I thought it would be a good time to write this seeing as the GOVERNMENT TOOK CONTROL OF AIG recently.
The Fed is part of the government, just like the CIA. The CIA
is the government, just like the Fed
is the government, just like the USPS
is the government. The Federal Government does not oversee day to day operations of these independent agencies.
They are all
independent agencies, whose regulations become federal law (see U.S Code), and who do their "own thing" for the most part.
That's probably where the confusion comes in, and where these people get off saying they are "privately owned."
They are certainly part of the government, but don't strictly fall under the three main branches. It certainly has private aspects, but those aspects
are controlled BY the Federal Reserve system (i.e. government) The Federal Reserve (government) CONTROLS private banks. The Board of Governors are
selected by the PRESIDENT OF THE UNITED STATES. All the Federal Reserve is, is a government overlay acting to control/regulate private banks. That
just means it unifies and centralizes the nations member banks under one central authority - the government... governors who were appointed by the
president.
All of the member banks are private, OF COURSE! You can start a bank if you want, and become a member!! Yay! (no, you don't have to be a Jew, or part
of the Illuminatti - but maybe this is your best chance to get in
)
The member banks include national banks (federally chartered), state banks (state chartered) and there are also private nonmember banks, who are not
members of the federal reserve system - like your new bank... but you should join the Federal Reserve systems and collect that nice dividend.
The national and state
chartered PRIVATE banks are members of the Federal Reserve system, and are "leased" stock in the 12 federal reserve
banks. This stock is not tangible and you can't do anything with the stock except collect a fixed dividend from the government based on how much of
this "fiat stock" you "own". The more banks that join the system, they just give out more fiat stock and pay a small dividend. It's just as
worthless as the fiat money. The only thing it is good for is to collect interest.
The Federal Reserve Banks ARE NOT FEDERAL INSTRUMENTALITIES for the purposes of the FEDERAL TORT CLAIMS ACT so they can not be sued as a federal
instrumentality. They are however federal instrumentalities in many other regards - Lewis v. United States (
The part about the Federal Tort Claims
Act is ALWAYS left out on conspiracy sites that give quotes)
What happened was that Lewis, a federal employee, got hit by a van owned by a federal reserve bank and wanted to sue them. The court ruled:
"Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not
federal instrumentalities
for purpose of the FTCA, but are independent, privately owned and locally controlled corporations.”"
FTCA=Federal Tort Claims Act.
The 12 Federal Reserve banks over overseen by a board of directors, 6 elected by the member banks (that includes a vote from YOUR NEW BANK) and 3
appointed by the board of governors who were appointed by the President of the United States. The directors decisions are subject to approval by the
board of governors.
The District Court dismissed the case by ruling that the federal reserve bank was not a federal agency within meaning of the Federal Tort Claims
Act and the court therefore lacked subject-matter jurisdiction. The Appeals court affirmed the decision.
nesara.org...
The federal reserve certainly isn't a federal agency.
en.wikipedia.org...
It is an independent agency, just like many many others.
en.wikipedia.org...
the Supreme Court held that a community action agency was not a federal agency or instrumentality for purposes of the [Federal Tort Claims] Act,
even though the agency was organized under federal regulations and heavily funded by the federal government.
Because the agency's day to day operation was not supervised by the federal government, but by local officials, the Court refused to extend
federal tort liability for the negligence of the agency's employees.
Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks. Unlike typical federal agencies,
each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are covered
by worker's compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act. Employees traveling on Bank business
are not subject to federal travel regulations and do not receive government [**7] employee discounts on lodging and services.
www.geocities.com...
From the same case:
The Reserve Banks [n]have properly been held to be federal instrumentalities for some purposes.
The Reserve Banks are deemed to [**10] be federal instrumentalities for purposes of immunity from state taxation.
and
Brink's Inc. v. Board of Governors of the Federal Reserve System, 466 F. Supp. 116 (D.D.C.1979), held that a Federal Reserve Bank is a federal
[**12] instrumentality for purposes of the Service Contract Act, 41 U.S.C. § 351.
and
Such a liberal construction of the term "federal agency" for purposes of the [Federal Tort Claims] Act is unwarranted. Unlike in Brinks, plaintiffs
are not without a forum in which to seek a remedy, for they may bring an appropriate state tort claim directly against the Bank; and if
successful, their prospects of recovery are bright since the institutions are both highly solvent and amply insured.
For these reasons we hold that the Reserve Banks are not federal agencies for purposes of the Federal Tort Claims Act and we affirm the
judgment of the district court.
Done. They are OF COURSE Privately owned, like Airlines and Telecom!! This isn't a socialist country - but, they are FEDERALLY REGULATED just as
everything else is.
