- For those of you who think I am making things up about Illuminist privately owned central banking cartel. Here is a 1982 court case that states very clearly that the Federal Reserve is not federal (nor do they have any reserves)! These central banks are privately owned Illuminist corporations! They are the real rulers/owners of the US government. See also: Chart of who “owns” the Federal Reserve. (emphasis mine)
Court Rules Federal Reserve is Privately Owned
Case Reveals Fed’s Status as a Private Institution
Below are excerpts from a court case proving the Federal Reserve system’s status. As you will see, the court ruled that the Federal Reserve Banks are “independent, privately owned and locally controlled corporations”, and there is not sufficient “federal government control over ‘detailed physical performance’ and ‘day to day operation'” of the Federal Reserve Bank for it to be considered a federal agency:
Lewis v. United States, 680 F.2d 1239 (1982)
John L. Lewis, Plaintiff/Appellant,
United States of America, Defendant/Appellee.
United States Court of Appeals, Ninth Circuit.
Submitted March 2, 1982.
Decided April 19, 1982.
As Amended June 24, 1982.
Plaintiff, who was injured by vehicle owned and operated by a federal reserve bank, brought action alleging jurisdiction under the Federal Tort Claims Act. The United States District Court for the Central District of California, David W. Williams, J., dismissed holding that federal reserve bank was not a federal agency within meaning of Act and that the court therefore lacked subject-matter jurisdiction. Appeal was taken. The Court of Appeals, Poole, Circuit Judge, held that federal reserve banks are not federal instrumentalities for purposes of the Act, but are independent, privately owned and locally controlled corporations.
Federal reserve banks are not federal instrumentalities for purposes of a Federal Tort Claims Act, but are independent, privately owned and locally controlled corporations in light of fact that direct supervision and control of each bank is exercised by board of directors, federal reserve banks, though heavily regulated, are locally controlled by their member banks, banks are listed neither as “wholly owned” government corporations nor as “mixed ownership” corporations; …..
Poole, Circuit Judge:
On July 27, 1979, ….. The district court dismissed, holding that the Federal Reserve Bank is not a federal agency within the meaning of the Act and that the court therefore lacked subject matter jurisdiction. We affirm.
….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.
The Banks are listed neither as “wholly owned” government corporations under 31 U.S.C. Sect. 846 nor as “mixed ownership” corporations under 31 U.S.C. Sect. 856 ….. Additionally, Reserve Banks, as privately owned entities, receive no appropriated funds from Congress. ….