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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: 51432
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!
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#1. To: lucysmom (#0)
Dammit where is Andrew Jackson when we need him.
#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?
#6. To: lucysmom (#5)
As is the 16th Amendment authorizing Income Tax. W/o which the FedRes is toothless.
#9. To: mcgowanjm (#6)
The Federal Reserve is Unconstitutional. As is the 16th Amendment authorizing Income Tax. An amendment can't be unconstitutional, because it's an amendment to the constitution. Agreed, it's a bad amendment but it's not unconstitutional.
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