Somewhere my memory is that there is some provision in the founding documents of the Fed that would allow the US To buy the Federal Reserve for one million dollars. I do not know the source, however, and I am not certain I trust it or my recollection.
~ ~ ~ ~ ~ ~
Your question sent me down a short little bunny hole, and I came up with the following long eared creature.
Pete, it would seem that your memory clang was ringing a real bell - except one figure I saw cited (below) is $450 million!
Excerpt from an AMAZING ARTICLE ON THE FED!!!
http://www.apfn.org/apfn/fed_reserve.htm
“...How do taxpayers stop financing those whose purpose it is to destroy us? First, expose their activity, then demand change.
THE SOLUTION
Currently all we do is exchange FED money (interest attached) for real U.S. money (interest-free) dollar for dollar as Kennedy tried to do. We should not be required to pay interest on our own currency. According to Benjamin Franklin, this was one of the primary reasons we fought the Revolutionary War. Today we are still fighting the same family of bankers (Reference 4, Reference 1, P. 211, 212).
The U.S. Government can buy back the FED at any time for $450 million (per Congressional record). The U.S. Treasury could then collect all the profit on our money instead of the 300 original shareholders of the FED. The $4 trillion of U.S. debt could be exchanged dollar for dollar with U.S. non- interest bearing currency when the debt becomes due. There would be no inflation because there would be no additional currency in circulation. Personal income tax could be cut if we bought back the FED and therefore, the economy would expand. According to the Constitution, Congress is to control the creation of money, keeping the amount of inflation or deflation in check. If Congress isn’t doing their job, they should be voted out of office. Unfortunately, voters can’t vote the FED or its Chairman out of office.
If the government has a deficit, we could handle it as Lincoln and Kennedy did. Print money and circulate it into the economy, but this time interest-free. Today the FED, through foreign banks, owns much of our debt and therefore controls us. The FED will cease to exist as taxpayers become informed and tell other taxpayers. The news media and Congress will have no choice but to meet the demands of grass roots America. (Reference 1, P. 17, 22)...”
It should be noted that in my previous post on the FED, the article cited is copyright 1992, updated 1998.
Other links available from that web site containing the aforementioned article on the FED:
SECRETS OF THE FEDERAL RESERVE
http://www.apfn.org/apfn/reserve.htm
THE UNITED STATES IS STILL A BRITISH COLONY
http://www.apfn.org/apfn/bcolony.htm
SECRETS OF THE FEDERAL RESERVE
The London Connection
http://www.apfn.org/apfn/reserve.htm
The Fed, The Fed, The Fed
http://www.gold-eagle.com/editorials_01/sennholz040301.html
The Declaration of Independence
http://www.apfn.org/apfn/declaration.htm
The Federal Reserve - What Is It? Who Is It?
http://www.the-oil-patch.com/archive/federal-reserve.html
The Coming Battle (The Book)
http://www.apfn.org/apfn/comingbattle.htm
The United Nations plans to CONFISCATE your profit and -—.
http://www.apfn.org/apfn/united_nations.htm
The 545 People Responsible For All of America’s Woes
http://www.apfn.org/apfn/woes.htm
The Orginal 13th Amendment
http://www.apfn.org/apfn/13th.htm
Was the 14th Amendment Ratified?
http://www.apfn.org/apfn/14th.htm
Get That Gold Fringe Off My Flag
http://www.apfn.org/apfn/flag.htm
War Powers Act 1933
http://www.apfn.org/apfn/1933.htm
The Oath of Office
http://www.apfn.org/apfn/oathofoffice.htm
The Secret Oath
http://www.apfn.org/apfn/secretoath.htm
Queen Elizabeth controls and has amended U.S. Social Security
http://www.apfn.org/apfn/queen.htm
The Lawyers Secret Oath
http://www.apfn.org/apfn/secretoath.htm
Judge gets orders from England
http://www.apfn.org/apfn/orders-from-england.htm
It’s Time To Circle The Wagons
http://www.apfn.org/apfn/money.htm
Great post! This works for me!
(I have become my father! the cycle is complete!)