The Federal Reserve, a Privately Owned Banking Cartel, Has Been Given Police Powers, with Glock 22s and Patrol Cars

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In addition to regular policing functions, the Federal Reserve police have been observed in airports with rifles, functioning as dignitary protection teams.  Various recruitment ads confirm that this is sometimes part of the job. 

Buttressing the private nature of the Federal Reserve Banks, the Maiden Lane building that the Occupy Wall Street protesters were swarming around this morning, chanting “F*** the Fed,” was purchased on February 28, 2012 by the New York Fed, which had previously been leasing the building. According to the press release the “Federal Reserve Bank of New York (New York Fed) today announced that it has acquired the building at 33 Maiden Lane for $207.5 million from Merit US Real Estate Fund III, L.P. and established a new, wholly owned limited liability company called Maiden & Nassau LLC to serve as owner of the building.”

The Federal Reserve Building up for sale at 301 Rosa L. Parks Avenue in Nashville has this slogan engraved on the building: “Federal Reserve System Through Which Our Banks and Government Join Hands to Further the Enduring Prosperity of American Commerce, Industry and Agriculture.”

There is nothing in that motto that shows a concern for the average American. And that’s the problem inherent in the continuing venting of anger against Wall Street banks and their perceived crony patrons at the Fed who gave them trillions of dollars in low-cost bailout loans and then fought a court battle to keep the loans a secret.  That domestic policing functions have now been added to the mix can only create more suspicions and hostility. 

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.