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REGIONALISM — DEATH OF THE AMERICAN SYSTEM OF GOVERNMENT

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By: Phreedomphan

Regardless of any connection that may have had with events today, it is clear that the underlying motive of the present drive for regional government is the consolidation of state and local governments into regional units under total federal control. The people will be excluded from the political and governmental processes.”
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“If the day should ever arrive, (which God forbid!), when the people of the different parts of our country shall allow their local affairs to be administered by prefects sent from Washington, and when the self-government of the states shall have been so far lost as that of the departments of France, or even so far as that of the counties of England–on that day the progressive political career of the American people will have come to an end, and the hopes that have been built upon it for the future happiness and prosperity of mankind will be wrecked forever.” – John Fiske, historian, quoted in “Our Changing Constitution” by Charles W. Pierson, Doubleday, Page & Company, 1922.Unfortunately, God did not forbid it, and the day of control of local affairs by Washington is here. It comes in the form of “regionalism” and the weapon for imposing it is federal “revenue-sharing”.

Regionalism is the consolidation of local and state governments into large regional units and the centralization of power in bureaucratic authorities, boards, and commissions whose primary function will be to administer plans and programs dictated by Washington.

We’ve found traces of Regionalism as far back as the 1920’s, in fact, the 1922 book mentioned above dealt with the federal incursions into state and local affairs and the Constitutional perversions used to justify it. More

NEVER MIND AUDITING THE FED: IT’S TIME FOR A CRIMINAL INVESTIGATION

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Liberty News Online 04-03-2010 6:20 pm – John Wallace
The Federal Reserve has recently and very reluctently released details of its unlawful purchase of certain securities in order to help JP Morgan Chase takeover the Wall Street brokerage firm of Bear Stearns. Unfortunately for the Federal Reserve, this was a violation of federal law, as the Fed is not authorized to purchase anything other than securities that are backed by the full faith and credit of The United States.

Here is some basic information about three organizations that were created as part of the criminal scheme to defraud Americans that could also be considered part of a larger pattern of racketeering activity:

MAIDEN LANE LLC

Maiden Lane LLC is the first holding company bearing the name that was created when JPMorgan Chase took over Bear Stearns in early 2008. It holds an asset portfolio that JPMorgan found too risky to assume in whole, and consequently the Federal Reserve Bank of New York extended a $30 billion credit line to the limited liability company to facilitate the unwinding of these assets over time. Bloomberg, citing Bank of America analysts, reported on October 2, 2008, that the Federal Reserve might stand to lose $2 to $6 billion on the asset porfolio. A November 6, 2008, update by the Federal Reserve showed that the fair value of the assets was at $26.8 billion, meaning a book loss of $2 billion for the Federal Reserve. More

Repealing the Federal Reserve Act

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The biggest threat to our sovereign nation, to the very survival of our country is the Federal Reserve system.  The bill listed below was written By congressman Ron Paul.  It effectively ends the secretive and unconstitutional [central bank].  It would also end the fiat currency we call the US dollar and return the coining of money to congress, where it belongs.  The text of the bill is provided by opencongress.org. 

 

http://www.opencongress.org/bill/110-h2755/text

 

HR 2755 IH

110th CONGRESS

1st Session

H. R. 2755

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

June 15, 2007

Mr. PAUL introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To abolish the Board of Governors of the Federal Reserve System and the Federal reserve banks, to repeal the Federal Reserve Act, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Federal Reserve Board Abolition Act’.

SEC. 2. FEDERAL RESERVE BOARD ABOLISHED.

(a) In General- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished.

(b) Repeal of Federal Reserve Act- Effective at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.

(c) Disposition of Affairs-

(1) MANAGEMENT DURING DISSOLUTION PERIOD- During the 1-year period referred to in subsection (a), the Chairman of the Board of Governors of the Federal Reserve System–

(A) shall, for the sole purpose of winding up the affairs of the Board of Governors of the Federal Reserve System and the Federal reserve banks–

(i) manage the employees of the Board and each such bank and provide for the payment of compensation and benefits of any such employee which accrue before the position of such employee is abolished; and

(ii) manage the assets and liabilities of the Board and each such bank until such assets and liabilities are liquidated or assumed by the Secretary of the Treasury in accordance with this subsection; and

(B) may take such other action as may be necessary, subject to the approval of the Secretary of the Treasury, to wind up the affairs of the Board and the Federal reserve banks.

(2) LIQUIDATION OF ASSETS-

(A) IN GENERAL- The Director of the Office of Management and Budget shall liquidate all assets of the Board and the Federal reserve banks in an orderly manner so as to achieve as expeditious a liquidation as may be practical while maximizing the return to the Treasury.

(B) TRANSFER TO TREASURY- After satisfying all claims against the Board and any Federal reserve bank which are accepted by the Director of the Office of Management and Budget and redeeming the stock of such banks, the net proceeds of the liquidation under subparagraph (A) shall be transferred to the Secretary of the Treasury and deposited in the General Fund of the Treasury.

(3) ASSUMPTION OF LIABILITIES- All outstanding liabilities of the Board of Governors of the Federal Reserve System and the Federal reserve banks at the time such entities are abolished, including any liability for retirement and other benefits for former officers and employees of the Board or any such bank in accordance with employee retirement and benefit programs of the Board and any such bank, shall become the liability of the Secretary of the Treasury and shall be paid from amounts deposited in the general fund pursuant to paragraph (2) which are hereby appropriated for such purpose until all such liabilities are satisfied.

(d) Report- At the end of the 18-month period beginning on the date of the enactment of this Act, the Secretary of the Treasury and the Director of the Office of Management and Budget shall submit a joint report to the Congress containing a detailed description of the actions taken to implement this Act and any actions or issues relating to such implementation that remain uncompleted or unresolved as of the date of the report.

 

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