Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Posted on 01/21/2011 11:52:00 AM PST by FromLori
Many people do not know that the Federal Reserve is a private company and not a government agency.
In fact, the Fed is not part of the government in any way.
We believe that abolishing the Fed needs to be our number 1 national priority.
We intend to beat the Fed in court similar to the way the Big Tobacco companies were defeated.
Nearly all of the country’s economic problems will be solved when the Fed is abolished.
Our Mission Statement Our Mission is to lead, organize, fund and manage an ongoing series of class action lawsuits directed against the Federal Reserve System (“FRS”), a PRIVATELY OWNED, FOR-PROFIT central bank, and its Officers, Directors, Owners, Agents, and Primary Member Banks and all Controlling Persons in those organizations who have damaged America's economy and its citizens through the perpetration and promotion of the fatally flawed banking and monetary system in the United States.
Our Objectives To: a) obtain revocation of the Federal Reserve’s charter; b) recover all paid in interest and other monies due for all living US Persons, companies and governmental bodies which were inappropriately obtained by the FRS; c) eliminate all Federal, State and Municipal Debts to the FRS, and d) obtain punitive damages for the payment of: 1) court costs and attorneys fees; 2) contingency fees for network litigators, and 3) pro rata distributions of the proceeds to the American Citizenry based on their loan history for the total years as are allowed by statute.
(Excerpt) Read more at suethefed.com ...
bflr
R Rated Funny Video of the Fed. Melody will stick in your head.
http://www.youtube.com/watch?v=DiTikduJ15Y
The FED is the main pillar of the Progressive Movement. Think about it - if there is no FED, there are no manipulated interest rates, no printing of money to finance excessive Gov’t spending. No FED means that Gov’ts would be immediately subject to market rates, and ridiculous deficits as we see now simply would not be possible. No FED means no dilution of a person’s labor and savings through inflation. No FED means less control for the Government over the individual.
It is no coincidence that the FED was established the same time as the income tax. Once we have bound the people, we need to be able to siphon money from them.
This is utter nonsense.
Here’s some more good reasons
Why Sue the Federal Reserve?
http://www.suethefed.com/why-sue-the-federal-reserve
Yea whatever you better quick ping todd and danny lol
The normal people know that only nuts "know" this. Hey Lori!
The current system allows banks the ability to loan money they do not have, created in transactions where they put nothing at risk thus assigning all of the risks in the loan to be borne by the borrower.
I guess that's why all those banks are failing? Because they made loans where they put nothing at risk. LOL!
This stuff is nutty, even for you.
Numerous experts have shown that any monetary policy which calls for the payment of interest to a private bank based upon the government’s debt (defined as “Usury”)
My dictionary has a different definition for usury.
(defined as “Usury”) creates an economy that is mathematically unsustainable
Especially if you failed math class.
Because the Fed makes enormous profits by putting the government (i.e., every one of us) into a state of perpetual re-borrowing and interminable debt,
Hey, Lori, what does the Fed do with those "enormous profits"? And if you think that the Fed is responsible for the huge deficits run up by Congress, I'm going to have to point and laugh.
Thanks for the link, it was funny.
Always remember that the Fed doesn't print money. That is the job of the Treasury Department and you can see this by taking any bill out of your wallet and looking for the Treasury information. The FRS has nothing to do with printing money.
The FRS works to clear checks from one bank to another, known as clearings, set some interest rates, though not all, and attempt to stimulate the economy through open market efforts.
The FRS does a service to the nation by clearing checks.
It sets the Fed Funds Rate, currently at .25%, which the Prime rate usually follows, currently at 3.25%. Very few rates normally follow this rate. Check your credit card rate.
This rate is set high to attempt to defeat inflation, low to attempt to stimulate the economy. At .25% this is an obvious stimulus attempt.
The second thing that the FRS does is know as open market activities which is the purchase of Treasury securities from banks in the hope that the banks will use the additional cash on hand to make loans and therefore stimulate the economy.
Unfortunately, with the current Government we have both of these are not working because business owners are looking at Washington and wondering what the hell is coming next. Expanding on these conditions could spell a death penalty.
So, it is the fear of the National Government's actions that are keeping business people from acting on their own plans. (We won't know what is in it until we pass it!)
We have a Government out of control, spinning wildly in an apparent attempt to destroy the country. Luckily, the November 2010 elections should put a damper on that.
The FRS is doing all it can, but given the circumstances, it is nearly impotent.
Suing the Fed is just a joke.
As was said in the movie “the Matrix”, “Ignorance is bliss”.
Lots of happy people involved in that website.
Apparently I did not need to as you are already known to the gentleman. Todd and I have our differences, but your insanity is altogether of a different order. And no I am not exactly a fan of the federal reserve and its policies. But no sane person and no one in Washington DC (those are spearate categories) is under any illusion that the Federal Reserve is anything but a part of the US government. The memberso of the Federal Reserve Board are presidentially appointed senate confirmed receiving Federal salaries, which for folks at that level are pretty miserly, actually. The Secretary of the Treasury and the Comptroller of the Currency are members of the Federal Reserve Board. Their website is even frs.gov.
Go ahead and try to sue them. You will find that they will be defended by the Department of Justice, who represent all government agencies, who will simply file a motion to dismiss for failure to state a claim, which will be successful because the Federal Judge will agree that the Federal Reserve is a branch of the government as constituted under the laws of the United States enacted by the US Congress, your insanity aside.
In fact, your problem will be the laughability of your pro se suit (because any competent attorney will know what you dont, and any incompetent attorney knows to stay below the radar screen of DOJ and file their frivolous suits in district or municipal courts where the judges are as incompetent as they are, being hacks who could not make it as opposed to hacks who could).
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