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Federal Reserve notes Represent A First Lien On All The Assets Of The Federal Reserve Banks, and on the

collateral specifically held against them. Pu lic !otice"Pu lic Record #Federal Reserve notes are legal tender currency notes. The t$elve Federal Reserve Banks issue them into circulation pursuant to the Federal Reserve Act of %&%'. A commercial ank elonging to the Federal Reserve (ystem can o tain Federal Reserve notes from the Federal Reserve Bank in its district $henever it $ishes. )t must pay for them in full, dollar for dollar, y dra$ing do$n its account $ith its district Federal Reserve Bank. Federal Reserve Banks o tain the notes from our Bureau of *ngraving and Printing +B*P,. )t pays the B*P for the cost of producing the notes, which then become liabilities of the Federal Reserve Banks, and obligations of the United States Government. -ongress has specified that a Federal Reserve Bank must hold collateral e.ual in value to the Federal Reserve notes that the Bank receives. This collateral is chiefly gold certificates and /nited (tates securities. This provides acking for the note issue. The idea $as that if the -ongress dissolved the Federal Reserve (ystem, the /nited (tates $ould take over the notes +lia ilities,. This $ould meet the re.uirements of (ection 0%%, ut the government $ould also take over the assets, $hich $ould e of e.ual value. Federal Reserve notes represent a first lien on all the assets of the Federal Reserve Banks, and on the collateral specifically held against them. Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since !"". The notes have no val#e for themselves, b#t for what they will b#y. $n another sense, beca#se they are legal tender, Federal Reserve notes are %backed% by all the goods and services in the economy.% The %11 year F*2 charter .uestion. Look at3 https3""$$$.kitcomm.com"sho$thread.php4t5670'89page5: Post ;70 says the follo$ing3 To put this discussion to rest. The original Federal Reserve Act of %&%' did indeed provide for e<piration of the corporate #po$er# of the t$elve Federal Reserve Banks to e<ist in 81 years from the anks= organi>ation +not the adoption of the Act,. (ec. 0 ... the said Federal reserve ank shall ecome a ody corporate and as such ... shall have po$er3 ... (econd. To have succession for a period of t$enty years from its organi>ation unless it is sooner dissolved y an Act of -ongress, or unless its franchise ecomes forfeited y some violation of la$. Federal Reserve Act of %&%' +P.L. :'?0', '6 (TAT. 87%, %8 /(- 88%,. @o$ever, this 81?year corporate life $as changed to perpetual in %&8A y Act of Fe . 87, %&8A +00 (tat. %8'0, as follo$s3 (econd. To have succession after Fe ruary 87, %&8A, until dissolved y Act of -ongress or until forfeiture of franchise for violation of la$. (ee ? &mergency 'imitations (nd Restrictions )n B#siness )f *embers )f Federal Reserve System+ ,esignation )f 'egal -oliday For .ational Banking (ssociations Bhereas defined pursuant to3 %8 /(- C &7 ? *mergency Limitations And Restrictions On Business Of Dem ers Of Federal Reserve (ystemE 2esignation Of Legal @oliday For !ational Banking AssociationsE e<ceptionsE F(tateG defined3 -urrent through Pu . L. %%'?': +(ee Pu lic La$s for the current -ongress, +a, )n order to provide for the safer and more effective operation of the !ational Banking (ystem and the Federal Reserve (ystem, to preserve for the people the full enefits of the currency provided for y the -ongress through the !ational Banking (ystem and the Federal Reserve (ystem, and to relieve interstate

commerce of the urdens and o structions resulting from the receipt on an unsound or unsafe asis of deposits su Hect to $ithdra$al y check, during such emergency period as the President of the /nited (tates y proclamation may prescri e, no mem er ank of the Federal Reserve (ystem shall transact any anking usiness e<cept to such e<tent and su Hect to such regulations, limitations and restrictions as may e prescri ed y the (ecretary of the Treasury, $ith the approval of the President. Any individual, partnership, corporation, or association, or any director, officer or employee thereof, violating any of the provisions of this section shall e deemed guilty of a misdemeanor and, upon conviction thereof, shall e fined not more than I%1,111 or, if a natural person, may, in addition to such fine, e imprisoned for a term not e<ceeding ten years. *ach day that any such violation continues shall e deemed a separate offense. (ee3 http3""$$$.scri d.com"doc"%&%6%0'8%"-ommon?La$?Trust?*mergency?Limitations?and? Restrictions?on?Business?of?Dem ers?of?Federal?Reserve?(ystem?2efined?Pu lic?!otice?Pu lic?Record Also (ee3 http3""$$$.scri d.com"doc"%A&7061:'"-ommon?La$?Trust?Bank?@oliday?of?%&''?2efined? Pu lic?!otice?Pu lic?Record This is codified in the /nited (tates -ode, %8 /.(.-. C '0%. (ee http3""$$$.la$.cornell.edu"uscode"us...%????111?.html This is $here it stands today. *ach of the /.(. Federal Reserve Banks can only e dissolved y an act of -ongress or #forfeiture of franchise for violation of la$.# (o it looks like the F*2 got a 81 year charter on 8' dec. %&%' and on 87 fe . %&8A, this $as changed to perpetual, until ? /.(. Federal -orporation Bankrupt since %&''" also Jno$n As FThe Bank @oliday Of %&''G Please pay F(pecial AttentionG to this portion of the La$3 The present la$ for ids mem er anks of the Federal Reserve (ystem to transact anking usiness, e<cept under regulations of the (ecretary of the Treasury, during an emergency proclaimed y the President. %8 /.(.-.A. C &7. BlackKs La$ 2ictionary (i<th *dition +page %0:, ????L F2R=s *mergency BA!J)!M Relief Act of Darch &, %&'' still in effect today. T@* BA!JR/PT-N OF T@* F*2*RAL /!)T*2 (TAT*( People seem more inclined to research and investigate root causes and actual conditions in hard times, so ) am posting this information, in the hope some of my countrymen $ho do not /!derstand $hat is presently happening $ill ecome a$are that they are /!a$are, and in a$akening, a$aken others to the end game. )f you don=t mind, this isn=t a thread a out the merits of metals, ut a out recent history, and things $e can e<pect if $e don=t $ake up and @OL2 some accounta ility from our alleged servants in government. The fact of the matter is, the /nited (tates did go #Bankrupt# in %&'' and $as declared so y President Roosevelt y *<ecutive Orders :1A', :%18, :%%% and y *<ecutive Order :8:1 on Darch &, %&'', under the #Trading Bith The *nemy Act# of Octo er :, %&%A, A( AD*!2*2 y the *mergency Banking Relief Act, 06 (tat %, Pu lic La$ !o. %, $hich is presently codified at %8 /(-A &7a and confirmed at &7 . Nou can confirm this for yourself y reading it on FindLa$. Thereafter, -ongress confirmed the ankruptcy on Oune 7, %&'', and thereupon impaired the o ligations and considerations of contracts through the #Ooint Resolution To (uspend The Mold (tandard And A rogate The Mold clause, Oune 7, %&''# +(ee3 @OR?%&8, A'rd -ongress, %st (ession,. Bhen the -ourts $ere called upon to rule on various of the provisions designed to implement and compliment F2R=s *mergency BA!J)!M Relief Act of Darch &, %&'', they $ere all found unconstitutional, so $hat F2R did $as simply stack the #-ourt=s# $ith @)( chosen o se.uious mem ers of the ench" ar and then sent many of the cases ack through and R*P*R(*2 the rulings. For the full picture please seeE http3""$$$.scri d.com"doc"%&%8666&&"/?(?Federal?-orporation?Bankrupt? (ince?%&''?Also?Jno$n?as?the?Bank?@oliday?of?%&''?Pu lic?!otice?Pu lic?Record

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