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Originally posted by TheImmaculateD1
reply to post by sonnny1
You have brought forth no original post, no nothing! Stop trying!
Ignorance to the past is no excuse for complacency!edit on 20-12-2011 by TheImmaculateD1 because: (no reason given)
Originally posted by TheImmaculateD1
reply to post by xuenchen
By 2013 the US Federal Government retakes control of the central bank.and that is why we refuse to give them anymore leverage on us. After the first string recapture occurs will we be able to see the mess that they've made.
The SCUM's control over global central banks are ending, look at the dissatisfaction with The Eurozone and how little confidence Europe has in it's ability to end the mess there.
It is as simple as that!
Originally posted by TheImmaculateD1
reply to post by sonnny1
Don't dare invoke the great Dr. King as what you stand for is so far removed from what he stood for!
Originally posted by xuenchen
reply to post by TheImmaculateD1
We still need an answer;
Who will pay for the Fed stock? No one. Once nationalization occurs no stock will be offered!
About how much will it cost? Nothing!
Who will loan the money to the "new" U.S. government? The Federal Govt will loan itself any money and be the sole holder of all debts.
How will "old" government bonds be paid? Most will be scrapped as they are tools of the old and dying system.
How many generations of unborn will be indebted? None, all debt currently held by The Fed and The Treasury that was approved by The Congress will be erased. Debts to foreign nations will however remain and require payback as per each loan agreement.
Will all U.S. based corporations and banks go overseas? If they do screw them, this new bank will be glad to finance the ones that stay!
How will this create jobs for Joe and Mary Windowshopper? This will no longer have us answering to foreign elements. No more compromises, no more unrealistic concessions, no more external leveraging.
Originally posted by macman
Do not forget High unemployment, Huge Deficit, Fantastic Presidential Vacations every couple of Months, Huge Poverty levels, More War, TARP, Bailouts, Solendra, Fast and Furious.
Yep, he is doing great.
Originally posted by TheImmaculateD1
reply to post by Algernonsmouse
Passing the blame to the new guy for the calamitous mistakes of the past one. Typical!
Originally posted by TheImmaculateD1
reply to post by xuenchen
This is no longer a theory but is happening as it is here, it is now, it is not going away as the nationalization plan has so much traction and steam behind it as there is not an entity out there that can stop this as The Federal Govt has its orders, The Congress has it's orders, The Federal Reserve has it's orders. No one can stop this.
1. The US Federal Govt will own and control all stock and will not ever offer any for public sale as that would easily allow some private douchewad to buy 2% of stock that would afford them the ability to capture more which is over.
2. The Financial Reform act banned the trading of gold and silver as of July 2011 so that no outside or private entity could manipulate the value and outright bans the private sale of large amounts of gold. You see all of those "Cash for Gold" commercials on tv and in your city? That is the preparation of the return to the gold standard!
3. The old "Federal Reserve Notes" will all be phased out and swopped out with the new United States Dollars hence why the Presidential Dollar series was recently cancelled.
4. The Federal Govt will take over the control over and regulation of interest rates so that they can't be externally manipulated!
5. No new taxes are to be levied!
6. NM Rothschilds & Sons Lt. UK along with the Bank Of England controls now most of the world's central banks.
Originally posted by spinalremain
How could he have done this without a public option? He basically went out to address a problem (if that was his real agenda) and he managed to make it worse! If the fire is burning out of control, how the hell does it help if you throw gas on it so everyone burns, so everyone must burn?
Originally posted by 46ACE
reply to post by TheMindWar
uh "..Harrison J.Bounel" actually...
“Harrison J. Bounel” was actually used with Barack Obama's social security number and his address
of 5046 S. Greenwood Avenue, Chicago, IL 60615.
fellowshipofminds.files.wordpress.com...
edit on 19-12-2011 by 46ACE because: (no reason given)edit on 19-12-2011 by 46ACE because: (no reason given)edit on 19-12-2011 by 46ACE because: (no reason given)
Mar 15, 2011 - Introduced in House. This is the original text of the bill as it was written by its sponsor and submitted to the House for consideration. This is the latest version of the bill currently available on GovTrack.
HR 1094 IH
112th CONGRESS
1st Session
H. R. 1094
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
March 15, 2011
Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services
--------------------------------------------------------------------------------
A BILL
To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Federal Reserve Board Abolition Act’.
SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.
(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.
(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.
(c) Disposition of Affairs-
(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System--
(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks--
(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and
(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and
(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.
(2) LIQUIDATION OF ASSETS-
(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.
(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.
(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.
(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.