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Author Topic: I just read the federal reserve act and...  (Read 1491 times)
Byrne0ut
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« on: May 11, 2008, 12:51:00 AM »


10. Custody of Plates and Dies; Expenses of Issue and Retirement of Notes

The plates and dies to be procured by the Secretary of the Treasury for the printing of such circulating notes shall remain under his control and direction, and the expenses necessarily incurred in executing the laws relating to the procuring of such notes, and all other expenses incidental to their issue and retirement, shall be paid by the Federal reserve banks, and the Board of Governors of the Federal Reserve System shall include in its estimate of expenses levied against the Federal reserve banks a sufficient amount to cover the expenses herein provided for.
[12 USC 420. Part of original Federal Reserve Act; not amended.]

It says here the the federal reserve will pay the expensed incidental to the issue and retirement of notes.  So does that mean the federal reserve infact not profit from every dollar they print? 


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Byrne0ut
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« Reply #1 on: May 11, 2008, 11:43:13 AM »

No responses to this?
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Byrne0ut
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« Reply #2 on: May 11, 2008, 11:45:28 AM »

Found it.  Online Registration for the Federal Reserve as a Private company incorporated in Delaware. Got all the proof I needed. 

https://sos-res.state.de.us/tin/controller
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Byrne0ut
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« Reply #3 on: May 11, 2008, 11:46:38 AM »

although it is registers as a non profit, but of course that doesn't mean anything except they dont pay taxes.
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rick reuben
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« Reply #4 on: May 11, 2008, 11:47:35 AM »

Found it.  Online Registration for the Federal Reserve as a Private company incorporated in Delaware. Got all the proof I needed. 

https://sos-res.state.de.us/tin/controller
Did they hide it? I see an error message.
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Byrne0ut
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« Reply #5 on: May 11, 2008, 11:50:55 AM »

no, its just goofy. 

have to do this the old fashioned way.

www.corp.delaware.gov

from that screen on the left click on general information under the services.  It will ask you for the entity name.  type in Federal Reserve Association.  It shows when it was incorporated. 
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jesqueal
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« Reply #6 on: May 11, 2008, 12:00:36 PM »

the Board of Governors of the Federal Reserve System shall include in its estimate of expenses levied against the Federal reserve banks a sufficient amount to cover the expenses herein provided for.[/b]

I think this means that, if for instance the Fed gets 'allocated' 80 grand to print, they will infact print $79000 (or $79599 or whatever) due to printing costs.
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rick reuben
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« Reply #7 on: May 11, 2008, 12:34:57 PM »

have to do this the old fashioned way.
Thanks. I see it now. Very interesting. What do you think this statement on the page means?
Quote
THIS IS NOT A STATEMENT OF GOOD STANDING
Have a look here:

http://lucidwhite.com/?p=47

More details on the Delaware connection.
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Byrne0ut
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« Reply #8 on: May 11, 2008, 12:51:42 PM »

It it just showing that there is a corporation named the federal reserve association but if you want to see if it is an active entity you would have to pay $10 just to see that or $20 for a more detailed report. Im fairly certain it is still active though, but if anyone feels like it they can pay the $10 to make sure.
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Kregener
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« Reply #9 on: May 11, 2008, 01:23:21 PM »

And if the satanic cabal that has seized control of America said the sky was green and the grass was purple, you had better believe it.
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Byrne0ut
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« Reply #10 on: May 11, 2008, 02:25:20 PM »

nevermind, that entity is void... i dont know what that means.  Any help on this topic would be appreciated.

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Byrne0ut
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« Reply #11 on: May 11, 2008, 02:28:04 PM »

Doesn't make much sense to be incorporated since 1914 and then be voided in march of 2001.  This seems fishy.
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jesqueal
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« Reply #12 on: May 11, 2008, 02:33:59 PM »

dude you should get another browser
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Byrne0ut
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« Reply #13 on: May 11, 2008, 02:37:55 PM »

im at my parents house.  i usually use firefox.
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thadividedsky
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« Reply #14 on: May 12, 2008, 11:16:32 PM »

voided 6 months and 10 days before 9/11. Makes perfect sense. The bush cabal has taken control of the federal reserve and is crashing the economy to usher in his martial law. Just my 2 cents, but it seems to makes perfect sense.
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hellcatjr
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« Reply #15 on: May 13, 2008, 02:31:00 PM »

voided 6 months and 10 days before 9/11. Makes perfect sense. The bush cabal has taken control of the federal reserve and is crashing the economy to usher in his martial law. Just my 2 cents, but it seems to makes perfect sense.

Care to elaborate further? As in explain what you see a little more please (so that I may view it with you Smiley )
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