Another FED thread

[kmcarr]

The surfin I was doin for the Federal Reserve SECRETS thread turned up some other interesting Myths and mis-facts, I think.

Heres the first one that comes to mind

Sec. 341 Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law. The Federal Reserve was only given a corporate life of 20 years! Their time was up in 1933 Who was President at that time? Franklin. D. Roosevelt, of course. Somehow, the Federal Reserve's termination did not occur. Reader, do I have your attention yet? My research failed to find any reauthorization of the Federal Reserve Act of 1913, other than the tacit approval given by the Sarbanes-Oxley Act of 2002.

Comes from this website
http://news.goldseek.com/GoldSeek/1095269452.php

Now I checked Title 12 Chapter 3 Section 341 at this site
http://www.law.cornell.edu/uscode/ht...1----000-.html
and it says

§ 341. General enumeration of powers
Release date: 2005-07-21

Upon the filing of the organization certificate with the Comptroller of the Currency a Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power—
First. To adopt and use a corporate seal.
Second. To have succession after February 25, 1927, until dissolved by Act of Congress or until forfeiture of franchise for violation of law.
Third. To make contracts.
Fourth. To sue and be sued, complain and defend, in any court of law or equity.

So did the facts not fit the other webpages theory and they were just disregarded and/or made up, or does the cornell law website have an inaccurate version of the USC?

The author of the webpage goes on to state that Alan Greenspan was knighted by the queen on Sept 26, 2002. Now thats an interesting fact.

[mrg]

Originally Posted by kmcarr

The surfin I was doin for the Federal Reserve SECRETS thread turned up some other interesting Myths and mis-facts, I think.

Heres the first one that comes to mind



Comes from this website
http://news.goldseek.com/GoldSeek/1095269452.php

Now I checked Title 12 Chapter 3 Section 341 at this site
http://www.law.cornell.edu/uscode/ht...1----000-.html
and it says


So did the facts not fit the other webpages theory and they were just disregarded and/or made up, or does the cornell law website have an inaccurate version of the USC?

The author of the webpage goes on to state that Alan Greenspan was knighted by the queen on Sept 26, 2002. Now thats an interesting fact.

I am just curious:

When was Title 12 Chapter 3 Section 341 originally codified?

I noticed the Cornell posting referenced a "Release Date" of 2005.

What does that mean?

Where in the Statutes at Large is the codification derived from?

Has there been any updating or re-wording with the passage of time, in either the Statutes at large, and/or the Code?

Is the Code in agreement with the Statute (other than the fact that the Code has redacted the empowering clause)?

If changes in wording have been made, or amendments, revisions, can the history of these be traced in the Stautes at Large and the codification?

The way you have laid it out indicates, according to Cornell, that the first rendition was a total fabrication.

Again, I am just curious.

[kmcarr]

http://landru.i-link-2.net/monques/FR1.html

Originally Posted by website

Second. To have succession for a period of twenty years [/color]from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law.

This site appears to be very informing. The Federal Reserve act was codified into the USC from the statutes at large.

For an Example or explanation of the Statutes at Large see here
http://www.originalintent.org/edu/uscode.php
Halfway down the page it explains the SaL(Statutes at Large) as the acts of Congress not yet or entirely Codified into the USC.

Originally Posted by website

t should be noted that not all federal statutes appear in the USC; some statues-at-large remain uncodified. One current example is the IRS Reform and Restructuring Act of 1998. This legislation has not been codified. One cannot find its provisions by reading the USC. One must pull the actual statute-at-large (usually from a law library) in order to know what Congress has commanded within that act.

This is from the Federal Reserve. gov website

http://www.federalreserve.gov/Genera...act/sect04.htm
Check it out the section in question has been ammended many times.

Originally Posted by website

4. General Corporate Powers

Upon the filing of such certificate with the Comptroller of the Currency as aforesaid, the said Federal reserve bank shall become a body corporate and as such, and in the name designated in such organization certificate, shall have power—

First. To adopt and use a corporate seal.

Second. To have succession after the approval of this Act until dissolved by Act of Congress or until forfeiture of franchise for violation of law.

Third. To make contracts.

Fourth. To sue and be sued, complain and defend, in any court of law or equity.

Fifth. To appoint by its board of directors a president, vice presidents, and such officers and employees as are not otherwise provided for in this Act, to define their duties, require bonds for them and fix the penalty thereof, and to dismiss at pleasure such officers or employees. The president shall be the chief executive officer of the bank and shall be appointed by the board of directors, with the approval of the Board of Governors of the Federal Reserve System, for a term of five years; and all other executive officers and all employees of the bank shall be directly responsible to him. The first vice president of the bank shall be appointed in the same manner and for the same term as the president, and shall, in the absence or disability of the president or during a vacancy in the office of the president, serve as chief executive officer of the bank. Whenever a vacancy shall occur in the office of the president or the first vice president, it shall be filled in the manner provided for original appointments; and the person so appointed shall hold office until the expiration of the term of his predecessor.

Sixth. To prescribe by its board of directors, by-laws not inconsistent with law, regulating the manner in which its general business may be conducted, and the privileges granted to it by law may be exercised and enjoyed.

Seventh. To exercise by its board of directors, or duly authorized officers or agents, all powers specifically granted by the provisions of this Act and such incidental powers as shall be necessary to carry on the business of banking within the limitations prescribed by this Act.

Eighth. Upon deposit with the Treasurer of the United States of any bonds of the United States in the manner provided by existing law relating to national banks, to receive from the Secretary of the Treasury circulating notes in blank, registered and countersigned as provided by law, equal in amount to the par value of the bonds so deposited, such notes to be issued under the same conditions and provisions of law as relate to the issue of circulating notes of national banks secured by bonds of the United States bearing the circulating privilege, except that the issue of such notes shall not be limited to the capital stock of such Federal reserve bank.

[12 USC 341. As amended by act of Feb. 25, 1927 (44 Stat. 1234), which amended subparagraph “Second;” by act of Aug. 23, 1935 (49 Stat. 703), which amended subparagraph “Fifth” effective March 1, 1936; and by act of Sept. 23, 1994 (108 Stat. 2293), which amended subparagraph “Eighth.” As to issuance of Federal Reserve bank notes and redemption of bonds securing such notes, see section 18, and note to the first paragraph of that section.]

The Entire Federal Act is on their website FederalReserve.gov

It's All there Dude, and they let you know when they made any changes...to their benifit.

There is no Conspiracy

It would appear that a mans information would only be as good as the printing date of his SaL Volume of reference. Try to find one printed before 1927

Hope this clarifies things mrg

[kmcarr]

It would appear that the author of this site
http://news.goldseek.com/GoldSeek/1095269452.php
either didnt have a current copy of the SaL or just didnt research enough to find out that his twenty years verbiage had indeed been changed in 1927.

Sec. 341 Second. To have succession for a period of twenty years from its organization unless it is sooner dissolved by an Act of Congress, or unless its franchise becomes forfeited by some violation of law. The Federal Reserve was only given a corporate life of 20 years! Their time was up in 1933 Who was President at that time? Franklin. D. Roosevelt, of course. Somehow, the Federal Reserve's termination did not occur. Reader, do I have your attention yet? My research failed to find any reauthorization of the Federal Reserve Act of 1913, other than the tacit approval given by the Sarbanes-Oxley Act of 2002.

Hmmmm

[David Merrill]

http://www.givemeliberty.org/RTPLaws...r-03-27-06.htm

[kmcarr]

Originally Posted by David Merrill

http://www.givemeliberty.org/RTPLaws...r-03-27-06.htm

So the 50,000 FRN question is are you a United States Citizen? If you are, then quit complaining an pay. I'm Gonna try to contact the film Director and collect. After I take them to court to get the FRN, Does anyone here want them? I dont want to have to pay the FRN tax, so I better get rid of that obligation.