>>15500459The Federal Reserve Act of 1913 says Fed banks will publish complete details weekly of their assets and liabilities, as well as the nature of their transactions.
They don’t do this.
The Federal Reserve Act of 1913 says the Fed is required to write off worthless assets on its books.
It doesn’t do this.
The Federal Reserve Act of 1913 says it is to have reserves in gold equal to 35% of its deposits.
It doesn’t do this.
The Federal Reserve Act of 1913 says it will maintain a gold account at the Treasury.
It doesn’t do this.
The Federal Reserve Act of 1913 says the Fed’s franchise will be forfeited if they violate law.
It is not.
The Federal Reserve Act of 1913 says that Federal Reserve Notes will be redeemed for gold.
They’re not.
The Federal Reserve Act of 1913 says Fed bank owners will be held responsible for all Fed bank debts and contracts.
They aren’t.
The Federal Reserve Act of 1913 says US Treasury yields are to be paid in tax-free gold.
They aren’t.
Gold is mentioned 53 times and on 11/25 pages. The word gold is littered throughout the Federal Reserve Act of 1913, basing one promise after another on GOLD. It was the ONLY reason the legislation passed.
The Federal Reserve Act of 1913 says the Federal Reserve will not pay any income tax, its shareholders will receive a 6% dividend or the yield on a US 10-year treasury (whichever is higher) and also to have all their expenses paid.
They did manage to uphold these parts of the Federal Reserve Act of 1913.
Why do we have a Federal Reserve again?
A thread for the above:
https://archive.4plebs.org/pol/thread/378535945/#q378535945 