_suxx
Does the Federal Reserve actually have a Gold reserve?
We all know the Fed is a privately owned bank that sells the US it's own money with interest when congress could actually print it's own money free of interest. So why would we pay a big bank for money we can make on our own with legitimate back-up?
                     
 




pretzel2222
Uh, we do all know that the federal reserve is a privately owned bank? I think you're the only person who "knows" that.

You need to do a little reading

http://www.federalreserve.gov/generalinfo/faq/faqfrs.htm#1


Alfie333
We have some gold, even though we are not on the gold standard, the USMINT still turns out Gold Coins.If you doubt me, go to www.usmint.gov.


ed
Nope!

We are no longer on the gold standard.

Try to imagine a congress in control of all our money. TRY!


gsschulte
printing money devalues the currency. every dollar is a debt for the reserve and they sell bonds to raise or lower the interest rate to keep inflation (a tax currency puts on itself) at a constant. and no our dollar is not backed by gold. it is backed by the the full faith and power of the us economy, the only thing our money is tied to is a weak link to oil being traded in dollars per barrel instead of a foreign currency


wizard
no


gray shadow
Rating
Believe it or not, Yes, the Fed does have a gold reserve.

Check out the Federal Reserve balance sheet and you'll see they have about $11B in gold stock. (Ref: http://www.federalreserve.gov/releases/h41/Current/ ).

As a side note, the Federal Reserve bank of New York reportedly has the largest gold repository in the world, even more than Fort Knox. It holds approximately 5000 tons of gold. However, they are just caretakers of this gold for other countries(Ref:
http://en.wikipedia.org/wiki/Federal_Reserve_Bank_of_New_York )

- The statement that the Fed is privately owned is not wholly correct.The Federal Reserve System is organized with a government agency at the top (the Board of Governors), and branches beneath them that resemble private corporations. (http://www.federalreserveeducation.org/fed101/structure/ )

The Board of Governors are all appointed for 14-year terms by the president and confirmed by congress. It operates per it's charter and laws set by congress. it is overseen by congress. There is no structure or mechanism for private ownership at this level. Board members are forbidden by law to have any economic interest in a private bank.

The 12 branches, however, are organized similar to private corporations.

- Also, at the end of the year, the Federal Reserve gives all profit (after expenses) to the Treasury. All that interest they get from T-Bills? Most of it is returned.


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