Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-23-2014, 08:20 AM
 
22,768 posts, read 30,737,789 times
Reputation: 14745

Advertisements

Quote:
Originally Posted by jimhcom View Post
Does the United States Constitution authorize Congress to delegate federal sovereignty to a private corporation?

That is the question asked in this article, and IMO the answer is no.
heyy, for once i agree with you.

but unfortunately my opinion on what's constitutional, and what's not, doesn't mean anything. it is for the judicial branch to decide.
Reply With Quote Quick reply to this message

 
Old 01-23-2014, 08:21 AM
 
22,768 posts, read 30,737,789 times
Reputation: 14745
Quote:
Originally Posted by EmeraldCityWanderer View Post
Well, the entire history of the Federal reserve it has opperated just fine with the US government.
yeah because monetary policy has been totally stable since 1913.

it's not like we've had multiple self-inflicted depressions, or a series of lending bubbles and bursts, or anything like that.
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 08:51 AM
 
Location: San Diego California
6,795 posts, read 7,290,858 times
Reputation: 5194
Quote:
Originally Posted by Memphis1979 View Post
Unfortunately, the 9 people on the bench are the ones who decide constitutionality, constitutionally. So either try, or quit complaining.
No they aren’t; ultimately the Supreme Court and Congress and every other branch of government bends their opinions to match the will of the people.
When the people decide that laws are unconstitutional such as in the case of prohibition and fugitive slave clause of the constitution, then government must conform to the will of the people, not the other way around.

It is a misconception that any statute passed by lawmakers bearing the appearance of law constitutes the law of the land. The US Constitution is the law of the land, and any statute or law to be valid must be in agreement. It is impossible for any law which is in violation of the Constitution to be valid as many court decisions have stated.



"An unconstitutional act is not law; it confers no rights; it imposes no duties; affords no protection; it creates no office; it is in legal contemplation, as inoperative as though it had never been passed."

Norton vs. Shelby County
118 US 425 p. 442
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:16 AM
 
22,768 posts, read 30,737,789 times
Reputation: 14745
Quote:
Originally Posted by middle-aged mom View Post
Alexandra Hamilton, a founding father, designed the charter on the model of the Bank of England, the British central bank.
yes, and this model is the one most countries use today, and it is corrupt

the whole concept was drawn up under dubious circumstances, to enable the king of england to borrow enough to fund a war against france. it was never designed to advance society as a whole, it was an agreement between a monarch and some bankers.
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:19 AM
 
Location: Sango, TN
24,868 posts, read 24,392,645 times
Reputation: 8672
Quote:
Originally Posted by jimhcom View Post
No they aren’t; ultimately the Supreme Court and Congress and every other branch of government bends their opinions to match the will of the people.
When the people decide that laws are unconstitutional such as in the case of prohibition and fugitive slave clause of the constitution, then government must conform to the will of the people, not the other way around.

It is a misconception that any statute passed by lawmakers bearing the appearance of law constitutes the law of the land. The US Constitution is the law of the land, and any statute or law to be valid must be in agreement. It is impossible for any law which is in violation of the Constitution to be valid as many court decisions have stated.



"An unconstitutional act is not law; it confers no rights; it imposes no duties; affords no protection; it creates no office; it is in legal contemplation, as inoperative as though it had never been passed."

Norton vs. Shelby County
118 US 425 p. 442
The legislature writes laws. The executive endorces. The judicial interprets.

If the legislature writes a law that is unconstitutional, the supreme court, 9 people, get to decide that.

I know an unconstitutional law is not legal. But only the supreme court decides.

So I say again, if you have a legal case, take it before the court.
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:23 AM
 
22,768 posts, read 30,737,789 times
Reputation: 14745
Quote:
Originally Posted by Memphis1979 View Post
The legislature writes laws. The executive endorces. The judicial interprets.

If the legislature writes a law that is unconstitutional, the supreme court, 9 people, get to decide that.

I know an unconstitutional law is not legal. But only the supreme court decides.

So I say again, if you have a legal case, take it before the court.
it wouldn't be helpful to nullify the law. it would be like turning off the jet engines in mid-air.

there needs to be a discussion at the legislative level about how to change the Federal Reserve Act to act more in the interests of the american people. until you see that it'll be business as usual.
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:24 AM
 
1,825 posts, read 1,419,467 times
Reputation: 540
Quote:
Originally Posted by jimhcom View Post
Does the United States Constitution authorize Congress to delegate federal sovereignty to a private corporation?

That is the question asked in this article, and IMO the answer is no.

If indeed the Constitution did authorize Congress to delegate federal sovereignty to a private corporations, then where does the accountability to the citizens come into play?

If Congress can delegate its duties to corporations, then are there any powers that cannot be stripped from the control of the people and turned over to private companies without regard for the welfare of the country or its citizens?
Well the federal reserve isn't really a private corporation. It is more similar to a federal agency since it is subject to executive appointment and congressional oversight and was created by an act of congress.

As to whether the federal government can do such a thing there is an entire area of law on the matter called "Administrative law"
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:43 AM
 
4,130 posts, read 4,461,778 times
Reputation: 3041
Quote:
Originally Posted by jimhcom View Post
Once again you add nothing to the debate. Please go away.
I think it's a perfectly legitimate concern that you have been stating the same thing over and over again for a decade without persuing the case. If you say you have so much evidence on your side, and so much legal backing, you could do it...but why haven't you?

There are only so many debates one can have in a forum where nothing changes, when you could move forward in a forum where things could change. Where you could validate your ideas and become notable. Why can't you answer this question...and when people point this out just tell them to go away? It would be easier to just answer the question in my honest opinion.

If the Fed is so horrible, and you have the ability to get them disbanded on constitutional grounds with all this legal backing, why aren't you? Do you like leaving US citizens (including yourself) under what you claim to be slavery and rule of the Fed?
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 09:47 AM
 
Location: San Diego California
6,795 posts, read 7,290,858 times
Reputation: 5194
Quote:
Originally Posted by Memphis1979 View Post
The legislature writes laws. The executive endorces. The judicial interprets.

If the legislature writes a law that is unconstitutional, the supreme court, 9 people, get to decide that.

I know an unconstitutional law is not legal. But only the supreme court decides.

So I say again, if you have a legal case, take it before the court.
The Supreme Court already knows it's unconstitutional. They are not interested in with the constitutionality, so long as the American people do not know the difference.

It takes discussions like this to raise awareness of the issue to begin the process. The people have become woefully ignorant of the Constitution and how it works, although there is now a new interest spreading among the people as they begin to ask how it is that the government has become their master instead of their servant.
Reply With Quote Quick reply to this message
 
Old 01-23-2014, 10:06 AM
 
Location: San Diego California
6,795 posts, read 7,290,858 times
Reputation: 5194
Quote:
Originally Posted by Egbert View Post
Well the federal reserve isn't really a private corporation. It is more similar to a federal agency since it is subject to executive appointment and congressional oversight and was created by an act of congress.

As to whether the federal government can do such a thing there is an entire area of law on the matter called "Administrative law"

The Fed is privately owned.

Its shareholders are private banks. In fact, 100% of its shareholders are private banks. None of its stock is owned by the government.

Each of the twelve Federal Reserve Banks is separately incorporated, and each has its own president and board of directors. Presidents are appointed to five-year terms by a bank’s board of directors. Each branch office also has its own board of directors.


The Fed generates profits for its shareholders.

The interest on bonds acquired with its newly-issued Federal Reserve Notes pays the Fed’s operating expenses plus a guaranteed 6% return to its banker shareholders. A mere 6% a year may not be considered a profit in the world of Wall Street high finance, but most businesses that manage to cover all their expenses and give their shareholders a guaranteed 6% return are considered “for profit” corporations.

In addition to this guaranteed 6%, the banks will now be getting interest from the taxpayers on their “reserves.” The basic reserve requirement set by the Federal Reserve is 10%.


The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act. In United States v. Orleans, 425 U.S. 807, 96 S.Ct. 1971, 48 L.Ed.2d 390 (1976), the Supreme Court held that a community action agency was not a federal agency or instrumentality for purposes of the Act, even though the agency was organized under federal regulations and heavily funded by the federal government.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6. The time now is 11:26 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top