4 votes

Federal Promissory Reserve Act, 2013. Sponsored by Mark Twain.

Fleecing of America.

Federal Promissory Reserve Act, 2013
This act supersedes & replaces the previous Federal Reserve Act, 1913: to Create "Elastic Currency."

    An Act To provide for the [dis]establishment of Federal Reserve banks, to [un-]furnish an elastic currency, to afford means of [stop] rediscounting commercial paper, to [re-]establish a more effective supervision of banking in the United States, and for [no] other purposes.

The second sentence takes the stretch [out of the elactic currency] from the first sentence above & stretches further [no more.]:

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the short title of this Act shall be the "Federal Promissory Reserve Act, 2013." Wherever the word "bank" is used in this Act, the word rapscallions behind the named bank shall be held to [account.] include State bank, banking association, and trust company, except where national banks or Federal reserve banks are specifically referred to. The terms "national bank" and "national banking association" used in this Act shall be held to be synonymous and interchangeable. The term "member bank" shall be held to mean any national bank, State bank, or bank or trust company which has become a, member of one of the reserve banks created by this Act. The term "board" shall be held to mean [contempt and the][held in contempt.] ; the term "district" shall be held to mean Federal reserve district; the term "reserve bank" shall be held to mean Federal reserve bank.

Also see: Federal Reserve Act, 1913: to Create "Elastic Currency" Submitted by Mark Twain, 02/09/2013

Robert Hemphill, Credit Manager for the Federal Reserve was quoted as saying,

    "This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."

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Ben Bernanke,

the makings of a Fiscal Psychopath.

http://www.youtube.com/watch?v=uWg5AJl_57M&list=UUyk94lY4SR7...

Gold standard: because man can not be trusted to control his greed

Cyril's picture

BUMP.

BUMP.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Cyril's picture

Yea !

Yea !

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Government has no money, but

Government has no money, but it does have police power. And corporations have money, but no police power. Isn't it obvious then that the two would become lovers in a deviant and unholy fascist romance?

http://www.dailypaul.com/279188/lets-rename-it-the-military-...

http://www.flickr.com/photos/expd/8564643414/lightbox/

With thanks to WB7

~ Engage in the war of attrition: http://pacalliance.us/redamendment/

This stuff ain't money. What if neither uses money?

What if even military was bought & paid with this stuff? What if?

"What if?" - Ron Paul, statesman, author, & humorist

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul