The Clearing House Association says that the Fed has to keep its business under wraps else negative rumors lead to runs. Well, it didn’t say runs; it only alludes to unnameable “negative consequences.”
Source link: http://archive.mises.org/10549/the-why-of-fed-secrecy/
The Why of Fed Secrecy
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“Immediate release of these documents will cause irreparable harm to these institutions and to the board’s ability to effectively manage the current, and any future, financial crisis,” the central bank argued.
At least that much of it is true.
Children can understand that the reason gangsters that fix fights and races do so in secrecy to prevent the crowds from ‘getting in on the action’ – otherwise the effort to guarantee the winner / investment won’t be worth it.
The banks are publicly traded companies. What about SARBOX? Former Enron officials are in jail for doing exactly the same thing that is now being done by banks are now doing.
Here is the answer to your question and it clearly shows what the hell is going on right now.
The date is February 21, 1871 and the Forty-First Congress is in session. I refer you to the “Acts of the Forty-First Congress,” Section 34, Session III, chapters 61 and 62. On this date in the history of our nation, Congress passed an Act titled: “An Act To Provide A Government for the District of Columbia.” This is also known as the “Act of 1871.” What does this mean? Well, it means that Congress, under no constitutional authority to do so, created a separate form of government for the District of Columbia, which is a ten mile square parcel of land.
In essence, this Act formed the corporation known as THE UNITED STATES. Note the capitalization, because it is important. This corporation, owned by foreign interests, moved right in and shoved the original “organic” version of the Constitution into a dusty corner. With the “Act of 1871,” our Constitution was defaced in the sense that the title was block-capitalized and the word “for” was changed to the word “of” in the title. The original Constitution drafted by the Founding Fathers, was written in this manner:
“The Constitution for the united states of America”.
The altered version reads: “THE CONSTITUTION OF THE UNITED STATES OF AMERICA”. It is the corporate constitution. It is NOT the same document you might think it is. The corporate constitution operates in an economic capacity and has been used to fool the People into thinking it is the same parchment that governs the Republic. It absolutely is not.
Capitalization — an insignificant change? Not when one is referring to the context of a legal document, it isn’t. Such minor alterations have had major impacts on each subsequent generation born in this country. What the Congress did with the passage of the Act of 1871 was create an entirely new document, a constitution for the government of the District of Columbia. The kind of government THEY created was a corporation. The new, altered Constitution serves as the constitution of the corporation, and not that of America. Think about that for a moment.
Incidentally, this corporate constitution does not benefit the Republic. It serves only to benefit the corporation. It does nothing good for you or me — and it operates outside of the original Constitution. Instead of absolute rights guaranteed under the “organic” Constitution, we now have “relative” rights or privileges. One example of this is the Sovereign’s right to travel, which has been transformed under corporate government policy into a “privilege” which we must be licensed to engage in. This operates outside of the original Constitution.
So, Congress committed TREASON against the People, who were considered Sovereign under the Declaration of Independence and the organic Constitution. When we consider the word “Sovereign,” we must think about what the word means.
Can someone explain how privately run clearing houses have stayed in business while the Fed exists?
This puzzles me.
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