A new report claims U.S. intelligence uses the Federal Reserve to analyze the asset holdings of the central banks of Russia and China
Conspiracy Theory Confirmed: Federal Reserve Exposed Working as Arm of US Intelligence
While some may have called it a conspiracy theory at one point, a new report is shedding light on the United States Intelligence services’ cozy relationship with the nation’s central banking structure, and how they collaborate to spy on foreign banks.
Confidential accounts within the Federal Reserve have been used by the U.S. Treasury and other departments “several times a year to analyze the asset holdings of the central banks of Russia, China, Iraq, Turkey, Yemen, Libya and others,” according to a report from Reuters that cites more than a dozen current and former senior U.S. officials.
“The U.S. central bank keeps a tight lid on information contained in these accounts. But according to the officials interviewed by Reuters, U.S. authorities regularly use a ‘need to know’ confidentiality exception in the Fed’s service contracts with foreign central banks.”
The report claimed that the exception was used by U.S. federal officials “to glean information about the movement of funds in and out of the accounts.” That information was then used to help the U.S. “monitor economic sanctions, fight terror financing and money laundering, or get a fuller picture of market hot spots around the world.”
The report cited a case from March 2014, in which U.S. intelligence used the Federal Reserve loophole to monitor Russia after its invasion of Crimea. As a result, when the Obama administration responded by placing economic sanctions on Russia, and the foreign holdings at the New York Fed dropped by $115 billion, the U.S. automatically knew that Russia’s central bank had pulled its funds.
While the report does serve as a reminder of the capabilities of U.S. intelligence, it shouldn’t come as a surprise. Countries such as Iraq, Libya and Syria have all felt the wrath of the United States after their respective leaders chose to drop the U.S. dollar—and each invasion should serve as a reminder of the power of coercion between the government and the media to push an agenda that furthers the U.S. central banking system.
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