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Isn't it amazing how all of these details are coming out now, after the election? Drudge says the GE news outlets failed to mention that GE (as well as Harley-Davidson, Toyota (?), Verizon, etc.) got some, too. This, in addition to Wall Street and some foreign banks in Europe and Asia.
"The Fed launched emergency programs totaling $3.3 trillion in aid, a figure reached by adding up the peak amount of lending in each program. Companies that few people would associate with Wall Street benefited through the Fed's program to ease the market for commercial paper, a form of short-term debt used by major corporations to fund their daily activities. The data revealed that the Fed continued making purchases into the summer of 2009 - after the official end of the recession - showing that it was still concerned about a fundamental part of the financial system even as economic growth was returning."
Location: In a Galaxy far, far away called Germany
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We can never go wrong by auditing the Feb. Ron Paul (and many Americans) want fiscal accountability and that is something neither the Republican nor Democratic party want.
He is just as bad as all the other members of Congress with respect to the truth.
The truth is this:
The national debt, in excess of 13.5 trillion dollars, is a complete fraud.
By law, Congress has the power to BORROW money. Which means it has no power to create money, nor did it grant such non-existent power to the Federal Reserve corporation.
Pursuant to the Coinage Act of 1792, 13.5 trillion dollars computes to 650 billion ounces of gold.
World wide above ground supply is 5.3 billion ounces (2007 est.).
{Fort Knox has 147.4 million ounces.}
Where's the 13.5 trillion "lent" to Congress?
Where's the 650 billion ounces "lent" to Congress?
If the gold never was lent, what is the basis for the debt?
FRAUD.
And Ron Paul won't denounce that debt, nor will any other Congressman because of the 14th amendment, section 4.
He is just as bad as all the other members of Congress with respect to the truth.
The truth is this:
The national debt, in excess of 13.5 trillion dollars, is a complete fraud.
By law, Congress has the power to BORROW money. Which means it has no power to create money, nor did it grant such non-existent power to the Federal Reserve corporation.
Pursuant to the Coinage Act of 1792, 13.5 trillion dollars computes to 650 billion ounces of gold.
World wide above ground supply is 5.3 billion ounces (2007 est.).
{Fort Knox has 147.4 million ounces.}
Where's the 13.5 trillion "lent" to Congress?
Where's the 650 billion ounces "lent" to Congress?
If the gold never was lent, what is the basis for the debt?
FRAUD.
And Ron Paul won't denounce that debt, nor will any other Congressman because of the 14th amendment, section 4.
jetgraphics is not right, nor is he on point.
To say he won't denounce the debt is a joke. He has spoken many, many times about this same subject.
btw Ron Paul wants to audit the gold in Fort Knox.
jetgraphics is not right, nor is he on point.
To say he won't denounce the debt is a joke. He has spoken many, many times about this same subject.
btw Ron Paul wants to audit the gold in Fort Knox.
Show the proof on Ron Paul's site that he is a proponent of VOIDING the public debt.
It's obviously a fraud, but Ron Paul won't dare whisper that out loud.
Show the proof on Ron Paul's site that he is a proponent of VOIDING the public debt.
It's obviously a fraud, but Ron Paul won't dare whisper that out loud.
Voiding? I missed your point. Who is talking about voiding and why would they? Lowering the debt is the policy.
Voiding? I missed your point. Who is talking about voiding and why would they? Lowering the debt is the policy.
I apologize. I forgot to include the references in support. Basically, the public debt is a fraud, and cannot be paid off - ever. Which is why we have lived for 77 years under a perpetual State of Emergency.
Federal Reserve notes are "dollar bills" (debt), not dollars (coin).
FRNs were repudiated in 1933, and have no par value (worthless).
They are backed by "all the goods and services" (i.e., YOUR PROPERTY), by virtue of FICA.
The national debt, denominated in dollars, cannot be paid with dollar bills (debt cannot pay debt).
Pursuant to Title 12 USC Sec. 411, FRNs are obligations of the U.S. government and the government will accept them in lieu of lawful money (coin).
The national debt, pursuant to the Coinage Act of 1792, computes to an obligation to pay 650 billion ounces of gold, stamped into coin. World wide supply (est. 2009) is 5.3 billion ounces of gold. (Where IS all the gold dollars lent to Congress to substantiate owing over 13 trillion dollars?)
And it is illegal to question the validity of this impossible debt, pursuant to Amendment 14, section 4.
Senate Report 93-549 War and Emergency Powers Acts
"A majority of the people of the United States have lived all of their lives under emergency rule. For 40 years (1933-1973), freedoms and governmental procedures guaranteed by the Constitution have, in varying degrees, been abridged by laws brought into force by states of national emergency."
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