If the Supreme Court declared the Federal Reserve to be unconstitional, would that wipe out most of the national debt?
Submitted by Ralph Waldo on Tue, 02/19/2008 - 16:38
If the Supreme Court declared the Federal Reserve to be unconstitional, would that wipe out most of the national debt?
We had a discussion about this last week but apparently someone didn't care for the topic. What is your latest thinking on this.
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Technically.
the United states are not in debt, as a matter of fact they are owed a huge sum of money, more money than all the currency's in the world many times over.
Who owes the united States money? Logical question but the answer will throw you off: THE UNITED STATES OF AMERICA.
THE UNITED STATES OF AMERICA is a foreign corporation acting in place of the original jurisdictional government set by the founding fathers. Because the original government of the united States is not allowed to have debt that makes all Citizens debt free (Citizens, not citizens).
http://home.iae.nl/users/lightnet/creator/federalgovernment.htm
If the ron paul movement did this everything would fall into place.
I reserve the right to govern myself.
I reserve the right to govern myself.
250 Mill. to eliminate debt.
If I am remembering correctly, the original contract with the shareholders of the Federal Reserve could be ended anytime with the Government paying 250 mill. (could be 450 mill. but it is still pocket change compared to 9 trillion) to buy back the shares owned by private bankers. To the best of my knowledge, this figure does not increase over time and the debt would be eliminated. After all the Federal Reserve didn't loan us their own money from their vaults.
So my answer would be yes we could eliminate the debt by buying back the shares owned by International Bankers.
This was written into the original contract and could have been changed when FDR gave sweeping new powers to the Fed (but I am not aware of any such change).
as an American...
I am seeking reparations!
I call for the American Reparations Act of 2008 to be filed immediately against the (non)Federal Reserve to reimburse me, and ALL Americans, for the money stolen from us since 1913...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
and by money,
I assume you mean gold. Demand our gold back from the thieving bastards.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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But who are the "bastards"?
What if the U.S.A. said to the "bastards" we're not paying. What would "they" do? We've lost credibiltiy in the last week as the world financial reserve basis. What could "they" do? March an army against us? Tell us "they don't won't to play anymore"?
Who is "they"?
Where's our money going too?
Do we (our children) really have to pay "them"?
What's the recourse if we default?
I think we are about to find out.
It seems that congress is starting to realize that their necks will be on the line as well if they pass the bailout. That is going to be the start of something big. The only thing worse than a spoiled toddler that doesn't get his way is a spoiled banker. At least toddlers don't have access to politicians who have access to the police state, soldiers and nukes. "They" are going to go down, but they are not going to go down without a fight.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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"they" is us
The army that will be marched against us will be our own. We the People won't have a chance with pitch forks and torches in a show of arms. Our only shot is to not obey. Stop feeding the monster. Don't give them your hard earned money. Sure, they'll just print what they need, but that game is up, the ponzi scheme is not going to work much longer.
Just say no.
END RUN plan revieled
THEY essentialy want us to become the DERIVITIVE COMPANY FOR our own AMERICAN economy...WE would assume all RISK of DEFAULT or FAILURE....FAILURE which by adding the NAT'L debt ,coupled with the tax for this bailout will be a sure thing....Since they will be the ULTIMATE final CREDITOR, because we make them LIQUID, they can BLACKMAIL or SELL us out upon default...NO more AMERICA....RISK that they already have assumed will be tranfered to the U.S. GOV'T , us citizens...
THEY are not transfering wealth ,THEY are about to transfer HUGE RISK that is forseen by them to be an impending DISASTER...END
says
easy come/easy go, I guess
NO.....NO....NO....IT would mearly mean the GOV'T could not get into debt by printing notes for use as CREDIT ...What is due as of TODAY still needs paid back to whoever holds the notes I.E.--- THE CREDITORS.......
IT's not all that complicated......You run a household, most of you. ..YOU go to a BANK to loan for a need or a want... The bank becomes your CREDITOR....If they want their money back & you already spent it ,what do you do??? SELL or loan money elsewhere to hold them off .. I.E.get another creditor...Along the way you add this that & the other thing & after a while you owe too much, more than you are worth, in assets that you can sell...Your in a pickle....CREDITOR demands payment ,you cannot provide ,CREDITOR takes you over or sells you out ...SAME scenario with the so called bailout ,only they added a twist to make it look like it is not forced. .SELL you out & buy you back CHEAP...END of AMERICA as we know it....EVERYONES happy while their country & freedom is flushed down the toilet......BUT we will have HEALTHCARE..YEA.THERE is more.but STOP
says
Has anyone filed a complant on the fed?
to any US court?
Just say no
What if we just said "we're not going to pay it". What's the recourse?
I say give them the finger, not our future.
seriously
What if the "we the people" said: No, we're not going to pay the interest, the debt, screw you guys. Who do we really owe this too? What would happen?
Bueller? Bueller? Anyone?
No one here has an opinion or answer as to who gets all this money from this criminal “bail-out"? No comments from the trolls? Not even an idea what the consequences would be if we just "reset" and said we aren’t going to pay?
Yes, the credibility we’ve enjoyed for so long as the financial leader of the world would be lost – but isn’t now?
Why pay?
To Whom?
NOPE.....
NOPE.....It would however have a good chance of eliminating all interest charged by the FED on the monetized debt.
Rags make Paper; Paper makes Money; Money makes Banks;Banks make Loans; Loans make Beggars; Beggars make Rags
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
Go Ahead
Let me have it. Its called NESARA and its coming to a town near you !!
"Obamney care," Nuff said.
Why didn't I know about NESARA before?
So what is the deal? If it is already a Law, why can't it be announced??
In Christ,
Dave
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Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.
In The LORD Jesus Christ;
Dave
"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17
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yeah celeste! you go girl
personally, i am really tired of people just saying no. if you aint got a solution, then come up with one!! i absolutely love your posts celeste-i'm right there with you and thanks for that web-site a few weeks back. i have learned SO much. i dont know what to make of global analysis but it sure does make more sense than anyones theories on DP. Its funny how everyone here claims to be openminded but refuses to even acknowledge possibilities!! i love that the FBI is FINALLY stepping in. This gives me hope and I personally cannot wait for everyone to know that peace is coming. Did you happen to catch President Admanajhads speech today in front of the UN council?? wow- i wished my President could be just like him. he knows whats up and yet he also knows that the tide is turning. he even said that the regime is crumbling! now that is a man i can believe in! a man who wants peace and love and freedom for everyone and everything. And to think our President wants to attack. its sick. anyway, it will all work out!! thanks again celeste
~peace
~peace
Rest Assured
The tide is turning. A beautiful day is about to dawn. It is always the darkest just before.
"Obamney care," Nuff said.
how about
nationalizing the FED and the big banks who where its friends.
We could once again print our own money.
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
No, no, no
1. Reduce the buildings to dust.
2. Public execution for the central and investment banksters--with a suspension of the 8th amendment of the constitution in the case of punishment against bankers.
3. The elimination of fractional reserve banking, fiat currency, and income tax.
We need to make the punishment so heinous and entire that future generations will compare "banking" to cannibalism and incest. The schools should teach that fractional reserve banking is a crime against humanity, and those who practice it should be identified and punished as the leeches and scum that they are.
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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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I LOVE IT!
....
Explore Orthodox Christianity
I like the cut of your gib!
"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises
"My theories explain, but cannot slow the decline of a great civilization. I set out to be a reformer, but only became the historian of decline."
- Ludwig Von Mises
Well said, now tell us how you really feel.
HYDROMAN
"Since 1789 the only government on Earth that has the power to crush the American people`s liberties across the board is the government of the United States"
Robert Higgs
It would eliminate all but the foreign debt
any debt to the fed and the intl bankers cartel would be gone. For all of us!!
Explore Orthodox Christianity
no it would not.. the o nly
no it would not.. the o nly thing that would eliminate this debt would be either it is paid off. (fat chance).. or the government files for bankruptsy or defaults!
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
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If it was declared unconstitutional that would mean the funds
had been obtained through fraud, thereby eliminating the legitimacy of the proceeds.
Ralph
You nailed it.
"Obamney care," Nuff said.
Ooh, let's find out! (by ending the FED)
Again, the spam bot fortuitously bumps a salient thread!
What is the Spam Bot!
!
It would save a bunch
The treasury prints the money and sell it to the fed at less than 2 cents per dollar bill. Whether it is a 1dollar bill, a 10 dollar bill a 100 dollar bill they pay
less than 2 cents per bill. They then lend the money back to us at full face value and charge us interest on it. So their mark up is incredible high.
Today everything is computerized but it pretty much works the same way.
The amount of money we would save by dumping the Federal Reserve would be so huge there would be no need for an income tax and other taxes could be eliminated as well. This is all basic knowledge of how the fed functions.