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The Federal Reserve & Congress May be Preparing a NEW Bailout

May 14th, 2012
by Admin.
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Section 13-3 of the Federal Reserve Act delivers the Authority to the Federal Reserve to use taxpayer’s salaries to bailout private companies and governmental organizations who the Independent-From-Government Federal Reserve deems necessary and “too big to fail”, but it must have 5 of its board of governors approve any action of this caliber.  The language within the Federal Reserve Act is much more eloquent and deceiving, but that is not the point here. The point is that recently released information is hinting that a new bailout may be in the works, although the 5 members requirement for a bailout may face some trouble, along with some problems in the Senate. “In March, the Senate Banking Committee voted out President Obama’s latest nominations to the Board of Governors of the Federal Reserve System, Jeremy Stein and Jerome Powell” [Source] Currently, this leaves 2 of the  positions on the Board of Governors of the Federal Reserve  awaiting affirmed nominees, while another position, held by Elizabeth A. Duke, has already expired on January 31st, although she still holds the position. Why she is still illegally holding the position is beyond me, possible awaiting the 2 vacant positions to get  filled so that they may pass a bailout without [...]

The No Texting While Walking Law is a Threat to the Law

May 14th, 2012
by Admin.
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Fort Lee, New Jersey, recently expanded the Nanny State by passing a “No Texting While Walking” Law and sending police after citizens to fine them $85 per “offense” (truly there is no offense besides the use of force against peaceful citizens). “It’s a big distraction. Pedestrians aren’t watching where they’re going. They’re not aware,” Fort Lee Police Department (FLPD) Chief Thomas Ripoli said at a news conference [Source] From the various articles and websites this story has spread to, we can extrapolate that the police are actually taking this “law” seriously, already handing out over a 100 tickets to these citizens and showing no signs of stopping. With Fort Lee’s 16 robberies, 18 assaults, 42 burglaries, 262 thefts, 16 auto-thefts, and 1 arson in 2010 [Source], it’s obvious that the best use of Police Force is to harass citizens who are walking on streets they paid for while using phones they purchased from private companies (sarcasm). By now, you can probably tell I do not just see this as just another law. It’s a complete violation of the law by every sense of the word. For the law to operate correctly, in a civilized society, the citizens would offer their respect for [...]

Anti NDAA Nation Zooms in on Arizona

May 10th, 2012
by Admin.
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As calls for Liberty spread and strengthen across the Nation, many States are taking aim at the National Defense Authorization Act provisions which seek to lay waste to the Constitution. Arizona, which has successfully passed the NDAA Nullification Bill in the house and senate, now waits to see if Governor Brewer will sign or veto the bill. Here are just some of the violations of the NDAA in regards to the Constitution-the SUPREME law of the land: Violates United States Constitution Article 1 Section 9 Clause 2: NDAA denies right to Habeas Corpus, a writ by which an individual can be released from unlawful detention Violates United States Constitution Article 3 Section 3:  NDAA authorizes indefinite detention against Article 3 Section 3 which provides those charged with treason heightened due process protections Violates United States Constitution Amendment 4: NDAA Authorizes indefinite detention and before amended, authorized the detainment of citizens even after an Innocent verdict from a Jury, against the Fourth Amendment right to be free from unreasonable seuizeure Violates United States Constitution Amendment 5: NDAA Detainment provisions violate Amendment 5 right of prohibition of deprivations of liberty without due process Violates United States Constitution Amendment 6:  NDAA Detainment Provisions violate Amendment [...]

Review of the Abolish or Reform the Federal Reserve Hearing

May 8th, 2012
by Admin.
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On Tuesday, May 8th, 2012, Presidential Candidate and Congressman Ron Paul, Chairman of the Financial Services Committee on Domestic Monetary Policy and Technology, along with 11 other members of the committee, discussed legislation dealing with the Unconstitutional Federal Reserve System.   I covered the hearing as best as I could, it was moving rather quickly, and many voices were speaking once after another while also being long (my list of excuses), that said, I think I did cover the general experience and discussion within the hearing well. First is opening statements, followed by discussion on legislation, followed by discussion by ranking economists. Full Video of May 8th Hearing on the Federal Reserve (C-SPAN) Opening Statements Of Interest: Fed has been around for 100 years, has generally gone under the radar. We need to remember what Constitutional money is and decide how we deal with that the related facts. Supply and demand is only half of all transactions, the other half is the monetary issue. We need to be able to define the dollar, there is no legal definition of the Federal Reserve note, even though it is a pledge to pay something. The general attitude is that if something doesn’t work out with the Federal [...]

Abolish or Reform the Federal Reserve Hearing Set for Tuesday, May 8th, 2012

May 4th, 2012
by Admin.
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“More and more people are beginning to understand just how destructive the Federal Reserve’s monetary policy has been. I hope that this hearing will kick start a serious discussion on the need to rein in the Fed,” said Chairman Paul. “100 years is far too long for Congress to have taken a hands-off approach. The Fed continues to reward Wall Street banks while destroying the dollar’s purchasing power and driving up the cost of living for average Americans. This reckless behavior must come to an end.” -Congressman Ron Paul on the upcoming Tuesday hearing titled “Abolish or Reform the Federal Reserve” [Source & Press Release] The Financial Services Sub Committee on Domestic Monetary Policy and Technology will discuss Six pieces of legislation dealing with Ending or Reforming the Unconstitutional Federal Reserve Central Bank on Tuesday, May 8th, 2012 at 10 AM in Room 2128 in the Rayburn House Office Building [Source]. Pieces of legislation are as follows, *explanations & links are further below*: H.R. 245, introduced by Rep. Mike Pence H.R. 1094, the Federal Reserve Board Abolition Act, introduced by Rep. Paul H.R. 1401, the Democratizing the Federal Reserve System Act, introduced by Rep. Marcy Kaptur  H.R. 2990, the National [...]

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