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HR 1207 on Fox Business
Submitted by Michael Nystrom on Wed, 05/20/2009 - 08:38
MarketWatch's Darrell Delamaide talks about HR1207 Congressman Walter Jones on HR 1207: » |
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federal reserve a federal institution?
haskydasky
Unless Im mistaken the federal reserve is NOT part of the government other than in name and that way only in the hopes of swaying those who wish to investigate. They ARE a private enterprise who answers to nobody! If everyone knew they were a private bank Obama would have investigated them long ago.
haskydasky
Welcome to the edge of the rabbit hole.
We'll help you down it. Did you people were quoted during WWII saying, "I hope someone tells Adolph about these camps--he'll close them for sure."
Obama would not have done anything differently because he already knows the deal with the FED, he works for them.
watch The Obama Deception, and then come back for more.
Explore Orthodox Christianity
feedback@foxbusiness.com
feedback@foxbusiness.com
Jenna Lee: http://www.foxbusiness.com/bios/talent/jenna-lee/
"Lee came to FBN from Forbes.com"
Ron Paul's Convention Speech
Ron Paul's Convention Speech
it's just their tactics
to choose and exploit a particular congressman that is not fully educated on the issue.
Who is that woman
I would have said this after her first comment: "Congress is getting paid already to audit the Fed and they never have done it once -- so, this HR will 'repay' the people for back tax revenue lost by a current audit today."
*curtsy*
I cute I win
Octobox
Ps...I'm 6'2 and 240lbs -- I'm not "cute" except to my wife and my mother, sometimes my daughter if I buy her shiny things.
Pss..My family made me watch dancing with the stars the other day -- I now know why I never watch it -- I'm glad they got the minor on there to "express" her sexuality more (pedaphiles) -- Hollywood.
Psss...Dancing with the Stars needs to have a Gangsta Rap vs Heavy Metal dance off -- I might watch that. Especially Ozzy vs Flava Flav
*&^ Constitution --- Constitutional Rationality
Very painful to watch
I mostly blame Congressman Jones for his inability to effectively answer those dumb questions.
Unless Ron Paul! -Lorax
she wouldn't act so cool against our president
or some other reps who really know what this is about. FOX's typical game plan is very predatorial spot the weakest victim and pounce on it
He's a little out of his depth
He did a not bad job, but definitely out of his depth. I had a feeling the female reporter works for the Fed in some capacity. She probably doesn't, but it seems like she was trying to undermine the congressman and defend the Fed.
Register as Republican and Vote for Ron Paul
If reporters asked this many
questions about every action government takes, we might actually have 'working' journalism in this country. It's better than the propaganda they shove down our throats.
If we don't change our direction, we're likely to end up where we are headed.
If we don't change our direction, we're likely to end up where we are headed.
To: feedback@foxbusiness.com, FBNlive@foxbusiness.com
Ms. Lee,
After watching your coverage today of H.R. 1207 (http://www.youtube.com/watch?v=U-0gBrHquXo&eurl=http%3A%2F%2... and http://www.youtube.com/watch?v=OdNG8FcEDmk&eurl=http%3A%2F%2...), it is abundantly clear that there are some basic facts about the Federal Reserve that need to be shared with all anchors at Fox News.
*The Federal Reserve is not a federal entity. It does not accept job applications through the Office of Personnel Management. It's phone book listings are in the white pages, rather than the blue pages, give that it's a private entity. When sending mail, The Fed must use stamps because it is a private entity.
*The reason we established a relationship with the Federal Reserve in 1913 is because it is explicitly unconstitutional for our government to issue "bills of credit" (paper money that is not backed by a commodity asset). The private bankers of the Federal Reserve have been more than happy to legally counterfeit and print money out of thin air for 95 years, charging us interest for their "services".
*Since the Federal Reserve is not a government entity, it is currently not subject to Freedom of Information Act (FOIA) requests. Bloomberg even seemed surprised when they asked to know where 2 trillion new dollars went in their FOIA request only to have the Fed reply that they are not subject to such requests. H.R. 1207, if passed, will for the first time ever make the Federal Reserve accountable to American citizens.
*The Federal Reserve claims that it's mandate is to guard against inflation. Since their inception in 1913, the dollar has lost 96-98% of its 1913 value via inflation. In fact, the Fed's primary function is inflation - precisely that against which it claims to guard. The only way to "reduce interest rates" is by printing more money and entering more key strokes in the digitized accounts banks hold with the Fed. Inflation and steep booms and busts are the result. The Fed's track record is abysmal and is justification enough for a call for full transparency of the secretive organization.
The Federal Reserve has been systematically looting our country of its wealth since the organization's inception. H.R. 1207 is an honest effort to bring the private bank's crimes to the attention of the American public. By implying in your coverage today (more than once) that the Federal Reserve was some sort of government agency acting in the best interest of our country, you are only continuing to lead astray sheep who may otherwise realize that they have been fleeced for 95 solid years. Please feel free to direct any questions to me, Fox News' own Judge Napolitano, or Rep. Ron Paul, who is always happy to discuss his bill. You can no longer claim ignorance.
For truth and liberty,
Christopher Sullivan
“There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket."
- Marine Major General Smedley Butler
Great letter Chris
You have quite a way with words, glad you're on our side!
Thanks for all you do, everyone, everyday. This is winable!
Revolution!
R3VOLution
Good one!
Ron Paul's Convention Speech
Ron Paul's Convention Speech
No such corporation exists
This is a fairy tale, nothing but a myth in the freedom movement. Find a single shred of documentary evidence to prove its existence. Is it incorporated in D.C., Delaware, Iowa...? Who are its officers? Where is its filing? This is all nonsense.
1933 Banking Act Confirmed/the FED's take over of USA-Republic!
Do you recall when they put the united States Republic into bankruptcy and reorganization, the approximate date when they started the UNITED STATES OF AMERICA CORPORATION—which does not operate under the CONSTITUTION?
Blacks Law Dictionary notes the Banking Holiday of March 4, 1933, which I presume, is the declaration of a state of Bankruptcy.
Since that date we have martial law or law of extraordinary powers, War Powers.
THEY have been at war with you and me ever since!
What can you do? Viral this Truth and have people get who the True Creditors of the UNITED STATES OF AMERICA CORPORATION are, “we-the-People” through Global Alliance Investment Association.
Go to www.GlobalAllianceInvestmentAssociationNew.org and www.phoenixmaterials.org and find out who THEY ARE, the VIPERS whom Esu Immanuel “Jesus” cast out.
Get what is really comin’ down!
Aloha
12 USCS
§ 95b. Ratification of acts of President and Secretary of the Treasury under § 95a
The actions, regulations, rules, licenses, orders and proclamations heretofore or hereafter taken, promulgated, made or issued by the President of the United States or the Secretary of the Treasury since March 4, 1933, pursuant to the authority confered by subsection (b) of section 5 of the Act of October 6, 1917, as amended [12 USCS § 95a], are hereby approved and confirmed.
(Mar. 9, 1933, c. 1, Title 1, § 1, 48 Stat. 1)
CODE OF FEDERAL REGULATIONS
31 CFR Parts 120-121
CROSS REFERENCES
Authorization for emergency banking regulations and bank holidays, 12 USCS § 95.
Right to amend and separability, 12 USCS § 212
This section is referred to in 12 USCS §§ 51b-1, 212, 213.
RESEARCH GUIDE
Am Jur:
10 Am Jur 2d, Banks § 278
INTERPRETIVE NOTES AND DECISIONS
Prior to adoption of 12 USCS § 95b it was assumed that presidential proclamation which purported to be directed against hoarding of cash was well supported by federal statute, and the regulations under it were valid, and that compliance therewith was compulsory. Kullman & Co. v. Woolley (1936, CA 5 Miss) 83 F2d 129.
Closing of national bank by Presidential proclamation was reasonable step to be taken in financial emergency which confronted country and was authorized by 12 USCS §§ 95, 95a and 95b, all of which are constitutional. Smith v. Witherow (1939, CA 3 Pa) 102 F2d 638.
President was not authorized to declare bank holiday by Trading with Enemy Act of 1917 but lack of authority was remedied by passage of 12 USCS § 95b. United States v. Briddle (1962, DC Cal) 212 F Supp 584.
Foreclosure sale by bank on date that Presidential proclamation declaring bank holiday was issued was legal since President was without authority to make proclamation as of that date and enactment of 12 USCS § 95b later did not render illegal what had been legally done. Anthony v. Bank of Wiggins (1938) 183 Miss 885, 184 So 626.
And below we have 95(a) of 12 USC.
What does it mean?
You and I are the enemy regarding the Federal Government according to the Trading with Enemy Act of 1917; and, confirmed and affirmed with these two code sections. And, we wonder why DHS and other agencies are so harsh on we the People, as they say “natural persons,” not synthetics, duplicates or clones.
(a) In order to provide for the safer and more effective operation of the national Banking System and the Federal Reserve System, to preserve for the people the full benefits of the currency provided for by the Congress through the national banking system and the Federal reserve system, and to relieve interstate commerce of the burdens and obstructions resulting from the receipt on an unsound or unsafe basis of deposits subject to withdrawal by check, during such emergency period as the President of the United States by proclamation may prescribe, no member bank of the Federal reserve system shall transact any banking business except to such extent and subject to such regulations, limitations and restrictions as may be prescribed by the Secretary of the Treasury, with the approval of the President.
Any individual, partnership, corporation, or association, or any director, officer or employee thereof, violating any of the provisions of this section shall be deemed guilty of a misdemeanor and, upon conviction thereof, shall be fined not more than $10,000 or, if a natural person, may, in addition to such fine, be imprisoned for a term not exceeding ten years.
Each day that any such violation continues shall be deemed a separate offense. (b)(1) In the event of natural calamity, riot, insurrection, war, or other emergency conditions occurring in any State whether caused by acts of nature or of man, the Comptroller of the Currency may designate by proclamation any day a legal holiday for the national banking associations located in that State.
In the event that the emergency conditions affect only part of a State, the Comptroller of the Currency may designate the part so affected and may proclaim a legal holiday for the national banking associations located in that affected part. In the event that a State or a State official authorized by law designates any day as a legal holiday for ceremonial or emergency reasons, for the State or any part thereof, that same day shall be a legal holiday for all national banking associations or their offices located in that State or the part so affected. A national banking association or its affected offices may close or remain open on such a State-designated holiday unless the Comptroller of the Currency by written order directs otherwise. (2) For the purpose of this subsection, the term "State" means any of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, or any other territory or possession of the United States.
Amendments
1983 - Subsec. (b)(1). Pub. L. 97-457 inserted "a State or" before "a State official". 1982 - Subsec. (b)(1). Pub. L. 97-320 substituted "In the event that a State official authorized by law designates any day as a legal holiday for ceremonial or emergency reasons, for the State or any part thereof, that same day shall be a legal holiday for all national banking associations or their offices located in that State or the part so affected. A national banking association or its affected offices may close or remain open on such a State-designated holiday unless the Comptroller of the Currency by written order directs otherwise" for "In the event that a State or a State official authorized by law designates any day as a legal holiday for either emergency or ceremonial reasons for all banks chartered by that State to do business within that State, that same day shall be a legal holiday for all national banking associations chartered to do business within that State unless the Comptroller of the Currency shall by written order permit all national banking associations located in that State to remain open". 1980 - Pub. L. 96-221 designated existing provisions as subsec. (a) and added subsec. (b).
Termination Of Trust Territory Of The Pacific Islands
For termination of Trust Territory of the Pacific Islands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions.
Bank Holiday Of 1933
Proclamations Nos. 2039, 2040, and 2070, dated Mar. 6, 1933, Mar. 9, 1933, and Dec. 30, 1933, respectively, related to the temporary suspension of banking transactions beginning Mar. 6, 1933, by all member banks of the Federal Reserve System.
Pursuant to Ex. Ord. No. 6073, dated March 10, 1933, formerly set out as a note under this section, the Secretary of the Treasury by order of March 11, 1933, authorized all Federal reserve banks and nonmember banks and other banking institutions to resume their normal and usual banking functions on March 13, 1933, subject to certain restrictions.
See 31 C.F.R. 121.20-121.22. The fifth and sixth paragraphs of Ex. Ord. No. 6073, relating to the removal of gold coin, gold bullion, or gold certificates from the United States by corporations, etc., including banking institutions and authorization of banking institutions to pay out gold coin, gold bullion or gold certificates, were revoked by Ex. Ord. No. 11825, Dec. 31, 1974, 40 F.R. 1003, set out as a note under section 95a of this title.
PROC. NO. 2725. EXEMPTION OF MEMBER BANKS OF FEDERAL RESERVE SYSTEM Proc. No. 2725, Apr. 7, 1947, 12 F.R. 2343, 61 Stat. 1062, provided: NOW, THEREFORE, I, HARRY S. TRUMAN, President of the United States of America, acting under and by virtue of the authority vested in me by section 5(b) of the Trading with the Enemy Act of October 6, 1917, 40 Stat. 415, as amended [section 5(b) of Appendix to Title 50], and section 4 of the act of March 9, 1933, 48 Stat. 2 [this section] and by virtue of all other authority vested in me, do hereby, in the interest of the internal management of the Government, proclaim, order, direct, and declare that the said proclamations of March 6 and March 9, 1933, and Executive order of March 10, 1933, as amended, are further amended to exclude from their scope banking institutions which are members of the Federal Reserve System: Provided, however, That no banking institution shall pay out any gold coin, gold bullion, or gold certificates, except as authorized by the Secretary of the Treasury, or allow the withdrawal of any currency for hoarding.
This proclamation shall become effective as of March 15, 1947.
No, there is no openness.
Yes we are concerned. How much simpler can anyone make this for these stupid reporters? You money is being used for who knows what, under what terms, and to whom. Do you care? Do you want the Fed. to tell you where they spend or allocate trillions of dollars of your money? Guess what, they don't and won't tell you. That is the purpose of HR 1207. Interview Ron Paul.
YES
The answer is YES the Fed has said, "NO I will not answer that question."
This congressman needs to be briefed and needs an education.
"Democracy or Republic - or whatever you want to call it." -Jones
"WHAT!?, America was set-up as a Republic, if you can help us keep it sir." - Me
Dr. Paul please help Congressman Walter Jones.
Ron Paul needs to hold a class for congress.
I can't even imagine
a dumber 'reporter' than this broad. How can you miss the face that we as citizens have no idea what the Fed does with our money? And no, they do not answer questions from Congress. She even asks about how the audits get paid and is it more tax payer money. Dumbo, they are spending trillions of your dollars, and you and I have no idea how or where it goes. Do these reporters get paid?
she was actually quite clever
Fortune Favors the Bold
she clearly had a mission
Fortune Favors the Bold
Maybe they get paid by the FED to ask stupid questions....
THus keeping the right ones out of View.
------
Libera me, let the truth break, what my fears make--Leslie Phillips
What's next after End the Fed? Repeal the XVI and XVII Amendments!
But that man should play the tyrant over God, and find Him a better man than himself, is astonishing drama indeed!~~D. Sayers
There is no difference between an authoritarian government from the right or the left...F. A.Schaeffer
I thought she was
lobbing questions in there. She was setting him up to hit a home run on the reasons to support the bill. It was W. Jones that didn't know crap (other than RP is his friend).
Hahaha
She talked about government waste in auditing the Fed. Wow. As if there aren't millions of other places of government waste that never get touched. This is nothing compared to the departments.
"Greater than the force of mighty armies is the power of an idea whose time has come"
- Victor Hugo
yeah
Fortune Favors the Bold
that was pretty silly
Fortune Favors the Bold
WOW! in order to watch this
WOW! in order to watch this i had to slap my forehead several times. How dumb can you get? How can you possibly be against auditing a central bank that controls America's economy? How can you possibly be against knowing what they are doing?
complete utter jaw dropping stupidity is needed, but anyone with 2 brain cells to rub together will be able to see through it, so don't worry.
Godbless his heart
But Walter Jones was the poorest representative of why the Fed should be audited or it's functions or of its origins.
Our congressmen are just as clueless as the "masses" w/ exception of Ron Paul.
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dustin@asilenceproduction.com
http://twitter.com/doctor_jones
http://youtube.com/silencemagazine
Faux Business
The great purgative for my breakfast, lunch or dinner...As I could only watch on an empty stomach I choose not to watch at all lest I die from starvation or just plain stupidity.
Just one last kick in the nuts, then a final deathblow
Financial Secession from the Tape Worm Debt Slavery Economy
Cape Republic of Good Hope Secession Discussion:
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I guess 218 is the magic #
The Fed and the corrupt in congress (I'll have to include Kucinich, now) don't want 1207 to get to 218 cosponsors to avoid the discharge petition Walter Jones mentioned.... Bast****
Way to destroy the support behind the bill!!!!1
Get people who don't know anything about the fed to defend the bill!
She was asking good question that Ron Paul would have knocked out of the park.
Updated: My Title...lol
Dr. Paul has been denied information from
the Federal Reserve MANY times. No disrespect to Walter Jones but he doesn't have the knowledge or command on the subject that the Dr. does. Obviously they can't have Ron Paul on to talk about HR 1207 and the need for an audit on the Federal Reserve because he'd make the opposition look like a bunch of fools. Ridiculous, she was downplaying the audit as if really trivial and a "waste" of taxpayer money....I'm both sickened and agitated by the ineptitude and arrogance on display here.
Geez, this was so painful to
Geez, this was so painful to behold the sheer stupidity of that woman. She labored so long on the cost of an audit. What a no brainer. An audit would be chump change, especially using the GAO an gov't organization that already exists to audit the Fed that has control over TRILLIONS of dollars and won't tell where its going. Too bad Ron wasn't there to set that one to rest. They sure spent a long time asking pathetic questions. I like the awareness it might bring to the public, but they might have made it a turn off.