BLEARC

Entreprenuer Realist Budhist Liberal Democrat waiting for the reincarnation of Goldwater

Articles Posted: 72 Links Seeded: 1500

Member Since: 10/2008 Last Seen: 12/08/2011

Can we buy back the FED for 450 million?

Seeded on Wed Feb 11, 2009 12:21 PM EST

business, federal-reserve, fed

Seeded by Blearc

Advertise | AdChoices

The U.S. Congress has the option to buy back the FED at $450 million (per Congressional Records). If the Congress does this, it will own back the billions of U.S. Government Bonds held by the FED. The U.S. Government will actually profit by buying back the FED; and the U.S. government would no longer have to pay interests to the FED owners on those bonds.

The article is actually a great read about how the FED works its owners and whatnot.

But I'm more interested in this claim. I can't seem to find data to back it up.

Please Help

Enjoy this article? Help vote it up the 'Vine.

Published to:

Blearc's Column, All of Newsvine
Groups: 111th Congress: Keeping Tabs, DemGuys, Left of Center, LeftWing Warriors, ObamaVine, Successful Solutions, The Tea Party
Regions: none

Public Discussion (48)

Blearc

This is not a left or right issue, please comment and vote this up. Those more people that see this the better possibility there is in finding the answer to the question:

For a buck fifty each can we buy back the FED?

8 votes

#1 - Wed Feb 11, 2009 12:23 PM EST

grannyj55

Oh my lord, Blearc, I knew vaguely they were "independent" but I had no idea. Don't know why - just never paid much attention to the back story. Would love to read more. Explains a lot more about Greenspan and his views on derivatives, etc.

Thank you (you to jscusmc) - am going to print that out - Part 1 and Part 2 and follow some trails.

Granny

8 votes

#1.1 - Wed Feb 11, 2009 3:35 PM EST

Lo2013

Wow, this is a real eye-opener! I don't know whether to be shocked or pissed.

Let’s remember what Henry Ford once said “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

Sooooo friggin tempting right now...

6 votes

#1.2 - Wed Feb 11, 2009 8:18 PM EST

Paul Lucero

The FED is not my or your friend and it will never allow any branch of government to control it. So I vote we nuke it asap. All we have to do is get some Taliban in there during a meeting and have the head bad guy make the call to white house.

"We have your FED, you know the guys that use the IRS to enslave you and take 25% or more of your money to pay other peoples bills. Now Surrender or we will force the FED to print lots of money and crash your economy!!!"

What do you think O man will do.... He will order the strike and get the bad guys cus we do not negotiate with terrorists right!

Yeah high fives all around!!!

Do any of you know where to get a Taliban? Come to think of it I've never seen one. Oh wait I did too see one on TV named John Walker and he was a jew that converted to islam and got busted in the wrong place wearing pajamas too! BUt that will not work because he's in jail somewhere right!

Well if you see one of them Taliban have them call me. now what did I do with Nancy Pelosi's number I got to call her and request an air drop of 100's.

3 votes

#1.3 - Thu Feb 12, 2009 2:26 AM EST

Simplistic Reality

Interesting article! I'm going to have to think on this one a bit. Doesn't sound like a bad idea.

3 votes

#1.4 - Sat Feb 14, 2009 12:08 AM EST

Lisa Schneider

Let's remember what Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

After reading this article Blearc...I'm ready to take up arms! We all should be...I only hope someone can come into this thread and talk us down...

6 votes

#2 - Wed Feb 11, 2009 1:36 PM EST

JEN-357892

Hey Blearc

I like it. Will that mean they would have to let us know who and how much was given out when they gave out those trillions in secret last fall?

6 votes

#3 - Wed Feb 11, 2009 1:37 PM EST

Blearc

Blearc,
Ya I do gotta find it and when I do will send it to you in a zip. In the mean time try to check into these---H.R. 2755—110th Congress---H.R. 2778—108th Congress, H.R. 5356—107th Congress, H.R. 1148—106th Congress.

from user jscusmc69:

gotta run I'll look more into this later,

1.50 a beer at happy hour and we own it. 450/300

4 votes

#4 - Wed Feb 11, 2009 1:55 PM EST

jscusmc69

Blearc----Thanks----With what I sent you and what I have already, I don't want to double post info. Gioia's first article was even better. If you can't find a link I have it saved---TEXT--on my h-drive and can post it if need be.

Like I said in my email to you--Under the FIOA--I got several docs and as soon as I find them will send to you. 95% of what I have I can verify as FACT---I try not to post Bull as That causes problems.

Also be aware that there are many ?able sites that have duped the info--however if you weed through--and over look the radicalism--you can find GOOD info.

The Congressional Record is where the FACTS on repurchasing the STOCK in the FED can be found. THE fact is the ORIGINAL stock value was and is--$450 million--AND we can thank some long dead Congressmen for writing the repurchase into the record for that amount WITH OUT interest.

The list ---from Gioia;s blog-(is not COMPLETE) I will post a current one--Would stand to LOOSE 100's of Billions --OUR MONEY---if we could get OUR Government to buy back the stock.

Rothschild Bank of London
- Rothschild Bank of Berlin
- Lazard Brothers of Paris
- Israel Moses Seif Banks of Italy
- Warburg Bank of Amsterdam
- Warburg Bank of Hamburg
- Lehman Brothers of New York
- Kuhn Loeb Bank of New York
- Goldman, Sachs of New York
- Chase Manhattan Bank of New York

What everyone need to understand is that MANY of the bank are investors in the Political campaigns--and as such will never loose the purse strings--pardon the pun--this can be found in the PORTFOLIOS of members of Congress--I have some including Polosi,Reid,Franks to name a few. The bigger problem is the person running the Treasury today--

6 votes

#4.1 - Wed Feb 11, 2009 3:19 PM EST

jscusmc69

Heres a link to the latest Bill---

Feb 3, 2009: Referred to the House Committee on Financial Services

OR go to Govtrack dot US / congress

5 votes

#5 - Wed Feb 11, 2009 3:28 PM EST

jscusmc69

Link didnt stick so do

govtrack dot us / congress / bill(dot)xpd ? bill=h111-833

and as to #6---HELL no!!--Tim Getmore--Sec Treasury

Traction well GOT my friends list!! so do you!!

3 votes

#5.1 - Wed Feb 11, 2009 4:31 PM EST

Blearc

http://blearc.newsvine.com/_news/2009/02/10/2415545-text-of-hr833-please-support-ron-pauls-bill-to-abolish-the-federal-reserve-they-have-failed-at-their-task

Lol I actually seeded that bill, didn't get any traction

1 vote

#5.2 - Wed Feb 11, 2009 9:55 PM EST

Blearc

The tracking system seems to be down so I don't know how much traction this is going to get. I'll sit down with all the law and put together an article showing how we could just kick the FED to the curb. But who prints money? Is that the fed? And do we really want Geitner (spelling) on this?

6 votes

#6 - Wed Feb 11, 2009 3:50 PM EST

jscusmc69

Treasury prints --the Fed handles it

6 votes

#6.1 - Wed Feb 11, 2009 4:21 PM EST

Carol B-541930

The Fed creates it out of thin air--it makes entries in its computers. It doesn't even actually need to "print" all of the actual paper money it puts into circulation.

1 vote

#6.2 - Mon Mar 9, 2009 4:59 AM EDT

Carol B-541930

Also, for the "money printed" they "buy" bonds on the "Open Market" through bond dealers to try to make this all appear legit. Then WE pay THEM interest of 6% guaranteed per year.

In either case, the FED owners have profitted $99.97 for every 3 cents it invested to print the money. Remember, the FED is a PRIVATELY OWNED corporation, just like the Federal Express. The profit of the FED goes to the FED owners.

The US Government now owes the FED owners the interest on those bonds. Remember that the FED owners DO NOT EARN the bonds. They simply PRINT the money to buy the bonds. In other words, they created money out of thin air, and exchange it for the interest bearing bonds.

In order to pay for the bonds' interest, the US Government taxes the US population.

When a US Citizen holding US Government bonds receives his/her return of investment on the bonds, essentially the money he/she receives is the tax money he/she is paying to the Government.

When the OWNERS of the FED receives the interest on the BONDS they're holding, they are receiving that money for FREE (save the initial 3cent/$100 investment to print the money)! Not only that, the FED owners receive the money TAX FREE.

Under the LAW, the FED is REQUIRED to RETURN its PROFIT back to the US Treasury. However, NEITHER the Congress NOR the IRS have the POWER to AUDIT the FED. The FED has used this obvious loophole to profit via 'creative accounting'.

Consider this: every year, the FED profits by hundreds of billions of dollars by buying US Government Bonds. Yet it only returns ~$20 billion to the US Treasury. The rest of the profit has been spent as "Operational Expenses".

The FED expects us to believe that the FED operational expenses amounts to $100's billion dollars annually!!!

The truth is, those profits were spent as "DIVIDENDS TO SHAREHOLDERS"!!!!

Year after year, the FED owners bleed the US Tax Payer dry by hundreds of billions of dollars. Keep this going, and the US will go bankrupt in a few more years. Small wonder why the National Debt is increasing at its current rate.

1 vote

#6.3 - Mon Mar 9, 2009 5:06 AM EDT

jscusmc69

Until you understand the reasons for abolishing the Federal Reserve system, you are simply part of the problem.

The seven reasons for abolishing the Fed, as given by Griffin in his book, The Creature from Jekyll Island, "sound absurd to the casual observer" when stated without their supporting facts and arguments. The purpose of his book, he says, is to show that all seven bare-bones statements "are all-too-easy to substantiate". Clearly, his book delivers the substantiation.

Griffin's seven reasons for abolishing the Fed are --

(1) It is incapable of accomplishing its stated objectives.

(2) It is a cartel operating against the public interest.

(3) It is the supreme instrument of usury [with its treason of "fractional reserve banking", endlessly multiplying the money supply, endlessly multiplying debt, endlessly multiplying inflation].

(4) It generates our most unfair tax [inflation due to constantly increasing money supply].

(5) It encourages war.

(6) It destabilizes the economy.

(7) It is an instrument of totalitarianism.

Those who are laboring to renovate the Democratic Party so that government can save us should make a note. It is very probable that the international banking cabal's many levers threatening the existence of our country is the cause of the Democratic Party's terminal waffle, flip-flop, and treasonous support of neocon treasons.

Better ask yourselves whether those behaviors show any evidence that a newly strong Democratic Party -- still saddled with a majority of its old-school corruption machine operators -- could be brought to face down the central banking FEDERAL RESERVE threats.

Could they be brought to abolish the Fed, just when they've gained the power to obscenely excessive profits from the Fed's horrendous defrauding of the American people? I really don't think so!!

Everyone here needs to understand I'm neither a Deomcrat or Republican--I'm and Independent American who Can,Does and will aways look at the over-all picture and act on what I think is best---In other words there is no POLOTICS in what Im posting.

5 votes

#7 - Wed Feb 11, 2009 4:10 PM EST

Blearc

Thanks for that data, more research to be done but I'll probably kick out an article on this tonight.

5 votes

#7.1 - Wed Feb 11, 2009 4:32 PM EST

Blearc

post from else where just trying to get all this data together:

Blearc--Sent you an email with the Congress record-(AND as I find the Hard copy FIOA Docs I will scan and email them to you to)-And some is from Gioias blog--

the $450million is the orginal amount of stocks. AND per Congressional record The U.S. Government can buy back the FED at any time for $450 million

The U.S. Treasury could then collect all the profit on our money instead of the 300 original shareholders of the FED.

The AMOUNT of U.S. debt could be exchanged dollar for dollar with U.S. non- interest bearing currency when the debt becomes due.

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.

And as of today Unfortunately, WE voters can't vote the FED or its Chairman out of office. And we as some in congress will always hit our heads against a brick wall. The reasons are---

If a Congressperson tries to abolish the FED, the banks fund the Congressperson's opponent in the next election

When Congresspeople retire, political campaign funds are not taxed. Get elected and be a millionaire if you vote right.

By the way, the profit of the FED is not taxed either.

In 1992, Illinois Congressman Crane introduced a bill, co-sponsored by 40 other Congressman, to audit the FED. This is a step in the right direction. BUT the BRICK WALL got in the way!! THE Federal RESERVE is very secretive about everything-AND the paper trails are inter-twined it will give our a headach trying to wade through them!

Here's another GOOD Question-----What is the relationship between the Federal Reserve Act and the Federal Income Tax-----

Where does this private corporation get the money to loan to you, me, and our government? They get it from us.
THEY PRINT THE MONEY THAT BELONGS TO YOU AND ME AND... THEN LOAN IT BACK TO US AND CHARGE US INTEREST.

Citizens of The United States Of America owned and controlled the voting stock of our major corporations, But now are owned by foreign bank nominees, agents and 'street' form voting stock, as a result of the enactment of The Federal Reserve Act and the Income Tax Act

"We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it." - Congressman Louis T. McFadden

The ownership of the largest blocks of bank voting stock are in nominee accounts, numbered accounts or trust accounts. No names, so you are in the dark. What is being hidden ? Why ?

#15.1---Look at the MAJOR camp.investors and Contributors and you will have your answer--There is so much under the table it would take 100 life-times to sort out!

4 votes

#8 - Wed Feb 11, 2009 6:46 PM EST

jscusmc69

Ya and I'v been digging for the hard copies--Do have some new info but will wait on it!

Can't belive no traffic on the other post!! Just un real!

3 votes

#9 - Thu Feb 12, 2009 12:01 AM EST

jscusmc69

Hey I have a Question--- Has everyone seen the shell game?? You know where the guy puts something under one of three shells---And you have to find it? Are we all on the same page here so far---

OK Now think of this --- something I saw on FOX today started to put pieces together--Filled in some HOLES so to speak---

Remember the above---now under one shell is the REAL agenda--

NOW start moving things around--shuffling real good and use a lot of SMOKE AND MIRRORS---to take EYES off and away from the REAL AGENDA--USE whats at hand to do this --Economy,Stimulus,Bank Bailout OR create what ever you need BUT ALWAYS keeping EYES off the REAL agenda--MOVING THE US INTO OR CLOSER TO A SOCIALIST COUNTRY---Remember the NEW Medical @!$%#----I for one DON'T want MY medical records in the wind. AS it stands if one DR needs Records from another they can get them almost instantly--EMAIL or FAX.

Think of all the Bull thats been tosed out by Congress and BO---E-VERIFY and Move the Census into the White House---Creating many NEW OFFICES and Positions for Bull @!$%# posts there--Faith-based--what ever it was--NEW-Benefits MINORITIES for the most part, and as I think of the others Iv heard of in the last months I will post them to .

Tell ME I'm wrong!!

Smoke and Mirrors--keeping Most Americans eyes off the real Deals!

4 votes

#10 - Thu Feb 12, 2009 12:10 AM EST

Blearc

Well the medical deal is actually attempting to move us more toward the VA system, or a bank system, the fact that we are on such an antiquated system is a bit embarrassing. Also the amount of money we spend in the medical field for administration is huge.

Has e-verify been taken out of the final bill? It was in the house bill. I haven't looked over the final version yet.

The faith based bothers me, mainly because I'm a secularist, but it isn't a Obama creation. Bush was pretty strong in it. I don't see it helping minorities more than any other segment of society but I live in a "minority" majority location.

The census, has to be done next year, I'm not sure that it wasn't part of the executive branch before.

The socialist claim.... I just don't see it, or else why would Treasury being doing what its doing? The easiest way to get to socialism would be to allow all the big banks to fail.

Smoke and mirrors?

check this out:

http://blearc.newsvine.com/_news/2009/02/12/2425097-youtube-two-satellites-collide-in-space-russia-today

I'm a lib btw, but we all can agree that the FED needs to go. Let me do some research on some of what you said on the e-verify and the census.

3 votes

#10.1 - Thu Feb 12, 2009 12:46 AM EST

jscusmc69

Ya e-verify is out of the senate version,

the med records stuff has been around for several years. After the heart by-passes I had in 98 Emroy in Atlanta wanted to know if I wanted my records on a card---Bar coded--said no.

The Docs where I live now or where ever I am in the country can request records via email or fax. And most hospitals and DR's have some Very good software to work from -a good example is the small local hospital x-ray dept places and stores all images on disc and IF you need them will burn a copy in matter of seconds.-

maybe this helps understanding what I'v said in other vines you'v been in. The VA and SS had many bids for computers,systems and software to update in 2006 to now

the ones I had(bids) in GA were for the VA hardware,software and security. had almost the same for SS offices there. There is a problem with the SS Systems as they are designed NOT to talk to each other this is for security reasons.

The office of Faith-------has been expanded in size and scope and that really bothers me as the budget is in the area of 175 million.FOR what?

Ya the census thing is anothe bunch of crap--Got some info and will email it in the AM to you.

You know Politics is just that Politics--I can remember it the 50s BOTH sides working for and doing what was right for the people and the country--

Gotta say it--GREED got in the way and thats why we are here where we are at today.

I don't care if your a lib,dem,repb,green,yellow or what ever--ITS not all about a group singing kumbyah--its about the Best damm country in the world the United States and it really pisses me off to no end some of the @!$%# Iv seen and am seeing today.

AND the FED Really does have to go SO does the UN! Have a good night Blearc!

4 votes

#10.2 - Thu Feb 12, 2009 2:14 AM EST

Blearc

Thank you so much for the data you've been providing, I still haven't been able to find the source for the 450 million price tags.

2 votes

#10.3 - Thu Feb 12, 2009 11:10 AM EST

jscusmc69

Will send you a link to the 1916 Congressional record and several others.--McFadden also was involved in the Buy Back of stocks will try and find his records.

Also---heres something -----------

^{The last provision of the Federal Reserve Act of 1913, Sec. 30, states, "The right to amend, alter or repeal this Act is expressly reserved." This language means that Congress can at any time move to abolish the Federal Reserve System, or buy back the stock at the price as paid in by members the stated amount of $450,000,000.00 and make it part of the Treasury Department, or to altar the System as it sees fit. It has never done so.}

On May 23, 1933, Congressman, Louis T. McFadden, brought formal charges against the Board of Governors of the Federal Reserve Bank system, The Comptroller of the Currency and the Secretary of United States Treasury for numerous criminal acts, including but not limited to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON.

The petition for Articles of Impeachment was thereafter referred to the Judiciary Committee and has YET TO BE ACTED ON

Quotations from several speeches made on the Floor of the House of Representatives by the Honorable Louis T. McFadden of Pennsylvania. Mr. McFadden, due to his having served as Chairman of the Banking and Currency Committee for more than 10 years, was the best posted man on these matters in America and was in a position to speak with authority of the vast ramifications of this gigantic private credit monopoly. As Representative of a State which was among the first to declare its freedom from foreign money tyrants it is fitting that Pennsylvania, the cradle of liberty, be again given the credit for producing a son that was not afraid to hurl defiance in the face of the money-bund. Whereas Mr. McFadden was elected to the high office on both the Democratic and Republican tickets, there can be no accusation of partisanship lodged against him. Because these speeches are set out in full in the Congressional Record, they carry weight that no amount of condemnation on the part of private individuals could hope to carry.

Blearc I will email you the McFadden info--The HEARINGS--- instead of posting it here as it is VERY long

3 votes

#10.4 - Thu Feb 12, 2009 12:43 PM EST

Blearc

Again I really appreciate your data.

2 votes

#10.5 - Thu Feb 12, 2009 12:53 PM EST

Bar Fly

Very interesting article Blearc. I did some reading on this in college while studying Finance...We had a professor that was retired but used to work for the federal reserve. The Class was regulation of business.

(voted up!)

1 vote

#11 - Thu Feb 12, 2009 11:07 AM EST

Blearc

Thanks, I'm curious how that professor felt about the role of the federal reserve, whether it had been successful or the role was needed.

1 vote

#11.1 - Thu Feb 12, 2009 11:11 AM EST

Bar Fly

I never really went in depth about the Fed. He was against regulation of banking/ business which really made the class interesting to have his take on a regulation of business course.

1 vote

#11.2 - Thu Feb 12, 2009 11:16 AM EST

rose-231178

Someone posted a link in another article. I followed it and found this.

111th CONGRESS

1st Session

H. R. 833

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 3, 2009

Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.

(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.

Hope you find it of interest.

#12 - Fri Feb 13, 2009 10:18 AM EST

Blearc

rose yeah here:

http://blearc.newsvine.com/_news/2009/02/10/2415545-text-of-hr833-please-support-ron-pauls-bill-to-abolish-the-federal-reserve-they-have-failed-at-their-task

#12.1 - Fri Feb 13, 2009 10:21 AM EST

rose-231178

Sorry Blearc, home sick and I guess a little to much cold medicine. I did not realize you had posted that as I had found it else where. Thanks though. Voted you up there as well.

#13 - Fri Feb 13, 2009 3:45 PM EST

jscusmc69

Still working on compiling the info for you Blearc--Just tooooo much stuff on the FED in my files. Many that I know--Dems and Repubs--just people like you and me have been digging for a long time on this and other trash that the Govt Doesn't want us the people to see clearly---Will be back and will sending files later today my friend!

1 vote

#14 - Fri Feb 13, 2009 3:46 PM EST

Blearc

Yeah I think this issue and the e-verify issue, we can get very strong american support for, no party needed. But I have a few thoughts on it, but more questions, without the fed would their be enough "confidense" in our monetary policy to keep the dollar strong?

1 vote

#14.1 - Fri Feb 13, 2009 3:52 PM EST

jscusmc69

good Question---I don't know! If the Dollar was backed by a tangible ---IE Gold--maybe. WE The United States would still Need a central bank --on the order of the Fed I think BUT controlled by WHO?? Treasury--?? It in it self has MANY problems.

I ran across something yesterday had to do with The new Dec of Treasury.Paulson and Bernake--Gietner(sp) was head of the NY FED and was charged in 2006 or 2007 with investigating info about Wall street--Banks in trouble--and the mortgage mess while it was in a controllable situation--prior to the Melt-Down. Will try and find it again and get it to you.---BUT all three had PRIOR Knowledge that at leas 2-3 years--should have done something BUT they didn't!

On the Stimulus--I got a copy from a good friend--Hes an Independent Congressman--Was up most of the night reading it and still I find it totally dumb-founding that --as has been stated on the news -Very FEW in the Senate read the 1000+ pages--Blindly VOTING this crap DONE!! Will send you a copy!

1 vote

#14.2 - Fri Feb 13, 2009 4:33 PM EST

Blearc

Thanks, did the e verify make it or do we need to get another bill started?

2 votes

#14.3 - Fri Feb 13, 2009 8:54 PM EST

jscusmc69

NO E-Verify in the bill!! GO Figure! After being up most of the night I got some sleep and am working my way through Docs for this vine and another. Also digging into the E-Verify--BUT it is not in the Bill!!

2 votes

#14.4 - Fri Feb 13, 2009 11:29 PM EST

Blearc

actually I'm working on it too, I'm only on the first report but I did find that TARP reciepients hare limited in their hirering but I haven't found e-verify.

But I did find something else interesting: Buy American made it in.

http://appropriations.house.gov/pdf/Recovery_Bill_Div_A.pdf

page 489 for the Buy American clause

page 494 for the TARP recipients hiring restrictions

1 vote

#14.5 - Fri Feb 13, 2009 11:56 PM EST

Blearc

Going to start another article just on this.

1 vote

#14.6 - Fri Feb 13, 2009 11:56 PM EST

GetOffMyMountain

Did you write that other article, as in your above comment ?

I know I am late in coming to this article, buttttt I just watched this video on the Federal Reserve that confirmed rumors I heard years ago about there is NO LAW that we have to pay Federal Income Taxes:

http://www.youtube.com/watch?v=eerm9X1JAC0 {long video}

http://trueworldhistory.info/

http://federal-reserve.com/

Hope this is helpful, you would do better with this info than I would :-}

1 vote

#15 - Wed May 27, 2009 6:34 PM EDT

GetOffMyMountain

And NOW WE ALL KNOW why the banks, and Wall Street got the money, instead of bankruptcy. They are all in corruption with each other and the Bilderberg Group to have a One World government and starve the rest of us out....their thinking that they are the elite of the world and the rest of us can die, so the world is no longer over- populated. Cause fear and panic. They are just plain evil.

1 vote

#15.1 - Thu May 28, 2009 12:13 PM EDT

comstocklode

Here's another interesting link.

http://www.john-f-kennedy.net/thefederalreserve.htm

#16 - Wed May 27, 2009 9:00 PM EDT

GetOffMyMountain

Yeah I read that on my link: http://federal-reserve.com/ on the right hand side of the page :-}

1 vote

#16.1 - Thu May 28, 2009 12:21 PM EDT

comstocklode

And a link to Congressman McFadden's speech before Congress.

http://comstocklode.newsvine.com/_news/2009/02/28/2490753-congressman-mcfaddens-speech-on-the-federal-reserve-corporation-1934-gold-silver-forum

#17 - Wed May 27, 2009 9:06 PM EDT

jscusmc69

Hey Blearc---will be posting more new Fed info including a link to the BUY BACK $$$$ amount!

2 votes

#18 - Thu May 28, 2009 1:32 PM EDT

dean-2595993

congress needs to buy it back now and impose the gold standard now bring back america

#19 - Wed Nov 3, 2010 5:29 PM EDT

Blearc

You may be right but imposing the gold standard would require some fractional math I'm afraid.

#19.1 - Sat Nov 6, 2010 1:15 AM EDT

Topher-2735942

but more questions, without the fed would their be enough "confidense" in our monetary policy to keep the dollar strong?

The answer to this is a tentative yes. Really the only thing holding up our currency currently is the fact that we are constitutionaly required to repay all debts. That means that US Notes are guaranteed to have value by our government, so they will be highly prized by other governments - as long as the US is a stable country.

It is ALWAYS better to back your currency however. For instance, China could bring the US to it's knees overnight by refusing to accept Federal Reserve Notes as currenty and demanding repayment of all debts in other forms of capital.

BLEARC

Can we buy back the FED for 450 million?

Published to:

February 3, 2009

SECTION 1. SHORT TITLE.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF:

New Users:

Existing Users:

BLEARC

Can we buy back the FED for 450 million?

Published to:

February 3, 2009

SECTION 1. SHORT TITLE.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

FUN STUFF:

COMPANY STUFF:

LEGAL STUFF: