Tuesday 30 August 2011

{Political_Views} First Federal Reserve Audit Reveals Trillions in Secret Bailouts - IPS ipsnews.net




The founding fathers did not agree with each other on everything but they did on who should control a countries money. The Government. Yet less than 140 years later the Fed came along. Yet Congress has no constitutional authority to do so. In fact it say in Article one section eight that only congress has the right to coin money and fix the standard of weights and measures. At that time the United states was on the Gold standard and it's value in dollars was to be fixed by congress. Today the Fed and Wall Street do it. Today we still make the coins but the Fed (a private bank) dictates it's value.
http://www.ipsnews.net/news.asp?idnews=104913

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