If the Supreme Court declared the Federal Reserve to be unconstitional, would that wipe out most of the national debt?

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.

www.ringsiderevolution.co...

Restitution?

The Grace Commission instituted in 1980 by Ronald Reagan found that 100% of all the "income" tax we pay goes to satisfy the interest on the national debt. Google it, it's easy to find.

That coupled with the fact that the Fed IS unconstitutional would lead most Americans to say the hell with the money owed the Fed which is privately owned by a few international banking families.

No, be gone with them!

Lets' support a Constitutional banking system.

WHAT IF THERE WERE NO HYPOTHETICAL QUESTIONS? :-)

on any new money, if we didn't just nationalize their assets. They were after all working exclusively with OUR money.

No,

It would only eliminate the debt that was to be paid to Federal Reserve System.

The rest of the debt we would have to suit in court not to pay.

We sort of had this same problem when we got rid of the Continental Dollar.

The Continentals argued but agreed, they had to pay all debts in order to have standing in the world and world markets.

They don't have oversight by us. They make 900% profit each dollar they print.
I think we the people will think they owe us.
Maybe a bit of tar and feathers before we kick them out!

President Wilson said when signing it into law,
The Federal Reserve System was established by President Woodrow Wilson in 1913. The premise used by President Wilson and his financial advisors for the establishment of the Federal Reserve System was to "supplant the dictatorship of the private banking institutions" and "to stabilize the inflexibility of national bank note supplies". The previous system of banking was "feudal" in nature, in which private bankers control communities and could issue their own bank notes. They had little regulations concerning reserve assets and loan policies. Banking was a patch-quilt of institutions scattered across the face of the nation with no central policy.

He said in his papers when he faced death and his maker,

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.

Do research folks. Don't wait for the Old Media.

http://www.radicalpress.c...

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http://youtube.com/watch?...
Watch and feel the power!!!!!!!!!!!!!!!!!

Any chance of restitution?

We simply don't owe it. It was a fraud.

follow the plan suggested by the guys who made "The Money Masters" and as endorsed by Milton Friedman:

http://www.themoneymaster...

Article 1, Section 8, Clause 17 of the Constitution states that the legislative enactements of the United States are restricted to a 10 mile square. That 10 mile square is the District of Columbia. Thus, the District of Columbia is a Federal "Enclave". The Constitution under Article 1, Section 10 also describes that "No state shall make anything but gold and silver coin a tender in payment of debts."

Being that all legislative enactements are restricted to that 10 mile square (the Federal Enclave), thus the entire Federal Reserve Act of 1913 DOES NOT APPLY OUTSIDE THE DISTRICT OF COLUMBIA. It does NOT apply in the several "States." Especially when you also consider Article 1, Section 10. Believe it or not. What they did, and how they were able to extend the Federal Reserve banking system to extend beyond the District of Columbia was mostly by creating ficticious bills of exchange known as government "Bonds." For example, an automobile company such as Ford could apply for a government Bond, known as an "Industrial bond" and they could put up their "Title" (the Ford "Title" and "Property") as collateral. Then all they had to do was "sign" the bond. The bond would then be placed into the Federal Reserve vaults and registered on their books as an asset - say it was a 100 million dollar bond. They would then print out the number of dollars based upon the amount of the bond. If it were a 100 million dollar bond, then it would be considered a 100 million dollar asset. Thus they would print out 100 million dollars and hand it over to Ford to be paid back with interest. That is why it is such a scam. When Ford pays back the 100 million dollar bond WITH interest, thus they will release the bond back over and hand the bond back over to Ford. You can already see how this was all carved out to be a scam from the beginning. Thus it is the CREDIT of the PEOPLE of the United States whom have financed the entire Federal Reserve all along. When a person goes into a bank (which by the way, is a "Federal Reserve" bank)...ALL banks today are extentions of the Federal Reserve (tis why they issue Federal Reserve Notes). Well, when a person goes into any bank today and applies for a "loan," guess what they do? The person fills out a loan application, that loan application is treated as a "Bond." As a "Bond" it becomes collateral for the loan - such as an "IOU" or "Promise to pay." They then submit it to the Federal Reserve and the Federal Reserve places it in their vaults and then considers it an asset. They then print the money and supply it to the bank. Let's say it's a $25,000.00 automobile loan. After the Fed prints out and supplies the bank with the $25,000.00, the bank then hands the $25,000.00 to the person applying for the loan - or at least to the car dealer - and then the person accepting this loan promises to repay the entire loan WITH interest. Thus it was the person whom FINANCED the loan in the first place. We could pull the string on the Fed OVERNIGHT and it would be a done deal.

Mark of www.ronpaulrevolutionTool...

But I'm thinkin we need to get back our money from a few folks...

A billion here
A billion there

There is no provision for a paper monetary system in any State or Federal Constitution. In 1981 Mexico declared their debts to the IMF and World Bank to be patently unconstitutional and refused to pay them since the "money" or Special Drawing Rights were of no value anyway. However they made a big mistake and didn't replace the fiat money with their constitutionally mandated gold and silver coin.

The international banking cartels retaliated by dumping pesos on the market, causing hyperinflation, and broke Mexico in 30 days. People trying to cross the border into Mexico were warned not to go in there as the crime rate skyrocketed. Cuban mercenaries and UN soldiers were sent in to sieze the collateral on the loan, the natural resources and the land, and routed the Chiapas and Zapista people from southeast Mexico.

By the way, the U.S. taxpayer, as co-signer on the loan, was responsible for putting up the loan in the first place. When Mexico defaulted the Cartel's collected on the loan again from the U.S. taxpayer. And of course the Cartels seized the Mexican resources and land. The fat cats at the World Bank put up nothing but collected three times from the American and Mexican people. They then put their own people into power (remember President Fox?) to continue collecting export revenue from Mexico.

The moral of the story? Do everything in your power to make sure Ron Paul is the next President of the United States of America. He will get us out of the UN and it's treasury department, the World Bank, and require the gold and silver be redistributed back into circulation as required by the Constitution. In the mean time you can use lawful gold and silver United States of America dollars on your own. Contract in them, cash your paycheck for them, save them, spend them, do whatever you want. It's a win-win situation since inflation is impossible with U.S. dollars as opposed to Federal Reserve Notes (FRNs) which the IRS defines as "worthless securities".

As far as wiping out the national debt you have to remember FRNs are borrowed into existence. You cannot pay a debt with a debt. So the so-called national debt was designed to NOT be paid back. The World Bank doesn't want the worthless security FRNs anyway, it wants our natural resources. Remember that 88% of the State of Nevada alone is under BLM/UN control. That's just the tip of the iceberg.

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The debt is money we owe, such as the trillion to Red China and (probably) billions to Japan. They money must be repaid at some point, since the Chinese and the Japanese are going to forgive debts that enormous.

The FED controls the money supply, fixes interest rates and sets monetary policy. If it were to be declared unconstitutional, the debt would still remain.

As the late David Brinkley once observed, long ago, "This country doesn't even have a quarter." He was right.

we should pay them back! This would be debt being repaid! A lot of our financial obligations are to the babyboomers which were the generation that did not hold the people in power accountable and now the ugly beast is coming home to roost !!! We reap what we sow ! ten fold ! It is really to bad the boomers did not hold em to account and now they must pay the piper! hope no one has parents to worry about! no medicaid,no welfare,no
social security contaminated food supplies(monsantos gmi)lack of futures(is a lack of food suppies) Dynocor's chemical cocktails ,so these are just a few of the problems we are aware of there are many many more!
Who is going to pay the real bill(condoning mass genocide all over the world from the American Indians to the people in Iraq,Palestine!I am starting to look at it a new way now,which is let the market correct it self so we can wipe the slate clean and rebuild a new society not built on all lies and deception and muniplulation and willfull ignorance(sheeple)
All I want is all the wrongs to be righted so we can look into the mirror and be proud once again to be an AMERICAN!!!

You would also have to put a competing currency in place and then get us out of all the other countries we were in. You would also have to reduce spending by cutting other agencies. Then you could start actually paying off that debt.

I know a guy that thinks like that.. ;)

Getting rid of the Fed would be no easy task. Stopping the military-industrial complex... same thing. Our economy is practically built around these institutions. Major reform would be required... and of course, that reform is very needed.

Debt is debt, constitutional or not.

defaulting would but it would destroy the economy