Kurt Nimmo
October 10, 2011

During the protest in San Antonio at the Federal Reserve on Sunday, a man we initially identified as a police officer admitted that the Fed is private, not a federal agency.

It turns out that the man who asked Alex Jones and fellow demonstrators to leave what he described as private property was not a San Antonio police officer as originally identified, but a captain of security at a privately owned institution that masquerades as a federal agency.

“It’s not a federal building,” he said.

Since 1913 the Federal Reserve has given the impression it is an agency of the federal government when in fact it is privately owned by banks.

photoA private property sign at the Dallas Federal Reserve.

Despite the fact it was established by an act of Congress, the Fed is the operating mechanism of the nation’s central banking system and is organized as a private corporation.

The Fed’s economic decisions are not ratified or signed off on by the president, Congress or anybody else in the executive or legislative branches of government. Congress is supposedly given “oversight” of the Fed, but this amounts to little more than a review after bankers have taken action on the economy.

The Fed’s shareholders are private banks. “In fact, 100% of its shareholders are private banks,” notes Ellen Brown. “None of its stock is owned by the government.”

Alex Jones and the demonstrators gathered at the Fed branch in San Antonio were in fact trespassing on private property.

Security at the private institution had no choice but to admit this.

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