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To: tired1

It could perhaps survive as a corporation. But the Fed wouldn’t last a day as a bank, let alone a central bank, without the governments legal tender laws.


6 posted on 10/03/2010 8:25:09 PM PDT by SeeSharp
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To: SeeSharp; wendy1946
It could perhaps survive as a corporation.

It already is a private corporation and always has been since its founding.

Here's an idea: have Congress de-authorize the Fed, and pull its corporate charter, so that the shell entity, asset-less Fed whose US debt was all denominated in Federal Reserve Notes is stuck with the obligation to pay all the debt it then holds.

The US re-asserts its abrogated Constitutional power to coin money (silver) and regulate the value thereof backed by a basket of assets to include national (now also completely de-regulated in this scenario) oil wealth, et. al.

World bankers are on the hook for the phony value of all the phony fiat paper the Fed ever issued. Those assholes could charge themselves paper asset interests til the cows come home, or more likely the Fed just declares insolvency and folds.

America's backed dollar becomes the bed rock world reserve currency as fiat money around the globe collapses.

Sound like a plan?

Imagine the look on Soros and all the Rothschild remnant family bankers faces.

Andrew Jackson de-chartered the euro-controlled Bank of the United States in 1832. A recession happened in 1837, but we made it through that and dealt with Barbary pirates at the same time and the Mexicans shortly thereafter.

The euro bank houses tried to get their money back by financing the trade to support the South in the Civil War, split the Union and re-claim all then assets -- a divide and conquer strategy -- and they failed because Lincoln financed his end of the war with United States Notes, better known as "Lincoln Greenbacks."

History can repeat, and indebtedness to this current cabal who trade on margins and practice theivery-through-currency-debasement. Perpetual indebtedness need not be our gandchildrens' fate.

And the President brave enough to stand up to them, like Lincoln (or even Kennedy who wanted to declaw the Fed -- and I am no Kennedy fan either), may take a bullet for it too.

FReegards!


12 posted on 10/03/2010 9:37:23 PM PDT by Agamemnon (Intelligent Design is to evolution what the Swift Boat Vets were to the Kerry campaign)
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