Ron Paul's Federal Reserve
Abolition Act - HR 2755 - Bravo!
9-25-8
If you agree, call your Congressman today...
Federal Reserve Board Abolition Act (Introduced in House)
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at the end of the 1-year period beginning on the date of the enactment of this Act, the Federal Reserve Act is hereby repealed.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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The conspirators of Jekyll Island finally got the Meltdown that their secret little meetings were created to achieve. The story is called "The London Connection"by Eustace Mullins, and it is about how "The FED" was very secretly created.
What am I talking about? The Federal Reserve Bank is not "Federal," it is a privately held central bank; one of the twelve international private central banks that now control the money supply for the planet. The recent events that have "hit" the United States, were planned and carried out as part of this takeover that was the reason the FED was created in the first place.
When the so-called government asked the FED to step in and takeover AIG, they were actually inviting a private bank (masquerading as part of the Federal government) to take 80% of the targeted Insurance giant' and in exchange the Fed decided to dump the shareholders and save the gamblers that created this mess in the first place. So the "banks" will get the profits and the bailout while the public gets the shaft-again!
Washington Mutual and Wachovia are both up for sale and Morgan Stanley is "having conversations" as of tonight! This financial tsunami is just beginning, and the key player is still wearing its mask that is intended to disguise its true purposes!
The real problem with all of this is that most Americans are still unaware of the true nature of the Federal Reserve Bank and how it came to be called by that name even though it prints our money; it is still not a part of the Federal Government!
CLICK HERE for Money and How it's Created
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CLICK HERE for Real American Biker TV
Protocol and Respect are primary rules when dealing with the Real American Biker World.
Bikers are people too. They have good and bad days, they have jobs, families, and normal
everyday problems and concerns just like anyone else. There are those who no matter what you say or do, it will not be right with them. Just like with any group, you will find
both good and bad.
All makes and models of motorcycles are welcomed, as long as you Ride like you have a Brain. Thats what being an All American Biker is all about, the Fact that you RIDE.
Never, Ever, Lie to a fellow Biker. Don't be Nosey and ask personal questions, Respect is
Earned, Give it and You'll Get it.
Don't Gossip, storys change many times over and probably will be blown up way out of proportion.
DO NOT touch or sit on another Riders bike unless invited to do so. Do not expect the invitation.
Be aware of the behavior and attitude of the Riders who are with you (especially if anyone
has been drinking) at events. If necessary, try to take action to avoid problems before they
happen. For example, if someone appears to be getting too angry or loud and possibly
disrespectful, take them aside or suggest going somewhere else until things settle down.
Never, Ever, allow a Drunken Biker to Ride, thats what Taxi Cab's are for. The cost of a Cab ride is a drop in the Bucket compared to the Cost of Jail, a Hospital or a Grave Yard.
Brothers Before Others means Being there for fellow Bikers in Need, that is to say, Don't
ask a Brother for something Stupid. Broke down or Hurt in the middle of nowhere? A Brother will be there without question if requested. Out of money and want another Beer or Drink, don't ask for it. If offered, accept it with Gratitude, Don't leave when you get it to go to the presence of others. Use Common Sense. Brothers Before Others goes for Sisters Too!
Don't call me Brother unless you know for a fact that I AM a Real American Biker Brother.
Ride On,
Udin udin
Not a newbie to Biker Sites, the friends on my friends list are actually Friends, Brothers and Sisters I have actually met, Rode and Partied with or have known for a very considerable amount of time. This is not a Popularity contest to me, I cull friends on my list. If you don't stay in contact with me for a reasonable amount of time, 'Poof' you're gone. If you want to add me as a Friend just to increase your Popularity Status, 'Poof' again. No RUBS, No Wanna B's, No Drama and No Gossip, just Real American Bikers.
Udin udin...Ok here's where the Udin udin came from:
Udin udin Click Here
Several years ago when I bought my Road King, my father asked me "what in the world made me decide I wanted to be a Biker"...LMAO
I asked him "how old was I when I bought my first Motorcycle?, and he replied, I dunno, 14 or 15. Then I asked him how many Motorcycles have I owned? he replied I dunno about half a dozen. So I had to ask him, So what in the Hell gave you the Idea I just now wanted to become a Biker"? ROFLMAO
Ted Nugent Knows what the 2nd Ammendment MEANS, and So Do I! CLICK BELOW FOR:
Ted Nugent on 2nd Ammendment
This Woman Knows what the 2nd ammendment means
Ted Nugent on Border Security
Click Once for English
There are people who own motorcycles and there are Bikers. If you don't know or can't understand the difference, I think you will find my profile to be too politically incorrect for your tastes.
I hate mandatory helmet laws. The true morons in society think the debate is about wanting to feel the wind in our hair. For people who actually know what they're talking about, it's about not wanting to spend the rest of our lives as talking heads after this piece of so-called "safety equipment" breaks our neck and puts us in a wheelchair forever. If you happen to think that it's Government's job to force it's citizens to do things they are absolutely dead set against, you and I would not get along. In my opinion, you would be happier living in a Socialist or a Communist Country.
I could care less about Harley Davidson copyright problems, how much chrome you have, what size scooter you ride or what kind of yuppie scum biker propaganda you subscribe to. If you love to ride and turn your own wrenches then Ride with me. If you buy bikes as investments, wear official logo roadgear from head to toe, worry about getting grease underneath your fingernails or think that mandatory helmet laws are a good idea then get the HELL away from me!
Where the Hell is Sanford,Florida? Why it's Larry the Cable Guy's Hometown, 35 miles S.W.of Daytona
CLICK for Larry the Cable Guy Video
CLICK for Ron White Video
Frank Lawrence
Born and Raised in Alexandria,Virginia
Edison High Class of '69
Retired Truck Driver.
US Navy Veteran 1969-1975.
Gunners Mate - Explosive Ordnance and Demolition Technician(EOD)
USS Henley - USS Borie - USS Independence - USS Forrestal - USS Bowen - USS Harold J. Ellison
I.Q.: 125
Status: (Live alone) but not much longer
Profession: Retired Commodities Relocator
Education: High school
Religion: Sinner
Children: Have adult children (Not living with me)
Overall Looks: You tell me
Hair: White
Eyes: Blue
Body: Weight-height proportional
Height: 5ft 7in
Weight: 170
Love meeting new friends, also seeing and riding with old friends. Very out Spoken, Somewhat crazy but Good Natured.
Like to ride my Road King, anywhere, anytime and most every day.
