Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

US CONGRESS: JUNE 3 2011 -- NEW LAWS AND MODIFICATIONS


Scooter
 Share

Recommended Posts

That's definitely interesting. It would be a MAJOR wow if that goes through.

Some senators or representatives are a bit further along the 'crackpot' spectrum than others so it would be interesting to see who proposed these changes. :blink:

Link to comment
Share on other sites

DIVEMASTER5734,

THANKS FOR THE POST. JUST AN FYI, ALL LINKS ARE PLACED AT THE TOP OF EACH SECTION. IN THE MEANTIME, HERE'S TWO LINKS THAT MIGHT HELP. PLEASE LET ME KNOW WHAT YOU THINK AS I MIGHT BE INTERPRETING THIS INCORRECTLY.

IMF CHANGES AND RECOMENDATIONS

REPEAL FEDERAL RESERVE ACT

AS I SAID, THIS SEEMS DRASTIC SO IF YOU CAN SHED SOME LIGHT, PLEASE DO SO..

HAVE A GREAT DAY AND BEST REGARDS,

SCOOTER

Do you have a link?

To use one short line to dismiss the fed reserve, if it isn't the twilight zone we are in for a wild ride.

  • Upvote 1
  • Downvote 1
Link to comment
Share on other sites

Wow thanks Scooter.

I also took notice to the section under Poverty mentioning "funds to establish child care, global health care..." and the tax deadline being proposed to change from 4/15 to the first Monday in November...

Those looking to repeal the FRA better have increase their security detail 10-fold!

Very interesting...

Link to comment
Share on other sites

That's definitely interesting. It would be a MAJOR wow if that goes through.

Some senators or representatives are a bit further along the 'crackpot' spectrum than others so it would be interesting to see who proposed these changes. :blink:

It looks like HB 755 (Excise tax on currency transactions) is being proposed by Rep Stark, Lee, and Jessie Jackson Jr. All of them are very liberal, and therefore the chance of this legislation getting through the Republican controlled House is about the same as an OKIE rumor getting through DV without being totally bashed.

Nuff said :)

Edited by Austin-Powers-for-PM
Link to comment
Share on other sites

Hey Scooter:

Here's the question. Who is proposing this, and does it have any chance to make it through committee, onto the floor of both chambers, get passed, and signed by the Pres? So much of this proposed legislation dies a silent death in some committee chairs inbox.

Austin

So true. Some of these proposed changes would be excellent but most will never see the light of day. The US will not eliminate the FED because unfortunately printing money is the only way govt knows how to keep the economy afloat. They simply refuse to reduce spending and balance the budget. Boy do I hope the dinar rv's to a buck or more in June. Thx Scooter for posting this.

As much as I like much of what Ron Paul stands for he has some pretty idiotic ideas too. For instance he recently proposed America sell all it's gold holdings to pay down the debt. Just as every other country and Central Bank is buying gold hand over fist. That is the gigantic mistake Gordon Brown in the UK did when gold was only $300. When our dollar collapses and we have no gold what then?

  • Upvote 1
Link to comment
Share on other sites

Scooter -

News seems to be mixed and I agree with these just being proposals, many never to see the light of day again.

I think the abolish the Fed talk in these proposals is smoke & mirrors for constituents back home.

The excise tax on foreign currencies interests me. Up until now I have dismissed chat regarding a "special tax" on Dinar holders. With this proposal seeing the light of day I am happy and sad. Happy that somone might know something they are not telling and sad that they are already trying to get their hands on the money.

I have always been a "pay the tax and move on" kind of guy. Like you I might be re-thinking that strategy.

Thanks as always for the info.

Tevye

  • Upvote 1
Link to comment
Share on other sites

Yes, unfortunately I have a feeling Ron Paul makes many sensible proposals which are just thrown out.

Many thanks, Scooter, for bringing us this and for making it so easy to peruse.

Oh yeah I think non-independent authority of the government making fiscal decisions is a great idea! I mean congress and the government always makes solid decisions

Link to comment
Share on other sites

READ This is why Scooter says they want to do away with the FED...

To: U.S. Congress LINK to Information

This petition calls for the abolishment, by Congress of The Federal Reserve Act of 1913. To return all the rights and profits, from the creation of money to the rightful heirs, the citizens and the U.S. Government. It is outrageous that private banks and the FED can create our money and collect interest on it. If we must pay interest on monies created and loaned, let it be the United States of America that receives it, not some private interest.

We have lost our freedom to the private banks that create money out of thin air and enslave the common man to a life of debt. If we are to be indebted let it be to our country and not the bankers.

"The States should be applied to, to transfer the right of issuing circulating paper to Congress exclusively, in perpetuum." --Thomas Jefferson to John W. Eppes, 1813. ME 13:276

"[The] Bank of the United States... is one of the most deadly hostility existing, against the principles and form of our Constitution... An institution like this, penetrating by its branches every part of the Union, acting by command and in phalanx, may, in a critical moment, upset the government. I deem no government safe which is under the vassalage of any self-constituted authorities, or any other authority than that of the nation, or its regular functionaries. What an obstruction could not this bank of the United States, with all its branch banks, be in time of war! It might dictate to us the peace we should accept, or withdraw its aids. Ought we then to give further growth to an institution so powerful, so hostile?" --Thomas Jefferson to Albert Gallatin, 1803. ME 10:437

Following by Greg Hobbs

What Is The Federal Reserve Bank?

What is the Federal Reserve Bank (FED) and why do we have it?

The FED is a central bank. Central banks are supposed to implement a country's fiscal policies. They monitor commercial banks to ensure that they maintain sufficient assets, like cash, so as to remain solvent and stable. Central banks also do business, such as currency exchanges and gold transactions, with other central banks. In theory, a central bank should be good for a country, and they might be if it wasn't for the fact that they are not owned or controlled by the government of the country they are serving. Private central banks, including our FED, operate not in the interest of the public good but for profit.

There have been three central banks in our nation's history. The first two, while deceptive and fraudulent, pale in comparison to the scope and size of the fraud being perpetrated by our current FED. What they all have in common is an insidious practice known as "fractional banking."

Fractional banking or fractional lending is the ability to create money from nothing, lend it to the government or someone else and charge interest to boot. The practice evolved before banks existed. Goldsmiths rented out space in their vaults to individuals and merchants for storage of their gold or silver. The goldsmiths gave these "depositors" a certificate that showed the amount of gold stored. These certificates were then used to conduct business.

In time the goldsmiths noticed that the gold in their vaults was rarely withdrawn. Small amounts would move in and out but the large majority never moved. Sensing a profit opportunity, the goldsmiths issued double receipts for the gold, in effect creating money (certificates) from nothing and then lending those certificates (creating debt) to depositors and charging them interest as well.

Since the certificates represented more gold than actually existed, the certificates were "fractionally" backed by gold. Eventually some of these vault operations were transformed into banks and the practice of fractional banking continued.

Keep that fractional banking concept in mind as we examine our first central bank, the First Bank of the United States (BUS). It was created, after bitter dissent in the Congress, in 1791 and chartered for 20 years. A scam not unlike the current FED, the BUS used its control of the currency to defraud the public and establish a legal form of usury.

This bank practiced fractional lending at a 10:1 rate, ten dollars of loans for each dollar they had on deposit. This misuse and abuse of their public charter continued for the entire 20 years of their existence. Public outrage over these abuses was such that the charter was not renewed and the bank ceased to exist in 1811.

The war of 1812 left the country in economic chaos, seen by bankers as another opportunity for easy profits. They influenced Congress to charter the second central bank, the Second Bank of the United States (SBUS), in 1816.

The SBUS was more expansive than the BUS. The SBUS sold franchises and literally doubled the number of banks in a short period of time. The country began to boom and move westward, which required money. Using fractional lending at the 10:1 rate, the central bank and their franchisees created the debt/money for the expansion.

Things boomed for a while, then the banks decided to shut off the debt/money, citing the need to control inflation. This action on the part of the SBUS caused bankruptcies and foreclosures. The banks then took control of the assets that were used as security against the loans.

Closely examine how the SBUS engineered this cycle of prosperity and depression. The central bank caused inflation by creating debt/money for loans and credit and making these funds readily available. The economy boomed. Then they used the inflation which they created as an excuse to shut off the loans/credit/money.

The resulting shortage of cash caused the economy to falter or slow dramatically and large numbers of business and personal bankruptcies resulted. The central bank then seized the assets used as security for the loans. The wealth created by the borrowers during the boom was then transferred to the central bank during the bust. And you always wondered how the big guys ended up with all the marbles.

Now, who do you think is responsible for all of the ups and downs in our economy over the last 85 years? Think about the depression of the late '20s and all through the '30s. The FED could have pumped lots of debt/money into the market to stimulate the economy and get the country back on track, but did they? No; in fact, they restricted the money supply quite severely. We all know the results that occurred from that action, don't we?

Why would the FED do this? During that period asset values and stocks were at rock bottom prices. Who do you think was buying everything at 10 cents on the dollar? I believe that it is referred to as consolidating the wealth. How many times have they already done this in the last 85 years?

Do you think they will do it again?

Just as an aside at this point, look at today's economy. Markets are declining. Why? Because the FED has been very liberal with its debt/credit/money. The market was hyper inflated. Who creates inflation? The FED. How does the FED deal with inflation? They restrict the debt/credit/money. What happens when they do that? The market collapses.

Several months back, after certain central banks said they would be selling large quantities of gold, the price of gold fell to a 25-year low of about $260 per ounce. The central banks then bought gold. After buying at the bottom, a group of 15 central banks announced that they would be restricting the amount of gold released into the market for the next five years. The price of gold went up $75.00 per ounce in just a few days. How many hundreds of billions of dollars did the central banks make with those two press releases?

Gold is generally considered to be a hedge against more severe economic conditions. Do you think that the private banking families that own the FED are buying or selling equities at this time? (Remember: buy low, sell high.) How much money do you think these FED owners have made since they restricted the money supply at the top of this last current cycle?

Alan Greenspan has said publicly on several occasions that he thinks the market is overvalued, or words to that effect. Just a hint that he will raise interest rates (restrict the money supply), and equity markets have a negative reaction. Governments and politicians do not rule central banks, central banks rule governments and politicians. President Andrew Jackson won the presidency in 1828 with the promise to end the national debt and eliminate the SBUS. During his second term President Jackson withdrew all government funds from the bank and on January 8, 1835, paid off the national debt. He is the only president in history to have this distinction. The charter of the SBUS expired in 1836.

Without a central bank to manipulate the supply of money, the United States experienced unprecedented growth for 60 or 70 years, and the resulting wealth was too much for bankers to endure. They had to get back into the game. So, in 1910 Senator Nelson Aldrich, then Chairman of the National Monetary Commission, in collusion with representatives of the European central banks, devised a plan to pressure and deceive Congress into enacting legislation that would covertly establish a private central bank.

This bank would assume control over the American economy by controlling the issuance of its money. After a huge public relations campaign, engineered by the foreign central banks, the Federal Reserve Act of 1913 was slipped through Congress during the Christmas recess, with many members of the Congress absent. President Woodrow Wilson, pressured by his political and financial backers, signed it on December 23, 1913.

Recommend you all read “The Creature from Jekyll Island” by Edward Griffin, so you understand the FED and how it was created and by whom.

The act created the Federal Reserve System, a name carefully selected and designed to deceive. "Federal" would lead one to believe that this is a government organization. "Reserve" would lead one to believe that the currency is being backed by gold and silver. "System" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created.

In reality, the act created a private, for profit, central Banking Corporation owned by a cartel of private banks. Who owns the FED? The Rothschilds of London and Berlin; Lazard Brothers of Paris; Israel Moses Seif of Italy; Kuhn, Loeb and Warburg of Germany; and the Lehman Brothers, Goldman, Sachs and the Rockefeller families of New York.

Did you know that the FED is the only for-profit corporation in America that is exempt from both federal and state taxes? The FED takes in about one trillion dollars per year tax free! The banking families listed above get all that money.

Almost everyone thinks that the money they pay in taxes goes to the US Treasury to pay for the expenses of the government. Do you want to know where your tax dollars really go? If you look at the back of any check made payable to the IRS you will see that it has been endorsed as "Pay Any F.R.B. Branch or Gen. Depository for Credit U.S. Treas. This is in Payment of U.S. Oblig." Yes, that's right, every dime you pay in income taxes is given to those private banking families, commonly known as the FED, tax free.

Like many of you, I had some difficulty with the concept of creating money from nothing. You may have heard the term "monetizing the debt," which is kind of the same thing. As an example, if the US Government wants to borrow $1 million ó the government does borrow every dollar it spends ó they go to the FED to borrow the money. The FED calls the Treasury and says print 10,000 Federal Reserve Notes (FRN) in units of one hundred dollars.

The Treasury charges the FED 2.3 cents for each note, for a total of $230 for the 10,000 FRNs. The FED then lends the $1 million to the government at face value plus interest. To add insult to injury, the government has to create a bond for $1 million as security for the loan. And the rich get richer. The above was just an example, because in reality the FED does not even print the money; it's just a computer entry in their accounting system. To put this on a more personal level, let's use another example.

Today's banks are members of the Federal Reserve Banking System. This membership makes it legal for them to create money from nothing and lend it to you. Today's banks, like the goldsmiths of old, realize that only a small fraction of the money deposited in their banks is ever actually withdrawn in the form of cash. Only about 3 or 4 percent of all the money that exists is in the form of currency. The rest of it is simply a computer entry.

Let's say you're approved to borrow $10,000 to do some home improvements. You know that the bank didn't actually take $10,000 from its pile of cash and put it into your pile? They simply went to their computer and input an entry of $10,000 into your account. They created, from thin air, a debt, which you have to secure with an asset and repay with interest. The bank is allowed to create and lend as much debt as they want as long as they do not exceed the 10:1 ratio imposed by the FED.

It sort of puts a new slant on how you view your friendly bank, doesn't it? How about those loan committees that scrutinize you with a microscope before approving the loan they created from thin air. What a hoot! They make it complex for a reason. They don't want you to understand what they are doing. People fear what they do not understand. You are easier to delude and control when you are ignorant and afraid.

Now to put the frosting on this cake. When was the income tax created? If you guessed 1913, the same year that the FED was created, you get a gold star. Coincidence? What are the odds? If you are going to use the FED to create debt, who is going to repay that debt? The income tax was created to complete the illusion that real money had been lent and therefore real money had to be repaid. And you thought Houdini was good.

So, what can be done? My father taught me that you should always stand up for what is right, even if you have to stand up alone.

If "We the People" don't take some action now, there may come a time when "We the People" are no more. You should write a letter or send an email to each of your elected representatives. Many of our elected representatives do not understand the FED. Once informed they will not be able to plead ignorance and remain silent. This petition will be sent to all members of Congress, do your part and sign this petition.

Article 1, Section 8 of the US Constitution specifically says that Congress is the only body that can "coin money and regulate the value thereof." The US Constitution has never been amended to allow anyone other than Congress to coin and regulate currency.

Ask your representative, in light of that information, how it is possible for the Federal Reserve Act of 1913, and the Federal Reserve Bank that it created, to be constitutional. Ask them why this private banking cartel is allowed to reap trillions of dollars in profits without paying taxes. Insist on an answer.

Thomas Jefferson said, "If the America people ever allow private banks to control the issuance of their currencies, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their prosperity until their children will wake up homeless on the continent their fathers conquered."

Jefferson saw it coming 150 years ago. The question is, "Can you now see what is in store for us if we allow the FED to continue controlling our country?"

"The condition upon which God hath given liberty to man is eternal vigilance; which condition if he breaks, servitude is at once the consequence of his crime, and the punishment of his guilt."

John P. Curran

Reference:

1st PROOF Link

2nd Substantiating Link

Sincerely,

:D :D :D

  • Upvote 8
Link to comment
Share on other sites

Sounds like they might be getting ready for an RV with no lop! Why else would they have this legislation?

Don't like this part.

Taxation: impose an excise tax on currency transactions and use funds to establish child care, global health care, and climate change adaptation and mitigation trust funds (H.R. 755), E262 [18FE]

To my relief their is a clause rejecting a global tax and legislation on climate that will negatively effect the US and it's sovereignty.

It's a good find. I hope this isn't yet another tax on top of what will already be paid.

  • Upvote 2
Link to comment
Share on other sites

DIVEMASTER5734,

THANKS FOR THE POST. JUST AN FYI, ALL LINKS ARE PLACED AT THE TOP OF EACH SECTION. IN THE MEANTIME, HERE'S TWO LINKS THAT MIGHT HELP. PLEASE LET ME KNOW WHAT YOU THINK AS I MIGHT BE INTERPRETING THIS INCORRECTLY.

IMF CHANGES AND RECOMENDATIONS

REPEAL FEDERAL RESERVE ACT

AS I SAID, THIS SEEMS DRASTIC SO IF YOU CAN SHED SOME LIGHT, PLEASE DO SO..

HAVE A GREAT DAY AND BEST REGARDS,

SCOOTER

If there is to be a global reboot of world economies, based on tangible assets, such as resources, the Federal Reserve and IRS would have to go away.

I haven't had the chance to read the info yet, but I'll guess the US will be given the option to recapitalize based on the liquid assets of the Baaken, at the cost of Fiat Currency and the resulting Usury.

Anything short of a Bretton Woods based return to currency that's at lease partially backed by tangible assets will merely delay the showdown to our children and grandchildren ( if a bandaid today will carry us that far down the road).

Glad to see this come around again.

I applauded it when I first read it years ago, and will give it the standing ovation it still deserves today

Please disregard. Apparently double posted from a previous reply to another post.

IPad cache problem with Safari for a browser....

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.