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Old February 12th, 2008, 09:13 PM   #1
Scofflaw
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The FED not private bank???

STOCK ISSUES; INCREASE AND DECREASE OF CAPITAL.
Provision for increase or decrease.
12 USC Sec. 287 SEC. 5. The capital stock of each Federal reserve bank shall be divided into shares of $100 each. The outstanding capital stock shall be increased from time to time as member banks increase their capital stock and surplus or as additonal banks become members, and may be decreased as member banks reduce their capital stock or surplus or cease to be members. Shares of the capital stock of Federal reserve banks owned by member banks shall not be transferred or hypothecated. When a member bank increases its capital stock or surplus, it shall thereupon subscribe for an additonal amount of capital stock of the Federal reserve bank of its district equal to six per centum of the said increase, one-half of said subscription to be paid in the manner hereinbefore provided for original subscription, and one-half subject to call of the Federal Reserve Board.

Division of earnings.DIVISION OF EARNINGS.
Annual dividends.SEC. 7. After all necessary expenses of a Federal reserve bank have been paid or provided for, the stockholders shall be entitled to receive an annual dividend of six per centum on the paid-in capital stock, which dividend shall be cumulative. After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank.

Tax exemption.
12 USC 3019Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.
National banks.SEC. 8. Section fifty-one hundred and fifty-four, United States Revised Statutes, is hereby amended to read as follows:
Conversion of State, etc., banks into.
R. S., sec. 5154, p. 996, amended.Any bank incorporated by special law of any State or of the United States or organized under the general laws of any State or of the United States and having an unimpaired capital sufficient to entitle it to become a national banking association under the provisions of the existing laws may, by the vote of the shareholders owning not less than fifty-one per centum of the capital stock of such bank or banking association, with the approval of the Comptroller of the Currency be converted into a national banking association, with any name approved by the Comptroller of the Currency:

http://http://landru.i-link-2.net/monques/FR1.html


It should be added that all money used in this country, by our government and by us the people is actually borrowed money from the Federal Reserve in which interest must be paid. Interest that goes to pay the shareholders.

Who are these shareholders???

the Rothschilds of London and Berlin
the Lazard Bros. of Paris
Isreal Seiff of Italy
Kuhn-Loeb Co. of Germany
the Warburgs of Amsterdam and Hamburg
Lehman Bros. of N.Y.
Goldman & Sachs of N.Y.
and the Rockefellers of N.Y.


"For more than a century ideological extremists at
either end of the political spectrum have seized upon
well-publicized incidents ... to attack the Rockefeller
family for the inordinate influence they claim we
wield over American political and economic
institutions. Some even believe we are part of a secret
cabal working against the best interests of the
United States, characterizing my family and me as
'internationalists' and of conspiring with others
around the world to build a more integrated global
political and economic structure - one world, if you
will. If that's the charge, I stand guilty, and I am proud of it."
- David Rockefeller, "Memoirs" autobiography (2002, Random House publishers), page 405


"Give me control of a nations money supply,
and I care not who makes its laws."
-Mayer Rothschild
Private Banker
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Old February 12th, 2008, 11:11 PM   #2
brewmenn
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So if you don't like the federal reserve bank what system of banking would you propose to take it's place?
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Old February 12th, 2008, 11:15 PM   #3
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So if you don't like the federal reserve bank what system of banking would you propose to take it's place?
we could use the tried and true mason jar buried in the back yard method?
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Old February 12th, 2008, 11:31 PM   #4
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we could use the tried and true mason jar buried in the back yard method?
And what will we be putting in those mason jars? Don't say "money" because without some type of banking system you won't have any.
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Old February 12th, 2008, 11:34 PM   #5
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And what will we be putting in those mason jars? Don't say "money" because without some type of banking system you won't have any.
gold/silver bullion.
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Old February 13th, 2008, 04:57 AM   #6
Scofflaw
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In regards to the issuance and printing of money it should not be a bank at all, but the system that is layed out in the constitution. US notes were printed until 1971 and have never offiacially removed from circulation, They are backed by gold at $42.2 dollars per ounce.
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Old February 13th, 2008, 12:28 PM   #7
Chiefwoohaw
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So if you don't like the federal reserve bank what system of banking would you propose to take it's place?
A system that is backed by GOLD!! And I agree with SteveO, what is the world coming too
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Old February 13th, 2008, 01:43 PM   #8
SilverDollar
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If my history class memory serves....The last two presidents that tried to bring the US back the Gold Standard were Lincoln and Kennedy....
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Old February 13th, 2008, 02:12 PM   #9
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It looks like four presidents were assasinated for trying to mess with the country's finances (source: www.uhoh.com):

1862 - Lincoln's Debt Free Greenbacks
1881 - President Garfield was assassinated shortly after declaring that whoever controls the supply of currency would control the business and activities of the people
1901 - Wiliam KcKinley, President, was assassinated. He had been recommending the gold standard.
1963 - Kennedy
1. Crossed the Fed and created debt free money.
2. The day after Kennedy's death, Johnson recalled and destroyed all of Kennedy's debt free money.
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Old February 13th, 2008, 04:09 PM   #10
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Originally Posted by SilverDollar View Post
It looks like four presidents were assasinated for trying to mess with the country's finances (source: www.uhoh.com):

1862 - Lincoln's Debt Free Greenbacks
1881 - President Garfield was assassinated shortly after declaring that whoever controls the supply of currency would control the business and activities of the people
1901 - Wiliam KcKinley, President, was assassinated. He had been recommending the gold standard.
1963 - Kennedy
1. Crossed the Fed and created debt free money.
2. The day after Kennedy's death, Johnson recalled and destroyed all of Kennedy's debt free money.
Yes, you can think Calvin boy for letting the banks rule america

And people wonder why Kennedy was assisinated


The US will end as we know it the first time we defult.
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