Hidden Ways to Limit Firearm Ownership

Provincial · Feb 6, 2025

We have seen many ways taken to limit access to firearm ownership. The most visible are things like age limitations and background checks, but there are more insidious methods, some of which are indirect. Yesterday, in a Senate Banking Committee hearing, an excerpt from a Federal Reserve Bank internal handbook (not a public document) was revealed. It directed staff to consider the following question when granting a bank access to the Federal Reserve payment system, which is essential for any bank to be more than "a vault" that can only hold money for its customers. In other words, cut its customers off from having checks and electronic payments cleared with other banks.

This excerpt reads: "Is the institution's leadership associated with controversial commentary or activities?"

In the discussion at the hearing, the consensus was that this gave unlimited discretion to the Federal Reserve Bank to monitor the speech and activities of the banks it services, and block them from functioning if engaged in activities protected by the First Amendment, and others.

Remember when the credit card companies attempted to refuse to honor credit card use to pay for firearms? This may be an example of a hidden program to limit civil rights by indirect, hidden means. Firearm uses are easily described as "controversial activities" by many.

A Federal Reserve Bank is an interesting animal. It isn't a part of government, but the Chairman of the Federal Reserve Board is appointed by the President, and confirmed by the Senate. According to Wikipedia:

The Reserve Banks are organized as self-financing corporations and empowered by Congress to distribute currency and regulate its value under policies set by the Federal Open Market Committee and the Board of Governors. Their corporate structure reflects the concurrent interests of the government and the member banks, but neither of these interests amounts to outright ownership.

So, not being a part of government, these banks can make up their rules like private enterprises. This is scary! What if the Federal Reserve Bank decided that any firearm related banking activity was "controversial," and prohibited the banks it serviced from handling such transactions?

Imagine if you would have to use cash to buy a firearm, or ammunition. It would be hard to do if you couldn't be face to face. Harder yet to run a FFL. How would you pay for your inventory?

One Senator dug this up and started asking questions. Thank God she did!

View: https://www.youtube.com/watch?v=foAYa3NE57A

Provincial · Feb 6, 2025

Remember this?

https://en.wikipedia.org/wiki/Operation_Choke_Point

Lilhigbee · Feb 6, 2025

Have you read The Creature From Jekyll Island yet?? You should!! When Trump starts swinging at the Federal Reserve system I'll know he's truly trying to save our country.