why the federal reserve is unconstitutional

They have hear a few cases requesting the Fed be dissolved but haven't ruled in that favor. The 14th amendment was organized by Socialists, morphing into the Progressives who gave us the Unconstitutional Federal Reserve just over one hundred years ago. The US Constitution, the supreme Law of the Land, can only be amended pursuant to Article V. The US Constitution cannot be amended by statute. . Um die Panik von 1907 zu überstehen, überredete JP Morgan andere Tycoons, das System mit Kapital zu überfluten, um Banken und Unternehmen beim Überleben … Sure, its a form-over-substance sham, but there it is. Those aren’t “US Government Notes” in your wallet, they are “Federal Reserve Notes”. So the Fed wouldn't be abolished as unconstitutional even if the justices agreed with the argument. Therefore, the Federal Reserve is unconstitutional because Congress does not have the specific power to create a central bank. Why should the Federal Reserve Board and the Federal Reserve banks be permitted to finance our competitors in all parts of the world?" Answer Save. The most powerful, influential economic policy-making institution in the country, the Federal Reserve ("Fed"), is an unelected body that is completely unaccountable to the people. A majority of the responses as to why the Fed must go is that that their existence is "unconstitutional" according to Article 1 Section 8 of the U.S. Constitution. Is the Federal Reserve unconstitutional? Critics of the Federal Reserve point out that the Constitution makes no reference to a centralized bank to carry out these actions. It makes its own policies, and is under no regulation by the US government. The Federal Reserve System makes no sense. The Constitutional Basis for Central Banking. Somewhere along the line Congress decided, probably as the result of bribes, … Rep. McFadden asked. The federal resrve is a private corporation, but there is nothing federal about it. The Constitution grants Congress the power to coin money and to regulate the value. Progressives will never relinquish control of both our White House, and media, without a fight. End the Fed is a 2009 book by Congressman Ron Paul of Texas. The Senate version was introduced by Senator Rand Paul (R-KY). FAITHLESS GOVERNMENT OFFICERS WHO HAVE VIOLATED THEIR OATHS SHOULD BE IMPEACHED … . CRIMINAL CONGRESS SOLD OUT TO GLOBAL BANKSTERS FOR PERSONAL GAIN . But it is not—it merely controls how much money gets released to the public. This is why the U. S. Military will need to seize all unconstitutional government units (SES, Serco, Crown Agents, federal courts, etc) and try the criminals through tribunals. Now, Philip K. Howard, whose 1994 book The Death of Common Sense proved instrumental in encouraging reform of the legal profession, is sounding the alarm about the federal bureaucracy. Why do we have the Federal Reserve, its unconstitutional, and a private bank. Therefore, it is argued the creation of the Federal Reserve itself was a violation of the Constitution. The Federal Reserve Bank is unconstitutional for two reasons: First,as it was not an enumerated power of the Federal government pursuant to the constitution, the legal basis for the first central bank (there have been several) was that it was “necessary and proper”. The Federal Reserve already caused one depression, but abolishing it would only help the economy; banks would have to purchase their own private insurance, which in turn would relate their insurance-premiums to risk-levels. Federal Court System Operates Outside of the U. S. Constitution. The most powerful, influential economic policy-making institution in the country, the Federal Reserve (“Fed”), is an unelected body that is completely unaccountable to the people. If the Federal Reserve was actually the entity that printed money, it would be unconstitutional. Myth #8 – The Fed is unconstitutional. You start there and you know everything else that there is to know about it. Lou Gamboa is a national speaker on the subject, and has spoken on numerous radio programs in an effort to educate the public. Let's start with the true structure of the Federal Reserve. Watch Queue Queue For more about the structure of the Federal Reserve and why it is NOT private, see my answer at Congress enacted the Federal Reserve Act in order to carry out the power to regulate the value of money. 2014-08-18 01:13:48 2014-08-18 01:13:48. The Federal Reserve is structured to be INDEPENDENT and it is most definitely NOT private. Wiki User Answered . The Constitution established commodity monies, specifically, silver and gold coinage as the money of the United States. Constitutional Lawyer Edwin Vieira: "The Federal Reserve Act of 1913 is unconstitutional. The 10th Amendment also states the federal government is only to have those powers expressly granted to it. Vor der Gründung der Fed war man darauf angewiesen, dass private Unternehmer die Wirtschaft in der Krise wiederbeleben. Its a fradulent central banking system. The Federal Reserve is Unconstitutional Saturday, June 13, 2020. Watch Queue Queue. 25 26 27. Its a big fraud.? The passage of the Federal Reserve Act was unconstitutional because 1) the US Constitution prohibited "bills of credit" (i.e., paper notes) and 2) the US Constitution would have to be amended to go off the silver and gold coin standard for money. Here’s why: March 5, 2011 at 10:53 pm. In addition, the federal government's power to create money -- lawful money -- is limited only to minting gold or silver coins; paper currency is forbidden. The Federal Reserve Transparency Act of 2015 was a bill introduced in the U.S. House of Representatives of the 114th United States Congress by Congressman Thomas Massie ().It included proposals for a reformed audit of the Federal Reserve System (the "Fed"). yeah, nice source "www.federalreserve.gov" really unbiased I'm sure Please Register or Log in to view the hidden image! This is a follow up to a question i asked yesterday. It is not unconstitutional. (And, no, the Fed’s monopoly over money has not been as amazing as the Fed’s macroeconomists would have us believe). So it begs the question, why hasn't the Supreme Court acted upon that?? It was a scheme founded by a secret group of bankers on an island off the Georgia Coast in 1910. Well, let’s back up and start with the fact that this institution’s very existence is most likely unconstitutional. The Constitution also gives Congress the power to create all laws necessary to carry out any of the powers of the U.S. Government granted by the Constitution. Oh, sure, you can understand why in a country as large as the United States you might want the central bank to be a bit, er, decentralized. C.J. Why the Federal Reserve is Unconstitutional Discussion 1: A wealth tax violates Article 1 section 9 of the Constitition that states, "No capitation, or other direct, tax shall be laid, unless in proportion to the census or enumeration herein before directed to be taken." Has the Federal Reserve System ever been audited? .… But this wasn’t the first time the constitutionality of the nation’s central bank had been tested. by Bob Russell, ©2020 (Jun. That structure can be determined by reading the law that governs it which can be found in Title 12 Chapter 3 of the U.S. Code. . 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