Posted on 01/17/2023 10:23:25 AM PST by SeekAndFind
The FED was here before I was born and it will be here after I’m gone. I watch what it does and react as needed. So far, so good. I don’t have a problem with the FED, it’s just like everything else the govt does, a thing to work around. Get rid of it, something else will take its place. It will still just be another work-around though.
I wish you every success in navigating it!
Agreed on the required reading for high school seniors.
"The Federal Reserve Is A Purely Political Institution, And It's Definitely Not A Bank..."
Regarding Federal Reserve, patriots are reminded that, not only did the delegates to the Constitutional Convention (Con-Con) decide NOT to give Congress the express power to regulate INTRAstate banking, but also that popularly elected Congress is constitutionally "married" to the power to regulate the value of money whether Congress wants that responsibility or not.
Here's excerpts from James Madison's Daily Journal of Debates and the writings of Thomas Jefferson concerning no constitutionally enumerated power to regulate banking.
"Docr. FRANKLIN moved to add after the words "post roads" Art I. Sect. 8. "a power to provide for cutting canals where deemed necessary [emphasis added]"" —Madison Debates, September 14, 1787.
"Article I, Section 8, Clause 7: To establish Post Offices and post Roads [, a power to provide for cutting canals where deemed necessary];"
"Mr. KING. The States will be prejudiced and divided into parties by it. In Philada. & New York, It will be referred to the establishment of a Bank, which has been a subject of contention in those Cities. In other places it will be referred to mercantile monopolies." —Madison Debates, September 14, 1787.
"It is known that the very power now proposed as a means was rejected as an end by the Convention which formed the Constitution. A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution [emphasis added]. — Jefferson's Opinion on the Constitutionality of a National Bank : 1791
And here's constitutional clauses about Congress's unique power to regulate the value of money.
"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"
"Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts [emphases added]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
In other words, activist President Woodrow Wilson scandalously failed to first lead Congress to successfully petition the states for an appropriate amendment to the Constitution to effectively repeal key wording in the clauses shown above before he signed bill that established Federal Reserve imo.
Also note that the delegates to the Con-Con wanted only metal coin money because paper money had proven hard to regulate, paper money, arguably defeating the fed's power to regulate money (ahem).
Justice Joseph Story had put it this way about problems with paper money.
"It has been justly remarked, that the power "to coin money" would, doubtless, include that of regulating its value [emphasis added], had the latter power not been expressly inserted. But the constitution abounds with pleonasms and repetitions of this nature."—Joseph Story, Article 1, Section 3, Clauses 4 and 5, Commentaries on the Constitution 2:§§ 732--33, 735--39
"It is further to be observed, that the states cannot issue bills of credit; not that they cannot make them a legal tender; but that they cannot issue them at all. This is a clear indication of the intent of the constitution to restrain the states, as well from establishing a paper circulation, as from interfering with the metallic circulation [emphases added]."—Joseph Story, Article 1, Section 3, Clauses 4 and 5, Commentaries on the Constitution 2:§§ 732--33, 735--39
Wilson's unconstitutional (imo) Federal Reserve also weakened the power of ordinary citizen voters who arguably indirectly had the power to regulate value of money by voting for federal lawmakers who do have such power.
The bottom line is that patriots need to primary federal lawmakers in 2024 who haven't supported legislation to help "street fighter" Trump 47 finish draining the swamp by that time.
Primarying lawmakers should also include lawmakers who fail to support a resolution to effectively "secede" ALL the states form the very corrupt, unconstitutionally big federal government by proposing an amendment to the Constitution to the states that is strictly limited to repealing the 16th (direct taxes) and 17th (popular vote for federal senators) Amendments.
Relatively little or ideally no discussion would be required for such an amendment imo.
I think your view is pessimistic. Some East Germans might have thought they would always have communism.
Being of the Von Mises school of economic thought I enjoyed this article. It’s the monster created on Jeckyl Island.
Can’t say I disagree with that being a classical liberal minded person.
The Federal Reserve is a scam. It issues fake currency that we use. But it also controls the REAL currency only available to the highest-level of the elite. Families with generational wealth going back centuries have money backed by gold, platinum, and other precious metals, along with assets like land, diamonds and oil reserves.
Such people have wealth that cannot be truly measured in conventional ways. But, it’s not an exaggeration to say they are multi-trillionares. Some could be considered quadrillionares.
The Federal Reserve is neither Federal, or a Reserve.
You can use your fake currency to buy gold, platinum, and other precious metals, along with assets like land, diamonds and oil reserves.
Your reference confuses me.
It looks legit, came up on google in more than a few links,, but when I get to this from your posted text
(4) Finally, I recommend that the Federal Reserve System be authorized to issue Federal Reserve notes in denominations of $1; this will make possible the
The 1 $ bill has been around longer than 1960’s
So this makes me wonder if the links and texts aren’t just fed res fictions and subterfuge.
In addition, the quickness of your post makes me wonder if you are a chatbot.
It’s that or you are a Genius who remembered an obscure proposal from the 60’s.
( was this proposal ever even acted upon ? If not , then it’s not indicative that what Kennedy did was the exact opposite of what I wrote )
“In addition, the quickness of your post makes me wonder if you are a chatbot.”
Monetary history is kind of a hobby of mine. Finding that Kennedy speech isn’t all that hard when you’ve read it before and just have to figure out which of his speeches has got the silver passage in it. That takes a bit of skimming.
Actually there’s two speeches given a year apart in which he says the same thing, both are messages to Congress IIRC. It’s ironic that he’s the guy who didn’t like silver as part of our money supply and yet a popular myth has arisen saying just the opposite.
“(4) Finally, I recommend that the Federal Reserve System be authorized to issue Federal Reserve notes in denominations of $1; this will make possible the”
When Kennedy gave the speech US paper currency was divided into three different categories: Silver Certificates that you could turn in for Treasury silver; US Notes, which were actually the fiat Greenback issue that Lincoln first ordered during the Civil War (they were $5 bills in the 1963 series); and there were Federal Reserve Notes.
So what he was doing in that #4 quote is requesting that Federal Reserve Notes be issued one for one to replace the Silver Certificates that would be retired. It seems like a pointless request now but at the time it made sense.
“( was this proposal ever even acted upon ? If not , then it’s not indicative that what Kennedy did was the exact opposite of what I wrote )”
Yes, Congress approved Kennedy’s request and that’s why silver certificates were retired from circulation and it’s why silver was removed from our coinage. It didn’t go into effect until after his assassination but he was the driving force behind doing it. If Kennedy hadn’t pushed this maybe we would still have silver coins and silver certificates and a whole lot less inflation.
$$$
https://www.zerohedge.com/markets/now-its-time-central-banks-make-rich-richer-and-poor-poorer-again
I am mortified
http://theeconomiccollapseblog.com/the-mainstream-media-admits-that-we-are-facing-the-worst-food-crisis-in-modern-history/
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