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| Topic: THE FEDERAL RESERVE SHOULD BE SHUT DOWN. | |
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I'm sure you know all about the Federal Reserve.
Here is the question: If the constitution gives the right to congress to print money, why have the FED? The United States Constitution explicitly gives congress the full authority to coin and print money. Why did congress give that authority to the Federal Reserve Bank (the FED)? The Fed is a privately held bank, if congress printed money, it would be interest free, like what Abraham Lincoln did to finance the civil war. But the FED, prints our money, then loans it to us, the US Government and its people, at an interest rate? Why is it allowed to do this? Why isn't the constitution followed even when the Supreme Court declared that the FED has no right to print money? Here is an answer: There were several banking panics in the years preceding that led to a centralized banking system being developed in 1913. Basically, banks stopped loaning money to each other (sound familiar?) That’s why it was created. But I agree with you, it is unconstitutional. Congress has tried at various times over the years since then to have it disbanded. Which usually results in those congressmen losing their seats. THE FEDERAL RESERVE SHOULD BE SHUT DOWN. |
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I'm sure you know all about the Federal Reserve. Here is the question: If the constitution gives the right to congress to print money, why have the FED? The United States Constitution explicitly gives congress the full authority to coin and print money. Why did congress give that authority to the Federal Reserve Bank (the FED)? The Fed is a privately held bank, if congress printed money, it would be interest free, like what Abraham Lincoln did to finance the civil war. But the FED, prints our money, then loans it to us, the US Government and its people, at an interest rate? Why is it allowed to do this? Why isn't the constitution followed even when the Supreme Court declared that the FED has no right to print money? Here is an answer: There were several banking panics in the years preceding that led to a centralized banking system being developed in 1913. Basically, banks stopped loaning money to each other (sound familiar?) That’s why it was created. But I agree with you, it is unconstitutional. Congress has tried at various times over the years since then to have it disbanded. Which usually results in those congressmen losing their seats. THE FEDERAL RESERVE SHOULD BE SHUT DOWN. yay... we agree on something.. |
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Then tell your beloved government whom you believe and support, to shut it down and start printing their own money.
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Edited by
Jeanniebean
on
Fri 05/11/12 02:40 PM
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Congress has tried at various times over the years since then to have it disbanded. Which usually results in those congressmen losing their seats.
So what is going on here? How did these congressmen lose their seats? And who killed President Kennedy? (He had just started printing money. That is most likely why he was killed.) But who did it?? Who the hell is running the show anyway? If it is NOT THE PRESIDENT, AND NOT CONGRESS THEN WHO IS IT? These are the questions you should be asking because the answer will be the same answer to the question, "Who is behind the attack on the WTC?" The same people. |
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Then tell your beloved government whom you believe and support, to shut it down and start printing their own money. Because I disagree with your 9-11 theories doesn't mean I support the government. |
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Then tell your beloved government whom you believe and support, to shut it down and start printing their own money. Because I disagree with your 9-11 theories doesn't mean I support the government. Then maybe there is hope for you yet. 
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THE FEDERAL RESERVE SHOULD BE SHUT DOWN. Agreed, government in general is too frickin big! |
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I'm sure you know all about the Federal Reserve. Here is the question: If the constitution gives the right to congress to print money, why have the FED? The United States Constitution explicitly gives congress the full authority to coin and print money. Why did congress give that authority to the Federal Reserve Bank (the FED)? The Fed is a privately held bank, if congress printed money, it would be interest free, like what Abraham Lincoln did to finance the civil war. But the FED, prints our money, then loans it to us, the US Government and its people, at an interest rate? Why is it allowed to do this? Why isn't the constitution followed even when the Supreme Court declared that the FED has no right to print money? Here is an answer: There were several banking panics in the years preceding that led to a centralized banking system being developed in 1913. Basically, banks stopped loaning money to each other (sound familiar?) That’s why it was created. But I agree with you, it is unconstitutional. Congress has tried at various times over the years since then to have it disbanded. Which usually results in those congressmen losing their seats. THE FEDERAL RESERVE SHOULD BE SHUT DOWN. and the IRS too. 
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Edited by
Jeanniebean
on
Sat 05/12/12 10:10 AM
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THE FEDERAL RESERVE SHOULD BE SHUT DOWN. Agreed, government in general is too frickin big! Seriously? You think the Federal Reserve is part of the Government? If it were, then we, the tax payers should be able to vote it out. But it is not part of the government. |
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You know it's only partially private right?
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It is a central banking system for the United States.
Wiki: "According to the Board of Governors, the Federal Reserve is independent within government in that "its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government." Its authority is derived from statutes enacted by the U.S. Congress and the System is subject to congressional oversight." If a congressmen can lose his seat for trying to get rid of the Federal reserve and suggest that congress print their own money instead of borrowing it, then the idea that it is subject to "congressional oversight" is false. So the question is, who owns the bank? |
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"Thus the Federal Reserve has both private and public aspects. The U.S. Government receives all of the system's annual profits, after a statutory dividend of 6% on member banks' capital investment is paid, and an account surplus is maintained.
In 2010, the Federal Reserve made a profit of $82 billion and transferred $79 billion to the U.S. Treasury. This was followed at the end of 2011 with a transfer of $77 billion in profits to the U.S. Treasury Department." (So, our government borrows money to put into circulation and pays interest on it, increasing our national debt and then profits by that. |
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