Where does Chapter 3 states that federal Reserve chapter was extended to exist in perpetuity, forever? I do not see it
Posted on | September 1, 2013 | 2 Comments
12 USC Chapter 3, Subchapter XII – FEDERAL RESERVE NOTES
- § 411 . Issuance to reserve banks; nature of obligation; redemption
- § 412 . Application for notes; collateral required
- § 413 . Distinctive letter and serial number of notes; cancellation of notes unfit for circulation; accounting; apportionment of credit among Federal Reserve banks
- § 414 . Authority of Board of Governors respecting issuance of notes; interest; lien
- § 415 . Reduction of liability for outstanding notes by depositing notes and collateral and payment of notes of series prior to 1928; reissue of deposited notes
- § 416 . Withdrawal of collateral deposited to protect notes and substitution of other collateral; retirement of notes; payment of notes of series prior to 1928; recovery of collateral; reissue of deposited notes
- § 417 . Custody and safe-keeping of notes issued to and collateral deposited with Reserve agent
- § 418 . Printing of notes; denomination and form
- § 419 . Delivery of notes prior to delivery to banks
- § 420 . Control and direction of plates and dies; expense of issue and retirement of notes paid by banks
- § 421 . Examination of plates and dies
- § 422 . Omitted
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September 1st, 2013 @ 4:22 pm
That is something I’ve never been aware of (extending the Fed)…so that sounds like a bunch of nwo B.S., to me!
I wouldn’t put this past them, though, to try something underhanded this way, since they didn’t succeed in bankrupting us, officially!
And maybe that’s why Obama has to try to get Congress to okay the military action in Syria? Congress needs to STOP THIS EXTENSION THOUGHT, ASAP!!!
September 1st, 2013 @ 8:51 pm
Dr. Taitz,
Can you explain the rule against perpetuities and whether it applies to the Federal Reserve?