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Do away with the Federal Reserve Bank

Created by D.S. on January 30, 2013

In 1913 when the Federal Reserve Act was fraudulently pushed through Congress. Most people assume that the Federal Reserve Bank is federal--that is, part of the united States' government. However, the Ninth Circuit Court put that issue to rest in 1982 when they adjudicated:
that Reserve Banks are not federal instrumentalities for purposes of the FTCA, but are independent, privately-owned and locally controlled corporations." [Lewis vs. U.S., 680 F. 2d 1239, 1241]

Federal Reserve Notes are illegal according to Article I, Section 8 of the United States Constitution: "The Congress shall have Power...to coin Money". Notice that it states "coin" not "print".

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