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It is important to note that the Federal Reserve is a private company, it is neither Federal nor does it have any Reserve. It is conservatively estimated that profits exceed $150 billion per year and the Federal Reserve has never once in its history published accounts.
It's really scary reading 7 pages of garbage from people who clearly do not know the first thing about how the Federal Reserve was formed or operates.
The Federal Reserve was created by Congress, via an act that was signed by President Wilson:
It does not take orders from Britain and it does not report to the President. The members have set terms and the governors have a 14 year term, except the chair, which has a four year term.
Thus, even under the miniscule chance that Ron Paul was elected President, he could not singularly abolish the Fed.
End of story.
Quote:
Originally Posted by ergohead
The Federal Reserve Act is unconstitutional.
So go challenge it if you've got lots of time on your hands.
While you're at it, you can tilt at windmills, Don Quixote.
It's really scary reading 7 pages of garbage from people who clearly do not know the first thing about how the Federal Reserve was formed or operates.
The Federal Reserve was created by Congress, via an act that was signed by President Wilson:
It does not take orders from Britain and it does not report to the President. The members have set terms and the governors have a 14 year term, except the chair, which has a four year term.
Thus, even under the miniscule chance that Ron Paul was elected President, he could not singularly abolish the Fed.
End of story.
So go challenge it if you've got lots of time on your hands.
While you're at it, you can tilt at windmills, Don Quixote.
1913: On March 4, Woodrow Wilson is elected the 28th President of the United States. Shortly after he is inaugurated, he is visited in the White House by Samuel Untermyer, of law firm, Guggenheim, Untermyer, and Marshall, who tries to blackmail him for the sum of $40,000 in relation to an affair Wilson had whilst he was a professor at Princeton University, with a fellow professor's wife.
President Wilson does not have the money, so Untermyer volunteers to pay the $40,000 out of his own pocket to the woman Wilson had had the affair with, on the condition that Wilson promise to appoint to the first vacancy on the United States Supreme Court a nominee to be recommended to President Wilson by Untermyer. Wilson agrees to this.
They set up their last and current central bank in America, the Federal Reserve. Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act on December 23, 1913
"The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized.......The greatest crime of the ages is perpetrated by this banking and currency bill."
1913: On March 4, Woodrow Wilson is elected the 28th President of the United States. Shortly after he is inaugurated, he is visited in the White House by Samuel Untermyer, of law firm, Guggenheim, Untermyer, and Marshall, who tries to blackmail him for the sum of $40,000 in relation to an affair Wilson had whilst he was a professor at Princeton University, with a fellow professor's wife.
President Wilson does not have the money, so Untermyer volunteers to pay the $40,000 out of his own pocket to the woman Wilson had had the affair with, on the condition that Wilson promise to appoint to the first vacancy on the United States Supreme Court a nominee to be recommended to President Wilson by Untermyer. Wilson agrees to this.
They set up their last and current central bank in America, the Federal Reserve. Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act on December 23, 1913
"The Act establishes the most gigantic trust on earth. When the President signs this Bill, the invisible government of the monetary power will be legalized.......The greatest crime of the ages is perpetrated by this banking and currency bill."
It's really scary reading 7 pages of garbage from people who clearly do not know the first thing about how the Federal Reserve was formed or operates.
The Federal Reserve was created by Congress, via an act that was signed by President Wilson:
It does not take orders from Britain and it does not report to the President. The members have set terms and the governors have a 14 year term, except the chair, which has a four year term.
Does the Federal Reserve Act have a clause overturning this constitutional mandate?
Section 10.
"No state shall make anything but gold and silver coin a tender in payment of debts;
It can be stretched without losing its integrity like paper does.
That doesn't matter, it is the supply and perceived value that is worth money. China is the number one miner of gold now, they could mess with us if we had a gold backed currency.
Plus the elite own most of the gold, they would just screw us again.
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