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Article 1, Section 8 of the Constitution explicitly delegates those powers to Congress.
Congress also has the power delegate the issuance of our own money without the use of a private central bank... That's what Lincoln did... That's what Kennedy did... Andrew Jackson eliminated the 2nd Bank of the United States... an earlier incarnation of the British controlled "Fed"... They tried to assassinate Jackson as well but missed...
Congress also has the power delegate the issuance of our own money without the use of a private central bank... That's what Lincoln did... That's what Kennedy did... Andrew Jackson eliminated the 2nd Bank of the United States... an earlier incarnation of the British controlled "Fed"... They tried to assassinate Jackson as well but missed...
Kennedy was so fed up (no pun intended) with the Fed and its then-chairman William McChesney Martin (literally born into the Fed, as his father had been one of the architects of the Federal Reserve Act and governor of the Kansas City Fed) that he issued an executive order to give the Treasury Department the right to issue silver certificates. This was only briefly implemented.
The Patman Report (issued by the House Banking Committee under chairman Wright Patman in 1964) chronicles Kennedy's criticisms of and battles with the Fed that led him to take steps to threaten its existence. Congressman Patman introduced a bill in 1964 that would have deprived the Fed of its independence and would have made it subject to Congressional oversight, as the Constitution requires.
Kennedy was so fed up (no pun intended) with the Fed and its then-chairman William McChesney Martin (literally born into the Fed, as his father had been one of the architects of the Federal Reserve Act and governor of the Kansas City Fed) that he issued an executive order to give the Treasury Department the right to issue silver certificates. This was only briefly implemented.
The Patman Report (issued by the House Banking Committee under chairman Wright Patman in 1964) chronicles Kennedy's criticisms of and battles with the Fed that led him to take steps to threaten its existence. Congressman Patman introduced a bill in 1964 that would have deprived the Fed of its independence and would have made it subject to Congressional oversight, as the Constitution requires.
You're right except for the last part... The Constitution has no mention of oversight over the issuance of money... just the authority to grant permission to issue money... That's precisely why the British controlled "Fed" exists... There's no law against them existing...
I suspect, without being able to prove anything, that somebody at very high level is cheating us in a very big way. I also think that the world of international finances is unregulated capitalism at its finest, or worst, and effectively is a New World Government without any effective controls.
All one needs to do is look at the history of the First and Second Bank of the United States... The Andrew Jackson assassination attempt...
Why would a foreign bank want to own U.S. mortgage-backed securities?...
For the money? MBS's were owned worldwide, very sound investment (ha ha). About half of the repurchases were from foreign-owned banks. Not surprising, because it's a primary reason they too were caught in the global scam (downturn), resulting from the housing fiasco (ownership society). When the MBS weren't proving enough juice, more leverage was needed. Enter the CDO's and CDS's. It was a grand old scheme, cooked up mostly by Goldman, specifically someone labeled as the Father of Derivatives.
Were you really shocked about who owns MBS? You know that China buys Treasuries right?
For the money? MBS's were owned worldwide, very sound investment (ha ha). About half of the repurchases were from foreign-owned banks. Not surprising, because it's a primary reason they too were caught in the global scam (downturn), resulting from the housing fiasco (ownership society). When the MBS weren't proving enough juice, more leverage was needed. Enter the CDO's and CDS's. It was a grand old scheme, cooked up mostly by Goldman, specifically someone labeled as the Father of Derivatives.
Were you really shocked about who owns MBS? You know that China buys Treasuries right?
Don't bother, these wacky Paulistas are not familiar with reality.
For the money? MBS's were owned worldwide, very sound investment (ha ha). About half of the repurchases were from foreign-owned banks. Not surprising, because it's a primary reason they too were caught in the global scam (downturn), resulting from the housing fiasco (ownership society). When the MBS weren't proving enough juice, more leverage was needed. Enter the CDO's and CDS's. It was a grand old scheme, cooked up mostly by Goldman, specifically someone labeled as the Father of Derivatives.
Were you really shocked about who owns MBS? You know that China buys Treasuries right?
Which is why Ron Paul just might be installed as the next president.
Well, sooner or later someone might install a part that isn't defective out of the gate.
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