Posted 05/02/11
Excerpt from the first footnote on the mission statement:
http://www.save-a-patriot.org/files/view/frcourt.html
"Court Rules Federal Reserve is Privately Owned Case Reveals Fed's Status as a Private Institution
Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency:
Lewis v. United States, 680 F.2d 1239 (1982) John L. Lewis, Plaintiff/Appellant, v.
United States of America, Defendant/Appellee.:"
It goes on and on...
."H.R. Report No. 69 Cong. 1st Sess. 18-19 (1913).
The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act. In United States v. Orleans, 425 U.S. 807, 96 S.Ct. 1971, 48 L.Ed.2d 390 (1976), the Supreme Court held that a community action agency was not a federal agency or instrumentality for purposes of the Act, even though the agency was organized under federal regulations and heavily funded by the federal government. Because the agency's day to day operation was not supervised by the federal government, but by local officials, the Court refused to extend federal tort liability for the negligence of the agency's employees. Similarly, the Federal Reserve Banks, though heavily regulated, are locally controlled by their member banks. Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are covered by worker's compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act. Employees travelling on Bank business are not subject to federal travel regulations and do not receive government employee discounts on lodging and services.
The Banks are listed neither as "wholly owned" government corporations under 31 U.S.C. Sect. 846 nor as "mixed ownership" corporations under 31 U.S.C. Sect. 856, a factor considered is Pearl v. United States, 230 F.2d 243 (10th Cir. 1956), which held that the Civil Air Patrol is not a federal agency under the Act. Closely resembling the status of the Federal Reserve Bank, the Civil Air Patrol is a non-profit, federally chartered corporation organized to serve the public welfare. But because Congress' control over the Civil Air Patrol is limited and the corporation is not designated as a wholly owned or mixed ownership government corporation under 31 U.S.C. Sub-Sect. 846 and 856, the court concluded that the corporation is a non-governmental, independent entity, not covered under the Act.
Additionally, Reserve Banks, as privately owned entities, receive no appropriated funds from Congress. . . . "
So, who are we to argue with the federal courts? The Federal Reserve Bank System is Privately owned.
I say let's just leave the statement like it is and let the TP vote it up or down.....the other arguments had to do with procedural action plans, etc, which are not really part of the mission statement.
AUDIT THE FED: Position Statement For a BRTP Issue Team:
The BRTP advocates full, total, and immediate transparency of the privately owned
Federal Reserve Bank, including a complete audit by an independent authority including participation and oversight by a panel of private citizens.
"Give me control over a nations currency, and I care not who makes its laws.” B MA Rothschild (A Fed Co-founder),
If you own the money factory, the law can’t touch you. You’re outside the law…An Outlaw.
That’s The Federal Reserve.
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered. Thomas Jefferson.
Wake up. Wake up.WAKE UP! Your Country’s Burning.
(Alex Jones’The Fall of theRepublic)
In 1913, the unconstitutional “Federal Reserve Bank Act”, took the power to create and control money for ALL Americans from the U.S. Government. The Federal Reserve is, simply put, a privately-owned banking cartel that has been given a perpetual monopoly over our monetary system by the U.S. Congress. (Oh, and the Income Tax Started the same year..Coincidence?)
A Cartel is defined as: an international syndicate, combine, or trust formed especially to regulate prices and output in some field of business. A coaliton of political or special-interest groups having a common cause, as to encourage the passage of a certain law. (dictionary.com)
The Federal Reserve is dominated by Wall Street and New York bankers, not part of, nor answerable to the Federal Government , or the American People. Since 1913, The dollar has lost 95% of its value and in 2010-2011, inflation is rising at 45% (Have you noticed?). The Fed Hasn’t.
*Fed: Money for Nothin’ Chips for Free
:Creating Money from “thin air”
,
Fed then gambles on almost anything they want , in secret. Fed then “earns” 5% of revenue as “expenses ”and gets 6% dividends on Fed “Stock.
” The Fed’s “Stack” (total balance sheet) grew from $750 Billion in 2008 to almost $3.5 Trillionby 4/2011.
*Heads, Fed Wins,Tails, We Lose
Fed gives Free Money to Banks. If they lose, (WE) bail them out.
*The U.S. (WE) now owe $14.3 Trillion! Plus $9 Trillion in “off balance sheet” Fed credits.
In 2011, every man, woman and child in America owes$45,994.03. That number has increased by $4.07 billion per day since September 28, 2007! Plus add $30,000 EACH for “off balance sheet” numbers as of May, 2009.
*The Fed fought, all the way to the Supreme Court, to avoid disclosure.
They lost, and following the ruling we learned that over 70% of the $3.3 trillion the Fed distributed went to foreign corporations and banks.
*The Federal Reserve now buys 70% of new US Debt Some Call that “Monitization,” Others, Financial Terrorism
*Retiree Disaster Fed Policies have CRUSHED retirees’ income from CDs, & Social Security. Inflation has accelerated, killing the purchasing power of their shrinking income. The Fed underestimates inflation by only recogniz-ing CORE Inflation: No food, no gas. If you’re not panicked about inflation yet, you haven’t been to the grocery store.
Fed Chairman Just Says: “No.” Sen. Bernie Sanders:”Will you tell the American people to whom you lent
$2.2 Trillion of their dollars?. Who got the money..Can you tell us who they are?” “NO.” Ben Bernanke, Fed Chair
So:The Fed Has Failed.
Visit our website & view references, articles, SEE Videos..Learn,ThenTAKE ACTION.
ALL IS NOT LOST: Other Countries have Already taken action:“Unlike Americans, the people of Iceland were allowed to vote on bailing out the banksters. They voted overwhelmingly against the proposal on Saturday despite the intimidation tactics of the globalist loan sharking operation, the International Monetary Fund.””
GO to:
“It is well that the people of the nation do not understand our banking and monetary system, for if they did, I
believe there would be a revolution before tomorrow morning.” Henry Ford
US Debt: 3x since ’01 -- 2x since 05:Money Supply: True Inflation..Fed ONLY SEES Core:
Inflation Rose only After FED :1913 WE buy Food &Groceries/ The FedOwnsAmerica:The Fed Doesn’t Shop?
We PAY THE BILLS: AIG,GNMA,FNMA,Big Banks
For links to Footnotes:
Mark http://dmc.members.sonic.net/sentinel/naij2.html “ The monetary policy of the United States is the domain of the Federal Reserve Bank and not the government. This process is in direct contradiction of the U.S. Constitution that reposes the responsibility of the monetary system with the Congress of the United States.” Harry V Martin
Mark
Posted 04/06/11
End the Fed Focus Group
Notes from April 05 Meeting
1- Follow up meeting next Tuesday, April 12th at George's (in the back room) on Coursey from 6:00 to 8:00 is confirmed and good to go.
2- My notes from last night's meeting. Mark- your job is to make it make sense! All- please feel free to add your own suggestions and send to all so we can stay up on the progress.
- Position Statement:
-What BRTP believes: The BRTP advocates full, total, and immediate transparency of the privately owned Federal Reserve Bank, including a complete audit by an independent authority which includes private citizen participation and oversight.
-Why:
-The Federal Reserve is not a government agency- it is a cartel of privately owned and self serving institutions operating in complete secrecy.
-It has failed to control the volatility of our economy, as was supposedly it's primary function at conception. In fact- our dollar has lost 95% of it's value since the Federal Reserve's inception (note- provide supporting graph).
-The Federal Reserve is dominated by Wall Street and New York bankers and is not part of, nor answerable to, the Federal Government or the American People.
-It has enslaved us and future generations to perpetual debt. See chart on growth on "National Debt" from U.S. National Debt Clock).
-In 1910, before the Federal Reserve Act, our national debt was 2.6 billion. It is currently over 14 TRILLION (conservatively estimated- per TreasuryDirect.gov).
- Use facts and figures, if appropriate: See above.
- No more than one page: Just getting started…
- Action Plan:
-What can the BRTP do to make it happen:
-Educate ourselves- see list of books and websites on topic.
-Educate Others- get the word out that this is a HUGE issue and now is the time to act.
-Mark is structuring the info we've collected in a clear and concise way that will allow us to forward to other Tea Parties.
-Rebecca will contact the other Tea Parties to determine what, if any, action they've taken on this topic and to see if they are interested in learning/ doing more.
-We will evaluate the response to determine the next step. The eventual goal may be to have a "townhall" meeting for Senator Vitter to discuss this issue, as he is co-sponsor, along with Ron Paul, of the current Audit the Fed bill before the Senate (We should probably have a brief summary of this bill and what the current status is…).
-If support is promising, Mark Holmes has contacts with Vitter’s office. They may be willing and able to assist us in providing an opportunity for Vitter to speak to interested constituents.
da
Posted 03/31/11
All- it's time to get our thoughts and ideas together and prepare them to be shared with the other Tea Party Members. We will meet at the Piccadilly on Sherwood Tuesday- April 5th at 6:00 pm.
If you plan to collect information on any of those topics, please let me know so 1-) We don't duplicate the effort, 2-) We have some information prepared and ready to go so our meeting will be more productive.
1- In the future, if you send an e-mail with information that relates to our group, please be sure to send it out to everyone so they can benefit from it.
2- Position Statement-
a- What BRTP believes.
b- Why.
c- Use facts and figures, if appropriate.
d- No more than a page.
3- Action Plan-
a- What can BRTP do to make it happen?
b- Be specific. Who, what, when?
4- Notes from last night:
a- Imperative to educate the public.
b- The Federal Reserve Bank must be stopped- ruining our economy, our country.
c- Put pressure on our representatives.
d- Do we gradually end the Fed or do we do it all at one time?
e- Support current supporters of End the Fed- Ron Paul and our own David Vitter.
5- Just my thoughts and suggestions: In preparation for our meeting in a week or two, I thought I'd list some things we could get started on now to bring to the table when we meet. It's important to make our info interesting, both in context and appearance, and to convey our information as easily and concisely as possible- without using a lot of words. See if you agree and let me know. Choose from the following as an easy assignment you can work on and bring with you to Piccadilly:
a. A Picture's Worth A Thousand Words: gather graphs showing various aspects of our topic- as they will easily portray a point more easily than words.
1- Example- the strength of our economy when we had a Central Bank, i.e. The Federal Reserve Bank vs the times we did not.
2- Example- the rise and fall of the value of the dollar since the founding of the current Federal Reserve Bank.
3- Example- the price of gold and/ or silver.
4- Anything else you come upon or think of that would pertain and be interesting. If you can print in color, please do.
b- Say What!?!: Quotes from famous persons, from our founding fathers to economists of today, about a Central Banking System in general and/ or the Federal Reserve Bank in particular. (I will do some work on this one.)
c- Got Gold?: Bullet points- is gold the most effective backer of our dollar. If so, why. If not, explain.
d- "Elementary My Dear Watson": give five brief facts about the Fed that most people don't know, such as- it is not part of our Federal Government, it was founded in 1913, it can print money on a whim, etc. Again- bullet points, not too many words.
e- You Think That's Funny!: Cartoons about the Federal Reserve Bank. If you can print them in color- that would be great.
6- Two suggestions:
a- Watch Glen Beck this afternoon- will dedicate this show to the Federal Reserve Bank.
b- May want to read "The Wealth of a Nation", by Oscar and Mary Handlin.
7- Volunteers for April 15th: Sean Beauvais, Donna Amick and anyone else who wants to be there.
8- Please let me know if you have any questions. It was great seeing y'all last night and I look forward to our meeting.
I will forward all information I get so we can move forward together. Thanks to all for the great effort.
Initial meeting Jan 27, 2011
-End the Fed as in the Federal Reserve Bank
-Congress has limited capabilities (no foreign debt)
-Pressure Congress to implement audit
-Current supporters-David Vitter (LA) and Ron Paul (TX)
-The Federal Reserve Bank is owned by private bankers- is not a part of the federal government
-Formed in 1913, in secret, on Jekyl Island
-Bring back the "gold standard"
-Valuation of gold (static?)
CURRENT ASSIGNMENTS:
Mark Holmes- contact Vitter to speak with the Tea Party
Herb Ellensburg- call Vitter's staff to get preliminary information
Austin Basler- FRB research
Donna Amick- www. research
Rebecca Lipe and Harold Bowman- read Ron Paul's End the Fed book and report
For more information
The following was submitted by Harold Bowman 02/16/11:
Audit the Fed
Many people think the Fed has never been audited. According to a group called
Political Research Associates, it has been audited many times. Every year Congress introduces legislation to audit the Fed and every year it is defeated.
Rep. Ron Paul
is a leading proponent of the cause.
Since its inception in 1913 the Federal Reserve System has been subjected to a variety of financial and performance audits by Congress, the executive branch, and private accounting firms, although responsibility for this task has shifted from time to time. From 1913 to 1921 the Board of Governors, then known as the Federal Reserve Board which sets monetary policy and regulates the activities of the Federal Reserve Banks, was audited annually by the U.S. Treasury Department. In 1921 Congress created the Government Accounting Office (GAO) and assigned it to audit the Board until 1933. In the Banking Act of 1933, Congress voted specifically to remove the Board from the GAO's jurisdiction. From 1933 to 1952 audit teams from the twelve Federal Reserve Banks performed the annual examination of the BOG's books. From 1952 to 1978, the Board, under authorization from Congress, decided to employ nationally recognized accounting firms to conduct the audits of itself to insure independent oversight. This provided an external evaluation of the adequacy and effectiveness of the examination procedures.
In 1978 Congress passed the Federal Banking Agency Audit Act. It placed the Federal Reserve System back under the auditing authority of the GAO. The Act significantly increased the access of the GAO to the Federal Reserve Banks, the Board, and the Federal Open Market Committee (the FOMC). Since then, the GAO has conducted over 100 financial audits and performance audits of the three Federal Reserve bodies
Financial audits of the Fed are also conducted regularly. Each Reserve Bank is audited every year by independent General Auditors who report directly to the Board of Governors. These examinations involve financial statement audits and reviews on the effectiveness of financial controls. Each Reserve Bank also has its own internal audit mechanisms. The Board contracts each year with an outside accounting firm to evaluate the audit program's effectiveness. Price Waterhouse conducted an audit of the Board's 1994, 1995, 1996, 1997, and 1998 financial statements. The Government Accounting Office does not have complete access to all aspects of the Federal Reserve System. The law excludes the following areas from GAO inspections transactions for or with a foreign central bank, government of a foreign country, or non-private international financing organization;
(2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations;
(3) transactions made under the direction of the Federal Open Market Committee; or
(4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items.
Would you consider investing in any business which restricted the disclosure of financial transactions that it considered to be “none of your business”? Is it really necessary to audit the Fed.? We already know that it has failed it’s mission. The politicians, in 1913, promised that it would end the ups and downs that have plagued our economy since colonial times. In the past 98 years, we have suffered many slowdowns in the economy, the Great Depression of the 1930,s and the current recession (Depression?).
History of central Banks in the United States
The Fed is the 3rd central bank of the United States. It was preceded by the First Bank of the United States, 1791 to 1811, and by the Second Bank of the United States, 1816 to 1836. These banks were modeled after England’s central bank, the Bank of England. There was no central bank from 1836 to 1913. In 1913, in response to the Panic of 1907, the Federal Reserve Bank was created.
After the Revolutionary War, the economy suffered from severe inflation. The paper money issued by the Continental Congress was practically worthless. A central bank was seen as a way to stabilize the economy. The founding fathers were aware that several European countries had central banks and that the governments controlled the money supply and therefore controlled their subjects.
Alexander Hamilton was primarily responsible for the creation of the first central bank in 1791 in an attempt to stabilize the economy . It’s charter was to last for 20 years. Thomas Jefferson, Thomas Paine and James Madison were opposed to it. When its charter expired in 1811, the Congress failed to renew it by narrow margins in both the Senate and the House of Representatives.
In 1816, the Second Bank of the United States was chartered. Its charter was also for 20 years. It was approved by many of the congressmen who had rejected the previous central bank. The primary reason for the second bank was because of the severe inflation that occurred after the War of 1812. President Andrew Jackson was opposed to the central bank and in 1833 removed all federal funds and deposited them in state banks. The bank’s charter was not renewed in 1836 but continued on as a private bank for 5 years and declared bankruptcy in 1841.
There was no central bank from 1837 to 1913. Then in response to the Panic of 1907, the Federal Reserve System was created. The Fed consists of a Board of Governors (7), the Federal Open Market Committee (FOMC), 12 regional banks, many private member banks, and various advisory counsels. The president appoints the Board of Governors and they are confirmed by Congress. The FOMC sets monetary policy and consists of the 7 members of the Board of Governors and the 12 regional bank presidents. The government sets the salaries of the systems highest-level employees. The government receives all the system’s profits after a statutory 6% dividend on member banks capital investments. The Federal Reserve transferred $78.4 billion to the U.S Treasury in 2010.
following submitted by Mark 02/18/11: