Post by TomLine on May 5, 2015 6:29:52 GMT -5
FEDERAL RESERVE INSURANCE POLICY
by Tom Lineaweaver
by Tom Lineaweaver
For all the people saying, "End the Fed," of which I count myself as one. But, a word of caution, if we do that it will be a rough ride.
The currency has "Federal Reserve Note" written on it for a reason. Our Government has and continues to borrow from the Federal Reserve. So, everything paid for by these notes become assets of the Government which owes all that money to the Federal Reserve. What would happen if we ended the Fed cold turkey? The Federal Reserve will call in their notes, and we can't pay them. The Fed will then go after the assets, our homes, cars, and anything else paid for by those Federal Reserve Notes.
Also, the Federal Reserve has been propping up the Stock Market. If we end the Fed, they would go after those assets as well. So, you see, the Federal Reserve owns us lock, stock and barrel. Oh yes, we will see a huge Stock Market crash.
But, there is a way of ending the Fed without any harm done anywhere. First, I need to be elected President. Then Congress has to send me a bill that declares the Federal Reserve Act of 1913 with any an all amendments to be unconstitutional and is thus repealed. And to make it sure, the bill should also contain language that makes all that the Federal Reserve has done since December 23, 1913 is null and void. And that would cancel out our debt to them. And they could not legally go after anything.
At the same time, we need to establish Constitutional currency, which is Gold and Silver Coins. Article I, Section 10, Paragraph 1. But, I realize the American people would probably think that all those coins would be inconvenient. So, as soon as possible, the Congress must propose to the States a Paper Currency Amendment. Allowing for Gold and Silver backed paper currency.
Of course, when this is done the Federal Reserve Notes will no longer be legal tender, which would mean anything that was paid with Federal Reserve Notes will now be unpaid. Therefore, Congress should provide in this bill a Good Faith provision, providing that all bills, loans and debts paid by the American people with Federal Reserve Notes in Good Faith will still be considered paid. So, that means Federal Reserve Notes will be back by the Good Faith of the American people.
We can't just end the Fed and not deal with the consequences of that action. Otherwise, we will be in one big mess. The Fed will simply cash in their insurance policy.
I am working on another plan of dealing with the Federal Reserve. When the plan is ready, I will tell you.
Amended (6-16-16) Since this article was written I have come up with a plan to deal with the Federal Reserve and the IRS. See it here: line2016.freeforums.net/thread/405/reserve-revenue-act-2017
I believe it would be very difficult to just end the Fed cold turkey as stated above.
LET US RESCUE AMERICA TOGETHER