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The Federal Reserve is within the Constitution

Im in an arguement with a friend of mine about the Federal Reserve being a constitutional organization... he is citing an article that says:

In Article I, Section 8, Clause 7, Congress is granted the power To establish post offices and post roads..In Searight v Stokes (1845) the Supreme Court ruled that the Congress could accomplish this by entering into a contract with a State to undertake the construction and upkeep of a postal road. In short, Searight upholds the Congress' authority to charge some other entity with the inaction of its powers. Indeed later and repeated opinions and dissents confirm the Searight decision. Congress is not bound to undertake provisions in Article I, Section 8 but merely granted the power to do so. As such, the charging of a third party with the responsibilities of monetary governance is neither unconstitutional nor without precedent.

I dont know much about the case and wont have time to do my research today. I'm looking for some help or insight to this. Thanks!



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William Cooper (RIP) explained it well...history of the Fed

"In the history of the world, there's never been a people who were truly free or who truly ruled themselves until the United States of America was created as a Republic...by which we rule ourselves through elected representatives...

They [the founders] also gave us every tool by which we would destroy ourselves if we weren't capable of doing it [rule ourselves].

The United States and France...were created to bring about government which would function as the an antithesis to the kings and queens of the world and cause them to topple off their thrones.

It [the US and France] also gave man a chance to prove, once and for all, whether he could rule himself or not. And if they could, fine...that would be the New World Order. If you [man] couldn't, they built the tools into the Constitution to allow them [?] to take it away from us.

And those tools are the creation of the Federal democracy within the boundaries of Washington DC and the right to contract...through which if we were irresponsible, we would contract to receive rights from that Federal democracy and thus, in return, would give up our freedom.

And that's exactly what's happening."

If you don't know anything about William Cooper, he was a pioneer in the talk show realm...before it was hijacked by the likes of Rush and Hannity.

Check out this youtube series: http://www.youtube.com/watch?v=YmvgKx1KoQg

Anway, THAT Constitutional contract, that test, (the American Experiment, if you will) is why the US Congress of 1791 charted the First Bank of the United States that both federalized all US currencies and outsourced control over our economy. That Congress, championed by Alexander Hamilton, believed that we could not rule ourselves and thus put us under the thumb of some powers that be.

The First Bank of the United States was patterned after the Bank of England...the very thing we tried to get away from. US Colonists were so pissed at how England was controlled by the Church and Bank of England, they escalated the Boston Tea party into a full-fledged revolution...and won. But many of the Founders really didn't mean for all that to happen so they tried to steer the new nation right back toward the powers that be...thus, a mere 15 years after the Declaration of Independence was signed, the Congress chartered the First Bank of the United States.

People did try to fight back though. The First Bank's charter expired in 1811 under President James Madison. The bill to recharter failed in the House of Representatives by one vote, 65 to 64, on January 24, 1811. It failed in the Senate when Vice President George *Clinton* broke a tie vote that February 20. In 1816. However, Madison superceded this effort and merely revived this economic oppression in the form of the Second Bank of the United States.

The predominant reason that the Second Bank of the United States was chartered was that in the War of 1812, the U.S. experienced severe inflation and had difficulty in financing military operations. Subsequently, the credit and borrowing status of the United States were at their lowest levels since its founding.

Basically, when we were about to take our country back, they threw us into war and economic depression. They showed us who's boss.

The Second bank was patterned after the First Bank of the United States[citation needed]. The legality of the Bank was upheld in the U.S. Supreme Court case McCulloch v. Maryland (1819) that also declared null and void any state law contrary to a federal law made in pursuance of the Constitution.

THAT is why Andrew Jackson in 1833 worked through a third party, the Whig party, to 'kill the Bank". During September 1833, President Jackson issued an executive order that ended the deposit of government funds into the Bank of the United States. After September 1833, these deposits were placed in the state chartered banks. The U.S. Senate censured Jackson on March 28, 1834, for his action in removing U.S. funds from the Bank of the United States. When the Jacksonians had a majority in the Senate, the censure was expunged. There were two assasination attempts on Jackson.

Well, the powers that be didn't give up. They slowly fought back getting more and more political and media power. When the US people/politicians wouldn't back down, there was a big showdown.

THAT is why there was a Civil War (1861). The Souther states revolted against the growing Federal government. They knew what was coming, tried to fight it politically, and then tried to secede, but the powers that be wasn't gonna have all that money just walk away.

THAT is why Lincoln was assasinated. Even though Lincoln tried to hold the country together, Lincoln too wanted a self-sufficient nation and thus Lincoln refused to borrow from the international banking cartel...preferring to make our own money (greenbacks...did you know there was a greenback party? http://en.wikipedia.org/wiki/United_States_Greenback_Party). The powers that be had to, once again, show the politicians who's boss.

THAT is why after the civil war, the Southern culture had to be crushed and humiliated.

Over time, the increased Federal power, due to the constitution, gave central banking more control over currency. Political opposition to central banking was the primary reason for shutting down the banks, but there was also a considerable amount of corruption in the second central bank. Ultimately, the third national bank was established in 1913: the Federal Reserve, under Woodrow Wilson, who later said "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." -Woodrow Wilson, after signing the Federal Reserve into existence.

THAT is why Republican Congressman Louis T McFadden was poisoned. McFadden claimed the Fedwas created and operated by European banking interests who conspired to economically control the United States. On June 10, 1932, McFadden made a 25-minute speech before the House of Representatives, in which he accused the Federal Reserve of deliberately causing the Great Depression. McFadden also claimed that Wall Street bankers funded the Bolshevik Revolution through the Federal Reserve banks and the European central banks with which it cooperated. McFadden died a young man in 1936 by poison.

So here we are, still under the Third Bank of the United States...the Federal Reserve.

Here are Ron Paul and his supporters attempting to "kill the Bank" as Andrew Jackson did.

So remember our fallen heros: Lincoln, Jackson, McFadden, Cooper. These names should be on our protest signs.

That first paragraph is a misnomer

The first part is true -- there has never been a free people.

The second part is false -- Only a small group of Americans were free to rule over themselves and to rule over others; that's slavery (of one kind or another).

America has always been a ZERO Trust Society -- we need to become a ZERO Abdication Society (no voting and no lobbying thus no right-seeking).

Gov't should have ZERO Currency Authority for staters.

Octobox

thank you for this--

it's hard to be awake; it's easier to dream--

I did not know about McFadden; how sad--

but truly a hero. And now I wonder about Lincoln. He's been on my 'bad guy list' for years, since I woke up--

perhaps he is much like JFK--

who was starting to 'come around'---

oh, who knows?

I only heard of Cooper after he was killed--

I do know about George Hansen, though. His story is less well-known. He tried to take on the IRS and paid a terrible price.

it's hard to be awake; it's easier to dream--

I agree about Lincoln...he's iffy

Jackson is definately a warrior against the Bank.

I know he has some iffy history concerning Indians, but I think we can really strike some fear in the Fed's hearts with Andrew Jackson references.

'As Jackson Killed the Bank, Paul will End the Fed.'

bump

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"The belief is worthless if the fear of social and physical punishment overrides the belief."

I think there is a book called

"The Creature From Jackal Island" that covers this topic.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

It was created by an Act of Congress

The Federal Reserve Act. Passed under surreptitious conditions. Congress has authority to alter or abolish the Act any time it wants to, all that it takes is the will of the Congress.

Congress should begin the glide path to abolish the FED and adopt something similar to the North Dakota State Banking Model on a modified limited basis, but there is really not enough impetus yet for a country with the financial model exhibited by the US, to stop the coming dollar crisis, unless Congress wakes up and makes the proper changes very soon.

It is best to just pick up some silver, or better yet, Junior Silver Mining Companies, they are very cheap for now.

precedent

"As such, the charging of a third party with the responsibilities of monetary governance is neither unconstitutional nor without precedent."

He's certainly right when he says it's not without precedent.

Actions unconstitutional

Cannot directly address the question you ask, but would point out that congress is granted the power "to coin money" in article one section eight.

The fed however prints what it passes off as "money", and printing is much more than just a semantic difference, if the original meaning of the term "to coin" is understood, and is not an enumerated power of congress at all.

In the original meaning and under the coinage act of 1792 people brought gold or silver to the mint voluntarily where it was stamped into standard coins and returned to them for a nominal fee. That was it! No power to decide how much was brought or when or what it was used for afterward, let alone to create it at a whim out of thin air and obligate posterity to pay.

The federal reserve system has always been a legal failure, a moral failure and is now being revealed to all as an economic failure as well.

The Constitution does not

The Constitution does not give the government the power to print money, therefore the Fed cannot possibly be delegated a power that even Congress does not have. Congress is allowed to create a standard of weights and measures for gold and to coin money. The States are given the ability to create legal tender, but in that case it has to be gold or silver. So individual states could print money, but they can't make it legal tender.

Ventura 2012

Creativity with words......

I am not familiar with that case, however i will note that I have heard others say the same thing about the declarations of war. That congress can transfer their powers to declare unto the president.
I have issues with that thought process. Mainly because, if the founders intended for congress to hand off their powers, why did they go into such depths and articulation in separating and specifically enumerating the powers each branch held?
Also, remember that the States hold the ultimate authority. It was the states that "In order to form a more perfect union", established the federal government to protect our freedoms and property. They held the power in the first place and merely gave some of it to the federal government to solidify the unification of the states.
Therefore, if congress gave some of their power back to the states (which is the people), that is in alignment with the constitution. They cannot IMO give any power enumerated unto them to a private institution or individual.
It is against the very reason the revolution was fought.

"You are not what you think you are, but what you think............. you are".
-Earl Nightingale

Good Points

Thanks