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Your Money by Robert L. Pappas, Col. USMC (RET) Col. Pappas speaks with great authority on this subject. After retiring from the USMC he spend over 5 years with the Florida State Department of Banking and Finance in a very high level position. Your Money Title 12, Chapter 3 of the US Code (Federal Reserve System) is consistent with Article I, Section 8 of the Constitution that vests the Congress with the responsibility to, "coin Money, regulate the value thereof…" and etc. The link provides direct access to the text of the 235-page law if one cares to peruse it. Congress is a deliberative body with no functional capability. Talking, making deals, compromising, "selling and trading" votes and passing resolutions and laws are its products. It is resultant laws, in this instance Monetary Policy contained in Title 12, Chapter 3, that fulfill the "promote the general welfare" provision of the Constitution. The value of money is relative and is based on confidence in the medium of exchange. It is that simple underlying concept that motivated the Congress in 1913, to create "The Federal Reserve, the central bank of the United States,…to provide the nation with a safer, more flexible, and more stable monetary and financial system" as an independent US Government instrumentality. This is contrary to claims that the "Fed" is a private bank. Succinctly put, it was created by and is responsible to the Congress, and is organized in such a way so as to ensure that there are checks and balances in its administration. That system supports and underwrites the safety of privately owned and operated banks, and among other things "regulates" the value of money by controlling interest rates. That is, how much can be borrowed and at what rates. In short, it controls the supply of money. Controlling the money supply enables the "Fed" to control inflation, the directly related, public confidence, and "value of money" in compliance with Article 1, Section 8. Go to this web site for a more detailed understanding of the Federal Reserve http://www.federalreserve.gov/pubs/frseries/frseri.htm There it explains in considerable detail the organization and operation of the Federal Reserve System. The "gobbledysteria" that the system is on the verge of collapse, or that foreign bankers or a small group of elitists own the system is like Clinton's honesty-there's nothing to it. Is there a better way to do it? Some say, "yes." We'll see how the National Economic Stabilization and Recovery Act (NESARA) fares. Ultimately, the monetary system of any nation is as strong as the nation itself. Witness the recent collapse of Argentina's monetary/banking system, then compare that to the US system that has been so stable for decades that most of the rest of the world's governments have pegged their currencies' value against the US dollar; and in this writer's opinion, that will include the recently floated and highly touted "Euro." Semper Fidelis. Robert L. Pappas, Col. USMC (RET) *COPYRIGHT NOTICE** In accordance with Title 17 U. S. C. Section 107, any copyrighted work in this message is distributed under fair use without profit or payment to those who have expressed a prior interest in receiving the included information for nonprofit research and educational purposes only.[Ref. http://www.law.cornell.edu/uscode/17/107.shtml ] Want to be on our lists? Write at [EMAIL PROTECTED] for a menu of our lists! Write to same address to be off lists! <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance�not soap-boxing�please! These are sordid matters and 'conspiracy theory'�with its many half-truths, mis- directions and outright frauds�is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
