Wednesday, June 22, 2011

Hey! The Gig Is UP! Federal Reserve Act Has a Backout Clause

'No Congress, no President has been strong enough to stand up to the foreign-controlled Federal Reserve Bank. Yet there is a catch - one that President Kennedy recognized before he was slain - the original deal in 1913 creating the Federal Reserve Bank had a simple backout clause.

The investors loaned the United States Government $1 billion. And the backout clause allows the United States to buy out the system for that $1 billion. If the Federal Reserve Bank were demolished and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight, and the need for more taxes and even the income tax, itself.'

Read more: Hey! The Gig Is UP! Federal Reserve Act Has a Backout Clause

Source: http://www.davidicke.com/headlines/50082-hey-the-gig-is-up-federal-reserve-act-has-a-backout-clause

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