Re: OT The Fed is an evil planned by evil men

Tony Lima wrote: 
On Fri, 25 Nov 2005 14:55:12 -0500, Jeff Davis
<jd_home@xxxxxxxxxx> wrote:


Tony Lima wrote:

On Fri, 25 Nov 2005 14:01:02 -0500, Jeff Davis
<jd_home@xxxxxxxxxx> wrote:



s_knight8 wrote:


http://www.omegaletter.com/articles.asp?ArticleID=5788

In the 1982 case Lewis v. United States, the Ninth Circuit Federal Court of
Appeals stated that the "Federal reserve banks are not federal
instrumentalities for purposes of a Federal Torts Claims Act, but are
independent, privately owned and locally controlled corporations."

As such, the Federal Reserve's role is in direct violation [...]


Oh. You're one of *those*. 


Probably correct.  The Supreme Court has ruled in many
similar cases that Congress does not have the power to
delegate responsibilities placed on it directly by the
Constitution.  Most likely the Federal Reserve Act of 1913
was unconstitutional.


It isn't a question of delegation. Anyone can print money. They simply set up a specific corporation that they'd deal with.

The gov't could print other currency if it wanted. 


Ahem.  The Constitution gives Congress the power to print
money.  Congress delegated that power to the Federal
Reserve, a non-governmental agency.  (The Fed is most
assuredly not part of the U.S. government.)  Oh, yes, the
Fed is not a corporation either -- at least, not if you're
using the standard U.S. legal definition of "corporation."

So what part of this don't you understand? - Tony

Your idea of delegation. Congress was given the power to print money, but that just means that without that power they couldn't. They aren't giving that power (delegating) that to anyone. Anyone can print money. Lots of corporations used to print money. The Federal Reserve is just an artificial entity that Congress defers to in monetary policy.
.

Relevant Pages

  • Re: Your numismatic laugh of the day
    ... >> CONGRESS (i.e. ... > The Federal Reserve System is an independent government agency. ... to delegate its power away to anybody or to any other government entity, ... silver and gold coin. ...
    (rec.collecting.coins)
  • Re: OT The Fed is an evil planned by evil men
    ... >Your idea of delegation. ... Congress was given the power to print money, ... >but that just means that without that power they couldn't. ... >artificial entity that Congress defers to in monetary policy. ...
    (rec.sport.football.college)
  • Why A Bankrupt America
    ... The American Patriot Movement ... enacted by the U.S. Congress or contained in the U.S. Constitution ... Let's begin with this mysterious entity known as the Federal Reserve ... privately owned by a select group of private banking cartels. ...
    (alt.politics.bush)
  • Re: Isaiah 7:14
    ... Congress  AND GIVEN OVER TO PRIVATE FOR PROFIT INTERNATIONAL BANKERS. ... calling themselves the Federal Reserve must pay back every dime of the ... agents currently as President Obama's Chief of staff, Israel saw fit ...
    (soc.culture.usa)
  • Re: Your numismatic laugh of the day
    ... It is even more inconvenient to note that in 1853 silver was made subsidiary to ... the word 'regulate' does not mean "fool around with something to Congress' heart's content" as has been painfully experienced by the people after 1932. ... 'maintain' would be a better way of understanding how the word 'regulate' was used in the Founders' language to apply to the Constitution when you see that word. ... Or more likely they would probably pull out one of these, a George Washington Federal Reserve Note, and say, ...
    (rec.collecting.coins)