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Originally posted by He11o
First impression on first read of HR 6550 in easy speak. Question's I would ask Toffler.
FED assets would become US GOV assets; so what happens to all the foreclosures?
Does this mean the GOV will take title/deed to the land/property in question? Would this
further a Police State? Near the very end it suggests all State agencies would get USM
interest free. This did not strike me as Constitutional or right. I'll elaborate...
Originally posted by Whereweheaded
So, with this legislation, and Ron Paul backing this, maybe we will see " change we can believe in ". This mantra, pushed back into the faces of the current administration would be icing on the cake!
Originally posted by Bearack
Aren't those already held by the federal gobernment in Fanny and Freddie?
Originally posted by ofhumandescent
On June 4, 1963, a virtually unknown Presidential decree, Executive Order 11110, was signed with the authority to basically strip the Federal Reserve Bank of its power to loan money to the United States Federal Government at interest. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business. The Christian Law Fellowship has exhaustively researched this matter through the Federal Register and Library of Congress. We can now safely conclude that this Executive Order has never been repealed, amended, or superceded by any subsequent Executive Order. In simple terms, it is still valid.
(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption and -- Byrevoking subparagraphs (b) and (c) of paragraph 2 thereof.
Sec. 4. Executive Order No. 10289, as amended, is further amended as follows: (a) In Section 1(c), by deleting the words ``section 2 of the Act of August 18, 1914, c. 256, 38 Stat. 699 (46 U.S.C. 82),'' and inserting in lieu thereof ``section 1 of the Act of August 26, 1985, Public Law 98 - 89, 97 Stat. 510 (46 U.S.C. 3101);'' and by deleting the words ``survey, inspection, and measurement of'' and inserting in lieu thereof ``the inspection of.'' (b) In Section 1(d), by deleting the words ``(46 U.S.C. 104),'' and inserting in lieu thereof ``(46 U.S.C. Appendix 104),''; (c) In Section 1(e), by deleting the words ``(46 U.S.C. 134),'' and inserting in lieu thereof ``(46 U.S.C. Appendix 134),''; (d) In Section 1(f), by deleting the words ``(46 U.S.C. 141),'', ``(46 U.S.C. 121),'' and ``(46 U.S.C. 146),'' and inserting in lieu thereof ``(46 U.S.C. Appendix 141),'' ``(46 U.S.C. Appendix 121),'' and ``(46 U.S.C. Appendix 146),''; (e) By revoking Sections 1(g) and 1(j), and renumbering Sections 1(h) and 1(i) as Sections 1(g) and 1(h), respectively; (f) Adding a new subsection (i) to Section 1: