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New Discovery! 2023 Hottest in over 120 Million Years 2024 and beyond in prophecy Questions This Speech Just Broke the Internet Status: Not Logged In; Sign In Economy See other Economy Articles Title: A very secret agent Source: A very secret agent URL Source: http://www.atimes.com/atimes/Global_Economy/MG27Dj02.html Published: Jul 27, 2011 Author: Chris Cook Post Date: 2011-07-28 10:16:46 by lucysmom Keywords: Fiat Currency, Fed Created Tax Credit Views: 48219 Comments: 80 There is a charade playing out in Washington at the moment in respect of the completely meaningless "debt ceiling" which the US maintains as a relic from the days of the gold standard. We are told that at the US Treasury's account at the Federal Reserve Bank there will soon be no more taxpayers' dollars, and therefore the Fed will soon be unable to make any more payments or issue any more cheques on behalf of the Treasury. The money has run out. This is nonsense. It is a myth, and moreover it is a myth that Federal Reserve chairman Ben Bernanke exploded in his recent testimony to a US congressional committee. Asia Times">Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 14. #1. To: lucysmom (#0) The federal reserve is unconstitutional. Close it down, put the perps on trial and execute them for fleecing us. I'm saying they should be executed for treason. Dammit where is Andrew Jackson when we need him. A K A Stone  posted on  2011-07-28   10:18:47 ET  Reply   Untrace   Trace   Private Reply   #5. To: A K A Stone (#1) The federal reserve is unconstitutional. Perhaps you are getting the Articles of Confederation confused with the US Constitution? lucysmom  posted on  2011-07-28   10:30:56 ET  Reply   Untrace   Trace   Private Reply   #7. To: lucysmom (#5) The articles of confederation. lol...you are really reaching. Have you ever actually read the constitution. It clearly gives congress the power to coin money. No power over our money to the federal reserve. There have been no constitutional amendments so that power remains. No they are not constitutionally allowed to convert to paper money and hand the task over to a private enterprise. A K A Stone  posted on  2011-07-28   10:35:01 ET  Reply   Untrace   Trace   Private Reply   #8. To: A K A Stone (#7) Have you ever actually read the constitution. Yes. When I was a kid, we not only were required to read the Constitution, we had to pass a test on the Constitution to go on to high school. It clearly gives congress the power to coin money. No power over our money to the federal reserve. And the Federal Reserve is a creation of Congress. lucysmom  posted on  2011-07-28   10:46:15 ET  Reply   Untrace   Trace   Private Reply   #10. To: lucysmom (#8) And the Federal Reserve is a creation of Congress. Congress has a 2 year term. They didn't ammend the constitution. Congress still has the power to coin money and regulate the money thereof. Passing the buck to a private enterprise is not authorized in the constitution. Be honest with yourself and read the words as they are truly written. It is unconstitutional. I'm still waiting on your reply on the other thread about how well you knew the man with the million dollar mortgate. A K A Stone  posted on  2011-07-28   10:49:41 ET  Reply   Untrace   Trace   Private Reply   #14. To: A K A Stone (#10) Be honest with yourself and read the words as they are truly written. It is unconstitutional. Our founding fathers from the South agreed with you, however the bill creating the first Bank of the United States was passed and signed into law by George Washington, himself. lucysmom  posted on  2011-07-28   11:06:19 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 14.         There are no replies to Comment # 14. End Trace Mode for Comment # 14. 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