►Hey! The Gig Is UP! Federal Reserve Act Has a Backout Clause

►Hey! The Gig Is UP! Federal Reserve Act Has a Backout Clause


Submitted by Daddy WarBucks on Thu, 03/11/2010 - 23:25
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WATCH NOW: The GIG is UP:Money, the Federal Reserve and You. by Populist lawyer, Gary Fielder.
http://www.gigisup.net/Default.aspx

The Federal Reserve Bunk

http://dmc.members.sonic.net/sentinel/naij2.html
By Harry V. Martin

Copyright FreeAmerica and Harry V. Martin, 1995

Article I, Section 8, Clause 5, of the United States Constitution provides that Congress shall have the power to coin money and regulate the value thereof and of any foreign coins. But that is not the case. The United States government has no power to issue money, control the flow of money, or to even distribute it - that belongs to a private corporation registered in the State of Delaware - the Federal Reserve Bank.
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.

http://dmc.members.sonic.net/sentinel/naij2.html

Federal Reserve Act
Section 31. Reservation of Right to Amend
1. Reservation of Right to Amend
The right to amend, alter, or repeal this Act is hereby expressly reserved.

http://www.federalreserve.gov/aboutthefed/section31.htm

http://www.dailypaul.com/128682/hey-the-gig-is-up-federal-reserve-act-has-a-backout-clause