Did you know that the Federal Reserve is not a government entity? They aren’t. They are a private Bank that works with the federal government. However, did you know that they were also vested with police powers? That’s right, a non-government bank has police powers via the federal government.
The USA Patriot ACt of 2001, which is anything but patriotic, bestowed domestic police powers on the 12 privately owned Federal Reserve Banks.
Section 364 of the Act,
“Uniform Protection Authority for Federal Reserve,” reads: “Law enforcement officers designated or authorized by the Board or a reserve bank under paragraph (1) or (2) are authorized while on duty to carry firearms and make arrests without warrants for any offense against the United States committed in their presence…Such officers shall have access to law enforcement information that may be necessary for the protection of the property or personnel of the Board or a reserve bank.”
The police officers are technically known as FRLEO, short for Federal Reserve Law Enforcement Officer. The system has its own police academies for training, their own patch and badges, uniforms, pistols, rifles, police cars and the power to arrest coast to coast without a warrant. They have ranks of Sergeant, Lieutenant, Captain and a recruitment ad campaign with the slogan: “It’s about respect and recognition from your peers. It’s you.”
The FRLEOs employed by the Federal Reserve Board of Governors in Washington, D.C. are considered employees of the Federal government since the Board is a government entity. Each of the 12 Federal Reserve Banks, as settled law under Lewis v. United States confirms, is a private corporation owned by commercial banks in its region. An email to several of the Federal Reserve Banks confirmed that they regard their FRLEOs to be privately employed by the bank.
There is also the obvious question as to why the expense, training and potential liability of armed police would be necessary when all of the Federal Reserve Banks are in cities with large municipal police forces. With private bankers sitting on the Boards of each of these Reserve Banks, many of whom are officers of banks under criminal investigation, there is the serious need for Congressional investigation into how the Nation’s criminal databases are being used by the private sector as well as the further chilling of protest and dissent from another new sheriff in town.
In addition, FRLEOs now even have their own Federal Reserve Policemen’s Benevolent Association, Local 385. The group’s Facebook page carries the statement that it is a “government organization.” The site says the group “was established to create a fraternal organization for its membership and to act on behalf of the members as a liaison between the New Jersey State PBA and all other police agencies within the state and the country.”
This is way past the beginning though. We are far deeper into the merging of banks and government than ever and this, along with deficit spending is what is taking us off the fiscal cliff. Attributed to Thomas Jefferson, though without any evidence, the following quote is poignant to the situation at hand:
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“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
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